EFN (Element Fleet Management Corp) vs S&P TSX Composite Index (Canada) Comparison

EFN

S&P TSX Composite Index (Canada)

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EFN

S&P TSX Composite Index (Canada)

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EFN

S&P TSX Composite Index (Canada)

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Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

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S&P TSX Composite Index (Canada)

EFN

IRFC

PFC

RECLTD

8593

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Element Fleet Management Corp
Glance View

Economic Moat

None

Market Cap

11.6B CAD

Industry

Financial Services

Element Fleet Management Corp. stands as a pivotal player in the world of fleet services, offering a seamless blend of fleet management expertise and cutting-edge technological solutions. Headquartered in Toronto, Canada, the company serves a diverse spectrum of clients ranging from multinational corporations to government agencies. Element's core operation revolves around the management of vehicle fleets, providing end-to-end solutions that include acquisition, financing, maintenance, and even disposal of vehicles. At its essence, the company alleviates the complexities of fleet management for its clients, allowing them to concentrate on their primary business operations while Element ensures the fleets run efficiently, cost-effectively, and sustainably. The company generates revenue through a combination of fleet leasing and maintenance service fees. Element leverages scale and technology to offer competitive pricing, while optimizing performance and compliance for its clients' fleets. Their business model is supported by long-term service agreements that provide steady, recurring revenue streams. Moreover, Element differentiates itself by investing in proprietary technology platforms that offer data-driven insights to enhance fleet efficiency and drive down operational costs. This commitment to innovation allows Element to maintain a robust foothold in the fleet management industry while continuously adapting to the evolving needs of businesses navigating the demands of modern transportation logistics.

View EFN Analysis

EFN Intrinsic Value

What is Intrinsic Value?

Economic Moat is a concept popularized by Warren Buffett to describe a company's durable competitive advantage. It represents the 'moat' that protects a company from competitors and helps it sustain profitability over the long term. Our analysis of the past 10 years showed that companies with a wide economic moat significantly outperformed the market, delivering +645% returns compared to +189% for the S&P 500.

Our research into Economic Moat performance spans the past 10 years and focuses on companies with a wide economic moat. For this analysis, we calculated the average stock price returns of these companies, comparing them to the performance of the S&P 500 index over the same period.

The results were compelling: wide moat stocks achieved a remarkable +645% average return, compared to +188% for the broader market. This difference highlights the long-term benefits of investing in businesses that can maintain their market position and pricing power over time.

Note: This research does not account for survivorship bias. Past performance is not indicative of future results.

Determining whether a company has an economic moat requires both a deep dive into financial metrics and a qualitative assessment of its competitive position. Our analysts conduct a rigorous evaluation that focuses on identifying structural advantages that enable a company to sustain profitability and defend its market share over the long term.

The process begins with an analysis of a company’s historical financial performance. We assess how consistently the company has generated returns above its cost of capital and whether those returns have been stable or improving. However, financial performance alone doesn’t reveal the full picture. To understand the sources of these advantages, we evaluate five key drivers of economic moats:

Network Effect: We analyze whether the value of a company’s product or service grows as its user base expands. Platforms like payment systems or marketplaces benefit from this self-reinforcing.

Switching Costs: We assess whether customers face significant costs or disruptions when switching to a competitor’s product or service. High switching costs create customer stickiness and provide pricing power.

Intangible Assets: Strong brands, patents, and regulatory licenses can protect a company’s market position by creating barriers for competitors or enabling premium pricing. For example, a well-recognized consumer brand may command higher customer loyalty and margins.

Efficient scale: Occurs when a market is optimally served by one or a few players, making it unprofitable for new entrants to compete. This typically happens in industries with high fixed costs or geographic constraints, such as utilities or pipelines.

Cost Advantage: Companies with structural cost advantages can produce goods or services at a lower cost than their competitors, enabling them to offer competitive pricing or maintain higher margins. These advantages often arise from economies of scale, superior supply chain management, or proprietary technology. Firms like Walmart leverage their massive scale to negotiate better terms with suppliers, allowing them to undercut competitors on price.

By examining these factors in combination with a company’s financial performance and market positioning, we classify each company into one of three categories:

This rigorous evaluation ensures that our moat ratings are both comprehensive and reliable, giving investors the tools they need to make well-informed, long-term decisions.

IN		Indian Railway Finance Corp Ltd NSE:IRFC	Add
IN		Power Finance Corporation Ltd NSE:PFC	Add
IN		REC Limited NSE:RECLTD	Add
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IN	I	Indian Renewable Energy Development Agency Ltd NSE:IREDA	Add
TW		Chailease Holding Company Ltd TWSE:5871	Add
IN		Housing and Urban Development Corporation Ltd NSE:HUDCO	Add
JP		Tokyo Century Corp TSE:8439	Add
CN	J	Jiangsu Financial Leasing Co Ltd SSE:600901	Add

IN		Indian Railway Finance Corp Ltd NSE:IRFC	Select
IN		Power Finance Corporation Ltd NSE:PFC	Select
IN		REC Limited NSE:RECLTD	Select
JP		Shinkin Central Bank TSE:8421	Select
JP		Mitsubishi HC Capital Inc TSE:8593	Select
IN	I	Indian Renewable Energy Development Agency Ltd NSE:IREDA	Select
TW		Chailease Holding Company Ltd TWSE:5871	Select
IN		Housing and Urban Development Corporation Ltd NSE:HUDCO	Select
JP		Tokyo Century Corp TSE:8439	Select
CN	J	Jiangsu Financial Leasing Co Ltd SSE:600901	Select

IN		Indian Railway Finance Corp Ltd NSE:IRFC	Add
IN		Power Finance Corporation Ltd NSE:PFC	Add
IN		REC Limited NSE:RECLTD	Add
JP		Shinkin Central Bank TSE:8421	Add
JP		Mitsubishi HC Capital Inc TSE:8593	Add
IN	I	Indian Renewable Energy Development Agency Ltd NSE:IREDA	Add
TW		Chailease Holding Company Ltd TWSE:5871	Add
IN		Housing and Urban Development Corporation Ltd NSE:HUDCO	Add
JP		Tokyo Century Corp TSE:8439	Add
CN	J	Jiangsu Financial Leasing Co Ltd SSE:600901	Add

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ID		Amman Mineral Internasional Tbk PT IDX:AMMN	Add
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CH	G	Galderma Group AG SIX:GALD	Add
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LU		Tenaris SA MIL:TEN	Add

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EFN

vs

S&P TSX Composite Index (Canada)

Stocks Performance
EFN vs S&P TSX Composite Index (Canada)

Performance Gap
EFN vs S&P TSX Composite Index (Canada)

Performance By Year
EFN vs S&P TSX Composite Index (Canada)

Competitors Performance
Element Fleet Management Corp vs Peers

Element Fleet Management Corp
Glance View

Company

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EFN vs S&P TSX Composite Index (Canada)

Stocks Performance EFN vs S&P TSX Composite Index (Canada)

Performance Gap EFN vs S&P TSX Composite Index (Canada)

Performance By Year EFN vs S&P TSX Composite Index (Canada)

Competitors Performance Element Fleet Management Corp vs Peers

Element Fleet Management Corp Glance View

Company

Help

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Stocks

EFN

vs

S&P TSX Composite Index (Canada)

Stocks Performance
EFN vs S&P TSX Composite Index (Canada)

Performance Gap
EFN vs S&P TSX Composite Index (Canada)

Performance By Year
EFN vs S&P TSX Composite Index (Canada)

Competitors Performance
Element Fleet Management Corp vs Peers

Element Fleet Management Corp
Glance View