IGM Financial Inc.
stock CA:IGM (TORONTO)

Alternative ID: CA4495861060

Watch List

  • Exchange: TORONTO
  • Sector: Financial
  • Industry: Asset Management
  • Market Cap: Mid (9.24B)
  • Data in CAD
  • EPS: 3.21
  • Current PE: 118.49
  • BVPS: 26.07
  • Price/BVPS: 14.58
  • Dividend: 2.25 / 5.8%
  • Hist Grade: C (59.06)
  • YOY Grade: E (25.77)
  • Debt/FCF: 2.45
  • ROIC: 14.5%
  • PEG: 25.21
  • PEGY: 11.29
  • Value Price: 16.77
  • MOS Price: 8.39
  • MOS %: -95.6%
  • Graham Number: 43.38
  • Graham MOS %: -88.6%
  • IRT: 33.99

Market Price

380.12 

2.84 0.8%

as of Jun 02 '23

52 Week Range:

33.45 382.39

Stock Analyzer Tutorials

S2O Stock Analyzer - General Info

General Info


type: video (mp4); length: 3:30

Demonstrates how to use Stock Analyzer, shows how to analyze a stock and explains in detail "General Info" section of the Stock Analyzer result page.

S2O Stock Analyzer - Financial Statements

Financial Statements


type: video (mp4); length: 5:10

Explains information presented in the Financial Statements section of the S2O Stock Analyzer: financial statements charts, absolute values and growth rates.

S2O Stock Analyzer - Growth Grade and Financial Ratios

Growth Grade and Financial Ratios


type: video (mp4); length: 5:09

Demonstrates how to use Growth Grade & Financial Ratios section; shows the difference between historical and year-over-year Growth Grade on the real life example.

S2O Stock Analyzer - Value Price

Value Price


type: video (mp4); length: 6:03

Demonstrates how to use Value Price (intrinsic value) and the Graham Number, MOS (margin of safety) and IRT - Investment Recovery Time; explains 3 different projection models used to compute value price - pessimistic, moderate and optimistic.

S2O Stock Analyzer - Price Charts

Price Charts


type: video (mp4); length: 8:34

Demonstrates basic rules of how to read a candlestick chart, long and short term moving averages, stochastic, MACD and relative strength (RS) charts. Explains how bull or bear market condition is computed.

General Info

  • Exchange: TORONTO
  • Sector: Financial
  • Industry: Asset Management
  • Market Cap: Mid (9.24B)
  • Inst. Ownership: 8.31%
  • Insider Ownership: 66.22%
  • Full Time Employees: 3300
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; IG Living Plan that provides financial planning services, such as investment vehicles, insurance products, mortgage and banking solutions, and charitable giving program; IG Wealth Management Advisor Portal, a customer relationship management platform; and IG Wealth Management's dealer platform, which provides increased automation and supports both MFDA and IIROC licensed advisors, as well as new products on its investment dealer platform. It also provides mutual funds; portfolios; 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 and fee-based brokerage 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. is a subsidiary of Power Financial Corporation.

Financial Statements

The charts below show selected Annual and Quarterly Financial Data.

The purpose of these charts is to discover long and short term change dynamics. When numbers are growing year after year in the annual statements chart, the business become stronger and stronger and this is a good sign.

Quarterly Data Chart can be used to do a short term analysis. It makes sense to pay attention to the quarterly dynamics and do not wait for the next yearly statement. We should be alerted if we see that quarterly numbers are going down.

You can check "Annual Financial Statements" and "Quarterly Financial Statements" sections for exact numbers and growth rates.

Annual Statements

On a charts below the Line shows absolute values and the Bar chart shows Year-Over-Year Growth Rate for selected financial statement item. A consistent GROWTH is generally considered necessary to fund future growth from within a business.
NOTE: Growth Rate is not provided if either the latest period or the year-ago period contains a net loss. (source: WSJ Digest of Earnings)
TIP! move your mouse pointer over bar or a circle on any chart below to see details.

Financial Statements

Income Statement


 

Cash Flow Statement


 

Balance Sheet


 

Liquidity Ratios

Current Ratio

 

Current Ratio measures the ability to meet short term obligations. Generally accepted standard is 2 (current assets should be 2 times or 200% of current liabilities).

