iA Financial Corporation Inc. Logo

iA Financial Corporation Inc.

IAG.TO

(2.2)
Stock Price

108,20 CAD

0.88% ROA

11.19% ROE

12.07x PER

Market Cap.

8.773.539.735,00 CAD

21.4% DER

3.37% Yield

8.23% NPM

iA Financial Corporation Inc. Stock Analysis

iA Financial Corporation Inc. Fundamental Analysis

Fundamental analysis in stock investing is like studying the foundation of a house before buying it. It involves looking at a company's financial health, like its earnings, assets, and debts, to determine if it's a good investment based on its fundamental strength and potential for growth.

iA Financial Corporation Inc. Fundamental Stock Analysis
# Analysis Rating
1 DER

The stock has a low debt to equity ratio (27%), which means it has a small amount of debt compared to the ownership it holds

2 Dividend

The company's consistent dividend distribution over the past five years reflects its dedication to providing shareholders with steady returns, making it an appealing choice for investors seeking income stability.

3 ROE

The stock's ROE falls within an average range (12.69%), demonstrating satisfactory profitability and efficiency in utilizing shareholders' equity.

4 ROA

The stock's ROA (1.03%) shows that it's doing a pretty good job at making money from its assets, making it a solid choice to invest and earn steady profits.

5 PBV

The stock's PBV ratio (1.27x) reflects a fair valuation, making it an attractive option for investors seeking balanced opportunities.

6 Graham Number

The Graham number of this company suggests that its stock price may be undervalued, indicating a potentially attractive investment opportunity.

7 Buffet Intrinsic Value

The company's stock presents an enticing opportunity as it appears undervalued (1.169) by Warren Buffett's formula, indicating that its intrinsic value exceeds the market price.

8 Revenue Growth

Regrettably, this company's revenue has shown no signs of growth over the past three years, suggesting limited potential for returns and making it a less appealing choice.

9 Net Profit Growth

The net profit of this company has shown no signs of growth over the last five years, suggesting limited profitability and making it a less attractive investment opportunity.

10 Assets Growth

Company's revenue has stayed stagnant, showing no signs of improvement and making it a less favorable choice.

11 Dividend Growth

The company's dividend growth has shown no improvement in the past three years, making it a less attractive investment option for those seeking increasing returns.

iA Financial Corporation Inc. Technical Analysis

Technical analysis in stock investing is like reading the patterns on a weather map to predict future weather conditions. It involves studying past stock price movements and trading volumes to make predictions about where a stock's price might go next, without necessarily looking at the company's financial health.

iA Financial Corporation Inc. Technical Stock Analysis
# Analysis Recommendation
1 Awesome Oscillator Hold
2 MACD Buy
3 RSI Hold
4 Stoch RSI Sell

iA Financial Corporation Inc. Price Chart

Financial Statements

Financial statements are like report cards for companies. They show how much money a company makes (income statement), what it owns and owes (balance sheet), and where it spends its money (cash flow statement), helping stock investors understand if a company is healthy and worth investing in.

Income Statements

An income statement for a company is like a scoreboard for its profits and losses. It shows how much money the company made (revenue) and how much it spent to make that money (expenses), helping stock investors see if a company is making a profit or not.

Revenue in stock investing is the total amount of money a company earns from its sales, and it's a key factor that investors consider to assess a company's financial performance and growth potential.

iA Financial Corporation Inc. Revenue
Year Revenue Growth
1998 598.500.000
1999 2.820.400.000 78.78%
2000 2.926.300.000 3.62%
2001 2.712.900.000 -7.87%
2002 2.882.700.000 5.89%
2003 3.351.700.000 13.99%
2004 3.696.800.000 9.34%
2005 4.029.400.000 8.25%
2006 4.937.900.000 18.4%
2007 4.971.000.000 0.67%
2008 4.465.000.000 -11.33%
2009 5.815.000.000 23.22%
2010 6.769.000.000 14.09%
2011 8.037.000.000 15.78%
2012 7.476.000.000 -7.5%
2013 6.023.000.000 -24.12%
2014 9.680.000.000 37.78%
2015 8.239.000.000 -17.49%
2016 9.364.000.000 12.01%
2017 11.298.000.000 17.12%
2018 9.939.000.000 -13.67%
2019 15.305.000.000 35.06%
2020 17.697.000.000 13.52%
2021 15.511.000.000 -14.09%
2022 6.546.000.000 -136.95%
2023 -8.136.000.000 180.46%

