IGM FINANCIAL INC (IGM.CA) Stock Fundamental Analysis
Canada - Toronto Stock Exchange - TSX:IGM - CA4495861060 - Common Stock
61.92 CAD
+0.11 (+0.18%)
We assign a fundamental rating of 5 out of 10 to IGM. IGM was compared to 80 industry peers in the Capital Markets industry. While IGM has a great profitability rating, there are quite some concerns on its financial health. IGM has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
IGM had positive earnings in the past year.
In the past year IGM had a positive cash flow from operations.
Each year in the past 5 years IGM has been profitable.
Each year in the past 5 years IGM had a positive operating cash flow.
1.2 Ratios
IGM has a Return On Assets of 4.95%. This is in the better half of the industry: IGM outperforms 67.50% of its industry peers.
IGM's Return On Equity of 11.62% is fine compared to the rest of the industry. IGM outperforms 68.75% of its industry peers.
IGM has a Return On Invested Capital of 5.08%. This is in the better half of the industry: IGM outperforms 70.00% of its industry peers.
IGM had an Average Return On Invested Capital over the past 3 years of 4.45%. This is significantly below the industry average of 10.19%.
The 3 year average ROIC (4.45%) for IGM is below the current ROIC(5.08%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.95% | ||
| ROE | 11.62% | ||
| ROIC | 5.08% |
ROA(3y)5.1%
ROA(5y)5.12%
ROE(3y)14.51%
ROE(5y)14.8%
ROIC(3y)4.45%
ROIC(5y)4.95%
1.3 Margins
With a decent Profit Margin value of 27.73%, IGM is doing good in the industry, outperforming 71.25% of the companies in the same industry.
IGM's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 32.71%, IGM is in the better half of the industry, outperforming 73.75% of the companies in the same industry.
In the last couple of years the Operating Margin of IGM has remained more or less at the same level.
IGM's Gross Margin of 58.35% is fine compared to the rest of the industry. IGM outperforms 73.75% of its industry peers.
In the last couple of years the Gross Margin of IGM has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 32.71% | ||
| PM (TTM) | 27.73% | ||
| GM | 58.35% |
OM growth 3Y-0.8%
OM growth 5Y0.68%
PM growth 3Y-0.68%
PM growth 5Y2.21%
GM growth 3Y0.39%
GM growth 5Y0.55%
2. Health
2.1 Basic Checks
Compared to 1 year ago, IGM has about the same amount of shares outstanding.
IGM has about the same amout of shares outstanding than it did 5 years ago.
The debt/assets ratio for IGM is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 1.26, we must say that IGM is in the distress zone and has some risk of bankruptcy.
IGM has a Altman-Z score of 1.26. This is in the better half of the industry: IGM outperforms 62.50% of its industry peers.
The Debt to FCF ratio of IGM is 11.03, which is on the high side as it means it would take IGM, 11.03 years of fcf income to pay off all of its debts.
IGM has a better Debt to FCF ratio (11.03) than 61.25% of its industry peers.
A Debt/Equity ratio of 0.99 indicates that IGM is somewhat dependend on debt financing.
IGM has a Debt to Equity ratio (0.99) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.99 | ||
| Debt/FCF | 11.03 | ||
| Altman-Z | 1.26 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
IGM has a Current Ratio of 0.30. This is a bad value and indicates that IGM is not financially healthy enough and could expect problems in meeting its short term obligations.
The Current ratio of IGM (0.30) is worse than 87.50% of its industry peers.
IGM has a Quick Ratio of 0.30. This is a bad value and indicates that IGM is not financially healthy enough and could expect problems in meeting its short term obligations.
IGM's Quick ratio of 0.30 is on the low side compared to the rest of the industry. IGM is outperformed by 86.25% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.3 | ||
| Quick Ratio | 0.3 |
3. Growth
3.1 Past
IGM shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 17.38%, which is quite good.
The Earnings Per Share has been growing slightly by 4.30% on average over the past years.
Looking at the last year, IGM shows a quite strong growth in Revenue. The Revenue has grown by 10.92% in the last year.
The Revenue has been growing slightly by 2.30% on average over the past years.
