Loading...

Amundi

ENXTPA:AMUN
Snowflake Description

Proven track record average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AMUN
ENXTPA
€12B
Market Cap
  1. Home
  2. FR
  3. Diversified Financials
Company description

Amundi is a publically owned investment manager. The last earnings update was 29 days ago. More info.


Add to Portfolio Compare Print
  • Amundi is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
AMUN Share Price and Events
7 Day Returns
-5.3%
ENXTPA:AMUN
-5%
FR Capital Markets
-2.3%
FR Market
1 Year Returns
-14.6%
ENXTPA:AMUN
-23.3%
FR Capital Markets
-4%
FR Market
AMUN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Amundi (AMUN) -5.3% -8.2% 3.1% -14.6% 31.9% -
FR Capital Markets -5% -5.7% 5.5% -23.3% 15.3% -0.2%
FR Market -2.3% -4.8% 2.2% -4% 23.9% 25.8%
1 Year Return vs Industry and Market
  • AMUN outperformed the Capital Markets industry which returned -23.3% over the past year.
  • AMUN underperformed the Market in France which returned -4% over the past year.
Price Volatility
AMUN
Industry
5yr Volatility vs Market

Value

 Is Amundi undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Amundi to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Amundi.

ENXTPA:AMUN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 9 analysts.
= Stable Book Value * Return on Equity
= €46.07 * 11.2%
€5.16
Book Value of Equity per Share Weighted future Book Value estimates from 7 analysts. €46.07
Discount Rate (Cost of Equity) See below 7.1%
Perpetual Growth Rate 10-Year FR Government Bond Rate 0.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ENXTPA:AMUN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year FR Govt Bond Rate 0.7%
Equity Risk Premium S&P Global 6.7%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.7
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.701 (1 + (1- 33%) (50.64%))
0.959
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.96
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.73% + (0.959 * 6.65%)
7.11%

Discounted Cash Flow Calculation for ENXTPA:AMUN using Excess Returns Model Model

The calculations below outline how an intrinsic value for Amundi is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

ENXTPA:AMUN Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (11.2% – 7.11%) * €46.07)
€1.88
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= €1.88 / (7.11% - 0.73%)
€29.50
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= €46.07 + €29.50
€75.56
ENXTPA:AMUN Discount to Share Price
Calculation Result
Value per share (EUR) From above. €75.56
Current discount Discount to share price of €57.45
= -1 x (€57.45 - €75.56) / €75.56
24%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Amundi is available for.
Intrinsic value
24%
Share price is €57.45 vs Future cash flow value of €75.56
Current Discount Checks
For Amundi to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Amundi's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Amundi's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Amundi's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Amundi's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ENXTPA:AMUN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in EUR €4.33
ENXTPA:AMUN Share Price ** ENXTPA (2019-05-24) in EUR €57.45
France Capital Markets Industry PE Ratio Median Figure of 9 Publicly-Listed Capital Markets Companies 21.01x
France Market PE Ratio Median Figure of 421 Publicly-Listed Companies 17.39x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Amundi.

ENXTPA:AMUN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTPA:AMUN Share Price ÷ EPS (both in EUR)

= 57.45 ÷ 4.33

13.28x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Amundi is good value based on earnings compared to the FR Capital Markets industry average.
  • Amundi is good value based on earnings compared to the France market.
Price based on expected Growth
Does Amundi's expected growth come at a high price?
Raw Data
ENXTPA:AMUN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.28x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts
6.4%per year
Europe Capital Markets Industry PEG Ratio Median Figure of 60 Publicly-Listed Capital Markets Companies 1.38x
France Market PEG Ratio Median Figure of 268 Publicly-Listed Companies 1.44x

*Line of best fit is calculated by linear regression .

ENXTPA:AMUN PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 13.28x ÷ 6.4%

2.07x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Amundi is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Amundi's assets?
Raw Data
ENXTPA:AMUN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in EUR €42.45
ENXTPA:AMUN Share Price * ENXTPA (2019-05-24) in EUR €57.45
France Capital Markets Industry PB Ratio Median Figure of 11 Publicly-Listed Capital Markets Companies 1.02x
France Market PB Ratio Median Figure of 621 Publicly-Listed Companies 1.42x
ENXTPA:AMUN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTPA:AMUN Share Price ÷ Book Value per Share (both in EUR)

= 57.45 ÷ 42.45

1.35x

* Primary Listing of Amundi.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Amundi is overvalued based on assets compared to the FR Capital Markets industry average.
X
Value checks
We assess Amundi's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Amundi has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