Research and Development Expenses are the costs a company incurs to create and improve its products or services, which can be important for investors to evaluate a company's innovation and potential for future growth.

iA Financial Corporation Inc. Research and Development Expenses
Year Research and Development Expenses Growth
1998 0
1999 0 0%
2000 0 0%
2001 0 0%
2002 0 0%
2003 0 0%
2004 0 0%
2005 0 0%
2006 0 0%
2007 0 0%
2008 0 0%
2009 0 0%
2010 0 0%
2011 0 0%
2012 0 0%
2013 0 0%
2014 0 0%
2015 0 0%
2016 0 0%
2017 0 0%
2018 0 0%
2019 0 0%
2020 0 0%
2021 0 0%
2022 0 0%
2023 0 0%

General and Administrative Expenses are the costs a company incurs to run its day-to-day operations, such as office rent, salaries, and utilities, which investors consider to understand a company's overall efficiency and management effectiveness.

iA Financial Corporation Inc. General and Administrative Expenses
Year General and Administrative Expenses Growth
1998 0
1999 0 0%
2000 205.400.000 100%
2001 212.000.000 3.11%
2002 226.600.000 6.44%
2003 237.400.000 4.55%
2004 257.800.000 7.91%
2005 273.100.000 5.6%
2006 314.000.000 13.03%
2007 334.000.000 5.99%
2008 420.000.000 20.48%
2009 463.000.000 9.29%
2010 519.000.000 10.79%
2011 718.000.000 27.72%
2012 632.000.000 -13.61%
2013 714.000.000 11.48%
2014 782.000.000 8.7%
2015 840.000.000 6.9%
2016 882.000.000 4.76%
2017 968.000.000 8.88%
2018 1.147.000.000 15.61%
2019 1.230.000.000 6.75%
2020 1.364.000.000 9.82%
2021 1.530.000.000 10.85%
2022 1.741.000.000 12.12%
2023 0 0%

EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure that helps stock investors analyze a company's profitability by looking at its earnings without considering certain expenses. This helps to get a clearer picture of the company's financial performance and its ability to generate cash flow.

iA Financial Corporation Inc. EBITDA
Year EBITDA Growth
1998 69.700.000
1999 120.700.000 42.25%
2000 156.200.000 22.73%
2001 180.000.000 13.22%
2002 50.900.000 -253.63%
2003 14.900.000 -241.61%
2004 27.400.000 45.62%
2005 -121.500.000 122.55%
2006 -63.000.000 -92.86%
2007 346.000.000 118.21%
2008 151.000.000 -129.14%
2009 460.000.000 67.17%
2010 507.000.000 9.27%
2011 210.000.000 -141.43%
2012 556.000.000 62.23%
2013 585.000.000 4.96%
2014 535.000.000 -9.35%
2015 535.000.000 0%
2016 861.000.000 37.86%
2017 860.000.000 -0.12%
2018 1.047.000.000 17.86%
2019 -782.000.000 233.89%
2020 -939.000.000 16.72%
2021 -769.000.000 -22.11%
2022 1.526.000.000 150.39%
2023 -1.096.000.000 239.23%

Gross profit is the money a company makes from selling its products or services after subtracting the cost of producing or providing them, and it is an important measure for investors to understand a company's profitability.

