EFN CN

Element Financial Corp

Finance/Real Estate


Presented:06/09/2015
Price:CA$19.04
Cap:$4.09B
Current Price:CA$29.74
Cap:$9.63B

Presented

Date06/09/2015
PriceCA$19.04
Market Cap$4.09B
Ent Value$4.09B
P/E Ratio74x
Book ValueCA$10.20
Div YieldN/A
Shares O/S264.20M
Ave Daily Vol1,330,000
Short IntN/A

Current

PriceCA$29.74
Market Cap$9.63B
Element Financial Corporation, an independent financial services company, originates, funds, and manages asset-based financings in Canada and the United States. The company originates financing a range of equipment and capital assets through secured loans, financial leases, conditional sales contracts, and operating leases. It offers vehicle fleet leasing and management solutions, as well as related service programs to North American companies, including fuel and maintenance service cards, remarketing, maintenance management, and accident services. The company also provides railcar leasing and other secured financing for railcars through its relationships with railcar manufacturers and vendors. In addition, its commercial and vendor finance delivers financing and leasing solutions to end-user customers in the transportation, construction, commercial, industrial, healthcare, franchise, technology, and office products sectors. Further, the company provides leases and other secured financing for corporate airplanes and helicopters; and originates aviation financing and leasing transactions. It has strategic alliance with Trinity Industries Leasing Company and/or affiliates; and GE Capital Fleet Services. Element Financial Corporation was founded in 2007 and is headquartered in Toronto, Canada.

Publicly traded companies mentioned herein: Element Financial Corp (EFN CN), General Electric Company (GE), Hertz Global Holdings Inc (HTZ)

Highlights

The presenter is long shares of Element Financial Corp (EFN CN), expecting an accretive acquisition over the course of the next two quarters, financed by recently raised capital. The presenter is especially interested in a potential GE Capital Fleet Services acquisition, which he believes could drive the share price up to 23 CAD by late 2015.

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Idea Discussion

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