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Olympia Financial Group

TSX:OLY
Snowflake Description

Adequate balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
OLY
TSX
CA$102M
Market Cap
  1. Home
  2. CA
  3. Diversified Financials
Company description

Olympia Financial Group Inc., through its subsidiary Olympia Trust Company, operates as a non-deposit taking trust corporation in Canada. The last earnings update was 31 days ago. More info.


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OLY Share Price and Events
7 Day Returns
14.6%
TSX:OLY
2.8%
CA Capital Markets
7.1%
CA Market
1 Year Returns
-15.3%
TSX:OLY
-18.5%
CA Capital Markets
-25.3%
CA Market
OLY Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Olympia Financial Group (OLY) 14.6% -21.8% -15% -15.3% 49.1% 41.7%
CA Capital Markets 2.8% -24.6% -26.7% -18.5% -19.3% -20.5%
CA Market 7.1% -24.1% -26.7% -25.3% -23.4% -17.5%
1 Year Return vs Industry and Market
  • OLY outperformed the Capital Markets industry which returned -18.5% over the past year.
  • OLY outperformed the Market in Canada which returned -25.3% over the past year.
Price Volatility
OLY
Industry
5yr Volatility vs Market

OLY Value

 Is Olympia Financial Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Olympia Financial Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Olympia Financial Group.

TSX:OLY Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= CA$5.48 * 67.9%
CA$3.72
Book Value of Equity per Share Median Book Value from the past 5 years. CA$5.48
Discount Rate (Cost of Equity) See below 6.2%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for TSX:OLY
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.4%
Equity Risk Premium S&P Global 5.4%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.75
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.754 (1 + (1- 26.5%) (8.41%))
0.867
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.87
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.44% + (0.867 * 5.44%)
6.15%

Discounted Cash Flow Calculation for TSX:OLY using Excess Returns Model Model

The calculations below outline how an intrinsic value for Olympia Financial Group is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

TSX:OLY Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (67.9% – 6.15%) * CA$5.48)
CA$3.38
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= CA$3.38 / (6.15% - 1.44%)
CA$71.75
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= CA$5.48 + CA$71.75
CA$77.23
TSX:OLY Discount to Share Price
Calculation Result
Value per share (CAD) From above. CA$77.23
Current discount Discount to share price of CA$42.50
= -1 x (CA$42.50 - CA$77.23) / CA$77.23
45%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Olympia Financial Group is available for.
Intrinsic value
45%
Share price is CA$42.5 vs Future cash flow value of CA$77.23
Current Discount Checks
For Olympia Financial Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Olympia Financial Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Olympia Financial Group's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Olympia Financial Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Olympia Financial Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:OLY PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in CAD CA$3.92
TSX:OLY Share Price ** TSX (2020-03-25) in CAD CA$42.5
Canada Capital Markets Industry PE Ratio Median Figure of 15 Publicly-Listed Capital Markets Companies 7.45x
Canada Market PE Ratio Median Figure of 497 Publicly-Listed Companies 10.58x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Olympia Financial Group.

TSX:OLY PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:OLY Share Price ÷ EPS (both in CAD)

= 42.5 ÷ 3.92

10.85x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Olympia Financial Group is overvalued based on earnings compared to the CA Capital Markets industry average.
  • Olympia Financial Group is overvalued based on earnings compared to the Canada market.
Price based on expected Growth
Does Olympia Financial Group's expected growth come at a high price?
Raw Data
TSX:OLY PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.85x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
North America Capital Markets Industry PEG Ratio Median Figure of 39 Publicly-Listed Capital Markets Companies 1.84x
Canada Market PEG Ratio Median Figure of 234 Publicly-Listed Companies 0.69x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Olympia Financial Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Olympia Financial Group's assets?
Raw Data
TSX:OLY PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in CAD CA$7.54
TSX:OLY Share Price * TSX (2020-03-25) in CAD CA$42.5
Canada Capital Markets Industry PB Ratio Median Figure of 157 Publicly-Listed Capital Markets Companies 0.82x
Canada Market PB Ratio Median Figure of 2,351 Publicly-Listed Companies 1x
TSX:OLY PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:OLY Share Price ÷ Book Value per Share (both in CAD)

