Amundi Future Growth

Future criteria checks 1/6

Amundi's revenue is forecast to decline at 13.3% per annum while its annual earnings are expected to grow at 4.4% per year. EPS is expected to grow by 4.5% per annum. Return on equity is forecast to be 12.1% in 3 years.

Key information

4.4%

Earnings growth rate

4.5%

EPS growth rate

Capital Markets earnings growth	10.4%
Revenue growth rate	-13.3%
Future return on equity	12.1%
Analyst coverage	Good
Last updated	28 Nov 2024

Recent future growth updates

No updates

Recent updates

Amundi (EPA:AMUN) Has Affirmed Its Dividend Of €4.10

Apr 24

Earnings and Revenue Growth Forecasts

ENXTPA:AMUN - Analysts future estimates and past financials data (EUR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	3,643	1,448	1,455	N/A	11
12/31/2025	3,484	1,337	1,367	N/A	12
12/31/2024	3,444	1,225	1,237	N/A	12
9/30/2024	6,171	1,255	N/A	N/A	N/A
6/30/2024	6,182	1,210	1,400	1,452	N/A
3/31/2024	6,027	1,183	N/A	N/A	N/A
12/31/2023	5,995	1,165	1,490	1,543	N/A
9/30/2023	5,990	1,109	N/A	N/A	N/A
6/30/2023	5,990	1,138	1,228	1,289	N/A
3/31/2023	5,927	1,057	N/A	N/A	N/A
12/31/2022	5,980	1,074	-234	-184	N/A
9/30/2022	5,889	1,091	N/A	N/A	N/A
6/30/2022	6,044	1,152	696	739	N/A
3/31/2022	5,993	1,374	N/A	N/A	N/A
12/31/2021	5,923	1,369	1,908	1,955	N/A
9/30/2021	5,170	1,341	N/A	N/A	N/A
6/30/2021	5,323	1,240	411	468	N/A
3/31/2021	4,769	1,014	N/A	N/A	N/A
12/31/2020	4,667	910	1,208	1,264	N/A
9/30/2020	4,800	896	N/A	N/A	N/A
6/30/2020	4,719	893	1,814	1,863	N/A
3/31/2020	4,891	917	N/A	N/A	N/A
12/31/2019	4,877	959	937	982	N/A
9/30/2019	4,871	889	N/A	N/A	N/A
6/30/2019	4,631	881	664	698	N/A
3/31/2019	4,842	869	N/A	N/A	N/A
12/31/2018	4,850	855	575	594	N/A
9/30/2018	4,109	753	N/A	N/A	N/A
6/30/2018	5,239	848	N/A	496	N/A
3/31/2018	4,127	700	N/A	N/A	N/A
1/1/2018	4,112	681	N/A	2,020	N/A
9/30/2017	2,848	583	N/A	N/A	N/A
6/30/2017	2,877	578	N/A	2,368	N/A
3/31/2017	2,774	581	N/A	N/A	N/A
12/31/2016	2,737	568	N/A	435	N/A
9/30/2016	2,846	540	N/A	N/A	N/A
6/30/2016	2,717	522	N/A	203	N/A
3/31/2016	2,825	520	N/A	N/A	N/A
12/31/2015	2,838	519	N/A	342	N/A
9/30/2015	2,744	517	N/A	N/A	N/A
6/30/2015	2,872	541	N/A	533	N/A
3/31/2015	2,445	507	N/A	N/A	N/A
12/31/2014	2,674	490	N/A	322	N/A
12/31/2013	2,453	451	N/A	560	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: AMUN's forecast earnings growth (4.4% per year) is above the savings rate (1.4%).

Earnings vs Market: AMUN's earnings (4.4% per year) are forecast to grow slower than the French market (12.3% per year).

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

Revenue vs Market: AMUN's revenue is expected to decline over the next 3 years (-13.3% per year).

High Growth Revenue: AMUN's revenue is forecast to decline over the next 3 years (-13.3% 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 (12.1%).

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/22 08:23
End of Day Share Price	2024/12/20 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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 here.

