IGM Financial Inc
TSX:IGM
US |
Fubotv Inc
NYSE:FUBO
|
Media
|
|
US |
Bank of America Corp
NYSE:BAC
|
Banking
|
|
US |
Palantir Technologies Inc
NYSE:PLTR
|
Technology
|
|
US |
C
|
C3.ai Inc
NYSE:AI
|
Technology
|
US |
Uber Technologies Inc
NYSE:UBER
|
Road & Rail
|
|
CN |
NIO Inc
NYSE:NIO
|
Automobiles
|
|
US |
Fluor Corp
NYSE:FLR
|
Construction
|
|
US |
Jacobs Engineering Group Inc
NYSE:J
|
Professional Services
|
|
US |
TopBuild Corp
NYSE:BLD
|
Consumer products
|
|
US |
Abbott Laboratories
NYSE:ABT
|
Health Care
|
|
US |
Chevron Corp
NYSE:CVX
|
Energy
|
|
US |
Occidental Petroleum Corp
NYSE:OXY
|
Energy
|
|
US |
Matrix Service Co
NASDAQ:MTRX
|
Construction
|
|
US |
Automatic Data Processing Inc
NASDAQ:ADP
|
Technology
|
|
US |
Qualcomm Inc
NASDAQ:QCOM
|
Semiconductors
|
|
US |
Ambarella Inc
NASDAQ:AMBA
|
Semiconductors
|
Utilize notes to systematically review your investment decisions. By reflecting on past outcomes, you can discern effective strategies and identify those that underperformed. This continuous feedback loop enables you to adapt and refine your approach, optimizing for future success.
Each note serves as a learning point, offering insights into your decision-making processes. Over time, you'll accumulate a personalized database of knowledge, enhancing your ability to make informed decisions quickly and effectively.
With a comprehensive record of your investment history at your fingertips, you can compare current opportunities against past experiences. This not only bolsters your confidence but also ensures that each decision is grounded in a well-documented rationale.
Do you really want to delete this note?
This action cannot be undone.
52 Week Range |
33.29
47.19
|
Price Target |
|
We'll email you a reminder when the closing price reaches CAD.
Choose the stock you wish to monitor with a price alert.
Fubotv Inc
NYSE:FUBO
|
US | |
Bank of America Corp
NYSE:BAC
|
US | |
Palantir Technologies Inc
NYSE:PLTR
|
US | |
C
|
C3.ai Inc
NYSE:AI
|
US |
Uber Technologies Inc
NYSE:UBER
|
US | |
NIO Inc
NYSE:NIO
|
CN | |
Fluor Corp
NYSE:FLR
|
US | |
Jacobs Engineering Group Inc
NYSE:J
|
US | |
TopBuild Corp
NYSE:BLD
|
US | |
Abbott Laboratories
NYSE:ABT
|
US | |
Chevron Corp
NYSE:CVX
|
US | |
Occidental Petroleum Corp
NYSE:OXY
|
US | |
Matrix Service Co
NASDAQ:MTRX
|
US | |
Automatic Data Processing Inc
NASDAQ:ADP
|
US | |
Qualcomm Inc
NASDAQ:QCOM
|
US | |
Ambarella Inc
NASDAQ:AMBA
|
US |
This alert will be permanently deleted.
Intrinsic Value
The intrinsic value of one IGM stock under the Base Case scenario is 59.74 CAD. Compared to the current market price of 47.05 CAD, IGM Financial Inc is Undervalued by 21%.
The Intrinsic Value is calculated as the average of DCF and Relative values:
Valuation Backtest
IGM Financial Inc
Uncover deeper insights with the Valuation Backtest. Learn how current stock valuations stack up against historical averages to gauge true investment potential.
Start backtest now and learn if your stock is truly undervalued or overvalued!
Stock is trading at its lowest valuation over the past 5 years.
To access the results of this valuation backtest, please register an account with us. Registration is quick and gives you instant access to insights on 3 stocks per week for free.
The backtest for IGM cannot be conducted due to limitations such as insufficient data or other constraints. Please select a different stock or adjust your settings.
Fundamental Analysis
Select up to 3 indicators:
Select up to 3 indicators:
Months
Months
Months
Months
Select up to 2 periods:
IGM Financial Inc. is a prominent Canadian financial services company that operates through a diversified portfolio of wealth management solutions. Founded in 2001, it has established itself as a leading player in the investment landscape, primarily through its flagship subsidiary, Investors Group. This division offers a comprehensive suite of financial products and services, including mutual funds, retirement planning, and investment advisory services, designed to cater to the unique needs of individual and institutional clients. With a firm belief in putting clients' interests first, IGM emphasizes a relationship-driven approach, fostering long-term connections and trust that help clients...
