AGF MANAGEMENT LTD-CLASS B (AGF-B.CA) Stock Fundamental Analysis
TSX:AGF-B - Toronto Stock Exchange - CA0010921058 - Common Stock - Currency: CAD
Taking everything into account, AGF-B scores 6 out of 10 in our fundamental rating. AGF-B was compared to 82 industry peers in the Capital Markets industry. While AGF-B belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. AGF-B may be a bit undervalued, certainly considering the very reasonable score on growth AGF-B also has an excellent dividend rating. With these ratings, AGF-B could be worth investigating further for value and dividend investing!.
1. Profitability
1.1 Basic Checks
AGF-B had positive earnings in the past year.
In the past year AGF-B had a positive cash flow from operations.
AGF-B had positive earnings in each of the past 5 years.
AGF-B had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a decent Return On Assets value of 5.80%, AGF-B is doing good in the industry, outperforming 74.39% of the companies in the same industry.
With a decent Return On Equity value of 8.54%, AGF-B is doing good in the industry, outperforming 70.73% of the companies in the same industry.
The Return On Invested Capital of AGF-B (4.82%) is better than 73.17% of its industry peers.
AGF-B had an Average Return On Invested Capital over the past 3 years of 4.73%. This is below the industry average of 7.80%.
The 3 year average ROIC (4.73%) for AGF-B is below the current ROIC(4.82%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.8% | ||
| ROE | 8.54% | ||
| ROIC | 4.82% |
ROA(3y)5.67%
ROA(5y)6.56%
ROE(3y)7.72%
ROE(5y)8.82%
ROIC(3y)4.73%
ROIC(5y)3.69%
1.3 Margins
Looking at the Profit Margin, with a value of 18.97%, AGF-B is in the better half of the industry, outperforming 68.29% of the companies in the same industry.
In the last couple of years the Profit Margin of AGF-B has grown nicely.
The Operating Margin of AGF-B (19.56%) is comparable to the rest of the industry.
AGF-B's Operating Margin has improved in the last couple of years.
With a decent Gross Margin value of 71.91%, AGF-B is doing good in the industry, outperforming 78.05% of the companies in the same industry.
In the last couple of years the Gross Margin of AGF-B has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 19.56% | ||
| PM (TTM) | 18.97% | ||
| GM | 71.91% |
OM growth 3Y35.46%
OM growth 5Y16.16%
PM growth 3Y30.15%
PM growth 5Y10.06%
GM growth 3Y9.65%
GM growth 5Y4.26%
2. Health
2.1 Basic Checks
The number of shares outstanding for AGF-B has been increased compared to 1 year ago.
The number of shares outstanding for AGF-B has been reduced compared to 5 years ago.
Compared to 1 year ago, AGF-B has an improved debt to assets ratio.
2.2 Solvency
AGF-B has an Altman-Z score of 1.98. This is not the best score and indicates that AGF-B is in the grey zone with still only limited risk for bankruptcy at the moment.
The Altman-Z score of AGF-B (1.98) is better than 70.73% of its industry peers.
The Debt to FCF ratio of AGF-B is 1.50, which is an excellent value as it means it would take AGF-B, only 1.50 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of AGF-B (1.50) is better than 76.83% of its industry peers.
AGF-B has a Debt/Equity ratio of 0.14. This is a healthy value indicating a solid balance between debt and equity.
With a decent Debt to Equity ratio value of 0.14, AGF-B is doing good in the industry, outperforming 63.41% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.14 | ||
| Debt/FCF | 1.5 | ||
| Altman-Z | 1.98 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 1.36 indicates that AGF-B should not have too much problems paying its short term obligations.
With a decent Current ratio value of 1.36, AGF-B is doing good in the industry, outperforming 62.20% of the companies in the same industry.
A Quick Ratio of 1.36 indicates that AGF-B should not have too much problems paying its short term obligations.
