IA FINANCIAL CORP INC (IAG.CA) Stock Fundamental Analysis

TSX:IAG • CA45075E1043

155.86 CAD
+2.1 (+1.37%)
Last: Feb 24, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

4

Taking everything into account, IAG scores 4 out of 10 in our fundamental rating. IAG was compared to 79 industry peers in the Insurance industry. Both the profitability and the financial health of IAG get a neutral evaluation. Nothing too spectacular is happening here. IAG has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

  • In the past year IAG was profitable.
  • IAG had a positive operating cash flow in the past year.
  • IAG had positive earnings in each of the past 5 years.
  • In the past 5 years IAG always reported a positive cash flow from operatings.
IAG.CA Yearly Net Income VS EBIT VS OCF VS FCFIAG.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B -1B 2B -2B

1.2 Ratios

  • IAG has a Return On Assets of 0.91%. This is in the better half of the industry: IAG outperforms 75.95% of its industry peers.
  • Looking at the Return On Equity, with a value of 13.13%, IAG is in the better half of the industry, outperforming 74.68% of the companies in the same industry.
Industry RankSector Rank
ROA 0.91%
ROE 13.13%
ROIC N/A
ROA(3y)0.68%
ROA(5y)0.73%
ROE(3y)9.29%
ROE(5y)9.74%
ROIC(3y)N/A
ROIC(5y)N/A
IAG.CA Yearly ROA, ROE, ROICIAG.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 10

1.3 Margins

  • Looking at the Profit Margin, with a value of 10.87%, IAG is in line with its industry, outperforming 48.10% of the companies in the same industry.
  • IAG's Profit Margin has improved in the last couple of years.
  • Looking at the Operating Margin, with a value of 14.21%, IAG is doing worse than 69.62% of the companies in the same industry.
  • In the last couple of years the Operating Margin of IAG has remained more or less at the same level.
Industry RankSector Rank
OM 14.21%
PM (TTM) 10.87%
GM N/A
OM growth 3Y-0.81%
OM growth 5YN/A
PM growth 3Y25.59%
PM growth 5Y11.46%
GM growth 3YN/A
GM growth 5YN/A
IAG.CA Yearly Profit, Operating, Gross MarginsIAG.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

4

2. Health

2.1 Basic Checks

  • IAG does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • IAG has less shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, IAG has less shares outstanding
  • Compared to 1 year ago, IAG has a worse debt to assets ratio.
IAG.CA Yearly Shares OutstandingIAG.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M
IAG.CA Yearly Total Debt VS Total AssetsIAG.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 20B 40B 60B 80B 100B

2.2 Solvency

  • The Debt to FCF ratio of IAG is 2.60, which is a good value as it means it would take IAG, 2.60 years of fcf income to pay off all of its debts.
  • IAG's Debt to FCF ratio of 2.60 is in line compared to the rest of the industry. IAG outperforms 53.16% of its industry peers.
  • IAG has a Debt/Equity ratio of 0.18. This is a healthy value indicating a solid balance between debt and equity.
  • IAG's Debt to Equity ratio of 0.18 is amongst the best of the industry. IAG outperforms 91.14% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.18
Debt/FCF 2.6
Altman-Z N/A
ROIC/WACCN/A
WACC7.42%
IAG.CA Yearly LT Debt VS Equity VS FCFIAG.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B 4B 6B

2.3 Liquidity

  • IAG has a Current Ratio of 0.09. This is a bad value and indicates that IAG is not financially healthy enough and could expect problems in meeting its short term obligations.
  • IAG's Current ratio of 0.09 is fine compared to the rest of the industry. IAG outperforms 64.56% of its industry peers.
  • IAG has a Quick Ratio of 0.09. This is a bad value and indicates that IAG is not financially healthy enough and could expect problems in meeting its short term obligations.
  • IAG has a better Quick ratio (0.09) than 64.56% of its industry peers.
Industry RankSector Rank
Current Ratio 0.09
Quick Ratio 0.09
IAG.CA Yearly Current Assets VS Current LiabilitesIAG.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. Growth

