Premium Income Corporation trades with the ticker PIC-A on the TSX and is in the Asset Management industry.
Overview
Premium Income Corporation is an equity mutual fund launched and managed by Strathbridge Asset Management Inc. It invests in the public equity markets of Canada. It invests in stocks of companies operating primarily in the banking sector. The fund uses financial derivatives such as call and put options to invest in stocks of Bank of Montreal, Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, and Toronto Dominion Bank. It seeks to invest in stocks of dividend paying companies. The fund benchmarks the performance of its portfolio against the S&P/TSX Diversified Banks Total Return Index. Premium Income Corporation was formed on August 27, 1996 and is domiciled in Canada.
Looking to invest in Premium Income Corporation? Our analysis brings in the key facts, competitor research and valuation metrics for you to make an informed decision.
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PIC-A.TO Stock Price and Key Stats
ETF Key Stats
Exchange: TSX
Market Cap : $66.445MM
PE Ratio:
Price: 14.47 (Updated: 3/12/2024 0:47:16)
Premium Income Corporation (PIC-A) vs Competitors in Asset Management
Lets see how PIC-A.TO stacks up against others in the Asset Management asset management industry. We have identified its main peers as:Aberdeen International Inc, AGF Management Limited, Aimia Inc, Brookfield Asset Management Inc, Canadian Banc Corp
.Asset Management Industry Comparisons
| Company | Market Cap ($MM) | P/E Ratio | EV/EBITDA | Dividend Yield |
|---|---|---|---|---|
| Aberdeen International Inc (AAB) | $2.898 | N/A | 1.021 | N/A% |
| AGF Management Limited (AGF-B) | $518.497 | 6.238 | 4.162 | 5.4% |
| Aimia Inc (AIM) | $274.455 | N/A | 3.924 | N/A% |
| Brookfield Asset Management Inc (BAM-A) | $96,441.909 | 20.732 | 12.159 | 1.6% |
| Canadian Banc Corp (BK) | $281.484 | N/A | 0.0 | 17.4% |
EV/EBITDA: Enterprise Value to Earnings Before Interest, Taxes, Depreciation, and Amortization – this ratio compares the value of a company, including debt, to the company’s cash earnings less non-cash expenses
Industry: companies that have a lot in common
Market Cap: Market Capitalization – the total value of all a corporation’s stock
N/A: Not Applicable or Not Available
P/E: Price-to-Earnings – this ratio relates a corporation’s share price to its earnings per share
Price: Stock Price – current value to buyers and sellers
Dividend Yield: Dividend or Distribution Yield
Comparisons within Asset Management
- Premium Income Corporation (PIC-A) vs Aberdeen International Inc (AAB)
- AAB has higher EPS (-0.12 vs -3.2). PIC-A provides dividends, while AAB does not. AAB and PIC-A both have P/E’s under 0.
- Premium Income Corporation (PIC-A) vs AGF Management Limited (AGF-B)
- AGF-B has higher EPS (1.3 vs -3.2). PIC-A has higher dividend yield (19.0% vs 5.4%). PIC-A has a P/E under 0, indicating AGF-B (P/E 6.238) is in a better position.
- Premium Income Corporation (PIC-A) vs Aimia Inc (AIM)
- AIM has higher EPS (-1.8 vs -3.2). PIC-A provides dividends, while AIM does not. AIM and PIC-A both have P/E’s under 0.
- Premium Income Corporation (PIC-A) vs Brookfield Asset Management Inc (BAM-A)
- BAM-A has higher EPS (2.84 vs -3.2). PIC-A has higher dividend yield (19.0% vs 1.6%). PIC-A has a P/E under 0, indicating BAM-A (P/E 20.732) is in a better position.
- Premium Income Corporation (PIC-A) vs Canadian Banc Corp (BK)
- BK has higher EPS (-1.81 vs -3.2). PIC-A has higher dividend yield (19.0% vs 17.4%). BK and PIC-A both have P/E’s under 0.
Our Recommendation: Hold
Features a lower EV/EBITDA ratio (-17.08) than the industry average (2.01), indicating attractive valuation.
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