R Orr - IGM Financial Independent Chairman of the Board

IGM Stock  CAD 36.95  0.35  0.96%   

Insider

R Orr is Independent Chairman of the Board of IGM Financial since 2012.
Age 60
Tenure 12 years
Address 447 Portage Avenue, Winnipeg, MB, Canada, R3B 3H5
Phone204-943-0361
Webhttps://www.igmfinancial.com

IGM Financial Management Efficiency

The company has return on total asset (ROA) of 0.0422 % which means that it generated a profit of $0.0422 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.1163 %, meaning that it generated $0.1163 on every $100 dollars invested by stockholders. IGM Financial's management efficiency ratios could be used to measure how well IGM Financial manages its routine affairs as well as how well it operates its assets and liabilities. As of the 18th of May 2024, Return On Tangible Assets is likely to grow to 0.12. Also, Return On Capital Employed is likely to grow to 0.14. At this time, IGM Financial's Fixed Asset Turnover is very stable compared to the past year. As of the 18th of May 2024, Return On Assets is likely to grow to 0.08, while Total Assets are likely to drop about 10.2 B.
The company has accumulated 2.3 B in total debt with debt to equity ratio (D/E) of 0.47, which is about average as compared to similar companies. IGM Financial has a current ratio of 3.12, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist IGM Financial until it has trouble settling it off, either with new capital or with free cash flow. So, IGM Financial's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like IGM Financial sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for IGM to invest in growth at high rates of return. When we think about IGM Financial's use of debt, we should always consider it together with cash and equity.

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IGM Financial Inc. operates as a wealth and asset management company in Canada. IGM Financial Inc. is a subsidiary of Power Financial Corporation. IGM FINANCIAL operates under Asset Management classification in Canada and is traded on Toronto Stock Exchange. It employs 3300 people. IGM Financial (IGM) is traded on Toronto Exchange in Canada and employs 33 people. IGM Financial is listed under Asset Management & Custody Banks category by Fama And French industry classification.

Management Performance

IGM Financial Leadership Team

Elected by the shareholders, the IGM Financial's board of directors comprises two types of representatives: IGM Financial inside directors who are chosen from within the company, and outside directors, selected externally and held independent of IGM. The board's role is to monitor IGM Financial's management team and ensure that shareholders' interests are well served. IGM Financial's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, IGM Financial's outside directors are responsible for providing unbiased perspectives on the board's policies.
Cynthia Currie, Chief Human Resource Officer, Executive Vice President
Christopher Reynolds, Vice-Chairman, President and Chief Executive Officer - Investment Planning Counsel
Douglas Milne, Executive Vice President Chief Marketing and Strategy Officer
Herpreet Lamba, Senior Services
Sharon Hodgson, Independent Director
Todd Asman, Executive Vice-President, Products and Financial Planning, IG Wealth Management
Sharon MacLeod, Independent Director
Tony Elavia, Chief Investment Officer of Mackenzie Investments and Executive Vice-President of Mackenzie Investments
Gregory Tretiak, Independent Director
R Orr, Independent Chairman of the Board
Susan Doniz, Independent Director
Blaine Shewchuk, Executive Vice President, Chief Strategy & Corporate Development Officer, IGM Financial
Keith Potter, Executive CFO
Kristin Ashcroft, Executive Investments
Andre Desmarais, Independent Director
Susan McArthur, Independent Director
Claude Genereux, Independent Director
Jeffrey CFA, Advisor
Michael Dibden, Chief Operating Officer
Beth Wilson, Independent Director
Rhonda Goldberg, Senior Vice President - Client and Regulatory Affairs
Gary Doer, Independent Director
James OSullivan, CEO President
Paul Desmarais, Independent Director
John McCallum, Independent Director
Marcel Coutu, Independent Director
Marc Bibeau, Independent Director
Damon Murchison, Senior Vice President Head of Retail Distribution, Mackenzie Investments
Barry McInerney, President, Chief Executive Officer of Mackenzie Investments
Mark Kinzel, Executive Vice President - Financial Services of Investors Group Inc.
Luke Gould, Senior Vice-President - Finance and CFO, Investors Group Inc. and Mackenzie Inc.
Charles McDevitt, Executive Vice President - Strategy Execution Office
Jeffrey Carney, President, Chief Executive Officer, Director

IGM Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is IGM Financial a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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When running IGM Financial's price analysis, check to measure IGM Financial's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy IGM Financial is operating at the current time. Most of IGM Financial's value examination focuses on studying past and present price action to predict the probability of IGM Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move IGM Financial's price. Additionally, you may evaluate how the addition of IGM Financial to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between IGM Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if IGM Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IGM Financial's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.