= 42.5 ÷ 7.54

5.64x

* Primary Listing of Olympia Financial Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Olympia Financial Group is overvalued based on assets compared to the CA Capital Markets industry average.
X
Value checks
We assess Olympia Financial Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Olympia Financial Group has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

OLY Future Performance

 How is Olympia Financial Group expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Olympia Financial Group has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
5.8%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Olympia Financial Group expected to grow at an attractive rate?
  • Unable to compare Olympia Financial Group's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Olympia Financial Group's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Olympia Financial Group's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSX:OLY Future Growth Rates Data Sources
Data Point Source Value (per year)
North America Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 5.8%
North America Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 2.7%
Canada Market Earnings Growth Rate Market Cap Weighted Average 7.8%
Canada Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSX:OLY Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:OLY Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
TSX:OLY Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-12-31 49 9 9
2019-09-30 49 11 10
2019-06-30 50 9 10
2019-03-31 50 8 10
2018-12-31 50 11 10
2018-09-30 49 8 9
2018-06-30 46 9 9
2018-03-31 43 9 8
2017-12-31 42 9 7
2017-09-30 40 8 7
2017-06-30 41 7 6
2017-03-31 41 6 6

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Olympia Financial Group is high growth as no earnings estimate data is available.
  • Unable to determine if Olympia Financial Group is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSX:OLY Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Olympia Financial Group Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:OLY Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
TSX:OLY Past Financials Data
Date (Data in CAD Millions) EPS *
2019-12-31 3.92
2019-09-30 4.15
2019-06-30 4.11
2019-03-31 4.29
2018-12-31 4.14
2018-09-30 3.94
2018-06-30 3.73
2018-03-31 3.39
2017-12-31 2.95
2017-09-30 2.71
2017-06-30 2.59
2017-03-31 2.33

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Olympia Financial Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Check out Olympia Financial Group's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.
  2. Olympia Financial Group's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Diversified Financials companies here
  3. Olympia Financial Group's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Olympia Financial Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the North America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the North America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Olympia Financial Group has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

OLY Past Performance

  How has Olympia Financial Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Olympia Financial Group's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Olympia Financial Group has delivered over 20% year on year earnings growth in the past 5 years.
  • Olympia Financial Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Olympia Financial Group's 1-year earnings growth is negative, it can't be compared to the CA Capital Markets industry average.
Earnings and Revenue History
Olympia Financial Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Olympia Financial Group Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:OLY Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 49.08 9.43 34.60
2019-09-30 49.01 9.99 33.50
2019-06-30 49.72 9.90 32.82
2019-03-31 50.27 10.32 32.68
2018-12-31 50.03 9.97 31.15
2018-09-30 48.68 9.48 30.52
2018-06-30 46.24 8.97 29.65
2018-03-31 42.70 8.17 28.16
2017-12-31 41.54 7.11 28.05
2017-09-30 40.34 6.51 27.58
2017-06-30 40.75 6.24 27.72
2017-03-31 41.40 5.61 28.38
2016-12-31 41.29 5.59 28.24
2016-09-30 41.11 5.07 28.95
2016-06-30 41.41 4.81 28.87
2016-03-31 41.70 4.54 28.84
2015-12-31 40.86 4.42 28.50
2015-09-30 40.10 3.41 28.33
2015-06-30 38.40 3.39 27.46
2015-03-31 37.04 3.54 26.30
2014-12-31 36.83 3.83 25.62
2014-09-30 36.56 4.98 24.32
2014-06-30 36.28 5.17 23.87
2014-03-31 35.73 5.29 23.37
2013-12-31 35.28 5.28 22.90
2013-09-30 25.41 4.08 15.54
2013-06-30 26.12 4.25 16.83
2013-03-31 26.41 4.42 18.09

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Olympia Financial Group made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).
  • Olympia Financial Group used its assets more efficiently than the CA Capital Markets industry average last year based on Return on Assets.
  • Olympia Financial Group has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Olympia Financial Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Olympia Financial Group has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

OLY Health

 How is Olympia Financial Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Olympia Financial Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Olympia Financial Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Olympia Financial Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Olympia Financial Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 3.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Olympia Financial Group Company Filings, last reported 2 months ago.

