AFFILIATED MANAGERS GROUP (AMG)
US0082521081 - Common Stock
Taking everything into account, AMG scores 6 out of 10 in our fundamental rating. AMG was compared to 220 industry peers in the Capital Markets industry. AMG is in great health and has no worries on liquidiy or solvency at all, but the profibility rating is only average. A decent growth rate in combination with a cheap valuation! Better keep an eye on AMG. These ratings would make AMG suitable 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
Looking at the Return On Assets, with a value of 6.13%, AMG is in the better half of the industry, outperforming 76.96% of the companies in the same industry.
The Return On Equity of AMG (16.45%) is better than 78.34% of its industry peers.
AMG's Return On Invested Capital of 6.37% is fine compared to the rest of the industry. AMG outperforms 72.35% of its industry peers.
The Average Return On Invested Capital over the past 3 years for AMG is in line with the industry average of 7.00%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.13% | ||
| ROE | 16.45% | ||
| ROIC | 6.37% |
ROA(3y)8.9%
ROA(5y)5.89%
ROE(3y)24.84%
ROE(5y)16.47%
ROIC(3y)7.94%
ROIC(5y)7.76%
1.3 Margins
AMG's Profit Margin of 27.02% is fine compared to the rest of the industry. AMG outperforms 65.44% of its industry peers.
AMG's Profit Margin has improved in the last couple of years.
AMG has a Operating Margin (32.15%) which is comparable to the rest of the industry.
AMG's Operating Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 32.15% | ||
| PM (TTM) | 27.02% | ||
| GM | N/A |
OM growth 3Y3.43%
OM growth 5Y0.64%
PM growth 3Y48.56%
PM growth 5Y26.13%
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
Compared to 1 year ago, AMG has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 2.22 indicates that AMG is not a great score, but indicates only limited risk for bankruptcy at the moment.
With a decent Altman-Z score value of 2.22, AMG is doing good in the industry, outperforming 73.73% of the companies in the same industry.
The Debt to FCF ratio of AMG is 2.70, which is a good value as it means it would take AMG, 2.70 years of fcf income to pay off all of its debts.
With an excellent Debt to FCF ratio value of 2.70, AMG belongs to the best of the industry, outperforming 80.18% of the companies in the same industry.
AMG has a Debt/Equity ratio of 0.79. This is a neutral value indicating AMG is somewhat dependend on debt financing.
The Debt to Equity ratio of AMG (0.79) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.79 | ||
| Debt/FCF | 2.7 | ||
| Altman-Z | 2.22 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 2.35 indicates that AMG has no problem at all paying its short term obligations.
AMG has a Current ratio of 2.35. This is in the better half of the industry: AMG outperforms 71.43% of its industry peers.
AMG has a Quick Ratio of 2.35. This indicates that AMG is financially healthy and has no problem in meeting its short term obligations.
AMG has a Quick ratio of 2.35. This is in the better half of the industry: AMG outperforms 71.43% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.35 | ||
| Quick Ratio | 2.35 |
3. Growth
3.1 Past
AMG shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 8.65%, which is quite good.
AMG shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 6.17% yearly.
The Revenue has decreased by -3.61% in the past year.
Measured over the past years, AMG shows a decrease in Revenue. The Revenue has been decreasing by -2.85% on average per year.
EPS 1Y (TTM)8.65%
EPS 3Y13.48%
EPS 5Y6.17%
EPS Q2Q%18.14%
Revenue 1Y (TTM)-3.61%
Revenue growth 3Y0.5%
Revenue growth 5Y-2.85%
Sales Q2Q%-1.68%
3.2 Future
The Earnings Per Share is expected to grow by 8.36% on average over the next years. This is quite good.
Based on estimates for the next years, AMG will show a small growth in Revenue. The Revenue will grow by 0.13% on average per year.
EPS Next Y7.75%
EPS Next 2Y10.07%
EPS Next 3Y12.53%
EPS Next 5Y8.36%
Revenue Next Year-1.38%
Revenue Next 2Y2.12%
Revenue Next 3Y3.23%
Revenue Next 5Y0.13%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 8.40, the valuation of AMG can be described as very reasonable.
Based on the Price/Earnings ratio, AMG is valued a bit cheaper than 77.88% of the companies in the same industry.
AMG's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.73.
AMG is valuated cheaply with a Price/Forward Earnings ratio of 7.70.
AMG's Price/Forward Earnings ratio is rather cheap when compared to the industry. AMG is cheaper than 87.10% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of AMG to the average of the S&P500 Index (22.83), we can say AMG is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.4 | ||
| Fwd PE | 7.7 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of AMG indicates a rather cheap valuation: AMG is cheaper than 86.64% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, AMG is valued cheaply inside the industry as 80.18% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.68 | ||
| EV/EBITDA | 10.14 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
AMG has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as AMG's earnings are expected to grow with 12.53% in the coming years.
PEG (NY)1.08
PEG (5Y)1.36
EPS Next 2Y10.07%
EPS Next 3Y12.53%
5. Dividend
5.1 Amount
With a yearly dividend of 0.02%, AMG is not a good candidate for dividend investing.
With a Dividend Yield of 0.02, AMG pays less dividend than the industry average, which is at 9.13. 81.11% of the companies listed in the same industry pay a better dividend than AMG!
Compared to an average S&P500 Dividend Yield of 2.24, AMG's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.02% |
5.2 History
The dividend of AMG decreases each year by -47.60%.
