AFFILIATED MANAGERS GROUP (AMG) Fundamental Analysis & Valuation

NYSE:AMG • US0082521081

285.77 USD
-13.41 (-4.48%)
At close: Mar 6, 2026
284.4 USD
-1.37 (-0.48%)
After Hours: 3/6/2026, 8:04:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

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

Fundamental Rating

6

Overall AMG gets a fundamental rating of 6 out of 10. We evaluated AMG against 238 industry peers in the Capital Markets industry. AMG has only an average score on both its financial health and profitability. AMG scores decently on growth, while it is valued quite cheap. This could make an interesting combination. This makes AMG very considerable for value investing!


Dividend Valuation Growth Profitability Health

6

1. AMG Profitability Analysis

1.1 Basic Checks

  • AMG had positive earnings in the past year.
  • In the past year AMG had a positive cash flow from operations.
  • In the past 5 years AMG has always 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

  • With a decent Return On Assets value of 5.95%, AMG is doing good in the industry, outperforming 74.37% of the companies in the same industry.
  • AMG's Return On Equity of 15.89% is fine compared to the rest of the industry. AMG outperforms 77.31% of its industry peers.
  • With a decent Return On Invested Capital value of 5.15%, AMG is doing good in the industry, outperforming 68.49% of the companies in the same industry.
  • AMG had an Average Return On Invested Capital over the past 3 years of 7.38%. This is in line with the industry average of 7.26%.
Industry RankSector 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%
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

  • AMG has a Profit Margin of 26.01%. This is in the better half of the industry: AMG outperforms 65.13% of its industry peers.
  • In the last couple of years the Profit Margin of AMG has grown nicely.
  • AMG's Operating Margin of 24.87% is in line compared to the rest of the industry. AMG outperforms 51.68% of its industry peers.
  • AMG's Operating Margin has been stable in the last couple of years.
Industry RankSector 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
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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ROAROEROICOperating and Profit MarginShow most profitable peers

6

2. AMG Health Analysis

2.1 Basic Checks

  • The number of shares outstanding for AMG has been reduced compared to 1 year ago.
  • The number of shares outstanding for AMG has been reduced compared to 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 2.50. 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.
  • With a decent Altman-Z score value of 2.50, AMG is doing good in the industry, outperforming 72.27% 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 81.51% 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.
  • AMG's Debt to Equity ratio of 0.71 is in line compared to the rest of the industry. AMG outperforms 58.82% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.71
Debt/FCF 2.55
Altman-Z 2.5
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

  • 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 (1.30) which is comparable to the rest of the industry.
  • 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 has a Quick ratio (1.30) which is in line with its industry peers.
Industry RankSector Rank
Current Ratio 1.3
Quick Ratio 1.3
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

4

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.
  • Measured over the past years, AMG shows a quite strong growth in Earnings Per Share. The EPS has been growing by 14.34% on average per year.
EPS 1Y (TTM)27.18%
EPS 3Y9.07%
EPS 5Y14.34%
EPS Q2Q%65.82%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%6.18%

3.2 Future

  • The Earnings Per Share is expected to grow by 12.51% on average over the next years. This is quite good.
  • AMG is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 8.28% yearly.
EPS Next Y16.64%
EPS Next 2Y18.1%
EPS Next 3Y8.35%
EPS Next 5Y12.51%
Revenue Next Year11.81%
Revenue Next 2Y10.4%
Revenue Next 3Y8.86%
Revenue Next 5Y8.28%

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.
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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Find the best growth stocksShow best growing peers

7

4. AMG Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 10.92, which indicates a very decent valuation of AMG.
  • Compared to the rest of the industry, the Price/Earnings ratio of AMG is on the same level as its industry peers.
  • Compared to an average S&P500 Price/Earnings ratio of 26.29, AMG is valued rather cheaply.
  • With a Price/Forward Earnings ratio of 9.36, the valuation of AMG can be described as very reasonable.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of AMG indicates a somewhat cheap valuation: AMG is cheaper than 70.59% of the companies listed 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 24.57.
Industry RankSector Rank
PE 10.92
Fwd PE 9.36
AMG Price Earnings VS Forward Price EarningsAMG Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • AMG's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. AMG is cheaper than 75.21% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, AMG is valued a bit cheaper than 78.57% of the companies in the same industry.
Industry RankSector Rank
P/FCF 8.64
EV/EBITDA 16.55
AMG Per share dataAMG EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 50 100

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.
  • AMG has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)0.66
PEG (5Y)0.76
EPS Next 2Y18.1%
EPS Next 3Y8.35%

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

3

5. AMG Dividend Analysis

5.1 Amount

  • With a yearly dividend of 0.01%, AMG is not a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 6.33, AMG is paying slightly less dividend.
  • With a Dividend Yield of 0.01, AMG pays less dividend than the S&P500 average, which is at 1.82.
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

  • 0.23% of the earnings are spent on dividend by AMG. This is a low number and sustainable payout ratio.
DP0.23%
EPS Next 2Y18.1%
EPS Next 3Y8.35%
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 (3/6/2026, 8:04:00 PM)

After market: 284.4 -1.37 (-0.48%)

285.77

-13.41 (-4.48%)

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-3.77%
Ins Owners3%
Ins Owner Change5.18%
Market Cap7.62B
Revenue(TTM)N/A
Net Income(TTM)531.20M
Analysts86
Price Target407.66 (42.65%)
Short Float %1.84%
Short Ratio1.11
Dividend
Industry RankSector Rank
Dividend Yield 0.01%
Yearly Dividend0.04
Dividend Growth(5Y)-34.25%
DP0.23%
Div Incr Years0
Div Non Decr Years3
Ex-Date02-23
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)7.1%
PT rev (3m)23.35%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0.79%
EPS NY rev (1m)0%
EPS NY rev (3m)3.89%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.42%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.33%
Valuation
Industry RankSector Rank
PE 10.92
Fwd PE 9.36
P/S 3.94
P/FCF 8.64
P/OCF 8.59
P/B 2.4
P/tB N/A
EV/EBITDA 16.55
EPS(TTM)26.17
EY9.16%
EPS(NY)30.53
Fwd EY10.68%
FCF(TTM)33.06
FCFY11.57%
OCF(TTM)33.25
OCFY11.63%
SpS72.6
BVpS118.86
TBVpS-31.57
PEG (NY)0.66
PEG (5Y)0.76
Graham Number264.55
Profitability
Industry RankSector 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 RankSector 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 2.5
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)27.18%
EPS 3Y9.07%
EPS 5Y14.34%
EPS Q2Q%65.82%
EPS Next Y16.64%
EPS Next 2Y18.1%
EPS Next 3Y8.35%
EPS Next 5Y12.51%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%6.18%
Revenue Next Year11.81%
Revenue Next 2Y10.4%
Revenue Next 3Y8.86%
Revenue Next 5Y8.28%
EBIT growth 1Y-21.77%
EBIT growth 3Y-9.28%
EBIT growth 5Y-0.89%
EBIT Next Year50.17%
EBIT Next 3Y24.85%
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 5 / 10 to AMG.


Can you provide the valuation status for AFFILIATED MANAGERS GROUP?

ChartMill assigns a valuation rating of 6 / 10 to AFFILIATED MANAGERS GROUP (AMG). This can be considered as Fairly Valued.


Can you provide the profitability details for AFFILIATED MANAGERS GROUP?

AFFILIATED MANAGERS GROUP (AMG) has a profitability rating of 5 / 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 16.64% 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 0.23%.