Morningstar

AGF Management Ltd Shs -B- Non-Voting AGF.B

Morningstar Rating
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Stock XTSE Rating as of
CAD 10.49 +0.33 (3.25%)
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As of Delayed Price Closed

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Price vs Fair Value

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AGF.B is trading at a 319% premium.
Price
CAD 10.49
Fair Value
CAD 5.60
Uncertainty
High
1-Star Price
CAD 13.64
5-Star Price
CAD 5.20
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

AGF Management's retail operations had generated some of their best periods of quarterly inflows since before the 2008-09 global financial crisis during fiscal 2021-22.

Bears

With AGF Management's fortunes tied to the direction of the global equity and credit markets and the firm having a significant amount of operating leverage, a prolonged market downturn would have a negative impact.

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Trading Information

Previous Close Price
CAD 10.16
Day Range
CAD 10.20–10.68
52-Week Range
CAD 6.30–10.68
Bid/Ask
CAD 9.85 / CAD 10.60
Market Cap
CAD 670.45 Mil
Volume/Avg
287,882 / 73,207

Key Statistics

Price/Earnings (Normalized)
7.95
Price/Sales
1.45
Dividend Yield (Trailing)
4.29%
Dividend Yield (Forward)
4.39%
Total Yield
5.57%

Company Profile

AGF Management is predominantly a Canadian-based independent asset manager (with some very minor operations and investments in the US, the UK, Ireland, and Asia). At the end of May 2024, it had CAD 47.8 billion in total assets under management, or AUM, derived from its retail (CAD 26.9 billion), institutional/sub-advised (CAD 12.9 billion), and high-net worth (CAD 8.0 billion) channels. AGF Management's funds are weighted more heavily toward equities, with roughly three quarters of the firm's reported retail AUM being equity-related. That said, the company does use fundamental, quantitative, and alternative strategies to manage its investment funds.
Sector
Financial Services
Industry
Asset Management
Stock Style Box
Small Value
Total Number of Employees
620
Website
https://www.agf.com

Competitors

Valuation

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Metric
AGF.B
IVZ
IGM
Price/Earnings (Normalized)
 7.9511.2311.49
Price/Book Value
 0.610.751.39
Price/Sales
 1.451.392.99
Price/Cash Flow
 8.004.8311.40
Price/Earnings
AGF.B
IVZ
IGM

Financial Strength

Metric
AGF.B
IVZ
IGM
Quick Ratio
 1.171.882.19
Current Ratio
 1.191.883.28
Interest Coverage
 17.96−2.269.51
Quick Ratio
AGF.B
IVZ
IGM

Profitability

Metric
AGF.B
IVZ
IGM
Return on Assets (Normalized)
 4.30%2.50%4.95%
Return on Equity (Normalized)
 5.91%6.60%14.12%
Return on Invested Capital (Normalized)
 5.56%2.96%7.34%
Return on Assets
AGF.B
IVZ
IGM

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