| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 2/6 |
| Past Performance | 5/6 |
| Financial Health | 4/6 |
| Dividends | 5/6 |
IFC Stock Overview
Intact Financial Corporation, through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada and the United States.
Intact Financial Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CA$162.19 |
| 52 Week High | CA$178.28 |
| 52 Week Low | CA$140.50 |
| Beta | 0.69 |
| 1 Month Change | -0.42% |
| 3 Month Change | -2.68% |
| 1 Year Change | 12.71% |
| 3 Year Change | 57.57% |
| 5 Year Change | 72.95% |
| Change since IPO | 461.60% |
Recent News & Updates
Shareholder Returns
| IFC | CA Insurance | CA Market | |
|---|---|---|---|
| 7D | -1.4% | 1.8% | 2.4% |
| 1Y | 12.7% | 19.6% | 19.9% |
Return vs Industry: IFC underperformed the Canadian Insurance industry which returned 20.1% over the past year.
Return vs Market: IFC underperformed the Canadian Market which returned 19.1% over the past year.
Price Volatility
| IFC volatility | |
|---|---|
| IFC Average Weekly Movement | 2.0% |
| Insurance Industry Average Movement | 3.0% |
| Market Average Movement | 9.7% |
| 10% most volatile stocks in CA Market | 17.6% |
| 10% least volatile stocks in CA Market | 3.7% |
Stable Share Price: IFC is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: IFC's weekly volatility (2%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1809 | 26,000 | Charles J. Brindamour | https://www.intactfc.com |
Intact Financial Corporation, through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada and the United States. It offers personal auto insurance; insurance for motor homes, recreational vehicles, motorcycles, snowmobiles, and all-terrain vehicles; personal property insurance, such as protection for homes and contents from risks, such as fire, theft, vandalism, water damage, and other damages, as well as personal liability coverage; and property coverage for tenants, condominium owners, non-owner occupied residences, and seasonal residences. The company also provides insurance products for commercial lines for a group of small and medium sized businesses; commercial property insurance for the protection of physical assets of the business; and liability coverages, including commercial general, product, and professional liability, as well as cyber endorsement.
Intact Financial Fundamentals Summary
| IFC fundamental statistics | |
|---|---|
| Market Cap | CA$28.56b |
| Earnings (TTM) | CA$1.70b |
| Revenue (TTM) | CA$15.51b |
16.8x
P/E Ratio1.8x
P/S RatioIs IFC overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| IFC income statement (TTM) | |
|---|---|
| Revenue | CA$15.51b |
| Cost of Revenue | CA$13.16b |
| Gross Profit | CA$2.36b |
| Expenses | CA$656.00m |
| Earnings | CA$1.70b |
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
Feb 09, 2022
| Earnings per share (EPS) | 9.65 |
| Gross Margin | 15.19% |
| Net Profit Margin | 10.96% |
| Debt/Equity Ratio | 32.8% |
How did IFC perform over the long term?
See historical performance and comparisonDividends
2.2%
Current Dividend Yield30%
Payout RatioValuation
Is Intact Financial undervalued compared to its fair value and its price relative to the market?
39.5%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: IFC (CA$162.19) is trading below our estimate of fair value (CA$268.19)
Significantly Below Fair Value: IFC is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: IFC is poor value based on its PE Ratio (16.8x) compared to the Canadian Insurance industry average (10.4x).
PE vs Market: IFC is poor value based on its PE Ratio (16.8x) compared to the Canadian market (13.1x).
Price to Earnings Growth Ratio
PEG Ratio: IFC is poor value based on its PEG Ratio (1.8x)
Price to Book Ratio
PB vs Industry: IFC is overvalued based on its PB Ratio (2x) compared to the CA Insurance industry average (1.3x).
Future Growth
How is Intact Financial forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
9.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: IFC's forecast earnings growth (9.2% per year) is above the savings rate (1.6%).
