AGF Management（A3J）株式概要AGFマネジメント・リミテッドは、カナダ全土にオフィスを構え、世界中に子会社を持つカナダ有数の投資運用会社である。 詳細A3J ファンダメンタル分析スノーフレーク・スコア評価4/6将来の成長0/6過去の実績4/6財務の健全性4/6配当金5/6報酬当社が推定した公正価値より14%で取引されている 過去5年間の収益は年間7.5%増加しました。 2.37%の安定した配当金を支払う 同業他社や業界と比較して、良好な取引価格 リスク分析今後3年間の収益は年平均3.7%減少すると予測されている。 すべてのリスクチェックを見るA3J Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.NEW480,107 membersJoin community and earn perksGain real feedbackFrom our editorial team, personally. Not silence.Grow your followingReal investors. The kind who actually invest, not scroll past.Unlock free accessFree premium subscription for consistent and quality authors.Learn moreCreate NarrativeBLINRODA480,107 investors already sharing narrativesYour Fair Value€Current Price€14.003.9% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture0714m2016201920222025202620282031Revenue CA$714.2mEarnings CA$162.6mAdvancedSet Fair ValueView all narrativesAGF Management Limited 競合他社MLPSymbol: XTRA:MLPMarket cap: €804.9mOVB HoldingSymbol: XTRA:O4BMarket cap: €267.9mMPC Münchmeyer Petersen CapitalSymbol: XTRA:MPCKMarket cap: €181.2mErnst RussSymbol: XTRA:ERAGMarket cap: €252.7m価格と性能株価の高値、安値、推移の概要AGF Management過去の株価現在の株価CA$14.0052週高値CA$14.2052週安値CA$7.10ベータ1.141ヶ月の変化17.65%3ヶ月変化47.37%1年変化80.65%3年間の変化166.67%5年間の変化182.26%IPOからの変化0%最新ニュースDeclared Dividend • Jun 28Second quarter dividend of CA$0.14 announcedShareholders will receive a dividend of CA$0.14. Ex-date: 2nd July 2026 Payment date: 16th July 2026 Dividend yield will be 3.2%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (24% earnings payout ratio) and cash flows (29% cash payout ratio). The dividend has increased by an average of 5.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 11% over the next 3 years. However, it would need to fall by 73% to increase the payout ratio to a potentially unsustainable range.お知らせ • Jun 24AGF Management Limited Declares Dividend for Second Quarter 2026, Payable on July 16, 2026On June 23, 2026, the Board of Directors of AGF Management Limited declared a dividend of 13.5 cents per share on both the Class B Non-Voting shares and the Class A Voting common shares of the company. This dividend will be payable on July 16, 2026 to shareholders of record on July 2, 2026.お知らせ • Jun 05AGF Management Limited to Report Q2, 2026 Results on Jun 24, 2026AGF Management Limited announced that they will report Q2, 2026 results at 7:00 AM, US Eastern Standard Time on Jun 24, 2026Board Change • May 20Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 6 highly experienced directors. Independent Director Laura Dottori-Attanasio was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.お知らせ • Apr 15AGF Management Limited Declares First Quarter 2026 Dividend on Both the Class B Non-Voting Shares and the Class A Voting Common Shares, Payable on April 30, 2026On April 13, 2026, the Board of Directors of AGF Management Limited declared a dividend of 13.5 cents per share on both the Class B Non-Voting shares and the Class A Voting common shares of the company. This dividend will be payable on April 30, 2026 to shareholders of record on April 21, 2026.お知らせ • Apr 09AGF Management Limited Launches Capitol Signals Subscription-Based NewsletterAGF Management Limited announced that Henrietta Treyz, Co-Founder and Director of Economic Policy at Veda Partners, will become a regular contributor as the firm launches Capitol Signals, a subscription-based newsletter. She will provide subscribers with weekly and ad hoc insights into how U.S. policy and political developments may impact global markets. Issues such as tariffs, fiscal stimulus, tax policy, the debt ceiling, and other key economic priorities in Washington, D.C will be covered. Ms. Treyz will also participate in client events and select speaking engagements, helping to deepen relationships and bring timely policy insights directly to AGF’s clients. A frequent guest on CNBC, Bloomberg and BNN, Henrietta’s insights are shaped by her extensive relationships across administrations, federal agencies, the Senate, and the House, spanning the political spectrum. The addition of Henrietta supports AGF’s efforts to deliver timely, thoughtful and differentiated insights to clients, while leveraging the depth of expertise across the firm’s internal teams and external partners.最新情報をもっと見るRecent updatesDeclared Dividend • Jun 28Second quarter dividend of CA$0.14 announcedShareholders will receive a dividend of CA$0.14. Ex-date: 2nd July 2026 Payment date: 16th July 2026 Dividend yield will be 3.2%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (24% earnings payout ratio) and cash flows (29% cash payout ratio). The dividend has increased by an average of 5.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 11% over the next 3 years. However, it would need to fall by 73% to increase the payout ratio to a potentially unsustainable range.お知らせ • Jun 24AGF Management Limited Declares Dividend for Second Quarter 2026, Payable on July 16, 2026On June 23, 2026, the Board of Directors of AGF Management Limited declared a dividend of 13.5 cents per share on both the Class B Non-Voting shares and the Class A Voting common shares of the company. This dividend will be payable on July 16, 2026 to shareholders of record on July 2, 2026.お知らせ • Jun 05AGF Management Limited to Report Q2, 2026 Results on Jun 24, 2026AGF Management Limited announced that they will report Q2, 2026 results at 7:00 AM, US Eastern Standard Time on Jun 24, 2026Board Change • May 20Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 6 highly experienced directors. Independent Director Laura Dottori-Attanasio was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.お知らせ • Apr 15AGF Management Limited Declares First Quarter 2026 Dividend on Both the Class B Non-Voting Shares and the Class A Voting Common Shares, Payable on April 30, 2026On April 13, 2026, the Board of Directors of AGF Management Limited declared a dividend of 13.5 cents per share on both the Class B Non-Voting shares and the Class A Voting common shares of the company. This dividend will be payable on April 30, 2026 to shareholders of record on April 21, 2026.お知らせ • Apr 09AGF Management Limited Launches Capitol Signals Subscription-Based NewsletterAGF Management Limited announced that Henrietta Treyz, Co-Founder and Director of Economic Policy at Veda Partners, will become a regular contributor as the firm launches Capitol Signals, a subscription-based newsletter. She will provide subscribers with weekly and ad hoc insights into how U.S. policy and political developments may impact global markets. Issues such as tariffs, fiscal stimulus, tax policy, the debt ceiling, and other key economic priorities in Washington, D.C will be covered. Ms. Treyz will also participate in client events and select speaking engagements, helping to deepen relationships and bring timely policy insights directly to AGF’s clients. A frequent guest on CNBC, Bloomberg and BNN, Henrietta’s insights are shaped by her extensive relationships across administrations, federal agencies, the Senate, and the House, spanning the political spectrum. The addition of Henrietta supports AGF’s efforts to deliver timely, thoughtful and differentiated insights to clients, while leveraging the depth of expertise across the firm’s internal teams and external partners.お知らせ • Mar 05AGF Management Limited to Report Q1, 2026 Results on Apr 14, 2026AGF Management Limited announced that they will report Q1, 2026 results at 7:00 AM, US Eastern Standard Time on Apr 14, 2026お知らせ • Jan 07AGF Management Limited to Report Fiscal Year 2025 Results on Jan 27, 2026AGF Management Limited announced that they will report fiscal year 2025 results at 7:00 AM, US Eastern Standard Time on Jan 27, 2026お知らせ • Dec 09AGF Management Limited Declares Dividend on Both the Class B Non-Voting Shares and the Class A Voting Common Shares for Fourth Quarter 2025, Payable on January 15, 2026On December 8, 2025, the Board of Directors of AGF Management Limited declared a dividend of 12.5 cents per share on both the Class B Non-Voting shares and the Class A Voting common shares of the company. This dividend will be payable on January 15, 2026 to shareholders of record on January 7, 2026.お知らせ • Sep 27+ 1 more updateAGF Management Limited Names Judy Goldring as Chief Executive OfficerAGF Management Limited named Judy Goldring Chief Executive Officer (CEO) following the passing of Kevin McCreadie, the firm’s CEO and Chief Investment Officer (CIO). Ms. Goldring is a respected leader in the asset management industry with over 30 years’ experience in a range of roles. In her most recent role as President and Head of Global Distribution, she oversaw the execution of strategic plans in support of business priorities and was instrumental in shaping business planning and direction for corporate initiatives.お知らせ • Sep 24AGF Management Limited Declares Dividend for Third Quarter 2025, Payable on October 16, 2025On September 23, 2025, the Board of Directors of AGF Management Limited declared a dividend of 12.5 cents per share on both the Class B Non-Voting shares and the Class A Voting common shares of the company. This dividend will be payable on October 16, 2025 to shareholders of record on October 9, 2025.お知らせ • Sep 06AGF Management Limited to Report Q3, 2025 Results on Sep 24, 2025AGF Management Limited announced that they will report Q3, 2025 results at 7:00 AM, US Eastern Standard Time on Sep 24, 2025お知らせ • Jul 10Agf Management Limited Appoints Chris Jackson as President & Chief Operating Officer, Effective July 10, 2025AGF Management Limited announced that Chris Jackson has been appointed President & Chief Operating Officer, AGF, effective July 10, 2025. In this expanded role, he will report to Judy overseeing the execution of strategic plans in support of business priorities and provide counsel on business planning and direction for corporate initiatives to AGF’s leadership team. Chris brings more than 35 years of experience leading organizations in the financial services and technology industries, including 14 years at AGF in progressively senior roles. He has been a member of AGF’s Executive Management Team (EMT) since 2018 assisting in the development and execution of the firm’s long-term strategy. Additionally, David Stonehouse has been appointed interim Chief Investment Officer, AGF Investments. A search process for a new CIO has been initiated. During this interim period, David, with the support of the Office of the CIO, will lead the firm’s investment management team, ensuring stability of culture and focus on delivering strong, consistent results for clients. He brings nearly three decades of portfolio management experience to this role and has served as Head of North American and Specialty portfolios for AGF Investments since 2018. Ash Lawrence, Head of AGF Capital Partners, AGF’s diversified alternatives business and member of AGF’s Executive Management Team, will serve as EMT sponsor for AGF Investments’ OCIO, a role previously held by Kevin McCreadie. In this role, Ash will provide counsel and direction to the OCIO on corporate strategic planning and decision-making.