Olympia Financial Group Inc.
Posts Record Revenue & EPS / Poised for Another Strong Year
Published: 3/5/2024
Author: Sid Rajeev, B.Tech, CFA, MBA

Sector: Financial Services | Industry: Asset Management
Metrics | Value |
---|---|
Current Price | US $102.6 |
Fair Value | US $125.67 |
Risk | N/A |
52 Week Range | US $65-122 |
Shares O/S (M) | 2.41 |
Market Cap. (M) | US $247 |
Current Yield (%) | 7.0 |
P/E (forward) | 9.9 |
P/B | 7.0 |
Already a subscriber?
Want to know the fair value of the stock?
Subscribe for free to get exclusive insights and data.
Report Highlights
Highlights
OLY is up 13% since our previous report in November 2023. OLY, through its wholly-owned subsidiary Olympia Trust Company, is Canada's premier trustee/custodian/administrator of self-directed registered investment accounts (such as RRSP/TFSA) for alternative assets.
In 2023, revenue was up 38% YoY amid higher interest rates, beating our estimate by 0.2%. EPS was up 69%, beating our estimate by 4.8%. Dividends increased 84% to $5.80/share, exactly in line with our estimate.
In 2023, 64% of revenue came from interest on unallocated client capital in cash accounts at major Canadian banks, up from 40% in 2022.
Despite the recent uptick in inflation, and downt