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Affiliated Managers Group Inc (AMG) Files 10-K for the Fiscal Year Ended on December 31, 2018

- By insider

Affiliated Managers Group Inc (AMG) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018. Affiliated Managers Group Inc is an asset management company. It has equity investments in boutique investment management firms. It provides centralized assistance in strategic matters, marketing, distribution, product development and operations. Affiliated Managers Group Inc has a market cap of $5.75 billion; its shares were traded at around $109.13 with a P/E ratio of 24.86 and P/S ratio of 2.53. The dividend yield of Affiliated Managers Group Inc stocks is 1.13%. Affiliated Managers Group Inc had annual average EBITDA growth of 11.20% over the past ten years. GuruFocus rated Affiliated Managers Group Inc the business predictability rank of 1-star.


For the last quarter Affiliated Managers Group Inc reported a revenue of $564.4 million, compared with the revenue of $604.1 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $2.4 billion, an increase of 3.2% from last year. For the last five years Affiliated Managers Group Inc had an average revenue growth rate of 0.1% a year.

The reported diluted earnings per share was $4.52 for the year, a decline of 62.4% from the previous year. Over the last five years Affiliated Managers Group Inc had an average EPS decline of 1.7% a year. The Affiliated Managers Group Inc had a decent operating margin of 32.25%, compared with the operating margin of 34.95% a year before. The 10-year historical median operating margin of Affiliated Managers Group Inc is 30.38%. The profitability rank of the company is 9 (out of 10).

At the end of the fiscal year, Affiliated Managers Group Inc has the cash and cash equivalents of $565.5 million, compared with $439.5 million in the previous year. The long term debt was $1.8 billion, compared with $1.9 billion in the previous year. The interest coverage to the debt is 9.5. Affiliated Managers Group Inc has a financial strength rank of 6 (out of 10).

At the current stock price of $109.13, Affiliated Managers Group Inc is traded at 31.4% discount to its historical median P/S valuation band of $158.99. The P/S ratio of the stock is 2.53, while the historical median P/S ratio is 3.69. The intrinsic value of the stock is $46.98 a share, according to GuruFocus DCF Calculator. The stock lost 40.94% during the past 12 months.

For the complete 20-year historical financial data of AMG, click here.

This article first appeared on GuruFocus.