EPS 1Y (TTM)17.38%
EPS 3Y-0.83%
EPS 5Y4.3%
EPS Q2Q%23.3%
Revenue 1Y (TTM)10.92%
Revenue growth 3Y-0.9%
Revenue growth 5Y2.3%
Sales Q2Q%13.92%
3.2 Future
The Earnings Per Share is expected to grow by 5.06% on average over the next years.
The Revenue is expected to grow by 4.93% on average over the next years.
EPS Next Y15.75%
EPS Next 2Y12.3%
EPS Next 3Y10.16%
EPS Next 5Y5.06%
Revenue Next Year9.98%
Revenue Next 2Y9.52%
Revenue Next 3Y8.13%
Revenue Next 5Y4.93%
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.
4. Valuation
4.1 Price/Earnings Ratio
IGM is valuated correctly with a Price/Earnings ratio of 14.10.
IGM's Price/Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Earnings ratio of 26.60, IGM is valued a bit cheaper.
Based on the Price/Forward Earnings ratio of 12.43, the valuation of IGM can be described as correct.
Based on the Price/Forward Earnings ratio, IGM is valued a bit cheaper than the industry average as 66.25% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 23.23. IGM is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.1 | ||
| Fwd PE | 12.43 |
4.2 Price Multiples
IGM's Enterprise Value to EBITDA is on the same level as the industry average.
78.75% of the companies in the same industry are more expensive than IGM, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.85 | ||
| EV/EBITDA | 15.99 |
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.
The decent profitability rating of IGM may justify a higher PE ratio.
PEG (NY)0.9
PEG (5Y)3.28
EPS Next 2Y12.3%
EPS Next 3Y10.16%
5. Dividend
5.1 Amount
IGM has a Yearly Dividend Yield of 3.64%.
Compared to an average industry Dividend Yield of 3.62, IGM has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 1.94, IGM pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.64% |
5.2 History
The dividend of IGM decreases each year by -0.23%.
IGM has paid a dividend for at least 10 years, which is a reliable track record.
IGM has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)-0.23%
Div Incr Years1
Div Non Decr Years34
5.3 Sustainability
IGM pays out 51.55% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP51.55%
EPS Next 2Y12.3%
EPS Next 3Y10.16%
TSX:IGM (1/2/2026, 7:00:00 PM)
61.92
+0.11 (+0.18%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners7.91%
Inst Owner ChangeN/A
Ins Owners0.08%
Ins Owner ChangeN/A
Market Cap14.63B
Revenue(TTM)3.73B
Net Income(TTM)1.03B
Analysts70
Price Target63.24 (2.13%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.64% |
Yearly Dividend2.24
Dividend Growth(5Y)-0.23%
DP51.55%
Div Incr Years1
Div Non Decr Years34
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)7.61%
Min EPS beat(2)5.6%
Max EPS beat(2)9.61%
EPS beat(4)2
Avg EPS beat(4)2.59%
Min EPS beat(4)-4.04%
Max EPS beat(4)9.61%
EPS beat(8)4
Avg EPS beat(8)1.57%
EPS beat(12)6
Avg EPS beat(12)1.23%
EPS beat(16)7
Avg EPS beat(16)0.28%
Revenue beat(2)0
Avg Revenue beat(2)-5.37%
Min Revenue beat(2)-5.47%
Max Revenue beat(2)-5.27%
Revenue beat(4)0
Avg Revenue beat(4)-3.47%
Min Revenue beat(4)-5.47%
Max Revenue beat(4)-0.23%
Revenue beat(8)2
Avg Revenue beat(8)-2.37%
Revenue beat(12)3
Avg Revenue beat(12)-2.97%
Revenue beat(16)5
