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AGF Management Limited (AGF-B.TO)

CAD22.84 +0.42 (+1.87%)
CA TSX Financial Services Asset Management
Address Toronto-Dominion Bank Tower M5K 1E9
Toronto, ON, CA
CEO Judith Gail Goldring
Website agf.com
IPO 1996-05-09
ISIN CA0010921058

Explore sections of this company profile

Also trades on Other OTC · AGFMF (USD) Toronto Stock Exchange · AGF-B.TO (CAD)
Description

AGF Management Limited operates as a publicly traded holding company focused on asset management. Through its network of subsidiaries, the firm delivers specialized services to a wide array of institutional investors. This clientele includes public and corporate defined benefit (DB) pension plans, endowments, foundations, sovereign wealth funds, general corporate plans, and insurance companies, as well as managing mandates on a sub-advisory basis. The company oversees the management of both dedicated mutual funds and segregated portfolios, offering strategies across equity, fixed income, and balanced asset classes, all tailored to meet specific client requirements. Its investment activities span global public equity and fixed income markets. For its equity holdings, the firm primarily targets growth-oriented companies, with all investment decisions underpinned by a thorough fundamental analysis methodology. AGF Management Limited was established in 1957 and is headquartered in Toronto, Canada.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
CAD22.84 +0.42 (+1.87%)
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Volume Profile
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Liquidity & share structure
Average Volume
298.8K
Beta
1.14
Float Shares
58.82M
Free Float %
92.1%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.23% +2.71% +7.53% -15.11% +23.02% +7.00% +48.89% +147.80% +128.91% +235.00% +473.03%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Analyst Consensus (3 ratings, all time) Hold
Price Targets & DCF
Current price
22.84
DCF (Unlevered) 23.74 +4.0%
DCF (Levered) 20.72 -9.3%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 57% Bullish
Rating 2026-05 Change
Strong Buy 2 0
Buy 2 0
Hold 2 -1
Sell 0 0
Strong Sell 1 0
Quality scores
Altman Z-Score
2.60
Grey zone
Piotroski F-Score
6 / 9
Average
MOAT Score
7 / 10
Strong MOAT
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
4 / 5
High
ROE Score
3 / 5
Medium
ROA Score
5 / 5
High
D/E Score
3 / 5
Medium
P/E Score
2 / 5
Medium
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Asset Management: +17.4%
    +9.8% Q2'26: +22.9% (vs Q2'25)
  • EPS growth Asset Management: +22.7%
    +30.8% Q2'26: +97.2% (vs Q2'25)
  • FCF margin FCF growth · Asset Management: +27.7%
    +23.7% Q2'26: +30.8% (vs Q2'25)
  • EBIT margin Asset Management: +50.6%
    +30.4% Q2'26: +37.4% (vs Q2'25)
  • ROIC Asset Management: +6.5%
    +10.3% Q2'26: +13.8% (vs Q2'25)
  • Share dilution Asset Management: +0.0%
    +0.9% Q2'26: -2.6% (vs Q2'25)
  • Debt / EBITDA Net debt/EBITDA · Asset Management: -0.03×
    0.68× Q2'26: 0.74× (vs Q2'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (1.14) × ERP
WACC = 91% × Ke + 9% × Kd (4.8%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 23.74 Current price: 22.84
