Financials IGM Financial Inc.

Equities

IGM

CA4495861060

Investment Management & Fund Operators

Delayed Toronto S.E. Other stock markets 14:09:47 2025-07-08 EDT			5-day change	1st Jan Change
42.60 ^CAD	+0.26%		-0.88%	-7.21%

07-04	IGM Financial reports assets of $283.9 bln at June 30	RE
07-04	IGM Financial Reports 'Record High' June Assets Under Management	MT

Projected Income Statement: IGM Financial Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	3,018	3,448	3,357	3,245	3,375	3,655	3,846	3,683
Change	-	14.25%	-2.63%	-3.33%	4.01%	8.29%	5.22%	-4.24%
EBITDA ¹	1,226	1,547	1,426	1,404	1,418	1,590	1,673	1,500
Change	-	26.14%	-7.85%	-1.5%	0.95%	12.17%	5.19%	-10.34%
EBIT ¹	1,074	1,371	1,237	1,095	1,339	1,441	1,544	1,388
Change	-	27.64%	-9.79%	-11.48%	22.31%	7.65%	7.13%	-10.14%
Interest Paid ¹	-110.6	-113.9	-113.8	-123.2	-129.4	-129.4	-130	-136.9
Earnings before Tax (EBT) ¹	965.4	1,268	1,123	1,144	1,210	1,315	1,410	1,251
Change	-	31.31%	-11.42%	1.92%	5.69%	8.74%	7.16%	-11.27%
Net income ¹	764.4	978.9	867.2	1,149	933.5	999.8	1,081	905
Change	-	28.07%	-11.41%	32.48%	-18.75%	7.1%	8.12%	-16.29%
Announcement Date	2/11/21	2/10/22	2/9/23	2/15/24	2/6/25	-	-	-

¹CAD in Million

Estimates

Fiscal Period: December	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4
Net sales ¹	775.5	790.6	812.8	800.5	843.9	891	912.7	857.2	824.7	827.3	848	934	777.8	770.9	768.8	811.7	816.3	853.2	894.3	875.8	921	952.5	965	991	1,006	-	-
Change	-	1.95%	2.81%	-1.52%	5.42%	5.58%	2.44%	-6.08%	-3.79%	0.31%	2.5%	10.15%	-16.73%	-0.89%	-0.26%	5.57%	0.57%	4.51%	4.82%	-2.07%	5.16%	3.42%	1.31%	2.69%	1.51%	-	-
EBITDA ¹	292	336.3	326.4	333.2	379.7	422.3	411.8	360	343.5	356	366.1	344.3	351.8	362.3	345.8	374.5	333.3	368.1	374.9	393.6	394.5	416.4	413.9	397.7	413.3	435.7	425.9
Change	-	15.17%	-2.94%	2.08%	13.96%	11.22%	-2.49%	-12.58%	-4.58%	3.64%	2.84%	-5.95%	2.18%	2.98%	-4.55%	8.3%	-11%	10.44%	1.85%	4.99%	0.23%	5.53%	-0.59%	-3.91%	3.92%	5.42%	-2.25%
EBIT ¹	258.9	-	286.3	290.2	335.6	378.6	366.6	312.1	199	309.5	319	291.7	208.7	304.3	290	324.4	312.7	343.5	358.3	331.8	334	354.3	357	345	358	-	-
Change	-	-	-	1.34%	15.66%	12.81%	-3.16%	-14.89%	-36.22%	55.52%	3.07%	-8.57%	-28.43%	45.78%	-4.7%	11.85%	-3.59%	9.84%	4.32%	-7.4%	0.64%	6.08%	0.77%	-3.36%	3.77%	-	-
Charge d'intérêts ¹	-27.47	-27.91	-27.91	-28.12	-28.5	-28.64	-28.68	-28.13	-28.39	-28.59	-28.66	-28.06	-30.12	-32.52	-32.54	-32.25	-32.23	-32.44	-32.46	-31.97	-32.06	-32.36	-32.33	-32	-32	-	-
Earnings before Tax (EBT) ¹	231.4	235.3	289.8	262	307.1	350	-	-	-	280.9	290.3	442.7	172.5	271.8	257.5	292.1	280.5	311.1	325.9	305	300.4	325.5	332	-	-	-	-
Change	-	1.68%	23.14%	-9.57%	17.2%	13.96%	-	-	-	-	3.35%	52.49%	-61.04%	57.58%	-5.27%	13.46%	-3.97%	10.9%	4.76%	-6.4%	-1.54%	8.39%	1.98%	-	-	-	-
Net income ¹	183.5	190.9	229.1	202.2	237.4	270.8	268.5	219.3	207.1	216.1	224.7	381.3	138.2	209.8	419.6	223.4	216.2	239.2	254.8	233.8	244.5	259	252.5	239	249	-	-
Change	-	4.02%	19.99%	-11.74%	17.41%	14.09%	-0.86%	-18.33%	-5.57%	4.36%	3.97%	69.71%	-63.76%	51.81%	100%	-46.76%	-3.22%	10.64%	6.51%	-8.24%	4.59%	5.93%	-2.51%	-5.35%	4.18%	-	-
Announcement Date	8/6/20	11/5/20	2/11/21	5/6/21	8/4/21	11/4/21	2/10/22	5/5/22	8/4/22	11/3/22	2/9/23	5/3/23	8/2/23	11/1/23	2/15/24	5/2/24	8/7/24	11/7/24	2/6/25	5/8/25	-	-	-	-	-	-	-

