(AMG) Affiliated Managers - Overview
Sector: Financial Services | Industry: Asset Management | Exchange: NYSE (USA) | Market Cap: 7.763m USD | Total Return: 73.6% in 12m
Avg Turnover: 86.0M
EPS Trend: 68.8%
Qual. Beats: 3
Rev. Trend: 44.8%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
Confidence, Garp
Affiliated Managers Group, Inc. (AMG) is a global asset management company that operates through a network of affiliate firms. The company provides investment management services to a diverse client base, including institutional investors, retail individuals, and high-net-worth clients. Its product suite spans various investment styles, such as growth and value equities across all market capitalizations, emerging markets, fixed income, and alternative strategies.
The firm utilizes a multi-affiliate business model, which allows it to hold equity stakes in boutique investment firms while providing them with centralized distribution and strategic support. This structure is common in the Asset Management & Custody Banks sub-industry to achieve scale while maintaining the operational autonomy of specialized investment teams. AMG distributes its services through multiple channels, including independent advisors, retirement plan sponsors, and major fund marketplaces.
Headquartered in West Palm Beach, Florida, the company maintains a significant international footprint with offices in major financial hubs such as London, Hong Kong, and Tokyo. Investors may find it useful to evaluate the companys historical performance trends on ValueRay. AMG serves a broad range of institutional entities, including foundations, endowments, and sovereign wealth funds, providing both standardized investment products and customized fiduciary counseling.
- Net client cash flows across alternative and differentiated active investment strategies
- Performance fee realization from private equity and liquid alternative affiliate performance
- Global equity market volatility impacts assets under management and management fee revenue
- Strategic capital allocation toward new affiliate partnerships and minority stake acquisitions
- Interest rate fluctuations influence institutional demand for fixed income and yield products
| Net Income: 754.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.11 > 0.02 and ΔFCF/TA 0.74 > 1.0 |
| NWC/Revenue: 18.62% < 20% (prev 35.95%; Δ -17.33% < -1%) |
| CFO/TA 0.11 > 3% & CFO 1.08b > Net Income 754.7m |
| Net Debt (2.54b) to EBITDA (1.53b): 1.66 < 3 |
| Current Ratio: 1.55 > 1.5 & < 3 |
| Outstanding Shares: last quarter (27.5m) vs 12m ago -15.64% < -2% |
| Gross Margin: 68.14% > 18% (prev 0.56%; Δ 6.76k% > 0.5%) |
| Asset Turnover: 26.13% > 50% (prev 23.38%; Δ 2.75% > 0%) |
| Interest Coverage Ratio: 9.90 > 6 (EBITDA TTM 1.53b / Interest Expense TTM 140.8m) |
| A: 0.05 (Total Current Assets 1.25b - Total Current Liabilities 806.9m) / Total Assets 9.40b |
| B: 0.82 (Retained Earnings 7.73b / Total Assets 9.40b) |
| C: 0.15 (EBIT TTM 1.39b / Avg Total Assets 9.06b) |
| D: 1.48 (Book Value of Equity 7.61b / Total Liabilities 5.15b) |
| Altman-Z'' = 5.57 = AAA |
| DSRI: 1.29 (Receivables 871.4m/581.7m, Revenue 2.37b/2.04b) |
| GMI: 0.82 (GM 68.14% / 55.58%) |
| AQI: 1.03 (AQ_t 0.86 / AQ_t-1 0.83) |
| SGI: 1.16 (Revenue 2.37b / 2.04b) |
| TATA: -0.03 (NI 754.7m - CFO 1.08b) / TA 9.40b) |
| Beneish M = -2.86 (Cap -4..+1) = A |
As of May 24, 2026, the stock is trading at USD 301.96 with a total of 225,996 shares traded.
Over the past week, the price has changed by +2.74%,
over one month by +6.18%,
over three months by +3.67% and
over the past year by +73.60%.
Affiliated Managers has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy AMG.
