Snowflake Score | |
---|---|
Valuation | 4/6 |
Future Growth | 2/6 |
Past Performance | 4/6 |
Financial Health | 4/6 |
Dividends | 5/6 |
IAG Stock Overview
iA Financial Corporation Inc., through its subsidiary, Industrial Alliance Insurance and Financial Services Inc., provides various life and health insurance products in Canada and the United States.
Rewards
Risk Analysis
IAG passed our risk checks.
iA Financial Competitors
Price History & Performance
Historical stock prices | |
---|---|
Current Share Price | CA$62.57 |
52 Week High | CA$85.25 |
52 Week Low | CA$58.70 |
Beta | 1.42 |
1 Month Change | -3.43% |
3 Month Change | -18.38% |
1 Year Change | -6.97% |
3 Year Change | 16.26% |
5 Year Change | 10.72% |
Change since IPO | 642.67% |
Recent News & Updates
Shareholder Returns
IAG | CA Insurance | CA Market | |
---|---|---|---|
7D | 0.8% | 1.0% | 0.1% |
1Y | -7.0% | -6.3% | -2.6% |
Return vs Industry: IAG underperformed the Canadian Insurance industry which returned -7.6% over the past year.
Return vs Market: IAG underperformed the Canadian Market which returned -4% over the past year.
Price Volatility
IAG volatility | |
---|---|
IAG Average Weekly Movement | 4.9% |
Insurance Industry Average Movement | 4.0% |
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: IAG is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: IAG's weekly volatility (5%) has been stable over the past year.
About the Company
Founded | Employees | CEO | Website |
---|---|---|---|
1892 | n/a | Denis Ricard | https://www.ia.ca |
iA Financial Corporation Inc., through its subsidiary, Industrial Alliance Insurance and Financial Services Inc., provides various life and health insurance products in Canada and the United States. The company operates through Individual Insurance, Individual Wealth Management, Group Insurance, Group Savings and Retirement, US Operations, and Other segments. It offers life, health, disability, and mortgage insurance products, as well as individual products and services for savings plans, securities brokerage, trust operations, and mutual funds.
iA Financial Fundamentals Summary
IAG fundamental statistics | |
---|---|
Market Cap | CA$6.62b |
Earnings (TTM) | CA$808.00m |
Revenue (TTM) | CA$15.30b |
8.3x
P/E Ratio0.4x
P/S RatioIs IAG overvalued?
See Fair Value and valuation analysisEarnings & Revenue
IAG income statement (TTM) | |
---|---|
Revenue | CA$15.30b |
Cost of Revenue | CA$12.14b |
Gross Profit | CA$3.16b |
Other Expenses | CA$2.35b |
Earnings | CA$808.00m |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
Jul 28, 2022
Earnings per share (EPS) | 7.55 |
Gross Margin | 20.66% |
Net Profit Margin | 5.28% |
Debt/Equity Ratio | 43.0% |
How did IAG perform over the long term?
See historical performance and comparisonDividends
4.0%
Current Dividend Yield29%
Payout RatioValuation
Is IAG undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
4/6Valuation Score 4/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio
Key Valuation Metric
Which metric is best to use when looking at relative valuation for IAG?
Other financial metrics that can be useful for relative valuation.
What is IAG's n/a Ratio? | |
---|---|
n/a Ratio | 0x |
n/a | n/a |
Market Cap | CA$6.62b |
Key Statistics | |
---|---|
Enterprise Value/Revenue | 0.6x |
Enterprise Value/EBITDA | 6.5x |
PEG Ratio | 0.7x |
Price to Earnings Ratio vs Peers
How does IAG's PE Ratio compare to its peers?
IAG PE Ratio vs Peers |
---|
Company | PE | Estimated Growth | Market Cap |
---|---|---|---|
Peer Average | 8.2x | ||
ELF E-L Financial | 6.6x | n/a | CA$2.9b |
POW Power Corporation of Canada | 8x | 6.5% | CA$23.1b |
GWO Great-West Lifeco | 9.1x | 5.9% | CA$29.2b |
SLF Sun Life Financial | 9x | 7.1% | CA$34.6b |
IAG iA Financial | 8.2x | 11.7% | CA$6.6b |
Price-To-Earnings vs Peers: IAG is expensive based on its Price-To-Earnings Ratio (8.2x) compared to the peer average (8.2x).
Price to Earnings Ratio vs Industry
How does IAG's PE Ratio compare vs other companies in the North American Insurance Industry?
Price-To-Earnings vs Industry: IAG is expensive based on its Price-To-Earnings Ratio (8.2x) compared to the Canadian Insurance industry average (8x)
Price to Earnings Ratio vs Fair Ratio
What is IAG'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.