お知らせ • Jul 03+ 1 more updateAGF Management Limited Announces Chief Executive Officer Changes, Effective July 03, 2025AGF Management Limited announced the sudden passing of Kevin McCreadie, the firm’s Chief Executive Officer (CEO). Kevin joined the firm in 2014, and his leadership, vision, and dedication played a pivotal role in shaping the firm. He will be remembered for many things, in particular his passion for investment management and his focus on developing and nurturing talent for the future. Kevin will also be remembered for his personal mentorship of employees, unwavering commitment to diversity initiatives and promoting financial literacy. Given July 03, 2025 announcement, the AGF Board of Directors has activated its succession plan protocols and named Judy Goldring LL.B, LL.D, AGF’s President and Head of Global Distribution as CEO, effective July 03, 2025. Judy is a respected leader in the asset management industry with over 30 years’ experience in a range of roles. In her most recent role as President and Head of Global Distribution, she oversaw the execution of strategic plans in support of business priorities and provided frequent counsel to Kevin on business planning and direction for corporate initiatives. Judy joined AGF in 1998 in the role of General Counsel and has held several roles with increasing responsibility across the firm. Prior to being named President, she served as Executive Vice-President and Chief Operating Officer. In the role, she demonstrated leadership in promoting and supporting the firm’s operational effectiveness. Judy is also a member of the Board of Directors for AGF Management Limited and AGF Mutual Funds where she provides strategic leadership and vision that promotes AGF’s long-term growth. Outside of AGF, Judy is also Chair, Board of Directors, SIMA (formerly IFIC). Judy will work closely with AGF’s Office of the CIO – established under Kevin’s leadership – as they continue to lead AGF’s investment management team, ensuring stability of culture and focus on delivering strong, consistent investment performance for clients.お知らせ • Jun 25AGF Management Limited Declares Second Quarter 2025 Dividend, Payable on July 17, 2025On June 24, 2025, the Board of Directors of AGF Management Limited declared a dividend of 12.5 cents per share on both the Class B Non-Voting shares and the Class A Voting common shares of the company. This dividend will be payable on July 17, 2025 to shareholders of record on July 3, 2025.お知らせ • Jun 05AGF Management Limited to Report Q2, 2025 Results on Jun 25, 2025AGF Management Limited announced that they will report Q2, 2025 results at 7:00 AM, US Eastern Standard Time on Jun 25, 2025お知らせ • Apr 08AGF Management Limited Declares First Quarter 2025 Dividend, Payable April 23, 2025AGF Management Limited Board of Directors declared a First Quarter 2025 dividend of 12.5 cents per share on both the Class B Non-Voting shares and the Class A Voting common shares of the company. This dividend will be payable on April 23, 2025 to shareholders of record on April 14, 2025.お知らせ • Mar 06AGF Management Limited to Report Q1, 2025 Results on Apr 08, 2025AGF Management Limited announced that they will report Q1, 2025 results at 7:00 AM, US Eastern Standard Time on Apr 08, 2025お知らせ • Jan 07AGF Management Limited to Report Fiscal Year 2024 Results on Jan 22, 2025AGF Management Limited announced that they will report fiscal year 2024 results at 8:00 AM, Eastern Standard Time on Jan 22, 2025お知らせ • Dec 13AGF Management Limited Declares Fourth Quarter 2024 Dividend, Payable January 16, 2025AGF Management Limited declared a dividend of 11.5 cents per share on both the Class B Non-Voting shares and the Class A Voting common shares of the company. This dividend will be payable on January 16, 2025 to shareholders of record on January 8, 2025.Recent Insider Transactions • Oct 15Key Executive recently bought €70k worth of stockOn the 9th of October, Kevin McCreadie bought around 10k shares on-market at roughly €6.98 per share. This transaction amounted to 1.0% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Kevin's only on-market trade for the last 12 months.Valuation Update With 7 Day Price Move • Oct 05Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €6.60, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 10x in the Capital Markets industry in Germany. Total returns to shareholders of 49% over the past three years.Declared Dividend • Sep 29Third quarter dividend of CA$0.12 announcedShareholders will receive a dividend of CA$0.12. Ex-date: 10th October 2024 Payment date: 17th October 2024 Dividend yield will be 6.1%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (34% earnings payout ratio) and cash flows (30% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 23% over the next 3 years. However, it would need to fall by 62% to increase the payout ratio to a potentially unsustainable range.Reported Earnings • Sep 25Third quarter 2024 earnings released: EPS: CA$0.31 (vs CA$0.35 in 3Q 2023)Third quarter 2024 results: EPS: CA$0.31 (down from CA$0.35 in 3Q 2023). Revenue: CA$137.7m (up 17% from 3Q 2023). Net income: CA$20.3m (down 12% from 3Q 2023). Profit margin: 15% (down from 20% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 1.2% growth forecast for the Capital Markets industry in Germany. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.お知らせ • Sep 25AGF Management Limited Declares Third Quarter 2024 Dividend, Payable on October 17, 2024On September 24, 2024, the Board of Directors of AGF Management Limited declared a dividend of 11.5 cents per share on both the Class B Non-Voting shares and the Class A Voting common shares of the company for the third quarter 2024. This dividend will be payable on October 17, 2024 to shareholders of record on October 10, 2024.お知らせ • Sep 06AGF Management Limited to Report Q3, 2024 Results on Sep 25, 2024AGF Management Limited announced that they will report Q3, 2024 results at 8:00 AM, US Eastern Standard Time on Sep 25, 2024Recent Insider Transactions • Aug 07Director recently bought €66k worth of stockOn the 2nd of August, Laura Dottori-Attanasio bought around 13k shares on-market at roughly €5.28 per share. This transaction amounted to 98% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €846k more in shares than they have sold in the last 12 months.Declared Dividend • Jul 01Second quarter dividend of CA$0.12 announcedShareholders will receive a dividend of CA$0.12. Ex-date: 4th July 2024 Payment date: 18th July 2024 Dividend yield will be 6.3%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (33% earnings payout ratio) and cash flows (36% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 22% over the next 3 years. However, it would need to fall by 63% to increase the payout ratio to a potentially unsustainable range.Reported Earnings • Jun 27Second quarter 2024 earnings released: EPS: CA$0.28 (vs CA$0.46 in 2Q 2023)Second quarter 2024 results: EPS: CA$0.28 (down from CA$0.46 in 2Q 2023). Revenue: CA$132.3m (up 1.9% from 2Q 2023). Net income: CA$18.1m (down 40% from 2Q 2023). Profit margin: 14% (down from 23% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 2.0% growth forecast for the Capital Markets industry in Germany. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 3% per year.お知らせ • Jun 26AGF Management Limited Declares Second Quarter 2024 Dividend, Payable on July 18, 2024On June 25, 2024, the Board of Directors of AGF Management Limited declared a dividend of 11.5 cents per share on both the Class B Non-Voting shares and the Class A Voting common shares of the company for the second quarter 2024. This dividend will be payable on July 18, 2024 to shareholders of record on July 4, 2024.お知らせ • Jun 08AGF Management Limited to Report Q2, 2024 Results on Jun 26, 2024AGF Management Limited announced that they will report Q2, 2024 results at 8:00 AM, US Eastern Standard Time on Jun 26, 2024Declared Dividend • Apr 08First quarter dividend of CA$0.12 announcedShareholders will receive a dividend of CA$0.12. Ex-date: 10th April 2024 Payment date: 24th April 2024 Dividend yield will be 6.0%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (28% earnings payout ratio) and cash flows (38% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 6.8% over the next 3 years. However, it would need to fall by 68% to increase the payout ratio to a potentially unsustainable range.Reported Earnings • Apr 04First quarter 2024 earnings released: EPS: CA$0.47 (vs CA$0.27 in 1Q 2023)First quarter 2024 results: EPS: CA$0.47 (up from CA$0.27 in 1Q 2023). Revenue: CA$136.7m (up 20% from 1Q 2023). Net income: CA$30.5m (up 74% from 1Q 2023). Profit margin: 22% (up from 15% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is expected to decline by 2.2% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in Germany are expected to grow by 3.2%. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.お知らせ • Apr 04AGF Management Limited Declares Dividend for First Quarter 2024, Payable on April 24, 2024The Board of Directors of AGF Management Limited declared a dividend of 11.5 cents per share on both the Class B Non-Voting shares and the Class A Voting common shares of the company. This dividend will be payable on April 24, 2024 to shareholders of record on April 11, 2024.お知らせ • Mar 07AGF Management Limited Announces Appointment of Laura Dottori-Attanasio to the Board of Directors, Effective April 3, 2024AGF Management Limited announced the appointment of Laura Dottori-Attanasio to the AGF Board of Directors effective April 3, 2024. Ms. Dottori-Attanasio is a highly accomplished leader in the business community, currently serving as the President and CEO of Element Fleet Management (Element), the largest publicly traded pure-play automotive fleet manager in the world. Before joining Element, Ms. Dottori-Attanasio led the Personal and Business Banking division at one of Canada's largest financial institutions. Prior to this role, she oversaw the institution's Risk Management activities as the Chief Risk Officer and the Global Corporate Banking and Trading Room Credit in the Capital Markets division. In addition to her professional achievements, Ms. Dottori-Attanasio is deeply committed to making a positive impact in the community, a commitment that aligns with AGF's long-standing history of community involvement. She actively contributes to various organizations, currently serving as a board member for the Canadian Foundation for Physically Disabled Persons "A Seat at the Table," and co-chairing the Fundraising Committee for the Children's Aid Foundation of Canada. Ms. Dottori-Attanasio’s efforts and dedication have been recognized by the Association of Fundraising Professionals, where she was honored with the Outstanding Volunteer Award. Additionally, she received the prestigious King Clancy Award from the Canadian Foundation for Physically Disabled Persons. Ms. Dottori-Attanasio’s achievements have earned her a place in the WXN Top 100 ‘Most Powerful Women in Canada’ Hall of Fame.Recent Insider Transactions • Feb 01President recently bought €713k worth of stockOn the 29th of January, Judith Goldring bought around 179k shares on-market at roughly €3.99 per share. This transaction amounted to 22% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Judith's only on-market trade for the last 12 months.Reported Earnings • Jan 24Full year 2023 earnings releasedFull year 2023 results: Revenue: CA$471.8m (flat on FY 2022). Net income: CA$87.7m (up 32% from FY 2022). Profit margin: 19% (up from 14% in FY 2022). Revenue is expected to decline by 1.2% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in Germany are expected to grow by 2.4%.お知らせ • Jan 05AGF Management Limited to Report Fiscal Year 2023 Results on Jan 24, 2024AGF Management Limited announced that they will report fiscal year 2023 results at 8:00 AM, US Eastern Standard Time on Jan 24, 2024Upcoming Dividend • Dec 29Upcoming dividend of CA$0.11 per share at 5.7% yieldEligible shareholders must have bought the stock before 05 January 2024. Payment date: 16 January 2024. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 5.7%. Within top quartile of German dividend payers (5.1%). Higher than average of industry peers (2.7%).お知らせ • Dec 15AGF Management Limited Declares Dividend on Class B and A Voting Shares for the Fourth Quarter of 2023, Payable on January 16, 2024On December 14, 2023, the Board of Directors of AGF Management Limited declared a dividend of $0.11 per share on both the Class B Non-Voting shares and the Class A Voting common shares of the company. This dividend will be payable on January 16, 2024 to shareholders of record on January 8, 2024.