Olympia Financial Group Inc.
Well-Positioned to Navigate Headwinds from Falling Rates
Published: 8/26/2024
Author: FRC Analysts
Sector: Financial Services | Industry: Asset Management
Ticker Symbols:
OLY.TO - TSX 🔹
Rating and Key Data
| Metrics | Value |
|---|---|
| Current Price | CAD $110.79 |
| Fair Value | CAD $133.7 |
| Risk | 3 |
| Week Range | CAD $65-122 |
| Shares O/S (M) | 2.41 |
| Market Cap. (M) | CAD $267 |
| Current Yield (%) | 6.5 |
| P/E (forward) | 12.5 |
| P/B | 7.0 |
- In Q2-2024, revenue was up 5% YoY amid higher interest rates, and client assets under management, but missed our estimate by 4% as the Bank of Canada started cutting rates slightly earlier than anticipated.
- EPS was down 1% YoY, and 12% lower than our estimate due to lower than expected revenue.
Rating and Key Data
| Metrics | Value |
|---|---|
| Current Price | CAD $110.79 |
| Fair Value | CAD $133.7 |
| Risk | 3 |
| Week Range | CAD $65-122 |
| Shares O/S (M) | 2.41 |
| Market Cap. (M) | CAD $267 |
| Current Yield (%) | 6.5 |
| P/E (forward) | 12.5 |
| P/B | 7.0 |
