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NFI Group Inc.TSX:NFI Stock Report

Market Cap CA$2.2b
Share Price
CA$18.28
CA$21.94
16.7% undervalued intrinsic discount
1Y73.3%
7D-4.9%
Portfolio Value
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NFI Group Inc.

TSX:NFI Stock Report

Market Cap: CA$2.2b

NFI Group (NFI) Stock Overview

Manufactures and sells buses in North America, the United Kingdom, rest of Europe, and the Asia Pacific. More details

NFI fundamental analysis
Snowflake Score
Valuation6/6
Future Growth4/6
Past Performance0/6
Financial Health4/6
Dividends0/6

Rewards

Trading at 62.9% below our estimate of its fair value

Earnings are forecast to grow 83.24% per year

Trading at good value compared to peers and industry

Analysts in good agreement that stock price will rise by 29%

Risk Analysis

No risks detected for NFI from our risk checks.

NFI Community Fair Values

Create Narrative

See what 27 others think this stock is worth. Follow their fair value or set your own to get alerts.

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NFI Group

Record Backlog And Zero Emission Demand Will Drive Major Upside Ahead

Catalysts About NFI Group NFI Group is a global independent provider of buses and motor coaches, delivering propulsion agnostic mobility solutions and aftermarket support to public and private customers. What are the underlying business or industry changes driving this perspective?
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CA$26.66
FV
31.4% undervalued intrinsic discount
32
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NFI Group

Aging Fleets And Tariffs Will Shape Backlog Conversion And Future Profitability

Catalysts About NFI Group NFI Group is a global independent provider of buses and motor coaches for public and private mobility systems, offering vehicles with multiple propulsion types. What are the underlying business or industry changes driving this perspective?
View narrative
CA$17
FV
7.6% overvalued intrinsic discount
58
users have viewed this narrative
0users have liked this narrative
0users have commented on this narrative
0users have followed this narrative
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NFI Group Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for NFI Group
Historical stock prices
Current Share PriceCA$18.28
52 Week HighCA$19.90
52 Week LowCA$9.83
Beta0.51
1 Month Change10.99%
3 Month Change15.40%
1 Year Change73.27%
3 Year Change138.95%
5 Year Change-37.38%
Change since IPO143.73%

Recent News & Updates

Recent updates

Further Upside For NFI Group Inc. (TSE:NFI) Shares Could Introduce Price Risks After 25% Bounce

Jan 13
Further Upside For NFI Group Inc. (TSE:NFI) Shares Could Introduce Price Risks After 25% Bounce

NFI Group Inc. (TSE:NFI) Screens Well But There Might Be A Catch

Sep 15
NFI Group Inc. (TSE:NFI) Screens Well But There Might Be A Catch

Here's Why NFI Group (TSE:NFI) Has A Meaningful Debt Burden

Jun 21
Here's Why NFI Group (TSE:NFI) Has A Meaningful Debt Burden

A Piece Of The Puzzle Missing From NFI Group Inc.'s (TSE:NFI) 28% Share Price Climb

May 10
A Piece Of The Puzzle Missing From NFI Group Inc.'s (TSE:NFI) 28% Share Price Climb
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Record Backlog And Diverse Bus Models Will Drive Production Efficiency

Strong order backlog and propulsion-agnostic strategy position the company for revenue growth and market share capture across changing demand types.

Investors Still Aren't Entirely Convinced By NFI Group Inc.'s (TSE:NFI) Revenues Despite 35% Price Jump

Mar 15
Investors Still Aren't Entirely Convinced By NFI Group Inc.'s (TSE:NFI) Revenues Despite 35% Price Jump

NFI Group (TSE:NFI) Could Be At Risk Of Shrinking As A Company

Mar 11
NFI Group (TSE:NFI) Could Be At Risk Of Shrinking As A Company

Sentiment Still Eluding NFI Group Inc. (TSE:NFI)

Jan 28
Sentiment Still Eluding NFI Group Inc. (TSE:NFI)

NFI Group Inc.'s (TSE:NFI) Intrinsic Value Is Potentially 77% Above Its Share Price

Dec 07
NFI Group Inc.'s (TSE:NFI) Intrinsic Value Is Potentially 77% Above Its Share Price

Investors Continue Waiting On Sidelines For NFI Group Inc. (TSE:NFI)

Oct 07
Investors Continue Waiting On Sidelines For NFI Group Inc. (TSE:NFI)

Does NFI Group (TSE:NFI) Have A Healthy Balance Sheet?