Quick Ratio

 

Measures immediate liquidity or the cash available to cover immediate liabilities. A safe margin would be at least 1 (100%).

Financial Leverage

 

Defined as total assets divided by total shareholders' equity. The higher the ratio, the more debt a company uses in its capital structure.

Profitability Ratios

ROA

 

Return on Assets (ROA) measures the income (profit) that is generated by the use of the assets of the business.

ROE

 

Return on Equity (ROE) is a measure of profitability that calculates how many dollars of profit a company generates with each dollar of shareholders equity. ROE is sometimes called "return on net worth."

ROIC

 

The Return on Invested Capital (ROIC) measure gives a sense of how well a company is using its money to generate returns. Some investors use this figure as a final evaluation to determine whether or not to invest in a company.

Annual Statements

Item Name Dec '11 Dec '12 Dec '13 Dec '14 Dec '15 Dec '16 Dec '17 Dec '18 Dec '19 Dec '20 Dec '21
Equity (BVPS) 16.59
17.08
17.80
18.77
19.11
18.99
19.66
18.27
18.57
20.63
26.07
growth rate 3.0% 4.2% 5.5% 1.8% -0.6% 3.5% -7.1% 1.6% 11.1% 26.4%
Earnings BIT 1,100.00
962.59
1,104.33
1,187.32
1,215.01
1,167.83
1,319.71
1,294.90
1,248.95
1,298.93
1,492.99
growth rate -12.5% 14.7% 7.5% 2.3% -3.9% 13.0% -1.9% -3.6% 4.0% 14.9%
Avg.PE 13.68
13.93
18.59
14.71
11.07
13.09
16.18
10.73
12.80
11.43
11.61
growth rate 1.8% 33.5% -20.9% -24.8% 18.3% 23.6% -33.7% 19.3% -10.7% 1.6%
ROA 8.99
6.60
6.13
5.52
5.28
5.06
3.75
4.78
4.82
4.86
5.81
growth rate -26.6% -7.1% -10.0% -4.4% -4.2% -25.9% 27.5% 0.8% 0.8% 19.6%
ROE 20.79
17.63
17.19
16.29
16.44
16.58
12.98
16.82
16.69
16.10
17.11
growth rate -15.2% -2.5% -5.2% 0.9% 0.9% -21.7% 29.6% -0.8% -3.5% 6.3%
ROIC 16.66
9.49
7.58
6.82
6.52
6.33
4.92
6.13
6.09
6.30
7.83
growth rate -43.0% -20.1% -10.0% -4.4% -2.9% -22.3% 24.6% -0.7% 3.5% 24.3%
Cur. Ratio 3.40
3.23
3.31
2.96
2.81
2.60
2.58
2.57
2.62
3.28
growth rate -5.0% 2.5% -10.6% -5.1% -7.5% -0.8% -0.4% 2.0% 25.2%
Quick Ratio 3.40
3.23
3.31
2.96
2.67
2.46
2.43
2.41
2.32
2.59
growth rate -5.0% 2.5% -10.6% -9.8% -7.9% -1.2% -0.8% -3.7% 11.6%
Leverage 2.57
2.78
2.83
3.07
3.16
3.40
3.53
3.51
3.42
3.22
2.74
growth rate 8.2% 1.8% 8.5% 2.9% 7.6% 3.8% -0.6% -2.6% -5.9% -14.9%
Balance Sheet Dec '11 Dec '12 Dec '13 Dec '14 Dec '15 Dec '16 Dec '17 Dec '18 Dec '19 Dec '20 Dec '21
Acct.Receivable 281.98
307.91
6,252.08
7,512.31
7,675.61
8,283.97
8,203.86
8,066.96
7,604.18
6,806.68
5,758.34
growth rate 9.2% 1,930.5% 20.2% 2.2% 7.9% -1.0% -1.7% -5.7% -10.5% -15.4%
Acct.Payable 352.26
374.37
386.73
431.05
406.82
397.38
434.96
486.58
553.43
growth rate 6.3% 3.3% 11.5% -5.6% -2.3% 9.5% 11.9% 13.7%
Cur.Assets 0.00
0.00
7,456.49
8,847.07
9,053.40
9,460.10
9,792.96
9,367.85
8,956.82
8,718.07
9,437.17
growth rate 18.7% 2.3% 4.5% 3.5% -4.3% -4.4% -2.7% 8.3%
Total Assets 11,160.10
11,962.00
12,880.17
14,417.18
14,831.49
15,625.29
16,499.45
15,608.71
15,391.48
16,062.35
17,660.59
growth rate 7.2% 7.7% 11.9% 2.9% 5.4% 5.6% -5.4% -1.4% 4.4% 10.0%
Cash 1,052.40
1,059.10
