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AGF Management Limited (T:AGF.B)

Business Focus: Wealth Management

Sector:  Financials Industry:  Investment Management & Fund Operators
See Regulatory Filings on SEDAR
Company Contact
Address: Toronto-Dominion Bank Tower
66 Wellington Street West
Tel: 1-416-8654203
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
Adrian Basaraba
Chief Financial Officer, Senior Vice President
Chris Jackson
Chief Operating Officer
Business Overview
AGF Management Limited is a diversified global asset management company with retail, institutional, alternative and high-net-worth businesses. 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 and endowments and foundations. Its principal subsidiaries provide investment management for mutual funds, factor-based exchange-traded funds (ETF), institutions and corporations, as well as high-net-worth clients. It conducts the management and distribution of mutual funds and ETFs in Canada under the brand names AGF, Elements, and AGFiQ, which are known by AGF Investments. Its wholly owned subsidiary AGF CustomerFirst Inc. (AGFC) provides fund administration services to the AGF mutual funds. It 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 six months ended 31 May 2022, AGF Management Limited revenues increased 8% to C$228.7M. Net income increased from C$10.6M to C$23M. Revenues reflect Management and advisory fees. increase of 7% to C$223.6M, Other income from fee-earning arrangemen increase from C$438K to C$1.5M, Deferred Sales Charges increase of 12% to C$3.6M.
Employees: 631 as of Nov 30, 2021
Reporting Currency: Canadian Dollars
Enterprise value: $393.36M as of May 31, 2022
Annual revenue (TTM): $457.15M as of May 31, 2022
EBITDA (TTM): $53.73M as of May 31, 2022
Net annual income (TTM): $51.62M as of May 31, 2022
Free cash flow (TTM): $34.11M as of May 31, 2022
Net Debt Last Fiscal Year: $18.28M as of May 31, 2022
Shares outstanding: 68,337,685 as of May 31, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization