AFFILIATED MANAGERS GROUP (AMG) Stock Fundamental Analysis
USA - NYSE:AMG - US0082521081 - Common Stock
251.44 USD
-5.12 (-2%)
251.44 USD
0 (0%)
We assign a fundamental rating of 5 out of 10 to AMG. AMG was compared to 237 industry peers in the Capital Markets industry. AMG has an average financial health and profitability rating. AMG may be a bit undervalued, certainly considering the very reasonable score on growth These ratings could make AMG a good candidate 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.
Each year in the past 5 years AMG had a positive operating cash flow.
1.2 Ratios
AMG has a better Return On Assets (5.02%) than 69.20% of its industry peers.
AMG has a Return On Equity of 13.66%. This is in the better half of the industry: AMG outperforms 72.57% of its industry peers.
With a decent Return On Invested Capital value of 5.35%, AMG is doing good in the industry, outperforming 66.67% 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 7.63%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.02% | ||
| ROE | 13.66% | ||
| ROIC | 5.35% |
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 Profit Margin value of 21.79%, AMG perfoms like the industry average, outperforming 58.23% of the companies in the same industry.
AMG's Profit Margin has improved in the last couple of years.
AMG has a Operating Margin of 26.22%. This is comparable to the rest of the industry: AMG outperforms 49.79% of its industry peers.
AMG's Operating Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 26.22% | ||
| PM (TTM) | 21.79% | ||
| 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.
Compared to 5 years ago, AMG has less shares outstanding
The debt/assets ratio for AMG is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 2.37 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 2.37, AMG is doing good in the industry, outperforming 72.15% of the companies in the same industry.
AMG has a debt to FCF ratio of 2.84. This is a good value and a sign of high solvency as AMG would need 2.84 years to pay back of all of its debts.
AMG's Debt to FCF ratio of 2.84 is amongst the best of the industry. AMG outperforms 82.28% of its industry peers.
A Debt/Equity ratio of 0.81 indicates that AMG is somewhat dependend on debt financing.
AMG has a Debt to Equity ratio (0.81) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.81 | ||
| Debt/FCF | 2.84 | ||
| Altman-Z | 2.37 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
AMG has a Current Ratio of 1.35. This is a normal value and indicates that AMG is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of AMG (1.35) is better than 60.34% of its industry peers.
AMG has a Quick Ratio of 1.35. 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 1.35, AMG is doing good in the industry, outperforming 60.76% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.35 | ||
| Quick Ratio | 1.35 |
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%.
AMG shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 7.59% yearly.
The Revenue has decreased by -0.82% in the past 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)-0.82%
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.
The Revenue is expected to grow by 4.96% on average over the next years.
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
Based on the Price/Earnings ratio of 11.22, the valuation of AMG can be described as reasonable.
Based on the Price/Earnings ratio, AMG is valued a bit cheaper than 64.56% of the companies in the same industry.
AMG is valuated cheaply when we compare the Price/Earnings ratio to 26.03, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 8.64, which indicates a very decent valuation of AMG.
Based on the Price/Forward Earnings ratio, AMG is valued a bit cheaper than 78.48% of the companies in the same industry.
AMG's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.27.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.22 | ||
| Fwd PE | 8.64 |
4.2 Price Multiples
AMG's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. AMG is cheaper than 80.17% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, AMG is valued a bit cheaper than the industry average as 77.22% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.73 | ||
| EV/EBITDA | 14.71 |
4.3 Compensation for Growth
AMG's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as AMG's earnings are expected to grow with 17.85% in the coming years.
PEG (NY)0.54
PEG (5Y)1.48
EPS Next 2Y18.91%
EPS Next 3Y17.85%
5. Dividend
5.1 Amount
With a yearly dividend of 0.02%, AMG is not a good candidate for dividend investing.
AMG's Dividend Yield is slightly below the industry average, which is at 8.50.