Fair Ratio | |
---|---|
Current PE Ratio | 8.3x |
Fair PE Ratio | 12.1x |
Price-To-Earnings vs Fair Ratio: IAG is good value based on its Price-To-Earnings Ratio (8.2x) compared to the estimated Fair Price-To-Earnings Ratio (12.1x).
Share Price vs Fair Value
What is the Fair Price of IAG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: IAG (CA$61.82) is trading below our estimate of fair value (CA$211.11)
Significantly Below Fair Value: IAG is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: IAG is good value based on its PEG Ratio (0.7x)
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Future Growth
How is iA Financial forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
Future Growth Score
2/6Future Growth Score 2/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
11.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: IAG's forecast earnings growth (11.7% per year) is above the savings rate (1.6%).
Earnings vs Market: IAG's earnings (11.7% per year) are forecast to grow faster than the Canadian market (8.2% per year).
High Growth Earnings: IAG's earnings are forecast to grow, but not significantly.
Revenue vs Market: Insufficient data to determine if IAG's revenue is forecast to grow faster than the Canadian market.
High Growth Revenue: Insufficient data to determine if IAG's revenue is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if IAG's Return on Equity is forecast to be high in 3 years time
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Past Performance
How has iA Financial performed over the past 5 years?
Past Performance Score
4/6Past Performance Score 4/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
8.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: IAG has high quality earnings.
Growing Profit Margin: IAG's current net profit margins (5.3%) are higher than last year (4.8%).
Past Earnings Growth Analysis
Earnings Trend: IAG's earnings have grown by 8.5% per year over the past 5 years.
Accelerating Growth: IAG's earnings growth over the past year (8.7%) exceeds its 5-year average (8.5% per year).
Earnings vs Industry: IAG earnings growth over the past year (8.7%) underperformed the Insurance industry 30.7%.
Return on Equity
High ROE: IAG's Return on Equity (11.6%) is considered low.
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Financial Health
How is iA Financial's financial position?
Financial Health Score
4/6Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: IAG's short term assets (CA$4.2B) do not cover its short term liabilities (CA$9.1B).
Long Term Liabilities: IAG's short term assets (CA$4.2B) do not cover its long term liabilities (CA$74.4B).
Debt to Equity History and Analysis
Debt Level: IAG's net debt to equity ratio (17.8%) is considered satisfactory.
Reducing Debt: IAG's debt to equity ratio has reduced from 45% to 43% over the past 5 years.
Debt Coverage: IAG's debt is well covered by operating cash flow (22.3%).
Interest Coverage: IAG's interest payments on its debt are well covered by EBIT (16.4x coverage).
Balance Sheet
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Dividend
What is iA Financial current dividend yield, its reliability and sustainability?
Dividend Score
4/6Dividend Score 4/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
4.00%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: IAG's dividend (4.04%) is higher than the bottom 25% of dividend payers in the Canadian market (2.03%).
High Dividend: IAG's dividend (4.04%) is low compared to the top 25% of dividend payers in the Canadian market (5.33%).
Stability and Growth of Payments
Stable Dividend: IAG's dividends per share have been stable in the past 10 years.
Growing Dividend: IAG's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (29.5%), IAG's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (65.5%), IAG's dividend payments are covered by cash flows.
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Management
How experienced are the management team and are they aligned to shareholders interests?
3.8yrs
Average management tenure
CEO
Denis Ricard (59 yo)
3.75yrs
Tenure
CA$5,986,270
Compensation
Mr. Denis Yves Ricard, B.Sc., F.S.A. & F.C.I.A., has been President and Chief Executive Officer of iA Financial Corporation Inc. since September 2018. He is an engaged leader who values employee developmen...
CEO Compensation Analysis
Compensation vs Market: Denis's total compensation ($USD4.65M) is about average for companies of similar size in the Canadian market ($USD4.69M).
Compensation vs Earnings: Denis's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: IAG's management team is considered experienced (3.8 years average tenure).
Board Members
Experienced Board: IAG's board of directors are considered experienced (3.4 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: IAG 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
iA Financial Corporation Inc.'s employee growth, exchange listings and data sources
Key Information
- Name: iA Financial Corporation Inc.
- Ticker: IAG
- Exchange: TSX
- Founded: 1892
- Industry: Life and Health Insurance
- Sector: Insurance
- Implied Market Cap: CA$6.620b
- Shares outstanding: 107.08m
- Website: https://www.ia.ca
Number of Employees
Location
- iA Financial Corporation Inc.
- 1080 Grande AllEe West
- Station Terminus
- Québec
- Quebec
- G1K 7M3
- Canada
Listings
Company Analysis and Financial Data Status
Data | Last Updated (UTC time) |
---|---|
Company Analysis | 2022/06/28 00:00 |
End of Day Share Price | 2022/06/28 00:00 |
Earnings | 2022/03/31 |
Annual Earnings | 2021/12/31 |
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.