TSX/AD.UN (TSX/AD.UN)

Toronto Stock Exchange: TSX/AD.UN · CAD

CA$23.2

-0.06 (-0.3%)· Recorded snapshot

Market cap	1.2B
Revenue (ttm)	186.1M
Net income (ttm)	168.1M
EPS (ttm)	CA$3.07
Shares out	50.8M
P/E (trailing)	7.6x
P/E (forward)	12.4x
Dividend	CA$1.56 (6.72%)
Volume	53,868
Beta	1.41

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 186.1M
Net income (ttm): 168.1M
EPS (ttm): CA$3.07
P/E (trailing): 7.6x
P/E (forward): 12.4x
Market cap: 1.2B

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-29 19:55 UTC

Forward P/E12.4

P25 n/aP50 n/aP75 n/a

Trailing P/E7.6

P25 n/aP50 n/aP75 n/a

ROE14.9

P25 n/aP50 n/aP75 n/a

ROIC10.7

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All TSX/AD.UN indicators

Market & fundamental data

Available fields

240

Groups with data

Currency

CAD

Showing 240 of 240 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	CAD
Country	Canada
Country code	CA
Earnings date	2026-11-03
Employees	20
Employees change	3
Employees growth	17.65%
Enterprise value	CAD 1.4B
Exchange	Toronto Stock Exchange
Financial currency	CAD
Financial report date	2026-06-30
First seen	2026-05-10
Fiscal year end	December
Founded	2004
Industry	Asset Management
Is primary listing	Yes
ISIN number	CAC010971017
Last earnings date	2026-08-06
Last refreshed	2026-10-29
Market cap	CAD 1.2B
Next earnings date	2026-11-03
Price	CAD 23.20
Price currency	CAD
Sector	Financials
SIC code	6799
Stock price date	2026-10-29
Symbol	tsx/AD.UN
Website	https://www.alarisequitypartners.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Average P/E ratio (10Y)	11.92x
Average P/E ratio (3Y)	5.56x
Average P/E ratio (5Y)	5.7x
Earnings yield	13.23%
EV/Earnings	8.63x
EV/EBIT	9.51x
EV/EBITDA	9.48x
EV/Sales	7.79x
FCF / EV yield	-3.03%
FCF yield	-3.72%
Forward P/E	12.41x
Graham number	42.24272
Graham upside	81.61%
Industry forward P/E	20.95x
Industry P/E	28.9x
Lynch fair value	CAD 26.33
Lynch upside	13.2%
P/B ratio	1x
P/E ratio	7.56x
P/S ratio	6.34x
Price / tangible book value	1x
Price/EBITDA ratio	7.72x
Sector forward P/E	15.29x
Sector P/E	18.2x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	81.94%
EBITDA margin	82.22%
Gross margin	100%
Operating margin	81.94%
Pretax margin	90.14%
Profit margin	90.29%
Profit per employee	CAD 8.4M
Profitable quarters	2
Profitable years	17
Revenue per employee	CAD 9.3M
ROA	6.98%
ROA (5Y)	8.12%
ROCE	10.46%
ROE	14.93%
ROE (5Y)	16.39%
ROIC	10.68%
ROIC (5Y)	12.48%
SBC / revenue	7.29%
Tax / revenue	-0.15%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	6.19%
EPS growth (QoQ)	2.97%
EPS growth 10Y	7.36%
EPS growth 3Y	12.68%
EPS growth 5Y	2.35%
EPS growth quarters	2
EPS growth years	0
FCF growth (QoQ)	-6.54%
Gross profit growth	11.44%
Gross profit growth (Q)	24.55%
Gross profit growth 3Y	1.73%
Gross profit growth 5Y	0.74%
Net income growth	25.43%
Net income growth (QoQ)	3.65%
Net income growth 3Y	19.46%
Net income growth 5Y	8.58%
Net income growth quarters	2
Net income growth years	0
OCF growth (QoQ)	-6.54%
Operating income growth	9.82%
Operating income growth (Q)	15.86%
Operating income growth 3Y	4.16%
Operating income growth 5Y	-0.49%
Revenue growth	11.45%
Revenue growth (Q)	24.55%
Revenue growth (QoQ)	14.84%
Revenue growth 10Y	5.01%
Revenue growth 3Y	1.73%
Revenue growth 5Y	0.74%
Revenue growth quarters	3
Revenue growth years	1

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Depreciation and amortization	CAD 522,000
EBIT	CAD 152.5M
EBITDA	CAD 153M
EPS	CAD 3.07
FCF per share	CAD -0.87
Financing cash flow	CAD 43.2M
Free cash flow	CAD -44M
Free cash flow minus SBC	CAD -57.5M
Gross profit	CAD 186.1M
Income taxes	CAD -272,000
Net borrowing	CAD 109.9M
Net cash flow	CAD -979,000
Net income	CAD 168.1M
Operating cash flow minus SBC	CAD -57.5M
Operating income	CAD 152.5M
Revenue	CAD 186.1M
Stock-based compensation	CAD 13.6M