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

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
6.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Amundi expected to grow at an attractive rate?
  • Amundi's earnings growth is expected to exceed the low risk savings rate of 0.7%.
Growth vs Market Checks
  • Amundi's earnings growth is positive but not above the France market average.
  • Amundi's revenues are expected to decrease over the next 1-3 years, this is below the France market average.
Annual Growth Rates Comparison
Raw Data
ENXTPA:AMUN Future Growth Rates Data Sources
Data Point Source Value (per year)
ENXTPA:AMUN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts 6.4%
ENXTPA:AMUN Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 12 Analysts -2.2%
France Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average -2%
Europe Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 5.3%
France Market Earnings Growth Rate Market Cap Weighted Average 13.2%
France Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ENXTPA:AMUN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ENXTPA:AMUN Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 2,811 1,454 1,062 9
2020-12-31 2,716 1,365 1,011 11
2019-12-31 2,623 1,255 944 11
ENXTPA:AMUN Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-03-31 4,842 869
2018-12-31 4,850 594 855
2018-09-30 4,109 753
2018-06-30 5,239 496 848
2018-03-31 4,127 700
2018-01-01 4,112 2,020 681
2017-09-30 2,848 583
2017-06-30 2,877 2,368 578
2017-03-31 2,774 581
2016-12-31 2,737 435 568
2016-09-30 2,846 540
2016-06-30 2,717 203 522

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Amundi's earnings are expected to grow by 6.4% yearly, however this is not considered high growth (20% yearly).
  • Amundi's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ENXTPA:AMUN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below

All data from Amundi Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTPA:AMUN Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 5.30 5.60 5.03 6.00
2020-12-31 5.01 5.29 4.74 8.00
2019-12-31 4.68 4.89 4.46 8.00
ENXTPA:AMUN Past Financials Data
Date (Data in EUR Millions) EPS *
2019-03-31 4.33
2018-12-31 4.24
2018-09-30
2018-06-30 4.28
2018-03-31
2018-01-01 3.54
2017-09-30
2017-06-30 3.23
2017-03-31
2016-12-31 3.40
2016-09-30 3.23
2016-06-30 3.12

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Amundi is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Amundi's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the France market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Amundi has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Amundi performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Amundi's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Amundi's year on year earnings growth rate has been positive over the past 5 years.
  • Amundi's 1-year earnings growth exceeds its 5-year average (24.1% vs 14.1%)
  • Amundi's earnings growth has exceeded the FR Capital Markets industry average in the past year (24.1% vs 0.4%).
Earnings and Revenue History
Amundi's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Amundi Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTPA:AMUN Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 4,841.57 869.00 1,331.20
2018-12-31 4,849.57 855.00 1,331.20
2018-09-30 4,109.01 753.29 1,308.56
2018-06-30 5,239.09 848.06 1,530.59
2018-03-31 4,127.01 700.29 1,308.56
2018-01-01 4,112.01 681.29 1,173.56
2017-09-30 2,848.21 583.27 877.82
2017-06-30 2,876.83 577.85 896.59
2017-03-31 2,774.21 581.27 877.82
2016-12-31 2,737.21 568.27 877.82
2016-09-30 2,845.64 539.63 883.22
2016-06-30 2,716.52 522.49 873.06
2016-03-31 2,824.64 519.63 883.22
2015-12-31 2,837.64 518.63 883.22
2015-09-30 2,744.05 517.32
2015-06-30 2,871.61 541.08 1,248.99
2015-03-31 2,445.24 507.28 803.62
2014-12-31 2,674.05 489.68 803.62
2013-12-31 2,452.63 450.68
2012-12-31 2,453.96 485.69

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Amundi has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Amundi used its assets more efficiently than the FR Capital Markets industry average last year based on Return on Assets.
  • Amundi's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Amundi's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Amundi has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Amundi's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Amundi's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Amundi is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Amundi's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Amundi's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 2.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Amundi Company Filings, last reported 1 month ago.