iA Financial Corporation Inc. Gross Profit
Year Gross Profit Growth
1998 598.500.000
1999 2.820.400.000 78.78%
2000 2.926.300.000 3.62%
2001 2.712.900.000 -7.87%
2002 2.882.700.000 5.89%
2003 3.351.700.000 13.99%
2004 3.696.800.000 9.34%
2005 4.029.400.000 8.25%
2006 4.937.900.000 18.4%
2007 4.971.000.000 0.67%
2008 4.465.000.000 -11.33%
2009 5.815.000.000 23.22%
2010 6.769.000.000 14.09%
2011 8.037.000.000 15.78%
2012 7.476.000.000 -7.5%
2013 6.023.000.000 -24.12%
2014 9.680.000.000 37.78%
2015 8.239.000.000 -17.49%
2016 9.364.000.000 12.01%
2017 11.298.000.000 17.12%
2018 9.939.000.000 -13.67%
2019 15.305.000.000 35.06%
2020 17.697.000.000 13.52%
2021 15.511.000.000 -14.09%
2022 6.546.000.000 -136.95%
2023 -8.136.000.000 180.46%

Net income in stock investing is like the money a company actually gets to keep as profit after paying all its bills, and it's an important measure to understand how well a company is doing financially.

iA Financial Corporation Inc. Net Profit
Year Net Profit Growth
1998 69.700.000
1999 83.400.000 16.43%
2000 100.800.000 17.26%
2001 106.600.000 5.44%
2002 106.800.000 0.19%
2003 140.300.000 23.88%
2004 159.200.000 11.87%
2005 134.600.000 -18.28%
2006 231.300.000 41.81%
2007 249.000.000 7.11%
2008 72.000.000 -245.83%
2009 220.000.000 67.27%
2010 274.000.000 19.71%
2011 127.000.000 -115.75%
2012 345.000.000 63.19%
2013 388.000.000 11.08%
2014 435.000.000 10.8%
2015 382.000.000 -13.87%
2016 548.000.000 30.29%
2017 533.000.000 -2.81%
2018 638.000.000 16.46%
2019 699.000.000 8.73%
2020 632.000.000 -10.6%
2021 859.000.000 26.43%
2022 800.000.000 -7.38%
2023 224.000.000 -257.14%

EPS, or earnings per share, is a measure that shows how much profit a company has earned for each outstanding share of its stock, and it is important for stock investors as it helps understand the profitability of a company and compare it with other companies in the market.

iA Financial Corporation Inc. Earning per Share (EPS)
Year Earning per Share (EPS) Growth
1998 1
1999 1 100%
2000 1 0%
2001 1 0%
2002 1 0%
2003 2 0%
2004 2 0%
2005 2 0%
2006 3 50%
2007 3 33.33%
2008 1 0%
2009 3 100%
2010 3 33.33%
2011 1 -200%
2012 3 66.67%
2013 4 0%
2014 4 25%
2015 4 -33.33%
2016 5 40%
2017 5 -25%
2018 6 20%
2019 7 16.67%
2020 6 -20%
2021 8 28.57%
2022 8 0%
2023 2 -250%

Cashflow Statements

Cashflow statements show the movement of money in and out of a company, helping stock investors understand how much money a company makes and spends. By examining cashflow statements, investors can assess if a company is generating enough cash to pay its bills, invest in growth, and provide returns to stockholders.

Free cash flow is the leftover cash that a company generates after covering its operating expenses and capital expenditures, which is important for stock investors as it shows how much money a company has available to invest in growth, pay dividends, or reduce debt.

iA Financial Corporation Inc. Free Cashflow
Year Free Cashflow Growth
1999 342.300.000
2000 72.300.000 -373.44%
2001 286.200.000 74.74%
2002 337.500.000 15.2%
2003 744.800.000 54.69%
2004 592.700.000 -25.66%
2005 488.000.000 -21.45%
2006 640.400.000 23.8%
2007 656.000.000 2.38%
2008 676.000.000 2.96%
2009 891.000.000 24.13%
2010 798.000.000 -11.65%
2011 935.000.000 14.65%
2012 1.135.000.000 17.62%
2013 -195.000.000 682.05%
2014 130.000.000 250%
2015 469.000.000 72.28%
2016 -188.000.000 349.47%
2017 521.000.000 136.08%
2018 215.000.000 -142.33%
2019 268.000.000 19.78%
2020 1.683.000.000 84.08%
2021 -63.000.000 2771.43%
2022 326.000.000 119.33%
2023 -186.000.000 275.27%

