AGF MANAGEMENT LTD-CLASS B (AGF-B.CA) Fundamental Analysis & Valuation

TSX:AGF-B • CA0010921058

19.79 CAD
-0.45 (-2.22%)
Last: Mar 6, 2026, 07:00 PM
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This AGF-B.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

6

We assign a fundamental rating of 6 out of 10 to AGF-B. AGF-B was compared to 80 industry peers in the Capital Markets industry. Both the profitability and the financial health of AGF-B get a neutral evaluation. Nothing too spectacular is happening here. AGF-B has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

6

1. AGF-B.CA Profitability Analysis

1.1 Basic Checks

  • In the past year AGF-B was profitable.
  • AGF-B had a positive operating cash flow in the past year.
  • In the past 5 years AGF-B has always been profitable.
  • In the past 5 years AGF-B always reported a positive cash flow from operatings.
AGF-B.CA Yearly Net Income VS EBIT VS OCF VS FCFAGF-B.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M

1.2 Ratios

  • AGF-B has a better Return On Assets (7.37%) than 68.75% of its industry peers.
  • With a decent Return On Equity value of 10.62%, AGF-B is doing good in the industry, outperforming 63.75% of the companies in the same industry.
  • AGF-B has a Return On Invested Capital of 5.96%. This is in the better half of the industry: AGF-B outperforms 70.00% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for AGF-B is significantly below the industry average of 10.69%.
  • The 3 year average ROIC (5.36%) for AGF-B is below the current ROIC(5.96%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 7.37%
ROE 10.62%
ROIC 5.96%
ROA(3y)6.51%
ROA(5y)5.46%
ROE(3y)9.11%
ROE(5y)7.52%
ROIC(3y)5.36%
ROIC(5y)4.47%
AGF-B.CA Yearly ROA, ROE, ROICAGF-B.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15

1.3 Margins

  • AGF-B's Profit Margin of 24.02% is fine compared to the rest of the industry. AGF-B outperforms 68.75% of its industry peers.
  • AGF-B's Profit Margin has declined in the last couple of years.
  • The Operating Margin of AGF-B (23.21%) is worse than 62.50% of its industry peers.
  • AGF-B's Operating Margin has improved in the last couple of years.
  • With a decent Gross Margin value of 71.92%, AGF-B is doing good in the industry, outperforming 78.75% of the companies in the same industry.
  • AGF-B's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 23.21%
PM (TTM) 24.02%
GM 71.92%
OM growth 3Y13.08%
OM growth 5Y19.36%
PM growth 3Y16.66%
PM growth 5Y-12.07%
GM growth 3Y5.78%
GM growth 5Y4.51%
AGF-B.CA Yearly Profit, Operating, Gross MarginsAGF-B.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60

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6

2. AGF-B.CA Health Analysis

2.1 Basic Checks

  • Compared to 1 year ago, AGF-B has less shares outstanding
  • AGF-B has less shares outstanding than it did 5 years ago.
  • The debt/assets ratio for AGF-B is higher compared to a year ago.
AGF-B.CA Yearly Shares OutstandingAGF-B.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M
AGF-B.CA Yearly Total Debt VS Total AssetsAGF-B.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B

2.2 Solvency

  • An Altman-Z score of 2.63 indicates that AGF-B is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • AGF-B has a better Altman-Z score (2.63) than 68.75% of its industry peers.
  • The Debt to FCF ratio of AGF-B is 1.10, which is an excellent value as it means it would take AGF-B, only 1.10 years of fcf income to pay off all of its debts.
  • AGF-B has a Debt to FCF ratio of 1.10. This is amongst the best in the industry. AGF-B outperforms 81.25% of its industry peers.
  • AGF-B has a Debt/Equity ratio of 0.10. This is a healthy value indicating a solid balance between debt and equity.
  • AGF-B has a better Debt to Equity ratio (0.10) than 70.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.1
Debt/FCF 1.1
Altman-Z 2.63
ROIC/WACCN/A
WACCN/A
AGF-B.CA Yearly LT Debt VS Equity VS FCFAGF-B.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B

2.3 Liquidity

  • AGF-B has a Current Ratio of 1.00. This is a normal value and indicates that AGF-B is financially healthy and should not expect problems in meeting its short term obligations.
  • AGF-B has a Current ratio (1.00) which is in line with its industry peers.
  • AGF-B has a Quick Ratio of 1.00. This is a normal value and indicates that AGF-B is financially healthy and should not expect problems in meeting its short term obligations.
  • AGF-B has a Quick ratio of 1.00. This is comparable to the rest of the industry: AGF-B outperforms 55.00% of its industry peers.
Industry RankSector Rank
Current Ratio 1
Quick Ratio 1
AGF-B.CA Yearly Current Assets VS Current LiabilitesAGF-B.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. AGF-B.CA Growth Analysis

