Company Valuation: Intact Financial Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 28,951 34,159 36,353 46,683 50,755 43,574 - -
Change - 17.99% 6.42% 28.42% 8.72% -14.15% - -
Enterprise Value (EV) 1 31,904 34,159 40,263 50,219 53,816 45,587 45,587 45,587
Change - 7.07% 17.87% 24.73% 7.16% -15.29% 0% 0%
P/E 13.3x 14.5x 29.2x 21.2x 15.6x 14.7x 14.6x 14.1x
PBR 2x 2.43x 2.49x 2.82x 2.66x 2.1x 1.92x 1.76x
PEG - 1.7x -0.6x 0.3x 0.3x -1.71x 12.16x 4.27x
Capitalization / Revenue 1.78x 1.73x - 2.16x 2.2x 1.8x 1.7x 1.64x
EV / Revenue 1.96x 1.73x - 2.32x 2.33x 1.89x 1.78x 1.72x
EV / EBITDA - - - - - - - -
EV / EBIT 12x 12.8x - 29.7x 19.8x 14.9x 14.1x 10.7x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 3.4 4 4.4 4.84 5.32 5.88 6.398 6.867
Rate of return 2.07% 2.05% 2.16% 1.85% 1.86% 2.38% 2.59% 2.78%
EPS 2 12.4 13.46 6.99 12.36 18.35 16.77 16.97 17.53
Distribution rate 27.4% 29.7% 62.9% 39.2% 29% 35.1% 37.7% 39.2%
Net sales 1 16,238 19,792 - 21,658 23,056 24,165 25,571 26,528
EBITDA - - - - - - - -
EBIT 1 2,668 2,667 - 1,689 2,717 3,069 3,224 4,271
Net income 1 2,014 2,364 1,232 2,207 3,275 2,968 2,959 3,032
Net Debt 1 2,953 - 3,910 3,536 3,061 2,013 2,013 2,013
Reference price 2 164.42 194.91 203.86 261.73 285.73 247.09 247.09 247.09
Nbr of stocks (in thousands) 176,082 175,257 178,323 178,364 177,632 176,349 - -
Announcement Date 2/8/22 2/7/23 2/13/24 2/11/25 2/10/26 - - -
1CAD in Million2CAD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.29x - - 4.38% 122B
15.47x1.69x - 3.23% 91.69B
10.53x - - 1.34% 75.17B
5.97x - - 1.94% 56.57B
3.91x0.6x - 5.63% 48.31B
7.04x0.57x - 5.47% 44.96B
12.33x1.07x - 3.59% 43.65B
11.2x - - 2.59% 39.18B
10.54x0.8x - 3.09% 36.77B
Average 9.81x 0.95x 3.47% 62.06B
Weighted average by Cap. 10.38x 1.08x 3.46%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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  5. Valuation Intact Financial Corporation