AFFILIATED MANAGERS GROUP (AMG) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:AMG - US0082521081 - Common Stock
267.6 USD
+1.49 (+0.56%)
267.6 USD
0 (0%)
Overall AMG gets a fundamental rating of 6 out of 10. We evaluated AMG against 237 industry peers in the Capital Markets industry. AMG has only an average score on both its financial health and profitability. A decent growth rate in combination with a cheap valuation! Better keep an eye on AMG. These ratings could make AMG a good candidate for value investing.
1. Profitability
1.1 Basic Checks
In the past year AMG was profitable.
AMG had a positive operating cash flow in the past year.
Each year in the past 5 years AMG has been profitable.
In the past 5 years AMG always reported a positive cash flow from operatings.
1.2 Ratios
AMG has a better Return On Assets (5.95%) than 75.11% of its industry peers.
Looking at the Return On Equity, with a value of 15.89%, AMG is in the better half of the industry, outperforming 78.48% of the companies in the same industry.
With a decent Return On Invested Capital value of 5.15%, AMG is doing good in the industry, outperforming 67.93% of the companies in the same industry.
AMG had an Average Return On Invested Capital over the past 3 years of 7.38%. This is in line with the industry average of 6.96%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.95% | ||
| ROE | 15.89% | ||
| ROIC | 5.15% |
ROA(3y)8.71%
ROA(5y)7.01%
ROE(3y)23.17%
ROE(5y)19.42%
ROIC(3y)7.38%
ROIC(5y)7.61%
1.3 Margins
With a decent Profit Margin value of 26.01%, AMG is doing good in the industry, outperforming 64.98% of the companies in the same industry.
AMG's Profit Margin has improved in the last couple of years.
With a Operating Margin value of 24.87%, AMG perfoms like the industry average, outperforming 50.21% of the companies in the same industry.
In the last couple of years the Operating Margin of AMG has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 24.87% | ||
| PM (TTM) | 26.01% | ||
| GM | N/A |
OM growth 3Y-4.07%
OM growth 5Y0.96%
PM growth 3Y2.25%
PM growth 5Y104.49%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
The number of shares outstanding for AMG has been reduced compared to 1 year ago.
AMG has less shares outstanding than it did 5 years ago.
AMG has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.41 indicates that AMG is not a great score, but indicates only limited risk for bankruptcy at the moment.
The Altman-Z score of AMG (2.41) is better than 71.73% of its industry peers.
The Debt to FCF ratio of AMG is 2.55, which is a good value as it means it would take AMG, 2.55 years of fcf income to pay off all of its debts.
AMG has a Debt to FCF ratio of 2.55. This is amongst the best in the industry. AMG outperforms 80.59% of its industry peers.
AMG has a Debt/Equity ratio of 0.71. This is a neutral value indicating AMG is somewhat dependend on debt financing.
AMG has a Debt to Equity ratio of 0.71. This is comparable to the rest of the industry: AMG outperforms 58.23% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.71 | ||
| Debt/FCF | 2.55 | ||
| Altman-Z | 2.41 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 1.30 indicates that AMG should not have too much problems paying its short term obligations.
With a decent Current ratio value of 1.30, AMG is doing good in the industry, outperforming 60.34% of the companies in the same industry.
A Quick Ratio of 1.30 indicates that AMG should not have too much problems paying its short term obligations.
With a decent Quick ratio value of 1.30, AMG is doing good in the industry, outperforming 61.18% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.3 | ||
| Quick Ratio | 1.3 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 3.16% over the past year.
AMG shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 7.59% yearly.
Looking at the last year, AMG shows a small growth in Revenue. The Revenue has grown by 1.13% in the last year.
Measured over the past years, AMG shows a decrease in Revenue. The Revenue has been decreasing by -1.84% on average per year.
EPS 1Y (TTM)3.16%
EPS 3Y3.78%
EPS 5Y7.59%
EPS Q2Q%26.56%
Revenue 1Y (TTM)1.13%
Revenue growth 3Y-5.42%
Revenue growth 5Y-1.84%
Sales Q2Q%2.25%
3.2 Future
Based on estimates for the next years, AMG will show a quite strong growth in Earnings Per Share. The EPS will grow by 11.49% on average per year.
