AGF MANAGEMENT LTD-CLASS B (AGF-B.CA) Stock Fundamental Analysis
Canada - TSX:AGF-B - CA0010921058 - Common Stock
13.73 CAD
+0.06 (+0.44%)
We assign a fundamental rating of 6 out of 10 to AGF-B. AGF-B was compared to 76 industry peers in the Capital Markets industry. While AGF-B has a great profitability rating, there are some minor concerns on its financial health. AGF-B may be a bit undervalued, certainly considering the very reasonable score on growth With these ratings, AGF-B could be worth investigating further for value investing!.
1. Profitability
1.1 Basic Checks
In the past year AGF-B was profitable.
In the past year AGF-B had a positive cash flow from operations.
Each year in the past 5 years AGF-B has been profitable.
Each year in the past 5 years AGF-B had a positive operating cash flow.
1.2 Ratios
AGF-B has a Return On Assets of 6.51%. This is in the better half of the industry: AGF-B outperforms 71.05% of its industry peers.
With a decent Return On Equity value of 9.53%, AGF-B is doing good in the industry, outperforming 67.11% of the companies in the same industry.
AGF-B has a better Return On Invested Capital (5.55%) than 73.68% of its industry peers.
The Average Return On Invested Capital over the past 3 years for AGF-B is significantly below the industry average of 10.25%.
The last Return On Invested Capital (5.55%) for AGF-B is above the 3 year average (4.73%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.51% | ||
| ROE | 9.53% | ||
| ROIC | 5.55% |
ROA(3y)5.67%
ROA(5y)6.56%
ROE(3y)7.72%
ROE(5y)8.82%
ROIC(3y)4.73%
ROIC(5y)3.69%
1.3 Margins
The Profit Margin of AGF-B (21.44%) is better than 64.47% of its industry peers.
AGF-B's Profit Margin has improved in the last couple of years.
AGF-B has a Operating Margin (22.18%) which is comparable to the rest of the industry.
AGF-B's Operating Margin has improved in the last couple of years.
AGF-B has a Gross Margin of 71.76%. This is amongst the best in the industry. AGF-B outperforms 80.26% of its industry peers.
In the last couple of years the Gross Margin of AGF-B has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 22.18% | ||
| PM (TTM) | 21.44% | ||
| GM | 71.76% |
OM growth 3Y35.46%
OM growth 5Y16.16%
PM growth 3Y30.15%
PM growth 5Y10.06%
GM growth 3Y9.65%
GM growth 5Y4.26%
2. Health
2.1 Basic Checks
Compared to 1 year ago, AGF-B has more shares outstanding
AGF-B has less shares outstanding than it did 5 years ago.
The debt/assets ratio for AGF-B has been reduced compared to a year ago.
2.2 Solvency
AGF-B has an Altman-Z score of 2.11. This is not the best score and indicates that AGF-B is in the grey zone with still only limited risk for bankruptcy at the moment.
AGF-B has a better Altman-Z score (2.11) than 64.47% of its industry peers.
The Debt to FCF ratio of AGF-B is 1.23, which is an excellent value as it means it would take AGF-B, only 1.23 years of fcf income to pay off all of its debts.
AGF-B has a better Debt to FCF ratio (1.23) than 82.89% of its industry peers.
AGF-B has a Debt/Equity ratio of 0.12. This is a healthy value indicating a solid balance between debt and equity.
AGF-B has a Debt to Equity ratio of 0.12. This is in the better half of the industry: AGF-B outperforms 67.11% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.12 | ||
| Debt/FCF | 1.23 | ||
| Altman-Z | 2.11 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 0.99 indicates that AGF-B may have some problems paying its short term obligations.
With a Current ratio value of 0.99, AGF-B perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
AGF-B has a Quick Ratio of 0.99. This is a bad value and indicates that AGF-B is not financially healthy enough and could expect problems in meeting its short term obligations.
AGF-B's Quick ratio of 0.99 is in line compared to the rest of the industry. AGF-B outperforms 50.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.99 | ||
| Quick Ratio | 0.99 |
3. Growth
3.1 Past
AGF-B shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 20.27%, which is quite impressive.