IGM Financial Inc. is a prominent Canadian financial services company that operates through a diversified portfolio of wealth management solutions. Founded in 2001, it has established itself as a leading player in the investment landscape, primarily through its flagship subsidiary, Investors Group. This division offers a comprehensive suite of financial products and services, including mutual funds, retirement planning, and investment advisory services, designed to cater to the unique needs of individual and institutional clients. With a firm belief in putting clients' interests first, IGM emphasizes a relationship-driven approach, fostering long-term connections and trust that help clients navigate the complexities of financial planning.
As of 2023, IGM Financial has demonstrated robust growth and resilience in the face of evolving market dynamics. The company boasts a strong track record of profitability and strategic expansion, capitalizing on the growing demand for financial advice in Canada. It is part of the Power Corporation of Canada group of companies, benefiting from shared resources and leadership that drive innovation and competitive advantages. With its commitment to sustainable practices and a focus on digital transformation, IGM Financial is well-positioned to meet future challenges. Investors looking for opportunities in the financial services sector may find IGM an appealing choice, given its established brand, comprehensive service offerings, and potential for continued growth in a shifting economic environment.
IGM Financial Inc. operates primarily in the financial services sector in Canada. The company has several core business segments:
-
Wealth Management: This segment primarily includes the operations of Investors Group and Mackenzie Investments. It focuses on providing investment and financial planning services to individuals and families, offering a range of investment products such as mutual funds, managed portfolios, and more traditional investment strategies.
-
Asset Management: IGM Financial’s asset management segment is largely represented by Mackenzie Investments. This segment encompasses the management of investment portfolios for various client categories, including institutional investors, financial advisors, and retail clients. It includes the development and distribution of a variety of investment products, including mutual funds and ETFs (Exchange-Traded Funds).
-
Financial Planning Services: IGM Financial also provides comprehensive financial planning services. This involves advising clients on their financial needs, retirement plans, tax optimization strategies, and estate planning. The goal of this segment is to help clients achieve their individual financial objectives.
-
Investment Fund Distribution: The company distributes investment funds under various platforms and through different channels, including financial advisors and direct-to-consumer models. This includes collaboration with both independent and affiliated advisors.
-
Insurance Services: IGM Financial may also offer insurance products as part of their overall financial planning and wealth management services, although this segment is not as prominent as the others.
Overall, IGM Financial focuses on delivering a broad spectrum of financial solutions tailored to meet the diverse needs of its clients, enhancing their financial well-being and investment performance.
IGM Financial Inc., a leading financial services company in Canada, holds several unique competitive advantages over its rivals, including:
-
Strong Brand Recognition: IGM Financial operates under well-known brands like Investors Group and Mackenzie Investments, which have a long-standing reputation in the Canadian market for quality financial services and investment management.
-
Diverse Product Offering: The company provides a wide range of financial products and services, including mutual funds, investment advice, and comprehensive wealth management solutions. This diversification allows IGM to cater to various customer needs and preferences.
-
Established Distribution Network: IGM Financial has a vast and established network of financial advisors. This extensive distribution system provides personalized service to clients and helps in building strong client relationships, leading to customer loyalty.
-
Robust Investment Performance: The company’s commitment to research-driven investment strategies has helped it consistently achieve competitive investment performance. This is critical for attracting and retaining clients in a performance-driven market.
-
Focus on Innovation: IGM is continually enhancing its technology and digital offerings to provide better service to clients. This focus on innovation allows it to stay relevant and meet evolving customer preferences in a rapidly changing financial landscape.
-
Strong Financial Health: With sound financial management and capital adequacy, IGM Financial has a solid balance sheet, which allows for strategic investments in growth areas without over-leveraging.
-
Emphasis on Compliance and Governance: The company has robust regulatory compliance and governance measures in place, which enhances trust with clients and helps in navigating the complex financial regulatory environment.
-
Long-Term Orientation: Adhering to the principles of value investing, similar to Buffett and Munger, IGM Financial fosters a long-term perspective in its investment strategies, appealing to clients looking for sustainable growth rather than short-term gains.
By leveraging these competitive advantages, IGM Financial Inc. can effectively differentiate itself from rivals and maintain a strong position in the highly competitive financial services industry.
IGM Financial Inc, like many firms in the financial services sector, faces several risks and challenges that could impact its operations and profitability in the near future. Here are some key considerations:
-
Market Volatility: Financial markets can be unpredictable. Economic downturns, geopolitical tensions, or changes in monetary policy can lead to heightened market volatility, impacting investment performance and client confidence.
-
Regulatory Changes: The financial services industry is subject to extensive regulation. Changes in regulations or compliance requirements could impose additional costs or operational challenges.
-
Interest Rate Fluctuations: Changes in interest rates can affect IGM's margins, particularly if they rely on fixed-income investments or loans. An increase in rates might reduce appetite for borrowing and investment products.
-
Competition: The financial advisory and investment space is highly competitive. IGM faces pressure from both traditional players and emerging fintech companies offering innovative solutions, potentially impacting market share and fee structures.