TSX:OLY Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 17.93 6.66 13.75
2019-09-30 17.59 8.91 16.91
2019-06-30 16.96 9.31 17.87
2019-03-31 16.32 8.20 19.28
2018-12-31 15.08 4.21 12.83
2018-09-30 13.90 5.06 16.05
2018-06-30 13.12 6.76 19.52
2018-03-31 11.90 5.31 19.81
2017-12-31 10.98 4.81 10.14
2017-09-30 10.41 3.96 11.74
2017-06-30 10.19 3.97 12.40
2017-03-31 9.96 3.97 15.32
2016-12-31 10.65 3.94 5.35
2016-09-30 10.32 3.95 8.23
2016-06-30 10.08 3.95 10.41
2016-03-31 9.98 4.00 14.76
2015-12-31 8.66 4.00 8.83
2015-09-30 10.90 0.00 7.39
2015-06-30 13.08 0.00 11.57
2015-03-31 14.00 0.00 16.22
2014-12-31 14.44 0.00 11.04
2014-09-30 16.05 0.00 12.05
2014-06-30 16.52 0.00 14.66
2014-03-31 16.78 0.00 22.99
2013-12-31 16.94 0.00 20.45
2013-09-30 11.88 0.00 9.03
2013-06-30 12.02 0.00 10.23
2013-03-31 12.11 0.00 12.74
  • Olympia Financial Group's level of debt (37.1%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Olympia Financial Group's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (130.9%, greater than 20% of total debt).
  • Unable to confirm if the interest payments on Olympia Financial Group's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Olympia Financial Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Olympia Financial Group has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

OLY Dividends

 What is Olympia Financial Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
6.49%
Current annual income from Olympia Financial Group dividends.
If you bought CA$2,000 of Olympia Financial Group shares you are expected to receive CA$130 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Olympia Financial Group's pays a higher dividend yield than the bottom 25% of dividend payers in Canada (2.75%).
  • Olympia Financial Group's dividend is below the markets top 25% of dividend payers in Canada (8.79%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSX:OLY Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Canada Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 6.1%
Canada Market Average Dividend Yield Market Cap Weighted Average of 325 Stocks 4.9%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.3%
Canada Bottom 25% Dividend Yield 25th Percentile 2.7%
Canada Top 25% Dividend Yield 75th Percentile 8.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

TSX:OLY Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
TSX:OLY Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2020-03-04 2.760 6.543
2020-02-04 2.760 5.091
2020-01-10 2.760 5.337
2019-12-04 2.760 5.865
2019-11-04 2.760 6.197
2019-10-08 2.760 6.065
2019-09-06 2.760 6.266
2019-08-07 2.760 6.459
2019-07-05 2.760 5.378
2019-06-06 2.760 5.203
2019-05-06 2.760 5.231
2019-04-05 2.760 5.266
2019-03-05 2.760 5.701
2019-02-07 2.400 5.778
2019-01-07 2.400 5.711
2018-12-04 2.400 5.948
2018-11-06 2.400 5.146
2018-10-03 2.400 5.155
2018-09-07 2.400 5.113
2018-08-03 2.400 5.703
2018-07-05 2.400 5.732
2018-05-11 2.400 5.938
2018-05-07 2.040 6.110
2018-04-05 2.040 6.284
2018-03-06 2.040 6.055
2018-02-06 2.040 6.332
2018-01-04 2.040 6.423
2017-12-05 2.040 6.406
2017-11-07 2.040 5.946
2017-10-10 2.040 5.989
2017-09-07 2.040 6.063
2017-08-08 2.040 6.224
2017-07-11 2.040 6.016
2017-06-06 2.040 6.603
2017-05-08 2.040 6.854
2017-04-07 2.040 6.966
2017-03-06 2.040 6.992
2017-02-07 2.040 6.952
2017-01-09 2.000 7.137
2016-10-07 2.000 8.703
2016-07-07 2.000 8.891
2016-04-06 2.000 9.996
2015-12-21 2.600 12.154
2015-10-08 2.600 11.198
2015-07-08 2.600 10.448
2015-04-09 2.600 9.529
2015-01-07 2.600 8.240
2014-10-07 2.600 7.688
2014-07-08 2.600 7.122
2014-04-14 2.600 6.614
2013-12-12 2.600 6.321
2013-10-07 2.800 6.075
2013-07-08 2.800 6.810
2013-04-10 2.800 6.972
2013-01-07 2.800 6.983
2012-10-09 2.800 7.096
2012-07-10 2.800 7.184
2012-04-10 2.800 6.971
2011-11-17 2.800 7.022
2011-10-07 2.600 6.754
2011-07-07 2.600 6.433
2011-04-07 2.600 6.357
2010-11-19 2.600 6.240
2010-10-06 2.000 5.854
2010-07-06 2.000 6.016
2010-04-15 2.000 5.937
2009-11-19 2.000 6.723
2009-10-07 1.800 6.124
2009-07-08 1.800 6.072
2009-04-09 1.800 5.808

