AFFILIATED MANAGERS GROUP (AMG) Stock Fundamental Analysis
NYSE:AMG - US0082521081 - Common Stock
224.82 USD
-2.6 (-1.14%)
224.82 USD
0 (0%)
Taking everything into account, AMG scores 5 out of 10 in our fundamental rating. AMG was compared to 238 industry peers in the Capital Markets industry. AMG has only an average score on both its financial health and profitability. AMG scores decently on growth, while it is valued quite cheap. This could make an interesting combination. 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.
In the past year AMG had a positive cash flow from operations.
In the past 5 years AMG has always 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 (5.02%) than 68.91% of its industry peers.
With a decent Return On Equity value of 13.66%, AMG is doing good in the industry, outperforming 74.37% of the companies in the same industry.
AMG has a better Return On Invested Capital (5.35%) than 66.39% of its industry peers.
AMG had an Average Return On Invested Capital over the past 3 years of 7.38%. This is in line with the industry average of 7.60%.
| 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
The Profit Margin of AMG (21.79%) is comparable to the rest of the industry.
In the last couple of years the Profit Margin of AMG has grown nicely.
AMG has a Operating Margin of 26.22%. This is comparable to the rest of the industry: AMG outperforms 48.32% 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 | 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
The number of shares outstanding for AMG has been reduced compared to 1 year ago.
AMG has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, AMG has a worse debt to assets ratio.
2.2 Solvency
AMG has an Altman-Z score of 2.28. 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.
AMG has a Altman-Z score of 2.28. This is in the better half of the industry: AMG outperforms 71.85% 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.
AMG has a Debt to FCF ratio of 2.84. This is amongst the best in the industry. AMG outperforms 81.51% of its industry peers.
A Debt/Equity ratio of 0.81 indicates that 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 | 2.28 |
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 60.08% of the companies in the same industry.
A Quick Ratio of 1.35 indicates that AMG should not have too much problems paying its short term obligations.
The Quick ratio of AMG (1.35) is better than 60.08% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.35 | ||
| Quick Ratio | 1.35 |
3. Growth
3.1 Past
AMG shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 0.70%.
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 0.12% in the last year.
Measured over the past years, AMG shows a decrease in Revenue. The Revenue has been decreasing by -1.84% on average per year.
EPS 1Y (TTM)0.7%
EPS 3Y3.78%
EPS 5Y7.59%
EPS Q2Q%15.42%
Revenue 1Y (TTM)0.12%
Revenue growth 3Y-5.42%
Revenue growth 5Y-1.84%
Sales Q2Q%-1.42%
3.2 Future
The Earnings Per Share is expected to grow by 11.96% on average over the next years. This is quite good.
The Revenue is expected to grow by 1.93% on average over the next years.
EPS Next Y18%
EPS Next 2Y17.42%
EPS Next 3Y18.93%
EPS Next 5Y11.96%
Revenue Next Year1.64%
Revenue Next 2Y5.41%
Revenue Next 3Y5.07%
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
AMG is valuated reasonably with a Price/Earnings ratio of 10.64.
Compared to the rest of the industry, the Price/Earnings ratio of AMG indicates a somewhat cheap valuation: AMG is cheaper than 68.91% of the companies listed in the same industry.
AMG's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.08.
Based on the Price/Forward Earnings ratio of 7.92, the valuation of AMG can be described as very cheap.
Based on the Price/Forward Earnings ratio, AMG is valued cheaply inside the industry as 89.08% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.72, AMG is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.64 | ||
| Fwd PE | 7.92 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, AMG is valued cheaply inside the industry as 84.03% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of AMG indicates a somewhat cheap valuation: AMG is cheaper than 79.41% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.92 | ||
| EV/EBITDA | 13.44 |
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.
AMG's earnings are expected to grow with 18.93% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.59
PEG (5Y)1.4
EPS Next 2Y17.42%
EPS Next 3Y18.93%
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 7.99, 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 2.34.
| 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 2Y17.42%
EPS Next 3Y18.93%
224.82
-2.6 (-1.14%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners100.57%
Inst Owner Change-4.2%
Ins Owners3.12%
Ins Owner Change8.36%
Market Cap6.39B
Analysts80
Price Target252.79 (12.44%)
Short Float %2.07%
Short Ratio2.83
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)12.82%
PT rev (3m)32.53%
EPS NQ rev (1m)2.57%
EPS NQ rev (3m)6.32%
EPS NY rev (1m)2.69%
EPS NY rev (3m)5.31%
Revenue NQ rev (1m)2.27%
Revenue NQ rev (3m)1.69%
Revenue NY rev (1m)0.14%
Revenue NY rev (3m)-0.47%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.64 | ||
| Fwd PE | 7.92 | ||
| P/S | 3.15 | ||
| P/FCF | 6.92 | ||
| P/OCF | 6.88 | ||
| P/B | 1.97 | ||
| P/tB | N/A | ||
| EV/EBITDA | 13.44 |
EPS(TTM)21.13
EY9.4%
EPS(NY)28.37
Fwd EY12.62%
FCF(TTM)32.51
FCFY14.46%
OCF(TTM)32.68
OCFY14.54%
SpS71.47
BVpS114
TBVpS-35.73
PEG (NY)0.59
PEG (5Y)1.4
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%
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-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 | 2.28 |
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)0.7%
EPS 3Y3.78%
EPS 5Y7.59%
EPS Q2Q%15.42%
EPS Next Y18%
EPS Next 2Y17.42%
EPS Next 3Y18.93%
EPS Next 5Y11.96%
Revenue 1Y (TTM)0.12%
Revenue growth 3Y-5.42%
Revenue growth 5Y-1.84%
Sales Q2Q%-1.42%
Revenue Next Year1.64%
Revenue Next 2Y5.41%
Revenue Next 3Y5.07%
Revenue Next 5Y1.93%
EBIT growth 1Y-20.75%
EBIT growth 3Y-9.28%
EBIT growth 5Y-0.89%
EBIT Next Year41.66%
EBIT Next 3Y15.39%
EBIT Next 5Y7.15%
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%