AMG is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.96% yearly.
EPS Next Y20.6%
EPS Next 2Y18.91%
EPS Next 3Y17.85%
EPS Next 5Y11.49%
Revenue Next Year1.93%
Revenue Next 2Y5.64%
Revenue Next 3Y4.71%
Revenue Next 5Y4.96%
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 accelerating.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
AMG is valuated reasonably with a Price/Earnings ratio of 11.94.
62.03% of the companies in the same industry are more expensive than AMG, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 26.15. AMG is valued rather cheaply when compared to this.
Based on the Price/Forward Earnings ratio of 9.20, the valuation of AMG can be described as reasonable.
AMG's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. AMG is cheaper than 76.79% of the companies in the same industry.
AMG is valuated cheaply when we compare the Price/Forward Earnings ratio to 36.12, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.94 | ||
| Fwd PE | 9.2 |
4.2 Price Multiples
AMG's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. AMG is cheaper than 79.75% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, AMG is valued a bit cheaper than 76.37% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.17 | ||
| EV/EBITDA | 15.25 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of AMG may justify a higher PE ratio.
AMG's earnings are expected to grow with 17.85% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.58
PEG (5Y)1.57
EPS Next 2Y18.91%
EPS Next 3Y17.85%
5. Dividend
5.1 Amount
AMG has a yearly dividend return of 0.02%, which is pretty low.
AMG's Dividend Yield is slightly below the industry average, which is at 8.60.
With a Dividend Yield of 0.02, AMG pays less dividend than the S&P500 average, which is at 2.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.02% |
5.2 History
The dividend of AMG decreases each year by -47.48%.
AMG has been paying a dividend for over 5 years, so it has already some track record.
AMG has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)-47.48%
Div Incr Years0
Div Non Decr Years3
5.3 Sustainability
0.23% of the earnings are spent on dividend by AMG. This is a low number and sustainable payout ratio.
DP0.23%
EPS Next 2Y18.91%
EPS Next 3Y17.85%
267.6
+1.49 (+0.56%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners96.83%
Inst Owner Change0.66%
Ins Owners3.45%
Ins Owner Change8.91%
Market Cap7.60B
Revenue(TTM)2.04B
Net Income(TTM)531.20M
Analysts86
Price Target330.48 (23.5%)
Short Float %2.14%
Short Ratio2.35
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.02% |
Yearly Dividend0.04
Dividend Growth(5Y)-47.48%
DP0.23%
Div Incr Years0
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)1.76%
Min EPS beat(2)0.95%
Max EPS beat(2)2.56%
EPS beat(4)3
Avg EPS beat(4)-0.4%
Min EPS beat(4)-6.04%
Max EPS beat(4)2.56%
EPS beat(8)6
Avg EPS beat(8)1.48%
EPS beat(12)9
Avg EPS beat(12)2.1%
EPS beat(16)13
Avg EPS beat(16)2.64%
Revenue beat(2)0
Avg Revenue beat(2)-3.93%
Min Revenue beat(2)-4.06%
Max Revenue beat(2)-3.79%
Revenue beat(4)0
Avg Revenue beat(4)-3.11%
Min Revenue beat(4)-4.06%
Max Revenue beat(4)-2.17%
Revenue beat(8)0
Avg Revenue beat(8)-3.76%
Revenue beat(12)1
