AFFILIATED MANAGERS GROUP (AMG) Fundamental Analysis & Valuation

NYSE:AMG • US0082521081

Current stock price

268.98 USD
-7.36 (-2.66%)
At close:
268.98 USD
0 (0%)
After Hours:

This AMG fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. AMG Profitability Analysis

1.1 Basic Checks

  • In the past year AMG was profitable.
  • In the past year AMG had a positive cash flow from operations.
  • 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.
AMG Yearly Net Income VS EBIT VS OCF VS FCFAMG Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B

1.2 Ratios

  • AMG's Return On Assets of 7.78% is fine compared to the rest of the industry. AMG outperforms 77.41% of its industry peers.
  • With an excellent Return On Equity value of 22.13%, AMG belongs to the best of the industry, outperforming 85.77% of the companies in the same industry.
  • With a Return On Invested Capital value of 3.78%, AMG perfoms like the industry average, outperforming 52.72% 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 7.28%.
Industry RankSector Rank
ROA 7.78%
ROE 22.13%
ROIC 3.78%
ROA(3y)7%
ROA(5y)8.06%
ROE(3y)18.73%
ROE(5y)22.39%
ROIC(3y)5.85%
ROIC(5y)6.72%
AMG Yearly ROA, ROE, ROICAMG Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30

1.3 Margins

  • Looking at the Profit Margin, with a value of 34.55%, AMG belongs to the top of the industry, outperforming 80.33% of the companies in the same industry.
  • In the last couple of years the Profit Margin of AMG has grown nicely.
  • AMG has a Operating Margin (19.55%) which is in line with its industry peers.
  • AMG's Operating Margin has declined in the last couple of years.
Industry RankSector Rank
OM 19.55%
PM (TTM) 34.55%
GM N/A
OM growth 3Y-16.08%
OM growth 5Y-8.26%
PM growth 3Y-11.11%
PM growth 5Y28.21%
GM growth 3YN/A
GM growth 5YN/A
AMG Yearly Profit, Operating, Gross MarginsAMG Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40

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6

2. AMG Health Analysis

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 has been reduced compared to a year ago.
AMG Yearly Shares OutstandingAMG Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10M 20M 30M 40M 50M
AMG Yearly Total Debt VS Total AssetsAMG Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B

2.2 Solvency

  • AMG has an Altman-Z score of 2.31. 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.
  • The Altman-Z score of AMG (2.31) is better than 71.97% of its industry peers.
  • The Debt to FCF ratio of AMG is 2.77, which is a good value as it means it would take AMG, 2.77 years of fcf income to pay off all of its debts.
  • With a decent Debt to FCF ratio value of 2.77, AMG is doing good in the industry, outperforming 77.82% of the companies in the same industry.
  • AMG has a Debt/Equity ratio of 0.83. This is a neutral value indicating AMG is somewhat dependend on debt financing.
  • AMG has a Debt to Equity ratio of 0.83. This is comparable to the rest of the industry: AMG outperforms 56.90% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.83
Debt/FCF 2.77
Altman-Z 2.31
ROIC/WACCN/A
WACCN/A
AMG Yearly LT Debt VS Equity VS FCFAMG Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B

2.3 Liquidity

  • A Current Ratio of 1.34 indicates that AMG should not have too much problems paying its short term obligations.
  • With a Current ratio value of 1.34, AMG perfoms like the industry average, outperforming 59.83% of the companies in the same industry.
  • A Quick Ratio of 1.34 indicates that AMG should not have too much problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 1.34, AMG is in the better half of the industry, outperforming 60.25% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.34
Quick Ratio 1.34
AMG Yearly Current Assets VS Current LiabilitesAMG Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. AMG Growth Analysis

3.1 Past

  • AMG shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 27.18%, which is quite impressive.
  • The Earnings Per Share has been growing by 14.34% on average over the past years. This is quite good.
  • AMG shows a small growth in Revenue. In the last year, the Revenue has grown by 1.64%.
  • AMG shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 0.46% yearly.
EPS 1Y (TTM)27.18%
EPS 3Y9.07%
EPS 5Y14.34%
EPS Q2Q%65.82%
Revenue 1Y (TTM)1.64%
Revenue growth 3Y-3.79%
Revenue growth 5Y0.46%
Sales Q2Q%6.18%

