Intact Financial Hasn't Been This Cheap In Years

2026-05-10 10:40:00 ET

Introduction

Intact Financial ( IFC:CA ) ( IFCZF ) has always enjoyed somewhat of a premium valuation thanks to its very consistent financial results. Although the net profit is still increasing year after year, the share price recently came down a bit. While the stock was trading at an earnings multiple of 21 at the end of 2024, it's currently trading at a multiple of 15-16 of this year’s consensus earnings. While that still isn’t cheap, the reliability and consistency of the financial results may make it worth paying the premium. Additionally, the fixed-income securities (in Canadian dollars) may be an interesting opportunity to temporarily park some cash for a few quarters or years....

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