ENXTPA:AMUN Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 8,528.23 5,865.41 10,451.52
2018-12-31 8,528.23 5,865.41 10,451.52
2018-09-30 8,144.95 4,868.26 9,324.74
2018-06-30 8,144.95 4,868.26 9,324.74
2018-03-31 8,203.27 4,183.46 7,662.30
2018-01-01 8,200.53 4,184.33 8,429.19
2017-09-30 7,870.37 4,254.28 6,330.17
2017-06-30 7,870.37 4,254.28 6,330.17
2017-03-31 6,644.68 3,328.93 6,247.00
2016-12-31 6,644.68 3,233.95 6,247.00
2016-09-30 6,293.33 2,867.69 5,364.91
2016-06-30 6,293.33 2,867.69 5,364.91
2016-03-31 6,413.34 2,433.51 5,583.88
2015-12-31 6,413.34 2,433.51 5,583.88
2015-09-30
2015-06-30 6,174.98 2,582.88 5,668.68
2015-03-31 6,129.54 2,186.84 5,507.47
2014-12-31 6,129.54 2,186.84 5,507.47
2013-12-31 5,821.96 1,591.36 5,347.92
2012-12-31 5,693.91 1,567.51 4,180.31
  • Amundi's level of debt (68.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (29.5% vs 68.8% today).
  • Debt is not well covered by operating cash flow (10.1%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 70.6x coverage).
X
Financial health checks
We assess Amundi's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Amundi has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
5.05%
Current annual income from Amundi dividends. Estimated to be 5.67% next year.
If you bought €2,000 of Amundi shares you are expected to receive €101 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Amundi's pays a higher dividend yield than the bottom 25% of dividend payers in France (1.59%).
  • Amundi's dividend is above the markets top 25% of dividend payers in France (4.51%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ENXTPA:AMUN Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
France Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 5.1%
France Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.1%
France Minimum Threshold Dividend Yield 10th Percentile 0.9%
France Bottom 25% Dividend Yield 25th Percentile 1.6%
France Top 25% Dividend Yield 75th Percentile 4.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ENXTPA:AMUN Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 3.44 10.00
2020-12-31 3.28 13.00
2019-12-31 3.09 13.00
ENXTPA:AMUN Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-04-08 2.900 4.708
2019-02-13 2.900 5.094
2018-02-09 2.500 4.269
2017-03-14 2.200 3.352
2016-04-20 2.050 4.567
2016-02-12 2.050 5.195

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Amundi has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Amundi only paid a dividend in the past 3 years.
Current Payout to shareholders
What portion of Amundi's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.6x coverage).
X
Income/ dividend checks
We assess Amundi's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Amundi afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Amundi has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Amundi's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Yves Perrier
COMPENSATION €3,005,295
AGE 64
TENURE AS CEO 9.4 years
CEO Bio

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 Executive Officer of Amundi Asset Management since January 1, 2010. He has been Chief Executive Officer and Executive Director of Amundi SA since December 23, 2009. Mr. Perrier served as the Chairman and Chief Executive Officer of Crédit Agricole Asset Management at Credit Agricole S.A. since July 2007 until September 1, 2015. He served as Deputy Chief Executive Officer of the Savings, Insurance & Real Estate Division of Credit Agricole S.A. until September 2015. Mr. Perrier served as Deputy Chief Executive Officer of Calyon of Credit Agricole SA since December 31, 2004 and served as its Member of Management Board until September 1, 2015. He served as the Head of Asset Management, Securities & Investor Services of CAI of Credit Agricole S.A until September 1, 2015 and served as its Director of Group Risk Management and Senior General Manager since May 2004. Mr. Perrier served as the Head of Securities and Institutional Financial Services at Credit Agricole S.A. since July 2007. He served as the Head of Group Finance at LCL since February 28, 2002 and supervises risk management and audit. Mr. Perrier served as Senior General Manager of Calyon until May 13, 2004. Between June 2003 and May 2004, he served as Group Risk Officer within Crédit Agricole S.A. In September 1999, he joined Crédit Lyonnais at the time of its privatization. Mr. Perrier joined Société Générale in 1987, where he served as Head of Central Accounting from 1987 to 1991, Head of Accounting Affairs from 1991 to 1995 and Group Chief Financial Officer from 1995 to 1999. Mr. Perrier served as Deputy Chief Executive Officer and Member of Management Board at Crédit Agricole Corporate and Investment Bank S.A. and served as its Senior General Manager until May 2004. Mr. Perrier was named Chief Executive of Calyon in charge of structured finance, brokerage, risk and support functions. He served as Deputy Chief Executive Officer at Calyon Bank Czech Republic A.S. until September 30, 2007. Prior to this, he spent 10 years in auditing and consultancy with the firms E. Salustro and PA Consulting. He has been the Chairman of the AFG - Association Française de Gestion Financière (French Financial Management Association) since June 2015. Mr. Perrier served as the Chairman of Supervisory Board at CACEIS Bank France SA (alternate name, CACEIS, société anonyme) and CACEIS Corporate Trust. He has been a Director of Amundi Asset Management since September 18, 2007 and Crédit Agricole Assurances SA since October 29, 2015. He serves as a Director of CA Cheuvreux S.A., CLSA BV and CCMA BV. He served as a Member of the Supervisory Board at Credit Agricole Titres SNC. He served as a Director of LCH. Clearnet Group Ltd. from January 1, 2014 to December 22, 2016. He served as Director of Credit Agricole - Egypt Bank (S.A.E.). Mr. Perrier was a Board Member of Crédit Lyonnais Asset Management. He Chairs the Collège des Investisseurs Institutionnels at Paris-Europlace. He holds the C.P.A. designation. Mr. Perrier graduated from ESSEC.

