EIT.UN.TO Fair Value

183.54 %

Upside

As of 2023-12-02, the Fair Value of Canoe EIT Income Fund (EIT.UN.TO) is 36.41 CAD. This value is based on the Peter Lynch's Fair Value formula. With the current market price of 12.84 CAD, the upside of Canoe EIT Income Fund is 183.54%.

12.84 CAD

Stock Price

36.41 CAD

Fair Price

FAIR VALUE CALCULATION

EIT.UN.TO Fair Value

Peter Lynch's formula is:

EIT.UN.TO Fair Value

= Earnings Growth Rate x TTM EPS

EIT.UN.TO Fair Value

= 25.00 x 1.46

EIT.UN.TO Fair Value

= 36.41

The earnings growth rate we use in the formula is the average growth rate of net income/earnings over the last 5 years. If the TTM EPS is negative, we do not compute Peter Lynch's formula for that stock. If the average growth rate is smaller than 5%, we set it to 5%. If it is larger than 25%, we set it to 25%.

	Historical Earnings

	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	5Y Avg
Net income	-67.90	167.60	59.60	575.86	255.37	198.11
YoY growth	-211.13%	346.83%	-64.44%	866.21%	-55.65%	176.36%

EIT.UN.TO Fair Value - Key Data

Market Cap (mil)	2,251.62
P/E	8.82x
Forward P/E	8.56x

EPS	1.46
Avg earnings growth rate	176.36%
TTM earnings	255.37