Financials iA Financial Corporation Inc.

Equities

IAG

CA45075E1043

Life & Health Insurance

Market Closed - Toronto S.E. 04:00:00 2024-04-26 pm EDT 5-day change 1st Jan Change
84.76 CAD +1.41% Intraday chart for iA Financial Corporation Inc. +3.01% -6.17%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 7,625 5,908 7,792 8,334 9,013 8,271 -
Enterprise Value (EV) 1 7,625 5,908 7,792 8,334 9,013 8,271 8,271
P/E ratio 11.1 x 9.68 x 9.4 x 10.4 x 12.1 x 8.63 x 7.84 x
Yield 2.48% 3.52% 2.87% 3.28% 3.29% 3.92% 4.22%
Capitalization / Revenue - - - - - - -
EV / Revenue - - - - - - -
EV / EBITDA - - - - - - -
EV / FCF - - - - - - -
FCF Yield - - - - - - -
Price to Book 1.37 x 0.99 x 1.17 x 1.26 x 1.35 x 1.18 x 1.09 x
Nbr of stocks (in thousands) 106,892 107,064 107,650 105,134 99,781 97,577 -
Reference price 2 71.33 55.18 72.38 79.27 90.33 84.76 84.76
Announcement Date 2/13/20 2/11/21 2/16/22 2/14/23 2/20/24 - -
1CAD in Million2CAD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales - - - - - - -
EBITDA - - - - - - -
EBIT 1 818.9 656.4 999.6 1,061 853 1,025 1,094
Operating Margin - - - - - - -
Earnings before Tax (EBT) 1 887 762 1,118 956 1,001 1,305 1,423
Net income 1 687 611 830 817 769 935 1,019
Net margin - - - - - - -
EPS 2 6.400 5.700 7.700 7.650 7.480 9.821 10.82
Free Cash Flow - - - - - - -
FCF margin - - - - - - -
FCF Conversion (EBITDA) - - - - - - -
FCF Conversion (Net income) - - - - - - -
Dividend per Share 2 1.770 1.940 2.080 2.600 2.970 3.326 3.578
Announcement Date 2/13/20 2/11/21 2/16/22 2/14/23 2/20/24 - -
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 - - - - - - - - - - - - - - -
EBITDA - - - - - - - - - - - - - - -
EBIT 1 252 267 170 223 268 295 206 238 201 177 251 255 259 260 -
Operating Margin - - - - - - - - - - - - - - -
Earnings before Tax (EBT) 289 292 193 245 262 256 - - 69 333 - - - - -
Net income 1 217 209 151 222 215 229 270 196 55 248 231.3 222 233 228 -
Net margin - - - - - - - - - - - - - - -
EPS 2 2.230 1.940 1.400 2.060 2.030 2.170 2.580 1.890 0.5400 2.460 2.371 2.472 2.530 2.561 2.780
Dividend per Share 2 0.4850 0.6300 0.6250 0.6300 0.6800 0.6750 0.6800 0.7650 0.7650 0.7600 0.8200 0.8200 0.8200 0.8500 -
Announcement Date 11/3/21 2/16/22 5/12/22 7/28/22 11/9/22 2/14/23 5/10/23 8/3/23 11/7/23 2/20/24 - - - - -
1CAD in Million2CAD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt - - - - - - -
Net Cash position - - - - - - -
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow - - - - - - -
ROE (net income / shareholders' equity) 12.7% 11.9% 14.2% 14.2% 14.4% 14.4% 15%
ROA (Net income/ Total Assets) 1.01% 0.86% 0.99% 1.04% 1.07% 1% 1%
Assets 1 68,345 70,964 83,889 78,709 71,702 93,500 101,900
Book Value Per Share 2 52.00 55.60 62.00 63.10 66.90 71.80 77.90
Cash Flow per Share - - - - - - -
Capex - - - - - - -
Capex / Sales - - - - - - -
Announcement Date 2/13/20 2/11/21 2/16/22 2/14/23 2/20/24 - -
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

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
8
Last Close Price
84.76 CAD
Average target price
98.88 CAD
Spread / Average Target
+16.65%
Consensus
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