AFFILIATED MANAGERS GROUP (AMG) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:AMG - US0082521081 - Common Stock
263.23 USD
+6.36 (+2.48%)
263.23 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 an average financial health and profitability rating. 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.
In the past year AMG had a positive cash flow from operations.
Each year in the past 5 years AMG has been profitable.
AMG had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 5.95%, AMG is in the better half of the industry, outperforming 75.11% of the companies in the same industry.
The Return On Equity of AMG (15.89%) is better than 78.48% of its industry peers.
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.
The Average Return On Invested Capital over the past 3 years for AMG is in line with the industry average of 6.95%.
| 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
Looking at the Profit Margin, with a value of 26.01%, AMG is in the better half of the industry, outperforming 64.98% of the companies in the same industry.
In the last couple of years the Profit Margin of AMG has grown nicely.
The Operating Margin of AMG (24.87%) is comparable to the rest of the 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.
The debt/assets ratio for AMG is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 2.38 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 2.38, AMG is doing good in the industry, outperforming 72.57% of the companies in the same industry.
AMG has a debt to FCF ratio of 2.55. This is a good value and a sign of high solvency as AMG would need 2.55 years to pay back of all of its debts.
The Debt to FCF ratio of AMG (2.55) is better than 80.59% of its industry peers.
A Debt/Equity ratio of 0.71 indicates that AMG is somewhat dependend on debt financing.
The Debt to Equity ratio of AMG (0.71) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.71 | ||
| Debt/FCF | 2.55 | ||
| Altman-Z | 2.38 |
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 better Current ratio (1.30) than 60.34% 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.
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
AMG shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 3.16%.
Measured over the past 5 years, AMG shows a small growth in Earnings Per Share. The EPS has been growing by 7.59% on average per year.
Looking at the last year, AMG shows a small growth in Revenue. The Revenue has grown by 1.13% in the last year.
The Revenue has been decreasing by -1.84% on average over the past years.
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
The Earnings Per Share is expected to grow by 11.49% on average over the next years. This is quite good.
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
With a Price/Earnings ratio of 11.75, the valuation of AMG can be described as very reasonable.
Based on the Price/Earnings ratio, AMG is valued a bit cheaper than 63.71% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 25.47, AMG is valued rather cheaply.
The Price/Forward Earnings ratio is 9.05, which indicates a very decent valuation of AMG.
AMG's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. AMG is cheaper than 77.64% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 34.42. AMG is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.75 | ||
| Fwd PE | 9.05 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of AMG indicates a somewhat cheap valuation: AMG is cheaper than 79.75% of the companies listed in the same industry.
AMG's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. AMG is cheaper than 75.95% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.04 | ||
| EV/EBITDA | 14.76 |
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.
A more expensive valuation may be justified as AMG's earnings are expected to grow with 17.85% in the coming years.
PEG (NY)0.57
PEG (5Y)1.55
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%
263.23
+6.36 (+2.48%)
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 Cap7.48B
Revenue(TTM)2.04B
Net Income(TTM)531.20M
Analysts86
Price Target330.48 (25.55%)
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 | 11.75 | ||
| Fwd PE | 9.05 | ||
| P/S | 3.66 | ||
| P/FCF | 8.04 | ||
| P/OCF | 8 | ||
| P/B | 2.24 | ||
| P/tB | N/A | ||
| EV/EBITDA | 14.76 |
EPS(TTM)22.41
EY8.51%
EPS(NY)29.09
Fwd EY11.05%
FCF(TTM)32.74
FCFY12.44%
OCF(TTM)32.92
OCFY12.51%
SpS71.88
BVpS117.68
TBVpS-31.26
PEG (NY)0.57
PEG (5Y)1.55
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 | 2.38 |
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%.