TSX:IFC - Post Discussion
Post by
retiredcf on Jun 12, 2022 3:50pm
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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