IGM Financial Inc. operates as a wealth and asset management company in Canada.
Established dividend payer and good value.
Share Price & News
How has IGM Financial's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: IGM has not had significant price volatility in the past 3 months.
7 Day Return
CA Capital Markets
1 Year Return
CA Capital Markets
Return vs Industry: IGM underperformed the Canadian Capital Markets industry which returned 7.1% over the past year.
Return vs Market: IGM underperformed the Canadian Market which returned -2.2% over the past year.
Price Volatility Vs. Market
How volatile is IGM Financial's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall StCautious Investors Not Rewarding IGM Financial Inc.'s (TSE:IGM) Performance Completely
1 month ago | Simply Wall StInterested In IGM Financial's (TSE:IGM) Upcoming CA$0.56 Dividend? You Have Three Days Left
2 months ago | Simply Wall StKey Things To Watch Out For If You Are After IGM Financial Inc.'s (TSE:IGM) 6.9% Dividend
Is IGM Financial undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: IGM (CA$33.15) is trading below our estimate of fair value (CA$56.12)
Significantly Below Fair Value: IGM is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: IGM is good value based on its PE Ratio (10.7x) compared to the CA Capital Markets industry average (32.8x).
PE vs Market: IGM is good value based on its PE Ratio (10.7x) compared to the Canadian market (16.3x).
Price to Earnings Growth Ratio
PEG Ratio: IGM is poor value based on its PEG Ratio (5.7x)
Price to Book Ratio
PB vs Industry: IGM is overvalued based on its PB Ratio (1.7x) compared to the CA Capital Markets industry average (1x).
How is IGM Financial forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: IGM's forecast earnings growth (1.9% per year) is above the savings rate (1.7%).
Earnings vs Market: IGM's earnings (1.9% per year) are forecast to grow slower than the Canadian market (26.4% per year).
High Growth Earnings: IGM's earnings are forecast to grow, but not significantly.
Revenue vs Market: IGM's revenue (2.5% per year) is forecast to grow slower than the Canadian market (6.3% per year).
High Growth Revenue: IGM's revenue (2.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if IGM's Return on Equity is forecast to be high in 3 years time
How has IGM Financial performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: IGM has high quality earnings.
Growing Profit Margin: IGM's current net profit margins (22%) are higher than last year (21.8%).
Past Earnings Growth Analysis
Earnings Trend: IGM's earnings have declined by 0.9% per year over the past 5 years.
Accelerating Growth: IGM's earnings growth over the past year (1.1%) exceeds its 5-year average (-0.9% per year).
Earnings vs Industry: IGM earnings growth over the past year (1.1%) underperformed the Capital Markets industry 1.1%.
Return on Equity
High ROE: IGM's Return on Equity (15.9%) is considered low.
How is IGM Financial's financial position?
Financial Position Analysis
Short Term Liabilities: IGM's short term assets (CA$9.4B) exceed its short term liabilities (CA$3.0B).
Long Term Liabilities: IGM's short term assets (CA$9.4B) exceed its long term liabilities (CA$7.9B).
Debt to Equity History and Analysis
Debt Level: IGM's debt to equity ratio (45.3%) is considered high.
Reducing Debt: IGM's debt to equity ratio has increased from 28.5% to 45.3% over the past 5 years.
Debt Coverage: IGM's debt is well covered by operating cash flow (35.7%).
Interest Coverage: IGM's interest payments on its debt are well covered by EBIT (4.5x coverage).
What is IGM Financial current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: IGM's dividend (6.79%) is higher than the bottom 25% of dividend payers in the Canadian market (1.73%).
High Dividend: IGM's dividend (6.79%) is in the top 25% of dividend payers in the Canadian market (5.65%)
Stability and Growth of Payments
Stable Dividend: IGM's dividends per share have been stable in the past 10 years.
Growing Dividend: IGM's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (72.6%), IGM's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jeff Carney (58 yo)
Mr. Jeffrey Robert Carney, also known as Jeff, CFA, serves as the Chief Executive Officer and President at Investors Group Inc. since May, 6, 2016. Mr. Carney serves as a President and Chief Executive Offi ...
CEO Compensation Analysis
Compensation vs Market: Jeff's total compensation ($USD5.76M) is about average for companies of similar size in the Canadian market ($USD4.51M).
Compensation vs Earnings: Jeff's compensation has been consistent with company performance over the past year.
|Executive VP of Finance & CFO||2.58yrs||CA$1.42m||no data|
|Chief Operating Officer||3.17yrs||CA$2.60m||0.00099% |
|President & CEO of Mackenzie Investments||4.08yrs||CA$6.74m||no data|
|Head of Investor Relations & Treasurer||no data||no data||no data|
|Executive VP & General Counsel||no data||no data||0.0013% |
|Executive VP and Chief Marketing & Strategy Officer||no data||no data||0.00076% |
|Executive VP||no data||no data||0.0013% |
|Executive VP & Chief Human Resources Officer||1.92yrs||no data||no data|
|Vice-Chairman||no data||no data||no data|
|President of Investors Group Financial Svcs & President of Québec Investors Group Financial Svcs Inc||no data||no data||no data|
|VP & Corporate Secretary||no data||no data||no data|
Experienced Management: IGM's management team is considered experienced (3.2 years average tenure).
|Independent Corporate Director||6.25yrs||CA$170.00k||0.00038% |
|Independent Director||28.33yrs||CA$177.50k||no data|
|Independent Director||36.92yrs||CA$177.50k||no data|
|Independent Director||11.25yrs||CA$185.00k||no data|
|Independent Director||8.25yrs||CA$195.00k||0.043% |
|Independent Director||22.33yrs||CA$220.00k||0.00042% |
|Independent Chairman of the Board||no data||CA$292.50k||0.050% |
|Independent Director||4.25yrs||CA$177.50k||0.00042% |
|Independent Director||5.25yrs||CA$190.00k||0.0025% |
|Independent Director||5.17yrs||CA$182.50k||no data|
|Independent Director||4.25yrs||CA$167.50k||no data|
Experienced Board: IGM's board of directors are considered experienced (7.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
IGM Financial Inc.'s company bio, employee growth, exchange listings and data sources
- Name: IGM Financial Inc.
- Ticker: IGM
- Exchange: TSX
- Founded: 1894
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: CA$7.900b
- Shares outstanding: 238.31m
- Website: https://www.igmfinancial.com
Number of Employees
- IGM Financial Inc.
- 447 Portage Avenue
- R3B 3H5
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|IGM||TSX (The Toronto Stock Exchange)||Yes||Common Shares||CA||CAD||Nov 1986|
|C7G||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Nov 1986|
|IGIF.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Nov 1986|
IGM Financial Inc. operates as a wealth and asset management company in Canada. It operates through IG Wealth Management, Mackenzie Investments, and Corporate and Other segments. The company also offers fi ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/08/15 05:43|
|End of Day Share Price||2020/08/14 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.