Stock IGM IGM FINANCIAL INC.
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Financials IGM Financial Inc.

Equities

IGM

CA4495861060

Investment Management & Fund Operators

Market Closed - Toronto S.E.
Other stock markets
 16:00:00 2024-04-26 EDT 		5-day change 1st Jan Change
34.16 CAD +1.27% Intraday chart for IGM Financial Inc. +1.67% -2.43%
04-11 CapIntel Renews Partnership with IG Wealth Management MT
04-03 IGM Financial Says March 2024 Assets Under Management & Advertisement Rose from February MT

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 8,883 8,224 10,933 8,984 8,337 8,123 - -
Enterprise Value (EV) 1 8,883 9,552 10,933 8,984 8,337 8,123 8,123 8,123
P/E ratio 11.9 x 10.8 x 11.2 x 10.4 x 7.26 x 9.4 x 8.56 x 10.2 x
Yield 6.04% 6.52% 4.93% 5.95% 6.43% 6.59% 6.59% 6.59%
Capitalization / Revenue 2.75 x 2.73 x 3.17 x 2.68 x 2.57 x 2.46 x 2.34 x 2.76 x
EV / Revenue 2.75 x 2.73 x 3.17 x 2.68 x 2.57 x 2.46 x 2.34 x 2.76 x
EV / EBITDA 6.87 x 6.71 x 7.07 x 6.3 x 5.94 x 5.71 x 5.39 x 7.65 x
EV / FCF 12.8 x 11.8 x 11.7 x 11.6 x 10.3 x 9.54 x 10.1 x 17.7 x
FCF Yield 7.8% 8.48% 8.53% 8.63% 9.7% 10.5% 9.94% 5.65%
Price to Book 1.97 x - 1.7 x 1.45 x 1.24 x 1.15 x 1.11 x -
Nbr of stocks (in thousands) 238,290 238,308 239,646 237,668 238,132 237,797 - -
Reference price 2 37.28 34.51 45.62 37.80 35.01 34.16 34.16 34.16
Announcement Date 20-02-14 21-02-11 22-02-10 23-02-09 24-02-15 - - -
1CAD in Million2CAD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 3,233 3,018 3,448 3,357 3,245 3,305 3,474 2,947
EBITDA 1 1,294 1,226 1,547 1,426 1,404 1,422 1,506 1,062
EBIT 1 1,094 1,074 1,371 1,237 1,095 1,247 1,345 984
Operating Margin 33.85% 35.59% 39.76% 36.84% 33.73% 37.72% 38.72% 33.39%
Earnings before Tax (EBT) 1 968.7 965.4 1,268 1,123 1,144 1,104 1,174 858
Net income 1 746.7 764.4 978.9 867.2 1,149 853.7 939.2 765
Net margin 23.1% 25.33% 28.39% 25.83% 35.4% 25.83% 27.04% 25.96%
EPS 2 3.120 3.210 4.080 3.630 4.820 3.632 3.992 3.340
Free Cash Flow 1 693.3 697.6 932.9 775.3 808.5 851.4 807.8 459
FCF margin 21.45% 23.12% 27.06% 23.09% 24.91% 25.76% 23.25% 15.58%
FCF Conversion (EBITDA) 53.57% 56.88% 60.31% 54.39% 57.58% 59.89% 53.65% 43.22%
FCF Conversion (Net income) 92.84% 91.26% 95.3% 89.4% 70.37% 99.74% 86% 60%
Dividend per Share 2 2.250 2.250 2.250 2.250 2.250 2.250 2.250 2.250
Announcement Date 20-02-14 21-02-11 22-02-10 23-02-09 24-02-15 - - -
1CAD in Million2CAD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 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
Net sales 1 891 912.7 857.2 824.7 827.3 848 934 777.8 770.9 768.8 819.4 793.7 817.8 827.5 829.2
EBITDA 1 422.3 411.8 360 343.5 356 366.1 344.3 351.8 362.3 345.8 346.3 364 382.2 381 382.6
EBIT 1 378.6 366.6 312.1 199 309.5 319 291.7 208.7 304.3 290 298.7 304.1 328.9 319.2 307.9
Operating Margin 42.49% 40.17% 36.4% 24.13% 37.41% 37.62% 31.23% 26.84% 39.48% 37.72% 36.46% 38.31% 40.21% 38.58% 37.13%
Earnings before Tax (EBT) 1 350 - - - 280.9 290.3 442.7 172.5 271.8 257.5 262.6 272.2 296.6 286.9 276.3
Net income 1 270.8 268.5 219.3 207.1 216.1 224.7 381.3 138.2 209.8 419.6 207.9 216.4 235.2 228.6 220.7
Net margin 30.4% 29.42% 25.58% 25.11% 26.12% 26.5% 40.83% 17.77% 27.22% 54.58% 25.37% 27.27% 28.76% 27.62% 26.62%
EPS 2 1.130 1.110 0.9100 0.8700 0.9100 0.9400 1.600 0.5800 0.8800 1.760 0.8750 0.9000 0.9500 0.9500 0.9500
Dividend per Share 2 0.5625 0.5625 0.5625 0.5625 0.5625 0.5625 0.5625 0.5625 0.5625 0.5625 0.5600 - - - -
Announcement Date 21-11-04 22-02-10 22-05-05 22-08-04 22-11-03 23-02-09 23-05-03 23-08-02 23-11-01 24-02-15 - - - - -
1CAD in Million2CAD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - 1,328 - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - 1.083 x - - - - - -
Free Cash Flow 1 693 698 933 775 809 851 808 459
ROE (net income / shareholders' equity) 16.9% 16.1% 16.4% 14% 12.9% 12.8% 13.4% 11.3%
ROA (Net income/ Total Assets) 4.82% 4.86% 5.81% 4.75% 4.39% 4.2% 4.4% 3.8%
Assets 1 15,500 15,727 16,862 18,267 26,178 20,325 21,347 20,132
Book Value Per Share 2 18.90 - 26.90 26.10 28.20 29.70 30.80 -
Cash Flow per Share 2 2.980 - - - 3.510 3.070 3.380 2.280
Capex 1 18.8 39 10.6 37.7 28.8 69.1 76.6 63.9
Capex / Sales 0.58% 1.29% 0.31% 1.12% 0.89% 2.09% 2.2% 2.17%
Announcement Date 20-02-14 21-02-11 22-02-10 23-02-09 24-02-15 - - -
1CAD in Million2CAD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for IGM Financial Inc.

Trading Rating
Investor Rating
ESG Refinitiv
A-
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
8
Last Close Price
34.16 CAD
Average target price
41.38 CAD
Spread / Average Target
+21.12%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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