IGM Financial is the largest non-bank-affiliated asset manager in Canada. The firm is part of the Power Financial group of companies, which holds a 62% equity stake in IGM Financial as well as stakes in Great-West Life, London Life, and Canada Life. IGM has two main operating divisions—asset management (operated through Mackenzie Investments) and wealth management (via its IG Wealth Management subsidiary)—that provide investment management products and services. At the end of October 2024, IGM Financial had CAD 249.1 billion in AUM (including CAD 83.1 billion in AUM that was being managed for its IG Wealth Management arm) at Mackenzie Investments, CAD 120.9 billion in assets under advisement at its IG Wealth Management subsidiary, and CAD 15.6 billion in other AUA.
1978
3.7K+
LTM Revenue $2.4B
LTM EBITDA $1.1B
$11.2B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
IGM Financial has a last 12-month revenue of $2.4B and a last 12-month EBITDA of $1.1B.
In the most recent fiscal year, IGM Financial achieved revenue of $2.5B and an EBITDA of $1.0B.
IGM Financial expects next 12-month revenue of XXX   and NTM EBITDA of XXX
See IGM Financial valuation multiples based on analyst estimatesFY 2022 | FY 2023 | FY 2024 | LTM | NTM | |
---|---|---|---|---|---|
Revenue | $2.4B | $2.2B | $2.5B | $2.4B | XXX |
Gross Profit | $1.1B | $1.1B | $1.2B | XXX | XXX |
Gross Margin | 46% | 49% | 49% | XXX | XXX |
EBITDA | $941M | $954M | $1.0B | $1.1B | XXX |
EBITDA Margin | 39% | 43% | 41% | 45% | XXX |
Net Profit | $609M | $807M | $655M | XXX | XXX |
Net Margin | 25% | 36% | 27% | XXX | XXX |
Net Debt | $4.0B | $4.6B | $4.6B | XXX | XXX |
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As of February 21, 2025, IGM Financial's stock price is CAD 45 (or $32).
IGM Financial has current market cap of CAD 10.7B (or $7.5B), and EV of CAD 16.0B (or $11.2B).
See IGM Financial trading valuation dataEV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
---|---|---|---|---|---|---|
$11.2B | $7.5B | XXX | XXX | XXX | XXX | $2.82 |
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Sign UpAs of February 21, 2025, IGM Financial has market cap of $7.5B and EV of $11.2B.
IGM Financial's trades at 4.7x LTM EV/Revenue multiple, and 10.4x LTM EBITDA.
Analysts estimate IGM Financial's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for IGM Financial and 10K+ public compsFY 2024 | FY 2025E | FY 2026E | FY 2027E | |
---|---|---|---|---|
EV | $11.2B | XXX | XXX | XXX |
EV/Revenue | 4.6x | XXX | XXX | XXX |
EV/EBITDA | 11.2x | XXX | XXX | XXX |
P/E | 11.4x | XXX | XXX | XXX |
P/E/Growth | 1.2x | XXX | XXX | XXX |
EV/FCF | 15.5x | XXX | XXX | XXX |
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Sign UpIGM Financial's NTM/LTM revenue growth is 8%
IGM Financial's revenue per employee for the last fiscal year averaged $0.7M, while opex per employee averaged $0.1M for the same period.
Over next 12 months, IGM Financial's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate IGM Financial's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for IGM Financial and other 10K+ public compsFY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
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Revenue Growth | 10% | XXX | XXX | XXX | XXX |
EBITDA Margin | 41% | XXX | XXX | XXX | XXX |
EBITDA Growth | 5% | XXX | XXX | XXX | XXX |
Rule of 40 (SaaS-only) | 49% | XXX | XXX | XXX | XXX |
Revenue per Employee | $0.7M | XXX | XXX | XXX | XXX |
Opex per Employee | $0.1M | XXX | XXX | XXX | XXX |
S&M Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
G&A Expenses to Revenue | 3% | XXX | XXX | XXX | XXX |
R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
Opex to Revenue | 16% | XXX | XXX | XXX | XXX |
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Investcorp Capital | XXX | XXX | XXX | XXX | XXX | XXX |
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ASR Nederland | XXX | XXX | XXX | XXX | XXX | XXX |
CVC Capital Partners | XXX | XXX | XXX | XXX | XXX | XXX |
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XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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IGM Financial acquired XXX companies to date.
Last acquisition by IGM Financial was XXXXXXXX, XXXXX XXXXX XXXXXX . IGM Financial acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiplesAcquired Company | EV | EV/Revenue | EV/EBITDA |
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XXXXXXXXX | XXX | XXX | XXX |
XXXXXXXXX | XXX | XXX | XXX |
XXXXXXXXX | XXX | XXX | XXX |
XXXXXXXXX | XXX | XXX | XXX |
XXXXXXXXX | XXX | XXX | XXX |
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Sign UpWhen was IGM Financial founded? | IGM Financial was founded in 1978. |
Where is IGM Financial headquartered? | IGM Financial is headquartered in Canada. |
How many employees does IGM Financial have? | As of today, IGM Financial has 3.7K+ employees. |
Who is the CEO of IGM Financial? | IGM Financial's CEO is Mr. James P. O’Sullivan. |
Is IGM Financial publicy listed? | Yes, IGM Financial is a public company listed on TSE. |
What is the stock symbol of IGM Financial? | IGM Financial trades under IGM ticker. |
When did IGM Financial go public? | IGM Financial went public in 1986. |
Who are competitors of IGM Financial? | Similar companies to IGM Financial include e.g. Investcorp Capital, Waha Capital, ASR Nederland, CVC Capital Partners. |
What is the current market cap of IGM Financial? | IGM Financial's current market cap is $7.5B |
What is the current revenue of IGM Financial? | IGM Financial's last 12-month revenue is $2.4B. |
What is the current EBITDA of IGM Financial? | IGM Financial's last 12-month EBITDA is $1.1B. |
What is the current EV/Revenue multiple of IGM Financial? | Current revenue multiple of IGM Financial is 4.7x. |
What is the current EV/EBITDA multiple of IGM Financial? | Current EBITDA multiple of IGM Financial is 10.4x. |
What is the current revenue growth of IGM Financial? | IGM Financial revenue growth between 2023 and 2024 was 10%. |
Is IGM Financial profitable? | Yes, IGM Financial is EBITDA-positive (as of the last 12 months). |
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