AFFILIATED MANAGERS GROUP (AMG)
US0082521081 - Common Stock
Overall AMG gets a fundamental rating of 5 out of 10. We evaluated AMG against 220 industry peers in the Capital Markets industry. While AMG has a great health rating, its profitability is only average at the moment. AMG has a bad growth rate and is valued cheaply. This makes AMG very considerable for value investing!
1. Profitability
1.1 Basic Checks
AMG had positive earnings in the past year.
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 7.22%, AMG is in the better half of the industry, outperforming 75.46% of the companies in the same industry.
The Return On Equity of AMG (19.18%) is better than 86.57% of its industry peers.
AMG has a Return On Invested Capital of 6.65%. This is in the better half of the industry: AMG outperforms 73.61% of its industry peers.
The Average Return On Invested Capital over the past 3 years for AMG is significantly below the industry average of 17.69%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.22% | ||
| ROE | 19.18% | ||
| ROIC | 6.65% |
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 has a Profit Margin of 31.50%. This is in the better half of the industry: AMG outperforms 69.91% of its industry peers.
In the last couple of years the Profit Margin of AMG has grown nicely.
The Operating Margin of AMG (33.12%) is comparable to the rest of the industry.
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 | 33.12% | ||
| PM (TTM) | 31.5% | ||
| 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
AMG has less shares outstanding than it did 1 year ago.
The number of shares outstanding for AMG has been reduced compared to 5 years ago.
AMG has a better debt/assets ratio than last year.
2.2 Solvency
AMG has an Altman-Z score of 2.24. 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.
Looking at the Altman-Z score, with a value of 2.24, AMG is in the better half of the industry, outperforming 73.15% 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 76.39% of its industry peers.
AMG has a Debt/Equity ratio of 0.76. This is a neutral value indicating AMG is somewhat dependend on debt financing.
AMG's Debt to Equity ratio of 0.76 is fine compared to the rest of the industry. AMG outperforms 61.11% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.76 | ||
| Debt/FCF | 2.55 | ||
| Altman-Z | 2.24 |
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.
AMG has a Current ratio of 2.08. This is in the better half of the industry: AMG outperforms 69.44% of its industry peers.
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 69.44% 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 4.27%.
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 -5.60% in the past year.
The Revenue has been decreasing by -2.85% on average over the past years.
EPS 1Y (TTM)4.27%
EPS 3Y13.48%
EPS 5Y6.17%
EPS Q2Q%4.94%
Revenue 1Y (TTM)-5.6%
Revenue growth 3Y0.5%
Revenue growth 5Y-2.85%
Sales Q2Q%-2.38%
3.2 Future
AMG is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 6.20% yearly.
Based on estimates for the next years, AMG will show a decrease in Revenue. The Revenue will decrease by -1.20% on average per year.
EPS Next Y13.95%
EPS Next 2Y13.92%
EPS Next 3Y10.16%
EPS Next 5Y6.2%
Revenue Next Year-1.62%
Revenue Next 2Y1.09%
Revenue Next 3Y2.33%
Revenue Next 5Y-1.2%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
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
The Price/Earnings ratio is 9.10, which indicates a very decent valuation of AMG.
Based on the Price/Earnings ratio, AMG is valued a bit cheaper than the industry average as 74.07% of the companies are valued more expensively.
AMG's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 31.61.
AMG is valuated cheaply with a Price/Forward Earnings ratio of 7.52.
Based on the Price/Forward Earnings ratio, AMG is valued cheaply inside the industry as 87.04% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.63, AMG is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.1 | ||
| Fwd PE | 7.52 |
4.2 Price Multiples
87.50% of the companies in the same industry are more expensive than AMG, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, AMG is valued cheaply inside the industry as 81.48% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.74 | ||
| EV/EBITDA | 10.15 |
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.
The decent profitability rating of AMG may justify a higher PE ratio.
PEG (NY)0.65
PEG (5Y)1.48
EPS Next 2Y13.92%
EPS Next 3Y10.16%
5. Dividend
5.1 Amount
With a yearly dividend of 0.02%, AMG is not a good candidate for dividend investing.
With a Dividend Yield of 0.02, AMG pays less dividend than the industry average, which is at 9.19. 80.56% of the companies listed in the same industry pay a better dividend than AMG!
Compared to an average S&P500 Dividend Yield of 2.22, 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 0.22% of its income as dividend. This is a sustainable payout ratio.
DP0.22%
EPS Next 2Y13.92%
EPS Next 3Y10.16%
AFFILIATED MANAGERS GROUP
NYSE:AMG (10/15/2024, 8:13:56 PM)
After market: 190.92 0 (0%)190.92
+0.92 (+0.48%)
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 Cap5.69B
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)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
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 | 9.1 | ||
| Fwd PE | 7.52 | ||
| 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)0.65
PEG (5Y)1.48
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.22% | ||
| ROE | 19.18% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 33.12% | ||
| PM (TTM) | 31.5% | ||
| 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 | 0.76 | ||
| 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)4.27%
EPS 3Y13.48%
EPS 5Y
EPS Q2Q%
EPS Next Y13.95%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-5.6%
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