WBAG:AMUN

Stock Analysis Report

Executive Summary

Amundi is a publically owned investment manager.

Rewards


Snowflake Analysis


Similar Companies

Share Price & News

How has Amundi's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: AMUN has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-1.4%

AMUN

1.1%

AT Capital Markets

0.1%

AT Market


1 Year Return

36.7%

AMUN

19.8%

AT Capital Markets

4.3%

AT Market

Return vs Industry: AMUN exceeded the Austrian Capital Markets industry which returned 19.3% over the past year.

Return vs Market: AMUN exceeded the Austrian Market which returned 5.1% over the past year.


Shareholder returns

AMUNIndustryMarket
7 Day-1.4%1.1%0.1%
30 Day7.9%4.6%-0.3%
90 Day12.1%10.8%0.2%
1 Year43.6%36.7%24.7%19.8%8.1%4.3%
3 Yearn/a16.6%3.0%25.9%14.5%
5 Yearn/a9.8%-10.6%53.9%32.6%

Price Volatility Vs. Market

How volatile is Amundi's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Amundi undervalued compared to its fair value and its price relative to the market?

16.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: AMUN (€77.4) is trading below our estimate of fair value (€92.35)

Significantly Below Fair Value: AMUN is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: AMUN is good value based on its PE Ratio (16.3x) compared to the Capital Markets industry average (22.7x).

PE vs Market: AMUN is poor value based on its PE Ratio (16.3x) compared to the Austrian market (14.2x).


Price to Earnings Growth Ratio

PEG Ratio: AMUN is poor value based on its PEG Ratio (2.2x)


Price to Book Ratio

PB vs Industry: AMUN is overvalued based on its PB Ratio (1.8x) compared to the XE Capital Markets industry average (1.4x).

Future Growth

How is Amundi forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?

7.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AMUN's forecast earnings growth (7.3% per year) is above the savings rate (-0.1%).

Earnings vs Market: AMUN's earnings (7.3% per year) are forecast to grow slower than the Austrian market (9.9% per year).

High Growth Earnings: AMUN's earnings are forecast to grow, but not significantly.

Revenue vs Market: AMUN's revenue (5.4% per year) is forecast to grow faster than the Austrian market (2.7% per year).

High Growth Revenue: AMUN's revenue (5.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: AMUN's Return on Equity is forecast to be low in 3 years time (12.4%).

Past Performance

How has Amundi performed over the past 5 years?

14.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AMUN has a high level of non-cash earnings.

Growing Profit Margin: AMUN's current net profit margins (35.4%) are higher than last year (17.6%).


Past Earnings Growth Analysis

Earnings Trend: AMUN's earnings have grown by 14.5% per year over the past 5 years.

Accelerating Growth: AMUN's earnings growth over the past year (12.2%) is below its 5-year average (14.5% per year).

Earnings vs Industry: AMUN earnings growth over the past year (12.2%) exceeded the Capital Markets industry 3.7%.


Return on Equity

High ROE: AMUN's Return on Equity (11.5%) is considered low.


Return on Assets


Return on Capital Employed

Financial Health

How is Amundi's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: AMUN has a low level of unsold assets or inventory.

Debt Coverage by Assets: AMUN's debt is covered by short term assets (assets are 1.8x debt).


Financial Institutions Analysis

Asset Level: AMUN's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if AMUN has a sufficient allowance for bad loans.

Low Risk Liabilities: AMUN reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if AMUN has an acceptable proportion of non-loan assets held.

Low Risk Deposits: AMUN has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if AMUN has an appropriate level of bad loans.

Dividend

What is Amundi's current dividend yield, its reliability and sustainability?

4.03%

Current Dividend Yield


Upcoming Dividend Payment

Purchase Amundi before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield vs Market

company4.0%marketbottom25%1.6%markettop25%4.5%industryaverage3.1%forecastin3Years4.6%

Current dividend yield vs market & industry

Notable Dividend: AMUN's dividend (4.01%) is higher than the bottom 25% of dividend payers in the Austrian market (1.58%).

High Dividend: AMUN's dividend (4.01%) is low compared to the top 25% of dividend payers in the Austrian market (4.47%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, AMUN has been paying a dividend for less than 10 years.

Growing Dividend: AMUN's dividend payments have increased, but the company has only paid a dividend for 4 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (65.2%), AMUN's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: AMUN's dividends in 3 years are forecast to be covered by earnings (63% payout ratio).

