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Canoe EIT Income Fund (EIT.UN) AI Stock Analysis

435 Followers
TSE:EIT.UN

Canoe EIT Income Fund

(TSX:EIT.UN)

Select Model
Rating:85Outperform
Price Target:CAD 21.00â–²(15.77% Upside)
Action:reiterated
Date:11/07/26

Strong financial performance and attractive valuation are the primary strengths. Positive technical momentum supports the outlook, while cash-flow volatility and elevated stochastic levels are secondary risks.

Positive Factors
Diversified income-oriented investment modelA diversified portfolio of dividend-paying equities provides multiple sources of portfolio income and reduces reliance on any single sector or issuer. The options strategy can further support distributions, giving the fund a clearly defined income-oriented structure over the medium term.
Negative Factors
Weak and volatile cash conversionRepeated negative cash flow and the subsequent decline in free cash flow show that reported earnings have not consistently translated into cash resources. This weak conversion can reduce flexibility for distributions, expenses, and portfolio activity, making financial performance less durable.

Canoe EIT Income Fund (EIT.UN) vs. iShares MSCI Canada ETF (EWC)

-5%0%5%10%15%20%25%30%TSE:EIT.UN+25.81%EWC+19.77%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
CAD 2.44B
Dividend Yield
6.62%
Average Volume (3M)
119.34K
Price to Earnings (P/E)
6.0
Beta (1Y)
0.51
Revenue Growth
48.02%
EPS Growth
-4.25%
Country
Canada
Employees
108
Sector
Financial
Sector Strength
68
Industry
Asset Management

Canoe EIT Income Fund Business Overview & Revenue Model

Company Description

The Canoe EIT Income Fund is a closed-ended balanced fund, primarily administered by Canoe Financial LP, with co-management responsibilities also held by Haber Trilix Advisors, LP. Its investment mandate spans the public equity and fixed income marke...

How the Company Makes Money

Canoe EIT Income Fund does not operate a conventional business; it generates cash available for distributions and fund expenses from investment activities within its portfolio. Key economic sources include: (1) portfolio income such as dividends rece...

Canoe EIT Income Fund Financial Statement Overview

Summary

Strong profitability and balance-sheet growth drive the score, supported by low leverage and improving return on equity. Cash-flow volatility and historically negative operating cash flow temper the result.

Income Statement

92Very Positive

Balance Sheet

88Very Positive

Cash Flow

65Positive
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue577.61M379.15M360.02M148.57M215.74M287.69M
Gross Profit536.90M342.22M325.82M148.57M188.45M267.18M
EBITDA584.49M380.26M652.65M141.10M268.16M587.37M
Net Income565.85M367.14M637.59M124.73M255.37M575.86M
Balance Sheet
Total Assets3.98B3.32B3.09B2.66B2.51B2.24B
Cash, Cash Equivalents and Short-Term Investments25.21M76.77M109.97M14.77M98.23M145.48M
Total Debt559.26M256.12M269.83M95.99M98.09M91.64M
Total Liabilities584.38M279.15M292.17M338.30M337.22M327.44M
Stockholders Equity3.40B3.04B2.80B2.32B2.17B1.91B
Cash Flow
Free Cash Flow8.77M9.72M20.14M-112.77M-50.13M-12.09M
Operating Cash Flow8.77M9.72M20.14M-112.77M-50.13M-12.09M
Investing Cash Flow-164.26M89.01M294.98M-138.50M-73.46M-21.14M
Financing Cash Flow219.24M-136.59M-211.83M27.59M8.68M115.42M

Canoe EIT Income Fund Technical Analysis

Technical Analysis SentimentPositive
Last Price18.14

Price Trends

50DMA17.53Positive
100DMA17.39Positive
200DMA16.81Positive

Market Momentum

MACD0.15Negative
RSI71.99Negative
STOCH86.05Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:EIT.UN, the sentiment is Positive. The current price of 18.14 is above the 20-day moving average (MA) of 17.81, above the 50-day MA of 17.53, and above the 200-day MA of 16.81, indicating a bullish trend. The MACD of 0.15 indicates Negative momentum. The RSI at 71.99 is Negative, neither overbought nor oversold. The STOCH value of 86.05 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:EIT.UN.

Canoe EIT Income Fund Peers Comparison

Overall Rating

UnderperformOutperform
Sector (68)

Financial Indicators

TSE:EIT.UN against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
TSE:EIT.UNTSE:EIT.UN85OutperformCAD 3.52B6.0517.58%6.62%48.02%-4.25%
TSE:BGI.UNTSE:BGI.UN70OutperformCAD 99.06M5.2721.53%9.72%104.68%-24.74%
Sector *68Neutral$18.00B11.429.92%3.81%9.73%1.22%
TSE:AD.UNTSE:AD.UN64NeutralCAD 1.10B12.966.44%6.99%4.05%-55.09%
TSE:PNPTSE:PNP57NeutralCAD 98.56M16.937.01%―-12.47%-79.40%

* Financial Sector Average

Performance Comparison

0%50%100%TSE:EIT.UNTSE:AD.UNTSE:BGI.UNTSE:PGI.UNTSE:PNPTSE:WIDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
TSE:EIT.UN and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
TSE:EIT.UNCanoe Eit Income Fund Trust Units18.143.6425.09%
TSE:AD.UNAlaris Royalty21.603.4819.21%
TSE:BGI.UNBrookfield Global Infrastructure Securities Income Fund6.17-0.23-3.55%
TSE:PGI.UNPIMCO Global Income Opportunities Fund Trust Units6.55-0.18-2.73%
TSE:PNPPinetree Capital10.50-0.55-4.98%
TSE:WIThe Western Investment Company of Canada Ltd1.340.73119.67%

Canoe EIT Income Fund Corporate Events

Dividends

Canoe EIT Income Fund Declares $0.10 October Distribution and Warns on Return of Capital Impact

Neutral
Oct 7, 2026

Canoe EIT Income Fund, a major Canadian closed-end investment fund focused on monthly income and capital growth, has declared a cash distribution of $0.10 per unit for October 2026. Unitholders of record on October 22 will receive payment on November...

DividendsProduct-Related Announcements

Canoe EIT Income Fund Sets Terms for 2026 Voluntary Cash Redemption

Neutral
Oct 5, 2026

Canoe EIT Income Fund has announced details of its 2026 voluntary annual cash redemption, giving unitholders an opportunity to redeem units at 95% of the average net asset value, less direct costs, on the December 4, 2026 redemption date. The redempt...

Business Operations and StrategyDividends

Canoe EIT Income Fund Sets $0.10 September Distribution and Highlights ROC Risks

Neutral
Sep 4, 2026

Canoe EIT Income Fund has declared a monthly cash distribution of $0.10 per unit for September 2026, with unitholders of record on September 22 set to receive payment on October 15. The distribution may include a return of capital component, which ca...

Dividends

Canoe EIT Income Fund Sets August Monthly and Preferred Unit Distributions

Neutral
Aug 11, 2026

Canoe EIT Income Fund has declared an August 2026 monthly distribution of $0.10 per unit for its common units, reinforcing its mandate to provide regular income to investors. The fund also announced quarterly distributions of $0.30 per unit for its S...

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Nov 07, 2026