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Olympia Financial Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.5x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Olympia Financial Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Olympia Financial Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Olympia Financial Group has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

OLY Management

 What is the CEO of Olympia Financial Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Rick Skauge
COMPENSATION CA$3,632,671
AGE 69
TENURE AS CEO 24.2 years
CEO Bio

Mr. Richard K. Skauge, also known as Rick, serves as the Chief Executive Officer at Eyelogic Systems, Inc. Mr. Skauge served as the Chief Executive Officer, Founder, and Director of CBi2 Capital Corp. He was the Director of the firm since 1993. He has been the President and Chairman of Olympia Financial Group Inc. since 1996 and serves as its Chief Executive Officer. He was the Chief Executive Officer and Interim President at CBi2 Capital Corp. since September 2008 and June 19, 2017 respectively. He served as the President of the CBi2 Capital Corp. He is the Founder of Olympia Trust Company Inc. and served as its Chairman of the Board, Chief Executive Officer and President until May 11, 2017. He served as the Chief Executive Officer of Olympia Financial Group Inc. from 1996 to May 23, 2017. Previously, he served as the President at Eyelogic Systems, Inc. In 1985 he started Target Financial Group Inc. In the early 1980s, he began selling mutual funds. He began his career as a Life Insurance Agent. He serves as Chairman at Eyelogic Systems, Inc. Mr. Skauge has been a Non-Independent Director of Eyelogic Systems, Inc. since 1994 and Olympia Financial Group Inc. since 1996. He served as a Director of Pantera Enterprises, Inc. Mr. Skauge holds Bachelor of Arts degree majoring in Economics.

CEO Compensation
  • Rick's compensation has increased by more than 20% in the past year whilst earnings fell less than 20%.
  • Rick's remuneration is higher than average for companies of similar size in Canada.
Management Team Tenure

Average tenure of the Olympia Financial Group management team in years:

9.3
Average Tenure
  • The average tenure for the Olympia Financial Group management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Rick Skauge

TITLE
Chairman
COMPENSATION
CA$4M
AGE
69
TENURE
24.2 yrs

Gerhard Barnard

TITLE
VP of Financial Services & CFO
COMPENSATION
CA$525K
TENURE
12.3 yrs

Craig Skauge

TITLE
Executive VP & Non-Independent Director
COMPENSATION
CA$2M
AGE
38
TENURE
6.3 yrs

Jonathan Bahnuik

TITLE
General Counsel & Corporate Secretary

Robin Fry

TITLE
Chief Executive Officer of Olympia Benefits Inc
COMPENSATION
CA$362K

Ken Fry

TITLE
President of Olympia Benefits Inc
TENURE
2 yrs

Shameer Abdool

TITLE
Controller
Board of Directors Tenure

Average tenure and age of the Olympia Financial Group board of directors in years:

7.5
Average Tenure
56.5
Average Age
  • The tenure for the Olympia Financial Group board of directors is about average.
Board of Directors

Craig Skauge

TITLE
Executive VP & Non-Independent Director
COMPENSATION
CA$2M
AGE
38
TENURE
12.2 yrs

