CAD47.05
0.30% yesterday
Toronto, Nov 22, 10:00 pm CET
ISIN
CA4495861060
Symbol
IGM
Sector
Industry

IGM Financial Target price 2024 - Analyst rating & recommendation

IGM Financial Classifications & Recommendation:

Buy
43%
Hold
57%

IGM Financial Price Target

Target Price CAD50.17
Price CAD47.05
Potential
Number of Estimates 6
6 Analysts have issued a price target IGM Financial 2025 . The average IGM Financial target price is CAD50.17. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 7 analysts: 3 Analysts recommend IGM Financial to buy, 4 to hold and 0 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the IGM Financial stock has an average upside potential 2025 of . Most analysts recommend the IGM Financial stock at Hold.

Sales and Margin forecast 2024, 2025 & 2026

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Quarter Annually
Dec '23 2024
Estimates
Revenue Billion CAD 3.49 3.37
8.59% 3.56%
EBITDA Margin 40.18% 44.48%
4.90% 10.70%
Net Margin 32.71% 26.26%
22.20% 19.71%

3 Analysts have issued a sales forecast IGM Financial 2024 . The average IGM Financial sales estimate is

CAD3.4b
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. This is
3.80% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
CAD3.4b 3.83%
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, the lowest is
CAD3.4b 3.77%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 CAD3.5b 8.59%
2024
CAD3.4b 3.56%
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2025
CAD3.6b 7.35%
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2026
CAD3.9b 6.78%
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5 Analysts have issued an IGM Financial EBITDA forecast 2024. The average IGM Financial EBITDA estimate is

CAD1.5b
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. This is
17.93% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
CAD1.6b 24.14%
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, the lowest is
CAD1.4b 11.40%
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.

This results in the following potential growth metrics and future EBITDA Margins:

EBITDA Estimates

2023 CAD1.4b 13.91%
2024
CAD1.5b 6.76%
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2025
CAD1.6b 8.73%
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2026
CAD1.7b 6.37%
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EBITDA Margin

2023 40.18% 4.90%
2024
44.48% 10.70%
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2025
45.06% 1.30%
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2026
44.88% 0.40%
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The average IGM Financial net profit estimate is

CAD885m
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. This is
19.05% lower
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than the net profit for the last 12 months(TTM).

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2023 CAD1.1b 32.69%
2024
CAD885m 22.57%
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2025
CAD944m 6.68%
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Net Margin

2023 32.71% 22.20%
2024
26.26% 19.71%
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2025
26.10% 0.61%
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Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 & 2026

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Dec '23 2024
Estimates
Earnings Per Share CAD 4.83 3.74
32.69% 22.57%
P/E 12.58
EV/Sales 5.33

The average IGM Financial <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS is

CAD3.74
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. This is
19.05% lower
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than earnings per share in the financial year 2023.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2023 CAD4.83 32.69%
2024
CAD3.74 22.57%
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2025
CAD3.99 6.68%
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P/E ratio

Current 10.18 20.62%
2024
12.58 23.58%
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2025
11.79 6.28%
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Based on analysts' sales estimates for 2024, the IGM Financial stock is valued at an <a href=https://blog.stocksguide.com/knowledge/enterprise-value-sales-simply-explained>EV/Sales of

and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of .

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 5.53 18.67%
2024
5.33 3.62%
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2025
4.96 6.85%
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2026
4.65 6.35%
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P/S ratio

Current 3.43 40.57%
2024
3.31 3.66%
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2025
3.08 6.85%
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2026
2.88 6.35%
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