Measured over the past years, AGF-B shows a quite strong growth in Earnings Per Share. The EPS has been growing by 19.14% on average per year.
Looking at the last year, AGF-B shows a quite strong growth in Revenue. The Revenue has grown by 10.22% in the last year.
The Revenue has been growing slightly by 4.75% on average over the past years.
EPS 1Y (TTM)20.27%
EPS 3Y45.98%
EPS 5Y19.14%
EPS Q2Q%24.32%
Revenue 1Y (TTM)10.22%
Revenue growth 3Y4.05%
Revenue growth 5Y4.75%
Sales Q2Q%5.6%
3.2 Future
Based on estimates for the next years, AGF-B will show a small growth in Earnings Per Share. The EPS will grow by 4.61% on average per year.
The Revenue is expected to grow by 5.46% on average over the next years.
EPS Next Y6.08%
EPS Next 2Y5%
EPS Next 3Y4.61%
EPS Next 5YN/A
Revenue Next Year6.62%
Revenue Next 2Y6.01%
Revenue Next 3Y5.46%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
AGF-B is valuated cheaply with a Price/Earnings ratio of 7.71.
The rest of the industry has a similar Price/Earnings ratio as AGF-B.
When comparing the Price/Earnings ratio of AGF-B to the average of the S&P500 Index (27.57), we can say AGF-B is valued rather cheaply.
AGF-B is valuated cheaply with a Price/Forward Earnings ratio of 7.41.
Based on the Price/Forward Earnings ratio, AGF-B is valued a bit cheaper than 69.74% of the companies in the same industry.
AGF-B is valuated cheaply when we compare the Price/Forward Earnings ratio to 23.09, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.71 | ||
| Fwd PE | 7.41 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, AGF-B is valued cheaply inside the industry as 90.79% of the companies are valued more expensively.
89.47% of the companies in the same industry are more expensive than AGF-B, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.58 | ||
| EV/EBITDA | 7.58 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The decent profitability rating of AGF-B may justify a higher PE ratio.
PEG (NY)1.27
PEG (5Y)0.4
EPS Next 2Y5%
EPS Next 3Y4.61%
5. Dividend
5.1 Amount
AGF-B has a Yearly Dividend Yield of 3.68%.
Compared to an average industry Dividend Yield of 5.47, AGF-B has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.32, AGF-B pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.68% |
5.2 History
The dividend of AGF-B is nicely growing with an annual growth rate of 7.13%!
AGF-B has paid a dividend for at least 10 years, which is a reliable track record.
AGF-B has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)7.13%
Div Incr Years4
Div Non Decr Years8
5.3 Sustainability
AGF-B pays out 27.23% of its income as dividend. This is a sustainable payout ratio.
The dividend of AGF-B is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP27.23%
EPS Next 2Y5%
EPS Next 3Y4.61%
TSX:AGF-B (10/22/2025, 7:00:00 PM)
13.73
+0.06 (+0.44%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners13.82%
Inst Owner ChangeN/A
Ins Owners0.09%
Ins Owner ChangeN/A
Market Cap890.67M
Revenue(TTM)523.91M
Net Income(TTM)112.32M
Analysts81.54
Price Target16.88 (22.94%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.68% |