お知らせ • Sep 28AGF Management Limited Declares Dividend on Class B and A Voting Shares for the Third Quarter of 2023, Payable on October 19, 2023On September 26, 2023, the Board of Directors of AGF Management Limited declared a dividend of $0.11 per share on both the Class B Non-Voting shares and the Class A Voting common shares of the company for third quarter of 2023. This dividend will be payable on October 19, 2023 to shareholders of record on October 11, 2023.Reported Earnings • Sep 28Third quarter 2023 earnings released: EPS: CA$0.35 (vs CA$0.33 in 3Q 2022)Third quarter 2023 results: EPS: CA$0.35 (up from CA$0.33 in 3Q 2022). Revenue: CA$117.7m (up 4.6% from 3Q 2022). Net income: CA$23.0m (up 4.0% from 3Q 2022). Profit margin: 20% (in line with 3Q 2022). Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Capital Markets industry in Germany. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.お知らせ • Sep 07AGF Management Limited to Report Q3, 2023 Results on Sep 27, 2023AGF Management Limited announced that they will report Q3, 2023 results at 8:00 AM, US Eastern Standard Time on Sep 27, 2023お知らせ • Aug 18AGF Management Limited to Report Q1, 2024 Results on Apr 04, 2024AGF Management Limited announced that they will report Q1, 2024 results on Apr 04, 2024Upcoming Dividend • Jun 29Upcoming dividend of CA$0.11 per share at 5.7% yieldEligible shareholders must have bought the stock before 06 July 2023. Payment date: 19 July 2023. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 5.7%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (3.0%).お知らせ • Jun 22AGF Management Limited Declares Dividend on Class B Non-Voting Shares and the Class A Voting Common Shares, Payable on July 19, 2023The Board of Directors of AGF Management Limited declared a dividend of $0.11 per share on both the Class B Non-Voting shares and the Class A Voting common shares of the company. This dividend will be payable on July 19, 2023 to shareholders of record on July 7, 2023.New Risk • Jun 22New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 4.7% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.Reported Earnings • Jun 22Second quarter 2023 earnings released: EPS: CA$0.46 (vs CA$0.15 in 2Q 2022)Second quarter 2023 results: EPS: CA$0.46 (up from CA$0.15 in 2Q 2022). Revenue: CA$129.8m (up 11% from 2Q 2022). Net income: CA$30.3m (up 200% from 2Q 2022). Profit margin: 23% (up from 8.6% in 2Q 2022). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings.Board Change • Jun 07Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 5 highly experienced directors. Director Cybele Negris was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.お知らせ • Jun 06AGF Management Limited to Report Q2, 2023 Results on Jun 21, 2023AGF Management Limited announced that they will report Q2, 2023 results at 8:00 AM, US Eastern Standard Time on Jun 21, 2023お知らせ • May 25AGF Management Limited Welcomes Ken Tsang as Chief Financial Officer, Effective June 1, 2023AGF Management Limited announce the appointment of industry veteran Ken Tsang to the position of Chief Financial Officer. Ken will join the organization on June 1, 2023 reporting to Kevin McCreadie, Chief Executive Officer and Chief Investment Officer, AGF. Ken is a respected and seasoned leader with nearly 30 years of experience as a strategic finance and corporate development leader in Financial Services.He was most recently the Chief Financial Officer, Head of Strategy & Business Development at Capital One Canada. Prior to this, Ken was a Vice President of Strategy at BMO Financial Group and was previously part of the Financial Institutions practice of McKinsey & Company and the Investment Banking Division of Credit Suisse First Boston. Ken brings expertise in wealth management, retail banking and capital markets, including private markets experience. Ken also has global experience working in established and start-up environments in Canada, the U.S. and Asia. Jenny Quinn will remain at AGF and will be returning to her role as Chief Accounting Officer. She will work closely with Ken on the CFO transition.Upcoming Dividend • Apr 03Upcoming dividend of CA$0.11 per share at 5.5% yieldEligible shareholders must have bought the stock before 10 April 2023. Payment date: 21 April 2023. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 5.5%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (3.2%).Recent Insider Transactions • Mar 29Key Executive recently bought €53k worth of stockOn the 24th of March, Kevin McCreadie bought around 10k shares on-market at roughly €5.31 per share. This transaction amounted to 1.3% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €69k. Despite this recent buy, Kevin has been a net seller over the last 12 months, reducing personal holdings by €228k.Board Change • Mar 27Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 7 experienced directors. 4 highly experienced directors. Director Cybele Negris was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Mar 24First quarter 2023 earnings released: EPS: CA$0.27 (vs CA$0.18 in 1Q 2022)First quarter 2023 results: EPS: CA$0.27 (up from CA$0.18 in 1Q 2022). Revenue: CA$113.9m (down 8.8% from 1Q 2022). Net income: CA$17.6m (up 37% from 1Q 2022). Profit margin: 15% (up from 10% in 1Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 37% per year, which means it is well ahead of earnings.Recent Insider Transactions • Feb 17Key Executive recently bought €69k worth of stockOn the 9th of February, Kevin McCreadie bought around 11k shares on-market at roughly €6.27 per share. This transaction amounted to 1.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent buy, Kevin has been a net seller over the last 12 months, reducing personal holdings by €281k.Reported Earnings • Jan 26Full year 2022 earnings released: EPS: CA$0.97 (vs CA$0.56 in FY 2021)Full year 2022 results: EPS: CA$0.97 (up from CA$0.56 in FY 2021). Revenue: CA$469.0m (up 1.6% from FY 2021). Net income: CA$66.6m (up 70% from FY 2021). Profit margin: 14% (up from 8.5% in FY 2021). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Capital Markets industry in Germany. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.お知らせ • Jan 06AGF Management Limited to Report Fiscal Year 2022 Results on Jan 25, 2023AGF Management Limited announced that they will report fiscal year 2022 results at 8:00 AM, US Eastern Standard Time on Jan 25, 2023Upcoming Dividend • Dec 30Upcoming dividend of CA$0.10 per shareEligible shareholders must have bought the stock before 06 January 2023. Payment date: 17 January 2023. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 5.7%. Within top quartile of German dividend payers (5.1%). Higher than average of industry peers (2.9%).Recent Insider Transactions • Dec 04Key Executive recently sold €350k worth of stockOn the 30th of November, Kevin McCreadie sold around 75k shares on-market at roughly €4.68 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Kevin's only on-market trade for the last 12 months.Upcoming Dividend • Oct 04Upcoming dividend of CA$0.10 per shareEligible shareholders must have bought the stock before 11 October 2022. Payment date: 20 October 2022. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 6.5%. Within top quartile of German dividend payers (5.7%). Higher than average of industry peers (3.2%).Reported Earnings • Sep 29Third quarter 2022 earnings releasedThird quarter 2022 results: Revenue: CA$112.5m (down 8.6% from 3Q 2021). Net income: CA$22.1m (up 49% from 3Q 2021). Profit margin: 20% (up from 12% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat during the next 3 years compared to a 5.0% growth forecast for the Capital Markets industry in Germany.Upcoming Dividend • Jun 30Upcoming dividend of CA$0.10 per shareEligible shareholders must have bought the stock before 07 July 2022. Payment date: 20 July 2022. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 6.3%. Within top quartile of German dividend payers (4.5%). Higher than average of industry peers (3.1%).Reported Earnings • Jun 24Second quarter 2022 earnings released: EPS: CA$0.15 (vs CA$0.072 in 2Q 2021)Second quarter 2022 results: EPS: CA$0.15 (up from CA$0.072 in 2Q 2021). Revenue: CA$117.5m (up 7.3% from 2Q 2021). Net income: CA$10.1m (up 101% from 2Q 2021). Profit margin: 8.6% (up from 4.6% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 4.3% compared to a 8.4% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.Board Change • Apr 27Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 5 highly experienced directors. Independent Director Ian L. Clarke was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Mar 31First quarter 2022 earnings releasedFirst quarter 2022 results: Revenue: CA$124.9m (up 17% from 1Q 2021). Net income: CA$12.9m (up 129% from 1Q 2021). Profit margin: 10% (up from 5.2% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 2.3% compared to a 7.4% decline forecast for the industry in Germany.Reported Earnings • Jan 28Full year 2021 earnings: Revenues exceed analyst expectationsFull year 2021 results: Revenue: CA$461.7m (up 5.0% from FY 2020). Net income: CA$39.3m (down 77% from FY 2020). Profit margin: 8.5% (down from 40% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.1%. Over the next year, revenue is forecast to grow 3.7% compared to a 8.7% decline forecast for the funds industry in Germany. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Dec 31Upcoming dividend of CA$0.09 per shareEligible shareholders must have bought the stock before 07 January 2022. Payment date: 18 January 2022. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 4.3%. Within top quartile of German dividend payers (3.3%). Higher than average of industry peers (2.7%).Board Change • Dec 06Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 5 highly experienced directors. CEO, Chief Investment Officer & Director Kevin McCreadie was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.Reported Earnings • Oct 01Third quarter 2021 earnings released: EPS CA$0.21 (vs CA$0.61 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CA$123.1m (down 11% from 3Q 2020). Net income: CA$14.9m (down 69% from 3Q 2020). Profit margin: 12% (down from 34% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.Reported Earnings • Jul 04Second quarter 2021 earnings released: EPS CA$0.072 (vs CA$0.068 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CA$108.3m (up 22% from 2Q 2020). Net income: CA$5.02m (down 5.7% from 2Q 2020). Profit margin: 4.6% (down from 6.0% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.Reported Earnings • Apr 01First quarter 2021 earnings releasedThe company reported a poor first quarter result with weaker earnings and profit margins, although revenues were flat. First quarter 2021 results: Revenue: CA$107.2m (flat on 1Q 2020). Net income: CA$5.61m (down 48% from 1Q 2020). Profit margin: 5.2% (down from 10% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.Is New 90 Day High Low • Mar 13New 90-day high: €4.78The company is up 35% from its price of €3.54 on 11 December 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €9.66 per share.お知らせ • Mar 05AGF Management Limited to Report Q1, 2021 Results on Mar 31, 2021AGF Management Limited announced that they will report Q1, 2021 results at 8:00 AM, US Eastern Standard Time on Mar 31, 2021Is New 90 Day High Low • Feb 04New 90-day high: €4.52The company is up 23% from its price of €3.66 on 06 November 2020. The German market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €9.27 per share.Reported Earnings • Jan 30Full year 2020 earnings released: EPS CA$2.25 (vs CA$0.61 in FY 2019)The company reported a solid full year result with improved earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: CA$439.5m (flat on FY 2019). Net income: CA$173.9m (up 263% from FY 2019). Profit margin: 40% (up from 11% in FY 2019). Funds under management (FUM) Beginning of period: CA$30.1b End of period: CA$30.0b Net inflows/outflows: CA$371.0m outflow Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.Reported Earnings • Jan 28Full year 2020 earnings releasedThe company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CA$543.9m (up 25% from FY 2019). Net income: CA$173.9m (up 263% from FY 2019). Profit margin: 32% (up from 11% in FY 2019). