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IGM Financial Inc.

Financial Services CA IGM

35.61CAD
0.78(2.24%)

Last update at 2024-05-02T19:41:00Z

Day Range

34.8035.67
LowHigh

52 Week Range

29.8641.41
LowHigh

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 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
Total assets 18873.18M 17660.59M 16062.35M 15391.48M 15608.71M
Intangible assets 1363.64M 1356.70M 1321.59M 1230.13M 1191.07M
Earning assets - - - - -
Other current assets 4347.35M 2238.62M 1100.78M 576.47M 546.79M
Total liab 12610.09M 11159.42M 11019.56M 10892.38M 11007.15M
Total stockholder equity 6196.41M 6449.83M 4993.88M 4499.10M 4601.57M
Deferred long term liab 428.58M 377.65M 279.85M 194.54M 150.50M
Other current liab 177.47M 265.70M 168.69M 169.03M 165.24M
Common stock 1672.80M 1658.68M 1598.38M 1597.86M 1611.26M
Capital stock 1672.80M 1658.68M 1598.38M 1597.86M 1761.26M
Retained earnings 4106.71M 3857.00M 3207.47M 2980.26M 2840.57M
Other liab 4329.15M 4657.54M 5416.98M 8095.99M 8535.54M
Good will 2802.17M 2802.07M 2803.07M 2660.27M 2660.27M
Other assets 373.59M 408.99M 365.49M 272.23M 227.18M
Cash 1072.89M 1292.45M 771.59M 720.00M 650.23M
Cash and equivalents 726.63M 966.22M 694.97M 652.02M 568.43M
Total current liabilities 2835.65M 3225.76M 3521.73M 3578.89M 3734.06M
Current deferred revenue - - - - -
Net debt 5830.34M 6063.44M 7690.64M 8384.08M 8569.97M
Short term debt 2150.61M 2406.62M 2866.46M 2974.90M 3119.55M
Short long term debt 2150.61M 2406.62M 2866.46M 2974.90M 3119.55M
Short long term debt total 6903.23M 7355.89M 8462.22M 9104.08M 9220.19M
Other stockholder equity 54.13M 51.07M 51.66M 48.68M 45.54M
Property plant equipment 326.29M 315.96M 329.69M 216.96M 138.65M
Total current assets 11428.69M 10580.85M 9234.98M 9186.65M 9636.37M
Long term investments 2358.89M 2154.84M 1970.19M 2111.24M 2111.22M
Net tangible assets 2030.60M 2291.06M 869.21M 608.70M 600.23M
Short term investments 602.61M 1291.43M 593.27M 301.20M 372.40M
Net receivables 5405.83M 5758.34M 6806.68M 7604.18M 8066.96M
Long term debt 5762.64M 4751.29M 5407.43M 7540.04M 8012.59M
Inventory - - - - -
Accounts payable 507.57M 553.43M 486.57M 434.96M 397.38M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income 362.77M 883.08M 136.36M -127.70200M -45.79800M
Additional paid in capital - - - - -
Common stock total equity - - 1598.38M 1597.86M 1611.26M
Preferred stock total equity - - - - -
Retained earnings total equity - - - - -
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 592.08M 420.89M 318.20M 210.91M 167.94M
Deferred long term asset charges - - - - -
Non current assets total 7444.48M 7079.74M 6827.38M 6204.83M 5972.35M
Capital lease obligations 192.79M 197.97M 188.33M 90.45M -
Long term debt total 5955.43M 6198.09M 6919.12M 7630.48M 8012.59M
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

Fundamentals

  • Previous Close 34.83
  • Market Cap8470.35M
  • Volume171680
  • P/E Ratio8.85
  • Dividend Yield6.47%
  • EBITDA1449.89M
  • Revenue TTM3967.26M
  • Revenue Per Share TTM16.68
  • Gross Profit TTM 1365.46M
  • Diluted EPS TTM4.02

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.
0.78 2.24% 35.61 8.85 9.56 2.14 1.31 4.30 10.58
BN
Brookfield Corporation
0.41 0.73% 56.78 - 9.54 0.86 1.53 3.88 14.06
BAM
Brookfield Asset Management Ltd
-0.07 0.13% 52.49 648.13 26.60 5.00 6.91 11.10 9.74
PHYS
Sprott Physical Gold
-0.21 0.85% 24.42 162.54 - 11.16 1.07 0.26 0.66
ONEX
Onex Corp
0.53 0.54% 99.05 10.79 222.22 6.56 0.72 10.25 14.94

Reports Covered

Stock Research & News

Profile

IGM Financial Inc. operates as a wealth and asset management company in Canada. It operates through Wealth Management, Asset Management, and Strategic Investments and Other segments. The company offers financial advisory services; and IG Living Plan that provides financial planning services, such as investment vehicles, insurance products, mortgage and banking solutions, and charitable giving program. It also provides mutual funds; managed solutions; IG Advisory Account, a fee-based account that enhances client experience by offering the ability to simplify and consolidate selected investments into a single account; iProfile Private portfolios, a portfolio management program for households with investments; iProfile Portfolios, a suite of four managed solutions; segregated funds; separately managed accounts; insurance products; and securities services. In addition, the company offers management and related services; global private equity, private credit, and infrastructure investment solutions; and exchange traded funds. The company was incorporated in 1978 and is headquartered 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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