Olympia Fin Group (TSE:OLY)
TSX:OLY
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Olympia Financial
(TSX:OLY)
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Rating:79Outperform
Price Target:
C$141.00
▲(15.76% Upside)
Action:Reiterated
Date:05/16/26
The score is driven primarily by strong financial quality (high margins, very high ROE, and low leverage) and solid recent cash generation. Technicals are supportive with price above major moving averages and positive MACD, while valuation is balanced by a high dividend yield but a mid-to-higher P/E and slightly negative recent revenue growth.
Positive Factors
High profitability & ROE
Sustained high operating and net margins with very strong ROE indicate durable unit economics and capital efficiency. This supports ongoing cash generation and the ability to fund dividends or reinvest without relying on leverage, strengthening long-term shareholder returns.
Negative Factors
Revenue softness
Declining revenue trends reduce operating leverage benefits and may pressure margins if fixed costs persist. If account activity or assets under administration decline further, sustaining high profitability will require efficiency gains or new fee streams over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
High profitability & ROE
Sustained high operating and net margins with very strong ROE indicate durable unit economics and capital efficiency. This supports ongoing cash generation and the ability to fund dividends or reinvest without relying on leverage, strengthening long-term shareholder returns.
Read all positive factors
Olympia Financial (OLY) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$297.18M
Dividend Yield6.44%
Average Volume (3M)3.27K
Price to Earnings (P/E)23.3
Beta (1Y)0.23
Revenue Growth-7.75%
EPS Growth-25.64%
CountryCA
Employees325
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)7.29
Shares Outstanding2,406,336
10 Day Avg. Volume5,447
30 Day Avg. Volume3,275
Financial Highlights & Ratios
PEG Ratio-0.80
Price to Book (P/B)6.08
Price to Sales (P/S)2.73
P/FCF Ratio13.30
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$167.49Price Target Upside37.51% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)7.63
Revenue Forecast (FY)C$96.94M
Olympia Financial Business Overview & Revenue Model
Company Description
Olympia Financial Group Inc., through its subsidiary, Olympia Trust Company, operates as a non-deposit taking trust company in Canada. The company operates through Investment Account Services, Currency and Global Payments, Private Health Services ...
How the Company Makes Money
Olympia Financial primarily makes money by charging fees for administering investment accounts and providing custody/recordkeeping and related back-office services. Key revenue streams generally include: (1) account administration and plan fees (r...
Olympia Financial Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
83
Very Positive
Cash Flow
80
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 95.07M | 98.86M | 102.31M | 99.82M | 71.38M | 48.35M |
| Gross Profit | 89.02M | 90.08M | 50.78M | 96.15M | 34.83M | 23.03M |
| EBITDA | 29.48M | 32.00M | 33.56M | 32.91M | 21.13M | 11.51M |
| Net Income | 17.53M | 19.86M | 23.92M | 23.96M | 14.15M | 6.51M |
Balance Sheet | ||||||
| Total Assets | 75.82M | 52.62M | 49.39M | 47.27M | 37.50M | 36.56M |
| Cash, Cash Equivalents and Short-Term Investments | 32.07M | 10.75M | 12.86M | 10.92M | 8.37M | 15.34M |
| Total Debt | 10.12M | 5.86M | 2.29M | 3.57M | 6.34M | 13.79M |
| Total Liabilities | 30.13M | 8.18M | 7.47M | 11.95M | 12.17M | 17.78M |
| Stockholders Equity | 45.69M | 44.44M | 41.92M | 35.32M | 25.32M | 18.77M |
Cash Flow | ||||||
| Free Cash Flow | 25.55M | 20.32M | 20.57M | 18.34M | 7.98M | 11.52M |
| Operating Cash Flow | 26.86M | 20.85M | 20.97M | 18.95M | 8.55M | 11.88M |
| Investing Cash Flow | -5.30M | -3.36M | -400.78K | 376.39K | -29.84K | -7.18M |
| Financing Cash Flow | -19.60M | -19.60M | -18.62M | -16.77M | -15.26M | 12.66K |
Olympia Financial Technical Analysis
Positive
121.80
Price Trends
120.96
Positive
117.78
Positive
117.29
Positive
Market Momentum
0.66
Positive
57.05
Neutral
78.62
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:OLY, the sentiment is Positive. The current price of 121.8 is below the 20-day moving average (MA) of 122.57, above the 50-day MA of 120.96, and above the 200-day MA of 117.29, indicating a bullish trend. The MACD of 0.66 indicates Positive momentum. The RSI at 57.05 is Neutral, neither overbought nor oversold. The STOCH value of 78.62 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:OLY.
Olympia Financial Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | C$297.18M | 23.26 | 45.15% | 6.44% | -7.75% | -25.64% | |
74 Outperform | C$372.21M | 4.09 | 13.92% | 1.47% | -114.77% | 79.72% | |
72 Outperform | C$372.21M | 4.09 | 13.92% | 1.43% | -114.77% | 79.72% | |
72 Outperform | C$476.37M | 4.07 | 29.40% | ― | 815.93% | 303.54% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
60 Neutral | C$581.09M | 50.26 | 7.80% | 8.78% | -8.34% | -48.32% | |
57 Neutral | C$238.85M | 23.15 | -3.98% | ― | -20.10% | -63.44% |
* Financial Sector Average
TSE:OLY
Olympia Financial
123.50
22.77
22.60%
TSE:URB.A
Urbana
8.75
2.93
50.29%
TSE:AIM
Aimia Inc.
2.69
-0.08
-2.89%
TSE:FSZ
Fiera Capital A
5.45
-0.27
-4.69%
TSE:URB
Urbana Corporation
9.75
3.78
63.21%
TSE:STCK
Stack Capital Group
31.10
18.70
150.81%
Olympia Financial Corporate Events
Business Operations and StrategyM&A Transactions
Olympia Financial Closes Sale of Currency and Global Payments Unit to Shift Connect
Positive
Apr 15, 2026
Olympia Financial Group Inc. has closed the previously announced sale of its subsidiary Olympia Currency and Global Payments Inc. to Shift Connect Ltd., marking a strategic divestiture from its currency and global payments business. The transactio...
Dividends
Olympia Financial Group Declares April Monthly Dividend of $0.60 Per Share
Positive
Apr 6, 2026
Olympia Financial Group Inc., a diversified Canadian financial services provider focused on trust, transfer agency, payment services, and benefits administration, continues to serve clients nationwide through its regulated subsidiaries and broad s...
Dividends
Olympia Financial Group Declares March Eligible Dividend of $0.60 per Share
Positive
Mar 5, 2026
Olympia Financial Group Inc., traded on the Toronto Stock Exchange as OLY, conducts most of its business through Olympia Trust Company, which offers self‑directed registered plan administration, corporate trust, and transfer agency services ...
Business Operations and StrategyFinancial Disclosures
Olympia Financial Earnings Drop as Lower Interest Income Offsets Growth in Service Fees
Negative
Feb 28, 2026
Olympia Financial Group Inc. reported that for the year ended December 31, 2025, net earnings fell 17% to $19.86 million, with basic and diluted earnings per share dropping to $8.25 from $9.94. Total revenue declined 4% to $98.86 million, largely ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.