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 7% per year, which means it is performing significantly worse than earnings.Analyst Estimate Surprise Post Earnings • Jan 28Revenue beats expectationsRevenue exceeded analyst estimates by 27%. Over the next year, revenue is expected to shrink by 22% compared to a 11% growth forecast for the Capital Markets industry in Germany.Is New 90 Day High Low • Jan 13New 90-day high: €3.90The company is up 2.0% from its price of €3.82 on 15 October 2020. The German market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €7.20 per share.お知らせ • Dec 13AGF Management Limited to Report Q4, 2020 Results on Jan 27, 2021AGF Management Limited announced that they will report Q4, 2020 results at 8:00 AM, US Eastern Standard Time on Jan 27, 2021Is New 90 Day High Low • Oct 14New 90-day high: €3.92The company is up 23% from its price of €3.18 on 16 July 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is down 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €6.15 per share.お知らせ • Oct 05+ 1 more updateTilney Group completed the acquisition of Smith & Williamson Holdings Limited from AGF Management Limited (TSX:AGF.B) and others.Tilney Group reached an agreement to acquire Smith & Williamson Holdings Limited from AGF Management Limited (TSX:AGF.B) and others for approximately £180 million on September 19, 2019. Smith & Williamson’s shareholders will receive consideration valued at £625 million, to be satisfied through a combination of cash consideration and shares in the enlarged group. It is also proposed that Smith & Williamson will pay a special dividend to eligible shareholders from accumulated surplus reserves prior to completion. Smith & Williamson’s management shareholders will be rolling the majority of their investment into the equity of the enlarged group. At closing, AGF Management Limited will receive cash proceeds of £147.4 million and will retain approximately 2.3% interest in the newly combined entity. As of June 1, 2020, AGF Management Limited confirms that a revised transaction structure has been agreed for the proposed merger between Tilney and Smith & Williamson to create one of the U.K.'s leading integrated wealth management and professional services group. Based on the terms of the revised transaction structure, AGF estimates that it will receive total cash of approximately £180 million. On closing, AGF is expected to receive cash proceeds of approximately £150 million. In the revised transaction structure, AGF will no longer retain any equity consideration in the merged group. The merged business will be named as Tilney Smith & Williamson upon completion. The Board of Tilney Smith & Williamson will comprise representatives from both firms. The Chairman of the merged business will be Will Samuel and Chris Woodhouse will be Group’s Chief Executive Officer. Kevin Stopps and David Cobb, joint-Chief Executive Officers of Smith & Williamson, will join the Board of the enlarged group upon completion. Further details of the combined Board will be announced in due course. The merged business will have a City headquarter and 36 offices across the UK. The transaction is subject to regulatory approvals. As of June 1, 2020, the revised transaction structure will require approval by the relevant regulators, antitrust authorities and Smith & Williamson shareholders. The transaction received approval from Smith & Williamson’s shareholders on November 13, 2019. The transaction has received European commission’s approval on December 4, 2019. As of January 20, 2020, Financial Conduct Authority did not approve the transaction and the discussions with the Financial Conduct Authority are ongoing to determine the required steps forward. As of July 24, 2020, transaction now just pending approval from the Financial Conduct Authority. As of July 31, 2020, the Financial Conduct Authority approved the transaction and all relevant third-party conditions have been met. Smith & Williamson will now seek the U.K. High Court’s sanction of the merger at a hearing on August 6, 2020. The transaction is expected to complete in late January or February 2020. As of January 20, 2020, the completion of transaction may be delayed. As of March 2, 2020, the transaction is expected to complete in the second quarter of the year. As of March 26, 2020, the transaction has been further delayed due to coronavirus pandemic. As of April 15, 2020, the transaction is expected to be completed in the second half of 2020. As of June 26, 2020, transaction is expected to complete by the end of 2020. Subject to the Court sanctioning the merger at the hearing on August 6, 2020. The scheme was sanctioned by court on August 6, 2020. The transaction is now expected to complete on September 1, 2020. Evercore Inc. (NYSE:EVR) acted as financial advisor and Freshfields Bruckhaus Deringer LLP acted as legal advisor to Tilney. Alistair McKay, Garth Hackshall, Rob Mann, Tiber Karadag, Emily Cripps and Myles Phillips of Keefe, Bruyette & Woods acted as financial advisor and Tom Rose, Rob Collard, Mark Baldwin, Kirstie Hutchinson, Paul Ellison, Luke Powell, John Dodsworth, Thomas French, Olivia Seeley, Emma Bailey, Saba Palizi, Paddy Croft, Mark Petch, Imogen Benson, Tim Plews and Martin Coombes of Macfarlanes LLP acted as legal advisor to Smith & Williamson. Spencer House Partners LLP acted as financial advisor and DAC Beachcroft LLP acted as legal advisor to AGF Management Limited. Tilney Group completed the acquisition of Smith & Williamson Holdings Limited from AGF Management Limited (TSX:AGF.B) and others on September 1, 2020. The Group has now been renamed Tilney Smith & Williamson with effect from September 1, 2020. There will be no immediate changes to its existing principal client facing brands: Tilney, Smith & Williamson and Bestinvest.Is New 90 Day High Low • Sep 25New 90-day high: €3.76The company is up 18% from its price of €3.18 on 26 June 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is down 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €6.92 per share.Reported Earnings • Sep 25Third quarter earnings releasedOver the last 12 months the company has reported total profits of CA$85.6m, up 111% from the prior year. Total revenue was CA$449.1m over the last 12 months, up 4.3% from the prior year.お知らせ • Sep 24AGF Management Limited and the SAF Group Extend PartnershipAGF Management Limited announced it is accelerating the firm’s commitment to its private alternatives business through an expanded partnership with the SAF Group (SAF), securing the opportunity to increase its ownership over time. AGF has entered into a definitive option agreement with SAF which grants AGF the right to acquire management fee earnings of select SAF funds, and any new private credit funds, exercisable at any time over the next 12 months. While the extension of AGF and SAF’s partnership is initially focused on bringing new investment products to market, including opportunistic funds in late 2020, the option agreement also creates a path forward to a joint private credit firm in the future that is well-positioned to capitalize on the expected growth in private debt investments. Later this year, AGF and SAF expect to initially bring to market a direct lending private credit strategy for institutional and high-net worth investors, with a focus on originating, structuring and lending to middle and lower middle market companies, primarily in Canada and the United States. The General Partner expects to make a capital commitment of $15M to the fund. Subsequently, AGF and SAF will bring to market offerings with varying liquidity and return profiles designed to meet the needs of a wider audience and different segments of the investor market.お知らせ • Sep 22AGF Management Limited (AGF) and WaveFront Global Asset Management Corp. Partner to Deliver Investment Management Capabilities to Rapidly Growing China and South Korea MarketsAGF Management Limited (AGF) and WaveFront Global Asset Management Corp. (WaveFront) announced the launch of AGFWave Asset Management Inc. (AGFWave), a new joint venture for providing asset management services and products in China and South Korea. AGFWave combines AGF’s investment expertise and global brand strength with WaveFront’s existing distribution capabilities in China and South Korea, including partnerships with industry leaders in both regions. Initially, members of AGF’s quantitative investment team AGFiQ, will work together with members of WaveFront’s team as AGFWave’s Investment Committee. AGFiQ’s existing investment management resources and capabilities are a strong fit for WaveFront, aligning to a similar quantitative investment philosophy and boasting demonstrated strong track records in key areas of focus for these markets. In addition to taking over investment management duties for existing market differentiated investment products on behalf of partners and clients, AGFWave will also be responsible for new product development in these markets, working closely with both Chinese and South Korean partners on exploring future opportunities to bring AGF’s other quantitative and complementary fundamental investment management capabilities to these rapidly growing markets. AGFWave, with its partners in China, is also positioned to offer China A-share products to Institutional investors globally.お知らせ • Sep 05AGF Management Limited to Report Q3, 2020 Results on Sep 23, 2020AGF Management Limited announced that they will report Q3, 2020 results at 8:00 AM, US Eastern Standard Time on Sep 23, 2020株主還元A3JDE Capital MarketsDE 市場7D-1.4%-1.2%0.1%1Y80.6%10.9%-0.5%株主還元を見る業界別リターン: A3J過去 1 年間で10.9 % の収益を上げたGerman Capital Markets業界を上回りました。リターン対市場: A3J過去 1 年間で-0.5 % の収益を上げたGerman市場を上回りました。価格変動Is A3J's price volatile compared to industry and market?A3J volatilityA3J Average Weekly Movement4.6%Capital Markets Industry Average Movement4.0%Market Average Movement5.3%10% most volatile stocks in DE Market12.7%10% least volatile stocks in DE Market2.7%安定した株価: A3J 、 German市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: A3Jの 週次ボラティリティ ( 5% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト1957n/aJudy Goldringwww.agf.comAGFマネジメント・リミテッドは、カナダ全土にオフィスを構え、世界中に子会社を持つカナダ有数の投資運用会社です。2007年、AGFは50周年を迎え、カナダ国民に富の連続体にわたる革新的な投資ソリューションを提供している。AGFの商品とサービスには、50以上の投資信託、進化したAGFエレメンツ・ポートフォリオ、ハーモニー資産運用プログラム、AGFプライベート投資管理、機関投資家向け口座サービス、AGFトラストGIC、ローン、住宅ローンなど、多様なファミリーが含まれる。運用資産総額は約530億ドルで、AGFは100万人以上の投資家にサービスを提供している。AGFマネジメント・リミテッドは1957年に設立され、カナダを拠点としている。もっと見るAGF Management Limited 基礎のまとめAGF Management の収益と売上を時価総額と比較するとどうか。A3J 基礎統計学時価総額€910.73m収益（TTM）€85.93m売上高(TTM)€377.44m10.6xPER（株価収益率2.4xP/SレシオA3J は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計A3J 損益計算書（TTM）収益CA$604.80m売上原価CA$0売上総利益CA$604.80mその他の費用CA$467.12m収益CA$137.69m直近の収益報告May 31, 2026次回決算日該当なし一株当たり利益（EPS）2.15グロス・マージン100.00%純利益率22.77%有利子負債／自己資本比率8.3%A3J の長期的なパフォーマンスは？過去の実績と比較を見る配当金2.4%現在の配当利回り24%配当性向View Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/07/23 02:42終値2026/07/23 00:00収益2026/05/31年間収益2025/11/30データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋AGF Management Limited 6 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。14 アナリスト機関Jeffrey FenwickATB Cormark Historical (Cormark Securities)John AikenBarclaysTom MacKinnonBMO Capital Markets Equity Research11 その他のアナリストを表示
Declared Dividend • Jun 28Second quarter dividend of CA$0.14 announcedShareholders will receive a dividend of CA$0.14. Ex-date: 2nd July 2026 Payment date: 16th July 2026 Dividend yield will be 3.2%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (24% earnings payout ratio) and cash flows (29% cash payout ratio). The dividend has increased by an average of 5.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 11% over the next 3 years. However, it would need to fall by 73% to increase the payout ratio to a potentially unsustainable range.