Brian Newman

TITLE
Independent Director
COMPENSATION
CA$77K
AGE
68
TENURE
16.2 yrs

Rick Skauge

TITLE
Chairman
COMPENSATION
CA$4M
AGE
69
TENURE
24.2 yrs

Gerard Janssen

TITLE
Independent Director
COMPENSATION
CA$58K
AGE
54
TENURE
10.2 yrs

Brenda Eprile

TITLE
Director
AGE
65
TENURE
0.1 yrs

Tony Lanzl

TITLE
Independent Director
AGE
59
TENURE
4.8 yrs

Diana Wolfe

TITLE
Independent Director
COMPENSATION
CA$56K
AGE
44
TENURE
3 yrs

Antony Balasubramanian

TITLE
Independent Director
AGE
50
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Olympia Financial Group individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
19. Mar 20 Buy Richard Skauge Individual 18. Mar 20 19. Mar 20 85 CA$36.91 CA$2,993
18. Mar 20 Buy Tarman Inc. Company 18. Mar 20 18. Mar 20 1,000 CA$37.00 CA$37,000
17. Mar 20 Buy Tarman Inc. Company 17. Mar 20 17. Mar 20 500 CA$39.90 CA$19,950
17. Mar 20 Buy Richard Skauge Individual 17. Mar 20 17. Mar 20 27 CA$39.00 CA$1,053
17. Mar 20 Buy Anthony Lanzl Individual 16. Mar 20 17. Mar 20 100 CA$40.24 CA$4,007
11. Mar 20 Buy Richard Skauge Individual 11. Mar 20 11. Mar 20 500 CA$46.44 CA$23,219
03. Feb 20 Buy Richard Skauge Individual 03. Feb 20 03. Feb 20 55 CA$52.90 CA$2,909
14. Jan 20 Buy Richard Skauge Individual 13. Jan 20 13. Jan 20 113 CA$49.85 CA$5,633
14. Nov 19 Buy Bijan's Western Flooring Ltd. Company 14. Nov 19 14. Nov 19 110 CA$45.13 CA$4,964
23. Oct 19 Buy Richard Skauge Individual 22. Oct 19 22. Oct 19 23 CA$46.33 CA$1,066
09. Sep 19 Buy Diana Wolfe Individual 17. May 19 17. May 19 200 CA$55.00 CA$11,000
06. Sep 19 Buy Richard Skauge Individual 05. Sep 19 06. Sep 19 47 CA$41.00 CA$1,906
03. Sep 19 Buy Richard Skauge Individual 03. Sep 19 03. Sep 19 22 CA$40.27 CA$886
01. Sep 19 Buy Richard Skauge Individual 30. Aug 19 30. Aug 19 24 CA$41.00 CA$984
27. Aug 19 Buy Richard Skauge Individual 27. Aug 19 27. Aug 19 74 CA$40.51 CA$2,998
15. Aug 19 Buy Richard Skauge Individual 15. Aug 19 15. Aug 19 175 CA$43.00 CA$7,525
05. Jul 19 Buy Brian Newman Individual 05. Jul 19 05. Jul 19 925 CA$53.50 CA$49,257
04. Jun 19 Buy Richard Skauge Individual 03. Jun 19 03. Jun 19 20 CA$49.00 CA$980
29. May 19 Buy Richard Skauge Individual 29. May 19 29. May 19 5 CA$51.30 CA$256
14. May 19 Buy Ryan McKenna Individual 13. May 19 13. May 19 360 CA$55.88 CA$20,117
07. May 19 Buy Richard Skauge Individual 03. May 19 03. May 19 58 CA$55.00 CA$3,190
06. Apr 19 Buy Brenda Eprile Individual 05. Apr 19 05. Apr 19 100 CA$49.99 CA$4,999
02. Apr 19 Buy Bijan's Western Flooring Ltd. Company 02. Apr 19 02. Apr 19 100 CA$50.24 CA$5,024
02. Apr 19 Buy Anthony Lanzl Individual 02. Apr 19 02. Apr 19 40 CA$50.25 CA$2,010
X
Management checks
We assess Olympia Financial Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Olympia Financial Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

OLY News

Simply Wall St News

Here's Why We Think Olympia Financial Group (TSE:OLY) Is Well Worth Watching

But as Peter Lynch said in One Up On Wall Street, 'Long shots almost never pay off.' In contrast to all that, I prefer to spend time on companies like Olympia Financial Group (TSE:OLY), which has not only revenues, but also profits. … View our latest analysis for Olympia Financial Group How Fast Is Olympia Financial Group Growing? … Of course, just because Olympia Financial Group is growing does not mean it is undervalued.