- StrongBuy: 3
- Buy: 1
- Hold: 3
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 385.7 | 27.7% |
P/E Forward = 8.8968
P/S = 3.657
P/B = 2.5884
P/EG = 0.9221
Revenue TTM = 2.37b USD
EBIT TTM = 1.39b USD
EBITDA TTM = 1.53b USD
Long Term Debt = 2.69b USD (from longTermDebt, last fiscal year)
Short Term Debt = unknown (none)
Debt = 2.92b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 2.54b USD (calculated: Debt 2.92b - CCE 376.1m)
Enterprise Value = 10.3b USD (7.76b + Debt 2.92b - CCE 376.1m)
Interest Coverage Ratio = 9.90 (Ebit TTM 1.39b / Interest Expense TTM 140.8m)
EV/FCF = 9.63x (Enterprise Value 10.3b / FCF TTM 1.07b)
FCF Yield = 10.38% (FCF TTM 1.07b / Enterprise Value 10.3b)
FCF Margin = 45.22% (FCF TTM 1.07b / Revenue TTM 2.37b)
Net Margin = 31.89% (Net Income TTM 754.7m / Revenue TTM 2.37b)
Gross Margin = 68.14% ((Revenue TTM 2.37b - Cost of Revenue TTM 754.0m) / Revenue TTM)
Gross Margin QoQ = 81.02% (prev 83.33%)
Tobins Q-Ratio = 1.10 (Enterprise Value 10.3b / Total Assets 9.40b)
Interest Expense / Debt = 4.82% (Interest Expense 140.8m / Debt 2.92b)
Taxrate = 24.11% (46.5m / 192.9m)
NOPAT = 1.06b (EBIT 1.39b * (1 - 24.11%))
Current Ratio = 1.55 (Total Current Assets 1.25b / Total Current Liabilities 806.9m)
Debt / Equity = 0.94 (Debt 2.92b / totalStockholderEquity, last quarter 3.09b)
Debt / EBITDA = 1.66 (Net Debt 2.54b / EBITDA 1.53b)
Debt / FCF = 2.38 (Net Debt 2.54b / FCF TTM 1.07b)
Total Stockholder Equity = 3.23b (last 4 quarters mean from totalStockholderEquity)
RoA = 8.33% (Net Income 754.7m / Total Assets 9.40b)
RoE = 23.38% (Net Income TTM 754.7m / Total Stockholder Equity 3.23b)
RoCE = 23.54% (EBIT 1.39b / Capital Employed (Equity 3.23b + L.T.Debt 2.69b))
RoIC = 12.44% (NOPAT 1.06b / Invested Capital 8.50b)
WACC = 8.30% (E(7.76b)/V(10.7b) * Re(10.05%) + D(2.92b)/V(10.7b) * Rd(4.82%) * (1-Tc(0.24)))
Discount Rate = 10.05% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -82.22 | Cagr: -16.54%
[DCF] Terminal Value 77.97% ; FCFF base≈1.01b ; Y1≈1.16b ; Y5≈1.71b
[DCF] Fair Price = 877.7 (EV 25.7b - Net Debt 2.54b = Equity 23.2b / Shares 26.4m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 68.83 | EPS CAGR: 10.00% | SUE: 4.0 | # QB: 3
Revenue Correlation: 44.83 | Revenue CAGR: 2.73% | SUE: -0.00 | # QB: 0
EPS current Quarter (2026-06-30): EPS=7.75 | Chg30d=+8.70% | Revisions=+56% | Analysts=6
EPS next Quarter (2026-09-30): EPS=7.76 | Chg30d=+5.10% | Revisions=+56% | Analysts=6
EPS current Year (2026-12-31): EPS=34.83 | Chg30d=+4.11% | Revisions=+56% | GrowthEPS=+33.7% | GrowthRev=+13.1%
EPS next Year (2027-12-31): EPS=39.24 | Chg30d=+4.22% | Revisions=+40% | GrowthEPS=+12.7% | GrowthRev=+11.1%
[Analyst] Revisions Ratio: +56%