TSX:OLY

Stock Analysis Report

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Executive Summary

Olympia Financial Group Inc., through its subsidiary Olympia Trust Company, operates as a non-deposit taking trust corporation in Canada.


Snowflake Analysis

Good value average dividend payer.

Share Price & News

How has Olympia Financial Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: OLY's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

2.2%

OLY

-1.2%

CA Capital Markets

0.2%

CA Market


1 Year Return

-38.8%

OLY

8.7%

CA Capital Markets

-6.3%

CA Market

Return vs Industry: OLY underperformed the Canadian Capital Markets industry which returned 8.8% over the past year.

Return vs Market: OLY underperformed the Canadian Market which returned -6.3% over the past year.


Shareholder returns

OLYIndustryMarket
7 Day2.2%-1.2%0.2%
30 Day-17.8%4.0%4.5%
90 Day-20.6%17.4%9.5%
1 Year-34.7%-38.8%14.3%8.7%-3.0%-6.3%
3 Year9.3%-8.8%26.8%9.8%8.5%-2.0%
5 Year71.8%20.1%62.2%28.0%29.5%9.7%

Price Volatility Vs. Market

How volatile is Olympia Financial Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Olympia Financial Group undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: OLY (CA$31.25) is trading below our estimate of fair value (CA$70.81)

Significantly Below Fair Value: OLY is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: OLY is good value based on its PE Ratio (8.5x) compared to the CA Capital Markets industry average (33.1x).

PE vs Market: OLY is good value based on its PE Ratio (8.5x) compared to the Canadian market (14.5x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate OLY's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: OLY is overvalued based on its PB Ratio (4x) compared to the CA Capital Markets industry average (0.9x).


Next Steps

Future Growth

How is Olympia Financial Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

6.2%

Forecasted Diversified Financials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Olympia Financial Group has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Olympia Financial Group performed over the past 5 years?

22.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: OLY has high quality earnings.

Growing Profit Margin: OLY's current net profit margins (17.8%) are lower than last year (20.7%).


Past Earnings Growth Analysis

Earnings Trend: OLY's earnings have grown significantly by 22% per year over the past 5 years.

Accelerating Growth: OLY's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: OLY had negative earnings growth (-14.2%) over the past year, making it difficult to compare to the Capital Markets industry average (-1.2%).


Return on Equity

High ROE: OLY's Return on Equity (47.4%) is considered outstanding.


Next Steps

Financial Health

How is Olympia Financial Group's financial position?


Financial Position Analysis

Short Term Liabilities: OLY's short term assets (CA$29.1M) exceed its short term liabilities (CA$28.9M).

Long Term Liabilities: OLY's short term assets (CA$29.1M) exceed its long term liabilities (CA$2.6M).


Debt to Equity History and Analysis

Debt Level: OLY's debt to equity ratio (55.6%) is considered high.

Reducing Debt: Insufficient data to determine if OLY's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: OLY's debt is well covered by operating cash flow (103.3%).

Interest Coverage: Insufficient data to determine if OLY's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is Olympia Financial Group current dividend yield, its reliability and sustainability?

8.83%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: OLY's dividend (8.83%) is higher than the bottom 25% of dividend payers in the Canadian market (1.82%).

High Dividend: OLY's dividend (8.83%) is in the top 25% of dividend payers in the Canadian market (6%)


Stability and Growth of Payments

Stable Dividend: OLY's dividend payments have been volatile in the past 10 years.

Growing Dividend: OLY's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (75%), OLY's 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.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

9.7yrs

Average management tenure


CEO

Rick Skauge (70 yo)

24.58yrs

Tenure

CA$3,748,379

Compensation

Mr. Richard K. Skauge, also known as Rick, serves as the Chief Executive Officer at Eyelogic Systems, Inc. Mr. Skauge served as the Chief Executive Officer, Founder, and Director of CBi2 Capital Corp. He w ...


Leadership Team

NamePositionTenureCompensationOwnership
Richard Skauge
Chairman24.58yrsCA$3.75m4.07%
CA$ 3.1m
Gerhard Barnard
VP of Financial Services & CFO12.75yrsCA$565.17k0.30%
CA$ 222.4k
Craig Skauge
Executive VP & Non-Independent Director12.58yrsCA$1.90m0.24%
CA$ 181.4k
Jonathan Bahnuik
General Counsel & Corporate Secretaryno datano data0.074%
CA$ 55.6k
Robin Fry
Chief Executive Officer of Olympia Benefits Incno dataCA$362.41kno data
Kenneth Fry
President of Olympia Benefits Inc2.5yrsno datano data
Shameer Abdool
Controllerno datano datano data

9.7yrs

Average Tenure

Experienced Management: OLY's management team is seasoned and experienced (9.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Richard Skauge
Chairman24.58yrsCA$3.75m4.07%
CA$ 3.1m
Craig Skauge
Executive VP & Non-Independent Director12.58yrsCA$1.90m0.24%
CA$ 181.4k
Brian Newman
Independent Director16.58yrsCA$75.02k0.56%
CA$ 419.7k
Gerardus Janssen
Independent Director10.58yrsCA$58.02k0.21%
CA$ 159.4k
Brenda Eprile
Director0.50yrno data0.0042%
CA$ 3.1k
Diana Wolfe
Independent Director3.5yrsCA$56.92k0.085%
CA$ 64.1k
Antony Balasubramanian
Independent Director1.17yrsCA$12.58kno data

10.6yrs

Average Tenure

59yo

Average Age

Experienced Board: OLY's board of directors are seasoned and experienced ( 10.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: OLY insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Olympia Financial Group Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Olympia Financial Group Inc.
  • Ticker: OLY
  • Exchange: TSX
  • Founded: 1994
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: CA$75.198m
  • Shares outstanding: 2.41m
  • Website: https://www.olympiafinancial.com

Number of Employees


Location

  • Olympia Financial Group Inc.
  • 125 – 9th Avenue South East
  • Suite 2300
  • Calgary
  • Alberta
  • T2G 0P6
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
OLYTSX (The Toronto Stock Exchange)YesClass A Common SharesCACADMay 2006

Biography

Olympia Financial Group Inc., through its subsidiary Olympia Trust Company, operates as a non-deposit taking trust corporation in Canada. The company operates through Private Health Services Plan, Register ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/03 00:12
End of Day Share Price2020/07/31 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.