NFI Group (NFI) Stock Overview
Manufactures and sells buses in North America, the United Kingdom, rest of Europe, and the Asia Pacific. More details
| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 4/6 |
| Past Performance | 2/6 |
| Financial Health | 3/6 |
| Dividends | 0/6 |
Rewards
Risk Analysis
NFI Community Fair Values
Create NarrativeSee what 31 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
NFI Group Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CA$24.98 |
| 52 Week High | CA$26.39 |
| 52 Week Low | CA$12.50 |
| Beta | 0.56 |
| 1 Month Change | 1.79% |
| 3 Month Change | 20.04% |
| 1 Year Change | 35.17% |
| 3 Year Change | 110.27% |
| 5 Year Change | -17.77% |
| Change since IPO | 233.07% |
Recent News & Updates
Narrative Update • Aug 04
NFI: Operational Turnaround And Deleveraging Actions Are Expected To Support Higher Margins
Analysts have lifted the NFI Group fair value estimate to CA$28.79 from CA$27.00, citing higher price targets across the Street and research that points to an operational turnaround, a modestly lower discount rate, and a slightly stronger profit margin profile alongside a steady forward P/E assumption. Analyst Commentary Recent Street research on NFI Group points to a cluster of higher price targets and supportive coverage, with several firms updating views in the first half of 2026.
Narrative Update • Jul 21
NFI: Turnaround And Deleveraging Plans Will Shape Profitability Outlook
The analyst price target for NFI Group has been revised from CA$17.00 to CA$25.64, with analysts citing an operational turnaround, improving profitability assumptions, and a higher forward P/E outlook as key reasons for the change. Analyst Commentary Recent Street research on NFI Group points to a shift in sentiment that highlights both the progress of the operational turnaround and the risks that still matter for shareholders.
Narrative Update • Jul 07
NFI: Turnaround Momentum Will Support Improving Margins And Earnings Quality
Analysts have lifted their CA$-denominated price target for NFI Group by roughly CA$2.45 to CA$29, reflecting updated views that factor in a higher fair value estimate, a lower discount rate, and revised assumptions for growth, margins, and future P/E levels following a series of recent target hikes across the Street. Analyst Commentary Recent research on NFI Group points to a clear shift in tone, with multiple bullish analysts revisiting their models and adjusting price targets as they reassess the company’s fair value and execution track record.Recent updates
Narrative Update • Aug 04
NFI: Operational Turnaround And Deleveraging Actions Are Expected To Support Higher Margins
Analysts have lifted the NFI Group fair value estimate to CA$28.79 from CA$27.00, citing higher price targets across the Street and research that points to an operational turnaround, a modestly lower discount rate, and a slightly stronger profit margin profile alongside a steady forward P/E assumption. Analyst Commentary Recent Street research on NFI Group points to a cluster of higher price targets and supportive coverage, with several firms updating views in the first half of 2026.Narrative Update • Jul 21
NFI: Turnaround And Deleveraging Plans Will Shape Profitability Outlook
The analyst price target for NFI Group has been revised from CA$17.00 to CA$25.64, with analysts citing an operational turnaround, improving profitability assumptions, and a higher forward P/E outlook as key reasons for the change. Analyst Commentary Recent Street research on NFI Group points to a shift in sentiment that highlights both the progress of the operational turnaround and the risks that still matter for shareholders.Narrative Update • Jul 07
NFI: Turnaround Momentum Will Support Improving Margins And Earnings Quality
Analysts have lifted their CA$-denominated price target for NFI Group by roughly CA$2.45 to CA$29, reflecting updated views that factor in a higher fair value estimate, a lower discount rate, and revised assumptions for growth, margins, and future P/E levels following a series of recent target hikes across the Street. Analyst Commentary Recent research on NFI Group points to a clear shift in tone, with multiple bullish analysts revisiting their models and adjusting price targets as they reassess the company’s fair value and execution track record.Narrative Update • Jun 23
NFI: Operational Turnaround Will Drive Further Profitability Improvements And Margin Expansion
Analysts have nudged their average price target on NFI Group higher by CA$0.50 to CA$29.00, citing the company’s operational turnaround and expectations for further profitability improvements. Analyst Commentary Recent research on NFI Group points to a reassessment of the company’s positioning as it moves through its operational turnaround, with several firms updating coverage and price targets aligned with a CA$29.00 level.Narrative Update • Jun 05
