Executive Summary
Intact Financial Corporation, through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada and the United States. More Details
Rewards
Risk Analysis
Snowflake Analysis
High growth potential established dividend payer.
Similar Companies
Share Price & News
How has Intact Financial's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: IFC is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: IFC's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
-0.7%
IFC
-3.0%
CA Insurance
-3.3%
CA Market
1 Year Return
0.2%
IFC
-10.5%
CA Insurance
-0.4%
CA Market
Return vs Industry: IFC exceeded the Canadian Insurance industry which returned -9.1% over the past year.
Return vs Market: IFC underperformed the Canadian Market which returned 1.6% over the past year.
Shareholder returns
| IFC | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.7% | -3.0% | -3.3% |
| 30 Day | -5.8% | 2.8% | 0.2% |
| 90 Day | 3.2% | 16.9% | 14.2% |
| 1 Year | 2.7%0.2% | -5.8%-10.5% | 3.3%-0.4% |
| 3 Year | 49.8%38.7% | 10.2%-3.3% | 13.7%2.8% |
| 5 Year | 96.1%72.3% | 41.0%15.5% | 59.6%35.0% |
Long-Term Price Volatility Vs. Market
How volatile is Intact Financial's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 months ago | Simply Wall St
Is Intact Financial Corporation (TSE:IFC) A Great Dividend Stock?3 months ago | Simply Wall St
What Can We Learn About Intact Financial's (TSE:IFC) CEO Compensation?6 months ago | Simply Wall St
Is Intact Financial Corporation's (TSE:IFC) Recent Performancer Underpinned By Weak Financials?Valuation
Is Intact Financial undervalued compared to its fair value and its price relative to the market?
32.1%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: IFC (CA$143) is trading below our estimate of fair value (CA$210.62)
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 (22.8x) compared to the CA Insurance industry average (11.3x).
PE vs Market: IFC is poor value based on its PE Ratio (22.8x) compared to the Canadian market (16.9x).
Price to Earnings Growth Ratio
PEG Ratio: IFC is good value based on its PEG Ratio (0.8x)
Price to Book Ratio
PB vs Industry: IFC is overvalued based on its PB Ratio (2.5x) compared to the CA Insurance industry average (1x).
Next Steps
Future Growth
How is Intact Financial forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
28.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: IFC's forecast earnings growth (28.5% per year) is above the savings rate (1.5%).
Earnings vs Market: IFC's earnings (28.5% per year) are forecast to grow faster than the Canadian market (26.3% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: IFC's revenue (24.9% per year) is forecast to grow faster than the Canadian market (8% per year).
High Growth Revenue: IFC's revenue (24.9% per year) is forecast to grow faster 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 (14.1%).
Next Steps
Past Performance
How has Intact Financial performed over the past 5 years?
4.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: IFC has a large one-off loss of CA$377.0M impacting its September 30 2020 financial results.
Growing Profit Margin: IFC's current net profit margins (7.3%) are higher than last year (6.4%).
Past Earnings Growth Analysis
Earnings Trend: IFC's earnings have grown by 4.8% per year over the past 5 years.
Accelerating Growth: IFC's earnings growth over the past year (25.4%) exceeds its 5-year average (4.8% per year).
Earnings vs Industry: IFC earnings growth over the past year (25.4%) underperformed the Insurance industry 29.7%.
Return on Equity
High ROE: IFC's Return on Equity (10.2%) is considered low.
Next Steps
Financial Health
How is Intact Financial's financial position?
Financial Position Analysis
Short Term Liabilities: IFC's short term assets (CA$7.1B) do not cover its short term liabilities (CA$20.8B).
Long Term Liabilities: IFC's short term assets (CA$7.1B) exceed its long term liabilities (CA$4.1B).
Debt to Equity History and Analysis
Debt Level: IFC's debt to equity ratio (26.1%) is considered satisfactory.
Reducing Debt: IFC's debt to equity ratio has increased from 20.9% to 26.1% over the past 5 years.
Debt Coverage: IFC's debt is well covered by operating cash flow (77.2%).
Interest Coverage: IFC's interest payments on its debt are well covered by EBIT (42.7x coverage).
Balance Sheet
Next Steps
Dividend
What is Intact Financial current dividend yield, its reliability and sustainability?
2.32%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: IFC's dividend (2.32%) is higher than the bottom 25% of dividend payers in the Canadian market (1.52%).
High Dividend: IFC's dividend (2.32%) is low compared to the top 25% of dividend payers in the Canadian market (4.9%).
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 reasonable payout ratio (51.7%), IFC's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: IFC's dividends in 3 years are forecast to be well covered by earnings (35.7% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
7.0yrs
Average management tenure
CEO
Charles J. Brindamour (50 yo)
13yrs
Tenure
CA$9,119,934
Compensation
Mr. Charles J. G. Brindamour, B.Sc., serves as Independent Director at Canadian Imperial Bank of Commerce since February 1, 2020. He has been the Chief Executive Officer at Intact Financial Corporation (al...
