X vs. IGM, IAG, ONEX, DFY, ELF, EQB, GSY, CWB, CIX, and BAM
Should you be buying TMX Group stock or one of its competitors? The main competitors of TMX Group include IGM Financial (IGM), iA Financial (IAG), Onex (ONEX), Definity Financial (DFY), E-L Financial (ELF), EQB (EQB), goeasy (GSY), Canadian Western Bank (CWB), CI Financial (CIX), and Brookfield Asset Management (BAM). These companies are all part of the "financial services" sector.
TMX Group (TSE:X) and IGM Financial (TSE:IGM) are both financial services companies, but which is the superior investment? We will compare the two businesses based on the strength of their profitability, risk, earnings, analyst recommendations, valuation, dividends, community ranking, media sentiment and institutional ownership.
IGM Financial received 20 more outperform votes than TMX Group when rated by MarketBeat users. Likewise, 45.12% of users gave IGM Financial an outperform vote while only 44.68% of users gave TMX Group an outperform vote.
In the previous week, TMX Group had 1 more articles in the media than IGM Financial. MarketBeat recorded 2 mentions for TMX Group and 1 mentions for IGM Financial. IGM Financial's average media sentiment score of 0.67 beat TMX Group's score of 0.16 indicating that IGM Financial is being referred to more favorably in the news media.
TMX Group has a beta of 0.39, meaning that its share price is 61% less volatile than the S&P 500. Comparatively, IGM Financial has a beta of 1.55, meaning that its share price is 55% more volatile than the S&P 500.
55.3% of TMX Group shares are owned by institutional investors. Comparatively, 8.1% of IGM Financial shares are owned by institutional investors. 1.2% of TMX Group shares are owned by company insiders. Comparatively, 59.2% of IGM Financial shares are owned by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company will outperform the market over the long term.
IGM Financial has higher revenue and earnings than TMX Group. IGM Financial is trading at a lower price-to-earnings ratio than TMX Group, indicating that it is currently the more affordable of the two stocks.
TMX Group presently has a consensus price target of C$39.88, indicating a potential upside of 8.65%. IGM Financial has a consensus price target of C$44.00, indicating a potential upside of 19.08%. Given IGM Financial's stronger consensus rating and higher possible upside, analysts clearly believe IGM Financial is more favorable than TMX Group.
IGM Financial has a net margin of 27.67% compared to TMX Group's net margin of 13.67%. IGM Financial's return on equity of 11.63% beat TMX Group's return on equity.
TMX Group pays an annual dividend of C$0.73 per share and has a dividend yield of 2.0%. IGM Financial pays an annual dividend of C$2.25 per share and has a dividend yield of 6.1%. TMX Group pays out 50.0% of its earnings in the form of a dividend. IGM Financial pays out 69.7% 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.
Summary
IGM Financial beats TMX Group on 15 of the 20 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding X 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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