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IGM Financial Inc IGIFF

Morningstar Rating
$26.24 +0.27 (1.04%)
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About Quantitative Ratings

Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.

Price vs Fair Value

IGIFF is trading at a 12% discount.
Price
$26.27
Fair Value
$11.84
Uncertainty
Medium
1-Star Price
$77.63
5-Star Price
$39.69
Economic Moat
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Capital Allocation
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News

Trading Information

Previous Close Price
$25.96
Day Range
$26.2426.24
52-Week Range
$22.1431.84
Bid/Ask
$22.10 / $32.20
Market Cap
$6.25 Bil
Volume/Avg
69,962 / 12,135

Key Statistics

Price/Earnings (Normalized)
9.98
Price/Sales
2.60
Dividend Yield (Trailing)
4.79%
Dividend Yield (Forward)
6.33%
Total Yield
4.79%

Company Profile

IGM Financial is the largest non-bank-affiliated asset manager in Canada. The firm is part of the Power Financial group of companies, which includes Great-West Life, London Life, and Canada Life. IGM has two main operating divisions—asset management (operated through Mackenzie Investments) and wealth management (via its Investors Group Wealth Management subsidiary)—that provide investment management products and services. IGM had CAD 215.3 billion in assets under management, or AUM, and CAD 35.0 billion in assets under advisement, or AUA, at the end of October 2023. Investment Planning Counsel is now being accounted for as a discontinued operation, having been sold earlier this year, with the deal closed in November 2023.
Sector
Financial Services
Industry
Asset Management
Stock Style Box
Mid Value
Total Number of Employees
3,827

Competitors

Valuation

Metric
IGIFF
IVZ
CIX
Price/Earnings (Normalized)
9.9810.815.02
Price/Book Value
1.342.03
Price/Sales
2.601.231.14
Price/Cash Flow
10.155.425.56
Price/Earnings
IGIFF
IVZ
CIX

Financial Strength

Metric
IGIFF
IVZ
CIX
Quick Ratio
2.312.300.13
Current Ratio
3.462.300.35
Interest Coverage
10.29−3.052.27
Quick Ratio
IGIFF
IVZ
CIX

Profitability

Metric
IGIFF
IVZ
CIX
Return on Assets (Normalized)
2.91%2.34%2.93%
Return on Equity (Normalized)
8.76%6.19%18.82%
Return on Invested Capital (Normalized)
4.78%2.87%7.55%
Return on Assets
IGIFF
IVZ
CIX
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