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 11.50% on average per year.
  • AMG is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.45% yearly.
EPS Next Y22.82%
EPS Next 2Y19.5%
EPS Next 3Y16.92%
EPS Next 5Y11.5%
Revenue Next Year11.25%
Revenue Next 2Y10.7%
Revenue Next 3Y8.86%
Revenue Next 5Y6.45%

3.3 Evolution

  • The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
  • 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.
AMG Yearly Revenue VS EstimatesAMG Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 1B 2B 3B
AMG Yearly EPS VS EstimatesAMG Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 10 20 30 40 50

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7

4. AMG Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 10.28, which indicates a very decent valuation of AMG.
  • 61.51% of the companies in the same industry are more expensive than AMG, based on the Price/Earnings ratio.
  • Compared to an average S&P500 Price/Earnings ratio of 24.88, AMG is valued rather cheaply.
  • With a Price/Forward Earnings ratio of 8.37, the valuation of AMG can be described as very reasonable.
  • 76.15% of the companies in the same industry are more expensive than AMG, based on the Price/Forward Earnings ratio.
  • AMG's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.19.
Industry RankSector Rank
PE 10.28
Fwd PE 8.37
AMG Price Earnings VS Forward Price EarningsAMG Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • 74.90% of the companies in the same industry are more expensive than AMG, based on the Enterprise Value to EBITDA ratio.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of AMG indicates a somewhat cheap valuation: AMG is cheaper than 78.24% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 7.37
EV/EBITDA 16.45
AMG Per share dataAMG EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 50 100

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 16.92% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.45
PEG (5Y)0.72
EPS Next 2Y19.5%
EPS Next 3Y16.92%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

3

5. AMG Dividend Analysis

5.1 Amount

  • AMG has a yearly dividend return of 0.01%, which is pretty low.
  • AMG's Dividend Yield is slightly below the industry average, which is at 6.73.
  • Compared to an average S&P500 Dividend Yield of 1.90, AMG's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.01%

5.2 History

  • The dividend of AMG decreases each year by -34.25%.
  • AMG has paid a dividend for at least 10 years, which is a reliable track record.
  • AMG has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)-34.25%
Div Incr Years0
Div Non Decr Years3
AMG Yearly Dividends per shareAMG Yearly Dividends per shareYearly Dividends per share 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.2 0.4 0.6 0.8 1

5.3 Sustainability

  • 0.14% of the earnings are spent on dividend by AMG. This is a low number and sustainable payout ratio.
DP0.14%
EPS Next 2Y19.5%
EPS Next 3Y16.92%
AMG Yearly Income VS Free CF VS DividendAMG Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B
AMG Dividend Payout.AMG Dividend Payout, showing the Payout Ratio.AMG Dividend Payout.PayoutRetained Earnings

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AMG Fundamentals: All Metrics, Ratios and Statistics

AFFILIATED MANAGERS GROUP

NYSE:AMG (3/27/2026, 8:04:00 PM)

After market: 268.98 0 (0%)

