Amundi SA (FR:AMUN)
:AMUN
Want to see FR:AMUN full AI Analyst Report?
Top Page
Amundi SA
(AMUN)
Select Model
Select Model
Rating:72Outperform
Price Target:
€94.00
▲(18.91% Upside)
Action:Upgraded
Date:04/07/26
The score is driven primarily by solid underlying financial performance (strong margins, improved leverage, and generally positive free cash flow) and attractive valuation (low P/E and high dividend yield). This is tempered by weaker-to-neutral technical momentum (negative MACD, below 50DMA) and a key fundamental risk from 2025 revenue decline and cash flow volatility.
Positive Factors
Recurring fee business model and diversified product suite
Amundi's core revenue is recurring management and servicing fees across equities, fixed income, multi-asset, ETFs and alternatives. This diversified, fee-based model supports predictable recurring revenues and client stickiness, insulating long-term cash generation from single-product disruption.
Negative Factors
2025 sharp revenue decline
A 20% revenue drop in 2025 reveals material top-line sensitivity and raises questions about client flows or product mix shifts. Such a pronounced decline can compress recurring fee income, strain margins if costs are sticky, and increase volatility in near-term earnings and cash conversion.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring fee business model and diversified product suite
Amundi's core revenue is recurring management and servicing fees across equities, fixed income, multi-asset, ETFs and alternatives. This diversified, fee-based model supports predictable recurring revenues and client stickiness, insulating long-term cash generation from single-product disruption.
Read all positive factors
Amundi SA (AMUN) vs. iShares MSCI France ETF (EWQ)
Market Cap
€17.38B
Dividend Yield6.07%
Average Volume (3M)143.29K
Price to Earnings (P/E)12.9
Beta (1Y)1.18
Revenue Growth9.60%
EPS Growth21.79%
CountryFR
Employees5,700
SectorGeneral
Sector StrengthN/A
IndustryAsset Management
Share Statistics
EPS (TTM)6.53
Shares Outstanding206,386,320
10 Day Avg. Volume133,463
30 Day Avg. Volume143,293
Financial Highlights & Ratios
PEG Ratio0.42
Price to Book (P/B)1.15
Price to Sales (P/S)2.06
P/FCF Ratio8.40
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€84.21Price Target Upside6.53% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering8
EPS Forecast (FY)7.17
Revenue Forecast (FY)€3.48B
Amundi SA Business Overview & Revenue Model
Company Description
Amundi S.A. is a publicly listed firm specializing in asset management. The company offers a diverse range of retail financial products and solutions, distributed within France primarily through quasi-exclusive partnerships with the retail banking...
How the Company Makes Money
Amundi primarily makes money by charging fees for managing client assets (assets under management, AUM). Its main revenue stream is management fees earned on investment products and discretionary/mandated portfolios; these fees are typically calcu...
Amundi SA Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
72
Positive
Cash Flow
66
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 7.04B | 6.66B | 6.00B | 5.98B | 5.92B |
| Gross Profit | 3.62B | 3.58B | 3.23B | 3.11B | 3.19B |
| EBITDA | 2.31B | 1.77B | 1.56B | 1.47B | 1.67B |
| Net Income | 1.59B | 1.31B | 1.16B | 1.07B | 1.37B |
Balance Sheet | |||||
| Total Assets | 38.74B | 38.30B | 36.01B | 28.62B | 28.72B |
| Cash, Cash Equivalents and Short-Term Investments | 4.14B | 2.79B | 675.73M | 528.76M | 1.30B |
| Total Debt | 2.02B | 2.36B | 2.16B | 12.26B | 12.13B |
| Total Liabilities | 26.04B | 26.25B | 24.59B | 17.54B | 17.99B |
| Stockholders Equity | 12.66B | 12.00B | 11.37B | 11.03B | 10.67B |
Cash Flow | |||||
| Free Cash Flow | 1.73B | 1.52B | 1.49B | -233.98M | 1.91B |
| Operating Cash Flow | 1.82B | 1.59B | 1.54B | -183.79M | 1.96B |
| Investing Cash Flow | -444.20M | -393.58M | -20.17M | -49.63M | -648.39M |
| Financing Cash Flow | -877.38M | -931.46M | -845.42M | -980.22M | -681.64M |
Amundi SA Technical Analysis
Positive
79.05
Price Trends
78.88
Positive
75.56
Positive
70.08
Positive
Market Momentum
1.33
Negative
61.97
Neutral
73.20
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:AMUN, the sentiment is Positive. The current price of 79.05 is below the 20-day moving average (MA) of 81.49, above the 50-day MA of 78.88, and above the 200-day MA of 70.08, indicating a bullish trend. The MACD of 1.33 indicates Negative momentum. The RSI at 61.97 is Neutral, neither overbought nor oversold. The STOCH value of 73.20 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FR:AMUN.
Amundi SA Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | €17.38B | 12.93 | 14.33% | 6.07% | 9.60% | 21.79% | |
72 Outperform | €314.01M | 12.67 | 21.06% | 6.43% | 16.42% | -6.63% | |
70 Outperform | €1.64B | 14.77 | 23.08% | 6.77% | -8.13% | -19.01% | |
63 Neutral | €2.96B | 32.11 | 2.94% | 5.10% | 8.96% | -73.22% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | €3.46B | -29.14 | -2.85% | 7.66% | -6.15% | -153.04% | |
49 Neutral | €2.86B | -6.93 | -5.82% | 4.99% | 12.32% | 1.60% |
* General Sector Average
FR:AMUN
Amundi SA
84.45
20.23
31.49%
FR:ABCA
ABC Arbitrage
5.32
-0.55
-9.37%
FR:RF
Eurazeo
42.90
-16.25
-27.47%
FR:MF
Wendel SE
82.75
-0.30
-0.36%
FR:TKO
Tikehau Capital SCA
17.02
-0.83
-4.66%
FR:ANTIN
Antin Infrastructure Partners
9.16
-1.19
-11.51%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.