Financials IGM Financial Inc.

Equities

IGM

CA4495861060

Investment Management & Fund Operators

Market Closed - Toronto S.E. Other stock markets 04:15:28 2024-09-09 pm EDT			5-day change	1st Jan Change
38.90 ^CAD	+0.67%		-1.97%	+11.11%

Sep. 05	IGM Financial Declares 10% Rise In August 2024 Assets Under Management and Advisement Vs a Year Ago	MT
Sep. 03	TSX Closer: The Market Closes with a Sharp Drop as Commodities Weaken on China Data Ahead of Expected Rate Cut	MT

Projected Income Statement: IGM Financial Inc.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	3,233	3,018	3,448	3,357	3,245	3,324	3,474	3,227
Change	-	-6.64%	14.25%	-2.63%	-3.33%	2.41%	4.53%	-7.11%
EBITDA ¹	1,294	1,226	1,547	1,426	1,404	1,455	1,518	1,278
Change	-	-5.22%	26.14%	-7.85%	-1.5%	3.6%	4.33%	-15.79%
EBIT ¹	1,094	1,074	1,371	1,237	1,095	1,284	1,349	1,177
Change	-	-1.84%	27.64%	-9.79%	-11.48%	17.31%	5.07%	-12.77%
Interest Paid ¹	-108.4	-110.6	-113.9	-113.8	-123.2	-128.3	-129.3	-131
Earnings before Tax (EBT) ¹	968.7	965.4	1,268	1,123	1,144	1,159	1,208	1,046
Change	-	-0.34%	31.31%	-11.42%	1.92%	1.27%	4.24%	-13.41%
Net income ¹	746.7	764.4	978.9	867.2	1,149	896.1	969.9	814
Change	-	2.37%	28.07%	-11.41%	32.48%	-22%	8.23%	-16.07%
Announcement Date	2/14/20	2/11/21	2/10/22	2/9/23	2/15/24	-	-	-

¹CAD in Million

Estimates

Fiscal Period: December	2019 Q3	2019 Q4	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	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
Net sales ¹	816.1	823.5	782.1	775.5	790.6	812.8	800.5	843.9	891	912.7	857.2	824.7	827.3	848	934	777.8	770.9	768.8	811.7	816.3	835	-
Change	-	0.92%	-5.04%	-0.84%	1.95%	2.81%	-1.52%	5.42%	5.58%	2.44%	-6.08%	-3.79%	0.31%	2.5%	10.15%	-16.73%	-0.89%	-0.26%	5.57%	0.57%	2.29%	-100%
EBITDA ¹	337.1	336.5	271.7	292	336.3	326.4	333.2	379.7	422.3	411.8	360	343.5	356	366.1	344.3	351.8	362.3	345.8	-	333.3	370.2	372
Change	-	-0.18%	-19.26%	7.47%	15.17%	-2.94%	2.08%	13.96%	11.22%	-2.49%	-12.58%	-4.58%	3.64%	2.84%	-5.95%	2.18%	2.98%	-4.55%	-100%	-	11.07%	0.48%
EBIT ¹	289.4	288.4	-	258.9	-	286.3	290.2	335.6	378.6	366.6	312.1	199	309.5	319	291.7	208.7	304.3	290	324.4	312.7	348	332
Change	-	-0.35%	-100%	-	-100%	-	1.34%	15.66%	12.81%	-3.16%	-14.89%	-36.22%	55.52%	3.07%	-8.57%	-28.43%	45.78%	-4.7%	11.85%	-3.59%	11.27%	-4.6%
Charge d'intérêts ¹	-27.76	-27.76	-27.31	-27.47	-27.91	-27.91	-28.12	-28.5	-28.64	-28.68	-28.13	-28.39	-28.59	-28.66	-28.06	-30.12	-32.52	-32.54	-32.25	-32.23	-32	-32
Earnings before Tax (EBT) ¹	261.7	251.5	208.9	231.4	235.3	289.8	262	307.1	350	-	-	-	280.9	290.3	442.7	172.5	271.8	257.5	292.1	280.5	291	293
Change	-	-3.91%	-16.92%	10.77%	1.68%	23.14%	-9.57%	17.2%	13.96%	-100%	-	-	-	3.35%	52.49%	-61.04%	57.58%	-5.27%	13.46%	-3.97%	3.74%	0.69%
Net income ¹	202.5	191.6	160.9	183.5	190.9	229.1	202.2	237.4	270.8	268.5	219.3	207.1	216.1	224.7	381.3	138.2	209.8	419.6	223.4	216.2	225	227
Change	-	-5.36%	-16.05%	14.09%	4.02%	19.99%	-11.74%	17.41%	14.09%	-0.86%	-18.33%	-5.57%	4.36%	3.97%	69.71%	-63.76%	51.81%	100%	-46.76%	-3.22%	4.08%	0.89%
Announcement Date	11/1/19	2/14/20	5/8/20	8/6/20	11/5/20	2/11/21	5/6/21	8/4/21	11/4/21	2/10/22	5/5/22	8/4/22	11/3/22	2/9/23	5/3/23	8/2/23	11/1/23	2/15/24	5/2/24	8/7/24	-	-

