IGM Stock Overview
IGM Financial Inc. operates as a wealth and asset management company in Canada.
No risks detected for IGM from our risk checks.
IGM Financial Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||CA$35.93|
|52 Week High||CA$51.68|
|52 Week Low||CA$34.49|
|1 Month Change||-6.14%|
|3 Month Change||-20.30%|
|1 Year Change||-20.46%|
|3 Year Change||-3.91%|
|5 Year Change||-10.67%|
|Change since IPO||1,085.32%|
Recent News & Updates
IGM Financial (TSE:IGM) Will Pay A Dividend Of CA$0.56
IGM Financial Inc.'s ( TSE:IGM ) investors are due to receive a payment of CA$0.56 per share on 29th of July. The...
IGM Financial (TSE:IGM) Is Due To Pay A Dividend Of CA$0.56
The board of IGM Financial Inc. ( TSE:IGM ) has announced that it will pay a dividend on the 29th of July, with...
|IGM||CA Capital Markets||CA Market|
Return vs Industry: IGM underperformed the Canadian Capital Markets industry which returned -15.2% over the past year.
Return vs Market: IGM underperformed the Canadian Market which returned -4% over the past year.
|IGM Average Weekly Movement||4.1%|
|Capital Markets Industry Average Movement||6.9%|
|Market Average Movement||10.0%|
|10% most volatile stocks in CA Market||17.3%|
|10% least volatile stocks in CA Market||4.4%|
Stable Share Price: IGM is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: IGM's weekly volatility (4%) has been stable over the past year.
About the Company
IGM Financial Inc. operates as a wealth and asset management company in Canada. It operates through Wealth Management, Asset Management, and Strategic Investments and Other segments. The company offers financial advisory services; IG Living Plan that provides financial planning services, such as investment vehicles, insurance products, mortgage and banking solutions, and charitable giving program; IG Wealth Management Advisor Portal, a customer relationship management platform; and IG Wealth Management’s dealer platform, which provides increased automation and supports both MFDA and IIROC licensed advisors, as well as new products on its investment dealer platform.
IGM Financial Fundamentals Summary
|IGM fundamental statistics|
Is IGM overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|IGM income statement (TTM)|
|Cost of Revenue||CA$2.42b|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
Aug 04, 2022
|Earnings per share (EPS)||4.18|
|Net Profit Margin||25.17%|
How did IGM perform over the long term?See historical performance and comparison
6.3%Current Dividend Yield
Does IGM pay a reliable dividends?See IGM dividend history and benchmarks
|IGM Financial dividend dates|
|Ex Dividend Date||Jun 29 2022|
|Dividend Pay Date||Jul 29 2022|
|Days until Ex dividend||1 day|
|Days until Dividend pay date||31 days|
Does IGM pay a reliable dividends?See IGM dividend history and benchmarks
Is IGM undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 5/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for IGM?
Other financial metrics that can be useful for relative valuation.
|What is IGM's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does IGM's PE Ratio compare to its peers?
|IGM PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
PVF.UN Partners Value Investments
CIX CI Financial
GLXY Galaxy Digital Holdings
FSZ Fiera Capital
IGM IGM Financial
Price-To-Earnings vs Peers: IGM is good value based on its Price-To-Earnings Ratio (8.6x) compared to the peer average (30.2x).
Price to Earnings Ratio vs Industry
How does IGM's PE Ratio compare vs other companies in the CA Capital Markets Industry?
Price-To-Earnings vs Industry: IGM is good value based on its Price-To-Earnings Ratio (8.6x) compared to the Canadian Capital Markets industry average (8.9x)
Price to Earnings Ratio vs Fair Ratio
What is IGM's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||8.6x|
|Fair PE Ratio||15.7x|
Price-To-Earnings vs Fair Ratio: IGM is good value based on its Price-To-Earnings Ratio (8.6x) compared to the estimated Fair Price-To-Earnings Ratio (15.7x).
Share Price vs Fair Value
What is the Fair Price of IGM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: IGM (CA$35.93) is trading below our estimate of fair value (CA$88.43)
Significantly Below Fair Value: IGM is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: IGM is poor value based on its PEG Ratio (8.5x)
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How is IGM Financial forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: IGM's forecast earnings growth (1% per year) is below the savings rate (1.6%).
Earnings vs Market: IGM's earnings (1% per year) are forecast to grow slower than the Canadian market (8.2% 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 (-0.1% per year).
High Growth Revenue: IGM's revenue is forecast to decline over the next 3 years (-0.1% 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
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How has IGM Financial performed over the past 5 years?
Past Performance Score5/6
Past Performance Score 5/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: IGM has high quality earnings.
Growing Profit Margin: IGM's current net profit margins (25.2%) are higher than last year (22.7%).
Past Earnings Growth Analysis
Earnings Trend: IGM's earnings have grown by 6% per year over the past 5 years.
Accelerating Growth: IGM's earnings growth over the past year (23.6%) exceeds its 5-year average (6% per year).
Earnings vs Industry: IGM earnings growth over the past year (23.6%) exceeded the Capital Markets industry 0.2%.
Return on Equity
High ROE: IGM's Return on Equity (15.6%) is considered low.
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How is IGM Financial's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: IGM's short term assets (CA$9.5B) exceed its short term liabilities (CA$4.2B).
Long Term Liabilities: IGM's short term assets (CA$9.5B) exceed its long term liabilities (CA$6.9B).
Debt to Equity History and Analysis
Debt Level: IGM's net debt to equity ratio (12.2%) is considered satisfactory.
Reducing Debt: IGM's debt to equity ratio has reduced from 40.5% to 32.7% over the past 5 years.
Debt Coverage: IGM's debt is well covered by operating cash flow (45.5%).
Interest Coverage: IGM's interest payments on its debt are well covered by EBIT (6.7x coverage).
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What is IGM Financial current dividend yield, its reliability and sustainability?
Dividend Score 5/6
Future Dividend Coverage
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: IGM's dividend (6.26%) is higher than the bottom 25% of dividend payers in the Canadian market (2.03%).
High Dividend: IGM's dividend (6.26%) is in the top 25% of dividend payers in the Canadian market (5.33%)
Stability and Growth of Payments
Stable Dividend: IGM's dividends per share have been stable in the past 10 years.
Growing Dividend: IGM's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (54%), IGM's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (61.8%), IGM's dividend payments are covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
James O'Sullivan (57 yo)
Mr. James O'Sullivan has been President, Chief Executive Officer and Director at IGM Financial Inc. since September 14, 2020. He is currently a Member of the Dean’s Advisory Council, Schulich School of Bus...
CEO Compensation Analysis
Compensation vs Market: James's total compensation ($USD4.34M) is about average for companies of similar size in the Canadian market ($USD4.69M).
Compensation vs Earnings: James's compensation has increased by more than 20% in the past year.
Experienced Management: IGM's management team is considered experienced (2.8 years average tenure).
Experienced Board: IGM's board of directors are considered experienced (9.1 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.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
IGM Financial Inc.'s employee growth, exchange listings and data sources
- Name: IGM Financial Inc.
- Ticker: IGM
- Exchange: TSX
- Founded: 1978
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Implied Market Cap: CA$8.565b
- Shares outstanding: 238.37m
- Website: https://www.igmfinancial.com
Number of Employees
- IGM Financial Inc.
- 447 Portage Avenue
- R3B 3H5
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/06/26 00:00|
|End of Day Share Price||2022/06/24 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.