With a Dividend Yield of 0.02, AMG pays less dividend than the S&P500 average, which is at 2.38.
| 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
0.27% of the earnings are spent on dividend by AMG. This is a low number and sustainable payout ratio.
DP0.27%
EPS Next 2Y18.91%
EPS Next 3Y17.85%
251.44
-5.12 (-2%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners96.83%
Inst Owner Change-0.83%
Ins Owners3.45%
Ins Owner Change9.5%
Market Cap7.14B
Revenue(TTM)2.04B
Net Income(TTM)442.40M
Analysts86
Price Target307.19 (22.17%)
Short Float %2.16%
Short Ratio2.92
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.02% |
Yearly Dividend0.04
Dividend Growth(5Y)-47.48%
DP0.27%
Div Incr Years0
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)0.93%
Min EPS beat(2)0.92%
Max EPS beat(2)0.95%
EPS beat(4)2
Avg EPS beat(4)-1.39%
Min EPS beat(4)-6.04%
Max EPS beat(4)0.95%
EPS beat(8)6
Avg EPS beat(8)2.11%
EPS beat(12)9
Avg EPS beat(12)2.39%
EPS beat(16)13
Avg EPS beat(16)2.56%
Revenue beat(2)0
Avg Revenue beat(2)-3.24%
Min Revenue beat(2)-4.06%
Max Revenue beat(2)-2.43%
Revenue beat(4)0
Avg Revenue beat(4)-2.67%
Min Revenue beat(4)-4.06%
Max Revenue beat(4)-2.03%
Revenue beat(8)1
Avg Revenue beat(8)-3.02%
Revenue beat(12)2
Avg Revenue beat(12)-3.46%
Revenue beat(16)4
Avg Revenue beat(16)-2.53%
PT rev (1m)14.22%
PT rev (3m)37.1%
EPS NQ rev (1m)1.61%
EPS NQ rev (3m)6.17%
EPS NY rev (1m)1.47%
EPS NY rev (3m)4.95%
Revenue NQ rev (1m)-0.33%
Revenue NQ rev (3m)2.82%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.43%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.22 | ||
| Fwd PE | 8.64 | ||
| P/S | 3.52 | ||
| P/FCF | 7.73 | ||
| P/OCF | 7.69 | ||
| P/B | 2.21 | ||
| P/tB | N/A | ||
| EV/EBITDA | 14.71 |
EPS(TTM)22.41
EY8.91%
EPS(NY)29.09
Fwd EY11.57%
FCF(TTM)32.51
FCFY12.93%
OCF(TTM)32.68
OCFY13%
SpS71.47
BVpS114
TBVpS-35.73
PEG (NY)0.54
PEG (5Y)1.48
Graham Number239.75
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.02% | ||
| ROE | 13.66% | ||
| ROCE | 6.56% | ||
| ROIC | 5.35% | ||
| ROICexc | 5.6% | ||
| ROICexgc | 13.59% | ||
| OM | 26.22% | ||
| PM (TTM) | 21.79% | ||
| GM | N/A | ||
| FCFM | 45.49% |
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-Score5
Asset Turnover0.23
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.81 | ||
| Debt/FCF | 2.84 | ||
| Debt/EBITDA | 4.04 | ||
| Cap/Depr | 4.11% | ||
| Cap/Sales | 0.24% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 143.05% | ||
| Profit Quality | 208.77% | ||
| Current Ratio | 1.35 | ||
| Quick Ratio | 1.35 | ||
| Altman-Z | 2.37 |
F-Score5
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)-0.82%
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-20.75%
EBIT growth 3Y-9.28%
EBIT growth 5Y-0.89%
EBIT Next Year41.77%
EBIT Next 3Y17.15%
EBIT Next 5Y10.34%
FCF growth 1Y6.82%
FCF growth 3Y-9.09%
FCF growth 5Y0.41%
OCF growth 1Y6.24%
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 5 / 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 5 / 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 0.27%.