Ameriprise Financial Intrinsic Value Calculator – AMERIPRISE FINANCIAL Reports Second Quarter Earnings Results for FY2023
August 20, 2023
🌥️Earnings Overview
On July 26, 2023, AMERIPRISE FINANCIAL ($NYSE:AMP) announced its earnings results for the second quarter of FY2023, which ended on June 30, 2023. The company experienced a 10.5% year-over-year increase in total revenue, amounting to USD 3876.0 million, and a 17.7% growth in net income, totaling USD 890.0 million.
Share Price
The stock opened at $353.9 and closed at $354.5, down 0.1% from the closing price of $354.7 the previous day. This has enabled the company to strengthen its balance sheet and provide more funds for potential investments in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Ameriprise Financial. More…
| Total Revenues | Net Income | Net Margin |
| 14.78k | 2.43k | 16.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ameriprise Financial. More…
| Operations | Investing | Financing |
| 4.21k | -15.01k | 10.18k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Ameriprise Financial. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 169.78k | 165.7k | 39.69 |
Key Ratios Snapshot
Some of the financial key ratios for Ameriprise Financial are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 6.9% | – | 22.3% |
| FCF Margin | ROE | ROA |
| 27.2% | 50.1% | 1.2% |
Analysis – Ameriprise Financial Intrinsic Value Calculator
At GoodWhale, we have been studying the fundamentals of AMERIPRISE FINANCIAL to provide our clients with reliable stock analysis. By employing our proprietary Valuation Line, we have determined that the fair value of the AMERIPRISE FINANCIAL share is around $300.7. At the time of writing, AMERIPRISE FINANCIAL stock is being traded at $354.5, representing a fair price that is overvalued by 17.9%. With the given information, we conclude that the current market price is slightly higher than the fair value, and investors should be cautious when purchasing or investing in AMERIPRISE FINANCIAL shares for the long term. More…
Peers
Ameriprise Financial Inc. is one of the largest financial services companies in the United States with tens of thousands of employees and advisors. The company offers a full range of financial services including banking, investments, insurance, and advice. Ameriprise Financial Inc. has a large network of branches and ATMs across the United States. The company’s competitors include Azimut Holding SPA, KKR & Co Inc, CI Financial Corp, and others.
– Azimut Holding SPA ($OTCPK:AZIHY)
Azimut Holding SPA is a holding company for the Azimut Group, a financial services provider. The Group offers a wide range of services, including asset management, private banking, and insurance. As of 2022, the Group had a market capitalization of 2.89 billion euros and a return on equity of 40.25%. The Group’s products and services are available in more than 20 countries worldwide.
– KKR & Co Inc ($NYSE:KKR)
KKR & Co Inc is a New York City-based global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate, credit, and hedge funds. The company had a market cap of $44.73B as of 2022 and a ROE of 4.34%. KKR’s portfolio includes some of the world’s leading companies, such as First Data, Dell Technologies, and Walgreens Boots Alliance. The company has a team of over 1,600 professionals operating in 28 countries.
– CI Financial Corp ($TSX:CIX)
CI Financial Corp is a diversified wealth management company that provides financial services to clients through its subsidiaries. The company has a market cap of 2.62B as of 2022 and a ROE of 28.09%. CI Financial’s subsidiaries include CI Investments, Assante Wealth Management, and CI Private Counsel. The company’s primary operations are in Canada, but it also has a presence in the United States, Europe, and Asia.
Summary
Investors in AMERIPRISE FINANCIAL have reason to be optimistic about the company’s performance. In its second quarter of FY2023, total revenue rose 10.5% year-over-year to USD 3876.0 million, while net income increased 17.7% to USD 890.0 million. This demonstrates the company’s ability to generate new income streams and grow profits in spite of challenging market conditions. Moving forward, investors should continue to monitor AMERIPRISE FINANCIAL’s financial performance and take advantage of any opportunities for attractive returns.
