Affiliated Managers Group, Inc. (MGRE)

Investment Advice

Latest Price

$21.26

TTM P/E

0.75

Normalized P/E

1.06

TTM Div Yield

0.19%

Fwd Div Yield

0.19%

Book Value

115.02

P/B Ratio

0.18

Valuation metrics

EPS: $22.74

Book value / share: $119.94

Formula: √(22.5 × EPS × BVPS)

Graham Number

$247.73

+1065% 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

+1191% 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

+2613% upside

EPS: $22.74

Target P/E: 1×

Formula: EPS × P/E

P/E Fair Value

$22.74

+7% upside