IGM vs. ONEX, CIX, BAM, IAG, X, DFY, ELF, EQB, GSY, and CWB
Should you be buying IGM Financial stock or one of its competitors? The main competitors of IGM Financial include Onex (ONEX), CI Financial (CIX), Brookfield Asset Management (BAM), iA Financial (IAG), TMX Group (X), Definity Financial (DFY), E-L Financial (ELF), EQB (EQB), goeasy (GSY), and Canadian Western Bank (CWB). These companies are all part of the "financial services" sector.
Onex (TSE:ONEX) and IGM Financial (TSE:IGM) are both mid-cap financial services companies, but which is the superior stock? We will contrast the two businesses based on the strength of their valuation, media sentiment, community ranking, earnings, institutional ownership, profitability, risk, dividends and analyst recommendations.
36.4% of Onex shares are owned by institutional investors. Comparatively, 8.4% of IGM Financial shares are owned by institutional investors. 17.7% of Onex shares are owned by insiders. Comparatively, 59.0% of IGM Financial shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.
Onex presently has a consensus price target of C$108.33, indicating a potential upside of 9.53%. IGM Financial has a consensus price target of C$42.33, indicating a potential upside of 25.51%. Given Onex's higher possible upside, analysts clearly believe IGM Financial is more favorable than Onex.
Onex pays an annual dividend of C$0.40 per share and has a dividend yield of 0.4%. IGM Financial pays an annual dividend of C$2.25 per share and has a dividend yield of 6.6%. Onex pays out 4.4% of its earnings in the form of a dividend. IGM Financial pays out 58.0% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years.
Onex has a net margin of 48.85% compared to Onex's net margin of 31.03%. Onex's return on equity of 14.46% beat IGM Financial's return on equity.
In the previous week, IGM Financial had 1 more articles in the media than Onex. MarketBeat recorded 8 mentions for IGM Financial and 7 mentions for Onex. IGM Financial's average media sentiment score of 0.47 beat Onex's score of 0.46 indicating that Onex is being referred to more favorably in the media.
Onex has a beta of 1.57, meaning that its share price is 57% more volatile than the S&P 500. Comparatively, IGM Financial has a beta of 1.58, meaning that its share price is 58% more volatile than the S&P 500.
IGM Financial received 15 more outperform votes than Onex when rated by MarketBeat users. However, 57.12% of users gave Onex an outperform vote while only 45.16% of users gave IGM Financial an outperform vote.
IGM Financial has higher revenue and earnings than Onex. IGM Financial is trading at a lower price-to-earnings ratio than Onex, indicating that it is currently the more affordable of the two stocks.
Summary
IGM Financial beats Onex on 11 of the 19 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding IGM and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
This chart shows the average media sentiment of TSE and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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