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IGM Financial Inc.

Financial Services CA IGM

46.17CAD
0.25(0.54%)

Last update at 2025-01-03T21:00:00Z

Day Range

45.9246.34
LowHigh

52 Week Range

30.4544.85
LowHigh

Fundamentals

  • Previous Close 45.92
  • Market Cap10507.32M
  • Volume174808
  • P/E Ratio12.06
  • Dividend Yield5.07%
  • EBITDA1438.97M
  • Revenue TTM3713.39M
  • Revenue Per Share TTM15.64
  • Gross Profit TTM 1365.46M
  • Diluted EPS TTM3.68

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 1122.94M 1267.65M 965.38M 968.67M 986.09M
Minority interest -5.33400M -1.93800M 48.91M 48.91M 48.91M
Net income 867.24M 978.95M 764.41M 748.95M 776.17M
Selling general administrative 475.19M 2066.41M 1942.01M 545.64M 537.93M
Selling and marketing expenses - - - - -
Gross profit 1605.13M 3251.63M 2867.55M 2026.22M 2000.47M
Reconciled depreciation 103.99M 99.82M 83.50M 79.50M 56.06M
Ebit 1236.71M 1381.59M 1075.97M 1077.05M 1106.95M
Ebitda 1340.70M 1481.40M 1159.47M 1156.55M 1163.01M
Depreciation and amortization 103.99M 99.82M 83.50M 79.50M 56.06M
Non operating income net other - - - - -
Operating income 1236.71M 1381.59M 1075.97M 1077.05M 1406.47M
Other operating expenses 2429.41M 2402.38M 2225.17M 1726.30M 1692.64M
Interest expense 113.77M 113.94M 110.60M 108.39M 120.86M
Tax provision 250.37M 286.76M 200.77M 219.72M 209.92M
Interest income 96.99M 82.43M 39.83M 3.16M 29.10M
Net interest income -113.76800M -113.93600M -110.59700M -108.38600M -120.85900M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense 250.37M 286.76M 200.77M 219.72M 209.92M
Total revenue 3455.36M 3587.60M 3150.72M 3127.38M 3099.11M
Total operating expenses 579.18M 2066.41M 1942.01M 625.13M 594.00M
Cost of revenue 1850.23M 335.97M 283.16M 1101.16M 1098.64M
Total other income expense net -113.76800M -113.93600M -110.59700M -108.38600M -420.38200M
Discontinued operations - - - - -
Net income from continuing ops 872.58M 980.89M 764.61M 748.95M 776.17M
Net income applicable to common shares 867.24M 978.95M 764.41M 746.73M 767.32M
Preferred stock and other adjustments - - - - -
Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Total assets 18663.28M 18873.18M 17660.59M 16062.35M 15391.48M
Intangible assets 1250.71M 1363.64M 1356.70M 1321.59M 1230.13M
Earning assets - - - - -
Other current assets -918.47700M 4347.35M 2238.62M 1100.78M 576.47M
Total liab 11942.87M 12610.09M 11159.42M 11019.56M 10892.38M
Total stockholder equity 6660.46M 6196.41M 6449.83M 4993.88M 4499.10M
Deferred long term liab - 428.58M 377.65M 279.85M 194.54M
Other current liab 1545.07M 177.47M 265.70M 168.69M 169.03M
Common stock 1690.63M 1672.80M 1658.68M 1598.38M 1597.86M
Capital stock 1690.63M 1672.80M 1658.68M 1598.38M 1597.86M
Retained earnings 4595.62M 4106.71M 3857.00M 3207.47M 2980.26M
Other liab - 4329.15M 4657.54M 5416.98M 8095.99M
Good will 2636.77M 2802.17M 2802.07M 2803.07M 2660.27M
Other assets - 373.59M 408.99M 365.49M 272.23M
Cash 544.63M 1072.89M 1292.45M 771.59M 720.00M
Cash and equivalents - 726.63M 966.22M 694.97M 652.02M
Total current liabilities 2926.86M 2835.65M 3225.76M 3521.73M 3578.89M
Current deferred revenue - - - - -
Net debt 6713.13M 5830.34M 6063.44M 7690.64M 8384.08M
Short term debt 937.10M 2150.61M 2406.62M 2866.46M 2974.90M
Short long term debt 2298.44M 2150.61M 2406.62M 2866.46M 2974.90M
Short long term debt total 7257.77M 6903.23M 7355.89M 8462.22M 9104.08M
Other stockholder equity -4537.69400M 54.13M 51.07M 51.66M 48.68M
Property plant equipment - 326.29M 315.96M 329.69M 216.96M
Total current assets 10114.27M 11428.69M 10580.85M 9234.98M 9186.65M
Long term investments 3801.39M 2358.89M 2154.84M 1970.19M 2111.24M
Net tangible assets - 2030.60M 2291.06M 869.21M 608.70M
Short term investments 721.38M 602.61M 1291.43M 593.27M 301.20M
Net receivables 373.84M 5405.83M 5758.34M 6806.68M 7604.18M
Long term debt 4789.39M 5762.64M 4751.29M 5407.43M 7540.04M
Inventory -142.21900M - - - -
Accounts payable 444.69M 507.57M 553.43M 486.57M 434.96M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income 316.29M 362.77M 883.08M 136.36M -127.70200M
Additional paid in capital - - - - -
Common stock total equity - - - 1598.38M 1597.86M
Preferred stock total equity - - - - -
Retained earnings total equity - - - - -
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other -214.16900M 592.08M 420.89M 318.20M 210.91M
Deferred long term asset charges - - - - -
Non current assets total 8549.01M 7444.48M 7079.74M 6827.38M 6204.83M
Capital lease obligations 169.94M 192.79M 197.97M 188.33M 90.45M
Long term debt total - 5955.43M 6198.09M 6919.12M 7630.48M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments 134.71M 216.43M 673.38M 426.63M 30.03M
Change to liabilities 0.00000M 0.00000M 0.00000M 0.00000M 0.00000M
Total cashflows from investing activities 134.71M 1099.12M 673.38M 426.63M 30.03M
Net borrowings -25.59200M -23.02300M -25.57900M 226.63M -325.00000M
Total cash from financing activities -1091.93400M -1521.84400M -1358.42200M -1068.92200M -1131.79800M
Change to operating activities -3.68000M -38.34200M 26.77M 9.32M 51.63M
Net income 1122.94M 1267.65M 965.38M 968.67M 986.09M
Change in cash -219.55400M 520.86M 51.58M 69.78M -316.61500M
Begin period cash flow 1292.45M 771.59M 720.00M 650.23M 966.84M
End period cash flow 1072.89M 1292.45M 771.59M 720.00M 650.23M
Total cash from operating activities 737.67M 943.59M 736.62M 712.07M 785.15M
Issuance of capital stock 42.55M 55.90M 0.50M 4.85M 7.75M
Depreciation 103.99M 99.82M 83.50M 79.50M 56.06M
Other cashflows from investing activities 279.49M 1185.03M 781.18M 509.57M 86.30M
Dividends paid 537.20M 537.03M 536.19M 543.47M 550.61M
Change to inventory - - - - -
Change to account receivables - - - - -
Sale purchase of stock -115.66700M 55.90M 1568.52M -249.96300M 7.75M
Other cashflows from financing activities 1170.87M 1425.00M 1562.69M 1703.79M 1970.49M
Change to netincome -307.47500M -153.51800M -174.48600M -148.08000M -113.16800M
Capital expenditures 144.78M 85.92M 107.80M 82.93M 56.27M
Change receivables - - - - -
Cash flows other operating - - - - -
Exchange rate changes - - - - -
Cash and cash equivalents changes - - - - -
Change in working capital -3.68000M -38.34200M 26.77M 9.32M 51.63M
Stock based compensation - - - - -
Other non cash items -485.58700M -385.53600M -339.02100M -345.41200M -308.62500M
Free cash flow 592.89M 857.67M 628.83M 629.13M 728.89M

