Definitive Analysis
Definitive Analysis

Financial Statements

Company Industry Sector

Fundamentals

Margins Returns Growth Rates Metrics/Ratios

Valuations

Projections DCF DDM EPV Multiples Valuations

Miscellaneous

Indicators Charts WACC Beta Predictability

Analysis Mode

Ticker

Industry

Sector

IGM Financial Inc. (IGM.TO)

Company Dividend Discount ModelIndustry: Asset ManagementSector: Financial Services

Valuation Snapshot

Stable Growth$49.69 - $82.01$64.02
Multi-Stage$84.66 - $92.92$88.71
Blended Fair Value$76.37
Current Price$43.02
Upside77.52%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-0.19%-0.15%2.252.252.262.262.262.272.282.282.292.36
YoY Growth---0.26%-0.33%0.03%0.16%-0.53%-0.50%0.09%-0.58%-2.80%3.30%
Dividend Yield--5.07%6.50%5.59%5.11%5.89%9.71%6.56%6.10%5.77%6.02%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)1,033.34
(-) Cash Dividends Paid (M)532.92
(=) Cash Retained (M)500.41
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)206.67129.1777.50
Cash Retained (M)500.41500.41500.41
(-) Cash Required (M)-206.67-129.17-77.50
(=) Excess Retained (M)293.74371.25422.91
(/) Shares Outstanding (M)237.76237.76237.76
(=) Excess Retained per Share1.241.561.78
LTM Dividend per Share2.242.242.24
(+) Excess Retained per Share1.241.561.78
(=) Adjusted Dividend3.483.804.02
WACC / Discount Rate7.13%7.13%7.13%
Growth Rate0.12%1.12%2.12%
Fair Value$49.69$64.02$82.01
Upside / Downside15.49%48.83%90.62%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)1,033.341,044.921,056.631,068.471,080.441,092.551,125.33
Payout Ratio51.57%59.26%66.94%74.63%82.31%90.00%92.50%
Projected Dividends (M)532.92619.20707.35797.39889.36983.301,040.93

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.13%7.13%7.13%
Growth Rate0.12%1.12%2.12%
Year 1 PV (M)572.29578.01583.72
Year 2 PV (M)604.23616.36628.61
Year 3 PV (M)629.55648.60668.03
Year 4 PV (M)648.96675.28702.39
Year 5 PV (M)663.15696.93732.08
PV of Terminal Value (M)17,010.6217,877.2618,778.88
Equity Value (M)20,128.8021,092.4522,093.72
Shares Outstanding (M)237.76237.76237.76
Fair Value$84.66$88.71$92.92
Upside / Downside96.79%106.21%116.00%

High-Yield Dividend Screener

« Prev Page 20 of 30 Next »
Ticker ⇵ Company ⇵ Dividend Yield % ▼ Dividend Per Share ⇵ Payout Ratio % ⇵
SMBCSouthern Missouri Bancorp, Inc.1.61%$0.9417.19%
VIRCVirco Mfg. Corporation1.61%$0.1041.34%
CNOCNO Financial Group, Inc.1.60%$0.6722.53%
IVTInvenTrust Properties Corp.1.60%$0.4529.49%
KBRKBR, Inc.1.60%$0.6521.84%
OBKOrigin Bancorp, Inc.1.60%$0.6031.45%
TNCTennant Company1.60%$1.1839.96%
DELLDell Technologies Inc.1.59%$2.0327.33%
RVSBRiverview Bancorp, Inc.1.59%$0.0835.84%
0HPW.LBroadridge Financial Solutions, Inc.1.58%$3.4944.54%
CCFChase Corporation1.58%$2.0157.26%
MSIFMSC Income Fund, Inc.1.58%$0.2112.72%
PRIPrimerica, Inc.1.58%$4.1018.44%
IEXIDEX Corporation1.57%$2.8244.28%
LHXL3Harris Technologies, Inc.1.57%$4.7951.11%
MROMarathon Oil Corporation1.57%$0.4519.02%
NEUNewMarket Corporation1.57%$10.8222.69%
PSMTPriceSmart, Inc.1.57%$1.9339.29%
TFSLTFS Financial Corporation1.57%$0.2165.45%
UFPIUFP Industries, Inc.1.57%$1.4425.79%
0M3Q.LZoetis Inc.1.56%$1.9532.55%
0K92.LNorthrop Grumman Corporation1.55%$8.8031.43%
0QZ5.LCognizant Technology Solutions Corporation1.55%$1.2528.62%
EMREmerson Electric Co.1.55%$2.1151.98%
SYFSynchrony Financial1.55%$1.3213.96%
TXRHTexas Roadhouse, Inc.1.55%$2.6540.30%
0HQW.LC.H. Robinson Worldwide, Inc.1.54%$2.4850.26%
0J76.LHuntington Ingalls Industries, Inc.1.54%$5.3637.08%
BHEBenchmark Electronics, Inc.1.54%$0.6865.62%
DPZDomino's Pizza, Inc.1.54%$6.5437.90%
GRCThe Gorman-Rupp Company1.54%$0.7438.69%
DFSDiscover Financial Services1.53%$3.0616.08%
SPFISouth Plains Financial, Inc.1.53%$0.5916.67%
JMSBJohn Marshall Bancorp, Inc.1.52%$0.3029.07%
0J3H.LThe Hartford Financial Services Group, Inc.1.51%$2.0616.53%
TRVThe Travelers Companies, Inc.1.51%$4.2916.63%
CISMXClarkston Partners Fund Institutional Class1.50%$0.1932.74%
FCAPFirst Capital, Inc.1.50%$0.8828.53%
MGYRMagyar Bancorp, Inc.1.50%$0.2622.66%
OBTOrange County Bancorp, Inc.1.50%$0.4315.62%
OSKOshkosh Corporation1.50%$1.9919.24%
SAICScience Applications International Corporation1.50%$1.5119.14%
FULH.B. Fuller Company1.49%$0.9043.28%
CBNKCapital Bancorp, Inc.1.48%$0.4114.04%
FRBAFirst Bank1.48%$0.2414.40%
ANDEThe Andersons, Inc.1.47%$0.7836.39%
IROQIF Bancorp, Inc.1.47%$0.4025.40%
WMWaste Management, Inc.1.47%$3.2250.78%
ATRAptarGroup, Inc.1.45%$1.7828.44%
CHXChampionX Corporation1.45%$0.3724.70%