Affiliated Managers Stock Intrinsic Value – AFFILIATED MANAGERS Reports Q2 Earnings Results for FY2023 on July 26, 2023
August 9, 2023
🌥️Earnings Overview
On July 26 2023, AFFILIATED MANAGERS ($NYSE:AMG) announced their fiscal year 2023 second quarter earnings results as of June 30 2023. Revenue experienced a decrease of 15.2% to USD 512.5 million compared to the same period in the prior year, while net income rose 14.5%, reaching USD 125.3 million.
Price History
On July 26, 2023, AFFILIATED MANAGERS reported its second quarter earnings results for fiscal year 2023. The company’s stock opened on Wednesday at $155.3, but closed at $141.6, representing a plunge of 12.4% from its previous closing price of $161.6. This marked the largest one-day drop in AFFILIATED MANAGERS stock since mid-April.
Analysts were disappointed with the results and the significant drop in share prices, noting that they were much lower than expected. Investors will be closely watching to see if the company can rebound from this slump in the upcoming quarters, and if AFFILIATED MANAGERS can continue to drive its growth. 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 Stock Intrinsic Value
At GoodWhale, we conducted an in-depth analysis of AFFILIATED MANAGERS‘ wellbeing. After taking into account a variety of criteria, such as financial performance and industry trends, our proprietary Valuation Line calculation resulted in an intrinsic value of $66.0 for AFFILIATED MANAGERS shares. However, when we look at the current stock market price of AFFILIATED MANAGERS, it is trading at $141.6 – a whopping 114.5% more than the intrinsic value. This indicates that AFFILIATED MANAGERS is currently overvalued by the market. More…
Peers
Its competitors are BlackRock Inc, CI Financial Corp, and Pinnacle Investment Management Group Ltd.
– BlackRock Inc ($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 FY2023 Q2 earnings results on July 26th, showing overall revenue was down 15.2% compared to the same period in the previous year. Despite the decrease in revenue, the company reported a net income increase of 14.5% year over year. This news caused a decline in stock price for AFFILIATED MANAGERS on the same day.
Investors should monitor upcoming company activities and performance, as current conditions may not accurately reflect future growth potential. Any changes in management, financial statements or business operations can cause unexpected fluctuations and should be taken into account when making an investment decision.
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