Management

How experienced are the management team and are they aligned to shareholders interests?

9.3yrs

Average management tenure


CEO

Yves Perrier (65yo)

10.2yrs

Tenure

€3,005,295

Compensation

Mr. Yves Perrier, CPA, has been the Head of Savings Management, Insurance & Property and Credit Agricole S.A since September 1, 2015 and serves as its Deputy General Manager. Mr. Perrier has been the Chief ...


CEO Compensation Analysis

Compensation vs Market: Yves's total compensation ($USD3.26M) is about average for companies of similar size in the Austrian market ($USD3.59M).

Compensation vs Earnings: Yves's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Yves Perrier
CEO, GM & Director10.2yrs€3.01m0.0013% 207.9k
Domenico Aiello
Chief Financial Officer0.8yrsno datano data
Guillaume Lesage
Head of the Operations3.1yrsno datano data
Julien Fontaine
Head of Partnerships & Member of the Management Board0yrsno datano data
Pascal Duval
Head of Retail Solutions & Member of the Management Board0yrsno datano data
Pascal Blanqué
Chief Investment Officer10.1yrsno datano data
Anthony Mellor
Head of Investor Relations & Financial Communication0yrsno datano data
Alain Berry
Head of Communications10.1yrsno datano data
Isabelle Senéterre
Head of Human Resources8.4yrsno datano data
Fathi Jerfel
Head of the Retail Clients Division0yrsno datano data

9.3yrs

Average Tenure

55.5yo

Average Age

Experienced Management: AMUN's management team is seasoned and experienced (9.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Yves Perrier
CEO, GM & Director10.2yrs€3.01m0.0013% 207.9k
Robert Leblanc
Independent Director4.4yrs€31.00k0.00010% 15.5k
Laurence Danon Arnaud
Independent Director4.4yrs€20.00k0.00024% 37.2k
Xavier Musca
Chairman of the Board3.8yrsno data0.00015% 23.3k
Hubert Védrine
Chairman of Global Advisory Board0yrsno datano data
Christian Rouchon
Director10.2yrs€42.00k0.00010% 15.5k
Andrée Samat
Director4.4yrs€18.00k0.00010% 15.5k
Hélène Molinari
Independent Director4.4yrs€20.00k0.00010% 15.5k
Virginie Cayatte
Independent Director4.4yrs€38.00k0.00012% 18.6k
Renée Talamona
Director4.4yrsno data0.00010% 15.5k

4.4yrs

Average Tenure

62yo

Average Age

Experienced Board: AMUN's board of directors are considered experienced (4.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Amundi's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Amundi
  • Ticker: AMUN
  • Exchange: WBAG
  • Founded: 1982
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: €15.514b
  • Shares outstanding: 200.83m
  • Website: https://legroupe.amundi.com

Number of Employees


Location

  • Amundi
  • 91-93, Boulevard Pasteur
  • Paris
  • Ile-de-France
  • 75015
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AMUNENXTPA (Euronext Paris)YesShare CapitalFREURNov 2015
ANIDB (Deutsche Boerse AG)YesShare CapitalDEEURNov 2015
AMUNPBATS-CHIXE (BATS 'Chi-X Europe')YesShare CapitalGBEURNov 2015
0RDXLSE (London Stock Exchange)YesShare CapitalGBEURNov 2015
AMUNWBAG (Wiener Boerse AG)YesShare CapitalATEURNov 2015
ANIETLX (Eurotlx)YesShare CapitalITEURNov 2015

Biography

Amundi is a publically owned investment manager. The firm engages in the asset management business. The company provides a range of retail products and solutions through quasi-exclusive distribution agreements with the retail banking networks of the Crédit Agricole and the Société Générale groups in France; and through international partner networks and joint ventures outside France, as well as through third-party distributors primarily in France, rest of Europe, and Asia. It also offers management and advisory services for various pension funds, insurers, and sovereigns; and treasury management and employee savings solutions for corporate customers through global relationship managers supported by sales and marketing staff in 30 countries. It was formerly known as Amundi Group. The company was founded in 1982 and is headquartered in Paris, France. Amundi Group operates as a subsidiary of Credit Agricole S.A. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/18 23:17
End of Day Share Price2020/02/18 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.