AFFILIATED MANAGERS GROUP (AMG) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:AMG - US0082521081 - Common Stock
279.09 USD
+4.26 (+1.55%)
279.09 USD
0 (0%)
We assign a fundamental rating of 6 out of 10 to AMG. AMG was compared to 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. This makes AMG very considerable for value investing!
1. Profitability
1.1 Basic Checks
AMG had positive earnings in the past year.
AMG had a positive operating cash flow in the past year.
AMG had positive earnings in each of the past 5 years.
In the past 5 years AMG always reported a positive cash flow from operatings.
1.2 Ratios
With a decent Return On Assets value of 5.95%, AMG is doing good in the industry, outperforming 74.26% of the companies in the same industry.
Looking at the Return On Equity, with a value of 15.89%, AMG is in the better half of the industry, outperforming 78.06% 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.
Measured over the past 3 years, the Average Return On Invested Capital for AMG is in line with the industry average of 7.00%.
| 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 65.40% 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 51.05% 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
Compared to 1 year ago, AMG has less shares outstanding
Compared to 5 years ago, AMG has less shares outstanding
AMG has a worse debt/assets ratio than last year.
2.2 Solvency
AMG has an Altman-Z score of 2.42. This is not the best score and indicates that AMG is in the grey zone with still only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.42, AMG is in the better half of the industry, outperforming 72.15% of the companies in the same industry.
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 80.17% 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.
Looking at the Debt to Equity ratio, with a value of 0.71, AMG is in line with its industry, outperforming 57.38% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.71 | ||
| Debt/FCF | 2.55 | ||
| Altman-Z | 2.42 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
AMG has a Current Ratio of 1.30. This is a normal value and indicates that AMG is financially healthy and should not expect problems in meeting its short term obligations.
AMG has a Current ratio of 1.30. This is in the better half of the industry: AMG outperforms 60.76% of its industry peers.
AMG has a Quick Ratio of 1.30. This is a normal value and indicates that AMG is financially healthy and should not expect problems in meeting its short term obligations.
AMG's Quick ratio of 1.30 is fine compared to the rest of the industry. AMG outperforms 61.60% of its industry peers.
| 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.
The Earnings Per Share has been growing slightly by 7.59% on average over the past years.
Looking at the last year, AMG shows a small growth in Revenue. The Revenue has grown by 1.13% in the last year.
AMG shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -1.84% yearly.
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
AMG is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 11.49% yearly.
Based on estimates for the next years, AMG will show a small growth in Revenue. The Revenue will grow by 4.96% on average per year.
EPS Next Y24.83%
EPS Next 2Y21.68%
EPS Next 3Y20.84%
EPS Next 5Y11.49%
Revenue Next Year2.17%
Revenue Next 2Y7.28%
Revenue Next 3Y5.97%
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 correctly with a Price/Earnings ratio of 12.45.
Compared to the rest of the industry, the Price/Earnings ratio of AMG indicates a somewhat cheap valuation: AMG is cheaper than 60.76% of the companies listed in the same industry.
AMG is valuated cheaply when we compare the Price/Earnings ratio to 26.38, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 9.16, the valuation of AMG can be described as very reasonable.
Based on the Price/Forward Earnings ratio, AMG is valued a bit cheaper than the industry average as 79.32% of the companies are valued more expensively.
AMG is valuated cheaply when we compare the Price/Forward Earnings ratio to 23.83, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.45 | ||
| Fwd PE | 9.16 |
4.2 Price Multiples
AMG's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. AMG is cheaper than 79.32% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of AMG indicates a somewhat cheap valuation: AMG is cheaper than 75.95% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.44 | ||
| EV/EBITDA | 15.45 |
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.
AMG has a very decent profitability rating, which may justify a higher PE ratio.
AMG's earnings are expected to grow with 20.84% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.5
PEG (5Y)1.64
EPS Next 2Y21.68%
EPS Next 3Y20.84%
5. Dividend
5.1 Amount
With a yearly dividend of 0.01%, AMG is not a good candidate for dividend investing.
AMG's Dividend Yield is slightly below the industry average, which is at 6.13.
Compared to an average S&P500 Dividend Yield of 1.87, AMG's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.01% |
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 2Y21.68%
EPS Next 3Y20.84%
279.09
+4.26 (+1.55%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners98.11%
Inst Owner Change0.65%
Ins Owners3.47%
Ins Owner Change8.7%
Market Cap7.85B
Revenue(TTM)2.04B
Net Income(TTM)531.20M
Analysts86
Price Target329.8 (18.17%)
Short Float %3.17%
Short Ratio2.96
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.01% |
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)7.36%
PT rev (3m)22.63%
EPS NQ rev (1m)2.19%
EPS NQ rev (3m)11.44%
EPS NY rev (1m)3.51%
EPS NY rev (3m)5.79%
Revenue NQ rev (1m)-0.15%
Revenue NQ rev (3m)4.01%
Revenue NY rev (1m)0.24%
Revenue NY rev (3m)0.52%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.45 | ||
| Fwd PE | 9.16 | ||
| P/S | 3.84 | ||
| P/FCF | 8.44 | ||
| P/OCF | 8.39 | ||
| P/B | 2.35 | ||
| P/tB | N/A | ||
| EV/EBITDA | 15.45 |
EPS(TTM)22.41
EY8.03%
EPS(NY)30.47
Fwd EY10.92%
FCF(TTM)33.06
FCFY11.85%
OCF(TTM)33.25
OCFY11.91%
SpS72.6
BVpS118.86
TBVpS-31.57
PEG (NY)0.5
PEG (5Y)1.64
Graham Number244.81
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 | 2.42 |
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 Y24.83%
EPS Next 2Y21.68%
EPS Next 3Y20.84%
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 Year2.17%
Revenue Next 2Y7.28%
Revenue Next 3Y5.97%
Revenue Next 5Y4.96%
EBIT growth 1Y-21.77%
EBIT growth 3Y-9.28%
EBIT growth 5Y-0.89%
EBIT Next Year54.09%
EBIT Next 3Y23.37%
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%.