Operating cash flow represents the cash generated or consumed by a company's day-to-day operations, excluding external investing or financing activities, and is crucial for stock investors as it shows how much cash a company is generating from its core business operations.

iA Financial Corporation Inc. Operating Cashflow
Year Operating Cashflow Growth
1999 342.300.000
2000 77.400.000 -342.25%
2001 286.200.000 72.96%
2002 365.700.000 21.74%
2003 745.700.000 50.96%
2004 624.400.000 -19.43%
2005 489.500.000 -27.56%
2006 641.100.000 23.65%
2007 675.000.000 5.02%
2008 676.000.000 0.15%
2009 891.000.000 24.13%
2010 798.000.000 -11.65%
2011 935.000.000 14.65%
2012 1.135.000.000 17.62%
2013 -195.000.000 682.05%
2014 130.000.000 250%
2015 537.000.000 75.79%
2016 -96.000.000 659.38%
2017 645.000.000 114.88%
2018 392.000.000 -64.54%
2019 418.000.000 6.22%
2020 1.860.000.000 77.53%
2021 185.000.000 -905.41%
2022 613.000.000 69.82%
2023 -115.000.000 633.04%

Capex, short for capital expenditures, refers to the money a company spends on acquiring or upgrading tangible assets like buildings, equipment, or technology, which is important for stock investors as it indicates how much a company is investing in its infrastructure to support future growth and profitability.

iA Financial Corporation Inc. Capital Expenditure
Year Capital Expenditure Growth
1999 0
2000 5.100.000 100%
2001 0 0%
2002 28.200.000 100%
2003 900.000 -3033.33%
2004 31.700.000 97.16%
2005 1.500.000 -2013.33%
2006 700.000 -114.29%
2007 19.000.000 96.32%
2008 0 0%
2009 0 0%
2010 0 0%
2011 0 0%
2012 0 0%
2013 0 0%
2014 0 0%
2015 68.000.000 100%
2016 92.000.000 26.09%
2017 124.000.000 25.81%
2018 177.000.000 29.94%
2019 150.000.000 -18%
2020 177.000.000 15.25%
2021 248.000.000 28.63%
2022 287.000.000 13.59%
2023 71.000.000 -304.23%

Balance Sheet

Balance sheets provide a snapshot of a company's financial health and its assets (such as cash, inventory, and property) and liabilities (like debts and obligations) at a specific point in time. For stock investors, balance sheets help assess the company's overall worth and evaluate its ability to meet financial obligations and support future growth.

Equity refers to the ownership interest or stake that shareholders have in a company, representing their claim on its assets and earnings after all debts and liabilities are paid.

iA Financial Corporation Inc. Equity
Year Equity Growth
1998 583.200.000
1999 727.900.000 19.88%
2000 778.500.000 6.5%
2001 864.800.000 9.98%
2002 938.000.000 7.8%
2003 1.036.900.000 9.54%
2004 1.213.500.000 14.55%
2005 1.361.200.000 10.85%
2006 1.611.800.000 15.55%
2007 1.799.000.000 10.41%
2008 1.858.000.000 3.18%
2009 2.158.000.000 13.9%
2010 2.562.000.000 15.77%
2011 2.775.000.000 7.68%
2012 3.296.000.000 15.81%
2013 3.668.000.000 10.14%
2014 3.935.000.000 6.79%
2015 4.184.000.000 5.95%
2016 4.765.000.000 12.19%
2017 5.136.000.000 7.22%
2018 5.718.000.000 10.18%
2019 6.130.000.000 6.72%
2020 6.513.000.000 5.88%
2021 7.245.000.000 10.1%
2022 7.140.000.000 -1.47%
2023 7.004.000.000 -1.94%

Assets represent the valuable resources that a company owns, such as cash, inventory, property, and equipment, and understanding a company's assets helps investors assess its value and potential for generating future profits.