3.1 Past

  • AGF-B shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 16.07%, which is quite good.
  • AGF-B shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 27.44% yearly.
  • The Revenue has been growing slightly by 7.90% in the past year.
  • AGF-B shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.06% yearly.
EPS 1Y (TTM)16.07%
EPS 3Y26.64%
EPS 5Y27.44%
EPS Q2Q%37.78%
Revenue 1Y (TTM)7.9%
Revenue growth 3Y6.71%
Revenue growth 5Y7.06%
Sales Q2Q%12.66%

3.2 Future

  • AGF-B is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 3.92% yearly.
  • AGF-B is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.88% yearly.
EPS Next Y0.89%
EPS Next 2Y3.92%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year8.72%
Revenue Next 2Y6.3%
Revenue Next 3Y2.88%
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 decreasing: in the next years the growth will be less than in the last years.
AGF-B.CA Yearly Revenue VS EstimatesAGF-B.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 200M 400M 600M
AGF-B.CA Yearly EPS VS EstimatesAGF-B.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0.5 1 1.5 2

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6

4. AGF-B.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • AGF-B is valuated reasonably with a Price/Earnings ratio of 10.15.
  • AGF-B's Price/Earnings ratio is in line with the industry average.
  • Compared to an average S&P500 Price/Earnings ratio of 26.29, AGF-B is valued rather cheaply.
  • A Price/Forward Earnings ratio of 10.06 indicates a reasonable valuation of AGF-B.
  • AGF-B's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. AGF-B is cheaper than 71.25% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 24.57. AGF-B is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 10.15
Fwd PE 10.06
AGF-B.CA Price Earnings VS Forward Price EarningsAGF-B.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80 100

4.2 Price Multiples

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as AGF-B.
  • 85.00% of the companies in the same industry are more expensive than AGF-B, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 11.62
EV/EBITDA 10.03
AGF-B.CA Per share dataAGF-B.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • AGF-B has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)11.44
PEG (5Y)0.37
EPS Next 2Y3.92%
EPS Next 3YN/A

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. AGF-B.CA Dividend Analysis

5.1 Amount

  • AGF-B has a Yearly Dividend Yield of 2.47%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 3.09, AGF-B has a dividend in line with its industry peers.
  • AGF-B's Dividend Yield is a higher than the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 2.47%

5.2 History

  • On average, the dividend of AGF-B grows each year by 9.64%, which is quite nice.
  • AGF-B has paid a dividend for at least 10 years, which is a reliable track record.
  • As AGF-B did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)9.64%
Div Incr Years4
Div Non Decr Years8
AGF-B.CA Yearly Dividends per shareAGF-B.CA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.1 0.2 0.3 0.4 0.5

5.3 Sustainability

  • 26.38% of the earnings are spent on dividend by AGF-B. This is a low number and sustainable payout ratio.
  • AGF-B's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP26.38%
EPS Next 2Y3.92%
EPS Next 3YN/A
AGF-B.CA Yearly Income VS Free CF VS DividendAGF-B.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M
AGF-B.CA Dividend Payout.AGF-B.CA Dividend Payout, showing the Payout Ratio.AGF-B.CA Dividend Payout.PayoutRetained Earnings

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AGF-B.CA Fundamentals: All Metrics, Ratios and Statistics

AGF MANAGEMENT LTD-CLASS B

TSX:AGF-B (3/6/2026, 7:00:00 PM)