1,082.44
1,215.98
983.01
611.03
966.84
650.23
720.01
771.59
1,292.45
growth rate 0.6% 2.2% 12.3% -19.2% -37.8% 58.2% -32.8% 10.7% 7.2% 67.5%
Inventory 0.00 0.00
growth rate
Cur.Liabilities 0.00
0.00
544.57
570.98
601.09
599.35
741.22
614.51
603.99
689.78
4,234.43
growth rate 4.9% 5.3% -0.3% 23.7% -17.1% -1.7% 14.2% 513.9%
Liabilities 6,671.60
7,522.00
8,172.57
9,576.30
10,104.79
10,878.53
11,674.45
11,007.15
10,892.38
11,019.56
11,159.42
growth rate 12.8% 8.7% 17.2% 5.5% 7.7% 7.3% -5.7% -1.0% 1.2% 1.3%
LT Debt 2,011.00
2,012.00
6,917.02
1,354.78
1,375.62
1,350.91
2,031.61
1,857.09
2,101.95
2,101.76
2,101.28
growth rate 0.1% 243.8% -80.4% 1.5% -1.8% 50.4% -8.6% 13.2% 0.0% 0.0%
Equity 4,488.50
4,440.00
4,557.60
4,690.88
4,576.71
4,596.76
4,675.00
4,451.57
4,499.10
4,993.88
6,449.83
growth rate -1.1% 2.7% 2.9% -2.4% 0.4% 1.7% -4.8% 1.1% 11.0% 29.2%
Common Shares 259.00
255.00
252.00
253.00
248.00
241.00
241.00
1,611.26
1,597.86
1,598.38
1,658.68
growth rate -1.5% -1.2% 0.4% -2.0% -2.8% 0.0% 568.6% -0.8% 0.0% 3.8%
Cash Flow Statement Dec '11 Dec '12 Dec '13 Dec '14 Dec '15 Dec '16 Dec '17 Dec '18 Dec '19 Dec '20 Dec '21
Capital Expenditures 19.80
30.80
14.34
18.01
36.81
42.31
16.55
7.12
18.81
38.99
10.64
growth rate 55.6% -53.4% 25.6% 104.4% 14.9% -60.9% -57.0% 164.3% 107.3% -72.7%
Cash Dividends 545.00
557.80
550.73
551.10
569.00
553.30
550.13
550.61
543.47
536.19
537.03
growth rate 2.4% -1.3% 0.1% 3.3% -2.8% -0.6% 0.1% -1.3% -1.3% 0.2%
Cash From OA 776.60
709.60
715.26
740.94
710.40
736.65
672.10
785.15
712.07
736.63
943.59
growth rate -8.6% 0.8% 3.6% -4.1% 3.7% -8.8% 16.8% -9.3% 3.5% 28.1%
FCF per Share 2.96
2.60
2.71
2.82
2.12
2.32
2.56
2.93
2.77
2.49
3.18
growth rate -12.2% 4.2% 4.1% -24.8% 9.4% 10.3% 14.5% -5.5% -10.1% 27.7%
Sale Purchase of Stock 59.79
34.02
14.23
3.38
5.07
growth rate -43.1% -58.2% -76.3% 50.2%
FCF 747.00
664.00
662.00
684.00
509.00
630.00
607.00
729.00
629.00
629.00
858.00
growth rate -11.1% -0.3% 3.3% -25.6% 23.8% -3.7% 20.1% -13.7% 0.0% 36.4%
Income Statement Dec '11 Dec '12 Dec '13 Dec '14 Dec '15 Dec '16 Dec '17 Dec '18 Dec '19 Dec '20 Dec '21
Sales 2,629.60
2,485.00
2,720.82
3,057.48
3,160.05
3,173.48
3,292.01
3,414.27
3,393.33
3,449.65
3,895.37
growth rate -5.5% 9.5% 12.4% 3.4% 0.4% 3.7% 3.7% -0.6% 1.7% 12.9%
Op.Income 1,097.30
958.20
1,104.33
1,187.32
1,215.01
1,167.83
1,319.71
1,294.90
1,248.95
1,298.93
1,492.99
growth rate -12.7% 15.3% 7.5% 2.3% -3.9% 13.0% -1.9% -3.6% 4.0% 14.9%
IBT 1,097.30
962.59
981.38
964.96
990.79
946.94
784.65
986.09
968.67
965.38
1,267.65
growth rate -12.3% 2.0% -1.7% 2.7% -4.4% -17.1% 25.7% -1.8% -0.3% 31.3%
Net Income 909.40
767.70
770.75
762.10
780.54
779.30
610.77
776.17
748.95
764.41
978.95
growth rate -15.6% 0.4% -1.1% 2.4% -0.2% -21.6% 27.1% -3.5% 2.1% 28.1%
EPS 3.48
2.97
3.02
2.98
3.11
3.19
2.50
3.18
3.12
3.21
4.08
growth rate -14.7% 1.7% -1.3% 4.4% 2.6% -21.6% 27.2% -1.9% 2.9% 27.1%
Gross Profit 1,837.59
1,719.26
1,157.28
1,244.09
1,270.84
1,223.27
1,375.85
1,351.72
1,276.79
1,327.54
1,520.10
growth rate -6.4% -32.7% 7.5% 2.2% -3.7% 12.5% -1.8% -5.5% 4.0% 14.5%

