AGF Management Ltd Shs -B- Non-Voting
AGF.B: XTSE (CAN)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
CAD 3.60 | Lpbj | Vkjcwzly |
Market Losses and Fee Compression Weigh on AGF Management's Q1 Results; No Change to FVE
There was little in no-moat AGF Management's fiscal first-quarter results that would alter our long-term view of the firm. We maintain our CAD 8.50 per share fair value estimate. Despite a more than 10% drop in the company's stock price today, we view the shares as being only slightly undervalued.