-
Technological Disruption: The rise of digital platforms and robo-advisors is changing the landscape of wealth management. IGM needs to continuously invest in technology to enhance customer experience and competitiveness.
-
Client Retention and Acquisition: Attracting new clients while retaining existing ones is crucial in a competitive market. Economic uncertainties can lead clients to reassess their investment strategies, impacting IGM’s AUM (Assets Under Management).
-
Reputation Risk: In the financial industry, trust and reputation are paramount. Any negative publicity or failures in service delivery could lead to a loss of clients and assets.
-
Macroeconomic Factors: Broader economic conditions, including inflation rates, unemployment levels, and overall economic growth, can impact investor sentiment and demand for financial services.
-
Cybersecurity Threats: As the company relies increasingly on digital channels, it becomes more vulnerable to cyber-attacks, which can lead to data breaches and loss of client trust.
-
Geopolitical Risks: International events and tensions can lead to instability in markets, affecting investment performance and client behavior.
To navigate these risks, IGM Financial Inc will need to employ robust risk management strategies, continuously monitor the market landscape, and adapt its business model to changing conditions.
Revenue & Expenses Breakdown
IGM Financial Inc
Balance Sheet Decomposition
IGM Financial Inc
Current Assets | 815.9m |
Cash & Short-Term Investments | 454.2m |
Receivables | 361.7m |
Non-Current Assets | 17.9B |
Long-Term Investments | 7.8B |
PP&E | 302m |
Intangibles | 3.9B |
Other Non-Current Assets | 5.8B |
Current Liabilities | 469m |
Accounts Payable | 437.7m |
Other Current Liabilities | 31.3m |
Non-Current Liabilities | 11.1B |
Long-Term Debt | 7.2B |
Other Non-Current Liabilities | 3.9B |
Earnings Waterfall
IGM Financial Inc
Revenue
|
3.3B
CAD
|
Cost of Revenue
|
-1.4B
CAD
|
Gross Profit
|
1.9B
CAD
|
Operating Expenses
|
-885.5m
CAD
|
Operating Income
|
1B
CAD
|
Other Expenses
|
29.8m
CAD
|
Net Income
|
1.1B
CAD
|
Free Cash Flow Analysis
IGM Financial Inc
CAD | |
Free Cash Flow | CAD |
IGM Financial's Q3 earnings highlight a solid performance with adjusted EPS of $1.03, up 12% year-over-year. Total client assets rose 23% to $462 billion. IG Wealth Management achieved a 19% increase in assets under administration, driven by client acquisition and market growth. The company generated $3.4 billion in gross inflows, showing client confidence returning. With a 4% expense growth guidance for 2024, IGM is focused on strategic investments while maintaining a robust $160 million capital return to shareholders through dividends and buybacks. Overall, the company anticipates continued growth amidst a favorable market environment.
What is Earnings Call?
IGM Profitability Score
Profitability Due Diligence
IGM Financial Inc's profitability score is 60/100. The higher the profitability score, the more profitable the company is.
Score
IGM Financial Inc's profitability score is 60/100. The higher the profitability score, the more profitable the company is.
IGM Solvency Score
Solvency Due Diligence
IGM Financial Inc's solvency score is 33/100. The higher the solvency score, the more solvent the company is.
Score
IGM Financial Inc's solvency score is 33/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
IGM Price Targets Summary
IGM Financial Inc
According to Wall Street analysts, the average 1-year price target for IGM is 51.17 CAD with a low forecast of 46.46 CAD and a high forecast of 58.8 CAD.
Dividends
Current shareholder yield for IGM is .
Shareholder yield represents the total return a company provides to its shareholders, calculated as the sum of dividend yield, buyback yield, and debt paydown yield. What is shareholder yield?
Profile
Country
Industry
Market Cap
Dividend Yield
Description
IGM Financial, Inc. operates as a financial services company, which engages in the management and distribution of mutual funds and other managed asset products. The company is headquartered in Winnipeg, Manitoba. The firm operates through its wholly owned subsidiaries, Investors Group Inc. and Mackenzie Financial Corporation (Mackenzie). The company operates through three segments: Wealth Management, Asset Management and Strategic Investments and Other. Its Wealth Management segment includes the activities of operating companies that are principally focused on providing financial planning and related services to Canadian households. Its Asset Management segment includes the activities of operating companies primarily focused on providing investment management services and represents the operations of Mackenzie Investments. Its Strategic Investments and Other segment represents investments made by the Company, including China Asset Management Co., Ltd., Great-West Lifeco Inc., Northleaf Capital Group Ltd., Wealthsimple Financial Corp. and Portag3 Ventures LPs.
Contact
IPO
Employees
Officers
The intrinsic value of one IGM stock under the Base Case scenario is 59.74 CAD.
Compared to the current market price of 47.05 CAD, IGM Financial Inc is Undervalued by 21%.