Company Valuation: IGM Financial Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 10,933 8,984 8,337 10,928 14,568 19,469 - -
Change - -17.83% -7.2% 31.08% 33.31% 33.64% - -
Enterprise Value (EV) 1 10,933 8,984 8,337 12,579 15,859 20,327 19,860 19,425
Change - -17.83% -7.2% 50.88% 26.08% 28.17% -2.3% -2.19%
P/E 11.2x 10.4x 7.26x 11.7x 13.3x 16.4x 14.5x 14.9x
PBR 1.7x 1.45x 1.24x 1.4x 1.62x 2.11x 1.99x -
PEG - -0.9x 0.2x -0.6x 0.7x 1.6x 1.1x -5.74x
Capitalization / Revenue 3.17x 2.68x 2.57x 3.24x 3.85x 4.7x 4.41x 4.33x
EV / Revenue 3.17x 2.68x 2.57x 3.73x 4.19x 4.91x 4.5x 4.32x
EV / EBITDA 7.07x 6.3x 5.94x 8.87x 9.74x 10.6x 9.67x 9.93x
EV / EBIT 7.97x 7.26x 7.62x 9.39x 10.2x 11.7x 10.7x 10.5x
EV / FCF 11.7x 11.6x 10.3x 11.2x 16.1x 21.6x 18.2x 20.4x
FCF Yield 8.53% 8.63% 9.7% 8.92% 6.22% 4.64% 5.49% 4.91%
Dividend per Share 2 2.25 2.25 2.25 2.25 2.25 2.487 2.552 2.75
Rate of return 4.93% 5.95% 6.43% 4.9% 3.64% 2.96% 3.04% 3.28%
EPS 2 4.08 3.63 4.82 3.93 4.64 5.113 5.78 5.63
Distribution rate 55.1% 62% 46.7% 57.3% 48.5% 48.6% 44.2% 48.8%
Net sales 1 3,448 3,357 3,245 3,375 3,788 4,141 4,417 4,500
EBITDA 1 1,547 1,426 1,404 1,418 1,628 1,918 2,054 1,956
EBIT 1 1,371 1,237 1,095 1,339 1,560 1,734 1,860 1,847
Net income 1 978.9 867.2 1,149 933.5 1,101 1,196 1,329 1,317
Net Debt 1 - - - 1,651 1,291 858 391 -44
Reference price 2 45.62 37.80 35.01 45.91 61.81 83.92 83.92 83.92
Nbr of stocks (in thousands) 239,646 237,668 238,132 238,039 235,696 231,992 - -
Announcement Date 10/02/22 09/02/23 15/02/24 06/02/25 12/02/26 - - -
1CAD in Million2CAD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
16.41x4.91x10.6x2.96% 13.85B
19.72x5.46x11.73x2.17% 163B
15.27x3.57x - 2.36% 161B
17.05x7.54x - 1.47% 106B
25.66x11.99x20.59x4.2% 75.62B
13.83x5.29x - 1.92% 50.16B
12.04x1.82x5.71x1.27% 47.31B
4.71x4.73x4.78x3.76% 33.89B
13.95x5.41x17.88x1.81% 33.82B
Average 15.41x 5.64x 11.88x 2.44% 76.17B
Weighted average by Cap. 16.86x 5.75x 12.66x 2.33%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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  4. Valuation IGM Financial Inc.