AFFILIATED MANAGERS GROUP (AMG) Stock Fundamental Analysis
NYSE:AMG - New York Stock Exchange, Inc. - US0082521081 - Common Stock - Currency: USD
AMG gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 233 industry peers in the Capital Markets industry. AMG has an average financial health and profitability rating. AMG has a bad growth rate and is valued cheaply. With these ratings, AMG could be worth investigating further for value investing!.
1. Profitability
1.1 Basic Checks
In the past year AMG was profitable.
AMG had a positive operating cash flow in the past year.
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
Looking at the Return On Assets, with a value of 4.98%, AMG is in the better half of the industry, outperforming 68.67% of the companies in the same industry.
AMG has a Return On Equity of 13.62%. This is in the better half of the industry: AMG outperforms 73.82% of its industry peers.
Looking at the Return On Invested Capital, with a value of 6.00%, AMG is in the better half of the industry, outperforming 69.53% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for AMG is in line with the industry average of 7.84%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.98% | ||
| ROE | 13.62% | ||
| ROIC | 6% |
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
AMG's Profit Margin of 21.30% is fine compared to the rest of the industry. AMG outperforms 63.09% of its industry peers.
In the last couple of years the Profit Margin of AMG has grown nicely.
AMG has a Operating Margin of 29.04%. This is comparable to the rest of the industry: AMG outperforms 52.36% of its industry peers.
AMG's Operating Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 29.04% | ||
| PM (TTM) | 21.3% | ||
| 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
AMG has less shares outstanding than it did 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 2.29 indicates that AMG is not a great score, but indicates only limited risk for bankruptcy at the moment.
AMG has a Altman-Z score of 2.29. This is in the better half of the industry: AMG outperforms 70.82% of its industry peers.
AMG has a debt to FCF ratio of 2.79. This is a good value and a sign of high solvency as AMG would need 2.79 years to pay back of all of its debts.
AMG has a better Debt to FCF ratio (2.79) than 78.54% of its industry peers.
A Debt/Equity ratio of 0.82 indicates that AMG is somewhat dependend on debt financing.
AMG has a Debt to Equity ratio (0.82) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.82 | ||
| Debt/FCF | 2.79 | ||
| Altman-Z | 2.29 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
AMG has a Current Ratio of 2.10. This indicates that AMG is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 2.10, AMG is in the better half of the industry, outperforming 69.96% of the companies in the same industry.
A Quick Ratio of 2.10 indicates that AMG has no problem at all paying its short term obligations.
AMG has a Quick ratio of 2.10. This is in the better half of the industry: AMG outperforms 69.96% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.1 | ||
| Quick Ratio | 2.1 |
3. Growth
3.1 Past
The earnings per share for AMG have decreased by -1.70% in the last year.
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 -0.13% in the past year.
AMG shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -1.84% yearly.
EPS 1Y (TTM)-1.7%
EPS 3Y3.78%
EPS 5Y7.59%
EPS Q2Q%-3.17%
Revenue 1Y (TTM)-0.13%
Revenue growth 3Y-5.42%
Revenue growth 5Y-1.84%
Sales Q2Q%-0.66%
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 11.96% yearly.
Based on estimates for the next years, AMG will show a small growth in Revenue. The Revenue will grow by 1.93% on average per year.
EPS Next Y13.91%
EPS Next 2Y13.32%
EPS Next 3Y13.36%
EPS Next 5Y11.96%
Revenue Next Year0.82%
Revenue Next 2Y2.1%
Revenue Next 3Y0.85%
Revenue Next 5Y1.93%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better 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.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 9.84, the valuation of AMG can be described as very reasonable.
Based on the Price/Earnings ratio, AMG is valued a bit cheaper than the industry average as 75.54% of the companies are valued more expensively.
AMG is valuated cheaply when we compare the Price/Earnings ratio to 27.21, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 7.60, the valuation of AMG can be described as very cheap.
89.27% of the companies in the same industry are more expensive than AMG, based on the Price/Forward Earnings ratio.
AMG is valuated cheaply when we compare the Price/Forward Earnings ratio to 21.70, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.84 | ||
| Fwd PE | 7.6 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of AMG indicates a rather cheap valuation: AMG is cheaper than 87.55% of the companies listed in the same industry.
81.12% of the companies in the same industry are more expensive than AMG, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.08 | ||
| EV/EBITDA | 10.5 |
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.
The decent profitability rating of AMG may justify a higher PE ratio.
A more expensive valuation may be justified as AMG's earnings are expected to grow with 13.36% in the coming years.
PEG (NY)0.71
PEG (5Y)1.3
EPS Next 2Y13.32%
EPS Next 3Y13.36%
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 8.00.