Avg Revenue beat(12)-4.04%
Revenue beat(16)4
Avg Revenue beat(16)-2.57%
PT rev (1m)19.04%
PT rev (3m)30.73%
EPS NQ rev (1m)5.72%
EPS NQ rev (3m)12.57%
EPS NY rev (1m)0%
EPS NY rev (3m)2.2%
Revenue NQ rev (1m)2.66%
Revenue NQ rev (3m)4.92%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.29%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.94 | ||
| Fwd PE | 9.2 | ||
| P/S | 3.72 | ||
| P/FCF | 8.17 | ||
| P/OCF | 8.13 | ||
| P/B | 2.27 | ||
| P/tB | N/A | ||
| EV/EBITDA | 15.25 |
EPS(TTM)22.41
EY8.37%
EPS(NY)29.09
Fwd EY10.87%
FCF(TTM)32.74
FCFY12.23%
OCF(TTM)32.92
OCFY12.3%
SpS71.88
BVpS117.68
TBVpS-31.26
PEG (NY)0.58
PEG (5Y)1.57
Graham Number243.6
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.95% | ||
| ROE | 15.89% | ||
| ROCE | 6.31% | ||
| ROIC | 5.15% | ||
| ROICexc | 5.47% | ||
| ROICexgc | 13.67% | ||
| OM | 24.87% | ||
| PM (TTM) | 26.01% | ||
| GM | N/A | ||
| FCFM | 45.54% |
ROA(3y)8.71%
ROA(5y)7.01%
ROE(3y)23.17%
ROE(5y)19.42%
ROIC(3y)7.38%
ROIC(5y)7.61%
ROICexc(3y)8.14%
ROICexc(5y)8.54%
ROICexgc(3y)23.93%
ROICexgc(5y)25.25%
ROCE(3y)9.04%
ROCE(5y)9.33%
ROICexgc growth 3Y-5.55%
ROICexgc growth 5Y1.96%
ROICexc growth 3Y-6.71%
ROICexc growth 5Y-1.27%
OM growth 3Y-4.07%
OM growth 5Y0.96%
PM growth 3Y2.25%
PM growth 5Y104.49%
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.23
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.71 | ||
| Debt/FCF | 2.55 | ||
| Debt/EBITDA | 3.81 | ||
| Cap/Depr | 4.6% | ||
| Cap/Sales | 0.26% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 150.13% | ||
| Profit Quality | 175.08% | ||
| Current Ratio | 1.3 | ||
| Quick Ratio | 1.3 | ||
| Altman-Z | 2.41 |
F-Score6
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)15.05%
Cap/Depr(5y)13.31%
Cap/Sales(3y)0.42%
Cap/Sales(5y)0.41%
Profit Quality(3y)133.79%
Profit Quality(5y)223%
High Growth Momentum
Growth
EPS 1Y (TTM)3.16%
EPS 3Y3.78%
EPS 5Y7.59%
EPS Q2Q%26.56%
EPS Next Y20.6%
EPS Next 2Y18.91%
EPS Next 3Y17.85%
EPS Next 5Y11.49%
Revenue 1Y (TTM)1.13%
Revenue growth 3Y-5.42%
Revenue growth 5Y-1.84%
Sales Q2Q%2.25%
Revenue Next Year1.93%
Revenue Next 2Y5.64%
Revenue Next 3Y4.71%
Revenue Next 5Y4.96%
EBIT growth 1Y-21.77%
EBIT growth 3Y-9.28%
EBIT growth 5Y-0.89%
EBIT Next Year41.77%
EBIT Next 3Y17.15%
EBIT Next 5Y10.34%
FCF growth 1Y7.38%
FCF growth 3Y-9.09%
FCF growth 5Y0.41%
OCF growth 1Y6.89%
OCF growth 3Y-9.19%
OCF growth 5Y0.28%
AFFILIATED MANAGERS GROUP / AMG FAQ
What is the ChartMill fundamental rating of AFFILIATED MANAGERS GROUP (AMG) stock?
ChartMill assigns a fundamental rating of 6 / 10 to AMG.
What is the valuation status of AFFILIATED MANAGERS GROUP (AMG) stock?
ChartMill assigns a valuation rating of 7 / 10 to AFFILIATED MANAGERS GROUP (AMG). This can be considered as Undervalued.
Can you provide the profitability details for AFFILIATED MANAGERS GROUP?
AFFILIATED MANAGERS GROUP (AMG) has a profitability rating of 6 / 10.
How financially healthy is AFFILIATED MANAGERS GROUP?
The financial health rating of AFFILIATED MANAGERS GROUP (AMG) is 6 / 10.
Is the dividend of AFFILIATED MANAGERS GROUP sustainable?
The dividend rating of AFFILIATED MANAGERS GROUP (AMG) is 3 / 10 and the dividend payout ratio is 0.23%.