Intact Financial Corporation (IFC) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of Intact Financial Corporation stock C$168, price C$282, that is 40.5% below the price, quality 67 out of 100. Rating: strongly overvalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range C$142.79 – C$308.43 · fair‑value band C$125.91 – C$209.84 · the C$282.27 price screens above the C$167.88 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Intact Financial Corporation, through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada, the United States, the United Kingdom, and internationally.
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It offers insurance, such as personal auto that provides coverage from accidents, third-party liability, and physical damage; personal property which provides protection for homes and belongings from risks, including fire, theft, vandalism, water damages, other damages, and personal liability; and commercial line and specialty line insurance, including commercial auto, property, and liability coverages.
The company also provides business insurance.
It serves its products to accident and health, technology, ocean and inland marine, builder's risk, and entertainment, as well as financial professional lines; and various products to specialty property, surety, tuition reimbursement, general liability, and cyber and environmental institutions.
The company offers specialty insurance products, including brokers, direct to consumer, agencies, wholesalers, affinity partners, Intact Prestige, and managing general agent platform.
It offers its products through multiple distribution channels, such as brokers, direct-to-consumer, and managing general agent (MGA) platforms. The company was formerly known as ING Canada Inc. and changed its name to Intact Financial Corporation in 2009.
Intact Financial Corporation was founded in 1809 and is based in Toronto, Canada.
Stock analysis
Intact Financial Corporation (IFC) currently trades at C$282.27, while our model-based Fair Value estimate is C$167.88, 41% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of C$181.83 per share, and 0 of the 6 models we run sit above the C$282.27 price.
Bear case: the Asset-Based group reads lowest at C$42.16, and 6 of the 6 models stay below the price. Data coverage for this calculation is high.
Scenario range: C$125.91 (bear) to C$209.84 (bull), the price of C$282.27 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 67/100 (solid quality), in the Financial Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Intact Financial Corporation reported revenue of C$26.1B in FY2025 versus C$17.6B in FY2021, a compound +10.4%/yr. Reported net income was C$3.4B in FY2025, compounding +13.0%/yr from FY2021.
Key figures
Market cap C$50.0B (≈ $35.6B) Large · P/E ratio 17.3 · P/S ratio 1.88 · EPS (TTM) C$16.29 · Dividend yield 1.9% · Net margin 11.3% · Return on equity 14.4% · Return on assets (EBIT) 4.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 59 out of 100 (medium confidence).
What moves the price
The share trades about 7% below its 52-week high and 18% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −23% fair-value upside, at −41%, IFC screens richer than that median.
Fair Value models
BearC$125.91Fair Value C$167.88BullC$209.84
Price C$282.27 · Downside -40.5%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (C$9.32 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+4.4%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+5.0%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+15.9%
Start year 2020 (pandemic). Over 10 years: +12.4% a year
Revenue growth 22 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+10.3%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+21.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+20.0%
Dividend (yield on the price)1.9%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.20.0% vs 13.4%, picking up
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.11% → 17%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−9.1%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+2.2%
Yearly sales growth analysts expect, extended to five years.
After inflation (Canada: IMF forecast 2.1% a year to 2030, 2.6% from 2016 to 2025) that is about −11.0% a year for the price and +0.1% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (96 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Positive
Recent news coverage is more positive than average.
AI conclusion: Moderate profitability durability appears from reported returns and margins, yet insufficient data leave durable competitive advantages unconfirmed amid catastrophe pressures.
Main risk: Emerging weather patterns could repeatedly test the platform and hit underwriting margins despite prevention programs and pricing adjustments.
Intact reports elevated catastrophe losses from storms and wildfires that have lifted the past twelve months total modestly above its annual guidance. The company pairs this with prevention programs and pricing adjustments in the most affected lines. Will these measures contain the impact more effectively than emerging weather patterns test the platform again?
Compare Intact Financial Corporation with another stock
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Insurance - Property & Casualty · 100 stocks
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Is Intact Financial Corporation (IFC) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of C$167.88 versus a price of C$282.27, about 41% lower (overvalued).
What is the fair value of IFC?
Our model-based fair value for Intact Financial Corporation is C$167.88 (as of Nov 6, 2026), built from audited fundamentals. The current price: C$282.27.
What is the quality score of IFC?
Intact Financial Corporation has a Quality Score of 67/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Intact Financial Corporation (IFC)?
Our model-based price target is the fair value of C$167.88 (as of Nov 6, 2026) from 6 valuation models. Cautious scenario C$125.91, optimistic scenario C$209.84. It is a calculation from audited fundamentals, not an analyst target.
What is the Intact Financial Corporation stock forecast for 2026?
Our models put fair value at C$167.88, about 41% lower versus a price of C$282.27 (overvalued). Cautious scenario C$125.91, optimistic scenario C$209.84. The calculation is refreshed regularly with new filings.
What is the revenue of Intact Financial Corporation (IFC)?
Intact Financial Corporation reported trailing-twelve-month revenue of about C$26.5B (latest available figure, as of Nov 6, 2026).
Does Intact Financial Corporation pay a dividend?
Intact Financial Corporation currently shows a dividend yield of 1.88% relative to its recent price (as of Nov 6, 2026).
What growth is priced into Intact Financial Corporation (IFC)?
For today's price to be fair in a discounted-cash-flow model, Intact Financial Corporation would have to grow free cash flow by -9.1 % per year for five years (discount rate 7.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +15.9 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of IFC use?
