06:40:23 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



IGM Financial Inc
Symbol IGM
Shares Issued 248,476,426
Close 2015-07-03 C$ 40.75
Market Cap C$ 10,125,414,360
Recent Sedar Documents

Globe says IGM, others have several positive trends

2015-07-03 07:46 ET - In the News

Also In the News (C-EQB) Equitable Group Inc
Also In the News (C-GWO) Great-West Lifeco Inc
Also In the News (C-MRU) Metro Inc
Also In the News (C-T) Telus Corp (2)
Also In the News (C-WJA) WestJet Airlines Ltd

The Globe and Mail attempts to identify steady Canadian companies showing consistent returns on equity in its Friday, July 3, edition. The Globe's Ian Tam writes in the Number Cruncher column that he looked for companies showing positive trends in return on equity -- and have also had a consistently positive ROE over five-year and 10-year periods. As an added metric to find predictable companies, Mr. Tam also used the Morningstar CPMS earnings-variability metric that looks at the historical volatility of a company's earnings. Companies with lower earnings variability have had consistent earnings over time. The strategy ranks stocks on the best combination of the following metrics: quarterly ROE momentum (trailing four quarters ROE versus the same number, one quarter ago); trailing price-to-earnings (P/E) multiple; and earnings variability. Qualifying stocks have a trailing P/E less than 18 times, a five-year average ROE greater than 6 per cent, a 10-year average ROE greater than 9 per cent and a market cap greater than $400-million. Firms with consistent ROE are Great-West Lifeco, WestJet Airlines, IGM Financial, Equitable Group, Metro and Telus.

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