iA Financial Corporation Inc. Assets
Year Assets Growth
1998 0
1999 9.662.500.000 100%
2000 8.583.600.000 -12.57%
2001 8.886.300.000 3.41%
2002 9.289.200.000 4.34%
2003 10.307.600.000 9.88%
2004 11.050.500.000 6.72%
2005 11.972.900.000 7.7%
2006 13.090.700.000 8.54%
2007 15.104.000.000 13.33%
2008 15.415.000.000 2.02%
2009 17.627.000.000 12.55%
2010 20.102.000.000 12.31%
2011 37.441.000.000 46.31%
2012 41.747.000.000 10.31%
2013 44.030.000.000 5.19%
2014 50.339.000.000 12.53%
2015 52.938.000.000 4.91%
2016 57.050.000.000 7.21%
2017 61.906.000.000 7.84%
2018 63.540.000.000 2.57%
2019 73.148.000.000 13.14%
2020 86.466.000.000 15.4%
2021 94.659.000.000 8.66%
2022 87.425.000.000 -8.27%
2023 87.853.000.000 0.49%

Liabilities refer to the financial obligations or debts that a company owes to creditors or external parties, and understanding a company's liabilities is important for investors as it helps assess the company's financial risk and ability to meet its obligations.

iA Financial Corporation Inc. Liabilities
Year Liabilities Growth
1998 0
1999 8.934.600.000 100%
2000 7.805.100.000 -14.47%
2001 8.021.500.000 2.7%
2002 8.351.200.000 3.95%
2003 9.120.700.000 8.44%
2004 9.837.000.000 7.28%
2005 10.611.700.000 7.3%
2006 11.478.900.000 7.55%
2007 13.305.000.000 13.72%
2008 13.557.000.000 1.86%
2009 15.469.000.000 12.36%
2010 17.540.000.000 11.81%
2011 34.666.000.000 49.4%
2012 38.451.000.000 9.84%
2013 40.362.000.000 4.73%
2014 46.404.000.000 13.02%
2015 48.754.000.000 4.82%
2016 52.285.000.000 6.75%
2017 56.770.000.000 7.9%
2018 57.822.000.000 1.82%
2019 67.018.000.000 13.72%
2020 79.953.000.000 16.18%
2021 87.414.000.000 8.54%
2022 80.285.000.000 -8.88%
2023 1.825.000.000 -4299.18%

iA Financial Corporation Inc. Financial Ratio (TTM)

Valuation Metrics

Revenue per Share
54.45
Net Income per Share
7.29
Price to Earning Ratio
12.07x
Price To Sales Ratio
1.58x
POCF Ratio
7.36
PFCF Ratio
9.42
Price to Book Ratio
1.28
EV to Sales
1.64
EV Over EBITDA
19.79
EV to Operating CashFlow
7.44
EV to FreeCashFlow
9.76
Earnings Yield
0.08
FreeCashFlow Yield
0.11
Market Cap
8,77 Bil.
Enterprise Value
9,08 Bil.
Graham Number
106.16
Graham NetNet
65.13

Income Statement Metrics

Net Income per Share
7.29
Income Quality
1.32
ROE
0.11
Return On Assets
0.01
Return On Capital Employed
-0
Net Income per EBT
0.79
EBT Per Ebit
-6.67
Ebit per Revenue
-0.02
Effective Tax Rate
0.21

Margins

Sales, General, & Administrative to Revenue
0.04
Research & Developement to Revenue
0
Stock Based Compensation to Revenue
0
Gross Profit Margin
1
Operating Profit Margin
-0.02
Pretax Profit Margin
0.1
Net Profit Margin
0.08

Dividends

Dividend Yield
0.03
Dividend Yield %
3.37
Payout Ratio
0.44
Dividend Per Share
2.97

Operating Metrics

Operating Cashflow per Share
11.96
Free CashFlow per Share
9.13
Capex to Operating CashFlow
-0.24
Capex to Revenue
-0.05
Capex to Depreciation
-0.82
Return on Invested Capital
0.01
Return on Tangible Assets
0.01
Days Sales Outstanding
0
Days Payables Outstanding
0
Days of Inventory on Hand
0
Receivables Turnover
0
Payables Turnover
0
Inventory Turnover
0
Capex per Share
-2.83

