Affiliated Managers Intrinsic Value Calculator – AFFILIATED MANAGERS Reports Strong Second Quarter Earnings for FY2023
August 1, 2023
☀️Earnings Overview
AFFILIATED MANAGERS ($NYSE:AMG) reported total revenue of USD 512.5 million for the second quarter of FY2023, on June 30 2023, resulting in a 15.2% decrease from the same period in the prior year. Net income, however, increased 14.5% to USD 125.3 million.
Stock Price
On Wednesday, AFFILIATED MANAGERS reported its second quarter earnings for FY2023, and stock opened at $155.3 before closing at $141.6, a drop of 12.4% from the prior closing price of 161.6. Despite the decline in share price, the company was able to report strong results for the quarter. The company’s management credited the strong sales in various business segments for the positive results. In particular, AFFILIATED MANAGERS saw strong growth in its asset management, private equity and investment banking divisions.
The company also noted that its investments in technology and research have been paying off, as those areas have contributed to the increased sales. Going forward, AFFILIATED MANAGERS will continue to focus on investing in technology and research in order to ensure that it remains competitive in the market. The company also expects to continue to grow its asset management and private equity divisions in order to capitalize on the current market conditions. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Affiliated Managers. More…
| Total Revenues | Net Income | Net Margin |
| 2.15k | 1.15k | 22.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Affiliated Managers. More…
| Operations | Investing | Financing |
| 1.14k | -109.9 | -1.4k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Affiliated Managers. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 8.97k | 4.1k | 94.12 |
Key Ratios Snapshot
Some of the financial key ratios for Affiliated Managers are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 1.0% | 6.3% | 85.3% |
| FCF Margin | ROE | ROA |
| 52.8% | 34.4% | 12.8% |
Analysis – Affiliated Managers Intrinsic Value Calculator
At GoodWhale, we take the wellbeing of AFFILIATED MANAGERS very seriously. That’s why we analyze their wellbeing and provide insight into how their decisions and actions can impact the company’s performance. To help our clients make informed decisions, we use our proprietary Valuation Line to calculate the intrinsic value of AFFILIATED MANAGERS’ shares. Our valuation analysis shows that AFFILIATED MANAGERS’ intrinsic value is around $65.8. However, the current market price of AFFILIATED MANAGERS’ stock is at $141.6 – an overvaluation of 115.3%. This discrepancy between intrinsic value and market price is something that investors should be aware of before making any decisions. More…
Peers
Its competitors are BlackRock Inc, CI Financial Corp, and Pinnacle Investment Management Group Ltd.
– BlackRock Inc ($NYSE:BLK)
BlackRock Inc is a publicly traded company with a market capitalization of $90.05 billion as of early 2021. The company operates as an investment management firm and has a strong focus on exchange-traded funds (ETFs). As of early 2021, BlackRock managed nearly $8 trillion in assets on behalf of its clients. The company has a return on equity (ROE) of 12.63%.
BlackRock was founded in 1988 and has grown to become one of the largest asset managers in the world. The company is headquartered in New York City and has offices in dozens of countries around the globe. BlackRock serves a wide range of clients, including institutional investors, financial advisors, and individual investors.
– CI Financial Corp ($TSX:CIX)
As of 2022, CI Financial Corp has a market cap of 2.54B and a Return on Equity of 30.25%. The company is a leading provider of financial services in Canada, with a focus on asset management and wealth management. The company has a strong track record of delivering superior performance for its clients and shareholders.
– Pinnacle Investment Management Group Ltd ($ASX:PNI)
Pinnacle Investment Management Group Ltd is a global asset management firm with over $1.67 billion in assets under management. The company offers a wide range of investment products and services to institutional and retail investors across the globe. Pinnacle is headquartered in Sydney, Australia and has offices in London, New York, Hong Kong, and Singapore.
Summary
AFFILIATED MANAGERS reported their second quarter of FY2023 earnings results on June 30th 2023. Revenues decreased by 15.2% year-over-year, however net income rose by 14.5%, to USD 125.3 million. Investors responded to this news negatively, with the stock price dropping the same day. When considering investing in AFFILIATED MANAGERS, investors should weigh the pros and cons of this performance, considering the differences between revenue and income figures, as well as the stock price reaction.
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