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)-47.6%
Div Incr Years0
Div Non Decr Years3
5.3 Sustainability
0.24% of the earnings are spent on dividend by AMG. This is a low number and sustainable payout ratio.
DP0.24%
EPS Next 2Y10.07%
EPS Next 3Y12.53%
AFFILIATED MANAGERS GROUP
NYSE:AMG (12/20/2024, 8:04:00 PM)
After market: 182.53 0 (0%)182.53
+2.99 (+1.67%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners96.43%
Inst Owner Change1.64%
Ins Owners4.43%
Ins Owner Change9.47%
Market Cap5.52B
Analysts80
Price Target199.75 (9.43%)
Short Float %1.47%
Short Ratio2.34
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.02% |
Dividend Growth(5Y)-47.6%
DP0.24%
Div Incr Years0
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-0.5%
Min EPS beat(2)-1.4%
Max EPS beat(2)0.4%
EPS beat(4)3
Avg EPS beat(4)3.36%
Min EPS beat(4)-1.4%
Max EPS beat(4)12.85%
EPS beat(8)6
Avg EPS beat(8)3.35%
EPS beat(12)10
Avg EPS beat(12)3.66%
EPS beat(16)13
Avg EPS beat(16)3.83%
Revenue beat(2)0
Avg Revenue beat(2)-3.2%
Min Revenue beat(2)-4.38%
Max Revenue beat(2)-2.03%
Revenue beat(4)0
Avg Revenue beat(4)-4.4%
Min Revenue beat(4)-6%
Max Revenue beat(4)-2.03%
Revenue beat(8)1
Avg Revenue beat(8)-4.51%
Revenue beat(12)4
Avg Revenue beat(12)-2.39%
Revenue beat(16)6
Avg Revenue beat(16)-1.44%
PT rev (1m)-7.84%
PT rev (3m)-5.09%
EPS NQ rev (1m)-7.67%
EPS NQ rev (3m)-14.83%
EPS NY rev (1m)-2.08%
EPS NY rev (3m)-5.44%
Revenue NQ rev (1m)-0.11%
Revenue NQ rev (3m)-0.2%
Revenue NY rev (1m)0.19%
Revenue NY rev (3m)0.24%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.4 | ||
| Fwd PE | 7.7 | ||
| P/S | 2.73 | ||
| P/FCF | 5.68 | ||
| P/OCF | 5.63 | ||
| P/B | 1.66 | ||
| P/tB | N/A | ||
| EV/EBITDA | 10.14 |
EPS(TTM)21.72
EY11.9%
EPS(NY)23.71
Fwd EY12.99%
FCF(TTM)32.15
FCFY17.61%
OCF(TTM)32.41
OCFY17.76%
SpS66.79
BVpS109.7
TBVpS-33.83
PEG (NY)1.08
PEG (5Y)1.36
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.13% | ||
| ROE | 16.45% | ||
| ROCE | 7.84% | ||
| ROIC | 6.37% | ||
| ROICexc | 7.26% | ||
| ROICexgc | 19.98% | ||
| OM | 32.15% | ||
| PM (TTM) | 27.02% | ||
| GM | N/A | ||
| FCFM | 48.13% |
ROA(3y)8.9%
ROA(5y)5.89%
ROE(3y)24.84%
ROE(5y)16.47%
ROIC(3y)7.94%
ROIC(5y)7.76%
ROICexc(3y)8.74%
ROICexc(5y)8.61%
ROICexgc(3y)25.48%
ROICexgc(5y)24.64%
ROCE(3y)9.77%
ROCE(5y)9.55%
ROICexcg growth 3Y0.78%
ROICexcg growth 5Y1.25%
ROICexc growth 3Y-0.47%
ROICexc growth 5Y-2.47%
OM growth 3Y3.43%
OM growth 5Y0.64%
PM growth 3Y48.56%
PM growth 5Y26.13%
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0.23
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.79 | ||
| Debt/FCF | 2.7 | ||
| Debt/EBITDA | 3.77 | ||
| Cap/Depr | 18% | ||
| Cap/Sales | 0.4% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 141.16% | ||
| Profit Quality | 178.15% | ||
| Current Ratio | 2.35 | ||
| Quick Ratio | 2.35 | ||
| Altman-Z | 2.22 |
F-Score5
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)17.73%
Cap/Depr(5y)12.86%
Cap/Sales(3y)0.48%
Cap/Sales(5y)0.46%
Profit Quality(3y)146.19%
Profit Quality(5y)1351.97%
High Growth Momentum
Growth
EPS 1Y (TTM)8.65%
EPS 3Y13.48%
EPS 5Y6.17%
EPS Q2Q%18.14%
EPS Next Y7.75%
EPS Next 2Y10.07%
EPS Next 3Y12.53%
EPS Next 5Y8.36%
Revenue 1Y (TTM)-3.61%
Revenue growth 3Y0.5%
Revenue growth 5Y-2.85%
Sales Q2Q%-1.68%
Revenue Next Year-1.38%
Revenue Next 2Y2.12%
Revenue Next 3Y3.23%
Revenue Next 5Y0.13%
EBIT growth 1Y-0.43%
EBIT growth 3Y3.94%
EBIT growth 5Y-2.24%
EBIT Next Year32.21%
EBIT Next 3Y13.69%
EBIT Next 5Y4.69%
FCF growth 1Y-14.98%
FCF growth 3Y-4.9%
FCF growth 5Y-5.15%
OCF growth 1Y-15.2%
OCF growth 3Y-4.71%
OCF growth 5Y-5.19%