CEO Compensation
  • Yves's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Yves's remuneration is about average for companies of similar size in France.
Management Team Tenure

Average tenure and age of the Amundi management team in years:

7.7
Average Tenure
54.5
Average Age
  • The average tenure for the Amundi management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Yves Perrier

TITLE
CEO & Director
COMPENSATION
€3M
AGE
64
TENURE
9.4 yrs

Nicolas Calcoen

TITLE
Chief Financial Officer
TENURE
6.6 yrs

Guillaume Lesage

TITLE
Head of the Operations
TENURE
2.3 yrs

Julien Fontaine

TITLE
Head of Partnerships & Member of the Management Board
AGE
46

Pascal Duval

TITLE
Head of Retail Solutions & Member of the Management Board
AGE
55

Pascal Blanqué

TITLE
Chief Investment Officer
AGE
54
TENURE
9.3 yrs

Stanislas Pottier

TITLE
Chief Responsible Investment Officer
TENURE
1.3 yrs

Anthony Mellor

TITLE
Head of Investor Relations & Financial Communication

Alain Berry

TITLE
Head of Communications
TENURE
9.3 yrs

Isabelle Senéterre

TITLE
Head of Human Resources
TENURE
7.7 yrs
Board of Directors Tenure

Average tenure and age of the Amundi board of directors in years:

3.7
Average Tenure
61.5
Average Age
  • The tenure for the Amundi board of directors is about average.
Board of Directors

Xavier Musca

TITLE
Chairman of the Board
AGE
58
TENURE
3.1 yrs

Yves Perrier

TITLE
CEO & Director
COMPENSATION
€3M
AGE
64
TENURE
9.4 yrs

Laurence Danon Arnaud

TITLE
Independent Director
COMPENSATION
€20K
AGE
62
TENURE
3.7 yrs

Robert Leblanc

TITLE
Independent Director
COMPENSATION
€31K
AGE
61
TENURE
3.7 yrs

Hélène Molinari

TITLE
Independent Director
COMPENSATION
€20K
AGE
55
TENURE
3.7 yrs

Christian Rouchon

TITLE
Director
COMPENSATION
€42K
AGE
58
TENURE
9.4 yrs

Hubert Védrine

TITLE
Chairman of Global Advisory Board
AGE
70

Virginie Cayatte

TITLE
Independent Director
COMPENSATION
€38K
AGE
48
TENURE
3.7 yrs

Rémi Garuz

TITLE
Director
COMPENSATION
€18K
AGE
66
TENURE
5.3 yrs

Andrée Samat

TITLE
Director
COMPENSATION
€18K
AGE
68
TENURE
3.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Amundi's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Amundi has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Does Amundi's (EPA:AMUN) PE Ratio Warrant A Sell?

and want to start learning about core concepts of fundamental analysis on practical examples from today's market. … While this makes AMUN appear like a stock to avoid or sell if you own it, you might change your mind after I explain the assumptions behind the P/E ratio. … I will deconstruct the P/E ratio and highlight what you need to be careful of when using the P/E ratio

Simply Wall St -

Amundi (EPA:AMUN): What Does The Future Look Like?

After Amundi's (EPA:AMUN) earnings announcement in March 2018,. … with earnings expected to grow by 28.37% in the upcoming year … the past 5-year average growth rate of 6.57%

Simply Wall St -

Amundi (EPA:AMUN) Investors Are Paying Above The Intrinsic Value

One of the most difficult industry to value is capital markets, given that they adhere to different rules compared to other companies. … For instance, these businesses must hold a certain level of cash reserves on the books as a safety precaution.

