AFFILIATED MANAGERS GROUP (AMG) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:AMG - US0082521081 - Common Stock
256.87 USD
+3.95 (+1.56%)
256.87 USD
0 (0%)
AMG gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 237 industry peers in the Capital Markets industry. AMG has only an average score on both its financial health and profitability. A decent growth rate in combination with a cheap valuation! Better keep an eye on AMG. These ratings could make AMG a good candidate 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.
In the past 5 years AMG always reported a positive cash flow from operatings.
1.2 Ratios
With a decent Return On Assets value of 5.02%, AMG is doing good in the industry, outperforming 70.89% of the companies in the same industry.
AMG's Return On Equity of 13.66% is fine compared to the rest of the industry. AMG outperforms 73.00% of its industry peers.
Looking at the Return On Invested Capital, with a value of 5.35%, AMG is in the better half of the industry, outperforming 68.78% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for AMG is in line with the industry average of 7.11%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.02% | ||
| ROE | 13.66% | ||
| ROIC | 5.35% |
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
Looking at the Profit Margin, with a value of 21.79%, AMG is in line with its industry, outperforming 59.07% of the companies in the same industry.
In the last couple of years the Profit Margin of AMG has grown nicely.
The Operating Margin of AMG (26.22%) is comparable to the rest of the industry.
AMG's Operating Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 26.22% | ||
| PM (TTM) | 21.79% | ||
| 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.
Compared to 5 years ago, AMG has less shares outstanding
The debt/assets ratio for AMG is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 2.36 indicates that AMG is not a great score, but indicates only limited risk for bankruptcy at the moment.
The Altman-Z score of AMG (2.36) is better than 72.15% of its industry peers.
AMG has a debt to FCF ratio of 2.84. This is a good value and a sign of high solvency as AMG would need 2.84 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 2.84, AMG belongs to the top of the industry, outperforming 80.59% of the companies in the same industry.
AMG has a Debt/Equity ratio of 0.81. This is a neutral value indicating AMG is somewhat dependend on debt financing.
The Debt to Equity ratio of AMG (0.81) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.81 | ||
| Debt/FCF | 2.84 | ||
| Altman-Z | 2.36 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 1.35 indicates that AMG should not have too much problems paying its short term obligations.
With a decent Current ratio value of 1.35, AMG is doing good in the industry, outperforming 60.76% of the companies in the same industry.
AMG has a Quick Ratio of 1.35. This is a normal value and indicates that AMG is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of AMG (1.35) is better than 61.18% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.35 | ||
| Quick Ratio | 1.35 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 3.16% over the past year.
AMG shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 7.59% yearly.
Looking at the last year, AMG shows a small growth in Revenue. The Revenue has grown by 1.13% in the last year.
The Revenue has been decreasing by -1.84% on average over the past years.
EPS 1Y (TTM)3.16%
EPS 3Y3.78%
EPS 5Y7.59%
EPS Q2Q%26.56%
Revenue 1Y (TTM)1.13%
Revenue growth 3Y-5.42%
Revenue growth 5Y-1.84%
Sales Q2Q%2.25%
3.2 Future
Based on estimates for the next years, AMG will show a quite strong growth in Earnings Per Share. The EPS will grow by 11.49% on average per year.
The Revenue is expected to grow by 4.96% on average over the next years.
EPS Next Y20.6%
EPS Next 2Y18.91%
EPS Next 3Y17.85%
EPS Next 5Y11.49%
Revenue Next Year1.93%
Revenue Next 2Y5.64%
Revenue Next 3Y4.71%
Revenue Next 5Y4.96%
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 accelerating.
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 11.46, the valuation of AMG can be described as reasonable.
62.87% of the companies in the same industry are more expensive than AMG, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of AMG to the average of the S&P500 Index (25.45), we can say AMG is valued rather cheaply.
A Price/Forward Earnings ratio of 8.83 indicates a reasonable valuation of AMG.
AMG's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. AMG is cheaper than 77.64% of the companies 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 34.46.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.46 | ||
| Fwd PE | 8.83 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, AMG is valued a bit cheaper than 79.32% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, AMG is valued a bit cheaper than the industry average as 75.11% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.9 | ||
| EV/EBITDA | 14.55 |
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's earnings are expected to grow with 17.85% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.56
PEG (5Y)1.51
EPS Next 2Y18.91%
EPS Next 3Y17.85%
5. Dividend
5.1 Amount
With a yearly dividend of 0.02%, AMG is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 8.61, AMG is paying slightly less dividend.
With a Dividend Yield of 0.02, AMG pays less dividend than the S&P500 average, which is at 2.42.
| 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
AMG pays out 0.27% of its income as dividend. This is a sustainable payout ratio.