NFI: Operational Turnaround And Bus Orders Will Support Future Margin Expansion
Narrative Update The analyst price target for NFI Group has been revised from CA$21.94 to CA$27.00. Analysts highlight an operational turnaround, improving profitability and a series of recent target increases across several firms as the key drivers behind this change.Narrative Update • Jan 27
NFI: New Leadership And Guidance Reset Will Support Future Margin Expansion
Analysts have adjusted their price target for NFI Group from $20.84 to $21.94, citing updated assumptions around fair value, discount rate, revenue growth, profit margin, and future P/E. What's in the News NFI Group’s Board appointed John Sapp as Chief Executive Officer, effective January 1, 2026, following a global search led by the Board’s Human Resources, Compensation and Governance committee (Key Developments).Analysis Article • Jan 13
Further Upside For NFI Group Inc. (TSE:NFI) Shares Could Introduce Price Risks After 25% Bounce
NFI Group Inc. ( TSE:NFI ) shareholders would be excited to see that the share price has had a great month, posting a...Narrative Update • Jan 09
NFI: Leadership Transition And Supply Chain Securing Will Support Future Margin Expansion
Analysts have made a small upward adjustment to their price target for NFI Group to approximately $20.84 from about $20.79. This reflects updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E multiples.Narrative Update • Dec 23
NFI: Transit Demand Tailwinds Will Drive Margin Expansion And Zero Emission Recovery
Analysts have trimmed their average price target on NFI Group to about C$21 from roughly C$23, reflecting modestly lower growth expectations but still supportive views on improving margins and the company’s long term earnings power. Analyst Commentary Analysts remain broadly constructive on NFI Group despite the modest reset in price targets, with consensus still anchored in the view that the company can execute on its margin expansion and backlog conversion plans.Narrative Update • Dec 09
NFI: Transit Demand Tailwinds Will Support Future Recovery In Zero Emission Deliveries
NFI Group's analyst price target has been trimmed slightly to about C$20.40 from C$20.76, as analysts modestly adjust fair value assumptions while maintaining a generally constructive outlook on the company. Analyst Commentary Recent Street research reflects modestly reduced price targets for NFI Group, clustering in the C$20 to C$22 range, while ratings remain skewed toward Outperform.Narrative Update • Nov 25
NFI: Recovery in Transit Demand Will Drive Revenue Upside Ahead
The average analyst price target for NFI Group has been revised downward from approximately C$21.54 to C$20.76. This reflects recent adjustments as analysts cite lower profit margin estimates and moderated fair value projections, despite continued revenue growth expectations.Narrative Update • Nov 10
NFI: Order Backlog and Transit Market Recovery Will Drive Upside
Analysts have lowered their average price target for NFI Group from approximately C$22.35 to C$21.54. They cited more cautious forecasts for revenue growth and profitability.Narrative Update • Oct 27
Record Backlog And Industry Partnerships Will Drive Long-Term Market Expansion
The average analyst price target for NFI Group has been revised slightly lower from approximately $22.42 to $22.35. This change reflects recent analyst adjustments in response to updated company forecasts and market conditions.Narrative Update • Oct 13
Record Backlog And Government Funding Will Expand Bus Market
NFI Group's average analyst price target has decreased from C$23 to a range between C$20 and C$22. Analysts cite tempered expectations for revenue growth and profit margins in their latest updates.Narrative Update • Sep 29
Record Backlog And Government Funding Will Expand Bus Market
Analysts modestly lowered NFI Group’s price target to CA$22.58, reflecting near-term supply chain challenges despite expectations for earnings inflection in H2 2025 and positive demand and defense trends. Analyst Commentary Bullish analysts see an inflection point in earnings in H2 2025 as seat supplier issues are expected to ease.Analysis Article • Sep 15
NFI Group Inc. (TSE:NFI) Screens Well But There Might Be A Catch
NFI Group Inc.'s ( TSE:NFI ) price-to-sales (or "P/S") ratio of 0.5x may look like a pretty appealing investment...Analysis Article • Jun 21
Here's Why NFI Group (TSE:NFI) Has A Meaningful Debt Burden
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Analysis Article • May 10
A Piece Of The Puzzle Missing From NFI Group Inc.'s (TSE:NFI) 28% Share Price Climb
Despite an already strong run, NFI Group Inc. ( TSE:NFI ) shares have been powering on, with a gain of 28% in the last...
