Last C$12.44 CAD
Change Today -0.14 / -1.11%
Volume 186.4K
As of 4:00 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

agf management ltd-class b (AGF/B) Snapshot

Open
C$12.60
Previous Close
C$12.58
Day High
C$12.62
Day Low
C$12.35
52 Week High
11/18/13 - C$14.78
52 Week Low
06/24/13 - C$10.34
Market Cap
1.1B
Average Volume 10 Days
295.2K
EPS TTM
C$0.29
Shares Outstanding
85.8M
EX-Date
04/7/14
P/E TM
42.9x
Dividend
C$1.08
Dividend Yield
8.68%
Current Stock Chart for AGF MANAGEMENT LTD-CLASS B (AGF/B)

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agf management ltd-class b (AGF/B) Details

AGF Management Limited is a publicly owned investment manager. The firm primarily provides its services to institutional and private clients. It manages separate client-focused equity, fixed income, and balanced portfolios. The firm also launches and manages equity, fixed income, and balanced mutual funds and hedge funds for its clients. It invests in the public equity and fixed income markets across the globe. The firm primarily invests in growth and value stocks across all capitalizations. For fixed income, it invests in government and agency bonds of Canada. AGF Management Limited was founded in 1957 and is based in Toronto, Canada. AGF Management Limited operates as a subsidiary of InstarAGF Asset Management Inc.

509 Employees
Last Reported Date: 01/30/14
Founded in 1957

agf management ltd-class b (AGF/B) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: C$550.0K
Chief Financial Officer and Executive Vice-Pr...
Total Annual Compensation: C$350.0K
Chief Operating Officer, Executive Vice Presi...
Total Annual Compensation: C$350.0K
Vice-Chairman and Portfolio Manager
Total Annual Compensation: C$360.0K
Compensation as of Fiscal Year 2013.

agf management ltd-class b (AGF/B) Key Developments

AGF Management Limited Announces Unaudited Consolidated Earnings Results for the First Quarter Ended February 28, 2014

AGF Management Limited announced unaudited consolidated earnings results for the first quarter ended February 28, 2014. For the quarter, the company reported diluted earnings per share from continuing operations of CAD 0.20 compared to CAD 0.17 for the three months ended February 28, 2013. Diluted EPS, including discontinued operations, was CAD 0.23 against CAD 0.17 a year ago. Total assets under management were CAD 36.1 billion as at February 28, 2014, compared to CAD 39.3 billion as at February 28, 2013. Revenue from continuing operations was CAD 116.9 million, compared to CAD 122.5 million for the three months ended February 28, 2013. Earnings before interest, taxes, depreciation and amortization from continuing operations were CAD 43.9 million, compared to CAD 45.3 million in the first quarter of 2013. EBITDA compared to prior year of first quarter, decreased 3% from CAD 45 million, driven primarily by lower AUM and its impact on revenue. Net income from continuing operations net of taxes was CAD 17.1 million compared to CAD 15.6 million for the three months ended February 28, 2013. Diluted EBITDA per share from continuing operations was CAD 0.51, compared to CAD 0.51 for the three months ended February 28, 2013. The company invested CAD 20.0 million in a midstream energy platform. Income from continuing operations before taxes was CAD 23.2 million against CAD 21.8 million a year ago. Return on equity was 7.1% against 5.9% a year ago. Income from continuing operations before taxes was CAD 23.2 million against CAD 21.8 million a year ago. Net income attributable to equity owners of the company was CAD 19.9 million against CAD 15.6 million a year ago. Net cash used in operating activities was CAD 48.2 million against net cash provided by operating activities of CAD 0.7 million a year ago. Purchase of property, equipment and computer software, net of disposals was CAD 100 million against CAD 566 million a year ago. The company got CAD 286 million in cash and investments on the balance sheet with net debt of CAD 22 million. Free cash flow generated from continuing operating activities was CAD 18.9 million compared to CAD 24.4 million in the prior year. Total revenue was CAD 116,851 million against CAD 122,524 million a year ago.

AGF Management Limited Declares Dividend, Payable on April 18, 2014

On March 25, 2014, the Board of Directors of AGF Management Limited declared a dividend of $0.27 per share on both the Class B Non-Voting shares and the Class A Voting common shares of the company. This dividend will be payable on April 18, 2014 to shareholders of record on April 9, 2014.

AGF Management Mulls Acquisitions

AGF Management Limited (TSX:AGF.B) is looking to make acquisitions. The company stated, “We actively manage our capital to maintain a strong and efficient capital base to maximize risk-adjusted returns to shareholders, to invest in future growth opportunities, including acquisitions, and to ensure that the regulatory capital requirements are met for each of our subsidiary companies.”

 

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AGF/B

Industry Average

Valuation AGF/B Industry Range
Price/Earnings 46.0x
Price/Sales 2.3x
Price/Book 1.1x
Price/Cash Flow 21.4x
TEV/Sales 1.0x
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