DP0.27%
EPS Next 2Y18.91%
EPS Next 3Y17.85%
256.87
+3.95 (+1.56%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners96.83%
Inst Owner Change-0.21%
Ins Owners3.45%
Ins Owner Change15.18%
Market Cap7.30B
Revenue(TTM)2.04B
Net Income(TTM)442.40M
Analysts86
Price Target330.48 (28.66%)
Short Float %2.14%
Short Ratio2.35
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.02% |
Yearly Dividend0.04
Dividend Growth(5Y)-47.48%
DP0.27%
Div Incr Years0
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)0.93%
Min EPS beat(2)0.92%
Max EPS beat(2)0.95%
EPS beat(4)2
Avg EPS beat(4)-1.39%
Min EPS beat(4)-6.04%
Max EPS beat(4)0.95%
EPS beat(8)6
Avg EPS beat(8)2.11%
EPS beat(12)9
Avg EPS beat(12)2.39%
EPS beat(16)13
Avg EPS beat(16)2.56%
Revenue beat(2)0
Avg Revenue beat(2)-3.24%
Min Revenue beat(2)-4.06%
Max Revenue beat(2)-2.43%
Revenue beat(4)0
Avg Revenue beat(4)-2.67%
Min Revenue beat(4)-4.06%
Max Revenue beat(4)-2.03%
Revenue beat(8)1
Avg Revenue beat(8)-3.02%
Revenue beat(12)2
Avg Revenue beat(12)-3.46%
Revenue beat(16)4
Avg Revenue beat(16)-2.53%
PT rev (1m)10.66%
PT rev (3m)25.05%
EPS NQ rev (1m)0.39%
EPS NQ rev (3m)4.09%
EPS NY rev (1m)1.47%
EPS NY rev (3m)4.95%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.53%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.43%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.46 | ||
| Fwd PE | 8.83 | ||
| P/S | 3.59 | ||
| P/FCF | 7.9 | ||
| P/OCF | 7.86 | ||
| P/B | 2.25 | ||
| P/tB | N/A | ||
| EV/EBITDA | 14.55 |
EPS(TTM)22.41
EY8.72%
EPS(NY)29.09
Fwd EY11.33%
FCF(TTM)32.51
FCFY12.66%
OCF(TTM)32.68
OCFY12.72%
SpS71.47
BVpS114
TBVpS-35.73
PEG (NY)0.56
PEG (5Y)1.51
Graham Number239.75
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.02% | ||
| ROE | 13.66% | ||
| ROCE | 6.56% | ||
| ROIC | 5.35% | ||
| ROICexc | 5.6% | ||
| ROICexgc | 13.59% | ||
| OM | 26.22% | ||
| PM (TTM) | 21.79% | ||
| GM | N/A | ||
| FCFM | 45.49% |
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-Score5
Asset Turnover0.23
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.81 | ||
| Debt/FCF | 2.84 | ||
| Debt/EBITDA | 4.04 | ||
| Cap/Depr | 4.11% | ||
| Cap/Sales | 0.24% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 143.05% | ||
| Profit Quality | 208.77% | ||
| Current Ratio | 1.35 | ||
| Quick Ratio | 1.35 | ||
| Altman-Z | 2.36 |
F-Score5
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)3.16%
EPS 3Y3.78%
EPS 5Y7.59%
EPS Q2Q%26.56%
EPS Next Y20.6%
EPS Next 2Y18.91%
EPS Next 3Y17.85%
EPS Next 5Y11.49%
Revenue 1Y (TTM)1.13%
Revenue growth 3Y-5.42%
Revenue growth 5Y-1.84%
Sales Q2Q%2.25%
Revenue Next Year1.93%
Revenue Next 2Y5.64%
Revenue Next 3Y4.71%
Revenue Next 5Y4.96%
EBIT growth 1Y-20.75%
EBIT growth 3Y-9.28%
EBIT growth 5Y-0.89%
EBIT Next Year41.77%
EBIT Next 3Y17.15%
EBIT Next 5Y10.34%
FCF growth 1Y6.82%
FCF growth 3Y-9.09%
FCF growth 5Y0.41%
OCF growth 1Y6.24%
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.
What is the valuation status of AFFILIATED MANAGERS GROUP (AMG) stock?
ChartMill assigns a valuation rating of 7 / 10 to AFFILIATED MANAGERS GROUP (AMG). This can be considered as Undervalued.
Can you provide the profitability details for AFFILIATED MANAGERS GROUP?
AFFILIATED MANAGERS GROUP (AMG) has a profitability rating of 5 / 10.
How financially healthy is AFFILIATED MANAGERS GROUP?
The financial health rating of AFFILIATED MANAGERS GROUP (AMG) is 6 / 10.
Is the dividend of AFFILIATED MANAGERS GROUP sustainable?
The dividend rating of AFFILIATED MANAGERS GROUP (AMG) is 3 / 10 and the dividend payout ratio is 0.27%.