AGF Management Limited (T:AGF.B)
Business Focus: Wealth Management
| Sector: Financials | Industry: Investment Management & Fund Operators |
| Company Contact | |
| Address: | Cibc Square Tower One, 81 Bay Street, Suite 3900 TORONTO ON M5J 0E7 |
| Tel: | 1-416-8654338 |
| Website: | https://www.agf.com |
| IR: | See website |
| Key People | ||
| Blake C. Goldring Executive Chairman of the Board | Judy G. Goldring President, Director, Head of Global Distribution | Kevin A. Mccreadie Chief Executive Officer, Chief Investment Officer, Director |
| Ken Tsang Chief Financial Officer | Chris Jackson Chief Operating Officer | Jenny Quinn Chief Accounting Officer | Ash Lawrence Head of Private Capital |
| Business Overview |
| AGF Management Limited is a Canada-based diversified asset management company. The Company provides investment solutions to a range of clients, from individual investors and financial advisors to institutions, including pension plans, corporate plans, sovereign wealth funds, endowments, and foundations. The Company's subsidiaries provide investment management for mutual funds, factor-based exchange-traded funds (ETF), institutions and corporations, private wealth clients, and access to private markets through its three business lines: AGF Investments, AGF Private Wealth, and AGF Private Capital (Private Capital). Its wholly owned subsidiary, AGF CustomerFirst Inc. (AGFC), provides fund administration services to the AGF mutual funds. The Company also has an ownership interest in AGFWave Asset Management Inc. (AGFWave), which provides asset management services and products in China and South Korea. |
| Financial Overview |
| For the three months ended 29 February 2024, AGF Management Limited revenues increased 2% to C$111.4M. Net income increased 74% to C$30.5M. Revenues reflect Management and advisory fees. increase of 2% to C$108.6M, Deferred Sales Charges increase of 12% to C$2M, Income from fee-earning arrangements increase of 8% to C$774K. Net income benefited from Other increase of 24% to C$605K (income). |
| Employees: | 634 as of Nov 30, 2022 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $543.04M as of Feb 29, 2024 |
| Annual revenue (TTM): | $443.59M as of Feb 29, 2024 |
| EBITDA (TTM): | $99.58M as of Feb 29, 2024 |
| Net annual income (TTM): | $100.68M as of Feb 29, 2024 |
| Free cash flow (TTM): | $47.65M as of Feb 29, 2024 |
| Net Debt Last Fiscal Year: | $76.80M as of Feb 29, 2024 |
| Shares outstanding: | 64,857,325 as of Apr 11, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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