AFFILIATED MANAGERS GROUP (AMG)

US0082521081 - Common Stock

157.73  +1.51 (+0.97%)

After market: 157.73 0 (0%)

Fundamental Rating

5

Taking everything into account, AMG scores 5 out of 10 in our fundamental rating. AMG was compared to 208 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 is cheap, but on the other hand it scores bad on growth. With these ratings, AMG could be worth investigating further for value investing!.



6

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.
AMG had a positive operating cash flow in 4 of the past 5 years.

1.2 Ratios

The Return On Assets of AMG (13.94%) is better than 92.61% of its industry peers.
Looking at the Return On Equity, with a value of 35.90%, AMG belongs to the top of the industry, outperforming 93.60% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 6.33%, AMG is in the better half of the industry, outperforming 69.95% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for AMG is below the industry average of 9.80%.
Industry RankSector Rank
ROA 13.94%
ROE 35.9%
ROIC 6.33%
ROA(3y)8.9%
ROA(5y)5.89%
ROE(3y)24.84%
ROE(5y)16.47%
ROIC(3y)7.76%
ROIC(5y)7.65%

1.3 Margins

The Profit Margin of AMG (59.90%) is better than 90.64% of its industry peers.
AMG's Profit Margin has improved in the last couple of years.
The Operating Margin of AMG (31.12%) is comparable to the rest of the industry.
AMG's Operating Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 31.12%
PM (TTM) 59.9%
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

7

2. Health

2.1 Basic Checks

The number of shares outstanding for AMG has been reduced compared to 1 year ago.
Compared to 5 years ago, AMG has less shares outstanding
Compared to 1 year ago, AMG has an improved debt to assets ratio.

2.2 Solvency

AMG has an Altman-Z score of 2.12. 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 2.12, AMG is in the better half of the industry, outperforming 71.43% of the companies in the same industry.
The Debt to FCF ratio of AMG is 2.93, which is a good value as it means it would take AMG, 2.93 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of AMG (2.93) is better than 78.82% of its industry peers.
A Debt/Equity ratio of 0.73 indicates that AMG is somewhat dependend on debt financing.
AMG has a Debt to Equity ratio of 0.73. This is in the better half of the industry: AMG outperforms 61.58% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.73
Debt/FCF 2.93
Altman-Z 2.12
ROIC/WACCN/A
WACCN/A

2.3 Liquidity

AMG has a Current Ratio of 2.24. This indicates that AMG is financially healthy and has no problem in meeting its short term obligations.
AMG's Current ratio of 2.24 is fine compared to the rest of the industry. AMG outperforms 70.94% of its industry peers.
AMG has a Quick Ratio of 2.24. This indicates that AMG is financially healthy and has no problem in meeting its short term obligations.
AMG's Quick ratio of 2.24 is fine compared to the rest of the industry. AMG outperforms 70.94% of its industry peers.
Industry RankSector Rank
Current Ratio 2.24
Quick Ratio 2.24

1

3. Growth

3.1 Past

The Earnings Per Share has been growing slightly by 5.27% over the past year.
The Earnings Per Share has been growing slightly by 6.17% on average over the past years.
Looking at the last year, AMG shows a very negative growth in Revenue. The Revenue has decreased by -15.59% in the last year.
Measured over the past years, AMG shows a decrease in Revenue. The Revenue has been decreasing by -2.85% on average per year.
EPS 1Y (TTM)5.27%
EPS 3Y13.48%
EPS 5Y6.17%
EPS growth Q2Q-3.09%
Revenue 1Y (TTM)-15.59%
Revenue growth 3Y0.5%
Revenue growth 5Y-2.85%
Revenue growth Q2Q-9.23%

3.2 Future

AMG is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 4.41% yearly.
Based on estimates for the next years, AMG will show a decrease in Revenue. The Revenue will decrease by -2.54% on average per year.
EPS Next Y8.57%
EPS Next 2Y10.08%
EPS Next 3Y1.38%
EPS Next 5Y4.41%
Revenue Next Year1.33%
Revenue Next 2Y2.43%
Revenue Next 3Y-3.78%
Revenue Next 5Y-2.54%

3.3 Evolution

The EPS growth rate is decreasing: in the next years the growth will be less 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 stable.

8

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 7.89 indicates a rather cheap valuation of AMG.
Based on the Price/Earnings ratio, AMG is valued a bit cheaper than the industry average as 78.82% 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 26.32.
A Price/Forward Earnings ratio of 7.42 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 83.74% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of AMG to the average of the S&P500 Index (21.63), we can say AMG is valued rather cheaply.
Industry RankSector Rank
PE 7.89
Fwd PE 7.42

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, AMG is valued cheaply inside the industry as 83.74% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, AMG is valued cheaply inside the industry as 86.70% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 6.16
EV/EBITDA 9.53

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)0.92
PEG (5Y)1.28
EPS Next 2Y10.08%
EPS Next 3Y1.38%

2

5. Dividend

5.1 Amount

AMG has a yearly dividend return of 0.03%, which is pretty low.
Compared to an average industry Dividend Yield of 8.12, AMG's dividend is way lower than its industry peers. On top of this 82.27% of the companies listed in the same industry pay a better dividend than AMG!
Compared to an average S&P500 Dividend Yield of 2.48, AMG's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.03%

5.2 History

The dividend of AMG decreases each year by -44.59%.
AMG has been paying a dividend for over 5 years, so it has already some track record.
AMG has decreased its dividend in the last 3 years.
Dividend Growth(5Y)-44.59%
Div Incr Years0
Div Non Decr Years2

5.3 Sustainability

0.13% of the earnings are spent on dividend by AMG. This is a low number and sustainable payout ratio.
DP0.13%
EPS Next 2Y10.08%
EPS Next 3Y1.38%

AFFILIATED MANAGERS GROUP

NYSE:AMG (2/22/2024, 5:30:14 PM)

After market: 157.73 0 (0%)

157.73

+1.51 (+0.97%)

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 Cap5.33B
Analysts
Price Target
Dividend
Industry RankSector Rank
Dividend Yield 0.03%
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 RankSector Rank
PE 7.89
Fwd PE 7.42
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)0.92
PEG (5Y)1.28
Profitability
Industry RankSector Rank
ROA 13.94%
ROE 35.9%
ROCE
ROIC
ROICexc
ROICexgc
OM 31.12%
PM (TTM) 59.9%
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 RankSector Rank
Debt/Equity 0.73
Debt/FCF
Debt/EBITDA
Cap/Depr
Cap/Sales
Interest Coverage
Cash Conversion
Profit Quality
Current Ratio 2.24
Quick Ratio 2.24
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)
Growth
EPS 1Y (TTM)5.27%
EPS 3Y13.48%
EPS 5Y
EPS growth Q2Q
EPS Next Y8.57%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-15.59%
Revenue growth 3Y0.5%
Revenue growth 5Y
Revenue growth 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