AGF Management Ltd
TSX:AGF.B

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AGF Management Ltd
TSX:AGF.B
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Price: 12.69 CAD 1.52% Market Closed
Market Cap: 829.4m CAD

Relative Value

The Relative Value of one AGF.B stock under the Base Case scenario is 20.16 CAD. Compared to the current market price of 12.69 CAD, AGF Management Ltd is Undervalued by 37%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

AGF.B Relative Value
Base Case
20.16 CAD
Undervaluation 37%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
1
vs Industry
70
Median 3Y
1.2
Median 5Y
1.2
Industry
3.3
Forward
1.4
vs History
19
vs Industry
55
Median 3Y
6.7
Median 5Y
6.2
Industry
15.8
Forward
7.2
vs History
33
vs Industry
36
Median 3Y
6.3
Median 5Y
6.4
Industry
10.4
vs History
26
vs Industry
36
Median 3Y
6.5
Median 5Y
5.7
Industry
13.1
vs History
1
vs Industry
71
Median 3Y
0.5
Median 5Y
0.5
Industry
1.3
vs History
1
vs Industry
70
Median 3Y
1.3
Median 5Y
1.3
Industry
4.9
Forward
1.6
vs History
1
vs Industry
70
Median 3Y
1.9
Median 5Y
2
Industry
7.2
vs History
30
vs Industry
52
Median 3Y
6.3
Median 5Y
6.8
Industry
14.2
Forward
5.4
vs History
33
vs Industry
47
Median 3Y
7.3
Median 5Y
7.5
Industry
14.6
Forward
6.3
vs History
31
vs Industry
40
Median 3Y
6.8
Median 5Y
7.2
Industry
12.4
vs History
41
vs Industry
38
Median 3Y
7.6
Median 5Y
7.7
Industry
13.4
vs History
1
vs Industry
66
Median 3Y
0.4
Median 5Y
0.4
Industry
1

Multiples Across Competitors

AGF.B Competitors Multiples
AGF Management Ltd Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
CA
AGF Management Ltd
TSX:AGF.B
826.1m CAD 1.6 7.9 7.8 8.5
US
Blackstone Inc
NYSE:BX
208.6B USD 16.3 82 34 34.2
US
BlackRock Inc
NYSE:BLK
173.7B USD 8.1 27.1 21.4 23.1
US
KKR & Co Inc
NYSE:KKR
131.7B USD 8 60 -953.2 -953.2
CA
Brookfield Corp
NYSE:BN
111.7B USD 1.4 250.4 11.5 17.1
CA
Brookfield Asset Management Inc
NYSE:BAM
100.7B USD 70.9 106.4 139.6 140.2
CA
BROOKFIELD ASSET MANAGEMENT LTD
TSX:BAM
136.8B CAD 70.9 106.3 139.5 140.1
ZA
Ninety One Ltd
JSE:NY1
82.8B Zac 0 0 0 0
LU
Reinet Investments SCA
JSE:RNI
72.7B Zac 0 0 0 0
US
Bank of New York Mellon Corp
NYSE:BK
70.3B USD 3.6 14.7 68.4 0
UK
3i Group PLC
LSE:III
42.3B GBP 8.2 8.4 8.6 8.6
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CA
AGF Management Ltd
TSX:AGF.B
Average EV/EBITDA: 53.9
7.8
20%
0.4
US
Blackstone Inc
NYSE:BX
34
20%
1.7
US
BlackRock Inc
NYSE:BLK
21.4
3%
7.1
US
KKR & Co Inc
NYSE:KKR
Negative Multiple: -953.2
124%
N/A
CA
Brookfield Corp
NYSE:BN
11.5
N/A N/A
CA
Brookfield Asset Management Inc
NYSE:BAM
139.6
236%
0.6
CA
B
BROOKFIELD ASSET MANAGEMENT LTD
TSX:BAM
139.5
236%
0.6
ZA
N
Ninety One Ltd
JSE:NY1
Not Available N/A N/A
LU
R
Reinet Investments SCA
JSE:RNI
Not Available N/A N/A
US
Bank of New York Mellon Corp
NYSE:BK
68.4
N/A N/A
UK
3i Group PLC
LSE:III
8.6
20%
0.4
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CA
AGF Management Ltd
TSX:AGF.B
Average EV/EBIT: 53.1
8.5
16%
0.5
US
Blackstone Inc
NYSE:BX
34.2
21%
1.6
US
BlackRock Inc
NYSE:BLK
23.1
4%
5.8
US
KKR & Co Inc
NYSE:KKR
Negative Multiple: -953.2
108%
N/A
CA
Brookfield Corp
NYSE:BN
17.1
-27%
N/A
CA
Brookfield Asset Management Inc
NYSE:BAM
140.2
235%
0.6
CA
B
BROOKFIELD ASSET MANAGEMENT LTD
TSX:BAM
140.1
235%
0.6
ZA
N
Ninety One Ltd
JSE:NY1
Not Available N/A N/A
LU
R
Reinet Investments SCA
JSE:RNI
Not Available N/A N/A
US
Bank of New York Mellon Corp
NYSE:BK
Not Available N/A N/A
UK
3i Group PLC
LSE:III
8.6
20%
0.4