Projected Income Statement: IGM Financial Inc.

Forecast Balance Sheet: IGM Financial Inc.

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 - - - 1,651 1,291 855 464 89
Change - - - - -21.8% -33.77% -45.73% -80.82%
Announcement Date 2/10/22 2/9/23 2/15/24 2/6/25 2/12/26 - - -
1CAD in Million
Estimates

Cash Flow Forecast: IGM Financial Inc.

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 10.64 37.67 28.76 31.28 49.05 50 52 53
Change - 253.96% -23.65% 8.75% 56.82% 1.93% 4% 1.92%
Free Cash Flow (FCF) 1 932.9 775.3 808.5 1,122 985.9 964.4 706.1 954
Change - -16.89% 4.28% 38.72% -12.09% -2.19% -26.78% 35.11%
Announcement Date 2/10/22 2/9/23 2/15/24 2/6/25 2/12/26 - - -
1CAD in Million
Estimates

Forecast Financial Ratios: IGM Financial Inc.

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 44.87% 42.46% 43.27% 42% - 44.86% 44.87% 43.92%
EBIT Margin (%) 39.76% 36.84% 33.73% 39.67% 41.18% 41.68% 42.02% 41.38%
EBT Margin (%) 36.76% 33.45% 35.26% 35.84% 38.04% 38.45% 38.66% 38.8%
Net margin (%) 28.39% 25.83% 35.4% 27.66% 29.07% 29.51% 29.77% 29.41%
FCF margin (%) 27.06% 23.09% 24.91% 33.23% 26.03% 23.94% 16.62% 22.36%
FCF / Net Income (%) 95.3% 89.4% 70.37% 120.14% 89.55% 81.13% 55.82% 76.04%

Profitability

        
ROA 5.81% 4.75% 4.39% 4.77% 5.07% 5.1% 5% 5.1%
ROE 16.4% 14% 12.9% 12.99% 13.2% 12.93% 13.17% 11.7%

Financial Health

        
Leverage (Debt/EBITDA) - - - 1.16x - 0.47x 0.24x 0.05x
Debt / Free cash flow - - - 1.47x 1.31x 0.89x 0.66x 0.09x

Capital Intensity

        
CAPEX / Current Assets (%) 0.31% 1.12% 0.89% 0.93% 1.3% 1.24% 1.22% 1.24%
CAPEX / EBITDA (%) 0.69% 2.64% 2.05% 2.21% - 2.77% 2.73% 2.83%
CAPEX / FCF (%) 1.14% 4.86% 3.56% 2.79% 4.98% 5.18% 7.36% 5.56%

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 2.472 2.496 2.75
Change - 0% 0% 0% 0% 9.87% 0.97% 10.18%
Book Value Per Share 1 26.91 26.07 28.22 32.79 38.04 39.78 42.58 -
Change - -3.12% 8.25% 16.2% 16% 4.58% 7.04% -
EPS 1 4.08 3.63 4.82 3.93 4.64 5.102 5.49 5.36
Change - -11.03% 32.78% -18.46% 18.07% 9.96% 7.6% -2.37%
Nbr of stocks (in thousands) 239,646 237,668 238,132 238,039 235,696 233,327 233,327 233,327
Announcement Date 2/10/22 2/9/23 2/15/24 2/6/25 2/12/26 - - -
1CAD
Estimates
2026 *2027 *
P/E ratio 13.9x 12.9x
PBR 1.78x 1.66x
EV / Sales 4.31x 3.99x
Yield 3.5% 3.53%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
A
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
8
Last Close Price
70.69CAD
Average target price
69.75CAD
Spread / Average Target
-1.33%

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Equities
  3. IGM Stock
  4. Financials IGM Financial Inc.