AFFILIATED MANAGERS GROUP (AMG)
US0082521081 - Common Stock
Taking everything into account, AMG scores 4 out of 10 in our fundamental rating. AMG was compared to 210 industry peers in the Capital Markets industry. Both the profitability and the financial health of AMG get a neutral evaluation. Nothing too spectacular is happening here. AMG is cheap, but on the other hand it scores bad on growth.
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.
AMG had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of AMG (7.43%) is better than 77.40% of its industry peers.
Looking at the Return On Equity, with a value of 18.75%, AMG belongs to the top of the industry, outperforming 84.62% of the companies in the same industry.
AMG's Return On Invested Capital of 7.13% is fine compared to the rest of the industry. AMG outperforms 74.04% 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 8.34%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.43% | ||
| ROE | 18.75% | ||
| ROIC | 7.13% |
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 32.70%. This is in the better half of the industry: AMG outperforms 67.31% of its industry peers.
In the last couple of years the Profit Margin of AMG has grown nicely.
With a Operating Margin value of 33.29%, AMG perfoms like the industry average, outperforming 54.33% of the companies in the same 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 | 33.29% | ||
| PM (TTM) | 32.7% | ||
| 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
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 an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 2.03 indicates that AMG is not a great score, but indicates only limited risk for bankruptcy at the moment.
The Altman-Z score of AMG (2.03) is better than 72.12% of its industry peers.
AMG has a debt to FCF ratio of 2.95. This is a good value and a sign of high solvency as AMG would need 2.95 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 2.95, AMG is in the better half of the industry, outperforming 75.48% of the companies in the same industry.
AMG has a Debt/Equity ratio of 0.71. This is a neutral value indicating AMG is somewhat dependend on debt financing.
With a decent Debt to Equity ratio value of 0.71, AMG is doing good in the industry, outperforming 62.02% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.71 | ||
| Debt/FCF | 2.95 | ||
| Altman-Z | 2.03 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
AMG has a Current Ratio of 0.94. This is a bad value and indicates that AMG is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 0.94, AMG is doing worse than 60.58% of the companies in the same industry.
AMG has a Quick Ratio of 0.94. This is a bad value and indicates that AMG is not financially healthy enough and could expect problems in meeting its short term obligations.
AMG's Quick ratio of 0.94 is on the low side compared to the rest of the industry. AMG is outperformed by 60.58% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.94 | ||
| Quick Ratio | 0.94 |
3. Growth
3.1 Past
AMG shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -2.97%.
AMG shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 6.17% yearly.
AMG shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -11.68%.
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)-2.97%
EPS 3Y13.48%
EPS 5Y6.17%
EPS growth Q2Q-5.77%
Revenue 1Y (TTM)-11.68%
Revenue growth 3Y0.5%
Revenue growth 5Y-2.85%
Revenue growth Q2Q-6.87%
3.2 Future
The Earnings Per Share is expected to grow by 4.41% on average over the next years.
The Revenue is expected to decrease by -2.54% on average over the next years.
EPS Next Y12.67%
EPS Next 2Y12.04%
EPS Next 3Y9.68%
EPS Next 5Y4.41%
Revenue Next Year2.62%
Revenue Next 2Y1.94%
Revenue Next 3Y-0.46%
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.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 8.19 indicates a reasonable valuation of AMG.
AMG's Price/Earnings ratio is a bit cheaper when compared to the industry. AMG is cheaper than 77.88% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 25.25, AMG is valued rather cheaply.
The Price/Forward Earnings ratio is 7.27, which indicates a rather cheap valuation of AMG.
Based on the Price/Forward Earnings ratio, AMG is valued cheaply inside the industry as 85.10% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.67, AMG is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.19 | ||
| Fwd PE | 7.27 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, AMG is valued cheaper than 86.54% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, AMG is valued cheaply inside the industry as 83.17% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.06 | ||
| EV/EBITDA | 9.36 |
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 has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)0.65
PEG (5Y)1.33
EPS Next 2Y12.04%
EPS Next 3Y9.68%
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 7.77, AMG's dividend is way lower than its industry peers. On top of this 80.77% of the companies listed in the same industry pay a better dividend than AMG!
Compared to an average S&P500 Dividend Yield of 2.45, AMG's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.03% |
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.
AMG has decreased its dividend 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 2Y12.04%
EPS Next 3Y9.68%
AFFILIATED MANAGERS GROUP
NYSE:AMG (4/25/2024, 2:31:19 PM)
160.22
-1.85 (-1.14%)
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 Cap5.20B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.03% |
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)
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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)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
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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 | 8.19 | ||
| Fwd PE | 7.27 | ||
| 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)1.33
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.43% | ||
| ROE | 18.75% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 33.29% | ||
| PM (TTM) | 32.7% | ||
| 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 | 0.71 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.94 | ||
| Quick Ratio | 0.94 | ||
| 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)-2.97%
EPS 3Y13.48%
EPS 5Y
EPS growth Q2Q
EPS Next Y12.67%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-11.68%
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