| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | — | — | — | — | — | — | 1 | 1 | — | — | — |
| Sell | — | — | — | — | — | 2 | — | 2 | 1 | — | — | — |
| total | individual payouts | |
|---|---|---|
| 2028 | ‡‡‡‡ |
|
| 2027 | ‡‡‡‡‡ |
|
| 2026 | 0.04 |
—
—
—
|
| 2025 | 0.04 |
—
—
—
—
|
| 2024 | 0.04 |
—
—
—
—
|
| 2023 | 0.04 |
—
—
—
—
|
| 2022 | 0.04 |
—
—
—
—
|
| 2021 | 0.04 |
—
—
—
—
|
| 2020 | 0.35 |
—
—
—
—
|
| 2019 | 1.28 |
—
—
—
—
|
| 2018 | 1.20 |
—
—
—
—
|
| 2017 | 0.80 |
—
—
—
—
|
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Cash | 813.60 | 950.00 | 586.00 | 411.00 |
| Receivables | 368.40 | 409.70 | 496.20 | 846.90 |
| Inventory | — | — | — | — |
| Other | — | — | — | — |
| 1,182.00 | 1,359.70 | 1,082.20 | 1,257.90 |
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Payables | 628.50 | 639.10 | 806.90 | 1,015.90 |
| ST’ Debt | 2,537.50 | — | — | — |
| Other | — | — | — | — |
| 628.50 | 639.10 | 806.90 | 1,015.90 |
| 10y | 5y | 3y | |
| Sales | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Earnings | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Book Value | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡ |
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 544.90 | 640.70 | — | — |
—
|
| ’25 | 496.60 | 493.20 | 528.00 | 556.60 |
2,074.40
|
| ’24 | 499.90 | 500.30 | 516.40 | 524.30 |
2,040.90
|
| ’23 | 517.40 | 512.50 | 525.20 | 502.70 |
2,057.80
|
| ’22 | 607.30 | 604.10 | 578.60 | 539.60 |
2,329.60
|
| ’21 | 559.10 | 586.30 | 575.20 | 691.80 |
2,412.40
|
| ’20 | 507.30 | 471.10 | 494.80 | 554.30 |
2,027.50
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 299.30 | 239.00 | — | — |
—
|
| ’25 | 208.90 | 230.80 | 277.10 | 256.40 |
973.20
|
| ’24 | 209.20 | 245.20 | 265.20 | 212.50 |
932.10
|
| ’23 | 234.80 | 90.70 | 293.90 | 254.90 |
874.30
|
| ’22 | 145.00 | 361.50 | 290.90 | 257.30 |
1,054.70
|
| ’21 | 188.90 | 362.00 | 346.40 | 361.90 |
1,259.20
|
| ’20 | 85.60 | 289.80 | 251.40 | 382.50 |
1,009.30
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 295.50 | 239.00 | — | — |
—
|
| ’25 | 207.30 | 229.40 | 275.90 | 254.50 |
967.10
|
| ’24 | 208.20 | 244.60 | 264.50 | 211.40 |
928.70
|
| ’23 | 232.90 | 88.60 | 291.30 | 249.10 |
861.90
|
| ’22 | 141.30 | 359.10 | 287.90 | 255.00 |
1,043.30
|
| ’21 | 188.20 | 360.60 | 343.60 | 358.40 |
1,250.80
|
| ’20 | 83.00 | 287.90 | 249.10 | 380.80 |
1,000.80
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 3.84 | 6.95 | — | — |
—
|
| ’25 | 2.20 | 2.80 | 6.87 | 11.21 |
22.74
|
| ’24 | 4.14 | 2.26 | 3.78 | 4.92 |
15.13
|
| ’23 | 3.47 | 3.25 | 5.48 | 5.15 |
17.42
|
| ’22 | 3.44 | 2.68 | 2.80 | 17.40 |
25.35
|
| ’21 | 3.41 | 2.55 | 3.00 | 4.17 |
13.05
|
| ’20 | (0.33) | 0.65 | 1.53 | 2.54 |
4.33
|
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 108.12 | 120.22 | 145.36 | 139.22 | — | — | — |
Low Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 171.39 | 180.63 | 199.52 | 299.69 | — | — | — |
High Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 3,950 | 4,000 | 4,100 | 5,600 | — | — | — |
Employees
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.59 | 0.51 | 0.50 | 0.37 | — | — | — |
Revenue/Emp
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2,329.60 | 2,057.80 | 2,040.90 | 2,074.40 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue
|
| ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | 100.00% | 100.00% | 100.00% | 100.00% | — | — | — |
Gross Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1,746.40 | 1,091.40 | 923.20 | 1,186.30 | — | — | — |
EBT
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 74.97% | 53.04% | 45.23% | 57.19% | ‡‡‡ | ‡‡‡ | ‡‡‡ |
EBT Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1,388.10 | 906.10 | 740.60 | 904.00 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Net Income
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 67.40 | 61.30 | 42.40 | 170.70 | — | — | — |
Depreciation
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 60.51 | 58.63 | 65.62 | 72.79 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue/Sh