Simply Wall St -

Olympia Financial Group Inc. (TSE:OLY) Has Attractive Fundamentals

Olympia Financial Group Inc. … If you're interested in understanding beyond my broad commentary, take a look at the report on Olympia Financial Group here. … TSX:OLY Historical Dividend Yield, August 13th 2019 Next Steps: For Olympia Financial Group, I've put together three fundamental aspects you should look at: Future Outlook: What are well-informed industry analysts predicting for OLY’s future growth?

Simply Wall St -

Olympia Financial Group Inc. (TSE:OLY) Looks Interesting, And It's About To Pay A Dividend

Companies with consistently growing earnings per share generally make the best dividend stocks, as they usually find it easier to grow dividends per share. … Fortunately for readers, Olympia Financial Group's earnings per share have been growing at 15% a year for the past five years. … Earnings per share are growing nicely, and Olympia Financial Group is paying out a percentage of its earnings that is around the average for dividend-paying stocks.

Simply Wall St -

Announcing: Olympia Financial Group (TSE:OLY) Stock Increased An Energizing 138% In The Last Three Years

During three years of share price growth, Olympia Financial Group achieved compound earnings per share growth of 32% per year. … So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. … As it happens, Olympia Financial Group's TSR for the last 3 years was 192%, which exceeds the share price return mentioned earlier.

Simply Wall St -

Is Olympia Financial Group Inc. (TSE:OLY) An Attractive Dividend Stock?

Dividend paying stocks like Olympia Financial Group Inc. … (TSE:OLY) tend to be popular with investors, and for good reason - some research suggests a significant amount of all stock market returns come from reinvested dividends. Unfortunately, it's common for investors to be enticed in by the seemingly attractive yield, and lose money when the company has to cut its dividend payments. With Olympia Financial Group yielding 5.2% and having paid a dividend for over 10 years, many investors likely find the company quite interesting. It would not be a surprise to discover that many investors buy it for the dividends. Some simple analysis can reduce the risk of holding Olympia Financial Group for its dividend, and we'll focus on the most important aspects below. Click the interactive chart for our full dividend analysis TSX:OLY Historical Dividend Yield, June 24th 2019 Payout ratios Dividends are typically paid from company earnings. If a company pays more in dividends than it earned, then the dividend might become unsustainable - hardly an ideal situation. Comparing dividend payments to a company's net profit after tax is a simple way of reality-checking whether a dividend is sustainable. Looking at the data, we can see that 55% of Olympia Financial Group's profits were paid out as dividends in the last 12 months. This is a healthy payout ratio, and while it does limit the amount of earnings that can be reinvested in the business, there is also some room to lift the payout ratio over time. Remember, you can always get a snapshot of Olympia Financial Group's latest financial position, by checking our visualisation of its financial health. Dividend Volatility One of the major risks of relying on dividend income, is the potential for a company to struggle financially and cut its dividend. Not only is your income cut, but the value of your investment declines as well - nasty. For the purpose of this article, we only scrutinise the last decade of Olympia Financial Group's dividend payments. This dividend has been unstable, which we define as having fallen by at least 20% one or more times over this time. During the past ten-year period, the first annual payment was CA$1.80 in 2009, compared to CA$2.76 last year. Dividends per share have grown at approximately 4.4% per year over this time. The growth in dividends has not been linear, but the CAGR is a decent approximation of the rate of change over this time frame. Modest growth in the dividend is good to see, but we think this is offset by historical cuts to the payments. It is hard to live on a dividend income if the company's earnings are not consistent. Dividend Growth Potential Given that the dividend has been cut in the past, we need to check if earnings are growing and if that might lead to stronger dividends in the future. It's good to see Olympia Financial Group has been growing its earnings per share at 15% a year over the past 5 years. Earnings per share have been growing rapidly, but given that it is paying out more than half of its earnings as dividends, we wonder how Olympia Financial Group will keep funding its growth projects in the future. Conclusion Dividend investors should always want to know if a) a company's dividends are affordable, b) if there is a track record of consistent payments, and c) if the dividend is capable of growing. … While we're not hugely bearish on it, overall we think there are potentially better dividend stocks than Olympia Financial Group out there.

