IGM Financial Future Growth

Future criteria checks 1/6

IGM Financial's revenue is forecast to decline at 0.2% per annum while its annual earnings are expected to grow at 3.9% per year. EPS is expected to grow by 4.4% per annum. Return on equity is forecast to be 11% in 3 years.

Key information

3.9%

Earnings growth rate

4.4%

EPS growth rate

Capital Markets earnings growth	31.7%
Revenue growth rate	-0.2%
Future return on equity	11.0%
Analyst coverage	Good
Last updated	08 Jun 2024

Recent future growth updates

Recent updates

IGM Financial's (TSE:IGM) Dividend Will Be CA$0.5625

May 14

Most Shareholders Will Probably Agree With IGM Financial Inc.'s (TSE:IGM) CEO Compensation

Apr 27

Would Shareholders Who Purchased IGM Financial's (TSE:IGM) Stock Three Years Be Happy With The Share price Today?

Dec 16

Earnings and Revenue Growth Forecasts

TSX:IGM - Analysts future estimates and past financials data (CAD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	3,205	825	734	771	1
12/31/2025	3,527	963	885	920	6
12/31/2024	3,364	907	850	881	6
3/31/2024	3,581	771	711	857	N/A
12/31/2023	3,702	926	684	837	N/A
9/30/2023	3,967	958	674	843	N/A
6/30/2023	3,943	962	693	831	N/A
3/31/2023	3,613	1,018	640	784	N/A
12/31/2022	3,463	856	593	738	N/A
9/30/2022	3,626	903	728	833	N/A
6/30/2022	3,778	959	842	939	N/A
3/31/2022	3,877	992	867	956	N/A
12/31/2021	3,895	979	858	944	N/A
9/30/2021	3,820	939	760	853	N/A
6/30/2021	3,705	860	595	703	N/A
3/31/2021	3,551	806	581	699	N/A
12/31/2020	3,450	764	629	737	N/A
9/30/2020	3,407	727	592	681	N/A
6/30/2020	3,358	739	668	749	N/A
3/31/2020	3,296	740	692	774	N/A
12/31/2019	3,393	747	629	712	N/A
9/30/2019	3,235	735	664	733	N/A
6/30/2019	3,254	731	667	734	N/A
3/31/2019	3,400	749	652	696	N/A
12/31/2018	3,414	767	729	785	N/A
9/30/2018	3,411	638	706	774	N/A
6/30/2018	3,352	613	646	723	N/A
3/31/2018	3,326	610	594	673	N/A
12/31/2017	3,292	602	N/A	672	N/A
9/30/2017	3,295	784	N/A	710	N/A
6/30/2017	3,298	809	N/A	749	N/A
3/31/2017	3,244	781	N/A	823	N/A
12/31/2016	3,173	770	N/A	737	N/A
9/30/2016	3,122	711	N/A	760	N/A
6/30/2016	3,098	713	N/A	698	N/A
3/31/2016	3,116	738	N/A	609	N/A
12/31/2015	3,160	772	N/A	710	N/A
9/30/2015	3,154	747	N/A	621	N/A
6/30/2015	3,153	767	N/A	759	N/A
3/31/2015	3,110	759	N/A	771	N/A
12/31/2014	3,057	753	N/A	741	N/A
9/30/2014	2,934	801	N/A	777	N/A
6/30/2014	2,851	775	N/A	671	N/A
3/31/2014	2,793	776	N/A	699	N/A
12/31/2013	2,721	762	N/A	715	N/A
9/30/2013	2,725	767	N/A	740	N/A
6/30/2013	2,692	760	N/A	738	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: IGM's forecast earnings growth (3.9% per year) is above the savings rate (2.1%).

Earnings vs Market: IGM's earnings (3.9% per year) are forecast to grow slower than the Canadian market (14.7% per year).

High Growth Earnings: IGM's earnings are forecast to grow, but not significantly.

Revenue vs Market: IGM's revenue is expected to decline over the next 3 years (-0.2% per year).

High Growth Revenue: IGM's revenue is forecast to decline over the next 3 years (-0.2% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: IGM's Return on Equity is forecast to be low in 3 years time (11%).