¹CAD in Million

Estimates

Forecast Balance Sheet: IGM Financial Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	1,328	-	-	-	1,651	1,875	1,765	1,962
Change	-	-	-	-	-	13.6%	-5.87%	11.16%
Announcement Date	2/11/21	2/10/22	2/9/23	2/15/24	2/6/25	-	-	-

¹CAD in Million

Estimates

Cash Flow Forecast: IGM Financial Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	38.99	10.64	37.67	28.76	31.28	36.46	48.68	40.51
Change	-	-72.7%	253.96%	-23.65%	8.75%	16.56%	33.5%	-16.77%
Free Cash Flow (FCF) ¹	697.6	932.9	775.3	808.5	1,122	957.2	1,014	481.3
Change	-	33.73%	-16.89%	4.28%	38.72%	-14.65%	5.98%	-52.55%
Announcement Date	2/11/21	2/10/22	2/9/23	2/15/24	2/6/25	-	-	-

¹CAD in Million

Estimates

Forecast Financial Ratios: IGM Financial Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	40.64%	44.87%	42.46%	43.27%	42%	43.5%	43.49%	40.72%
EBIT Margin (%)	35.59%	39.76%	36.84%	33.73%	39.67%	39.43%	40.15%	37.68%
EBT Margin (%)	31.99%	36.76%	33.45%	35.26%	35.84%	35.98%	36.65%	33.96%
Net margin (%)	25.33%	28.39%	25.83%	35.4%	27.66%	27.35%	28.11%	24.57%
FCF margin (%)	23.12%	27.06%	23.09%	24.91%	33.23%	26.19%	26.38%	13.07%
FCF / Net Income (%)	91.26%	95.3%	89.4%	70.37%	120.14%	95.74%	93.84%	53.19%
Profitability
ROA	4.86%	5.81%	4.75%	4.39%	4.77%	5%	5.1%	4.2%
ROE	16.1%	16.4%	14%	12.9%	12.99%	13.17%	13.2%	11.3%
Financial Health
Leverage (Debt/EBITDA)	1.08x	-	-	-	1.16x	1.18x	1.06x	1.31x
Debt / Free cash flow	1.9x	-	-	-	1.47x	1.96x	1.74x	4.08x
Capital Intensity
CAPEX / Current Assets (%)	1.29%	0.31%	1.12%	0.89%	0.93%	1%	1.27%	1.1%
CAPEX / EBITDA (%)	3.18%	0.69%	2.64%	2.05%	2.21%	2.29%	2.91%	2.7%
CAPEX / FCF (%)	5.59%	1.14%	4.86%	3.56%	2.79%	3.81%	4.8%	8.42%
Items per share
Cash flow per share ¹	-	-	-	3.512	-	-	-	-
Change	-	-	-	-	-	-	-	-
Dividend per Share ¹	2.25	2.25	2.25	2.25	2.25	2.25	2.25	2.25
Change	-	0%	0%	0%	0%	0%	0%	0%
Book Value Per Share ¹	-	26.91	26.07	28.22	32.79	35.07	37.26	-
Change	-	-	-3.12%	8.25%	16.2%	6.94%	6.23%	-
EPS ¹	3.21	4.08	3.63	4.82	3.93	4.213	4.57	3.8
Change	-	27.1%	-11.03%	32.78%	-18.46%	7.21%	8.47%	-16.85%
Nbr of stocks (in thousands)	238,308	239,646	237,668	238,132	238,039	236,318	236,318	236,318
Announcement Date	2/11/21	2/10/22	2/9/23	2/15/24	2/6/25	-	-	-