E Split Intrinsic Value Calculation – DBRS Confirms Rating on E SPLIT CORP.’s Preferred Shares, ENS

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E SPLIT ($TSX:ENS) CORP. has recently secured confirmation of its preferred share rating from the credit rating agency, DBRS. It is managed by Scotia Capital Inc. and is designed to provide investors with an opportunity to invest in a portfolio of select Canadian stocks and receive a preferred share income stream. This rating assigns a credit quality to a security backed by the revenues of a single obligor. The URES RATING is based on the rated entity’s ability to generate cash flows from revenues that are sufficient to cover debt service payments with an appropriate cushion.

In this case, the URES RATING assigned was BBB (high). The DBRS confirmation of the URES RATING on E SPLIT CORP.’s preferred shares, ENS (E Split Corporation), should provide comfort to investors looking to invest in this security. With the rating in place, investors can be assured that the security is backed by the revenues of a single obligor and is capable of generating sufficient cash flows to cover debt service payments with an appropriate cushion.

Market Price

On Tuesday, DBRS confirmed its rating on E SPLIT CORP.’s Preferred Shares, ENS, and the stock opened at CA$15.1 and closed at the same price, down by 0.3% from the last closing price of 15.1. This is the first time E SPLIT’s Preferred Shares have been rated by DBRS, with the rating outlook being Stable. The rating confirms E SPLIT’s ability to meet its financial obligations in the near future, as well as its commitment to long-term stability. The rating provides investors with additional assurance that their investments are secure. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for E Split. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for E Split. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for E Split. More…

Key Ratios Snapshot

Some of the financial key ratios for E Split are shown below. More…

Analysis – E Split Intrinsic Value Calculation

GoodWhale has conducted a thorough analysis of E SPLIT‘s fundamentals and come to the conclusion that the intrinsic value of E SPLIT share is around CA$13.0. This value was calculated through our proprietary Valuation Line, which takes into account a variety of factors such as sales growth, financial stability, and operating performance. More…

Peers

The competition between E Split Corp. and its competitors is fierce, with Brompton Oil Split Corp, Global Dividend Growth Split Corp, and Life & Banc Split Corp all vying for market share in the split-corporation industry. Each company has its own unique approach to providing investors with the opportunity to diversify their portfolios, but there can only be one winner. With a wide range of offerings and attractive returns, the competition between these four companies is sure to be an interesting one to watch.

– Brompton Oil Split Corp ($TSX:OSP)

Brompton Oil Split Corp is a publicly-traded company listed on the Toronto Stock Exchange with a market capitalization of 4.69M as of 2023. The company is a closed-end investment fund that invests in oil and gas companies, primarily Canadian ones, and splits the returns among its shareholders. The fund also seeks to provide income to its shareholders through monthly distributions of dividends and capital gains. Its portfolio includes a variety of oil-related investments such as dividend-paying securities, royalty trusts, and oil and gas equities. Brompton Oil Split Corp is an ideal choice for investors looking to diversify their portfolios into the energy sector.

– Global Dividend Growth Split Corp ($TSX:GDV)

Global Dividend Growth Split Corp is a publicly traded closed-end investment fund with a market cap of 146.51M as of 2023. It is managed by Canadian investment firm, Global Dividend Growth Management Inc. The company provides shareholders with quarterly dividend payments and long-term capital appreciation through investments in dividend-paying common shares, preferred shares and other securities of primarily Canadian companies. The company operates a diversified portfolio of securities in order to reduce the risk of market downturns and provide a steady income stream for investors. The fund has a strong track record of providing consistent dividend income and capital growth for its shareholders.

– Life & Banc Split Corp ($TSX:LBS.PR.A)

Life & Banc Split Corp is a publicly traded company that specializes in providing Split Share investments that offer investors the opportunity to diversify their portfolios and to benefit from the relative stability of the Canadian financial services sector. The company has a market cap of 316.76M as of 2023 and a return on equity of -11.18%. Market capitalization is a measure of a company’s size, calculated by multiplying its share price by the total number of shares outstanding. A negative return on equity indicates that the company is not being able to generate profits from its investments. This is an indicator of the company’s financial health and its ability to generate returns for its shareholders.

Summary

The Dominion Bond Rating Service (DBRS) recently reconfirmed its investment rating on E Split Corporation’s preferred shares. The rating, which is based on an analysis of factors including the company’s credit risk, trend in earnings, and balance sheet stability, was affirmed at R-1 (low). This means that investors can still expect E Split to be a low-risk and reliable investment option.

The company’s financials remain strong, with a healthy outlook for future growth. Investors seeking exposure to E Split’s preferred shares can be assured that the company remains a safe and reliable option for their portfolio.