¹CAD in Million

Estimates

Forecast Balance Sheet: IGM Financial Inc.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	1,328	-	-	-	1,978	2,064	1,793
Change	-	-	-	-	-	-	4.35%	-13.13%
Announcement Date	2/14/20	2/11/21	2/10/22	2/9/23	2/15/24	-	-	-

¹CAD in Million

Estimates

Cash Flow Forecast: IGM Financial Inc.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
CAPEX ¹	18.81	38.99	10.64	37.67	28.76	33.2	34.24	40.34
Change	-	107.26%	-72.7%	253.96%	-23.65%	15.41%	3.14%	17.82%
Free Cash Flow (FCF) ¹	693.3	697.6	932.9	775.3	808.5	913	874.1	736.3
Change	-	0.63%	33.73%	-16.89%	4.28%	12.92%	-4.26%	-15.77%
Announcement Date	2/14/20	2/11/21	2/10/22	2/9/23	2/15/24	-	-	-

¹CAD in Million

Estimates

Forecast Financial Ratios: IGM Financial Inc.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	40.03%	40.64%	44.87%	42.46%	43.27%	43.77%	43.69%	39.6%
EBIT Margin (%)	33.85%	35.59%	39.76%	36.84%	33.73%	38.64%	38.84%	36.47%
EBT Margin (%)	29.97%	31.99%	36.76%	33.45%	35.26%	34.87%	34.77%	32.42%
Net margin (%)	23.1%	25.33%	28.39%	25.83%	35.4%	26.96%	27.92%	25.22%
FCF margin (%)	21.45%	23.12%	27.06%	23.09%	24.91%	27.47%	25.16%	22.82%
FCF / Net Income (%)	92.84%	91.26%	95.3%	89.4%	70.37%	101.89%	90.13%	90.45%
Profitability
ROA	4.82%	4.86%	5.81%	4.75%	4.39%	4.8%	4.9%	4.2%
ROE	16.9%	16.1%	16.4%	14%	12.9%	12.9%	12.97%	10.4%
Financial Health
Leverage (Debt/EBITDA)	-	1.08x	-	-	-	1.36x	1.36x	1.4x
Debt / Free cash flow	-	1.9x	-	-	-	2.17x	2.36x	2.44x
Capital Intensity
CAPEX / Current Assets (%)	0.58%	1.29%	0.31%	1.12%	0.89%	1%	0.99%	1.25%
CAPEX / EBITDA (%)	1.45%	3.18%	0.69%	2.64%	2.05%	2.28%	2.26%	3.16%
CAPEX / FCF (%)	2.71%	5.59%	1.14%	4.86%	3.56%	3.64%	3.92%	5.48%
Items per share
Cash flow per share ¹	2.975	-	-	-	3.512	-	-	-
Change	-	-	-	-	-	-	-	-
Dividend per Share ¹	2.25	2.25	2.25	2.25	2.25	2.25	2.25	2.25
Change	-	0%	0%	0%	0%	0%	0%	0%
Book Value Per Share ¹	18.88	-	26.91	26.07	28.22	30.32	32.26	-
Change	-	-	-	-3.12%	8.25%	7.44%	6.4%	-
EPS ¹	3.12	3.21	4.08	3.63	4.82	3.77	4.09	3.43
Change	-	2.88%	27.1%	-11.03%	32.78%	-21.78%	8.49%	-16.14%
Nbr of stocks (in thousands)	238,290	238,308	239,646	237,668	238,132	236,429	236,429	236,429
Announcement Date	2/14/20	2/11/21	2/10/22	2/9/23	2/15/24	-	-	-