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AGF Management Limited is one of Canada's premier investment management companies with offices across Canada and subsidiaries around the world. 2007 marks AGF's 50th anniversary ofproviding Canadians with innovative investment solutions across the wealth continuum. AGF's products and services include a diversified family of more than 50 mutual funds, the evolutionary AGF Elements portfolios, the Harmony asset management program, AGF Private Investment Management, Institutional Account Services and AGF Trust GICs, loans and mortgages. With approximately $53 billion in total assets under management, AGF serves more than one million investors. AGF trades on the Toronto Stock Exchange under the symbol [AGF.B].
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
AGF Management Limited is a Canadian investment manager providing mutual funds, ETFs, institutional asset management and private client services that generates recurring management and performance fees. Long-term growth drivers include organic AUM growth from market appreciation, expansion of distribution channels and continued product innovation in passive and alternative strategies. Investors may find the company attractive because it appears positioned to earn fee-based revenue across diversified client segments and could benefit from rising markets and increased demand for diversified solutions.
The principal investment risks are material sensitivity of revenues to market and AUM fluctuations, ongoing fee compression and competitive pressure from larger passive and global managers, and execution risk in scaling distribution and products.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2022-11-30 | 2021-11-30 | 2020-11-30 | 2019-11-30 | 2018-11-30 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-11-30 | 2021-11-30 | 2020-11-30 | 2019-11-30 | 2018-11-30 |
| Income before tax | 87.26M | 51.80M | 194.43M | 57.22M | 62.50M |
| Minority interest | - | - | - | 0.00M | 0.93M |
| Net income | 66.65M | 39.30M | 173.91M | 47.86M | 74.28M |
| Selling general administrative | 55.10M | 57.28M | 52.44M | 178.90M | 320.48M |
| Selling and marketing expenses | 9.08M | 7.36M | 7.78M | 12.72M | 18.06M |
| Gross profit | 138.76M | 106.61M | 104.96M | 230.80M | 291.37M |
| Reconciled depreciation | 11.65M | 10.49M | 8.22M | 4.24M | 39.60M |
| Ebit | 71.56M | 38.63M | 41.04M | 61.92M | 68.12M |
| Ebitda | 83.21M | 49.12M | 49.26M | 66.16M | 107.73M |
| Depreciation and amortization | 11.65M | 10.49M | 8.22M | 4.24M | 39.60M |
| Operating income | 71.56M | 38.63M | 41.04M | 61.92M | 40.21M |
| Other operating expenses | 382.50M | 415.49M | 344.13M | 358.33M | 505.13M |
| Interest expense | 2.69M | 2.80M | 6.37M | 6.78M | 4.33M |
| Tax provision | 20.61M | 12.50M | 20.52M | 9.36M | -10.49M |
| Interest income | 0.70M | 0.54M | 0.94M | 1.21M | 2.01M |
| Net interest income | -1.99M | -2.26M | -5.43M | -5.57M | -2.32M |
| Income tax expense | 20.61M | 12.50M | 20.52M | 9.36M | -10.49M |
| Total revenue | 445.44M | 446.96M | 380.65M | 393.27M | 418.36M |
| Total operating expenses | 75.82M | 75.14M | 68.44M | 195.86M | 378.14M |
| Cost of revenue | 306.68M | 340.35M | 275.69M | 162.47M | 126.99M |
| Total other income expense net | 15.70M | 13.16M | 153.39M | -4.70M | 24.61M |
