Affiliated Managers Group
Market Cap
US$7.3b
Last Updated
2021/04/18 22:59 UTC
Data Sources
Company Financials +
Executive Summary
Affiliated Managers Group, Inc., through its affiliates, operates as an asset management company providing investment management services to mutual funds, institutional clients, and high net worth individuals in the United States. More Details
Rewards
Risk Analysis
Snowflake Analysis
Proven track record with mediocre balance sheet.
Similar Companies
Share Price & News
How has Affiliated Managers Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: AMG is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: AMG's weekly volatility (7%) has been stable over the past year.
Market Performance
7 Day Return
1.2%
AMG
0.5%
US Capital Markets
1.3%
US Market
1 Year Return
150.2%
AMG
61.7%
US Capital Markets
53.8%
US Market
Return vs Industry: AMG exceeded the US Capital Markets industry which returned 61.7% over the past year.
Return vs Market: AMG exceeded the US Market which returned 53.8% over the past year.
Shareholder returns
| AMG | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.2% | 0.5% | 1.3% |
| 30 Day | 5.6% | 3.6% | 5.1% |
| 90 Day | 42.8% | 12.9% | 8.9% |
| 1 Year | 150.3%150.2% | 65.4%61.7% | 56.6%53.8% |
| 3 Year | -5.8%-8.1% | 53.4%42.1% | 64.4%53.6% |
| 5 Year | -8.6%-11.4% | 145.3%114.6% | 120.4%95.7% |
Long-Term Price Volatility Vs. Market
How volatile is Affiliated Managers Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 months ago | Simply Wall St
CEO, President & Director Jay Horgen Just Bought 2.9% More Shares In Affiliated Managers Group, Inc. (NYSE:AMG)2 months ago | Simply Wall St
Affiliated Managers Group (NYSE:AMG) Shareholders Booked A 71% Gain In The Last Year5 months ago | Simply Wall St
Affiliated Managers Group, Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen NextValuation
Is Affiliated Managers Group undervalued compared to its fair value and its price relative to the market?
36.22x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: AMG ($157.5) is trading above our estimate of fair value ($84.53)
Significantly Below Fair Value: AMG is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: AMG is poor value based on its PE Ratio (36.2x) compared to the US Capital Markets industry average (24.8x).
PE vs Market: AMG is poor value based on its PE Ratio (36.2x) compared to the US market (22.4x).
Price to Earnings Growth Ratio
PEG Ratio: AMG is poor value based on its PEG Ratio (2.7x)
Price to Book Ratio
PB vs Industry: AMG is good value based on its PB Ratio (2.5x) compared to the US Capital Markets industry average (68.1x).
Future Growth
How is Affiliated Managers Group forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
13.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AMG's forecast earnings growth (13.5% per year) is above the savings rate (2%).
Earnings vs Market: AMG's earnings (13.5% per year) are forecast to grow slower than the US market (17.9% per year).
High Growth Earnings: AMG's earnings are forecast to grow, but not significantly.
Revenue vs Market: AMG's revenue (1.8% per year) is forecast to grow slower than the US market (9.3% per year).
High Growth Revenue: AMG's revenue (1.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: AMG's Return on Equity is forecast to be low in 3 years time (10.7%).
Past Performance
How has Affiliated Managers Group performed over the past 5 years?
-30.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AMG has high quality earnings.
Growing Profit Margin: AMG's current net profit margins (10%) are higher than last year (0.8%).
Past Earnings Growth Analysis
Earnings Trend: AMG's earnings have declined by 30.4% per year over the past 5 years.
Accelerating Growth: AMG's earnings growth over the past year (1040.1%) exceeds its 5-year average (-30.4% per year).
Earnings vs Industry: AMG earnings growth over the past year (1040.1%) exceeded the Capital Markets industry 10%.
Return on Equity
High ROE: AMG's Return on Equity (10.7%) is considered low.
Financial Health
How is Affiliated Managers Group's financial position?
Financial Position Analysis
Short Term Liabilities: AMG's short term assets ($1.5B) exceed its short term liabilities ($444.7M).
Long Term Liabilities: AMG's short term assets ($1.5B) do not cover its long term liabilities ($3.5B).
Debt to Equity History and Analysis
Debt Level: AMG's debt to equity ratio (58%) is considered high.
Reducing Debt: AMG's debt to equity ratio has increased from 43.1% to 58% over the past 5 years.
Debt Coverage: AMG's debt is well covered by operating cash flow (43.6%).
Interest Coverage: AMG's interest payments on its debt are well covered by EBIT (10.6x coverage).
Balance Sheet
Dividend
What is Affiliated Managers Group current dividend yield, its reliability and sustainability?
0.026%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: AMG's dividend (0.026%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.24%).
High Dividend: AMG's dividend (0.026%) is low compared to the top 25% of dividend payers in the US market (3.46%).
Stability and Growth of Payments
Stable Dividend: AMG is not paying a notable dividend for the US market, therefore no need to check if payments are stable.
Growing Dividend: AMG is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: AMG is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of AMG's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.3yrs
Average management tenure
CEO
Jay Horgen (49 yo)
1.92yrs
Tenure
US$24,197,628
Compensation
Mr. Jay C. Horgen has been the President at Affiliated Managers Group Inc. since February 04, 2019 and has been its Chief Executive Officer since May 29, 2019. Mr. Horgen served as Chief Financial Officer ...
CEO Compensation Analysis
Compensation vs Market: Jay's total compensation ($USD24.20M) is above average for companies of similar size in the US market ($USD6.51M).
Compensation vs Earnings: Jay's compensation has increased by more than 20% in the past year.
Leadership Team
Experienced Management: AMG's management team is considered experienced (2.3 years average tenure).
Board Members
Experienced Board: AMG's board of directors are not considered experienced ( 1 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: AMG insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Affiliated Managers Group, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Affiliated Managers Group, Inc.
- Ticker: AMG
- Exchange: NYSE
- Founded: 1993
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: US$7.324b
- Shares outstanding: 42.62m
- Website: https://www.amg.com
Number of Employees
Location
- Affiliated Managers Group, Inc.
- 777 South Flagler Drive
- West Palm Beach
- Florida
- 33401
- United States
Listings
Biography
Affiliated Managers Group, Inc., through its affiliates, operates as an asset management company providing investment management services to mutual funds, institutional clients, and high net worth individu...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/18 22:59 |
| End of Day Share Price | 2021/04/16 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.