Jun 18
Does NFI Group (TSE:NFI) Have A Healthy Balance Sheet?

A Piece Of The Puzzle Missing From NFI Group Inc.'s (TSE:NFI) 41% Share Price Climb

May 23
A Piece Of The Puzzle Missing From NFI Group Inc.'s (TSE:NFI) 41% Share Price Climb

Investors Holding Back On NFI Group Inc. (TSE:NFI)

Mar 28
Investors Holding Back On NFI Group Inc. (TSE:NFI)

Health Check: How Prudently Does NFI Group (TSE:NFI) Use Debt?

Jan 19
Health Check: How Prudently Does NFI Group (TSE:NFI) Use Debt?

NFI Group Inc. (TSE:NFI) Screens Well But There Might Be A Catch

Dec 22
NFI Group Inc. (TSE:NFI) Screens Well But There Might Be A Catch

Is NFI Group (TSE:NFI) Using Debt Sensibly?

Sep 29
Is NFI Group (TSE:NFI) Using Debt Sensibly?

NFI Group (TSE:NFI) Has Debt But No Earnings; Should You Worry?

Jan 05
NFI Group (TSE:NFI) Has Debt But No Earnings; Should You Worry?

NFI Group Inc. (TSE:NFI) Shares Could Be 49% Below Their Intrinsic Value Estimate

Nov 12
NFI Group Inc. (TSE:NFI) Shares Could Be 49% Below Their Intrinsic Value Estimate

Is NFI Group (TSE:NFI) A Risky Investment?

Sep 30
Is NFI Group (TSE:NFI) A Risky Investment?

Shareholder Returns

NFICA MachineryCA Market
7D-4.9%0.01%3.3%
1Y73.3%29.5%41.4%

Return vs Industry: NFI exceeded the Canadian Machinery industry which returned 29.5% over the past year.

Return vs Market: NFI exceeded the Canadian Market which returned 41.3% over the past year.

Price Volatility

Is NFI's price volatile compared to industry and market?
NFI volatility
NFI Average Weekly Movement5.1%
Machinery Industry Average Movement7.6%
Market Average Movement10.9%
10% most volatile stocks in CA Market19.3%
10% least volatile stocks in CA Market3.8%

Stable Share Price: NFI has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: NFI's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
18959,000John Sappwww.nfigroup.com

NFI Group Inc., together with its subsidiaries, manufactures and sells buses in North America, the United Kingdom, rest of Europe, and the Asia Pacific. It operates through Manufacturing Operations and Aftermarket Operations segments. The Manufacturing Operations segment designs, manufactures, services, and supports transit buses, motor coaches, medium-duty, and cutaway buses; the installation of infrastructure for electric vehicles; and the third-party sales of fiberglass reinforced polymer components.

NFI Group Inc. Fundamentals Summary

How do NFI Group's earnings and revenue compare to its market cap?
NFI fundamental statistics
Market capCA$2.18b
Earnings (TTM)-CA$198.21m
Revenue (TTM)CA$5.04b
0.4x
P/S Ratio
-11.0x
P/E Ratio

Is NFI overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
NFI income statement (TTM)
RevenueUS$3.61b
Cost of RevenueUS$3.34b
Gross ProfitUS$270.29m
Other ExpensesUS$412.41m
Earnings-US$142.12m

Last Reported Earnings

Dec 28, 2025

Next Earnings Date

n/a

Earnings per share (EPS)-1.19
Gross Margin7.48%
Net Profit Margin-3.93%
Debt/Equity Ratio196.3%

How did NFI perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/04/05 17:54
End of Day Share Price 2026/04/02 00:00
Earnings2025/12/28
Annual Earnings2025/12/28

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

NFI Group Inc. is covered by 10 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Christopher MurrayATB Cormark
Sarah HughesATB Cormark Historical (Cormark Securities)
John GibsonBMO Capital Markets Equity Research