Quarterly Statements

Item Name Jun '21 Sep '21 Dec '21 Mar '22 Jun '22
Earnings BIT 335.60
378.60
488.63
312.05
296.16
growth rate 12.8% 29.1% -36.1% -5.1%
Balance Sheet Jun '21 Sep '21 Dec '21 Mar '22 Jun '22
Acct.Receivable 6,306.66
5,995.93
5,758.34
5,558.86
5,505.60
growth rate -4.9% -4.0% -3.5% -1.0%
Acct.Payable 503.96
530.89
553.43
480.77
500.91
growth rate 5.3% 4.3% -13.1% 4.2%
Cur.Assets 8,849.94
8,889.79
9,437.17
9,522.38
9,461.12
growth rate 0.5% 6.2% 0.9% -0.6%
Total Assets 16,896.65
16,995.36
17,660.59
17,569.25
17,083.87
growth rate 0.6% 3.9% -0.5% -2.8%
Cash 966.81
1,123.05
1,292.45
1,184.69
969.11
growth rate 16.2% 15.1% -8.3% -18.2%
Cur.Liabilities 3,127.25
3,360.90
4,234.43
4,230.44
4,378.29
growth rate 7.5% 26.0% -0.1% 3.5%
Liabilities 10,776.84
10,695.37
11,159.42
11,151.56
11,049.20
growth rate -0.8% 4.3% -0.1% -0.9%
LT Debt 2,100.00
2,100.00
2,101.28
2,100.00
2,100.00
growth rate 0.0% 0.1% -0.1% 0.0%
Equity 6,069.86
6,249.30
6,449.83
6,365.50
5,981.24
growth rate 3.0% 3.2% -1.3% -6.0%
Common Shares 1,621.17
1,633.50
1,658.68
1,688.71
1,672.38
growth rate 0.8% 1.5% 1.8% -1.0%
Cash Flow Statement Jun '21 Sep '21 Dec '21 Mar '22 Jun '22
Capital Expenditures 3.07
-0.30
2.63
12.27
13.08
growth rate -100.0% 100.0% 366.2% 6.7%
Cash Dividends 134.09
134.37
134.52
134.82
135.02
growth rate 0.2% 0.1% 0.2% 0.2%
Cash From OA 237.02
324.97
329.16
64.95
219.73
growth rate 37.1% 1.3% -80.3% 238.3%
Sale Purchase of Stock
growth rate
FCF 233.95
324.67
326.53
52.69
206.65
growth rate 38.8% 0.6% -83.9% 292.2%
Income Statement Jun '21 Sep '21 Dec '21 Mar '22 Jun '22
Sales 926.58
976.89
1,110.73
943.42
902.14
growth rate 5.4% 13.7% -15.1% -4.4%
Op.Income 335.60
378.60
488.63
312.05
296.16
growth rate 12.8% 29.1% -36.1% -5.1%
IBT 307.10
349.96
348.55
283.92
267.77
growth rate 14.0% -0.4% -18.5% -5.7%
Net Income 237.39
270.85
268.53
219.32
207.10
growth rate 14.1% -0.9% -18.3% -5.6%
EPS
growth rate
Gross Profit 335.60
378.60
515.75
312.05
296.16
growth rate 12.8% 36.2% -39.5% -5.1%

Growth Grade & Financial Ratios

All financial ratios below are calculated based on latest annual statements available and present the most up to date snapshot of a company finances.

