CI Financial Corp. (T:CIX*CA)
Business Focus: Investment Management & Fund Operators (NEC)
| Sector: Financials | Industry: Investment Management & Fund Operators |
| Company Contact | |
| Address: | 15 York Street, 2Nd Floor TORONTO ON M5J 0A3 |
| Tel: | 1-416-6818779 |
| Website: | https://www.cifinancial.com |
| IR: | See website |
| Key People | ||
| Darie P. Urbanky President, Chief Operating Officer | Kurt Macalpine Chief Executive Officer, Director | Amit Muni Chief Financial Officer, Executive Vice President | Edward D. Kelterborn Executive Vice President, Chief Legal Officer |
| Business Overview |
| CI Financial Corp. is a diversified global asset and wealth management company operating primarily in Canada, the United States and Australia. The Company is engaged in the management and distribution of a range of financial products and services, including wealth management, insurance, and others. The Company operates through three segments: Asset Management, Canadian Wealth Management, and U.S. Wealth Management. The Asset Management segment includes CI Global Asset Management, which operates in Canada, and GSFM Pty Ltd., which operates in Australia. The Canadian Wealth Management segment includes the operations of CI Assante Wealth Management, Aligned Capital Partners, CI Private Wealth, Northwood Family Office, CI Direct Investing and CI Investment Services. The U.S. Wealth Management segment includes Corient Private Wealth LLC, an integrated wealth management company providing comprehensive solutions to ultra-high-net-worth and high-net-worth clients across the United States. |
| Financial Overview |
| For the six months ended 30 June 2024, CI Financial Corp revenues increased 10% to C$1.42B. Net income decreased 73% to C$22M. Revenues reflect Asset Management segment increase from C$316.5M to C$729.3M, Canada wealth management segment increase from C$216.8M to C$480M, Canada segment increase from C$588.4M to C$1.31B, United States segment increase of 80% to C$528.7M. |
| Employees: | 2,390 as of Dec 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $6,388M as of Jun 30, 2024 |
| Annual revenue (TTM): | $2,758M as of Jun 30, 2024 |
| EBITDA (TTM): | $658.94M as of Jun 30, 2024 |
| Net annual income (TTM): | -$53.93M as of Jun 30, 2024 |
| Free cash flow (TTM): | $241.27M as of Jun 30, 2024 |
| Net Debt Last Fiscal Year: | $3,817M as of Jun 30, 2024 |
| Shares outstanding: | 145,702,285 as of Sep 25, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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