19.79

-0.45 (-2.22%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)01-27
Earnings (Next)04-01
Inst Owners15.84%
Inst Owner ChangeN/A
Ins Owners25.44%
Ins Owner ChangeN/A
Market Cap1.28B
Revenue(TTM)535.28M
Net Income(TTM)128.58M
Analysts81.43
Price Target20.44 (3.28%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.47%
Yearly Dividend0.53
Dividend Growth(5Y)9.64%
DP26.38%
Div Incr Years4
Div Non Decr Years8
Ex-Date01-07
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)13.59%
Min EPS beat(2)-0.27%
Max EPS beat(2)27.44%
EPS beat(4)2
Avg EPS beat(4)9.36%
Min EPS beat(4)-5.81%
Max EPS beat(4)27.44%
EPS beat(8)4
Avg EPS beat(8)13.24%
EPS beat(12)6
Avg EPS beat(12)9.27%
EPS beat(16)10
Avg EPS beat(16)11.15%
Revenue beat(2)1
Avg Revenue beat(2)-0.99%
Min Revenue beat(2)-3.46%
Max Revenue beat(2)1.47%
Revenue beat(4)1
Avg Revenue beat(4)-7.78%
Min Revenue beat(4)-17.72%
Max Revenue beat(4)1.47%
Revenue beat(8)3
Avg Revenue beat(8)-6.06%
Revenue beat(12)4
Avg Revenue beat(12)-4.84%
Revenue beat(16)4
Avg Revenue beat(16)-5.19%
PT rev (1m)18.18%
PT rev (3m)19.65%
EPS NQ rev (1m)15.1%
EPS NQ rev (3m)16.37%
EPS NY rev (1m)0%
EPS NY rev (3m)1.49%
Revenue NQ rev (1m)1.68%
Revenue NQ rev (3m)6.62%
Revenue NY rev (1m)1.4%
Revenue NY rev (3m)3.56%
Valuation
Industry RankSector Rank
PE 10.15
Fwd PE 10.06
P/S 2.39
P/FCF 11.62
P/OCF 11.12
P/B 1.06
P/tB 7.8
EV/EBITDA 10.03
EPS(TTM)1.95
EY9.85%
EPS(NY)1.97
Fwd EY9.94%
FCF(TTM)1.7
FCFY8.61%
OCF(TTM)1.78
OCFY8.99%
SpS8.3
BVpS18.75
TBVpS2.54
PEG (NY)11.44
PEG (5Y)0.37
Graham Number28.69
Profitability
Industry RankSector Rank
ROA 7.37%
ROE 10.62%
ROCE 7.7%
ROIC 5.96%
ROICexc 6.22%
ROICexgc 19.21%
OM 23.21%
PM (TTM) 24.02%
GM 71.92%
FCFM 20.54%
ROA(3y)6.51%
ROA(5y)5.46%
ROE(3y)9.11%
ROE(5y)7.52%
ROIC(3y)5.36%
ROIC(5y)4.47%
ROICexc(3y)5.57%
ROICexc(5y)4.69%
ROICexgc(3y)19%
ROICexgc(5y)17.75%
ROCE(3y)6.92%
ROCE(5y)5.77%
ROICexgc growth 3Y-1.45%
ROICexgc growth 5Y6.72%
ROICexc growth 3Y11.28%
ROICexc growth 5Y20.31%
OM growth 3Y13.08%
OM growth 5Y19.36%
PM growth 3Y16.66%
PM growth 5Y-12.07%
GM growth 3Y5.78%
GM growth 5Y4.51%
F-Score6
Asset Turnover0.31
Health
Industry RankSector Rank
Debt/Equity 0.1
Debt/FCF 1.1
Debt/EBITDA 0.86
Cap/Depr 51.34%
Cap/Sales 0.92%
Interest Coverage 38.59
Cash Conversion 85.81%
Profit Quality 85.5%
Current Ratio 1
Quick Ratio 1
Altman-Z 2.63
F-Score6
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)37.51%
Cap/Depr(5y)75.86%
Cap/Sales(3y)0.72%
Cap/Sales(5y)1.77%
Profit Quality(3y)98.74%
Profit Quality(5y)91.3%
High Growth Momentum
Growth
EPS 1Y (TTM)16.07%
EPS 3Y26.64%
EPS 5Y27.44%
EPS Q2Q%37.78%
EPS Next Y0.89%
EPS Next 2Y3.92%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)7.9%
Revenue growth 3Y6.71%
Revenue growth 5Y7.06%
Sales Q2Q%12.66%
Revenue Next Year8.72%
Revenue Next 2Y6.3%
Revenue Next 3Y2.88%
Revenue Next 5YN/A
EBIT growth 1Y33.08%
EBIT growth 3Y20.66%
EBIT growth 5Y27.78%
EBIT Next Year47.99%
EBIT Next 3Y13.87%
EBIT Next 5YN/A
FCF growth 1Y-2.18%
FCF growth 3Y31.58%
FCF growth 5Y4.27%
OCF growth 1Y0.24%
OCF growth 3Y21.15%
OCF growth 5Y4.43%

AGF MANAGEMENT LTD-CLASS B / AGF-B.CA FAQ

Can you provide the ChartMill fundamental rating for AGF MANAGEMENT LTD-CLASS B?

ChartMill assigns a fundamental rating of 6 / 10 to AGF-B.CA.


Can you provide the valuation status for AGF MANAGEMENT LTD-CLASS B?

ChartMill assigns a valuation rating of 6 / 10 to AGF MANAGEMENT LTD-CLASS B (AGF-B.CA). This can be considered as Fairly Valued.


How profitable is AGF MANAGEMENT LTD-CLASS B (AGF-B.CA) stock?

AGF MANAGEMENT LTD-CLASS B (AGF-B.CA) has a profitability rating of 6 / 10.


How financially healthy is AGF MANAGEMENT LTD-CLASS B?

The financial health rating of AGF MANAGEMENT LTD-CLASS B (AGF-B.CA) is 6 / 10.


Can you provide the expected EPS growth for AGF-B stock?

The Earnings per Share (EPS) of AGF MANAGEMENT LTD-CLASS B (AGF-B.CA) is expected to grow by 0.89% in the next year.