IGM Financial Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

Consensus EPS estimates increase by 12%

Price target decreased by 8.3% to CA$41.14

Price target decreased to CA$49.75

Price target increased to CA$44.00

Recent updates

IGM Financial's (TSE:IGM) Dividend Will Be CA$0.5625

First quarter dividend of CA$0.56 announced

First quarter 2024 earnings: EPS exceeds analyst expectations

Consensus EPS estimates increase by 12%

Most Shareholders Will Probably Agree With IGM Financial Inc.'s (TSE:IGM) CEO Compensation

IGM Financial Inc. to Report Q1, 2024 Results on May 02, 2024

Upcoming dividend of CA$0.56 per share

IGM Financial Inc.(TSX:IGM) dropped from FTSE All-World Index (USD)

IGM Financial (TSE:IGM) Has Affirmed Its Dividend Of CA$0.5625

IGM Financial Inc.(TSX:IGM) dropped from FTSE All-World Index (USD)

IGM Financial (TSE:IGM) Is Paying Out A Dividend Of CA$0.5625

Fourth quarter dividend of CA$0.56 announced

IGM Financial Inc., Annual General Meeting, May 03, 2024

Full year 2023 earnings: EPS and revenues exceed analyst expectations

IGM Financial Inc Declares Dividend, Payable on April 30, 2024

Upcoming dividend of CA$0.56 per share at 6.4% yield

IGM Financial Inc. to Report Q4, 2023 Results on Feb 15, 2024

IGM Financial (TSE:IGM) Has Announced A Dividend Of CA$0.5625

The Canada Life Assurance Company completed the acquisition of Investment Planning Counsel Inc. from IGM Financial Inc.

IGM Financial (TSE:IGM) Has Affirmed Its Dividend Of CA$0.5625

IGM Financial (TSE:IGM) Is Due To Pay A Dividend Of CA$0.5625

Third quarter 2023 earnings: Revenues miss analyst expectations

IGM Financial Inc Declares Dividend, Payable on January 31, 2024

Price target decreased by 8.3% to CA$41.14

IGM Financial Inc. to Report Q3, 2023 Results on Nov 01, 2023

Upcoming dividend of CA$0.56 per share at 6.0% yield

IGM Financial (TSE:IGM) Will Pay A Dividend Of CA$0.5625

IGM Financial Inc Declares Dividend, Payable on October 31, 2023

Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Upcoming dividend of CA$0.56 per share at 5.6% yield

IGM Financial (TSE:IGM) Has Affirmed Its Dividend Of CA$0.5625

IGM Financial Inc. to Report Q2, 2023 Results on Aug 02, 2023

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

IGM Financial Inc. Declares a Dividend, Payable on July 31, 2023

Upcoming dividend of CA$0.56 per share at 5.5% yield

Full year 2022 earnings: Revenues and EPS in line with analyst expectations

IGM Financial Inc., Annual General Meeting, May 04, 2023

Upcoming dividend of CA$0.56 per share

IGM Financial Inc. to Report Q4, 2022 Results on Feb 09, 2023

Now 21% undervalued

IGM Financial (TSE:IGM) Has Announced A Dividend Of CA$0.5625

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

IGM Financial Inc. Declares Dividend on Common Shares, Payable on January 31, 2023

Upcoming dividend of CA$0.56 per share

IGM Financial (TSE:IGM) Is Paying Out A Dividend Of CA$0.5625

IGM Financial Inc. Declares Dividend on Common Shares, Payable on October 31, 2022

Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations

Upcoming dividend of CA$0.56 per share

IGM Financial (TSE:IGM) Will Pay A Dividend Of CA$0.56

IGM Financial (TSE:IGM) Is Due To Pay A Dividend Of CA$0.56

IGM Financial Inc. Declares Dividend, Payable on July 29, 2022

Price target decreased to CA$49.75

First quarter 2022 earnings: EPS and revenues miss analyst expectations

Should You Be Adding IGM Financial (TSE:IGM) To Your Watchlist Today?

Upcoming dividend of CA$0.56 per share

Insider exercised options and sold CA$1.8m worth of stock

IGM Financial Inc. Announces That Keith Potter Will Succeed Luke Gould as Chief Financial Officer, with Effect from July 1, 2022

IGM Financial (TSE:IGM) Will Pay A Dividend Of CA$0.56

President recently bought CA$686k worth of stock

IGM Financial (TSE:IGM) Has Announced A Dividend Of CA$0.56

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

IGM Financial Inc. Declares Dividend, Payable on April 29, 2022

Upcoming dividend of CA$0.56 per share

IGM Financial (TSE:IGM) Has Affirmed Its Dividend Of CA$0.56

IGM Financial (TSE:IGM) Will Pay A Dividend Of CA$0.56

Third quarter 2021 earnings released: EPS CA$1.13 (vs CA$0.80 in 3Q 2020)

Is Now The Time To Put IGM Financial (TSE:IGM) On Your Watchlist?

Upcoming dividend of CA$0.56 per share

IGM Financial (TSE:IGM) Is Due To Pay A Dividend Of CA$0.56

Second quarter 2021 earnings released: EPS CA$0.99 (vs CA$0.77 in 2Q 2020)

Here's Why I Think IGM Financial (TSE:IGM) Is An Interesting Stock