Financials Great-West Lifeco Inc.

Equities

GWO

CA39138C1068

Life & Health Insurance

Market Closed - Toronto S.E. 04:00:00 2024-04-26 pm EDT 5-day change 1st Jan Change
40.45 CAD +0.65% Intraday chart for Great-West Lifeco Inc. +0.47% -7.77%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 30,895 28,157 35,322 29,166 40,882 37,734 - -
Enterprise Value (EV) 1 30,895 28,157 35,322 29,166 40,882 37,734 37,734 37,734
P/E ratio 13.3 x 9.57 x 11.3 x 9.07 x 14.9 x 9.86 x 9.21 x 9.05 x
Yield 4.97% 5.77% 4.75% 6.26% 4.74% 5.48% 5.77% 5.93%
Capitalization / Revenue 0.69 x 0.46 x 0.55 x 0.65 x 0.98 x 0.56 x 0.54 x 0.52 x
EV / Revenue 0.69 x 0.46 x 0.55 x 0.65 x 0.98 x 0.56 x 0.54 x 0.52 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 1.54 x 1.32 x 1.54 x 1.18 x 1.81 x 1.55 x 1.46 x -
Nbr of stocks (in thousands) 928,885 927,727 930,495 931,818 932,107 932,857 - -
Reference price 2 33.26 30.35 37.96 31.30 43.86 40.45 40.45 40.45
Announcement Date 2/12/20 2/10/21 2/9/22 2/8/23 2/14/24 - - -
1CAD in Million2CAD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 44,698 60,583 64,417 44,662 41,629 67,678 69,867 72,221
EBITDA - - - - - - - -
EBIT 1 3,091 3,082 4,323 4,082 4,299 3,865 4,093 -
Operating Margin 6.92% 5.09% 6.71% 9.14% 10.33% 5.71% 5.86% -
Earnings before Tax (EBT) 1 2,880 3,072 3,867 3,768 3,068 4,745 4,995 5,123
Net income 1 2,359 2,943 3,128 3,219 2,738 3,799 4,049 4,016
Net margin 5.28% 4.86% 4.86% 7.21% 6.58% 5.61% 5.8% 5.56%
EPS 2 2.493 3.172 3.360 3.452 2.940 4.103 4.393 4.470
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 1.652 1.752 1.804 1.960 2.080 2.218 2.332 2.400
Announcement Date 2/12/20 2/10/21 2/9/22 2/8/23 2/14/24 - - -
1CAD in Million2CAD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales - 18,122 - - - - - - - - - - - - -
EBITDA - - - - - - - - - - - - - - -
EBIT 1,247 942 1,012 1,033 981 1,357 1,020 - - - - - - - -
Operating Margin - 5.2% - - - - - - - - - - - - -
Earnings before Tax (EBT) 1 1,129 792 881 811 883 1,193 634 682 1,125 627 972.5 905.5 992.3 974.5 985
Net income 1 872 765 770 735 688 1,026 595 498 905 740 982.5 872 901.7 954 965
Net margin - 4.22% - - - - - - - - - - - - -
EPS 2 0.9360 0.8200 0.8250 0.7880 0.7380 1.100 0.6400 0.5300 0.9700 0.7900 1.047 1.015 1.023 1.045 1.085
Dividend per Share 2 0.4380 0.4900 0.4900 0.4900 0.4900 0.4900 0.5200 0.5200 0.5200 0.5200 0.5575 0.5575 0.5575 0.5575 -
Announcement Date 11/3/21 2/9/22 5/4/22 8/3/22 11/2/22 2/8/23 5/9/23 8/8/23 11/8/23 2/14/24 - - - - -
1CAD in Million2CAD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 11.8% 11.4% 12.2% 11.5% 16.6% 16.7% 16.7% -
ROA (Net income/ Total Assets) 0.63% 0.51% 0.51% 0.48% 0.53% 0.9% 0.95% 1.3%
Assets 1 372,199 579,810 615,494 665,908 517,228 422,089 426,253 308,923
Book Value Per Share 2 21.50 23.00 24.70 26.60 24.30 26.10 27.70 -
Cash Flow per Share - 10.40 - - - - - -
Capex - 481 970 710 - - - -
Capex / Sales - 0.79% 1.51% 1.59% - - - -
Announcement Date 2/12/20 2/10/21 2/9/22 2/8/23 2/14/24 - - -
1CAD in Million2CAD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
10
Last Close Price
40.45 CAD
Average target price
43.7 CAD
Spread / Average Target
+8.03%
Consensus
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