Compared to an average S&P500 Dividend Yield of 2.42, AMG's dividend is way lower than the S&P500 average.
| 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
0.32% of the earnings are spent on dividend by AMG. This is a low number and sustainable payout ratio.
DP0.32%
EPS Next 2Y13.32%
EPS Next 3Y13.36%
NYSE:AMG (7/2/2025, 3:41:06 PM)
200.8
+2.08 (+1.05%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners95.29%
Inst Owner Change-2.19%
Ins Owners3.07%
Ins Owner Change5.09%
Market Cap5.71B
Analysts78
Price Target204.85 (2.02%)
Short Float %2.87%
Short Ratio3.44
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.02% |
Yearly Dividend0.04
Dividend Growth(5Y)-47.48%
DP0.32%
Div Incr Years0
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-2.56%
Min EPS beat(2)-6.04%
Max EPS beat(2)0.92%
EPS beat(4)2
Avg EPS beat(4)-1.53%
Min EPS beat(4)-6.04%
Max EPS beat(4)0.92%
EPS beat(8)6
Avg EPS beat(8)2.51%
EPS beat(12)9
Avg EPS beat(12)2.4%
EPS beat(16)13
Avg EPS beat(16)2.73%
Revenue beat(2)0
Avg Revenue beat(2)-2.3%
Min Revenue beat(2)-2.43%
Max Revenue beat(2)-2.17%
Revenue beat(4)0
Avg Revenue beat(4)-2.75%
Min Revenue beat(4)-4.38%
Max Revenue beat(4)-2.03%
Revenue beat(8)1
Avg Revenue beat(8)-3.28%
Revenue beat(12)3
Avg Revenue beat(12)-2.81%
Revenue beat(16)5
Avg Revenue beat(16)-2.12%
PT rev (1m)7.4%
PT rev (3m)-1.95%
EPS NQ rev (1m)1.29%
EPS NQ rev (3m)0.9%
EPS NY rev (1m)1.66%
EPS NY rev (3m)1.59%
Revenue NQ rev (1m)-1.53%
Revenue NQ rev (3m)-2.07%
Revenue NY rev (1m)-1.28%
Revenue NY rev (3m)-1.97%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.84 | ||
| Fwd PE | 7.6 | ||
| P/S | 2.8 | ||
| P/FCF | 6.08 | ||
| P/OCF | 6.05 | ||
| P/B | 1.79 | ||
| P/tB | N/A | ||
| EV/EBITDA | 10.5 |
EPS(TTM)20.41
EY10.16%
EPS(NY)26.42
Fwd EY13.16%
FCF(TTM)33.03
FCFY16.45%
OCF(TTM)33.17
OCFY16.52%
SpS71.67
BVpS112.14
TBVpS-36.17
PEG (NY)0.71
PEG (5Y)1.3
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.98% | ||
| ROE | 13.62% | ||
| ROCE | 7.35% | ||
| ROIC | 6% | ||
| ROICexc | 6.68% | ||
| ROICexgc | 17.72% | ||
| OM | 29.04% | ||
| PM (TTM) | 21.3% | ||
| GM | N/A | ||
| FCFM | 46.09% |
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%
ROICexcg growth 3Y-5.55%
ROICexcg 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 | 0.82 | ||
| Debt/FCF | 2.79 | ||
| Debt/EBITDA | 3.69 | ||
| Cap/Depr | 3.38% | ||
| Cap/Sales | 0.2% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 132.85% | ||
| Profit Quality | 216.33% | ||
| Current Ratio | 2.1 | ||
| Quick Ratio | 2.1 | ||
| Altman-Z | 2.29 |
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)-1.7%
EPS 3Y3.78%
EPS 5Y7.59%
EPS Q2Q%-3.17%
EPS Next Y13.91%
EPS Next 2Y13.32%
EPS Next 3Y13.36%
EPS Next 5Y11.96%
Revenue 1Y (TTM)-0.13%
Revenue growth 3Y-5.42%
Revenue growth 5Y-1.84%
Sales Q2Q%-0.66%
Revenue Next Year0.82%
Revenue Next 2Y2.1%
Revenue Next 3Y0.85%
Revenue Next 5Y1.93%
EBIT growth 1Y-11.17%
EBIT growth 3Y-9.28%
EBIT growth 5Y-0.89%
EBIT Next Year40.92%
EBIT Next 3Y16.76%
EBIT Next 5Y7.14%
FCF growth 1Y-17%
FCF growth 3Y-9.09%
FCF growth 5Y0.41%
OCF growth 1Y-17.34%
OCF growth 3Y-9.19%
OCF growth 5Y0.28%