Affiliated Managers Group, Inc. (MGR)

Investment Advice

Latest Price

$18.61

TTM P/E

0.65

Normalized P/E

0.93

TTM Div Yield

0.21%

Fwd Div Yield

0.21%

Book Value

115.02

P/B Ratio

0.16

Valuation metrics

EPS: $22.74

Book value / share: $119.94

Formula: √(22.5 × EPS × BVPS)

Graham Number

$247.73

+1231% upside

Norm. op. income: $1.2B (median of 7yr)

Tax rate: 20%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$274.49

+1375% upside

Base FCF: $967M (median of recent 5yr)

Growth: 6%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$576.95

+3000% upside

EPS: $22.74

Target P/E: 1×

Formula: EPS × P/E

P/E Fair Value

$22.74

+22% upside