New Narrative • Apr 27
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.Analysis Article • Mar 15
Investors Still Aren't Entirely Convinced By NFI Group Inc.'s (TSE:NFI) Revenues Despite 35% Price Jump
Those holding NFI Group Inc. ( TSE:NFI ) shares would be relieved that the share price has rebounded 35% in the last...Analysis Article • Mar 11
NFI Group (TSE:NFI) Could Be At Risk Of Shrinking As A Company
To avoid investing in a business that's in decline, there's a few financial metrics that can provide early indications...Analysis Article • Jan 28
Sentiment Still Eluding NFI Group Inc. (TSE:NFI)
NFI Group Inc.'s ( TSE:NFI ) price-to-sales (or "P/S") ratio of 0.4x may look like a pretty appealing investment...Analysis Article • Dec 07
NFI Group Inc.'s (TSE:NFI) Intrinsic Value Is Potentially 77% Above Its Share Price
Key Insights Using the 2 Stage Free Cash Flow to Equity, NFI Group fair value estimate is CA$24.66 NFI Group's CA$13.94...Analysis Article • Oct 07
Investors Continue Waiting On Sidelines For NFI Group Inc. (TSE:NFI)
NFI Group Inc.'s ( TSE:NFI ) price-to-sales (or "P/S") ratio of 0.5x may look like a pretty appealing investment...Analysis Article • Jun 18
Does NFI Group (TSE:NFI) Have A Healthy Balance Sheet?
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Analysis Article • May 23
A Piece Of The Puzzle Missing From NFI Group Inc.'s (TSE:NFI) 41% Share Price Climb
NFI Group Inc. ( TSE:NFI ) shares have had a really impressive month, gaining 41% after a shaky period beforehand. The...Analysis Article • Mar 28
Investors Holding Back On NFI Group Inc. (TSE:NFI)
With a price-to-sales (or "P/S") ratio of 0.4x NFI Group Inc. ( TSE:NFI ) may be sending bullish signals at the moment...Analysis Article • Jan 19
Health Check: How Prudently Does NFI Group (TSE:NFI) Use Debt?
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Analysis Article • Dec 22
NFI Group Inc. (TSE:NFI) Screens Well But There Might Be A Catch
NFI Group Inc.'s ( TSE:NFI ) price-to-sales (or "P/S") ratio of 0.5x may look like a pretty appealing investment...Analysis Article • Sep 29
Is NFI Group (TSE:NFI) Using Debt Sensibly?
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Shareholder Returns
| NFI | CA Machinery | CA Market | |
|---|---|---|---|
| 7D | -1.0% | -6.1% | 2.4% |
| 1Y | 35.2% | 3.1% | 31.4% |
Return vs Industry: NFI exceeded the Canadian Machinery industry which returned 3.1% over the past year.
Return vs Market: NFI exceeded the Canadian Market which returned 31.4% over the past year.
Price Volatility
| NFI volatility | |
|---|---|
| NFI Average Weekly Movement | 4.6% |
| Machinery Industry Average Movement | 9.4% |
| Market Average Movement | 9.7% |
| 10% most volatile stocks in CA Market | 16.2% |
| 10% least volatile stocks in CA Market | 3.7% |
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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1895 | 9,000 | John Sapp | www.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
| NFI fundamental statistics | |
|---|---|
| Market cap | CA$2.98b |
| Earnings (TTM) | CA$75.35m |
| Revenue (TTM) | CA$5.27b |
39.5x
P/E Ratio0.6x
P/S RatioIs NFI overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| NFI income statement (TTM) | |
|---|---|
| Revenue | US$3.78b |
| Cost of Revenue | US$3.43b |
| Gross Profit | US$345.92m |
| Other Expenses | US$291.87m |
| Earnings | US$54.05m |
Last Reported Earnings
Jun 28, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.45 |
| Gross Margin | 9.16% |
| Net Profit Margin | 1.43% |
| Debt/Equity Ratio | 173.9% |
How did NFI perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/08/10 17:08 |
| End of Day Share Price | 2026/08/07 00:00 |
| Earnings | 2026/06/28 |
| Annual Earnings | 2025/12/28 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Christopher Murray | ATB Cormark |
| Sarah Hughes | ATB Cormark Historical (Cormark Securities) |
| John Gibson | BMO Capital Markets Equity Research |