Peer Comparison

Sector: Financial Services Industry: Asset Management

Company Change (CAD) Price (CAD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
IGM
IGM Financial Inc.
0.25 0.54% 46.17 12.06 10.57 2.83 1.40 5.14 13.59
BN
Brookfield Corporation
0.60 0.72% 83.49 100.56 12.82 1.23 2.10 3.32 10.38
BAM
Brookfield Asset Management Ltd
0.69 0.88% 79.02 51.98 30.67 58.11 7.37 61.42 46.15
PHYS
Sprott Physical Gold Trust
-0.13 0.44% 29.35 6.64 - 6.67 1.14 6.62 0.66
ONEX
Onex Corp
2.27 2.02% 114.60 9.81 222.22 9.83 0.69 10.05 19.37

Reports Covered

Stock Research & News

Profile

IGM Financial Inc. operates as a wealth and asset management company in Canada. It operates through Wealth Management and Asset Management segments. The Wealth Management segment offers investments that are focused on providing financial planning and related services; and provides mutual fund management and discretionary portfolio management services. The Asset Management segment provides investment management services to a suite of investment funds distributed through third party dealers and financial advisors. It also offers insurance and banking products and services. The company was incorporated in 1978 and is based in Winnipeg, Canada. IGM Financial Inc. operates as a subsidiary of Power Financial Corporation.

IGM Financial Inc.

447 Portage Avenue, Winnipeg, MB, Canada, R3B 3H5

Key Executives

Name Title Year Born
Mr. James O'Sullivan Pres, CEO & Director 1964
Mr. Michael Dibden COO & Exec. VP NA
Mr. Damon Murchison Pres & CEO of IG Wealth Management NA
Mr. Luke Gould Pres & CEO of Mackenzie Investments NA
Mr. Keith Potter Exec. VP & CFO NA
Ms. Rhonda Suzanne Goldberg Exec. VP & Gen. Counsel NA
Mr. Douglas Gordon McIntosh Milne Exec. VP and Chief Marketing & Strategy Officer NA
Ms. Cynthia Currie Exec. VP & Chief HR Officer NA
Mr. Jeffrey Robert Carney CFA Advisor 1962
Ms. Kristin Elizabeth Ashcroft Exec. Vice-Pres of Products & Solutions for Mackenzie Investments NA

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