Why Are DPW (NYSE:DPW) & Exchange Income (TSX:EIF) Industrial Stocks Trending?

November 25, 2020 12:00 AM EST | By Team Kalkine Media
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  • DPW stocks have zoomed over 1032 per cent since the coronavirus-led market meltdown. It generated a gross profit of US$ 1.9 million, up 94.7 per cent YoY.
  • DPW stock’s 10-day average trading volume is 32.85 million units.
  • Exchange Income Corporation stocks have swelled over 24 per cent in the last three months.
  • EIF made it to TMX’s top price performer stocklist, a list of stocks that have surpassed their peers on the TSXV and the TSX in the last 30 days.

Two industrial stocks DPW Holdings (NYSE: DPW or DPW: US) and Exchange Income Corporation’s (TSX: EIF) trended high in Canadian markets on Monday, November 23. DPW stock zoomed over 237 per cent hours after its power electronics business Coolisys® launched ACE Cool™ electric vehicle (EV) chargers. The chargers will be available at national and regional fast-food franchisees and offered under revenue-sharing plan.

With this EV charging infrastructure, DPW has joined an up and coming domain. According to leading research firm, over US$ 30 billion will need to be invested in the rollout of electric vehicle chargers by 2030. By that time, the EV charging stations market in the United States alone will be valued at US$ 15 billion.

Exchange Income Corporation stocks trended due to high volume after the company monthly cash dividend of C$ 0.19 per share for November (payable to stockholders by December 15, 2020).

To further analyze the performance of these two industrial stocks, we will take a closer look at their key market fundamentals and financial health.

DPW Holdings Inc (NYSE: DPW or DPW:US)

Current Stock Price: US$ 7.19

DPW Holdings Inc holds operating subsidiaries that operate in defense, aerospace, commercial, health, finance, and business-related lending. It manufactures and retails switching and steady power supplies with distribution equipment frequency converters.  Its major subsidiary Gresham Worldwide offers advanced customized military and trade applications.

The latest initiative ACE Cool™ will primarily aide the company’s latest capital raising options. The charger will be unveiled in California, Nevada, and Canada.

DPW Stock Performance

The stock has rocketed over 1032 per cent since the coronavirus-led market meltdown in March. The industrial stock has soared over 504 per cent year-to-date and swelled by nearly 585 per cent in the last six months. Its current market capitalization stands at US$ 118 million.

DPW’s profit-to-book (P/B) ratio is 35.95, and the price-to-cashflow (P/CF) ratio is 27.90. The company’s total debt-to-earnings ratio is 5.30. Its 10-day average trading stock volume is 32.85 million units, as per data on the TMX portal.

DPW Financial Highlights

The company’s revenue grew by 6.2 per cent year-over-year (YoY) in the third quarter ended September 30, 2020. It generated a gross profit of US$ 1.9 million, a rise of 94.7 per cent YoY.

The company managed to reduce its loss from continuing operations by 78.9 per cent year over year (YoY) to US$ 1.6 million in Q3 2020.

Exchange Income Corporation’s (TSX: EIF)

Current Stock Price: C$ 39.30

Exchange Income Corp acquires companies that operate in aerospace, aviation services, and equipment. Its manufacturing segment generates revenue from the sales of products and services in niche markets. The company serves its customers globally.

EIF Stock Performance

The transportation stock has surged by almost 49 per cent in the last six months and over 24 per cent in the last three months. The stock regained nearly 173 per cent since after plunging during the coronavirus-caused market crash. Its current market capitalization is C$ 1.385 billion.

Exchange Income has been ranked among TMX’s top industrial stocks that have the largest price gains across the TSX and TSXV in the last 30 days. The company made it to TMX’s top price performer stocks that have surpassed their peers and the markets (TSXV and TSX) in the last 30 days.

Its current price-to-book (P/B) ratio is 1.959, and the price-to-cashflow is 5.70. EIC stock delivers a positive return on equity at 5.68 per cent and a positive return on assets at 1.67 per cent, as per data on the TMX website. Its debt to equity ratio is 1.77, and its current earnings per share stand at C$ 1.17.

The industrial company holds a current dividend yield of 5.802 per cent. It pays a monthly dividend of C$ 0.19 per share. The dividend growth for five-year is 4.57 per cent.

EIF Financial Highlights

The company’s revenue was C$ 297.3 million in third quarter ended on September 30, 2020, a 16 per cent decline YoY. The consolidated EBITDA fell to C$ 83.23 million in Q3 2020, down 6 per cent from C$ 89 million in Q3 2020.

The manufacturing segment revenue surged by 43 per cent to C$ 37.7 million for the quarter, and EBITDA improved by C$ 14.7 million to C$ 27.2 million. Its subsidiaries within the manufacturing division were considered essential businesses during the coronavirus pandemic and continued their operations.

The company claimed to strengthen its balance sheet and reduce net debt. The company to remain one of the most reliable dividend stocks, stated Mike Pyle, CEO, EIF.  


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