Our models discount Intact Financial Corporation at 7.9 %: a base by market capitalisation (large), damped by beta 0.31, country premium for Canada. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Intact Financial Corporation that is -9.1 % per year a year over ten years, using the same discount rate (7.9 %) and the same formula as our fair value.
How much growth has Intact Financial Corporation (IFC) delivered so far?
Over the past 5 years revenue at Intact Financial Corporation grew +15.9 % a year. The price currently implies -9.1 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Intact Financial Corporation (IFC) growing?
The median revenue growth in the sector is +9.4 % a year. That is the yardstick for the growth priced into Intact Financial Corporation (-9.1 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Intact Financial Corporation (IFC)?
The free-cash-flow yield on the price is 7.87 %: that much free cash flow Intact Financial Corporation produces per unit of market value. When it exceeds the discount rate of our models (7.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Intact Financial Corporation (IFC)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Intact Financial Corporation it is C$167.88 per share (as of Nov 6, 2026), against a price of C$282.27. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Intact Financial Corporation stock overvalued or undervalued in 2026?
As of Nov 6, 2026, IFC trades above its calculated fair value: price C$282.27, fair value C$167.88, a gap of about −41% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of IFC?
No. The price is what the market pays today (C$282.27); the fair value is what the company's own numbers justify (C$167.88). For Intact Financial Corporation the two are C$114.39 per share apart. That gap is exactly why we show both numbers side by side.
How much is Intact Financial Corporation worth?
The market values Intact Financial Corporation at about C$50.0B (market capitalisation, as of Nov 6, 2026). Per share that is C$282.27; our models calculate a fair value of C$167.88 per share.
What do the bullish and bearish scenarios say about IFC?
Our models span a range for Intact Financial Corporation: cautious scenario C$125.91, base C$167.88, optimistic C$209.84 per share (as of Nov 6, 2026, price C$282.27). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of IFC?
Intact Financial Corporation trades at a price-to-earnings ratio of 17.3 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of C$167.88 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 19.7. Other multiples: PEG 0.5, P/B 2.4, P/S 1.9, EV/EBITDA 9.7.
What is the PEG ratio of IFC?
The PEG ratio of Intact Financial Corporation is 0.49 (P/E divided by earnings growth, as of Nov 6, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Intact Financial Corporation (IFC)?
Balance-sheet figures for Intact Financial Corporation (as of Nov 6, 2026): return on equity 16.1%, debt of 0.20 per unit of equity. They feed the Quality Score of 67/100, which measures business quality independently of the share price.
How far is IFC from its 52-week high?
Intact Financial Corporation trades at C$282.27, about 7% below its 52-week high of C$303.27 and 18% above the low of C$238.72 (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of C$167.88 is for.
Which stocks are comparable to Intact Financial Corporation?
From the same area (Financial Services) we also value Chubb Limited, The Progressive Corporation, The Travelers Companies, Inc, The Allstate Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Intact Financial Corporation stock attractive at the current price?
The data as of Nov 6, 2026: price C$282.27, calculated fair value C$167.88 (−41%), Quality Score 67/100, from 6 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of IFC calculated?
We run Intact Financial Corporation through 6 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of C$167.88, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.5% above its aggregate fair value. Intact Financial Corporation itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Intact Financial Corporation (IFC)?
The closing price on Nov 5, 2026 was C$282.27. Our model-based fair value is C$167.88, about 41% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Intact Financial Corporation right now?
The price sits above even our optimistic bull case (C$209.84). The favourable scenario is already priced in. Solid but not exceptional quality (67/100) and above fair value, neither a clear bargain nor a standout compounder. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of Intact Financial Corporation (IFC) come from?
Earnings per share at Intact Financial Corporation grew +10.9 % a year from 2014 to 2025. Broken into its drivers: revenue per share +9.4 %, EBIT margin +1.8 %, tax rate −0.4 %, residual (interest, one-offs) +0.0 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Intact Financial Corporation
How large is the market capitalisation of Intact Financial Corporation (IFC)?
The market capitalisation of Intact Financial Corporation is C$50.0B (≈ $35.6B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Intact Financial Corporation (IFC)?
The price-to-sales ratio of Intact Financial Corporation is 1.88 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Intact Financial Corporation (IFC)?
Earnings per share at Intact Financial Corporation are C$16.29 (price ÷ EPS = P/E 17.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Intact Financial Corporation (IFC)?
The dividend yield of Intact Financial Corporation is 1.9% (payout 32.7%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Intact Financial Corporation (IFC)?
The net margin of Intact Financial Corporation is 11.3% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Intact Financial Corporation (IFC)?
The return on equity (ROE) of Intact Financial Corporation is 14.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Intact Financial Corporation (IFC)?
On an EBIT basis the return on assets of Intact Financial Corporation is 4.9% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Intact Financial Corporation (IFC)?
The operating margin of Intact Financial Corporation is 11.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Intact Financial Corporation (IFC)?
Revenue at Intact Financial Corporation is growing −1.7% versus a year earlier (3y avg +5.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Intact Financial Corporation (IFC)?
Earnings per share at Intact Financial Corporation are growing −35.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Intact Financial Corporation (IFC) carry?
The net debt of Intact Financial Corporation is C$4.2B (fiscal year 2025, ≈ 1.1 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 6, 2026