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Nov 2015
actual
Nov 2016
actual
Nov 2017
actual
Nov 2018
actual
Nov 2019
actual
Nov 2020
actual
Nov 2021
actual
Nov 2022
actual
Nov 2023
actual
Nov 2024
actual
Nov 2025
actual
Nov 2026
6 Rev. Ana.
7 EPS Ana.
Nov 2027
6 Rev. Ana.
7 EPS Ana.
Nov 2028
2 Rev. Ana.
3 EPS Ana.
Revenue
422.86M
est: 449.60M (-5.9%)
406.09M
est: 436.72M (-7.0%)
416.79M
est: 445.20M (-6.4%)
418.36M
est: 453.48M (-7.7%)
393.27M
est: 427.29M (-8.0%)
389.06M
est: 422.50M (-7.9%)
448.84M
est: 456.88M (-1.8%)
448.42M
est: 465.38M (-3.6%)
471.82M
est: 476.14M (-0.9%)
508.39M
est: 542.93M (-6.4%)
558.06M
est: 618.68M (-9.8%)
635.48M
612.53M – 679.29M
+2.7% YoY
684.47M
627.94M – 779.02M
+7.7% YoY
658.31M
618.63M – 727.39M
-3.8% YoY
EBITDA
127.16M
est: 131.37M (-3.2%)
109.55M
est: 127.60M (-14.1%)
116.39M
est: 130.08M (-10.5%)
106.44M
est: 132.50M (-19.7%)
68.23M
est: 124.85M (-45.3%)
209.01M
est: 123.45M (+69.3%)
65.08M
est: 133.49M (-51.2%)
101.60M
est: 135.98M (-25.3%)
129.01M
est: 139.12M (-7.3%)
141.68M
est: 135.15M (+4.8%)
179.12M
est: 154.01M (+16.3%)
158.19M
152.48M – 169.10M
+2.7% YoY
170.39M
156.32M – 193.93M
+7.7% YoY
163.88M
154.00M – 181.07M
-3.8% YoY
EBIT
74.28M
est: 121.63M (-38.9%)
61.26M
est: 118.14M (-48.1%)
68.92M
est: 120.44M (-42.8%)
66.83M
est: 122.68M (-45.5%)
63.99M
est: 115.59M (-44.6%)
200.80M
est: 114.30M (+75.7%)
54.59M
est: 123.60M (-55.8%)
89.95M
est: 125.90M (-28.6%)
119.89M
est: 128.81M (-6.9%)
132.28M
est: 123.82M (+6.8%)
169.52M
est: 141.10M (+20.1%)
144.93M
139.69M – 154.92M
+2.7% YoY
156.10M
143.21M – 177.66M
+7.7% YoY
150.13M
141.08M – 165.89M
-3.8% YoY
Net Income
48.03M
est: 40.26M (+19.3%)
42.41M
est: 33.39M (+27.0%)
51.86M
est: 38.48M (+34.8%)
74.28M
est: 49.02M (+51.5%)
47.86M
est: 38.28M (+25.0%)
173.91M
est: 32.15M (+440.9%)
39.30M
est: 35.76M (+9.9%)
66.65M
est: 61.00M (+9.3%)
87.70M
est: 91.44M (-4.1%)
97.57M
est: 110.19M (-11.5%)
128.58M
est: 122.16M (+5.3%)
146.23M
134.91M – 160.58M
+19.7% YoY
160.62M
127.43M – 180.94M
+9.8% YoY
170.75M
157.37M – 194.04M
+6.3% YoY
SGA
156.10M
est: 121.17M (+28.8%)
161.06M
est: 117.70M (+36.8%)
174.90M
est: 119.99M (+45.8%)
171.65M
est: 122.22M (+40.4%)
40.06M
est: 115.16M (-65.2%)
30.37M
est: 113.87M (-73.3%)
34.59M
est: 123.14M (-71.9%)
63.87M
est: 125.43M (-49.1%)
342.54M
est: 128.33M (+166.9%)
164.74M
est: 169.19M (-2.6%)
161.03M
est: 192.79M (-16.5%)
198.03M
190.87M – 211.68M
+2.7% YoY
213.29M
195.68M – 242.76M
+7.7% YoY
205.14M
192.78M – 226.67M
-3.8% YoY
EPS
0.59
est: 0.60 (-1.9%)
0.53
est: 0.50 (+6.2%)
0.66
est: 0.58 (+14.8%)
0.94
est: 0.73 (+28.3%)
0.61
est: 0.57 (+6.6%)
2.25
est: 0.48 (+368.4%)
0.56
est: 0.53 (+4.8%)
0.97
est: 0.91 (+6.4%)
1.35
est: 1.37 (-1.2%)
1.51
est: 1.63 (-7.5%)
1.99
est: 1.81 (+9.9%)
2.17
2.00 – 2.38
+19.7% YoY
2.38
1.89 – 2.68
+9.8% YoY
2.53
2.33 – 2.88
+6.3% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-28 A- 4/5 4/5 3/5 5/5 3/5 2/5 3/5
2026-05-27 A- 4/5 4/5 3/5 5/5 3/5 2/5 3/5
