Capital Intensity
Score how much of a company is physical plant, inventory, and equipment, whether that base is being maintained, and whether the shares have tangible backing.
Power Corporation Of Canada
Banks, insurers, and other financials hold few plants and little inventory, so a physical-asset screen is a poor fit. The ratios below are still the latest annual figures. EBITDA after capex covers debt service by 0.97x, which is below 1.
Fixed-asset turnover is 5.75x. Compare it with other names in the same basket.
Physical asset ratio
0.7%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
5.75x
Revenue per dollar of the physical asset base.
Capex / D&A
—
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
$33.58
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
2.79x
Price $93.54.
Fixed-charge coverage
0.97x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
7.3%
Latest free cash flow divided by current market cap ($56.88B).
ROIC
79.2%
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is 2.35x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2018 | -4.6% | 25.76x | 3.62x | $46.85 | 2.94x | $5.08B | 12.6% | 2.17x |
| 2019 | -4.1% | 15.95x | 1.26x | $46.63 | 2.32x | $5.76B | 11.4% | 1.17x |
| 2020 | -5.2% | 20.09x | 0.57x | $28.55 | 1.40x | $9.71B | 13.0% | 1.12x |
| 2021 | -4.6% | 18.88x | 0.73x | $33.97 | 6.21x | $10.49B | 13.1% | 1.44x |
| 2022 | -4.0% | -1.30x | 0.92x | $31.47 | 5.52x | $6.70B | 16.2% | 0.99x |
| 2023 | -3.1% | 9.14x | 1.41x | $30.08 | 0.89x | $4.76B | 30.7% | 1.37x |
| 2024 | 0.7% | 5.26x | — | $34.26 | 1.05x | $5.08B | 24.2% | 0.88x |
| 2025 | 0.7% | 5.75x | — | $33.58 | 0.97x | $4.16B | 79.2% | 2.35x |
- Inventory was missing and treated as zero in the physical asset ratio.
- Receivables are larger than the physical asset base, so a finance or credit book may sit outside the physical ratio and inside the debt used for coverage.
- Principal due is short-term debt, the amount reported as due within a year.
Latest year inputs (2025)
Net PP&E: $6.54B
Inventory: $0.00
Total assets: $925.74B
Goodwill: $14.66B
Intangibles: $8.68B
Liabilities: $880.69B
Tangible book: $21.71B
Shares: 646,400,000
Revenue: $37.65B
Capex: $625.00M
D&A: —
EBITDA: $6.08B
Interest: $804.00M
Short-term debt: $4.79B
Free cash flow: $4.16B
Operating income: $15.36B
Invested capital: $16.17B
Tax rate: 16.6%