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AGF Management LimitedTSX:AGF.B Stock Report

Market Cap CA$1.0b
Share Price
CA$16.19
CA$19.93
18.8% undervalued intrinsic discount
1Y54.8%
7D2.9%
Portfolio Value
View

AGF Management Limited

TSX:AGF.B Stock Report

Market Cap: CA$1.0b

AGF Management (AGF.B) Stock Overview

AGF Management Limited is one of Canada’s premier investment management companies with offices across Canada and subsidiaries around the world. More details

AGF.B fundamental analysis
Snowflake Score
Valuation6/6
Future Growth0/6
Past Performance5/6
Financial Health4/6
Dividends5/6

AGF.B Community Fair Values

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See what 14 others think this stock is worth. Follow their fair value or set your own to get alerts.

AGF Management Limited Competitors

Price History & Performance

Summary of share price highs, lows and changes for AGF Management
Historical stock prices
Current Share PriceCA$16.19
52 Week HighCA$20.91
52 Week LowCA$10.30
Beta1.22
1 Month Change-21.41%
3 Month Change-10.80%
1 Year Change54.78%
3 Year Change127.07%
5 Year Change115.01%
Change since IPO22,756.58%

Recent News & Updates

AGF.B: Dividend Support And Buybacks Will Shape Future Return Profile

AGF Management's updated analyst price target has shifted modestly, with recent Street research showing a mix of CA$1 cuts and CA$0.75 to CA$4 increases as analysts factor in adjusted fair value estimates, refined discount rates, and updated assumptions for revenue growth, profit margins, and future P/E. Analyst Commentary Recent research around AGF Management reflects a split view, with some firms trimming targets while others lift them by amounts ranging from CA$0.75 to CA$4.

Recent updates

AGF.B: Dividend Support And Buybacks Will Shape Future Return Profile

AGF Management's updated analyst price target has shifted modestly, with recent Street research showing a mix of CA$1 cuts and CA$0.75 to CA$4 increases as analysts factor in adjusted fair value estimates, refined discount rates, and updated assumptions for revenue growth, profit margins, and future P/E. Analyst Commentary Recent research around AGF Management reflects a split view, with some firms trimming targets while others lift them by amounts ranging from CA$0.75 to CA$4.

AGF.B: Incremental Discount Shift And Ongoing Buybacks Will Shape Future Return Profile

AGF Management's analyst price target has edged higher, with a modest CA$0.14 fair value adjustment. Analysts have factored in slightly lower discount rate assumptions and updated P/E outlooks, which are reflected in recent target revisions from several Canadian banks.

AGF.B: Gradual Discount Shifts And Ongoing Buybacks Will Guide Future Return Profile

Narrative Update The updated analyst price target for AGF Management moves slightly higher, supported by a series of recent CA$0.75 to CA$4 upward price target revisions from several firms. Analysts attribute this to a modestly lower discount rate and essentially unchanged fair value and earnings assumptions.

AGF.B: Refining Discount Assumptions And Buybacks Will Shape Balanced Future Returns

The analyst price target for AGF Management has moved from CA$19.54 to CA$19.54, with several firms, including RBC Capital, BMO Capital, Scotiabank and TD Securities, lifting their individual targets as analysts point to refined discount rate assumptions and updated expectations for earnings multiples. Analyst Commentary Recent Street research on AGF Management has centred on updated price targets and refined assumptions around discount rates and earnings multiples.

AGF.B: Higher Price Expectations And Buybacks Will Support Balanced Future Returns

AGF Management's analyst price target has been revised to CA$19.54. The adjustment is supported by recent target increases from multiple firms as analysts update their models and assumptions in line with current forecasts for discount rate, revenue growth, profit margin and future P/E.

AGF.B: Higher Fair Value And Buybacks Will Support Cautious Yet Constructive Returns

AGF Management's analyst fair value estimate has been raised from C$17.14 to C$19.54, reflecting updated analyst views that incorporate recent price target increases from several Street firms. Analyst Commentary Recent price target revisions across several firms point to a cluster of updated views on AGF Management, which is now reflected in the higher aggregate fair value estimate of C$19.54.