| Discontinued operations | - | - | - | - | 0.36M |
| Net income from continuing ops | 66.65M | 39.30M | 173.91M | 47.86M | 72.99M |
| Net income applicable to common shares | 66.65M | 39.30M | 173.91M | 47.86M | 74.28M |
| Breakdown | 2022-11-30 | 2021-11-30 | 2020-11-30 | 2019-11-30 | 2018-11-30 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-11-30 | 2021-11-30 | 2020-11-30 | 2019-11-30 | 2018-11-30 |
| Total assets | 1368.99M | 1359.37M | 1347.54M | 1380.30M | 1417.68M |
| Intangible assets | 690.23M | 690.32M | 690.43M | 690.72M | 787.38M |
| Other current assets | - | - | - | 151.60M | - |
| Total liab | 338.44M | 328.24M | 331.36M | 455.52M | 445.26M |
| Total stockholder equity | 1030.55M | 1031.12M | 1016.18M | 924.78M | 972.42M |
| Deferred long term liab | - | - | - | - | 96.08M |
| Other current liab | 56.49M | 62.54M | 64.56M | 59.55M | 35.82M |
| Common stock | 391.72M | 426.19M | 425.46M | 474.18M | 474.32M |
| Capital stock | 391.72M | 426.19M | 425.46M | 474.18M | 474.32M |
| Retained earnings | 593.95M | 561.79M | 547.61M | 398.56M | 447.06M |
| Other liab | 160.86M | 160.72M | 159.73M | 160.78M | 182.39M |
| Good will | 250.83M | 250.83M | 250.83M | 250.83M | 250.83M |
| Other assets | 3.93M | 7.42M | 12.78M | 20.56M | 112.84M |
| Cash | 58.62M | 86.48M | 94.01M | 51.66M | 46.79M |
| Total current liabilities | 75.72M | 86.82M | 90.55M | 87.46M | 74.27M |
| Net debt | 44.24M | -1.85M | -8.35M | 155.62M | 141.81M |
| Short term debt | 0.99M | 3.92M | 4.58M | - | - |
| Short long term debt total | 102.86M | 84.63M | 85.66M | 207.28M | 188.60M |
| Other stockholder equity | 41.88M | 40.18M | 40.47M | 40.78M | 41.28M |
| Property plant equipment | 97.48M | 92.99M | 87.38M | 7.22M | 9.34M |
| Total current assets | 122.47M | 153.02M | 150.29M | 123.19M | 129.03M |
| Long term investments | 200.72M | 161.50M | 153.73M | 139.29M | 222.67M |
| Net tangible assets | 87.56M | 87.90M | 72.83M | -18.44M | 28.62M |
| Short term investments | 20.68M | 23.07M | 18.17M | 21.25M | 28.91M |
| Net receivables | 43.17M | 43.46M | 38.11M | 45.50M | 53.33M |
| Long term debt | 21.59M | - | - | 207.28M | 188.60M |
| Accounts payable | 18.24M | 20.36M | 21.40M | 27.91M | 27.52M |
| Accumulated other comprehensive income | 3.00M | 2.95M | 2.64M | 11.26M | 9.77M |
| Non currrent assets other | 1.44M | 2.54M | 6.19M | 162.25M | 15.11M |
| Non current assets total | 1246.52M | 1206.35M | 1197.25M | 1257.11M | 1288.65M |
| Capital lease obligations | 81.27M | 84.63M | 85.66M | - | - |
| Breakdown | 2022-11-30 | 2021-11-30 | 2020-11-30 | 2019-11-30 | 2018-11-30 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-11-30 | 2021-11-30 | 2020-11-30 | 2019-11-30 | 2018-11-30 |
| Investments | -40.33M | -11.33M | -6.62M | -24.23M | -39.91M |
| Change to liabilities | -13.17M | 5.03M | -16.09M | 3.58M | 4.77M |
| Total cashflows from investing activities | -40.33M | -24.60M | 240.43M | -46.38M | -46.72M |
| Net borrowings | 17.24M | -4.50M | -213.23M | 18.50M | 50.00M |
| Total cash from financing activities | -52.13M | -30.73M | -290.54M | -16.22M | 10.00M |
| Change to operating activities | -0.42M | 4.30M | -4.19M | -0.90M | -5.19M |
| Net income | 66.65M | 39.30M | 173.91M | 47.86M | 74.28M |
| Change in cash | -27.86M | -7.53M | 42.35M | 4.87M | 20.95M |
| Begin period cash flow | 86.48M | 94.01M | 51.66M | 46.79M | 25.84M |