3.1 Past

  • IAG shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 23.42%, which is quite impressive.
  • The Earnings Per Share has been growing by 12.19% on average over the past years. This is quite good.
  • The Revenue has been growing slightly by 7.96% in the past year.
  • The Revenue has been decreasing by -4.44% on average over the past years.
EPS 1Y (TTM)23.42%
EPS 3Y10.28%
EPS 5Y12.19%
EPS Q2Q%18.43%
Revenue 1Y (TTM)7.96%
Revenue growth 3Y-16.95%
Revenue growth 5Y-4.44%
Sales Q2Q%3.8%

3.2 Future

  • The Earnings Per Share is expected to grow by 11.39% on average over the next years. This is quite good.
  • The Revenue is expected to grow by 11.27% on average over the next years. This is quite good.
EPS Next Y18.97%
EPS Next 2Y12.64%
EPS Next 3Y11.39%
EPS Next 5YN/A
Revenue Next Year121.94%
Revenue Next 2Y14.43%
Revenue Next 3Y11.27%
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
IAG.CA Yearly Revenue VS EstimatesIAG.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 5B 10B 15B
IAG.CA Yearly EPS VS EstimatesIAG.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 5 10 15

More info and screens

Find the best growth stocksShow best growing peers

4

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 12.07, which indicates a correct valuation of IAG.
  • 72.15% of the companies in the same industry are cheaper than IAG, based on the Price/Earnings ratio.
  • IAG's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.98.
  • IAG is valuated reasonably with a Price/Forward Earnings ratio of 11.01.
  • 64.56% of the companies in the same industry are cheaper than IAG, based on the Price/Forward Earnings ratio.
  • IAG is valuated cheaply when we compare the Price/Forward Earnings ratio to 28.01, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 12.07
Fwd PE 11.01
IAG.CA Price Earnings VS Forward Price EarningsIAG.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, IAG is valued a bit cheaper than the industry average as 65.82% of the companies are valued more expensively.
  • Based on the Price/Free Cash Flow ratio, IAG is valued expensively inside the industry as 81.01% of the companies are valued cheaper.
Industry RankSector Rank
P/FCF 24.77
EV/EBITDA 7.96
IAG.CA Per share dataIAG.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80 100

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.64
PEG (5Y)0.99
EPS Next 2Y12.64%
EPS Next 3Y11.39%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 2.38%, IAG has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 4.24, IAG's dividend is way lower than its industry peers. On top of this 84.81% of the companies listed in the same industry pay a better dividend than IAG!
  • Compared to an average S&P500 Dividend Yield of 1.81, IAG pays a bit more dividend than the S&P500 average.
Industry RankSector Rank
Dividend Yield 2.38%

5.2 History

  • The dividend of IAG is nicely growing with an annual growth rate of 13.14%!
  • IAG has paid a dividend for at least 10 years, which is a reliable track record.
  • IAG has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)13.14%
Div Incr Years11
Div Non Decr Years18
IAG.CA Yearly Dividends per shareIAG.CA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1 2 3

5.3 Sustainability

  • 35.20% of the earnings are spent on dividend by IAG. This is a low number and sustainable payout ratio.
  • The dividend of IAG is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP35.2%
EPS Next 2Y12.64%
EPS Next 3Y11.39%
IAG.CA Yearly Income VS Free CF VS DividendIAG.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M 1B 1.5B
IAG.CA Dividend Payout.IAG.CA Dividend Payout, showing the Payout Ratio.IAG.CA Dividend Payout.PayoutRetained Earnings

More info and screens

Find the best dividend stocksShow peers with best dividend

IA FINANCIAL CORP INC

TSX:IAG (2/24/2026, 7:00:00 PM)