Avg Revenue beat(16)-2.31%
PT rev (1m)-0.27%
PT rev (3m)16.25%
EPS NQ rev (1m)0%
EPS NQ rev (3m)8.63%
EPS NY rev (1m)0%
EPS NY rev (3m)5.72%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.19%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.45%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.1 | ||
| Fwd PE | 12.43 | ||
| P/S | 3.92 | ||
| P/FCF | 15.85 | ||
| P/OCF | 14.03 | ||
| P/B | 1.64 | ||
| P/tB | 2.94 | ||
| EV/EBITDA | 15.99 |
EPS(TTM)4.39
EY7.09%
EPS(NY)4.98
Fwd EY8.05%
FCF(TTM)3.91
FCFY6.31%
OCF(TTM)4.41
OCFY7.13%
SpS15.78
BVpS37.65
TBVpS21.05
PEG (NY)0.9
PEG (5Y)3.28
Graham Number60.98
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.95% | ||
| ROE | 11.62% | ||
| ROCE | 7.49% | ||
| ROIC | 5.08% | ||
| ROICexc | 5.38% | ||
| ROICexgc | 7.01% | ||
| OM | 32.71% | ||
| PM (TTM) | 27.73% | ||
| GM | 58.35% | ||
| FCFM | 24.75% |
ROA(3y)5.1%
ROA(5y)5.12%
ROE(3y)14.51%
ROE(5y)14.8%
ROIC(3y)4.45%
ROIC(5y)4.95%
ROICexc(3y)4.67%
ROICexc(5y)5.26%
ROICexgc(3y)6.14%
ROICexgc(5y)7.25%
ROCE(3y)6.11%
ROCE(5y)6.55%
ROICexgc growth 3Y-11.94%
ROICexgc growth 5Y-6.84%
ROICexc growth 3Y-8.83%
ROICexc growth 5Y-4.31%
OM growth 3Y-0.8%
OM growth 5Y0.68%
PM growth 3Y-0.68%
PM growth 5Y2.21%
GM growth 3Y0.39%
GM growth 5Y0.55%
F-Score7
Asset Turnover0.18
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.99 | ||
| Debt/FCF | 11.03 | ||
| Debt/EBITDA | 6.67 | ||
| Cap/Depr | 122.79% | ||
| Cap/Sales | 3.21% | ||
| Interest Coverage | 3.91 | ||
| Cash Conversion | 79.16% | ||
| Profit Quality | 89.26% | ||
| Current Ratio | 0.3 | ||
| Quick Ratio | 0.3 | ||
| Altman-Z | 1.26 |
F-Score7
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)137.22%
Cap/Depr(5y)125.37%
Cap/Sales(3y)4.27%
Cap/Sales(5y)3.73%
Profit Quality(3y)79.55%
Profit Quality(5y)81.7%
High Growth Momentum
Growth
EPS 1Y (TTM)17.38%
EPS 3Y-0.83%
EPS 5Y4.3%
EPS Q2Q%23.3%
EPS Next Y15.75%
EPS Next 2Y12.3%
EPS Next 3Y10.16%
EPS Next 5Y5.06%
Revenue 1Y (TTM)10.92%
Revenue growth 3Y-0.9%
Revenue growth 5Y2.3%
Sales Q2Q%13.92%
Revenue Next Year9.98%
Revenue Next 2Y9.52%
Revenue Next 3Y8.13%
Revenue Next 5Y4.93%
EBIT growth 1Y15.01%
EBIT growth 3Y-1.69%
EBIT growth 5Y2.99%
EBIT Next Year23.16%
EBIT Next 3Y11.57%
EBIT Next 5Y5.57%
FCF growth 1Y36.97%
FCF growth 3Y6.44%
FCF growth 5Y10.45%
OCF growth 1Y23.67%
OCF growth 3Y6.9%
OCF growth 5Y10.11%
IGM FINANCIAL INC / IGM.CA FAQ
What is the ChartMill fundamental rating of IGM FINANCIAL INC (IGM.CA) stock?
ChartMill assigns a fundamental rating of 5 / 10 to IGM.CA.
What is the valuation status of IGM FINANCIAL INC (IGM.CA) stock?
ChartMill assigns a valuation rating of 5 / 10 to IGM FINANCIAL INC (IGM.CA). This can be considered as Fairly Valued.
How profitable is IGM FINANCIAL INC (IGM.CA) stock?
IGM FINANCIAL INC (IGM.CA) has a profitability rating of 7 / 10.
Can you provide the PE and PB ratios for IGM stock?
The Price/Earnings (PE) ratio for IGM FINANCIAL INC (IGM.CA) is 14.1 and the Price/Book (PB) ratio is 1.64.
How sustainable is the dividend of IGM FINANCIAL INC (IGM.CA) stock?
The dividend rating of IGM FINANCIAL INC (IGM.CA) is 6 / 10 and the dividend payout ratio is 51.55%.