Analysis Model and Snowflake

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

Industry and Sector Metrics

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Analyst Sources

Amundi S.A. is covered by 29 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Farhad Moshiri	AlphaValue
Jesús Gómez Dominguez	Banco Santander
Aurelia Sarah Faure	Banco Santander

Amundi Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

Recent updates

Now 20% undervalued after recent price drop

Third quarter 2024 earnings: Revenues and EPS in line with analyst expectations

Amundi S.A. to Report Q4, 2024 Results on Feb 04, 2025

Second quarter 2024 earnings: EPS in line with analyst expectations despite revenue beat

Amundi S.A. Announces Executive Changes

Now 21% undervalued

Now 20% undervalued after recent price drop

Second quarter 2024 earnings: EPS in line with analyst expectations despite revenue beat

Upcoming dividend of €4.10 per share

Amundi S.A Approves Dividend, Payable on June 5, 2024

Amundi (EPA:AMUN) Has Affirmed Its Dividend Of €4.10

Dividend of €4.10 announced

Full year 2023 earnings: EPS exceeds analyst expectations

Victory Capital Holdings, Inc. (NasdaqGS:VCTR) signed a memorandum of understanding to acquire Amundi USA, Inc. from Amundi S.A. (ENXTPA:AMUN).

Amundi Appoints Barry Glavin as New Head of its Equity Investment Platform

Amundi S.A. (ENXTPA:AMUN) signed a binding agreement for the acquisition of Alpha Associates AG.

Full year 2023 earnings: EPS exceeds analyst expectations

Amundi S.A. (ENXTPA:AMUN) signed a binding agreement for the acquisition of Alpha Associates AG.

Amundi S.A Announces Dividend for the Year 2023, Payable on 5 June 2024

Wilshire Advisors LLC completed the acquisition of Lyxor Asset Management Inc. from Amundi S.A. (ENXTPA:AMUN).

Now 20% undervalued after recent price drop

Wilshire Advisors LLC entered into a definitive agreement to acquire Lyxor Asset Management Inc. from Amundi S.A. (ENXTPA:AMUN).

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

Now 23% undervalued after recent price drop

Amundi Announces Executive Changes, Effective as of 1 November 2023

Now 21% undervalued

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

Amundi S.A. to Report Q1, 2024 Results on Apr 26, 2024

Now 21% undervalued after recent price drop

Now 21% undervalued after recent price drop

Now 20% undervalued after recent price drop

Now 23% undervalued after recent price drop

Upcoming dividend of €4.10 per share at 6.7% yield

Amundi S.A. Announces Dividend for the Year 2022, Payable on 24 May 2023

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

Now 20% undervalued

Now 22% undervalued

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Amundi S.A. Proposes Dividend for the Full Year 2022, Payable on 24 May 2023

Amundi Announces Executive Changes

Third quarter 2022 earnings released

Amundi S.A., Annual General Meeting, May 12, 2023

Second quarter 2022 earnings: Revenues exceed analyst expectations

Amundi to Report Q4, 2022 Results on Feb 08, 2023

Upcoming dividend of €4.10 per share

First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

ProFrac Holding Corp. completed the acquisition of FTS International, Inc. (NYSEAM:FTSI) from group of sellers.

Full year 2021 earnings: EPS exceeds analyst expectations

Amundi SA Propose Cash Dividend, Payable as from 25 May 2022

Third quarter 2021 earnings released: EPS €1.59

Second quarter 2021 earnings released: EPS €2.22 (vs €1.10 in 2Q 2020)

Head of Rates & Credit Éric Brard has left the company

Second quarter 2021 earnings released

Director has left the company

Amundi Approves Dividend for the 2020 Financial Year, Payable on 17 May 2021

CEO of CPR Asset Management, Third-Party Distributors & Wealth Division and Passive Investing Valérie Baudson has left the company

Upcoming dividend of €2.90 per share

First quarter 2021 earnings released: EPS €1.47

Amundi SA to Propose Cash Dividend, Payout as from 17 May 2021

Full year 2020 earnings released: EPS €4.50 (vs €4.75 in FY 2019)

Revenue and earnings beat expectations

Amundi SA to Report Nine Months, 2021 Results on Nov 04, 2021

New 90-day high: €69.05

New 90-day high: €67.45

Market bids up stock over the past week

Revenue behind estimates

Third quarter earnings released

New 90-day low: €56.55

Amundi and BOC Wealth Management Announce Launch of New Joint-Venture in China, Amundi BOC Wealth Management Company Limited

New 90-day low: €59.65

New 90-day low - €63.50

Caravelle completed the acquisition of Luneau Technology Operations SAS from Marc Abitbol, Amundi (ENXTPA:AMUN), Crédit Agricole Régions Investissement SAS, BNP Paribas Développement SA, SCR, MML Capital Partners and other shareholders.

Amundi SA to Report Fiscal Year 2020 Results on Feb 10, 2021

Earnings and Revenue Growth Forecasts