AGF Management B NV (AGF.B) AI Stock Analysis

• Market Cap: C$903.28M
• Dividend Yield: 3.36%
• Average Volume (3M): 104.83K
• Price to Earnings (P/E): 8.7
• Beta (1Y): 1.20
• Revenue Growth: 16.93%
• EPS Growth: 17.52%
• Country: CA
• Employees: 634
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): 0.39
• Shares Outstanding: 64,879,616
• 10 Day Avg. Volume: 134,252
• 30 Day Avg. Volume: 104,825
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$15.20
• Price Target Upside: 6.29% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 5

• Rating: 75 Outperform
• Price Target: C$14.00 ▼(-2.10% Downside)

AGF Management B NV's strong financial performance and attractive valuation are the primary drivers of its overall score. While technical indicators show positive momentum, caution is warranted due to potential short-term weakness. The balanced sentiment from the earnings call reflects both growth opportunities and financial challenges.

Positive Factors

AUM Growth

The 12% year-over-year growth in assets under management (AUM) indicates strong market demand for AGF's investment solutions, enhancing its revenue potential through increased management fees.

Innovative Product Recognition

Recognition as the Mutual Fund Provider of the Year underscores AGF's innovative product offerings, strengthening its brand reputation and competitive position in the asset management industry.

Strong Balance Sheet

A low debt-to-equity ratio reflects financial stability and low risk, providing AGF with flexibility to invest in growth opportunities and withstand economic fluctuations.

Negative Factors

Decreased Adjusted EBITDA

The decrease in adjusted EBITDA suggests potential challenges in maintaining operational efficiency and profitability, which could affect AGF's ability to invest in future growth.

Decrease in Free Cash Flows

Reduced free cash flows may limit AGF's capacity to fund new initiatives or return capital to shareholders, impacting long-term financial flexibility and growth potential.

Lower Management Fees

A decline in management fees can affect AGF's revenue stream, especially if market volatility persists, potentially impacting profitability and investment in strategic initiatives.

AGF Management B NV Business Overview & Revenue Model

Company Description

AGF Management Limited is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to public and corporate DB pension plans, endowments and foundations, sovereign wealth funds, corporate plans, insurance companies, and sub-advised mandates. Through its subsidiaries, it manages separate client-focused equity, fixed income, and balanced mutual funds along with separate client-focused equity, fixed income, and balanced portfolios. Through its subsidiaries, the firm invests in the public equity and fixed income markets across the globe. For its equity portion, it invests in growth stocks of companies. The firm employs fundamental analysis to make its investments. AGF Management Limited was founded in 1957 and is based in Toronto, Canada.

How the Company Makes Money

AGF Management generates revenue primarily through management fees charged on assets under management (AUM). These fees are typically calculated as a percentage of the total assets managed and can vary based on the type of investment strategy employed. Additionally, the company may earn performance fees when it achieves returns above a certain benchmark or target for its clients. Other key revenue streams include consulting services and advisory fees for clients seeking customized investment solutions. Partnerships with financial institutions and distributors also contribute to its earnings by expanding its reach and enhancing its product offerings.

AGF Management B NV Financial Statement Overview

Summary

AGF Management B NV exhibits strong financial health with robust revenue and profit growth, efficient cost management, a stable balance sheet with low leverage, and strong cash generation capabilities.

Income Statement

AGF Management B NV has demonstrated strong revenue growth with a TTM revenue increase of 6.27% compared to the previous annual period. The gross profit margin for TTM is 63.38%, indicating efficient cost management. The net profit margin is also robust at 19.28%, reflecting healthy profitability. EBIT and EBITDA margins are solid at 20.82% and 27.83% respectively, showcasing strong operational performance.

Balance Sheet

The company's balance sheet is stable with a debt-to-equity ratio of 0.14, indicating low leverage. The return on equity (ROE) is strong at 8.94%, suggesting effective use of equity to generate profits. The equity ratio is high at 68.26%, reflecting a strong equity base relative to total assets. Overall, the balance sheet shows financial stability with low risk.

Cash Flow

AGF Management B NV has shown a healthy free cash flow growth rate of 4.47% in the TTM period. The operating cash flow to net income ratio is 1.16, indicating strong cash generation relative to net income. The free cash flow to net income ratio is 1.13, further supporting the company's ability to generate cash. Overall, the cash flow position is strong, supporting future growth and stability.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	540.28M	508.38M	471.82M	445.44M	446.96M	380.65M
Gross Profit	342.33M	261.25M	471.55M	138.76M	106.61M	104.96M
EBITDA	150.39M	141.68M	129.01M	83.21M	49.12M	49.26M
Net Income	104.16M	97.57M	87.70M	66.65M	39.30M	173.91M
Balance Sheet
Total Assets	1.71B	1.63B	1.42B	1.37B	1.36B	1.35B
Cash, Cash Equivalents and Short-Term Investments	49.73M	73.13M	72.64M	79.30M	109.56M	112.18M
Total Debt	165.12M	95.83M	89.89M	102.86M	84.63M	85.66M
Total Liabilities	515.13M	473.62M	331.38M	338.44M	328.24M	331.36M
Stockholders Equity	1.17B	1.13B	1.09B	1.03B	1.03B	1.02B
Cash Flow
Free Cash Flow	117.41M	112.38M	83.80M	48.26M	34.53M	89.15M
Operating Cash Flow	120.85M	114.58M	87.24M	64.60M	47.80M	92.46M
Investing Cash Flow	-89.48M	-78.66M	-37.47M	-40.33M	-24.60M	240.43M
Financing Cash Flow	-41.15M	-33.42M	-57.93M	-52.13M	-30.73M	-290.54M

AGF Management B NV Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 14.30
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:AGF.B, the sentiment is Positive. The current price of 14.3 is above the 20-day moving average (MA) of 12.80, above the 50-day MA of 12.52, and above the 200-day MA of 11.18, indicating a bullish trend. The MACD of 0.48 indicates Negative momentum. The RSI at 74.56 is Negative, neither overbought nor oversold. The STOCH value of 87.22 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:AGF.B.

AGF Management B NV Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AGF.B	75 Outperform	C$903.28M	8.65	9.24%	3.36%	16.93%	17.52%
SEC	74 Outperform	856.58M	5.03	9.45%	―	14.62%	0.00%
GCG.A	74 Outperform	1.65B	10.59	11.37%	2.90%	96.56%	158.06%
GCG	69 Neutral	1.65B	10.58	11.37%	2.90%	96.56%	158.06%
FSZ	68 Neutral	729.30M	19.42	14.22%	9.47%	-1.64%	-40.68%
AIM	62 Neutral	291.06M	-36.16	-11.29%	―	12.18%	93.30%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%