Simply Wall St -

Why Amundi (EPA:AMUN) Could Be A Buy

received a lot of attention from a substantial price movement on the ENXTPA over the last few months, increasing to €73.3 at one point, and dropping to the lows of €58.52. … A question to answer is whether Amundi's current trading price of €59.06 reflective of the actual value of the? … Let’s take a look at Amundi’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

Amundi (EPA:AMUN): Can Growth Justify Its June Share Price?

Looking at Amundi’s (EPA:AMUN) fundamentals some investors are wondering if its last closing price of €62.3 represents a good value for money for this high growth stock. … What can we expect from Amundi in the future. … Investors in Amundi have been patiently waiting for the uptick in earnings.

Simply Wall St -

Should Amundi (ENXTPA:AMUN) Be Part Of Your Dividend Portfolio?

Over the past 3 years, Amundi (ENXTPA:AMUN) has returned an average of 4.00% per year to shareholders in terms of dividend yield. … Check out our latest analysis for Amundi … Here's how I find good dividend stocks

Simply Wall St -

Have Investors Priced In Financial Growth For Amundi (EPA:AMUN)?

Amundi (ENXTPA:AMUN), a €13.78B large-cap, operates in the capital markets industry, which has recently been facing serious existential threats resulting from potential disintermediation and disruption from new technology. … Amundi lags the pack with its lower growth rate of 4.90% over the past year, which indicates the company will be growing at a slower pace than its capital markets peers. … ENXTPA:AMUN PE PEG Gauge May 25th 18 The capital markets sector's PE is currently hovering around 13.2x, lower than the rest of the FR stock market PE of 19.08x.

Simply Wall St -

Before You Buy Amundi's (EPA:AMUN), Consider This

A widely-used metric to measure a stock's market risk is beta, and the broad market index represents a beta value of one. … Amundi has a beta of 1.48, which means that the percentage change in its stock value will be higher than the entire market in times of booms and busts. … A high level of beta means investors face higher risk associated with potential gains and losses driven by market movements.

Simply Wall St -

What Does Amundi's (EPA:AMUN) Ownership Structure Look Like?

View our latest analysis for Amundi ENXTPA:AMUN Ownership_summary May 13th 18 Institutional Ownership In AMUN's case, institutional ownership stands at 13.20%, significant enough to cause considerable price moves in the case of large institutional transactions, especially when there is a low level of public shares available on the market to trade. … Private Company Ownership Another important group of owners for potential investors in AMUN are private companies that hold a stake of 70.01% in AMUN. … As a result, potential investors should further explore the company's business relations with these companies and find out if they can affect shareholder returns in the long-term.Next Steps: AMUN's considerably high level of institutional ownership calls for further analysis into its margin of safety.

Simply Wall St -

Is It Time To Sell Amundi (EPA:AMUN) Based Off Its PE Ratio?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for AMUN Price per share = €66.44 Earnings per share = €3.541 ∴ Price-Earnings Ratio = €66.44 ÷ €3.541 = 18.8x On its own, the P/E ratio doesn’t tell you much; however, it becomes extremely useful when you compare it with other similar companies. … For example, if you inadvertently compared riskier firms with AMUN, then investors would naturally value AMUN at a higher price since it is a less risky investment. … Similarly, if you accidentally compared lower growth firms with AMUN, investors would also value AMUN at a higher price since it is a higher growth investment.

Simply Wall St -

Company Info

Description

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.

Details
Name: Amundi
AMUN
Exchange: ENXTPA
Founded: 1982
€11,582,877,404
201,616,665
Website: http://legroupe.amundi.com
Address: Amundi
91-93, Boulevard Pasteur,
Paris,
Ile-de-France, 75015,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA AMUN Common Stock Euronext Paris FR EUR 12. Nov 2015
DB ANI Common Stock Deutsche Boerse AG DE EUR 12. Nov 2015
LSE 0RDX Common Stock London Stock Exchange GB EUR 12. Nov 2015
WBAG AMUN Common Stock Wiener Boerse AG AT EUR 12. Nov 2015
BATS-CHIXE AMUNP Common Stock BATS 'Chi-X Europe' GB EUR 12. Nov 2015
Number of employees
Current staff
Staff numbers
4,287
Amundi employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/25 22:00
End of day share price update: 2019/05/24 00:00
Last estimates confirmation: 2019/05/24
Last earnings filing: 2019/04/26
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.