IAG Stock Analysis: iA Financial | TO
Insurance - Diversified | TO, Canada | Market Cap: 19.158m CAD | 12M Return: 40.1% | CA45075E1043 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 55.8M
EPS Trend: 98.6%
Qual. Beats: 2
Rev. Trend: 54.1%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 11.8 years of data, until 10/2026
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, ≥40 worth a closer look and ≥60 is strong.
iA Financial Corporation (TSX: IAG) is a Canadian financial services company serving individual and group clients in Canada and the United States. Its businesses include life, health, auto, home and creditor insurance, as well as wealth management, investment funds, brokerage and trust services.
The company also provides vehicle warranties and automotive-related products and services, and owns commercial real estate. As a multiline insurer, it offers coverage across several insurance categories alongside wealth and investment services. Founded in 1892, iA Financial is headquartered in Quebec City.
- Insurance claims and catastrophe losses pressure underwriting margins
- Wealth management inflows and assets under management lift fee revenue
- Canadian interest rates and investment returns drive spread income and capital strength
| Net Income: 1.23b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA 1.91 > 1.0 |
| NWC/Revenue: -58.63% < 20% (prev -34.79%; Δ -23.83% < -1%) |
| CFO/TA 0.03 > 3% & CFO 3.47b > Net Income 1.23b |
| Net Debt (403.0m) to EBITDA (1.85b): 0.22 < 3 |
| Current Ratio: 0.46 > 1.5 & < 3 |
| Outstanding Shares: last quarter (87.3m) vs 12m ago -6.08% < -2% |
| Gross Margin: error (current vs previous; cannot be calculated due to missing/invalid data or negative margin) |
| Asset Turnover: 8.72% > 50% (prev 6.41%; Δ 2.31% > 0%) |
| Interest Coverage Ratio: 18.79 > 6 (EBIT TTM 1.45b / Interest Expense TTM 77.0m) |
| A: -0.05 (Total Current Assets 5.60b - Total Current Liabilities 12.1b) / Total Assets 135b |
| B: 0.04 (Retained Earnings 5.58b / Total Assets 135b) |
| C: 0.01 (EBIT TTM 1.45b / Avg Total Assets 127b) |
| D: 0.06 (Book Value of Equity 8.13b / Total Liabilities 127b) |
| Altman-Z'' = -0.04 = B |
As of November 12, 2026, the stock is trading at CAD 222.55 with a total of 395,754 shares traded. Over the past week, the price has changed by +0.44%, over one month by +5.89%, over three months by +8.03% and over the past year by +40.07%.
Current recommended Stop Loss: 215.50 (which is 3.2% or 1.3 ATR below the current price).
iA Financial has no consensus analysts rating.
P/E Trailing = 20.7228
P/E Forward = 13.4228
P/S = 1.916
P/B = 2.6513
P/EG = 1.1271
Revenue TTM = 11.1b CAD
EBIT TTM = 1.45b CAD
EBITDA TTM = 1.85b CAD
Long Term Debt = 1.59b CAD (from longTermDebt, last quarter)
Short Term Debt = unknown (none)
Debt = 2.91b CAD (from shortLongTermDebtTotal, last fiscal year) + Leases 139.0m
Net Debt = 403.0m CAD (calculated: Debt 2.91b - CCE 2.51b)
Enterprise Value = 19.6b CAD (19.2b + Debt 2.91b - CCE 2.51b)
Interest Coverage Ratio = 18.79 (Ebit TTM 1.45b / Interest Expense TTM 77.0m)
EV/FCF = 6.08x (Enterprise Value 19.6b / FCF TTM 3.21b)
FCF Yield = 16.44% (FCF TTM 3.21b / Enterprise Value 19.6b)
FCF Margin = 28.95% (FCF TTM 3.21b / Revenue TTM 11.1b)
Net Margin = 11.04% (Net Income TTM 1.23b / Revenue TTM 11.1b)
Gross Margin = unknown ((Revenue TTM 11.1b - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = 0.15 (Enterprise Value 19.6b / Total Assets 135b)
Interest Expense / Debt = 2.65% (Interest Expense 77.0m / Debt 2.91b)
Taxrate = 10.51% (144.0m / 1.37b)
NOPAT = 1.29b (EBIT 1.45b * (1 - 10.51%))
Current Ratio = 0.46 (Total Current Assets 5.60b / Total Current Liabilities 12.1b)
Debt / Equity = 0.36 (Debt 2.91b / totalStockholderEquity, last quarter 8.13b)
Debt / EBITDA = 0.22 (Net Debt 403.0m / EBITDA 1.85b)
Debt / FCF = 0.13 (Net Debt 403.0m / FCF TTM 3.21b)
Total Stockholder Equity = 8.16b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.96% (Net Income 1.23b / Total Assets 135b)
RoE = 15.03% (Net Income TTM 1.23b / Total Stockholder Equity 8.16b)
RoCE = 14.84% (EBIT 1.45b / Capital Employed (Equity 8.16b + L.T.Debt 1.59b))
RoIC = 1.20% (EBIT 1.45b / (Assets 135b - Curr.Liab 12.1b - Cash 2.51b))
WACC = 6.61% (E(19.2b)/V(22.1b) * Re(7.25%) + D(2.91b)/V(22.1b) * Rd(2.65%) * (1-Tc(0.11)))
Discount Rate = 7.25% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -94.06 | Cagr: -4.57%
[DCF] Terminal Value 77.97% ; FCFF base≈2.16b ; Y1≈2.47b ; Y5≈3.64b
[DCF] Fair Price = 615.6 (EV 54.8b - Net Debt 403.0m = Equity 54.4b / Shares 88.4m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 98.59 | EPS CAGR: 16.78% | SUE: 1.02 | # QB: 2
Revenue Correlation: 54.14 | Revenue CAGR: 13.51% | SUE: 0.29 | # QB: 0
EPS current Quarter (2027-03-31): EPS=3.87 | Chg30d=+1.88% | Revisions=+50% | Analysts=3
EPS current Year (2026-12-31): EPS=14.64 | Chg30d=+2.41% | Revisions=+57% | GrowthEPS=+13.0% | GrowthRev=+0.0%
EPS next Year (2027-12-31): EPS=15.92 | Chg30d=+0.78% | Revisions=+12% | GrowthEPS=+8.8% | GrowthRev=+0.0%
[Analyst] Revisions Ratio: +53% (up=10, down=2)