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Altman Z-Score	2.71
Book value per share	CAD 25.83
Debt / EBITDA	1.79
Debt / equity	0.23
Interest coverage	6.24
Long-term assets	CAD 1.5B
Long-term liabilities	CAD 279.6M
Net cash (debt)	CAD -269.8M
Net cash / market cap	-22.84%
Net debt / EBITDA	1.76
Net debt / equity	0.23
Piotroski F-Score	2
Property, plant and equipment	CAD 1.4M
Shareholders' equity	CAD 1.2B
Tangible book value	CAD 1.2B
Tangible book value per share	CAD 25.83
Total assets	CAD 1.5B
Total cash	CAD 3.4M
Total debt	CAD 273.2M
Total liabilities	CAD 302.9M
WACC	11.07%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.14
Current assets	CAD 6M
Current liabilities	CAD 23.3M
Current ratio	0.26
Net working capital	CAD -20.7M
Quick ratio	0.26
Working capital	CAD -17.3M
Working capital turnover	-12.13

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	-25.47%
Dividend growth	11.03%
Dividend growth (10Y)	0.17%
Dividend growth (3Y)	3.55%
Dividend growth (5Y)	3.69%
Dividend growth years	1
Dividend payment date	2026-10-15
Dividend payment years	19
Dividend payout frequency	Quarterly
Dividend per share	CAD 1.56
Dividend yield	6.72%
Ex-dividend date	2026-09-29
Last dividend	CAD 0.39
Payout ratio	38.34%
Shareholder yield	-18.77%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y price change	13.57%
10Y return CAGR	9.76%
10Y total return	153.84%
150-day SMA	CAD 23.59
15Y price change	39.16%
15Y return CAGR	9.79%
15Y total return	305.69%
1D price change	-0.26%
1M price change	-1.41%
1M total return	0.26%
1W price change	-1.03%
1W total return	-1.03%
1Y price change	18.64%
1Y return CAGR	27.11%
1Y total return	27.08%
20-day SMA	CAD 23.45
200-day SMA	CAD 23.11
3M price change	-7.3%
3M total return	-5.73%
3Y price change	82.61%
3Y return CAGR	31.56%
3Y total return	127.77%
50-day SMA	CAD 23.67
50-day SMA vs 200-day SMA	50over200
52-week high	CAD 26.31
52-week high date	2026-08-10
52-week low	CAD 18.85
52-week low date	2025-11-07
5Y price change	25.07%
5Y return CAGR	12.92%
5Y total return	83.61%
6M price change	3.77%
6M total return	7.23%
All-time high	CAD 37.69
All-time high date	2013-11-12
All-time low	CAD 3.70
All-time low date	2009-03-13
Average true range (ATR)	CAD 0.30
Average volume	66.3K
Beta (1Y)	0.88
Beta (2Y)	0.97
Beta (5Y)	1.41
Change from 52-week high	-11.82%
Change from 52-week low	23.08%
Change from all-time high	-38.71%
Change from all-time low	524.32%
Change from open	-1.02%
Day's gap	0.77%
Dollar volume	CAD 1.2M
High price	CAD 23.44
Low price	CAD 23.04
Monthly RSI	61.59
Open price	CAD 23.44
Position in 52-week range	40%
Previous close	CAD 23.26
Price vs 150-day SMA	-2.06%
Price vs 20-day SMA	-1.51%
Price vs 200-day SMA	-0.02%
Price vs 50-day SMA	-2.39%
Relative volume	0.81
RSI	36.25
Sharpe ratio	1.2
Sharpe ratio (3Y)	1.27
Sharpe ratio (5Y)	0.47
Sortino ratio	2.19
Sortino ratio (3Y)	2.26
Sortino ratio (5Y)	0.94
Volume	53.9K
Weekly RSI	45.93
YTD price change	12.25%
YTD total return	18.11%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	49M
Shares change (QoQ)	0.4%
Shares change (YoY)	25.47%
Shares held by insiders	3.5%
Shares held by institutions	6.59%
Shares outstanding	50.8M

Deeper analysis on TSX/AD.UN

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

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Risks

Kill scenarios, soft-pass flags, and downside catalysts.

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Earnings

Next earnings setup and beat / inline / miss thresholds.

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Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

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Financials

Revenue, margins, cash flow, and balance-sheet context.

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Peers

Relative valuation and profitability against the cohort.

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Moat

Economic-profit evidence and competitive advantage risk.

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Industry cycle

Sector phase, capital cycle, and secular tailwinds.

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Frequently asked questions

About this TSX/AD.UN report

Is a complete TSX/AD.UN research report available?

No complete published report is available for tsx/AD.UN (TSX/AD.UN) on this page. Market-directory data, when present, is not a substitute for a validated stock analysis.

TSX/AD.UN (TSX/AD.UN)

Price

Financial snapshot

Fair-value bridge

Latest news · TSX/AD.UN

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All TSX/AD.UN indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on TSX/AD.UN

Frequently asked questions