お知らせ • Jun 24AGF Management Limited Declares Dividend for Second Quarter 2026, Payable on July 16, 2026On June 23, 2026, the Board of Directors of AGF Management Limited declared a dividend of 13.5 cents per share on both the Class B Non-Voting shares and the Class A Voting common shares of the company. This dividend will be payable on July 16, 2026 to shareholders of record on July 2, 2026.
お知らせ • Jun 05AGF Management Limited to Report Q2, 2026 Results on Jun 24, 2026AGF Management Limited announced that they will report Q2, 2026 results at 7:00 AM, US Eastern Standard Time on Jun 24, 2026
Board Change • May 20Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 6 highly experienced directors. Independent Director Laura Dottori-Attanasio was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Apr 15AGF Management Limited Declares First Quarter 2026 Dividend on Both the Class B Non-Voting Shares and the Class A Voting Common Shares, Payable on April 30, 2026On April 13, 2026, the Board of Directors of AGF Management Limited declared a dividend of 13.5 cents per share on both the Class B Non-Voting shares and the Class A Voting common shares of the company. This dividend will be payable on April 30, 2026 to shareholders of record on April 21, 2026.
お知らせ • Apr 09AGF Management Limited Launches Capitol Signals Subscription-Based NewsletterAGF Management Limited announced that Henrietta Treyz, Co-Founder and Director of Economic Policy at Veda Partners, will become a regular contributor as the firm launches Capitol Signals, a subscription-based newsletter. She will provide subscribers with weekly and ad hoc insights into how U.S. policy and political developments may impact global markets. Issues such as tariffs, fiscal stimulus, tax policy, the debt ceiling, and other key economic priorities in Washington, D.C will be covered. Ms. Treyz will also participate in client events and select speaking engagements, helping to deepen relationships and bring timely policy insights directly to AGF’s clients. A frequent guest on CNBC, Bloomberg and BNN, Henrietta’s insights are shaped by her extensive relationships across administrations, federal agencies, the Senate, and the House, spanning the political spectrum. The addition of Henrietta supports AGF’s efforts to deliver timely, thoughtful and differentiated insights to clients, while leveraging the depth of expertise across the firm’s internal teams and external partners.
Declared Dividend • Jun 28Second quarter dividend of CA$0.14 announcedShareholders will receive a dividend of CA$0.14. Ex-date: 2nd July 2026 Payment date: 16th July 2026 Dividend yield will be 3.2%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (24% earnings payout ratio) and cash flows (29% cash payout ratio). The dividend has increased by an average of 5.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 11% over the next 3 years. However, it would need to fall by 73% to increase the payout ratio to a potentially unsustainable range.
お知らせ • Jun 24AGF Management Limited Declares Dividend for Second Quarter 2026, Payable on July 16, 2026On June 23, 2026, the Board of Directors of AGF Management Limited declared a dividend of 13.5 cents per share on both the Class B Non-Voting shares and the Class A Voting common shares of the company. This dividend will be payable on July 16, 2026 to shareholders of record on July 2, 2026.
お知らせ • Jun 05AGF Management Limited to Report Q2, 2026 Results on Jun 24, 2026AGF Management Limited announced that they will report Q2, 2026 results at 7:00 AM, US Eastern Standard Time on Jun 24, 2026
Board Change • May 20Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 6 highly experienced directors. Independent Director Laura Dottori-Attanasio was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Apr 15AGF Management Limited Declares First Quarter 2026 Dividend on Both the Class B Non-Voting Shares and the Class A Voting Common Shares, Payable on April 30, 2026On April 13, 2026, the Board of Directors of AGF Management Limited declared a dividend of 13.5 cents per share on both the Class B Non-Voting shares and the Class A Voting common shares of the company. This dividend will be payable on April 30, 2026 to shareholders of record on April 21, 2026.
お知らせ • Apr 09AGF Management Limited Launches Capitol Signals Subscription-Based NewsletterAGF Management Limited announced that Henrietta Treyz, Co-Founder and Director of Economic Policy at Veda Partners, will become a regular contributor as the firm launches Capitol Signals, a subscription-based newsletter. She will provide subscribers with weekly and ad hoc insights into how U.S. policy and political developments may impact global markets. Issues such as tariffs, fiscal stimulus, tax policy, the debt ceiling, and other key economic priorities in Washington, D.C will be covered. Ms. Treyz will also participate in client events and select speaking engagements, helping to deepen relationships and bring timely policy insights directly to AGF’s clients. A frequent guest on CNBC, Bloomberg and BNN, Henrietta’s insights are shaped by her extensive relationships across administrations, federal agencies, the Senate, and the House, spanning the political spectrum. The addition of Henrietta supports AGF’s efforts to deliver timely, thoughtful and differentiated insights to clients, while leveraging the depth of expertise across the firm’s internal teams and external partners.
お知らせ • Mar 05AGF Management Limited to Report Q1, 2026 Results on Apr 14, 2026AGF Management Limited announced that they will report Q1, 2026 results at 7:00 AM, US Eastern Standard Time on Apr 14, 2026
お知らせ • Jan 07AGF Management Limited to Report Fiscal Year 2025 Results on Jan 27, 2026AGF Management Limited announced that they will report fiscal year 2025 results at 7:00 AM, US Eastern Standard Time on Jan 27, 2026
お知らせ • Dec 09AGF Management Limited Declares Dividend on Both the Class B Non-Voting Shares and the Class A Voting Common Shares for Fourth Quarter 2025, Payable on January 15, 2026On December 8, 2025, the Board of Directors of AGF Management Limited declared a dividend of 12.5 cents per share on both the Class B Non-Voting shares and the Class A Voting common shares of the company. This dividend will be payable on January 15, 2026 to shareholders of record on January 7, 2026.
お知らせ • Sep 27+ 1 more updateAGF Management Limited Names Judy Goldring as Chief Executive OfficerAGF Management Limited named Judy Goldring Chief Executive Officer (CEO) following the passing of Kevin McCreadie, the firm’s CEO and Chief Investment Officer (CIO). Ms. Goldring is a respected leader in the asset management industry with over 30 years’ experience in a range of roles. In her most recent role as President and Head of Global Distribution, she oversaw the execution of strategic plans in support of business priorities and was instrumental in shaping business planning and direction for corporate initiatives.
お知らせ • Sep 24AGF Management Limited Declares Dividend for Third Quarter 2025, Payable on October 16, 2025On September 23, 2025, the Board of Directors of AGF Management Limited declared a dividend of 12.5 cents per share on both the Class B Non-Voting shares and the Class A Voting common shares of the company. This dividend will be payable on October 16, 2025 to shareholders of record on October 9, 2025.
お知らせ • Sep 06AGF Management Limited to Report Q3, 2025 Results on Sep 24, 2025AGF Management Limited announced that they will report Q3, 2025 results at 7:00 AM, US Eastern Standard Time on Sep 24, 2025
お知らせ • Jul 10Agf Management Limited Appoints Chris Jackson as President & Chief Operating Officer, Effective July 10, 2025AGF Management Limited announced that Chris Jackson has been appointed President & Chief Operating Officer, AGF, effective July 10, 2025. In this expanded role, he will report to Judy overseeing the execution of strategic plans in support of business priorities and provide counsel on business planning and direction for corporate initiatives to AGF’s leadership team. Chris brings more than 35 years of experience leading organizations in the financial services and technology industries, including 14 years at AGF in progressively senior roles. He has been a member of AGF’s Executive Management Team (EMT) since 2018 assisting in the development and execution of the firm’s long-term strategy. Additionally, David Stonehouse has been appointed interim Chief Investment Officer, AGF Investments. A search process for a new CIO has been initiated. During this interim period, David, with the support of the Office of the CIO, will lead the firm’s investment management team, ensuring stability of culture and focus on delivering strong, consistent results for clients. He brings nearly three decades of portfolio management experience to this role and has served as Head of North American and Specialty portfolios for AGF Investments since 2018. Ash Lawrence, Head of AGF Capital Partners, AGF’s diversified alternatives business and member of AGF’s Executive Management Team, will serve as EMT sponsor for AGF Investments’ OCIO, a role previously held by Kevin McCreadie. In this role, Ash will provide counsel and direction to the OCIO on corporate strategic planning and decision-making.
