AGF reported fiscal third-quarter adjusted net revenue of CAD 113 million, down sequentially from CAD 127 million but up from CAD 108 million last year. Adjusted EBITDA of CAD 49 million grew 6% year over year but declined 24% from an elevated second quarter. Shares dipped 8% in intraday trading.
Flows have seen periods of improvement, such as during 2020-21, and could improve faster than our expectations.
With AGF’s base management fees heavily tied to equity markets, a prolonged market downturn would hurt the firm's profits.
|
Metric
|
AGF.B
|
IVZ
|
IGM
|
|---|---|---|---|
Price/Earnings (Normalized) | 8.43 | 12.12 | 16.22 |
Price/Book Value | 0.77 | 1.35 | 2.08 |
Price/Sales | 1.72 | 2.00 | 4.83 |
Price/Cash Flow | 6.77 | 7.53 | 16.60 |
|
Metric
|
AGF.B
|
IVZ
|
IGM
|
|---|---|---|---|
Quick Ratio | 0.88 | 6.82 | 3.71 |
Current Ratio | 1.08 | 6.82 | 4.84 |
Interest Coverage | 32.15 | −2.05 | 12.58 |
|
Metric
|
AGF.B
|
IVZ
|
IGM
|
|---|---|---|---|
Return on Assets (Normalized) | 6.93% | 4.12% | 5.29% |
Return on Equity (Normalized) | 10.01% | 11.11% | 12.78% |
Return on Invested Capital (Normalized) | 8.89% | 5.80% | 7.50% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| BlackRock Inc
BLK
| LOCK|sG#W?>>g | LOCK|!> | $165B | |||
| Blackstone Inc
BX
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| KKR & Co Inc Ordinary Shares
KKR
| LOCK|^^@^q@ | LOCK|><g# | $82B | |||
| Brookfield Asset Management Ltd Ordinary Shares - Class A
BAM
| LOCK|&ns?NyR | LOCK|h?Rj | $71B | |||
| Apollo Global Management Inc
APO
| LOCK|$&%$LK | LOCK|dxq< | $68B | |||
| State Street Corp
STT
| LOCK|tND#&j | LOCK|@! | $48B | |||
| Ameriprise Financial Inc
AMP
| LOCK|F<@ZdV | LOCK|GX$@ | $44B | |||
| Northern Trust Corp
NTRS
| LOCK|$>MXKHHB | LOCK|ZW | $31B | |||
| Raymond James Financial Inc
RJF
| LOCK|#GN><qR | LOCK|<Lk&> | $31B | |||
| Ares Management Corp Ordinary Shares - Class A
ARES
| LOCK|T%X!rL | LOCK|!@m< | $27B |
United States