| End period cash flow | 58.62M | 86.48M | 94.01M | 51.66M | 46.79M |
| Total cash from operating activities | 64.60M | 47.80M | 92.46M | 67.47M | 57.66M |
| Issuance of capital stock | 3.36M | 5.25M | 0.36M | 0.76M | 1.95M |
| Depreciation | 11.65M | 10.49M | 8.22M | 4.24M | 39.60M |
| Other cashflows from investing activities | - | - | - | -20.61M | -20.61M |
| Dividends paid | 26.21M | 23.51M | 24.61M | 24.87M | 25.08M |
| Change to account receivables | -2.82M | -0.07M | 4.19M | 7.15M | -5.62M |
| Sale purchase of stock | -45.99M | -7.50M | -48.24M | -3.51M | -10.69M |
| Other cashflows from financing activities | 21.48M | -0.95M | -426.64M | 11.40M | 43.83M |
| Change to netincome | 2.71M | -11.24M | -73.57M | 5.55M | -49.90M |
| Capital expenditures | 16.34M | 13.27M | 3.30M | 1.54M | 3.49M |
| Change in working capital | -16.41M | 9.26M | -16.10M | 9.82M | -6.04M |
| Stock based compensation | 7.70M | 9.64M | 5.82M | 6.04M | 4.84M |
| Other non cash items | -25.61M | 1.35M | -102.36M | -7.61M | -52.23M |
| Free cash flow | 48.26M | 34.53M | 89.15M | 65.94M | 54.18M |
Sector: Financial Services Industry: Asset Management
|
Stock Name
|
Change
(CAD) |
Price
(CAD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| AGF-B AGF Management Limited |
0.85 5.81% |
15.47 | 5.86 | 6.61 | 1.09 | 0.48 | 1.25 | 4.17 |
| BLK BlackRock CDR (CAD Hedged) |
1.70 5.77% |
31.14 | 25.23 | 18.90 | 6.38 | 2.79 | 6.35 | 17.13 |
| BN Brookfield Corporation |
3.35 5.89% |
60.20 | 94.76 | 11.96 | 1.84 | 2.36 | 4.58 | 10.80 |
| BAM Brookfield Asset Management Ltd |
4.01 5.62% |
75.33 | 31.22 | 25.51 | 22.40 | 9.70 | 17.61 | 25.08 |
| PHYS Sprott Physical Gold Trust |
1.14 2.74% |
42.73 | 3.81 | - | 3.47 | 1.06 | 4.09 | 0.66 |
AGF Management Limited is one of Canada's premier investment management companies with offices across Canada and subsidiaries around the world. 2007 marks AGF's 50th anniversary ofproviding Canadians with innovative investment solutions across the wealth continuum. AGF's products and services include a diversified family of more than 50 mutual funds, the evolutionary AGF Elements portfolios, the Harmony asset management program, AGF Private Investment Management, Institutional Account Services and AGF Trust GICs, loans and mortgages. With approximately $53 billion in total assets under management, AGF serves more than one million investors. AGF trades on the Toronto Stock Exchange under the symbol [AGF.B].
| Name | Title | Year Born |
|---|---|---|
| Mr. Blake Charles Goldring CFA, CM, LL.D., M.S.M. | Exec. Chairman | 1958 |
| Mr. Kevin Andrew McCreadie C.F.A., CFA, MBA | CEO, Chief Investment Officer & Director | 1961 |
| Ms. Judith Gail Goldring L.L.B., LLD | Pres, Head of Global Distribution & Director | 1966 |
| Mr. Charles Christopher Jackson | Chief Operating Officer | NA |
| Ms. Jenny Quinn | VP, Chief Accounting Officer & Interim CFO | NA |
| Mr. Mark William Adams L.L.B., LLB | Chief Legal Officer & Corp. Sec. | NA |
| Amanda Marchment | Director of Corp. Communications | NA |
| Ms. Karrie Van Belle | Chief Marketing & Innovation Officer | NA |
| Mr. Stephen William Way C.F.A., CFA | Sr. VP of AGF Investments Inc. & Portfolio Mang. of AGF Investments Inc. | NA |
| Mr. Anthony Genua C.F.A., CFA | Sr. VP & Portfolio Mang. | NA |
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