お知らせ • Jul 03+ 1 more updateAGF Management Limited Announces Chief Executive Officer Changes, Effective July 03, 2025AGF Management Limited announced the sudden passing of Kevin McCreadie, the firm’s Chief Executive Officer (CEO). Kevin joined the firm in 2014, and his leadership, vision, and dedication played a pivotal role in shaping the firm. He will be remembered for many things, in particular his passion for investment management and his focus on developing and nurturing talent for the future. Kevin will also be remembered for his personal mentorship of employees, unwavering commitment to diversity initiatives and promoting financial literacy. Given July 03, 2025 announcement, the AGF Board of Directors has activated its succession plan protocols and named Judy Goldring LL.B, LL.D, AGF’s President and Head of Global Distribution as CEO, effective July 03, 2025. Judy is a respected leader in the asset management industry with over 30 years’ experience in a range of roles. In her most recent role as President and Head of Global Distribution, she oversaw the execution of strategic plans in support of business priorities and provided frequent counsel to Kevin on business planning and direction for corporate initiatives. Judy joined AGF in 1998 in the role of General Counsel and has held several roles with increasing responsibility across the firm. Prior to being named President, she served as Executive Vice-President and Chief Operating Officer. In the role, she demonstrated leadership in promoting and supporting the firm’s operational effectiveness. Judy is also a member of the Board of Directors for AGF Management Limited and AGF Mutual Funds where she provides strategic leadership and vision that promotes AGF’s long-term growth. Outside of AGF, Judy is also Chair, Board of Directors, SIMA (formerly IFIC). Judy will work closely with AGF’s Office of the CIO – established under Kevin’s leadership – as they continue to lead AGF’s investment management team, ensuring stability of culture and focus on delivering strong, consistent investment performance for clients.
お知らせ • Jun 25AGF Management Limited Declares Second Quarter 2025 Dividend, Payable on July 17, 2025On June 24, 2025, the Board of Directors of AGF Management Limited declared a dividend of 12.5 cents per share on both the Class B Non-Voting shares and the Class A Voting common shares of the company. This dividend will be payable on July 17, 2025 to shareholders of record on July 3, 2025.
お知らせ • Jun 05AGF Management Limited to Report Q2, 2025 Results on Jun 25, 2025AGF Management Limited announced that they will report Q2, 2025 results at 7:00 AM, US Eastern Standard Time on Jun 25, 2025
お知らせ • Apr 08AGF Management Limited Declares First Quarter 2025 Dividend, Payable April 23, 2025AGF Management Limited Board of Directors declared a First Quarter 2025 dividend of 12.5 cents per share on both the Class B Non-Voting shares and the Class A Voting common shares of the company. This dividend will be payable on April 23, 2025 to shareholders of record on April 14, 2025.
お知らせ • Mar 06AGF Management Limited to Report Q1, 2025 Results on Apr 08, 2025AGF Management Limited announced that they will report Q1, 2025 results at 7:00 AM, US Eastern Standard Time on Apr 08, 2025
お知らせ • Jan 07AGF Management Limited to Report Fiscal Year 2024 Results on Jan 22, 2025AGF Management Limited announced that they will report fiscal year 2024 results at 8:00 AM, Eastern Standard Time on Jan 22, 2025
お知らせ • Dec 13AGF Management Limited Declares Fourth Quarter 2024 Dividend, Payable January 16, 2025AGF Management Limited declared a dividend of 11.5 cents per share on both the Class B Non-Voting shares and the Class A Voting common shares of the company. This dividend will be payable on January 16, 2025 to shareholders of record on January 8, 2025.
Recent Insider Transactions • Oct 15Key Executive recently bought €70k worth of stockOn the 9th of October, Kevin McCreadie bought around 10k shares on-market at roughly €6.98 per share. This transaction amounted to 1.0% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Kevin's only on-market trade for the last 12 months.
Valuation Update With 7 Day Price Move • Oct 05Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €6.60, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 10x in the Capital Markets industry in Germany. Total returns to shareholders of 49% over the past three years.
Declared Dividend • Sep 29Third quarter dividend of CA$0.12 announcedShareholders will receive a dividend of CA$0.12. Ex-date: 10th October 2024 Payment date: 17th October 2024 Dividend yield will be 6.1%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (34% earnings payout ratio) and cash flows (30% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 23% over the next 3 years. However, it would need to fall by 62% to increase the payout ratio to a potentially unsustainable range.
Reported Earnings • Sep 25Third quarter 2024 earnings released: EPS: CA$0.31 (vs CA$0.35 in 3Q 2023)Third quarter 2024 results: EPS: CA$0.31 (down from CA$0.35 in 3Q 2023). Revenue: CA$137.7m (up 17% from 3Q 2023). Net income: CA$20.3m (down 12% from 3Q 2023). Profit margin: 15% (down from 20% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 1.2% growth forecast for the Capital Markets industry in Germany. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
お知らせ • Sep 25AGF Management Limited Declares Third Quarter 2024 Dividend, Payable on October 17, 2024On September 24, 2024, the Board of Directors of AGF Management Limited declared a dividend of 11.5 cents per share on both the Class B Non-Voting shares and the Class A Voting common shares of the company for the third quarter 2024. This dividend will be payable on October 17, 2024 to shareholders of record on October 10, 2024.
お知らせ • Sep 06AGF Management Limited to Report Q3, 2024 Results on Sep 25, 2024AGF Management Limited announced that they will report Q3, 2024 results at 8:00 AM, US Eastern Standard Time on Sep 25, 2024
Recent Insider Transactions • Aug 07Director recently bought €66k worth of stockOn the 2nd of August, Laura Dottori-Attanasio bought around 13k shares on-market at roughly €5.28 per share. This transaction amounted to 98% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €846k more in shares than they have sold in the last 12 months.
Declared Dividend • Jul 01Second quarter dividend of CA$0.12 announcedShareholders will receive a dividend of CA$0.12. Ex-date: 4th July 2024 Payment date: 18th July 2024 Dividend yield will be 6.3%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (33% earnings payout ratio) and cash flows (36% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 22% over the next 3 years. However, it would need to fall by 63% to increase the payout ratio to a potentially unsustainable range.
Reported Earnings • Jun 27Second quarter 2024 earnings released: EPS: CA$0.28 (vs CA$0.46 in 2Q 2023)Second quarter 2024 results: EPS: CA$0.28 (down from CA$0.46 in 2Q 2023). Revenue: CA$132.3m (up 1.9% from 2Q 2023). Net income: CA$18.1m (down 40% from 2Q 2023). Profit margin: 14% (down from 23% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 2.0% growth forecast for the Capital Markets industry in Germany. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 3% per year.
お知らせ • Jun 26AGF Management Limited Declares Second Quarter 2024 Dividend, Payable on July 18, 2024On June 25, 2024, the Board of Directors of AGF Management Limited declared a dividend of 11.5 cents per share on both the Class B Non-Voting shares and the Class A Voting common shares of the company for the second quarter 2024. This dividend will be payable on July 18, 2024 to shareholders of record on July 4, 2024.
お知らせ • Jun 08AGF Management Limited to Report Q2, 2024 Results on Jun 26, 2024AGF Management Limited announced that they will report Q2, 2024 results at 8:00 AM, US Eastern Standard Time on Jun 26, 2024
Declared Dividend • Apr 08First quarter dividend of CA$0.12 announcedShareholders will receive a dividend of CA$0.12. Ex-date: 10th April 2024 Payment date: 24th April 2024 Dividend yield will be 6.0%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (28% earnings payout ratio) and cash flows (38% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 6.8% over the next 3 years. However, it would need to fall by 68% to increase the payout ratio to a potentially unsustainable range.
Reported Earnings • Apr 04First quarter 2024 earnings released: EPS: CA$0.47 (vs CA$0.27 in 1Q 2023)First quarter 2024 results: EPS: CA$0.47 (up from CA$0.27 in 1Q 2023). Revenue: CA$136.7m (up 20% from 1Q 2023). Net income: CA$30.5m (up 74% from 1Q 2023). Profit margin: 22% (up from 15% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is expected to decline by 2.2% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in Germany are expected to grow by 3.2%. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.
お知らせ • Apr 04AGF Management Limited Declares Dividend for First Quarter 2024, Payable on April 24, 2024The Board of Directors of AGF Management Limited declared a dividend of 11.5 cents per share on both the Class B Non-Voting shares and the Class A Voting common shares of the company. This dividend will be payable on April 24, 2024 to shareholders of record on April 11, 2024.
お知らせ • Mar 07AGF Management Limited Announces Appointment of Laura Dottori-Attanasio to the Board of Directors, Effective April 3, 2024AGF Management Limited announced the appointment of Laura Dottori-Attanasio to the AGF Board of Directors effective April 3, 2024. Ms. Dottori-Attanasio is a highly accomplished leader in the business community, currently serving as the President and CEO of Element Fleet Management (Element), the largest publicly traded pure-play automotive fleet manager in the world. Before joining Element, Ms. Dottori-Attanasio led the Personal and Business Banking division at one of Canada's largest financial institutions. Prior to this role, she oversaw the institution's Risk Management activities as the Chief Risk Officer and the Global Corporate Banking and Trading Room Credit in the Capital Markets division. In addition to her professional achievements, Ms. Dottori-Attanasio is deeply committed to making a positive impact in the community, a commitment that aligns with AGF's long-standing history of community involvement. She actively contributes to various organizations, currently serving as a board member for the Canadian Foundation for Physically Disabled Persons "A Seat at the Table," and co-chairing the Fundraising Committee for the Children's Aid Foundation of Canada. Ms. Dottori-Attanasio’s efforts and dedication have been recognized by the Association of Fundraising Professionals, where she was honored with the Outstanding Volunteer Award. Additionally, she received the prestigious King Clancy Award from the Canadian Foundation for Physically Disabled Persons. Ms. Dottori-Attanasio’s achievements have earned her a place in the WXN Top 100 ‘Most Powerful Women in Canada’ Hall of Fame.
