Investment Q&A

• Toronto-Dominion Bank (The) (TD $130.33)
  • $130.33 P/E (TTM): 11.22X Cap: $222.49B
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• Canadian Natural Resources Limited (CNQ $58.35)
  • $58.35 P/E (TTM): 18.3X Cap: $121.54B
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• Sun Life Financial Inc. (SLF $88.96)
  • $88.96 P/E (TTM): 22.12X Cap: $49.27B
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• Fortis Inc. (FTS $77.85)
  • $77.85 P/E (TTM): 22.42X Cap: $39.50B
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• BMO Equal Weight REITs Index ETF (ZRE $23.40)
  • $23.40 P/E (TTM): 24.02X Cap: $611M
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Q: What are your top dividend paying recommendations for a long term hold?

And how does SouthBow compare to them?

Upvote 8

Read Answer Asked by Simon on April 09, 2025

• Paramount Resources Ltd. Class A Common Shares (POU $25.98)
  • $25.98 P/E (TTM): 2.8X Cap: $3.72B
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Q: I would like to add to my position for income.
How safe is the monthly dividend after the recent large dividend and return of capital?
Please advise.
Thank you!
Albert

Upvote 1

Read Answer Asked by ALBERT on April 09, 2025

Q: Hi 5ireaearch
What do you think of seeing the ten year American treasuries hitting 4.5%?
Thank you for the excellent service during this time!

Upvote 3

Read Answer Asked by Ahmed on April 09, 2025

• Apple CDR (CAD Hedged) (AAPL $38.79)
  • $38.79 P/E (TTM): 35.47X Cap: $5.47T
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Q: Further to the last question you answered in APPL.

Would you consider APPL a buy at this price ?

Upvote 1

Read Answer Asked by HARRY on April 09, 2025

• Apple Inc. (AAPL $272.14)
  • $272.14 P/E (TTM): 33.69X Cap: $3.99T
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Q: Apple is right in the middle of the tariff wars from many angles and moving manufacturing the US would be costly. I’ve always considered it but and hold stock. Given its significant declines, along with the other mag 7, would you consider it a hold or with high risk time to sell?

Upvote 6

Read Answer Asked by Gerry on April 09, 2025

• Goldman Sachs Group Inc. (The) (GS $902.27)
  • $902.27 P/E (TTM): 18.13X Cap: $270.61B
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Q: Hello, Can you please let me know the historic average PE for Goldman. I see its trading just over 9x earnings and would like to compare that to the avg. thanks

Upvote 1

Read Answer Asked by David on April 09, 2025

• BMO US Put Write ETF (ZPW $15.32)
  • $15.32 P/E (TTM): 26.8X Cap: $89M
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• Purpose Premium Yield Fund (PYF $16.57)
  • $16.57 P/E (TTM): 25.75X Cap: $396M
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• Hamilton Enhanced Canadian Covered Call ETF (HDIV $21.98)
  • $21.98 P/E (TTM): 17.11X Cap: $1.37B
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• Hamilton Enhanced U.S. Covered Call ETF (HYLD $14.26)
  • $14.26 P/E (TTM): 28.25X Cap: $991M
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• Hamilton Canadian Financials YIELD MAXIMIZER TM ETF (HMAX $16.28)
  • $16.28 P/E (TTM): 14.15X Cap: $2.05B
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Q: Given the current volatile market, option selling etfs seems to offer some tax efficient income while waiting for things to cool down somewhat. What is your opinion on investing in these vehicles? What is the risk / reward equation in an uncertain market. Is there one that you would prefer if you were considering for your income portfolio. Thanks

Upvote 7

Read Answer Asked by mitchell on April 09, 2025

• VerticalScope Holdings Inc. Subordinate Voting Shares (FORA $2.56)
  • $2.56 Cap: $56M
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Q: VerticalScope lowered their 2025 expected results last night. Is this significant enough to change your view about the stock? Is it worth holding?

Upvote 2

Read Answer Asked by Dan on April 09, 2025

• Brookfield Corporation Class A Limited Voting Shares (BN $61.66)
  • $61.66 P/E (TTM): 88.8X Cap: $138.44B
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Q: How will BN be affected by tariffs?

Is it a good buy at these levels..

If the trade war calms down….. which companies will gain the most.

Upvote 9

Read Answer Asked by HARRY on April 09, 2025

Q: Someone asked a question about T1135s and ETFs and your response was that if the fund is domiciled in Canada a T1135 wasn't required. Could you publish a list of which funds are and aren't? This would be helpful in selecting which ones to avoid if you want to reduce your tax paperwork.

Upvote 3

Read Answer Asked by Robert on April 08, 2025

• Vanguard FTSE Developed All Cap ex North America Index ETF (VIU $47.87)
  • $47.87 P/E (TTM): 23.36X Cap: $9.38B
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• Vanguard FTSE Europe ETF (VGK $89.73)
  • $89.73 P/E (TTM): 9.3X Cap: $29.26B
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• Vanguard Total International Stock (VXUS $83.42)
  • $83.42 P/E (TTM): 11.91X Cap: $120.89B
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• iShares MSCI Japan ETF (EWJ $91.23)
  • $91.23 P/E (TTM): 38.8X Cap: $18.48B
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• iShares MSCI Emerging Markets ex China ETF (EMXC $87.10)
  • $87.10 P/E (TTM): 6.3X Cap: $17.53B
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Q: With the current downturn in the market, could you please recommend 5 global ETFs (not US based equities) and rank them from 1st to 5th.