268.98

-7.36 (-2.66%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)02-12
Earnings (Next)05-06
Inst Owners100.07%
Inst Owner Change-3.73%
Ins Owners3%
Ins Owner Change1.88%
Market Cap7.18B
Revenue(TTM)2.07B
Net Income(TTM)716.70M
Analysts86
Price Target418.37 (55.54%)
Short Float %1.93%
Short Ratio1.16
Dividend
Industry RankSector Rank
Dividend Yield 0.01%
Yearly Dividend0.04
Dividend Growth(5Y)-34.25%
DP0.14%
Div Incr Years0
Div Non Decr Years3
Ex-Date02-23
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)4.39%
Min EPS beat(2)2.56%
Max EPS beat(2)6.22%
EPS beat(4)4
Avg EPS beat(4)2.66%
Min EPS beat(4)0.92%
Max EPS beat(4)6.22%
EPS beat(8)6
Avg EPS beat(8)0.65%
EPS beat(12)9
Avg EPS beat(12)2.44%
EPS beat(16)13
Avg EPS beat(16)2.78%
Revenue beat(2)0
Avg Revenue beat(2)-4.27%
Min Revenue beat(2)-4.75%
Max Revenue beat(2)-3.79%
Revenue beat(4)0
Avg Revenue beat(4)-3.76%
Min Revenue beat(4)-4.75%
Max Revenue beat(4)-2.43%
Revenue beat(8)0
Avg Revenue beat(8)-3.7%
Revenue beat(12)1
Avg Revenue beat(12)-3.66%
Revenue beat(16)3
Avg Revenue beat(16)-3.46%
PT rev (1m)4.53%
PT rev (3m)23.61%
EPS NQ rev (1m)3.52%
EPS NQ rev (3m)16.19%
EPS NY rev (1m)5.3%
EPS NY rev (3m)5.5%
Revenue NQ rev (1m)-1%
Revenue NQ rev (3m)-1.79%
Revenue NY rev (1m)-0.51%
Revenue NY rev (3m)-1.13%
Valuation
Industry RankSector Rank
PE 10.28
Fwd PE 8.37
P/S 3.46
P/FCF 7.37
P/OCF 7.33
P/B 2.22
P/tB N/A
EV/EBITDA 16.45
EPS(TTM)26.17
EY9.73%
EPS(NY)32.14
Fwd EY11.95%
FCF(TTM)36.47
FCFY13.56%
OCF(TTM)36.7
OCFY13.64%
SpS77.75
BVpS121.38
TBVpS-34.94
PEG (NY)0.45
PEG (5Y)0.72
Graham Number267.34
Profitability
Industry RankSector Rank
ROA 7.78%
ROE 22.13%
ROCE 4.83%
ROIC 3.78%
ROICexc 4.06%
ROICexgc 9.54%
OM 19.55%
PM (TTM) 34.55%
GM N/A
FCFM 46.91%
ROA(3y)7%
ROA(5y)8.06%
ROE(3y)18.73%
ROE(5y)22.39%
ROIC(3y)5.85%
ROIC(5y)6.72%
ROICexc(3y)6.54%
ROICexc(5y)7.44%
ROICexgc(3y)19.14%
ROICexgc(5y)21.76%
ROCE(3y)7.48%
ROCE(5y)8.59%
ROICexgc growth 3Y-23.01%
ROICexgc growth 5Y-15.19%
ROICexc growth 3Y-19.75%
ROICexc growth 5Y-12.19%
OM growth 3Y-16.08%
OM growth 5Y-8.26%
PM growth 3Y-11.11%
PM growth 5Y28.21%
GM growth 3YN/A
GM growth 5YN/A
F-Score8
Asset Turnover0.23
Health
Industry RankSector Rank
Debt/Equity 0.83
Debt/FCF 2.77
Debt/EBITDA 4.67
Cap/Depr 3.57%
Cap/Sales 0.29%
Interest Coverage 2.94
Cash Conversion 169.94%
Profit Quality 135.78%
Current Ratio 1.34
Quick Ratio 1.34
Altman-Z 2.31
F-Score8
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)10.61%
Cap/Depr(5y)12.96%
Cap/Sales(3y)0.35%
Cap/Sales(5y)0.38%
Profit Quality(3y)148.67%
Profit Quality(5y)151.39%
High Growth Momentum
Growth
EPS 1Y (TTM)27.18%
EPS 3Y9.07%
EPS 5Y14.34%
EPS Q2Q%65.82%
EPS Next Y22.82%
EPS Next 2Y19.5%
EPS Next 3Y16.92%
EPS Next 5Y11.5%
Revenue 1Y (TTM)1.64%
Revenue growth 3Y-3.79%
Revenue growth 5Y0.46%
Sales Q2Q%6.18%
Revenue Next Year11.25%
Revenue Next 2Y10.7%
Revenue Next 3Y8.86%
Revenue Next 5Y6.45%
EBIT growth 1Y-39.15%
EBIT growth 3Y-19.26%
EBIT growth 5Y-7.84%
EBIT Next Year34.8%
EBIT Next 3Y12.6%
EBIT Next 5Y7.97%
FCF growth 1Y4.19%
FCF growth 3Y-2.34%
FCF growth 5Y-0.52%
OCF growth 1Y4.46%
OCF growth 3Y-2.49%
OCF growth 5Y-0.56%

AFFILIATED MANAGERS GROUP / AMG Fundamental Analysis FAQ

What is the ChartMill fundamental rating of AFFILIATED MANAGERS GROUP (AMG) stock?

ChartMill assigns a fundamental rating of 6 / 10 to AMG.


Can you provide the valuation status for AFFILIATED MANAGERS GROUP?

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.


Can you provide the expected EPS growth for AMG stock?

The Earnings per Share (EPS) of AFFILIATED MANAGERS GROUP (AMG) is expected to grow by 22.82% in the next year.


Can you provide the dividend sustainability for AMG stock?

The dividend rating of AFFILIATED MANAGERS GROUP (AMG) is 3 / 10 and the dividend payout ratio is 0.14%.