AGF-B's Quick ratio of 1.36 is fine compared to the rest of the industry. AGF-B outperforms 62.20% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.36 | ||
| Quick Ratio | 1.36 |
3. Growth
3.1 Past
AGF-B shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 6.45%.
The Earnings Per Share has been growing by 19.14% on average over the past years. This is quite good.
Looking at the last year, AGF-B shows a quite strong growth in Revenue. The Revenue has grown by 16.46% in the last year.
Measured over the past years, AGF-B shows a small growth in Revenue. The Revenue has been growing by 4.75% on average per year.
EPS 1Y (TTM)6.45%
EPS 3Y45.98%
EPS 5Y19.14%
EPS Q2Q%-5.88%
Revenue 1Y (TTM)16.46%
Revenue growth 3Y4.05%
Revenue growth 5Y4.75%
Sales Q2Q%19.68%
3.2 Future
AGF-B is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 6.75% yearly.
The Revenue is expected to grow by 4.08% on average over the next years.
EPS Next Y4.38%
EPS Next 2Y0.81%
EPS Next 3Y6.75%
EPS Next 5YN/A
Revenue Next Year3.56%
Revenue Next 2Y2.67%
Revenue Next 3Y4.08%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 7.27, the valuation of AGF-B can be described as very cheap.
Compared to the rest of the industry, the Price/Earnings ratio of AGF-B is on the same level as its industry peers.
The average S&P500 Price/Earnings ratio is at 26.31. AGF-B is valued rather cheaply when compared to this.
Based on the Price/Forward Earnings ratio of 7.02, the valuation of AGF-B can be described as very cheap.
Based on the Price/Forward Earnings ratio, AGF-B is valued a bit cheaper than the industry average as 69.51% of the companies are valued more expensively.
AGF-B is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.13, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.27 | ||
| Fwd PE | 7.02 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, AGF-B is valued cheaply inside the industry as 86.59% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, AGF-B is valued cheaply inside the industry as 82.93% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.88 | ||
| EV/EBITDA | 7.97 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The decent profitability rating of AGF-B may justify a higher PE ratio.
PEG (NY)1.66
PEG (5Y)0.38
EPS Next 2Y0.81%
EPS Next 3Y6.75%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.01%, AGF-B is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 3.22, AGF-B pays a better dividend. On top of this AGF-B pays more dividend than 81.71% of the companies listed in the same industry.
AGF-B's Dividend Yield is rather good when compared to the S&P500 average which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.01% |
5.2 History
On average, the dividend of AGF-B grows each year by 7.13%, which is quite nice.
AGF-B has paid a dividend for at least 10 years, which is a reliable track record.
AGF-B has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)7.13%
Div Incr Years4
Div Non Decr Years8
5.3 Sustainability
29.95% of the earnings are spent on dividend by AGF-B. This is a low number and sustainable payout ratio.
AGF-B's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP29.95%
EPS Next 2Y0.81%
EPS Next 3Y6.75%
TSX:AGF-B (6/13/2025, 7:00:00 PM)
11.99