AGF.B: Incremental Assumption Tweaks Will Support Cautious Yet Constructive Future Returns

AGF Management's analyst price target has been lifted by roughly C$0.60 to about C$17.15, with analysts pointing to modest adjustments in fair value estimates, discount rate, revenue growth, profit margin, and future P/E assumptions as key drivers of the change. Analyst Commentary Recent Street research includes price target increases of C$1.50 and C$0.75, which together point to a modest upward reset in how some analysts are framing AGF Management’s potential reward relative to risk.

AGF.B: Stable Assumptions And Margins Will Support Balanced Future Returns

Analysts have made only a marginal adjustment to their price target for AGF Management, keeping fair value effectively unchanged at $16.54. Small tweaks to inputs such as the discount rate and assumed future P/E are viewed as refinements rather than a shift in the core outlook.

AGF.B: Leadership Change And Buybacks Will Support Margins And Capital Returns

AGF Management's analyst derived fair value has inched higher to approximately C$16.54 from about C$16.29, reflecting analysts' increased confidence in the firm's revenue growth and margins and supported by a series of recent price target increases across the Street. Analyst Commentary Recent price target increases across the Street point to a constructive stance on AGF Management, with the consensus fair value migrating higher in tandem with improving expectations for revenue durability and operating leverage.

AGF Management (TSE:AGF.B) Has Announced A Dividend Of CA$0.125

Dec 12
AGF Management (TSE:AGF.B) Has Announced A Dividend Of CA$0.125

Should You Be Adding AGF Management (TSE:AGF.B) To Your Watchlist Today?

Dec 12
Should You Be Adding AGF Management (TSE:AGF.B) To Your Watchlist Today?

AGF.B: Leadership Transition And Share Buyback Are Expected To Support Performance

AGF Management's analyst price targets have increased across the Street, with the consensus reflecting improved revenue outlooks and slightly more favorable discount rates. This has resulted in a new average target of approximately C$16.80, up from the previous C$15.88.

AGF.B: Recent Leadership Change Will Drive Improved Shareholder Value

AGF Management’s analyst price target has increased modestly, with the consensus estimate rising from C$16.13 to C$16.29. Analysts cite incremental improvements in revenue growth and fair value projections, supported by recent Street research updates.

AGF.B: Rising Buy Ratings Will Drive Shares Amid Sector Competition

Analysts have raised their price targets for AGF Management, with recent increases reflecting positive sentiment regarding the company's current valuation and outlook. For example, the target price shifted from C$16.50 to C$17.75, driven by steady revenue growth and profitability expectations.

Tactical Alpha And Income Funds Will Shape Future Amid Uncertainty

AGF Management’s analyst price target has moved higher, as analysts point to updated ratings and recent price target increases from C$14 up to C$17.75. These changes support a more constructive outlook for the shares.

Tactical Alpha And Income Funds Will Shape Future Amid Uncertainty

AGF Management's fair value estimate has been increased from C$14.83 to C$16.13. Analysts cite higher target prices based on recent sector research and improved expectations.

AGF Management (TSE:AGF.B) Is Paying Out A Dividend Of CA$0.125

Sep 27
AGF Management (TSE:AGF.B) Is Paying Out A Dividend Of CA$0.125

Tactical Alpha And Income Funds Will Shape Future Amid Uncertainty

Analysts have raised AGF Management’s price target to CA$14.83, citing improved asset growth prospects, operating efficiency, stronger earnings visibility, enhanced sector positioning, and greater capital return potential. Analyst Commentary Positive outlook for asset growth and net inflows in AGF Management’s core investment funds.

