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Home CompaniesAGF Management Limited

AGF Management Limited

Financial Services Asset Management
PortfolioPortfolio WatchlistWatchlist
Company price
15.47 CAD 0.85 ( 5.81%)
Last update at 2026-11-04T20:40:00Z
VOLUME
634465
Market Cap
519.94M
P/E
5.86

Momentum Score

…

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].

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
14.71
Low
15.52
High
52 Week Price Range
6.21
Low
8.96
High

Momentum Score

…
Loading momentum score…

A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

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.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
14.62
Dividend Yield
5.50%
Revenue TTM
475.54M
Revenue Per Share
7.23
Gross Profit TTM
431.64M
Debt / Equity
0.10
ROE
8.74%
Net Debt
44.24M
ROCE
5.53%
Diluted EPS TTM
1.37

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

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

Peer Comparison*

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

Profile*

AGF Management Limited

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].

Toronto-Dominion Bank Tower, Toronto, ON, Canada, M5K 1E9

416-367-1900

https://www.agf.com

634

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

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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