|
| ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | 29.77 | 19.18 | 16.45 | 25.18 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Earnings/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 27.39 | 24.91 | 29.97 | 34.15 | ‡‡‡‡ | — | — |
Cash Flow/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.30) | (0.35) | (0.11) | (0.21) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Capex/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 27.10 | 24.56 | 29.86 | 33.93 | — | — | — |
Free CF/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 108.46 | 130.20 | 138.21 | 146.50 | ‡‡‡‡ | — | — |
Book Value/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 38.50 | 35.10 | 31.10 | 28.50 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Shares
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 5.31 | 7.77 | 11.22 | 11.33 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
PE Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | 2.65 | 2.56 | 2.82 | 3.96 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PS Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.48 | 1.15 | 1.34 | 1.97 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PB Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 4.73 | 4.63 | 4.92 | 6.12 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
EV/Sales
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 10.56 | 11.05 | 10.81 | 13.12 | — | — | — |
EV/FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1,054.70 | 874.30 | 932.10 | 973.20 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Op' Cash Flow
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (11.40) | (12.40) | (3.40) | (6.10) | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Capex
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1,043.30 | 861.90 | 928.70 | 967.10 | ‡‡‡‡‡ | — | — |
FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (2,568.40) | 553.50 | 720.60 | 275.30 | — | — | — |
Working Cap'
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 5,265.30 | 5,075.00 | 2,620.20 | 2,691.30 | — | — | — |
Total Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 4,836.10 | 4,261.40 | 1,670.20 | 2,105.30 | — | — | — |
Net Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 4,175.60 | 4,570.10 | 4,298.20 | 4,175.30 | — | — | — |
Sh' Equity
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 12.91% | 7.50% | 5.72% | 7.95% | — | — | — |
ROA
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 5.34% | 4.85% | 6.98% | 4.04% | — | — | — |
ROIC
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 29.06% | 15.39% | 11.54% | 16.91% | — | — | — |
ROE
|
Affiliated Managers Group (AMG) stands as a battle-tested powerhouse in asset management, partnering with boutique firms to thrive through COVID crashes, stimulus-fueled bulls, and rate-induced headwinds. Revenues dipped post-pandemic but stabilized at $2.04 billion in 2024, with analysts forecasting a sharp rebound—2% growth in 2025 accelerating to 12% in 2026 and 10% in 2027—powered by high-margin affiliates, 100% gross margins, and relentless share repurchases that have slashed outstanding shares 43% since 2016, turbocharging EPS from $16.45 to a projected $24.18 by 2026 (47% jump).
The real edge lies in profitability torque and fortress-like finances: EBT margins normalizing at 45-57%, ROE at sector-topping levels, debt halved to $2.62 billion, and free cash flow per share holding near $30 amid negligible capex. Trading at dirt-cheap 11x trailing PE, 2.8x PS, and 1.3x PB—well below historical norms—AMG draws 20-39% upside from analyst targets, fueled by alternatives expansion and M&A firepower, even as overlooked risks like persistent outflows test the moat.
This isn’t consensus euphoria; it’s a contrarian value trap sprung into growth, with buybacks bridging any market lag—primed for asymmetric returns if rate cuts ignite AUM.
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