2026-05-26 A- 4/5 4/5 3/5 5/5 3/5 2/5 3/5
2026-05-25 A- 4/5 4/5 3/5 5/5 3/5 2/5 3/5
2026-05-22 A- 4/5 4/5 3/5 5/5 3/5 2/5 3/5
2026-05-21 A- 4/5 4/5 3/5 5/5 3/5 2/5 3/5
2026-05-20 A- 4/5 4/5 3/5 5/5 3/5 2/5 3/5
2026-05-19 A- 4/5 4/5 3/5 5/5 3/5 2/5 3/5
2026-05-15 A- 4/5 4/5 3/5 5/5 3/5 2/5 3/5
2026-05-14 A- 4/5 4/5 3/5 5/5 3/5 2/5 3/5
2026-05-13 A- 4/5 4/5 3/5 5/5 3/5 2/5 3/5
2026-05-12 A- 4/5 4/5 3/5 5/5 3/5 2/5 3/5
2026-05-11 A- 4/5 4/5 3/5 5/5 3/5 2/5 3/5
2026-05-08 A- 4/5 4/5 3/5 5/5 3/5 3/5 3/5
2026-05-07 A- 4/5 4/5 3/5 5/5 3/5 3/5 3/5
2026-05-06 A- 4/5 4/5 3/5 5/5 3/5 3/5 3/5
2026-05-05 A- 4/5 4/5 3/5 5/5 3/5 3/5 3/5
2026-05-04 A- 4/5 4/5 3/5 5/5 3/5 3/5 3/5
2026-05-01 A- 4/5 4/5 3/5 5/5 3/5 3/5 3/5
2026-04-30 A- 4/5 4/5 3/5 5/5 3/5 3/5 3/5
2026-04-29 A- 4/5 4/5 3/5 5/5 3/5 3/5 3/5
2026-04-28 A- 4/5 4/5 3/5 5/5 3/5 3/5 3/5
2026-04-27 A- 4/5 4/5 3/5 5/5 3/5 3/5 3/5
2026-04-24 A- 4/5 4/5 3/5 5/5 2/5 3/5 3/5
2026-04-23 A- 4/5 4/5 3/5 5/5 2/5 3/5 3/5
2026-04-22 A- 4/5 4/5 3/5 5/5 2/5 3/5 3/5
2026-04-21 A- 4/5 4/5 3/5 5/5 2/5 3/5 3/5
2026-04-20 A- 4/5 4/5 3/5 5/5 2/5 3/5 3/5
2026-04-17 A- 4/5 4/5 4/5 5/5 2/5 3/5 3/5
2026-04-16 A- 4/5 4/5 4/5 5/5 2/5 3/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
109.72M
OE per share TTM
1.62
Owner's Yield
9.79%
Maintenance CapEx ratio
6.98%
Maint CapEx / Avg PPE
18.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 19 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 iShares S&P/TSX SmallCap Index ETF XCS.TO 0.36% 613.3K 0.60%
2 Fidelity All-Canadian Equity ETF FCCA.NE 0.33% 476.8K 0.39%
3 Fidelity Canadian Value ETF FCCV.TO 0.31% 2.61M 0.39%
4 Fidelity Canadian High Quality ETF FCCQ.TO 0.16% 1.13M 0.39%
5 iShares International Small-Cap Equity Factor ETF ISCF 0.12% 763.2K 0.24%
6 Dimensional - International Small Cap Value ETF DISV 0.09% 4.22M 0.42%
7 Fidelity All-in-One Growth ETF FGRO.NE 0.07% 2.33M 0.42%
8 Fidelity All-in-One Balanced ETF FBAL.NE 0.05% 3.16M 0.41%
9 Fidelity All-in-One Conservative ETF FCNS.NE 0.03% 496.6K 0.40%
10 Avantis International Small Cap Equity ETF AVDS 0.03% 80.2K 0.30%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
267.4K
Shares Outstanding
63.87M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Blake Charles Goldring Executive Chairman 3M male
Ashley Lawrence Head of AGF Capital Partners 2M male
Judith Gail Goldring CEO & Director 2M female
Charles Christopher Jackson President & Chief Operating Officer 979.8K male
Ken Tsang Chief Financial Officer 868.2K male
Jenny Quinn Vice President & Chief Accounting Officer 477.6K female
Stephen William Way Senior Vice President of AGF Investments Inc. & Portfolio Manager of AGF Investments Inc. male
David G. Stonehouse Interim Chief Investment Officer male
John Robert Porter Chief Investment Officer male
Mark William Adams Chief Legal Officer & Corporate Secretary male
Meaghan Kelly Chief Marketing & Product Officer
Amanda Marchment Director of Corporation Communications
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits