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Intact Financial Corporation (IFC) Fair Value & Analysis

Financial Services · CA · Market cap C$52.0B

IF Intact Financial Corporation IFC · TO
PriceC$280.00
Fair ValueC$247.44
Upside-11.6%
Quality66/100
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Healthy Growth
Solidly profitable · 13.1% net margin
Low debt · generates free cash flow
1.86% dividend yield
Mixed vs. peers (7/15)
Moderate moat 62/100
Evidence: High Range C$185.58 – C$309.30 Share as image

Fair value as of: Jul 18, 2026

From 26 valuation models · updated 20 days ago

Share price −7.5% over the past month.

A solid business, but screening 12% overvalued on our models.

What matters now

  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
  • Our model range runs from C$185.58 (bear) to C$309.30 (bull), base C$247.44. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 66/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

C$310.18 C$141.59 Fair Value C$247.44 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range C$141.59 – C$310.18 · fair‑value band C$185.58 – C$309.30 · the C$280.00 price screens above the C$247.44 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

Intact Financial Corporation (IFC) currently trades at C$280.00, while our model-based Fair Value estimate is C$247.44, implying the stock looks roughly 11.6% overvalued today. We read business quality at 66/100 (solid quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Intact Financial Corporation generated revenue of C$26.4B at a net margin of 13.1%. Revenue grew 4.5% year over year. It earns a return on equity of 17.2%. Net debt stands at C$4.2B. Fundamentals as of Jul 18, 2026

Our scenario range runs from C$185.58 (bear case) to C$309.30 (bull case); at C$280.00, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 10% below its 52-week high and 15% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 8% fair-value upside, at -12%, IFC screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF C$256.80 C$442.88 C$747.59 80
Residual Income C$125.90 C$165.53 C$497.38 76
Rev-Margin DCF C$217.76 C$374.16 C$568.62 74
All 26 models by family
DCF Models
FCF DCF C$256.38 C$452.31 C$777.83 38
Owner Earnings C$240.63 C$425.30 C$732.11 31
5Y Revenue Exit C$217.76 C$376.15 C$585.47 39
5Y EBITDA Exit C$244.56 C$429.54 C$654.77 41
5Y P/E Exit C$247.01 C$434.42 C$641.86 38
10Y Revenue Exit C$221.39 C$373.93 C$595.48 36
10Y EBITDA Exit C$246.20 C$412.30 C$651.62 37
10Y P/E Exit C$247.80 C$415.81 C$641.15 35
Earnings-Based
Graham-Dodd C$129.43 C$529.67 C$721.25 54
Lynch FV C$132.97 C$189.96 C$246.95 50
PEG = 1.0 C$132.97 C$189.96 C$246.95 46
EPV C$163.75 C$193.96 C$220.40 59
Dividend Discount
Gordon GGM C$53.86 C$111.98 C$177.65 70
DDM Multi-Stage C$53.86 C$94.43 C$117.53 61
Multiples
P/E Multiple C$285.51 C$380.68 C$475.85 63
P/S Multiple C$242.68 C$323.58 C$404.47 58
P/B Multiple C$242.68 C$323.58 C$404.47 55
EV/EBIT C$311.36 C$420.99 C$530.62 53
EV/EBITDA C$263.96 C$357.79 C$451.62 54
EV/Revenue C$204.17 C$299.18 C$394.20 43
Asset-Based
NCAV (Graham) C$58.93 C$78.96 C$117.86 50
Growth DCF
Growth DCF C$256.80 C$442.88 C$747.59 80
Rev-Margin DCF C$217.76 C$374.16 C$568.62 74
Economic Profit
Residual Income C$125.90 C$165.53 C$497.38 76
ROIC Compounder C$179.71 C$246.63 C$336.86 72
Growth Earnings
Growth-Adj P/E C$223.61 C$319.44 C$415.27 68

Widest divergence: DCF Models (C$415.81) versus Asset-Based (C$78.96). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) C$26.4B
Revenue growth (YoY) +4.5%
Net margin 13.1%
Return on equity 17.2%
Free cash flow C$3.9B FY2025
P/E ratio 15.7
More key figures
Operating margin 17.3%
EPS (TTM) C$18.77
Dividend yield 1.9%
EPS growth (YoY) +11.7%
Net debt C$4.2B FY2025

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 66/100

Of which business quality 63 · Market factors (momentum, volatility) 63

Profitability 40
Margins and returns on capital today
Quality Growth 69
Are margins and returns improving?
Cashflow 69
Earnings quality: real cash, not paper profit
Fin. Strength 59
Balance sheet, leverage, solvency risk
Investment 75
Disciplined investing over empire-building
Low Volatility 93
Calm price path (market factor)
Momentum 51
Price trend over the last 3–12 months (market factor)
52W Momentum 48
Distance to the 52-week high (market factor)
Net Issuance 79
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

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.

Full company description

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. 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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

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.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
C$26.1B
Latest YoY
+4.4%
Avg. growth/yr (3Y)
+5.0%
Avg. growth/yr (5Y)
+15.9%
Avg. growth/yr (22Y)
+10.3%
Revenue +10.4%/yr
FY21 C$17.6B
FY22 C$22.5B
FY23 C$23.3B
FY24 C$25.0B
FY25 C$26.1B
Net income +13.0%/yr
FY21 C$2.1B
FY22 C$2.5B
FY23 C$1.3B
FY24 C$2.3B
FY25 C$3.4B

IFC screens 12% overvalued. Compare with The Progressive Corporation →

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Cite: Fair Value Calculator (2026). "Intact Financial Corporation Fair Value". https://www.fairvalue-calculator.com/stock/IFC

Recent news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Insurance - Property & Casualty · 120 stocks

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.

Quality Score 66 · Above median
Fair Value upside −12% · Below median
Return on equity (TTM) 17% · Above median
Return on assets 5% · Top 25%
Net margin (TTM) 13% · Top 25%
Operating margin (TTM) 17% · Above median
Revenue growth 5% · Below median
Dividend yield (TTM) 1.9% · Below median
Debt / equity 0.20× · Higher than median

Valuation Multiples vs Insurance - Property & Casualty median · lower = cheaper

P/E (TTM) 15.7× · Pricier than median
P/B 1.79× · Pricier than median
P/S (TTM) 1.42× · Pricier than median
P/FCF 9.5× · Pricier than 75% of peers
EV/EBITDA 6.9× · Cheaper than median
PEG 0.49× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 18 · sector 41
FUTURE 23 · sector 31
PAST 69 · sector 56
HEALTH 90 · sector 92
DIVIDEND 37 · sector 48

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Insurance - Property & Casualty stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
The Progressive Corporation PGR $234.48 $252.50 +8%
Chubb Limited CB $337.44 $345.56 +2%
The Travelers Companies, Inc TRV $368.98 $384.42 +4%
The Allstate Corporation ALL $251.61 $503.22 +100%
The People's Insurance Company 601319 ¥7.06 ¥13.71 +94%
Fairfax Financial Holdings FFH C$2,327 C$3,252 +40%
QBE Insurance Group QBE A$25.47 A$19.42 -24%
Samsung Fire & Marine Insurance Co 000810 648,000 KRW 658,771 KRW +2%
Powszechny Zaklad Ubezpieczen SA PZU 69.80 PLN 100.85 PLN +44%
Gjensidige Forsikring ASA GJF kr 277.00 kr 170.47 -38%

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Frequently asked questions

Is Intact Financial Corporation (IFC) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of C$247.44 versus a price of C$280.00, about −12% (overvalued).
What is the fair value of IFC?
Our model-based fair value for Intact Financial Corporation is C$247.44 (as of Jul 18, 2026), built from audited fundamentals. The current price is C$280.00.
What is the quality score of IFC?
Intact Financial Corporation has a Quality Score of 66/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of Intact Financial Corporation (IFC)?
Intact Financial Corporation reported trailing-twelve-month revenue of about C$26.4B (latest available figure, as of Jul 18, 2026).
What is the net profit margin of IFC?
The net profit margin of Intact Financial Corporation is about 13.1%, meaning it keeps roughly 13.1% of revenue as net income. Based on the latest reported figures.
Does Intact Financial Corporation pay a dividend?
Intact Financial Corporation currently shows a dividend yield of about 2.01% relative to its recent price (as of Jul 18, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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