Earnings vs Market: IFC's earnings (9.2% per year) are forecast to grow slower than the Canadian market (11% per year).
High Growth Earnings: IFC's earnings are forecast to grow, but not significantly.
Revenue vs Market: IFC's revenue (15.1% per year) is forecast to grow faster than the Canadian market (5.5% per year).
High Growth Revenue: IFC's revenue (15.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: IFC's Return on Equity is forecast to be low in 3 years time (15.2%).
Past Performance
How has Intact Financial performed over the past 5 years?
21.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: IFC has high quality earnings.
Growing Profit Margin: IFC's current net profit margins (11%) are higher than last year (7.3%).
Past Earnings Growth Analysis
Earnings Trend: IFC's earnings have grown significantly by 21% per year over the past 5 years.
Accelerating Growth: IFC's earnings growth over the past year (90.2%) exceeds its 5-year average (21% per year).
Earnings vs Industry: IFC earnings growth over the past year (90.2%) exceeded the Insurance industry 60.9%.
Return on Equity
High ROE: IFC's Return on Equity (10.9%) is considered low.
Financial Health
How is Intact Financial's financial position?
Financial Position Analysis
Short Term Liabilities: IFC's short term assets (CA$19.5B) do not cover its short term liabilities (CA$41.3B).
Long Term Liabilities: IFC's short term assets (CA$19.5B) exceed its long term liabilities (CA$8.7B).
Debt to Equity History and Analysis
Debt Level: IFC's net debt to equity ratio (11%) is considered satisfactory.
Reducing Debt: IFC's debt to equity ratio has increased from 23.5% to 32.8% over the past 5 years.
Debt Coverage: IFC's debt is well covered by operating cash flow (54.8%).
Interest Coverage: IFC's interest payments on its debt are well covered by EBIT (14.1x coverage).
Balance Sheet
Dividend
What is Intact Financial current dividend yield, its reliability and sustainability?
2.24%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: IFC's dividend (2.24%) is higher than the bottom 25% of dividend payers in the Canadian market (1.59%).
High Dividend: IFC's dividend (2.24%) is low compared to the top 25% of dividend payers in the Canadian market (4.6%).
Stability and Growth of Payments
Stable Dividend: IFC's dividends per share have been stable in the past 10 years.
Growing Dividend: IFC's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (30.1%), IFC's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: IFC's dividends in 3 years are forecast to be well covered by earnings (30.4% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
6.8yrs
Average management tenure
CEO
Charles J. Brindamour (51 yo)
14yrs
Tenure
CA$10,113,249
Compensation
Mr. Charles J. G. Brindamour, B.Sc., serves as an Independent Director at Canadian Imperial Bank of Commerce since February 1, 2020. He has been the Chief Executive Officer at Intact Financial Corporation...
CEO Compensation Analysis
Compensation vs Market: Charles J.'s total compensation ($USD8.08M) is above average for companies of similar size in the Canadian market ($USD5.90M).
Compensation vs Earnings: Charles J.'s compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: IFC's management team is seasoned and experienced (6.8 years average tenure).
Board Members
Experienced Board: IFC's board of directors are considered experienced (6.7 years average tenure).
Ownership
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
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 23.1%.
Top Shareholders
Company Information
Intact Financial Corporation's employee growth, exchange listings and data sources
Key Information
- Name: Intact Financial Corporation
- Ticker: IFC
- Exchange: TSX
- Founded: 1809
- Industry: Property and Casualty Insurance
- Sector: Insurance
- Implied Market Cap: CA$28.559b
- Shares outstanding: 176.08m
- Website: https://www.intactfc.com
Number of Employees
Location
- Intact Financial Corporation
- 700 University Avenue
- Suite 1500-A
- Toronto
- Ontario
- M5G 0A1
- Canada
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/18 01:09 |
| End of Day Share Price | 2022/01/17 00:00 |
| Earnings | 2021/09/30 |
| Annual Earnings | 2020/12/31 |
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.