Recent Insider Transactions • Feb 01President recently bought €713k worth of stockOn the 29th of January, Judith Goldring bought around 179k shares on-market at roughly €3.99 per share. This transaction amounted to 22% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Judith's only on-market trade for the last 12 months.
Reported Earnings • Jan 24Full year 2023 earnings releasedFull year 2023 results: Revenue: CA$471.8m (flat on FY 2022). Net income: CA$87.7m (up 32% from FY 2022). Profit margin: 19% (up from 14% in FY 2022). Revenue is expected to decline by 1.2% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in Germany are expected to grow by 2.4%.
お知らせ • Jan 05AGF Management Limited to Report Fiscal Year 2023 Results on Jan 24, 2024AGF Management Limited announced that they will report fiscal year 2023 results at 8:00 AM, US Eastern Standard Time on Jan 24, 2024
Upcoming Dividend • Dec 29Upcoming dividend of CA$0.11 per share at 5.7% yieldEligible shareholders must have bought the stock before 05 January 2024. Payment date: 16 January 2024. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 5.7%. Within top quartile of German dividend payers (5.1%). Higher than average of industry peers (2.7%).
お知らせ • Dec 15AGF Management Limited Declares Dividend on Class B and A Voting Shares for the Fourth Quarter of 2023, Payable on January 16, 2024On December 14, 2023, the Board of Directors of AGF Management Limited declared a dividend of $0.11 per share on both the Class B Non-Voting shares and the Class A Voting common shares of the company. This dividend will be payable on January 16, 2024 to shareholders of record on January 8, 2024.
お知らせ • Sep 28AGF Management Limited Declares Dividend on Class B and A Voting Shares for the Third Quarter of 2023, Payable on October 19, 2023On September 26, 2023, the Board of Directors of AGF Management Limited declared a dividend of $0.11 per share on both the Class B Non-Voting shares and the Class A Voting common shares of the company for third quarter of 2023. This dividend will be payable on October 19, 2023 to shareholders of record on October 11, 2023.
Reported Earnings • Sep 28Third quarter 2023 earnings released: EPS: CA$0.35 (vs CA$0.33 in 3Q 2022)Third quarter 2023 results: EPS: CA$0.35 (up from CA$0.33 in 3Q 2022). Revenue: CA$117.7m (up 4.6% from 3Q 2022). Net income: CA$23.0m (up 4.0% from 3Q 2022). Profit margin: 20% (in line with 3Q 2022). Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Capital Markets industry in Germany. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.
お知らせ • Sep 07AGF Management Limited to Report Q3, 2023 Results on Sep 27, 2023AGF Management Limited announced that they will report Q3, 2023 results at 8:00 AM, US Eastern Standard Time on Sep 27, 2023
お知らせ • Aug 18AGF Management Limited to Report Q1, 2024 Results on Apr 04, 2024AGF Management Limited announced that they will report Q1, 2024 results on Apr 04, 2024
Upcoming Dividend • Jun 29Upcoming dividend of CA$0.11 per share at 5.7% yieldEligible shareholders must have bought the stock before 06 July 2023. Payment date: 19 July 2023. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 5.7%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (3.0%).
お知らせ • Jun 22AGF Management Limited Declares Dividend on Class B Non-Voting Shares and the Class A Voting Common Shares, Payable on July 19, 2023The Board of Directors of AGF Management Limited declared a dividend of $0.11 per share on both the Class B Non-Voting shares and the Class A Voting common shares of the company. This dividend will be payable on July 19, 2023 to shareholders of record on July 7, 2023.
New Risk • Jun 22New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 4.7% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.
Reported Earnings • Jun 22Second quarter 2023 earnings released: EPS: CA$0.46 (vs CA$0.15 in 2Q 2022)Second quarter 2023 results: EPS: CA$0.46 (up from CA$0.15 in 2Q 2022). Revenue: CA$129.8m (up 11% from 2Q 2022). Net income: CA$30.3m (up 200% from 2Q 2022). Profit margin: 23% (up from 8.6% in 2Q 2022). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings.
Board Change • Jun 07Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 5 highly experienced directors. Director Cybele Negris was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Jun 06AGF Management Limited to Report Q2, 2023 Results on Jun 21, 2023AGF Management Limited announced that they will report Q2, 2023 results at 8:00 AM, US Eastern Standard Time on Jun 21, 2023
お知らせ • May 25AGF Management Limited Welcomes Ken Tsang as Chief Financial Officer, Effective June 1, 2023AGF Management Limited announce the appointment of industry veteran Ken Tsang to the position of Chief Financial Officer. Ken will join the organization on June 1, 2023 reporting to Kevin McCreadie, Chief Executive Officer and Chief Investment Officer, AGF. Ken is a respected and seasoned leader with nearly 30 years of experience as a strategic finance and corporate development leader in Financial Services.He was most recently the Chief Financial Officer, Head of Strategy & Business Development at Capital One Canada. Prior to this, Ken was a Vice President of Strategy at BMO Financial Group and was previously part of the Financial Institutions practice of McKinsey & Company and the Investment Banking Division of Credit Suisse First Boston. Ken brings expertise in wealth management, retail banking and capital markets, including private markets experience. Ken also has global experience working in established and start-up environments in Canada, the U.S. and Asia. Jenny Quinn will remain at AGF and will be returning to her role as Chief Accounting Officer. She will work closely with Ken on the CFO transition.
Upcoming Dividend • Apr 03Upcoming dividend of CA$0.11 per share at 5.5% yieldEligible shareholders must have bought the stock before 10 April 2023. Payment date: 21 April 2023. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 5.5%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (3.2%).
Recent Insider Transactions • Mar 29Key Executive recently bought €53k worth of stockOn the 24th of March, Kevin McCreadie bought around 10k shares on-market at roughly €5.31 per share. This transaction amounted to 1.3% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €69k. Despite this recent buy, Kevin has been a net seller over the last 12 months, reducing personal holdings by €228k.
Board Change • Mar 27Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 7 experienced directors. 4 highly experienced directors. Director Cybele Negris was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Mar 24First quarter 2023 earnings released: EPS: CA$0.27 (vs CA$0.18 in 1Q 2022)First quarter 2023 results: EPS: CA$0.27 (up from CA$0.18 in 1Q 2022). Revenue: CA$113.9m (down 8.8% from 1Q 2022). Net income: CA$17.6m (up 37% from 1Q 2022). Profit margin: 15% (up from 10% in 1Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 37% per year, which means it is well ahead of earnings.
Recent Insider Transactions • Feb 17Key Executive recently bought €69k worth of stockOn the 9th of February, Kevin McCreadie bought around 11k shares on-market at roughly €6.27 per share. This transaction amounted to 1.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent buy, Kevin has been a net seller over the last 12 months, reducing personal holdings by €281k.
Reported Earnings • Jan 26Full year 2022 earnings released: EPS: CA$0.97 (vs CA$0.56 in FY 2021)Full year 2022 results: EPS: CA$0.97 (up from CA$0.56 in FY 2021). Revenue: CA$469.0m (up 1.6% from FY 2021). Net income: CA$66.6m (up 70% from FY 2021). Profit margin: 14% (up from 8.5% in FY 2021). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Capital Markets industry in Germany. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
お知らせ • Jan 06AGF Management Limited to Report Fiscal Year 2022 Results on Jan 25, 2023AGF Management Limited announced that they will report fiscal year 2022 results at 8:00 AM, US Eastern Standard Time on Jan 25, 2023
Upcoming Dividend • Dec 30Upcoming dividend of CA$0.10 per shareEligible shareholders must have bought the stock before 06 January 2023. Payment date: 17 January 2023. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 5.7%. Within top quartile of German dividend payers (5.1%). Higher than average of industry peers (2.9%).
Recent Insider Transactions • Dec 04Key Executive recently sold €350k worth of stockOn the 30th of November, Kevin McCreadie sold around 75k shares on-market at roughly €4.68 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Kevin's only on-market trade for the last 12 months.
Upcoming Dividend • Oct 04Upcoming dividend of CA$0.10 per shareEligible shareholders must have bought the stock before 11 October 2022. Payment date: 20 October 2022. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 6.5%. Within top quartile of German dividend payers (5.7%). Higher than average of industry peers (3.2%).
Reported Earnings • Sep 29Third quarter 2022 earnings releasedThird quarter 2022 results: Revenue: CA$112.5m (down 8.6% from 3Q 2021). Net income: CA$22.1m (up 49% from 3Q 2021). Profit margin: 20% (up from 12% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat during the next 3 years compared to a 5.0% growth forecast for the Capital Markets industry in Germany.
Upcoming Dividend • Jun 30Upcoming dividend of CA$0.10 per shareEligible shareholders must have bought the stock before 07 July 2022. Payment date: 20 July 2022. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 6.3%. Within top quartile of German dividend payers (4.5%). Higher than average of industry peers (3.1%).
Reported Earnings • Jun 24Second quarter 2022 earnings released: EPS: CA$0.15 (vs CA$0.072 in 2Q 2021)Second quarter 2022 results: EPS: CA$0.15 (up from CA$0.072 in 2Q 2021). Revenue: CA$117.5m (up 7.3% from 2Q 2021). Net income: CA$10.1m (up 101% from 2Q 2021). Profit margin: 8.6% (up from 4.6% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 4.3% compared to a 8.4% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.
Board Change • Apr 27Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 5 highly experienced directors. Independent Director Ian L. Clarke was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Mar 31First quarter 2022 earnings releasedFirst quarter 2022 results: Revenue: CA$124.9m (up 17% from 1Q 2021). Net income: CA$12.9m (up 129% from 1Q 2021). Profit margin: 10% (up from 5.2% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 2.3% compared to a 7.4% decline forecast for the industry in Germany.
Reported Earnings • Jan 28Full year 2021 earnings: Revenues exceed analyst expectationsFull year 2021 results: Revenue: CA$461.7m (up 5.0% from FY 2020). Net income: CA$39.3m (down 77% from FY 2020). Profit margin: 8.5% (down from 40% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.1%. Over the next year, revenue is forecast to grow 3.7% compared to a 8.7% decline forecast for the funds industry in Germany. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Dec 31Upcoming dividend of CA$0.09 per shareEligible shareholders must have bought the stock before 07 January 2022. Payment date: 18 January 2022. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 4.3%. Within top quartile of German dividend payers (3.3%). Higher than average of industry peers (2.7%).