Simply Wall St -

What Does Olympia Financial Group Inc.'s (TSE:OLY) P/E Ratio Tell You?

Check out our latest analysis for Olympia Financial Group How Do I Calculate A Price To Earnings Ratio? … The formula for P/E is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for Olympia Financial Group: P/E of 12.47 = CA$53.5 ÷ CA$4.29 (Based on the year to March 2019.) Is A High Price-to-Earnings Ratio Good? … How Does Olympia Financial Group's P/E Ratio Compare To Its Peers?

Simply Wall St -

What Kind Of Shareholder Owns Most Olympia Financial Group Inc. (TSE:OLY) Stock?

See our latest analysis for Olympia Financial Group TSX:OLY Ownership Summary, June 3rd 2019 What Does The Lack Of Institutional Ownership Tell Us About Olympia Financial Group? … Insider Ownership Of Olympia Financial Group The definition of an insider can differ slightly between different countries, but members of the board of directors always count. … General Public Ownership The general public -- mostly retail investors -- own 65% of Olympia Financial Group.

Simply Wall St -

Should You Be Adding Olympia Financial Group (TSE:OLY) To Your Watchlist Today?

Not all of Olympia Financial Group's revenue this year is revenue from operations, so keep in mind the revenue and margin numbers I've used might not be the best representation of the underlying business. … For growth investors like me, Olympia Financial Group's raw rate of earnings growth is a beacon in the night. … The good news is that Olympia Financial Group is not the only growth stock with insider buying.

Simply Wall St -

How Does Olympia Financial Group Inc.'s (TSE:OLY) Earnings Growth Stack Up Against Industry Performance?

See our latest analysis for Olympia Financial Group Did OLY's recent earnings growth beat the long-term trend and the industry? … Though Olympia Financial Group's past data is helpful, it is only one aspect of my investment thesis. … I recommend you continue to research Olympia Financial Group to get a more holistic view of the stock by looking at: Future Outlook: What are well-informed industry analysts predicting for OLY’s future growth?

Simply Wall St -

Read This Before Selling Olympia Financial Group Inc. (TSE:OLY) Shares

So we'll take a look at whether insiders have been buying or selling shares in Olympia Financial Group Inc. … Olympia Financial Group Insider Transactions Over The Last Year. … In total, Olympia Financial Group insiders bought more than they sold over the last year

Simply Wall St -

OLY Company Info

Description

Olympia Financial Group Inc., through its subsidiary Olympia Trust Company, operates as a non-deposit taking trust corporation in Canada. The company operates through Private Health Services Plan, Registered Plans, Foreign Exchange, Corporate and Shareholder Services, and Exempt Edge divisions. The Private Health Services Plan division markets, sells, and administers health and dental benefits to business owners. The Registered Plans division administers self-directed registered plans. The Foreign Exchange division provides personalized services, such as buying and selling foreign currencies for corporations and private clients. The Corporate and Shareholder Services division provides transfer agency and corporate trust services to public and private issuers. The Exempt Edge division focuses on the provision of information technology services to exempt market dealers, registrants, and issuers. Olympia Financial Group Inc. was incorporated in 1994 and is headquartered in Calgary, Canada.

Details
Name: Olympia Financial Group Inc.
OLY
Exchange: TSX
Founded: 1994
CA$102,269,280
2,406,336
Website: http://www.olympiafinancial.com
Address: Olympia Financial Group Inc.
125 – 9th Avenue South East,
Suite 2300,
Calgary,
Alberta, T2G 0P6,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX OLY Class A Common Shares The Toronto Stock Exchange CA CAD 17. May 2006
Number of employees
Current staff
Staff numbers
223
Olympia Financial Group employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/29 01:48
End of day share price update: 2020/03/25 00:00
Last estimates confirmation: 2018/02/22
Last earnings filing: 2020/02/27
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.