Growth Grade

Historical Growth Grade:

C (59.06)

YOY Growth Grade:

E (25.77)

Click on buttons above for detailed yearly growth rates.

Market Ratios

  • Dividend Yield: 5.8%

  • Beta: 1.63

    Beta of 1.6258 suggests that the asset is more volatile than the rest of the market.

  • PE: 118.49

  • EY: 0.8%

  • PEG: 25.21

    PEG Ratio of 25.21 suggests that stock is overpriced.

  • PEGY: 11.29

    PEGY Ratio of 11.29 suggests that stock is overpriced.

  • Price/BVPS: 14.58

Profitability Ratios

  • ROE: 17.1%

    Return on Equity (ROE) of 17.1% suggests that a company is doing well.

  • ROS: 38.3%

    The value of Return on Sales depends on the business and/or industry. Usually the higher ratio the better.

  • ROA: 7.2%

    Return on Assets (ROA). Low ratio usually means poor performance, or ineffective use of assets by management. High ratio usually means good performance.

  • ROI: 19.7%

    Return on Investment (ROI) of 19.7% suggests that a company is doing well.

  • ROIC: 14.5%

    Return on Invested Capital (ROIC) of 14.5% suggests that management is inefficient or it could reflect a highly capitalized, conservatively operated business with little long term debt.

Liquidity Ratios

  • Current Ratio: 2.23

    Current Ratio of 2.23 suggests that money that could be working for the business is tied up in government securities, cash savings or other safe funds.

  • Quick Ratio: 1.67

    Quick Ratio of 1.67 suggests that a company is doing well.

  • Cash Turnover: 0.75

    Turnover Of Cash Ratio of 0.75 suggests that a company may have funds tied up in short-term low-yielding assets or may have a cash surplus, which is not invested in the business.

  • Equity Ratio: 36.5%

    Equity Ratio of 36.5% suggests that a company has high financing and debt service costs, not very attractive to investors.

  • Debt/Equity: 173.0%

    Debt to Equity Ratio of 173.0% suggests that greater risk assumed by creditors, hence greater interest by them in the way the company is being managed.

  • Debt/FCF: 2.45

    Debt/FCF of 2.45 suggests that a company is doing well and can pay off its long term debt within three years.

Efficiency Ratios

  • Avg Collection Period: 539.56

    Average Collection Period of 539.56 days suggests a slow turnover, which may be the result of a number of bad accounts, or a tax collection policy or perhaps credit is being used to generate sales.

  • Inventory Turnover:

  • Cash Flow Ratio: 13.99

    Cash Flow Ratio of 13.99 suggests a company is doing OK, but lower inventory is generally viewed as a positive trend.

  • Profit Margin: 25.1%

Value Price

PE and EPS

Historical Current Forward
PE 12.05 118.49 9.64
EPS / Growth 4.3% 3.21 4.7%

Value Price & Investment Recovery Time

Read more about Stock2Own value price in Stock Market: Fundamental Analysis.

Equity Growth Rate: 10.0%

Estimates Pessimistic Moderate Optimistic My Numbers
Rate of Return 15.0%
MOS Price % 50 %
Future EPS Growth 4.3% 6.3% 6.3%
Future PE 8.54 11.45 11.45
Future EPS 4.87 5.93 5.93
Value Price
MOS %		 10.29
-97.3% 		16.77
-95.6% 		16.77
-95.6%
MOS Price 5.14 8.39 8.39
IRT 42.25 33.99 33.99

Graham Number:

NOTE: The Graham Number applies only to certain types of stocks in combination with a number of other criteria.

Read more about Graham Number in Stock Market: Fundamental Analysis.

  • Graham Number: 43.38
  • Graham MOS: -88.6%

Price Chart

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