-0.47 (-3.77%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners13.35%
Inst Owner ChangeN/A
Ins Owners0.52%
Ins Owner ChangeN/A
Market Cap783.91M
Analysts81.43
Price Target13.05 (8.84%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.01% |
Yearly Dividend0.45
Dividend Growth(5Y)7.13%
DP29.95%
Div Incr Years4
Div Non Decr Years8
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)13.81%
Min EPS beat(2)11.55%
Max EPS beat(2)16.07%
EPS beat(4)2
Avg EPS beat(4)6.21%
Min EPS beat(4)-2.03%
Max EPS beat(4)16.07%
EPS beat(8)5
Avg EPS beat(8)13.55%
EPS beat(12)8
Avg EPS beat(12)10.46%
EPS beat(16)11
Avg EPS beat(16)7.55%
Revenue beat(2)1
Avg Revenue beat(2)-5.48%
Min Revenue beat(2)-11.4%
Max Revenue beat(2)0.45%
Revenue beat(4)2
Avg Revenue beat(4)-4.47%
Min Revenue beat(4)-11.4%
Max Revenue beat(4)2.95%
Revenue beat(8)3
Avg Revenue beat(8)-3.72%
Revenue beat(12)3
Avg Revenue beat(12)-4.87%
Revenue beat(16)3
Avg Revenue beat(16)-4.89%
PT rev (1m)1.32%
PT rev (3m)-5.25%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-9.31%
EPS NY rev (1m)0%
EPS NY rev (3m)-1.77%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)2.76%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.98%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.27 | ||
| Fwd PE | 7.02 | ||
| P/S | 1.52 | ||
| P/FCF | 6.88 | ||
| P/OCF | 6.73 | ||
| P/B | 0.68 | ||
| P/tB | 7.85 | ||
| EV/EBITDA | 7.97 |
EPS(TTM)1.65
EY13.76%
EPS(NY)1.71
Fwd EY14.24%
FCF(TTM)1.74
FCFY14.53%
OCF(TTM)1.78
OCFY14.85%
SpS7.9
BVpS17.54
TBVpS1.53
PEG (NY)1.66
PEG (5Y)0.38
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.8% | ||
| ROE | 8.54% | ||
| ROCE | 6.3% | ||
| ROIC | 4.82% | ||
| ROICexc | 5% | ||
| ROICexgc | 15.43% | ||
| OM | 19.56% | ||
| PM (TTM) | 18.97% | ||
| GM | 71.91% | ||
| FCFM | 22.04% |
ROA(3y)5.67%
ROA(5y)6.56%
ROE(3y)7.72%
ROE(5y)8.82%
ROIC(3y)4.73%
ROIC(5y)3.69%
ROICexc(3y)4.94%
ROICexc(5y)3.89%
ROICexgc(3y)19.06%
ROICexgc(5y)16.48%
ROCE(3y)6.18%
ROCE(5y)4.81%
ROICexcg growth 3Y16.59%
ROICexcg growth 5Y13.64%
ROICexc growth 3Y31.27%
ROICexc growth 5Y17.72%
OM growth 3Y35.46%
OM growth 5Y16.16%
PM growth 3Y30.15%
PM growth 5Y10.06%
GM growth 3Y9.65%
GM growth 5Y4.26%
F-Score6
Asset Turnover0.31
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.14 | ||
| Debt/FCF | 1.5 | ||
| Debt/EBITDA | 1.49 | ||
| Cap/Depr | 26.48% | ||
| Cap/Sales | 0.49% | ||
| Interest Coverage | 24.08 | ||
| Cash Conversion | 105.26% | ||
| Profit Quality | 116.24% | ||
| Current Ratio | 1.36 | ||
| Quick Ratio | 1.36 | ||
| Altman-Z | 1.98 |
F-Score6
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)67.14%
Cap/Depr(5y)73.64%
Cap/Sales(3y)1.64%
Cap/Sales(5y)1.76%
Profit Quality(3y)94.38%
Profit Quality(5y)84.46%
High Growth Momentum
Growth
EPS 1Y (TTM)6.45%
EPS 3Y45.98%
EPS 5Y19.14%
EPS Q2Q%-5.88%
EPS Next Y4.38%
EPS Next 2Y0.81%
EPS Next 3Y6.75%
EPS Next 5YN/A
Revenue 1Y (TTM)16.46%
Revenue growth 3Y4.05%
Revenue growth 5Y4.75%
Sales Q2Q%19.68%
Revenue Next Year3.56%
Revenue Next 2Y2.67%
Revenue Next 3Y4.08%
Revenue Next 5YN/A
EBIT growth 1Y11.7%
EBIT growth 3Y40.94%
EBIT growth 5Y21.68%
EBIT Next Year45.26%
EBIT Next 3Y13.66%
EBIT Next 5YN/A
FCF growth 1Y86.32%
FCF growth 3Y48.19%
FCF growth 5Y11.23%
OCF growth 1Y57.3%
OCF growth 3Y33.83%
OCF growth 5Y11.16%