Balance Sheet

Cash per Share
83,02
Book Value per Share
68,67
Tangible Book Value per Share
812.25
Shareholders Equity per Share
68.67
Interest Debt per Share
14.85
Debt to Equity
0.21
Debt to Assets
0.02
Net Debt to EBITDA
0.67
Current Ratio
0
Tangible Asset Value
82,85 Bil.
Net Current Asset Value
-0,64 Bil.
Invested Capital
0.21
Working Capital
1,19 Bil.
Intangibles to Total Assets
0.04
Average Receivables
0,00 Bil.
Average Payables
0,00 Bil.
Average Inventory
0
Debt to Market Cap
0.17

Dividends

Dividends in stock investing are like rewards that companies give to their shareholders. They are a portion of the company's profits distributed to investors, typically in the form of cash payments, as a way for them to share in the company's success.

iA Financial Corporation Inc. Dividends
Year Dividends Growth
2000 0
2001 1 0%
2002 1 0%
2003 1 0%
2004 1 0%
2005 1 0%
2006 1 0%
2007 1 0%
2008 1 0%
2009 1 0%
2010 1 0%
2011 1 0%
2012 1 0%
2013 1 0%
2014 1 100%
2015 1 0%
2016 1 0%
2017 1 0%
2018 2 0%
2019 2 0%
2020 2 0%
2021 2 50%
2022 3 0%
2023 2 0%

iA Financial Corporation Inc. Profile

About iA Financial Corporation Inc.

iA Financial Corporation Inc., through its subsidiary, Industrial Alliance Insurance and Financial Services Inc., provides various life and health insurance products in Canada and the United States. The company operates through Individual Insurance, Individual Wealth Management, Group Insurance, Group Savings and Retirement, US Operations, and Other segments. It offers life, health, disability, and mortgage insurance products, as well as individual products and services for savings plans, securities brokerage, trust operations, and mutual funds. The company also provides group insurance products and services, including accidental death and dismemberment, dental care, short and long-term disability insurance, products for employee plans; creditor and replacement insurance, replacement warranties, extended warranties, and other products for dealer services; and specialized products. In addition, the company offers group products and services for savings plans, retirement, and segregated funds. Further, the company provides auto and home insurance products, as well as offers asset management and financing services. The company was founded in 1892 and is headquartered in Québec, Canada.

CEO
Mr. Denis Yves Ricard B.Sc., F
Employee
7.000
Address
1080 Grande AllEe West
Québec, G1K 7M3

iA Financial Corporation Inc. Executives & BODs

iA Financial Corporation Inc. Executives & BODs
# Name Age
1 Mr. Alain Bergeron M.Sc.
Executive Vice President & Chief Investment Officer
70
2 Pierre Picard
Manager of Public Relations
70
3 Ms. Marie-Annick Bonneau
Head of Investor Relations
70
4 Mr. Gary J. Coles
Senior Vice President of Administration & Group Insurance
70
5 Ms. Manon Gauthier CPA, CA, CFA
Senior Vice-President of Administration, Individual Savings & Retirement
70
6 Mr. Paul R. Grimes C.L.U., CFP, ChFC
Senior Vice President of Distribution Independent Advisor Network Individual Insurance, Savings & Retirement
70
7 Mr. Michael Lee Stickney B.S., C.F.A., F.S.A., FCIA, M.B.A.
Executive Vice President, Chief Growth Officer US Operations & Co-Head of Acquisitions
70
8 Mr. Eric Jobin B.Sc., F.S.A., FCIA
Executive Vice President, Chief Financial Officer, & Chief Actuary
70
9 Mr. Denis Yves Ricard B.Sc., F.S.A., FCIA
Chief Executive Officer, President & Director
70
10 Mr. Pierre C. Miron
Executive Vice President & Chief Growth Officer Canadian Operations
70

iA Financial Corporation Inc. Competitors