IGM Financial Inc trades with the ticker IGM on the TSX and is in the Asset Management industry.
Overview
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.
Looking to invest in IGM Financial Inc? Our analysis brings in the key facts, competitor research and valuation metrics for you to make an informed decision.
Table of Contents
show
IGM.TO Stock Price and Key Stats
ETF Key Stats
Exchange: TSX
Market Cap : $8470.533MM
PE Ratio: 9.168
Price: 84.91 (Updated: 3/12/2024 0:47:16)
IGM Financial Inc (IGM) vs Competitors in Asset Management
Lets see how IGM.TO stacks up against others in the Asset Management asset management industry. We have identified its main peers as:Aberdeen International Inc, AGF Management Limited, Aimia Inc, Brookfield Asset Management Inc, Canadian Banc Corp
.Asset Management Industry Comparisons
| Company | Market Cap ($MM) | P/E Ratio | EV/EBITDA | Dividend Yield |
|---|---|---|---|---|
| Aberdeen International Inc (AAB) | $2.898 | N/A | 1.021 | N/A% |
| AGF Management Limited (AGF-B) | $518.497 | 6.238 | 4.162 | 5.4% |
| Aimia Inc (AIM) | $274.455 | N/A | 3.924 | N/A% |
| Brookfield Asset Management Inc (BAM-A) | $96,441.909 | 20.732 | 12.159 | 1.6% |
| Canadian Banc Corp (BK) | $281.484 | N/A | 0.0 | 17.4% |
EV/EBITDA: Enterprise Value to Earnings Before Interest, Taxes, Depreciation, and Amortization – this ratio compares the value of a company, including debt, to the company’s cash earnings less non-cash expenses
Industry: companies that have a lot in common
Market Cap: Market Capitalization – the total value of all a corporation’s stock
N/A: Not Applicable or Not Available
P/E: Price-to-Earnings – this ratio relates a corporation’s share price to its earnings per share
Price: Stock Price – current value to buyers and sellers
Dividend Yield: Dividend or Distribution Yield
Comparisons within Asset Management
- IGM Financial Inc (IGM) vs Aberdeen International Inc (AAB)
- IGM has higher EPS (3.88 vs -0.12). IGM provides dividends, while AAB does not. AAB has a P/E under 0, indicating IGM (P/E 9.168) is in a better position.
- IGM Financial Inc (IGM) vs AGF Management Limited (AGF-B)
- IGM has higher EPS (3.88 vs 1.3). IGM has higher dividend yield (6.3% vs 5.4%). IGM has a higher P/E ratio (9.168 vs 6.238) indicating it’s more expensive.
- IGM Financial Inc (IGM) vs Aimia Inc (AIM)
- IGM has higher EPS (3.88 vs -1.8). IGM provides dividends, while AIM does not. AIM has a P/E under 0, indicating IGM (P/E 9.168) is in a better position.
- IGM Financial Inc (IGM) vs Brookfield Asset Management Inc (BAM-A)
- IGM has higher EPS (3.88 vs 2.84). IGM has higher dividend yield (6.3% vs 1.6%). BAM-A has a higher P/E ratio (20.732 vs 9.168) indicating it’s more expensive.
- IGM Financial Inc (IGM) vs Canadian Banc Corp (BK)
- IGM has higher EPS (3.88 vs -1.81). BK has higher dividend yield (17.4% vs 6.3%). BK has a P/E under 0, indicating IGM (P/E 9.168) is in a better position.
Our Recommendation: Buy
Shows positive EPS growth from this year to next, suggesting improving profitability. Has a lower P/E ratio (9.17) than the industry average (133.68), indicating potential undervaluation. Features a lower EV/EBITDA ratio (10.64) than the industry average (10.86), indicating attractive valuation.
How to Buy IGM stock on the TSX
You can buy on pretty much any online brokerage in Canada, since it trades on the TSX. If you are looking for some easy options take a look at these two:| Image | Product Title | Features | Price |
|---|---|---|---|
Editor's Choice  |
| Get $25 Signup Bonus | |
Reliable Pick  |
| Get $50 Free Stock Trades |