CEO Compensation Analysis
Compensation vs Market: Charles J.'s total compensation ($USD7.14M) is about average for companies of similar size in the Canadian market ($USD6.58M).
Compensation vs Earnings: Charles J.'s compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 13yrs | CA$9.12m | 0.21% CA$ 43.6m | |
| Senior VP & CFO | 7.08yrs | CA$1.59m | 0.015% CA$ 3.0m | |
| Executive VP & COO | 3yrs | CA$1.81m | 0.013% CA$ 2.7m | |
| President of Canadian Operations | 7.08yrs | CA$3.41m | 0.050% CA$ 10.2m | |
| President of U.S. & Specialty Solutions | 3.33yrs | CA$6.97m | 0.0049% CA$ 1.0m | |
| Deputy Senior VP & Chief Investment Officer of Intact Investment Management Inc | 7yrs | no data | 0.0070% CA$ 1.4m | |
| Senior VP & CTO | 1.67yrs | no data | no data | |
| Senior VP of Investor Relations & Corporate Development | 4yrs | no data | 0.0064% CA$ 1.3m | |
| Senior VP of Corporate & Legal Services and Secretary | 4.67yrs | no data | 0.0048% CA$ 981.7k | |
| Senior VP of Direct Distribution & Chief Marketing Officer | 8yrs | no data | 0.0048% CA$ 983.7k | |
| Senior VP & Chief Human Resources Officer | 9.33yrs | no data | 0.0027% CA$ 554.2k | |
| Vice Chairman | 14.75yrs | CA$2.12m | 0.025% CA$ 5.1m |
7.0yrs
Average Tenure
60yo
Average Age
Experienced Management: IFC's management team is seasoned and experienced (7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 13yrs | CA$9.12m | 0.21% CA$ 43.6m | |
| Independent Director | 2.67yrs | CA$264.29k | 0.0057% CA$ 1.2m | |
| Independent Chairman of the Board | 13yrs | CA$464.92k | 0.023% CA$ 4.6m | |
| Independent Director | 16.08yrs | CA$237.67k | 0.0059% CA$ 1.2m | |
| Independent Director | 3.67yrs | CA$236.00k | 0.0014% CA$ 286.3k | |
| Independent Director | 5.67yrs | CA$253.30k | 0.0019% CA$ 378.4k | |
| Independent Director | 7.67yrs | CA$233.58k | 0.00096% CA$ 196.3k | |
| Independent Director | 10.67yrs | CA$249.00k | 0.013% CA$ 2.8m | |
| Independent Director | 7.67yrs | CA$232.00k | 0.0037% CA$ 758.8k | |
| Independent Director | 1.67yrs | CA$153.01k | 0.00035% CA$ 71.6k | |
| Independent Director | 0.67yr | no data | 0.00034% CA$ 69.5k |
7.7yrs
Average Tenure
60yo
Average Age
Experienced Board: IFC's board of directors are considered experienced (7.7 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: IFC insiders have only sold shares 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
Intact Financial Corporation's company bio, 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
- Market Cap: CA$20.452b
- Shares outstanding: 143.02m
- Website: https://www.intactfc.com
Number of Employees
Location
- Intact Financial Corporation
- 700 University Avenue
- Suite 1500
- Toronto
- Ontario
- M5G 0A1
- Canada
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| IFC | TSX (The Toronto Stock Exchange) | Yes | Common Shares | CA | CAD | Dec 2004 |
| I5U | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Dec 2004 |
| IFCZ.F | OTCPK (Pink Sheets LLC) | Yes | Common Shares | US | USD | Dec 2004 |
| IFC.PRA | TSX (The Toronto Stock Exchange) | CL A PFD SH 1 | CA | CAD | Jul 2011 | |
| IFC.PRC | TSX (The Toronto Stock Exchange) | PFD-3 | CA | CAD | Aug 2011 | |
| INTA.F | OTCPK (Pink Sheets LLC) | PFD-3 | US | USD | Aug 2011 | |
| IFC.PRD | TSX (The Toronto Stock Exchange) | NCUM PFD SER 4 | CA | CAD | Oct 2016 | |
| IFCP.F | OTCPK (Pink Sheets LLC) | NCUM PFD SER 4 | US | USD | Oct 2016 | |
| IFC.PRE | TSX (The Toronto Stock Exchange) | 5.2 PF CL A SR 5 | CA | CAD | May 2017 | |
| INFF.F | OTCPK (Pink Sheets LLC) | 5.2 PF CL A SR 5 | US | USD | May 2017 | |
| IFC.PRF | TSX (The Toronto Stock Exchange) | PFD CL A SER 6 | CA | CAD | Aug 2017 | |
| IFC.PRI | TSX (The Toronto Stock Exchange) | 5.40 PFD A SER 9 | CA | CAD | Feb 2020 |
Biography
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; a...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/27 23:43 |
| End of Day Share Price | 2021/01/27 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.