Affiliated Managers Group, Inc. (AMG) vs Corebridge Financial, Inc. (CRBG)

Affiliated Managers Group, Inc. and Corebridge Financial, Inc. are both Asset Management companies. Corebridge Financial, Inc. is the larger, with a market value of $15.0B against $9.1B — 1.7× the size. Corebridge Financial, Inc. trades at the lower P/E: 7.3× against 11.6×. Corebridge Financial, Inc. grew revenue faster over the last twelve months: 13.9% against 11.8%. Affiliated Managers Group, Inc. has the higher net margin (37.7% vs 10.5%) and the lower return on invested capital (4.68% vs 13.4%). Both pay a dividend; Corebridge Financial, Inc. yields more (2.91% vs 0.01%). Across the 21 metrics below, Affiliated Managers Group, Inc. leads on 11 and Corebridge Financial, Inc. on 10.

Valuation

Metric AMG CRBG Asset Management median
P/E 11.58 7.27 13.35
P/S 4.20 0.73 3.01
P/B 2.42 2.19 0.91
Price to free cash flow 8.95 6.23 7.27
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 8.63% 13.75% 4.59%
Free cash flow yield 11.17% 16.04% 4.88%

Profitability

Metric AMG CRBG Asset Management median
Gross margin 100.00% 38.87% 100.00%
Operating margin 21.52% 19.09% 28.39%
Net margin 37.71% 10.50% 11.89%
Free cash flow margin 46.91% 11.69% 5.96%
Return on equity 21.21% 20.56% 4.61%
Return on assets 9.40% 0.54% 1.45%
Return on invested capital 4.68% 13.38% 2.27%

Growth

Metric AMG CRBG Asset Management median
Revenue growth (TTM) 11.80% 13.86% 7.26%
EPS growth (last fiscal year) 50.30% (118.28%) (5.64%)
Revenue growth, 5-year CAGR 0.46% 4.18% 11.84%
Net income growth, 5-year CAGR 28.80% 0.00% 0.00%

Health

Metric AMG CRBG Asset Management median
Debt to equity 0.76 1.56 0.39
Current ratio 1.24 0.09 1.25
Net debt to EBITDA 3.65 18.45 1.06

Dividend

Metric AMG CRBG Asset Management median
Dividend yield 0.01% 2.91% 6.43%
Payout ratio 0.00 0.21 0.92

Size

Metric AMG CRBG Asset Management median
Market cap 9.06b 15.01b 677.66m

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