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Intact Financial Corp T.IFC

Alternate Symbol(s):  IFCZF | T.IFC.PR.A | T.IFC.PR.C | INTAF | T.IFC.PR.E | INFFF | T.IFC.PR.F | T.IFC.PR.G | IFTPF | IFZZF | T.IFC.PR.I | T.IFC.PR.K

Intact Financial Corporation is a Canada-based company, which is a provider of property and casualty insurance. Its Canada segment is engaged in underwriting of automobile, home and business insurance contracts to individuals and businesses in Canada distributed through a network of brokers and directly to consumers. Its UK & International segment is engaged in underwriting of automobile, home, pet and business insurance contracts to businesses in the United Kingdom, Europe, and Ireland as well as internationally. It distributes insurance through a network of affinity partners and brokers, or directly to consumers. Its US segment is engaged in underwriting of speciality contracts, mainly to small to medium-sized businesses in the United States. It distributes insurance through independent agencies, brokers, wholesalers and managing general agencies. It also offers an app-based service that connects homeowners with local service professionals to provide various home maintenance tasks.


TSX:IFC - Post by User

Post by retiredcfon Jun 12, 2022 3:50pm
434 Views
Post# 34750310

Assessment

Assessment

IFC has demonstrated a strong position in the Canadian insurance industry and its revenue growth has been quite significant over the years. Its five-year annualized sales growth is 18% and its five-year EBITDA growth rate is 32% annually. The company currently has a 2.2% dividend yield and generates more than enough free cash flow to sustain these yields. It has a low debt amount, a great valuation (1.6X forward sales, 15.5X forward P/E, and 2.3X price to book), and a strong balance sheet. With an industry-leading position, strong fundamentals, decent yield, and a good history of price appreciation, we would be quite comfortable initiating a position in IFC.

Provided by the team at 5iResearch. GLTA

 

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