155.86

+2.1 (+1.37%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)11-04
Earnings (Next)02-17
Inst Owners47.62%
Inst Owner ChangeN/A
Ins Owners0.16%
Ins Owner ChangeN/A
Market Cap14.24B
Revenue(TTM)10.04B
Net Income(TTM)1.09B
Analysts71.67
Price Target186.51 (19.67%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.38%
Yearly Dividend3.61
Dividend Growth(5Y)13.14%
DP35.2%
Div Incr Years11
Div Non Decr Years18
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)9.02%
Min EPS beat(2)5.25%
Max EPS beat(2)12.8%
EPS beat(4)4
Avg EPS beat(4)7.68%
Min EPS beat(4)5.09%
Max EPS beat(4)12.8%
EPS beat(8)7
Avg EPS beat(8)5.56%
EPS beat(12)10
Avg EPS beat(12)4.23%
EPS beat(16)12
Avg EPS beat(16)2.86%
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)3.98%
PT rev (3m)13.11%
EPS NQ rev (1m)0%
EPS NQ rev (3m)1.1%
EPS NY rev (1m)0%
EPS NY rev (3m)2.12%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-17.07%
Valuation
Industry RankSector Rank
PE 12.07
Fwd PE 11.01
P/S 1.42
P/FCF 24.77
P/OCF 17.63
P/B 1.71
P/tB 2.94
EV/EBITDA 7.96
EPS(TTM)12.91
EY8.28%
EPS(NY)14.16
Fwd EY9.08%
FCF(TTM)6.29
FCFY4.04%
OCF(TTM)8.84
OCFY5.67%
SpS109.87
BVpS90.95
TBVpS53.1
PEG (NY)0.64
PEG (5Y)0.99
Graham Number162.54
Profitability
Industry RankSector Rank
ROA 0.91%
ROE 13.13%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM 14.21%
PM (TTM) 10.87%
GM N/A
FCFM 5.73%
ROA(3y)0.68%
ROA(5y)0.73%
ROE(3y)9.29%
ROE(5y)9.74%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)0.95%
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y-0.81%
OM growth 5YN/A
PM growth 3Y25.59%
PM growth 5Y11.46%
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0.08
Health
Industry RankSector Rank
Debt/Equity 0.18
Debt/FCF 2.6
Debt/EBITDA 0.84
Cap/Depr 66.95%
Cap/Sales 2.32%
Interest Coverage 23.39
Cash Conversion 45.52%
Profit Quality 52.7%
Current Ratio 0.09
Quick Ratio 0.09
Altman-Z N/A
F-Score5
WACC7.42%
ROIC/WACCN/A
Cap/Depr(3y)79.94%
Cap/Depr(5y)72.25%
Cap/Sales(3y)3.62%
Cap/Sales(5y)2.72%
Profit Quality(3y)108.24%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)23.42%
EPS 3Y10.28%
EPS 5Y12.19%
EPS Q2Q%18.43%
EPS Next Y18.97%
EPS Next 2Y12.64%
EPS Next 3Y11.39%
EPS Next 5YN/A
Revenue 1Y (TTM)7.96%
Revenue growth 3Y-16.95%
Revenue growth 5Y-4.44%
Sales Q2Q%3.8%
Revenue Next Year121.94%
Revenue Next 2Y14.43%
Revenue Next 3Y11.27%
Revenue Next 5YN/A
EBIT growth 1Y4.93%
EBIT growth 3Y-17.62%
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-38.24%
FCF growth 3YN/A
FCF growth 5Y23.28%
OCF growth 1Y-33.77%
OCF growth 3Y77.87%
OCF growth 5Y20.02%

IA FINANCIAL CORP INC / IAG.CA FAQ

What is the fundamental rating for IAG stock?

ChartMill assigns a fundamental rating of 4 / 10 to IAG.CA.


What is the valuation status of IA FINANCIAL CORP INC (IAG.CA) stock?

ChartMill assigns a valuation rating of 4 / 10 to IA FINANCIAL CORP INC (IAG.CA). This can be considered as Fairly Valued.


How profitable is IA FINANCIAL CORP INC (IAG.CA) stock?

IA FINANCIAL CORP INC (IAG.CA) has a profitability rating of 4 / 10.


What are the PE and PB ratios of IA FINANCIAL CORP INC (IAG.CA) stock?

The Price/Earnings (PE) ratio for IA FINANCIAL CORP INC (IAG.CA) is 12.07 and the Price/Book (PB) ratio is 1.71.


Can you provide the dividend sustainability for IAG stock?

The dividend rating of IA FINANCIAL CORP INC (IAG.CA) is 6 / 10 and the dividend payout ratio is 35.2%.