AFFILIATED MANAGERS GROUP (AMG)
US0082521081 - Common Stock
AMG gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 222 industry peers in the Capital Markets industry. AMG is in great health and has no worries on liquidiy or solvency at all, but the profibility rating is only average. 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.
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.
1.2 Ratios
AMG has a better Return On Assets (7.63%) than 76.39% of its industry peers.
The Return On Equity of AMG (19.17%) is better than 84.72% of its industry peers.
AMG has a Return On Invested Capital of 6.45%. This is in the better half of the industry: AMG outperforms 71.76% of its industry peers.
AMG had an Average Return On Invested Capital over the past 3 years of 7.94%. This is in line with the industry average of 7.96%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.63% | ||
| ROE | 19.17% | ||
| ROIC | 6.45% |
ROA(3y)8.9%
ROA(5y)5.89%
ROE(3y)24.84%
ROE(5y)16.47%
ROIC(3y)7.94%
ROIC(5y)7.76%
1.3 Margins
AMG's Profit Margin of 33.73% is fine compared to the rest of the industry. AMG outperforms 69.44% of its industry peers.
In the last couple of years the Profit Margin of AMG has grown nicely.
AMG has a Operating Margin of 32.65%. This is comparable to the rest of the industry: AMG outperforms 54.63% of its industry peers.
In the last couple of years the Operating Margin of AMG has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 32.65% | ||
| PM (TTM) | 33.73% | ||
| GM | N/A |
OM growth 3Y3.43%
OM growth 5Y0.64%
PM growth 3Y48.56%
PM growth 5Y26.13%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
Compared to 1 year ago, AMG has less shares outstanding
AMG has less shares outstanding than it did 5 years ago.
AMG has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.19 indicates that AMG is not a great score, but indicates only limited risk for bankruptcy at the moment.
AMG's Altman-Z score of 2.19 is fine compared to the rest of the industry. AMG outperforms 72.69% of its industry peers.
AMG has a debt to FCF ratio of 3.01. This is a good value and a sign of high solvency as AMG would need 3.01 years to pay back of all of its debts.
The Debt to FCF ratio of AMG (3.01) is better than 70.83% of its industry peers.
A Debt/Equity ratio of 0.70 indicates that AMG is somewhat dependend on debt financing.
With a decent Debt to Equity ratio value of 0.70, AMG is doing good in the industry, outperforming 61.57% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.7 | ||
| Debt/FCF | 3.01 | ||
| Altman-Z | 2.19 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 2.08 indicates that AMG has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 2.08, AMG is in the better half of the industry, outperforming 68.98% of the companies in the same industry.
A Quick Ratio of 2.08 indicates that AMG has no problem at all paying its short term obligations.
Looking at the Quick ratio, with a value of 2.08, AMG is in the better half of the industry, outperforming 68.98% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.08 | ||
| Quick Ratio | 2.08 |
3. Growth
3.1 Past
AMG shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 5.38%.
Measured over the past 5 years, AMG shows a small growth in Earnings Per Share. The EPS has been growing by 6.17% on average per year.
The Revenue has decreased by -8.91% in the past year.
The Revenue has been decreasing by -2.85% on average over the past years.
EPS 1Y (TTM)5.38%
EPS 3Y13.48%
EPS 5Y6.17%
EPS Q2Q%28.47%
Revenue 1Y (TTM)-8.91%
Revenue growth 3Y0.5%
Revenue growth 5Y-2.85%
Sales Q2Q%-3.38%
3.2 Future
Based on estimates for the next years, AMG will show a small growth in Earnings Per Share. The EPS will grow by 6.20% on average per year.
The Revenue is expected to decrease by -1.20% on average over the next years.
EPS Next Y11.92%
EPS Next 2Y12.56%
EPS Next 3Y9.99%
EPS Next 5Y6.2%
Revenue Next Year0%
Revenue Next 2Y1.58%
Revenue Next 3Y-0.45%
Revenue Next 5Y-1.2%
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.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 8.53, the valuation of AMG can be described as reasonable.
Compared to the rest of the industry, the Price/Earnings ratio of AMG indicates a somewhat cheap valuation: AMG is cheaper than 77.31% of the companies listed in the same industry.
AMG is valuated cheaply when we compare the Price/Earnings ratio to 24.41, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 7.14 indicates a rather cheap valuation of AMG.
Compared to the rest of the industry, the Price/Forward Earnings ratio of AMG indicates a rather cheap valuation: AMG is cheaper than 88.89% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 20.59, AMG is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.53 | ||
| Fwd PE | 7.14 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, AMG is valued cheaper than 85.19% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, AMG is valued a bit cheaper than 79.63% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.72 | ||
| EV/EBITDA | 10.07 |
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.
PEG (NY)0.72
PEG (5Y)1.38
EPS Next 2Y12.56%
EPS Next 3Y9.99%
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 7.46.
Compared to an average S&P500 Dividend Yield of 2.30, 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 -47.60%.
AMG has been paying a dividend for over 5 years, so it has already some track record.
The dividend of AMG decreased in the last 3 years.
Dividend Growth(5Y)-47.6%
Div Incr Years0
Div Non Decr Years2
5.3 Sustainability
AMG pays out 0.20% of its income as dividend. This is a sustainable payout ratio.
DP0.2%
EPS Next 2Y12.56%
EPS Next 3Y9.99%
AFFILIATED MANAGERS GROUP
NYSE:AMG (7/26/2024, 7:16:15 PM)
After market: 177.02 0 (0%)177.02
+3.22 (+1.85%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap5.64B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.02% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.53 | ||
| Fwd PE | 7.14 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)0.72
PEG (5Y)1.38
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.63% | ||
| ROE | 19.17% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 32.65% | ||
| PM (TTM) | 33.73% | ||
| GM | N/A | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.23
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.7 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 2.08 | ||
| Quick Ratio | 2.08 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)5.38%
EPS 3Y13.48%
EPS 5Y
EPS Q2Q%
EPS Next Y11.92%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-8.91%
Revenue growth 3Y0.5%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y