Yearly Dividend0.45
Dividend Growth(5Y)7.13%
DP27.23%
Div Incr Years4
Div Non Decr Years8
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-3.04%
Min EPS beat(2)-5.81%
Max EPS beat(2)-0.27%
EPS beat(4)2
Avg EPS beat(4)5.38%
Min EPS beat(4)-5.81%
Max EPS beat(4)16.07%
EPS beat(8)3
Avg EPS beat(8)7.2%
EPS beat(12)6
Avg EPS beat(12)7.71%
EPS beat(16)10
Avg EPS beat(16)9.64%
Revenue beat(2)0
Avg Revenue beat(2)-10.59%
Min Revenue beat(2)-17.72%
Max Revenue beat(2)-3.46%
Revenue beat(4)1
Avg Revenue beat(4)-8.03%
Min Revenue beat(4)-17.72%
Max Revenue beat(4)0.45%
Revenue beat(8)2
Avg Revenue beat(8)-7.02%
Revenue beat(12)3
Avg Revenue beat(12)-5.55%
Revenue beat(16)3
Avg Revenue beat(16)-5.56%
PT rev (1m)14.93%
PT rev (3m)17.38%
EPS NQ rev (1m)7.9%
EPS NQ rev (3m)10.99%
EPS NY rev (1m)1.58%
EPS NY rev (3m)1.62%
Revenue NQ rev (1m)4.92%
Revenue NQ rev (3m)4.92%
Revenue NY rev (1m)1.62%
Revenue NY rev (3m)2.95%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.71 | ||
| Fwd PE | 7.41 | ||
| P/S | 1.7 | ||
| P/FCF | 7.58 | ||
| P/OCF | 7.34 | ||
| P/B | 0.76 | ||
| P/tB | 6.75 | ||
| EV/EBITDA | 7.58 |
EPS(TTM)1.78
EY12.96%
EPS(NY)1.85
Fwd EY13.49%
FCF(TTM)1.81
FCFY13.19%
OCF(TTM)1.87
OCFY13.62%
SpS8.08
BVpS18.17
TBVpS2.04
PEG (NY)1.27
PEG (5Y)0.4
Graham Number26.98
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.51% | ||
| ROE | 9.53% | ||
| ROCE | 7.26% | ||
| ROIC | 5.55% | ||
| ROICexc | 5.79% | ||
| ROICexgc | 18.15% | ||
| OM | 22.18% | ||
| PM (TTM) | 21.44% | ||
| GM | 71.76% | ||
| FCFM | 22.42% |
ROA(3y)5.67%
ROA(5y)6.56%
ROE(3y)7.72%
ROE(5y)8.82%
ROIC(3y)4.73%
ROIC(5y)3.69%
ROICexc(3y)4.94%
ROICexc(5y)3.89%
ROICexgc(3y)19.06%
ROICexgc(5y)16.48%
ROCE(3y)6.18%
ROCE(5y)4.81%
ROICexgc growth 3Y16.59%
ROICexgc growth 5Y13.64%
ROICexc growth 3Y31.27%
ROICexc growth 5Y17.72%
OM growth 3Y35.46%
OM growth 5Y16.16%
PM growth 3Y30.15%
PM growth 5Y10.06%
GM growth 3Y9.65%
GM growth 5Y4.26%
F-Score7
Asset Turnover0.3
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.12 | ||
| Debt/FCF | 1.23 | ||
| Debt/EBITDA | 1.1 | ||
| Cap/Depr | 40.6% | ||
| Cap/Sales | 0.74% | ||
| Interest Coverage | 35.32 | ||
| Cash Conversion | 96.52% | ||
| Profit Quality | 104.6% | ||
| Current Ratio | 0.99 | ||
| Quick Ratio | 0.99 | ||
| Altman-Z | 2.11 |
F-Score7
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)67.14%
Cap/Depr(5y)73.64%
Cap/Sales(3y)1.64%
Cap/Sales(5y)1.76%
Profit Quality(3y)94.38%
Profit Quality(5y)84.46%
High Growth Momentum
Growth
EPS 1Y (TTM)20.27%
EPS 3Y45.98%
EPS 5Y19.14%
EPS Q2Q%24.32%
EPS Next Y6.08%
EPS Next 2Y5%
EPS Next 3Y4.61%
EPS Next 5YN/A
Revenue 1Y (TTM)10.22%
Revenue growth 3Y4.05%
Revenue growth 5Y4.75%
Sales Q2Q%5.6%
Revenue Next Year6.62%
Revenue Next 2Y6.01%
Revenue Next 3Y5.46%
Revenue Next 5YN/A
EBIT growth 1Y36.77%
EBIT growth 3Y40.94%
EBIT growth 5Y21.68%
EBIT Next Year49.02%
EBIT Next 3Y14.16%
EBIT Next 5YN/A
FCF growth 1Y49.06%
FCF growth 3Y48.19%
FCF growth 5Y11.23%
OCF growth 1Y44.08%
OCF growth 3Y33.83%
OCF growth 5Y11.16%