Power Corporation of Canada
Power Corporation of Canada, an international management and holding company, provides financial services in North America, Europe, and Asia. The company operates through Lifeco, IGM Financial, and GBL segments. It offers life, health and dental, disability, critical illness, and creditor insurance…
Power Corporation of Canada, an international management and holding company, provides financial services in North America, Europe, and Asia. The company operates through Lifeco, IGM Financial, and GBL segments. It offers life, health and dental, disability, critical illness, and creditor insurance, as well as reinsurance products; retirement and wealth management solutions, including annuities and segregated funds; and pension and investment products to individuals and small business owners. The company is also involved in wealth and asset management for supporting financial advisors; listed and private investments, and alternative assets and third-party asset management; and fintech investments. Power Corporation of Canada was incorporated in 1925 and is based in Montreal, Canada.Looks undervalued
5-year outlook: Not shown because confidence is low: Earnings-based DCF disagrees strongly.
Why: This holding company owns large listed subsidiaries, so its value is the market value of its stakes in them, less the discount at which holding companies usually trade. It is approximate: unlisted …
Details and the full model are below.
Market price below modeled range
Showing the FCFF (steady state) you selected on the company card, using 4.82% growth, 2.4% terminal growth and 9.6% discount. The range varies these assumptions slightly; it is illustrative, not investment advice.
Assumptions: growth 4.82%, discount rate 9.60%, terminal growth 2.40% (sector defaults). See a worked example.
Blended growth assumption: 4.8% (sector default 5.4%, own revenue history 4.2%).
Adjust assumptions
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Why this model: This holding company owns large listed subsidiaries, so its value is the market value of its stakes in them, less the discount at which holding companies usually trade. It is approximate: unlisted businesses and the holding company's own debt are not included.
Compare models- Recommended: Sum of listed stakes — CAD 99.91 (+9.6%)
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EPS-based Gordon proxy
— CAD 60.28 (-33.9%)
Not used: Treats all earnings as if paid out and ignores the cash kept for reinvestment, so it overstates value for companies that retain most profit.
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DCF (trailing free cash flow)
— CAD 140.66 (+54.2%)
Not used: Cash-flow models do not suit banks and insurers, whose cash flow is mostly funding and deposits.
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FCFF (steady state)
— CAD 128.46 (+40.9%)
Not used: Cash-flow models do not suit banks and insurers, whose cash flow is mostly funding and deposits.
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EV/EBITDA (12x)
— CAD 140.47 (+54.0%)
Not used: Used only when free cash flow is far below earnings even after averaging three years; a fixed 12x multiple also ignores sector differences.
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Fade DCF (10-year growth fade)
— CAD 140.21 (+53.8%)
Not used: Cash-flow models do not suit banks and insurers, whose cash flow is mostly funding and deposits.
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EV/Sales (Rule of 40)
— CAD 276.47 (+203.2%)
Not used: Used only for technology and communication companies whose cash-flow value is far below the price.
| Bear CAD 103.12 | 11.6% |
| Base CAD 128.46 | 29.0% |
| Bull CAD 173.30 | 47.4% |
Margin = (value − price) / value, so it is measured against the value and reads lower than the upside to value, which is measured against the price. Positive means the price is below that case.
Track record: see the methodology page for how this model has performed historically, including its limits. Treat it as a screen, not a forecast.
Price history and fair value
No chartable saved daily price history is available for this range. The chart uses stored EODHD prices only and will appear after history is saved.
More detail: quality, peers, price history, dividends and financials
Quality score: 88 / 100
Five equal checks on reported history: profitability, cash generation, revenue growth, balance sheet and margins. It describes business quality, not whether the price is attractive.
| Profitability | 5 of 5 years profitable | 20 / 20 |
| Cash generation | free cash flow positive in 5 of 5 years | 20 / 20 |
| Balance sheet | net cash | 20 / 20 |
| Margins | EBITDA margin 19% | 10 / 20 |
Peers in Financials
Same-sector companies with a valuation, most undervalued first. Compare the margin of safety, yield and quality score side by side.
| Company | Price | Margin of safety | P/E | P/B | Yield | Quality |
|---|---|---|---|---|---|---|
| POW.TO (this company) | CAD 91.19 | 8.7% | 21.5 | 2.3 | 2.9% | 88 |
| PSH.L Pershing Square Holdings, Ltd. | GBP 38.44 | 68.5% | 3.6 | 0.6 | 1.3% | 76 |
| LRE.L Lancashire Holdings Limited | GBP 6.88 | 45.6% | 7.1 | 1.6 | 3.3% | 76 |
| ACA.PA Credit Agricole S.A. | EUR 15.73 | 36.6% | 6.7 | 0.7 | 7.0% | 78 |
| V Visa Inc. | USD 414.00 | 34.6% | 8.7 | – | 0.2% | 100 |
| PRU.L Prudential plc | GBP 9.24 | 34.2% | 8.0 | 1.6 | 1.9% | 78 |
| AGS.BR ageas SA/NV | EUR 76.95 | 33.0% | 8.1 | 1.5 | 5.0% | 76 |
| NWG.L NatWest Group plc | GBP 5.86 | 30.3% | 8.2 | 1.3 | 5.0% | 88 |
| ACGL Arch Capital Group | USD 108.49 | 30.3% | 8.5 | 1.6 | 0.1% | 100 |
| Peer median | 8.1 | 1.5 | ||||
Dividends
Paid in the last 12 months: CAD 2.62 per share · yield 2.87% at the current price.
| Year | Dividends per share |
|---|---|
| 2026 (so far) | 2.004 |
| 2025 | 2.452 |
| 2024 | 2.252 |
| 2023 | 2.100 |
| 2022 | 1.980 |
| 2021 | 1.839 |
Trailing 12-month financials
TTM through 30 Jun 2026 · quarterly EODHD data · data downloaded 06 Nov 2026 12:42
| Revenue | CAD 34,827,000,000 |
|---|---|
| EBITDA | CAD 6,588,000,000 |
| EBIT | CAD 6,588,000,000 |
| Net income | CAD 2,689,000,000 |
| Free cash flow | CAD 5,023,000,000 |
| Capital expenditures | CAD 597,000,000 |
| Debt | CAD 21,976,000,000 |
| Cash | CAD 32,035,000,000 |
| Working capital | CAD -13,024,000,000 |
| Shares outstanding | 634,400,000 |
| Reported dividends per share | CAD 2.6151 |