Board Change • Dec 06Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 5 highly experienced directors. CEO, Chief Investment Officer & Director Kevin McCreadie was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
Reported Earnings • Oct 01Third quarter 2021 earnings released: EPS CA$0.21 (vs CA$0.61 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CA$123.1m (down 11% from 3Q 2020). Net income: CA$14.9m (down 69% from 3Q 2020). Profit margin: 12% (down from 34% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Jul 04Second quarter 2021 earnings released: EPS CA$0.072 (vs CA$0.068 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CA$108.3m (up 22% from 2Q 2020). Net income: CA$5.02m (down 5.7% from 2Q 2020). Profit margin: 4.6% (down from 6.0% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Apr 01First quarter 2021 earnings releasedThe company reported a poor first quarter result with weaker earnings and profit margins, although revenues were flat. First quarter 2021 results: Revenue: CA$107.2m (flat on 1Q 2020). Net income: CA$5.61m (down 48% from 1Q 2020). Profit margin: 5.2% (down from 10% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
Is New 90 Day High Low • Mar 13New 90-day high: €4.78The company is up 35% from its price of €3.54 on 11 December 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €9.66 per share.
お知らせ • Mar 05AGF Management Limited to Report Q1, 2021 Results on Mar 31, 2021AGF Management Limited announced that they will report Q1, 2021 results at 8:00 AM, US Eastern Standard Time on Mar 31, 2021
Is New 90 Day High Low • Feb 04New 90-day high: €4.52The company is up 23% from its price of €3.66 on 06 November 2020. The German market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €9.27 per share.
Reported Earnings • Jan 30Full year 2020 earnings released: EPS CA$2.25 (vs CA$0.61 in FY 2019)The company reported a solid full year result with improved earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: CA$439.5m (flat on FY 2019). Net income: CA$173.9m (up 263% from FY 2019). Profit margin: 40% (up from 11% in FY 2019). Funds under management (FUM) Beginning of period: CA$30.1b End of period: CA$30.0b Net inflows/outflows: CA$371.0m outflow Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
Reported Earnings • Jan 28Full year 2020 earnings releasedThe company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CA$543.9m (up 25% from FY 2019). Net income: CA$173.9m (up 263% from FY 2019). Profit margin: 32% (up from 11% in FY 2019). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 7% per year, which means it is performing significantly worse than earnings.
Analyst Estimate Surprise Post Earnings • Jan 28Revenue beats expectationsRevenue exceeded analyst estimates by 27%. Over the next year, revenue is expected to shrink by 22% compared to a 11% growth forecast for the Capital Markets industry in Germany.
Is New 90 Day High Low • Jan 13New 90-day high: €3.90The company is up 2.0% from its price of €3.82 on 15 October 2020. The German market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €7.20 per share.
お知らせ • Dec 13AGF Management Limited to Report Q4, 2020 Results on Jan 27, 2021AGF Management Limited announced that they will report Q4, 2020 results at 8:00 AM, US Eastern Standard Time on Jan 27, 2021
Is New 90 Day High Low • Oct 14New 90-day high: €3.92The company is up 23% from its price of €3.18 on 16 July 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is down 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €6.15 per share.
お知らせ • Oct 05+ 1 more updateTilney Group completed the acquisition of Smith & Williamson Holdings Limited from AGF Management Limited (TSX:AGF.B) and others.Tilney Group reached an agreement to acquire Smith & Williamson Holdings Limited from AGF Management Limited (TSX:AGF.B) and others for approximately £180 million on September 19, 2019. Smith & Williamson’s shareholders will receive consideration valued at £625 million, to be satisfied through a combination of cash consideration and shares in the enlarged group. It is also proposed that Smith & Williamson will pay a special dividend to eligible shareholders from accumulated surplus reserves prior to completion. Smith & Williamson’s management shareholders will be rolling the majority of their investment into the equity of the enlarged group. At closing, AGF Management Limited will receive cash proceeds of £147.4 million and will retain approximately 2.3% interest in the newly combined entity. As of June 1, 2020, AGF Management Limited confirms that a revised transaction structure has been agreed for the proposed merger between Tilney and Smith & Williamson to create one of the U.K.'s leading integrated wealth management and professional services group. Based on the terms of the revised transaction structure, AGF estimates that it will receive total cash of approximately £180 million. On closing, AGF is expected to receive cash proceeds of approximately £150 million. In the revised transaction structure, AGF will no longer retain any equity consideration in the merged group. The merged business will be named as Tilney Smith & Williamson upon completion. The Board of Tilney Smith & Williamson will comprise representatives from both firms. The Chairman of the merged business will be Will Samuel and Chris Woodhouse will be Group’s Chief Executive Officer. Kevin Stopps and David Cobb, joint-Chief Executive Officers of Smith & Williamson, will join the Board of the enlarged group upon completion. Further details of the combined Board will be announced in due course. The merged business will have a City headquarter and 36 offices across the UK. The transaction is subject to regulatory approvals. As of June 1, 2020, the revised transaction structure will require approval by the relevant regulators, antitrust authorities and Smith & Williamson shareholders. The transaction received approval from Smith & Williamson’s shareholders on November 13, 2019. The transaction has received European commission’s approval on December 4, 2019. As of January 20, 2020, Financial Conduct Authority did not approve the transaction and the discussions with the Financial Conduct Authority are ongoing to determine the required steps forward. As of July 24, 2020, transaction now just pending approval from the Financial Conduct Authority. As of July 31, 2020, the Financial Conduct Authority approved the transaction and all relevant third-party conditions have been met. Smith & Williamson will now seek the U.K. High Court’s sanction of the merger at a hearing on August 6, 2020. The transaction is expected to complete in late January or February 2020. As of January 20, 2020, the completion of transaction may be delayed. As of March 2, 2020, the transaction is expected to complete in the second quarter of the year. As of March 26, 2020, the transaction has been further delayed due to coronavirus pandemic. As of April 15, 2020, the transaction is expected to be completed in the second half of 2020. As of June 26, 2020, transaction is expected to complete by the end of 2020. Subject to the Court sanctioning the merger at the hearing on August 6, 2020. The scheme was sanctioned by court on August 6, 2020. The transaction is now expected to complete on September 1, 2020. Evercore Inc. (NYSE:EVR) acted as financial advisor and Freshfields Bruckhaus Deringer LLP acted as legal advisor to Tilney. Alistair McKay, Garth Hackshall, Rob Mann, Tiber Karadag, Emily Cripps and Myles Phillips of Keefe, Bruyette & Woods acted as financial advisor and Tom Rose, Rob Collard, Mark Baldwin, Kirstie Hutchinson, Paul Ellison, Luke Powell, John Dodsworth, Thomas French, Olivia Seeley, Emma Bailey, Saba Palizi, Paddy Croft, Mark Petch, Imogen Benson, Tim Plews and Martin Coombes of Macfarlanes LLP acted as legal advisor to Smith & Williamson. Spencer House Partners LLP acted as financial advisor and DAC Beachcroft LLP acted as legal advisor to AGF Management Limited. Tilney Group completed the acquisition of Smith & Williamson Holdings Limited from AGF Management Limited (TSX:AGF.B) and others on September 1, 2020. The Group has now been renamed Tilney Smith & Williamson with effect from September 1, 2020. There will be no immediate changes to its existing principal client facing brands: Tilney, Smith & Williamson and Bestinvest.
Is New 90 Day High Low • Sep 25New 90-day high: €3.76The company is up 18% from its price of €3.18 on 26 June 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is down 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €6.92 per share.
Reported Earnings • Sep 25Third quarter earnings releasedOver the last 12 months the company has reported total profits of CA$85.6m, up 111% from the prior year. Total revenue was CA$449.1m over the last 12 months, up 4.3% from the prior year.
お知らせ • Sep 24AGF Management Limited and the SAF Group Extend PartnershipAGF Management Limited announced it is accelerating the firm’s commitment to its private alternatives business through an expanded partnership with the SAF Group (SAF), securing the opportunity to increase its ownership over time. AGF has entered into a definitive option agreement with SAF which grants AGF the right to acquire management fee earnings of select SAF funds, and any new private credit funds, exercisable at any time over the next 12 months. While the extension of AGF and SAF’s partnership is initially focused on bringing new investment products to market, including opportunistic funds in late 2020, the option agreement also creates a path forward to a joint private credit firm in the future that is well-positioned to capitalize on the expected growth in private debt investments. Later this year, AGF and SAF expect to initially bring to market a direct lending private credit strategy for institutional and high-net worth investors, with a focus on originating, structuring and lending to middle and lower middle market companies, primarily in Canada and the United States. The General Partner expects to make a capital commitment of $15M to the fund. Subsequently, AGF and SAF will bring to market offerings with varying liquidity and return profiles designed to meet the needs of a wider audience and different segments of the investor market.
お知らせ • Sep 22AGF Management Limited (AGF) and WaveFront Global Asset Management Corp. Partner to Deliver Investment Management Capabilities to Rapidly Growing China and South Korea MarketsAGF Management Limited (AGF) and WaveFront Global Asset Management Corp. (WaveFront) announced the launch of AGFWave Asset Management Inc. (AGFWave), a new joint venture for providing asset management services and products in China and South Korea. AGFWave combines AGF’s investment expertise and global brand strength with WaveFront’s existing distribution capabilities in China and South Korea, including partnerships with industry leaders in both regions. Initially, members of AGF’s quantitative investment team AGFiQ, will work together with members of WaveFront’s team as AGFWave’s Investment Committee. AGFiQ’s existing investment management resources and capabilities are a strong fit for WaveFront, aligning to a similar quantitative investment philosophy and boasting demonstrated strong track records in key areas of focus for these markets. In addition to taking over investment management duties for existing market differentiated investment products on behalf of partners and clients, AGFWave will also be responsible for new product development in these markets, working closely with both Chinese and South Korean partners on exploring future opportunities to bring AGF’s other quantitative and complementary fundamental investment management capabilities to these rapidly growing markets. AGFWave, with its partners in China, is also positioned to offer China A-share products to Institutional investors globally.
お知らせ • Sep 05AGF Management Limited to Report Q3, 2020 Results on Sep 23, 2020AGF Management Limited announced that they will report Q3, 2020 results at 8:00 AM, US Eastern Standard Time on Sep 23, 2020
