NFI Group Inc stock analysis
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NFI Group Inc (NFI) Stock Price & Analysis
NFI Stock Chart & Stats
- Day’s Range
- CAD 23.96 - CAD 24.72
- 52-Week Range
- CAD 12.81 - CAD 27.37
- Previous Close
- CAD 24.54
- Volume
- N/A
- Average Volume (3M)
- 335.35K
- Market Cap
- CAD 2.93B
- Enterprise Value
- CAD 4.54B
- Total Cash (Recent Filing)
- CAD 117.78M
- Total Debt (Recent Filing)
- CAD 1.22B
- Price to Earnings (P/E)
- 10.4
- Beta
- 0.65
- Next Earnings
- Mar 04, 2027 (Est.)
- EPS Estimate
- 0.55
- Last Dividend Ex-Date
- Sep 28, 2022
- Dividend Yield
- N/A
Bulls Say, Bears Say
Bulls Say
Strong Transit Backlog And Demand
A large, increasingly firm backlog provides meaningful revenue visibility and supports production planning over the next several quarters. Strong replacement demand from aging transit fleets and sustained order activity also reinforce NFI’s market position and growth prospects.
Improving Manufacturing Economics
Manufacturing margin expansion indicates that backlog conversion, better production linearity, and higher motor coach deliveries are improving operating leverage. If execution remains consistent, stronger unit economics can support earnings growth beyond simple revenue expansion.
Growing Aftermarket And Cash Generation
Aftermarket activity adds a recurring, higher-margin element to NFI’s manufacturing operations and benefits from the installed vehicle base. Improved free cash flow and working-capital discipline can help fund operations and support gradual balance-sheet improvement.
Bears Say
Elevated Leverage
Leverage above the stated target range reduces financial flexibility and leaves less capacity to absorb weaker demand, execution setbacks, or higher operating costs. Deleveraging therefore remains important before NFI can consistently prioritize broader capital returns.
Battery Recall And Related Cash Burden
The battery recall remains an extended operational and financial obligation, with substantial work still scheduled through 2027. Related cash outflows and working-capital investment can constrain free cash flow, while the impairment highlights continuing exposure from the settlement assets.
Thin And Volatile Profitability
Although profitability has recovered, thin margins leave limited protection against cost inflation, product-mix changes, or delivery disruption. The recent history of losses also suggests that earnings power remains cyclical and less resilient than the improving current results imply.
NFI Group Inc News
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NFI Group Inc Stock Smart Score
Company Description
NFI Group Inc
NFI Group Inc., a prominent manufacturer and seller of buses, operates globally across North America, the United Kingdom, Europe, and the Asia Pacific region. Headquartered in Winnipeg, Canada, the company was established in 1930, adopting its current name in May 2018, having previously been known as New Flyer Industries Inc. Its business is structured into two main segments: Manufacturing Operations and Aftermarket Operations. NFI boasts a diverse portfolio of vehicles, including heavy-duty transit buses sold under the New Flyer brand, single and double-deck buses from Alexander Dennis Limited, and motor coaches by Plaxton and MCI. They also produce low-floor cutaway and medium-duty buses through the ARBOC brand, alongside articulated buses. A significant focus for the company is on zero-emission solutions, offering battery-electric, hydrogen fuel-cell, and electric trolley buses. Complementing its vehicle production, NFI provides extensive post-sale services, which include distributing aftermarket parts via NFI Parts, offering field support, supplying technical documentation, conducting training, and managing special projects.
- Sector
- Consumercyclical
- Industry
- Auto - Manufacturers
- CEO
- John Sapp
- Employees
- 9,000
- Website
- www.nfigroup.com
- Address
- 711 Kernaghan Avenue, Winnipeg, MB, R2C 3T4, CA
NFI Group Inc (NFI) Earnings & Revenues
NFI Earnings Call
Earnings Call SentimentPositive
The call was strongly positive overall. NFI reported profitable growth, record LTM adjusted EBITDA, improved manufacturing economics, stronger aftermarket performance, better production linearity, higher liquidity, robust transit demand, and an increase in the low end of 2026 adjusted EBITDA guidance. These strengths outweighed challenges related to the battery recall, uneven zero-emission adoption, UK competition, softer cutaway demand, elevated leverage, higher taxes, and temporary funding uncertainty.
View all TSE:NFI earnings summariesNFI Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 6 | 5 | 11 |
| Technical Analysis | 3 | 5 | 2 |
| Moving Averages | 3 | 0 | 9 |