Upvote 6

Read Answer Asked by Don on April 08, 2025

• KKR & Co. Inc. (KKR $95.72)
  • $95.72 P/E (TTM): 39.06X Cap: $85.32B
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• Blackstone Inc. (BX $116.41)
  • $116.41 P/E (TTM): 32.58X Cap: $85.96B
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• Apollo Global Management Inc. (APO $114.13)
  • $114.13 P/E (TTM): 16.58X Cap: $66.24B
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• Ares Management Corporation Class A (ARES $117.16)
  • $117.16 P/E (TTM): 49.3X Cap: $37.44B
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• Brookfield Corporation Class A Limited Voting Shares (BN $61.66)
  • $61.66 P/E (TTM): 88.8X Cap: $138.44B
  • View BN Profile
  • View Questions on BN

Q: Hello 5i Team,

I have read your previous responses on Alternative Asset Management providers and particularly your thoughts on BN.

The above list of companies are likely to fall significantly in this down market and I was wondering at what prices would you buy and which are your favorites now.

Cheers and thank you in advance.

PK

Upvote 11

Read Answer Asked by Peter on April 08, 2025

Q: I'm sure many companies have done share buybacks recently . Can you recommend a website that tracks share buybacks for Canadian and US listed companies. ... especially Canadian oil & gas companies.
Thanks DAN

Upvote 4

Read Answer Asked by Daniel on April 08, 2025

• Cumberland Pharmaceuticals Inc. (CPIX $3.92)
  • $3.92 Cap: $58M
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Q: Please give your opinion on CPIX. Lots of inside buying. Thanks for your analysis.

Upvote 2

Read Answer Asked by Ian on April 08, 2025

• Alcoa Corporation (AA $61.41)
  • $61.41 P/E (TTM): 12.59X Cap: $15.90B
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• Caterpillar Inc. (CAT $768.23)
  • $768.23 P/E (TTM): 40.22X Cap: $357.44B
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• Eaton Corporation PLC (ETN $374.56)
  • $374.56 P/E (TTM): 36.2X Cap: $145.47B
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• Lockheed Martin Corporation (LMT $664.43)
  • $664.43 P/E (TTM): 30.74X Cap: $152.87B
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• Parker-Hannifin Corporation (PH $1,023.02)
  • $1,023.02 P/E (TTM): 36.8X Cap: $129.12B
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• Eagle Materials Inc (EXP $231.69)
  • $231.69 P/E (TTM): 17.05X Cap: $7.28B
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• Trane Technologies plc (TT $463.73)
  • $463.73 P/E (TTM): 35.43X Cap: $102.63B
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• RTX Corporation (RTX $198.46)
  • $198.46 P/E (TTM): 40.71X Cap: $266.39B
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Q: Hypothetically, if a gradual increase in US manufacturing does occur, are there any names poised to outperform?

Upvote 3

Read Answer Asked by Andrew on April 08, 2025

Q: Which would you prefer HPS.A, TVK or VHI from a growth perspective?

Thanks for your service?

Upvote 10

Read Answer Asked by Ozzie on April 08, 2025

• Thermo Fisher Scientific Inc (TMO $515.60)
  • $515.60 P/E (TTM): 29.83X Cap: $193.71B
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• Waters Corporation (WAT $326.30)
  • $326.30 P/E (TTM): 30.13X Cap: $32.01B
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• IDEXX Laboratories Inc. (IDXX $649.23)
  • $649.23 P/E (TTM): 49.42X Cap: $51.69B
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Q: Good Morning Peter, Ryan, and Team.
I would like your opinion of TMO at today's price ??
Thank you for your expert analysis. DL

Upvote 4

Read Answer Asked by Dennis on April 08, 2025

• GFL Environmental Inc. subordinate voting shares (GFL $57.94)
  • $57.94 P/E (TTM): 5.93X Cap: $20.80B
  • View GFL Profile
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Q: Could you please provide a more detailed rationale for your latest addition to the Balanced Portfolio. GFL.

How is the current valuation and debt, compared to its competitors ?

Could you also explain the recent secondary offering by some of its institutional share holders and the shares buyback by the Co.

Although, stock dropped on Friday, alongside the market, but do you consider the Co to be a decent hedge during uncertain tariff times ?

What will 5i rating for the Co, if you were to provide one ?

Thank You

Upvote 2

Read Answer Asked by rajeev on April 08, 2025

• BMO S&P 500 Index ETF (ZSP $103.46)
  • $103.46 P/E (TTM): 25.89X Cap: $21.37B
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• BMO Equal Weight Banks Index ETF (ZEB $60.65)
  • $60.65 P/E (TTM): 15.25X Cap: $5.04B
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• iShares Core S&P/TSX Capped Composite Index ETF (XIC $54.28)
  • $54.28 P/E (TTM): 18.19X Cap: $26.78B
  • View XIC Profile
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• iShares S&P/TSX Capped Information Technology Index ETF (XIT $62.27)
  • $62.27 P/E (TTM): 57.34X Cap: $653M
  • View XIT Profile
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• iShares S&P/TSX Canadian Dividend Aristocrats Index ETF (CDZ $43.53)
  • $43.53 P/E (TTM): 15.96X Cap: $1.13B
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• Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY $66.53)
  • $66.53 P/E (TTM): 12.53X Cap: $6.50B
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• iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV $38.45)
  • $38.45 P/E (TTM): 12.05X Cap: $4.26B
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• BMO Nasdaq 100 Equity Index ETF (ZNQ $110.54)
  • $110.54 P/E (TTM): 29.51X Cap: $1.88B
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Q: Could you please provide your top 5 Canadian ETFS and top 3 dividend Canadian ETFs.  Rank the ETFs as well

Upvote 7

Read Answer Asked by Don on April 08, 2025

Q: Following up to Bens question on market multiples - does 5i have a website recommendation to reference current and archived multiples for respective NA Market index s ?

Upvote 3

Read Answer Asked by Brant on April 08, 2025