AGF Management Limited's (TSE:AGF.B) Share Price Is Matching Sentiment Around Its Earnings

Sep 16
AGF Management Limited's (TSE:AGF.B) Share Price Is Matching Sentiment Around Its Earnings

AGF Management Limited Just Missed Earnings - But Analysts Have Updated Their Models

Jun 28
AGF Management Limited Just Missed Earnings - But Analysts Have Updated Their Models

AGF Management Limited's (TSE:AGF.B) Price Is Right But Growth Is Lacking After Shares Rocket 26%

May 14
AGF Management Limited's (TSE:AGF.B) Price Is Right But Growth Is Lacking After Shares Rocket 26%

Results: AGF Management Limited Beat Earnings Expectations And Analysts Now Have New Forecasts

Apr 11
Results: AGF Management Limited Beat Earnings Expectations And Analysts Now Have New Forecasts
User avatar

Alternative Investments Like Kensington Capital May Impact Future Earnings Despite Revenue Challenges

AGF Management's strategic focus on high-growth areas like mutual funds, ETFs, and SMAs could drive revenue and enhance earnings potential.

AGF Management Limited's (TSE:AGF.B) Share Price Is Matching Sentiment Around Its Earnings

Mar 07
AGF Management Limited's (TSE:AGF.B) Share Price Is Matching Sentiment Around Its Earnings

AGF Management (TSE:AGF.B) Will Pay A Dividend Of CA$0.115

Jan 07
AGF Management (TSE:AGF.B) Will Pay A Dividend Of CA$0.115

AGF Management (TSE:AGF.B) Has Affirmed Its Dividend Of CA$0.115

Dec 16
AGF Management (TSE:AGF.B) Has Affirmed Its Dividend Of CA$0.115

AGF Management Limited (TSE:AGF.B) Stock Catapults 28% Though Its Price And Business Still Lag The Market

Oct 04
AGF Management Limited (TSE:AGF.B) Stock Catapults 28% Though Its Price And Business Still Lag The Market

AGF Management (TSE:AGF.B) Will Pay A Dividend Of CA$0.115

Sep 30
AGF Management (TSE:AGF.B) Will Pay A Dividend Of CA$0.115

Shareholder Returns

AGF.BCA Capital MarketsCA Market
7D2.9%-0.2%0.08%
1Y54.8%6.9%35.0%

Return vs Industry: AGF.B exceeded the Canadian Capital Markets industry which returned 9% over the past year.

Return vs Market: AGF.B exceeded the Canadian Market which returned 36.6% over the past year.

Price Volatility

Is AGF.B's price volatile compared to industry and market?
AGF.B volatility
AGF.B Average Weekly Movement6.4%
Capital Markets Industry Average Movement6.2%
Market Average Movement10.6%
10% most volatile stocks in CA Market18.2%
10% least volatile stocks in CA Market4.0%

Stable Share Price: AGF.B has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: AGF.B's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1957n/aJudy Goldringwww.agf.com

AGF Management Limited is one of Canada’s premier investment management companies with offices across Canada and subsidiaries around the world. 2007 marks AGF’s 50th anniversary ofproviding Canadians with innovative investment solutions across the wealth continuum. AGF’s products and services include a diversified family of more than 50 mutual funds, the evolutionary AGF Elements portfolios, the Harmony asset management program, AGF Private Investment Management, Institutional Account Services and AGF Trust GICs, loans and mortgages.

AGF Management Limited Fundamentals Summary

How do AGF Management's earnings and revenue compare to its market cap?
AGF.B fundamental statistics
Market capCA$1.04b
Earnings (TTM)CA$115.67m
Revenue (TTM)CA$573.67m
9.0x
P/E Ratio
1.8x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
AGF.B income statement (TTM)
RevenueCA$573.67m
Cost of RevenueCA$0
Gross ProfitCA$573.67m
Other ExpensesCA$458.00m
EarningsCA$115.67m

Last Reported Earnings

Feb 28, 2026

Next Earnings Date

n/a

Earnings per share (EPS)1.80
Gross Margin100.00%
Net Profit Margin20.16%
Debt/Equity Ratio7.3%

How did AGF.B perform over the long term?

See historical performance and comparison

Dividends

3.3%
Current Dividend Yield
28%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/01 03:20
End of Day Share Price 2026/05/01 00:00
Earnings2026/02/28
Annual Earnings2025/11/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

AGF Management Limited is covered by 14 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jeffrey FenwickATB Cormark Historical (Cormark Securities)
John AikenBarclays
Tom MacKinnonBMO Capital Markets Equity Research