AAMI - Acadian Asset Management
Price:
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--
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CONSENSUS:
Hold
DETAILS
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PRICE TARGET:
$62.00
DETAILS
HIGH:
$66.00
LOW:
$60.00
MEDIAN:
$60.00
CONSENSUS:
$62.00
DOWNSIDE:
13.38%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||
| Revenue | 594.3 | 505.6 | 426.6 | 417.2 | 523.8 | 499.5 | 594.6 | 928.2 | 887.4 | 663.5 | 699.3 | 1,056.3 | 928.6 | 703.5 | 724.2 |
| Cost of Revenue | 42.3 | 266.4 | 220.7 | 159.6 | 284.6 | 243.3 | 248.9 | 697.3 | 685.2 | 397.6 | 412.8 | 687.1 | 590.7 | 431.8 | 424 |
| Gross Profit | 552 | 239.2 | 205.9 | 257.6 | 239.2 | 256.2 | 345.7 | 230.9 | 202.2 | 265.9 | 286.5 | 369.2 | 337.9 | 271.7 | 300.2 |
| Operating Expenses | |||||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 92 | 85.2 | 82.6 | 71.1 | 71.2 | 88 | 107.1 | 126 | 112.9 | 98.3 | 88.2 | 83.9 | 68.7 | 68.6 | 76.8 |
| Other Expenses | 297.3 | 18.5 | 17.3 | 18.6 | 22.2 | 36.5 | 16.4 | 21.1 | 18.3 | 12 | 7.1 | 352.5 | 368.7 | 265.6 | 302.3 |
| Operating Expenses | 389.3 | 103.7 | 99.9 | 89.7 | 93.4 | 124.5 | 123.5 | 147.1 | 131.2 | 110.3 | 95.3 | 436.4 | 437.4 | 334.2 | 379.1 |
| Operating Income | |||||||||||||||
| Operating Income | 162.7 | 135.5 | 106 | 167.9 | 145.8 | 131.7 | 222.2 | 83.8 | 71 | 155.6 | 191.2 | (67.2) | (99.5) | (62.5) | (78.9) |
| Interest Expense | 21.7 | 19.4 | 19.6 | 20.5 | 24.8 | 28.5 | 32.2 | 24.9 | 24.5 | 11.3 | 3.1 | 186.2 | 222.3 | 205.2 | 194.2 |
| Interest Income | 3.6 | 3.5 | 6.1 | 0.8 | 0.2 | 0.6 | 2.2 | 3.2 | 0.8 | 0.4 | 0.2 | 0.2 | 0.5 | 1.4 | 0.5 |
| Profitability | |||||||||||||||
| EBITDA | 181.5 | 163.6 | 133.4 | 183.9 | 225.1 | 393.4 | 261.8 | 181.2 | 184.8 | 184.1 | 211.5 | 288.6 | 286.4 | 249.7 | 258 |
| EBIT | 164.9 | 145.1 | 116.1 | 165.3 | 202.9 | 373.3 | 245.4 | 160.1 | 166.5 | 172.1 | 204.4 | 154 | 138.5 | 158.5 | 121.3 |
| Income Before Tax | 143.2 | 125.7 | 96.5 | 144.8 | 178.1 | 344.8 | 213.2 | 135.2 | 142 | 160.8 | 201.3 | (32.2) | (83.8) | (46.7) | (72.9) |
| Income Tax Expense | 36.6 | 38.9 | 29.4 | 44.2 | 50 | 97.1 | 10.5 | 5 | 132.8 | 40.8 | 46.6 | 12.8 | 13.3 | 3.3 | (4.2) |
| Net Income | 80 | 85 | 65.8 | 100.6 | 828.4 | 286.7 | 223.9 | 136.4 | 4.2 | 126.4 | 155.5 | 51.7 | 25.7 | 3 | 10.3 |
| Per Share Data | |||||||||||||||
| EPS (Basic) | 2.21 | 2.25 | 1.59 | 2.39 | 10.73 | 3.53 | 2.45 | 1.27 | 0.04 | 1.05 | 1.29 | 0.43 | 0.21 | 0.03 | 0.09 |
| EPS (Diluted) | 2.21 | 2.22 | 1.55 | 2.33 | 10.29 | 3.50 | 2.45 | 1.26 | 0.04 | 1.05 | 1.29 | 0.43 | 0.21 | 0.03 | 0.09 |
| Shares Outstanding | 36.2 | 37.8 | 41.5 | 42.1 | 77.2 | 81.3 | 91.2 | 107.4 | 110.7 | 119.2 | 120 | 120 | 120 | 120 | 120 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 101.2 | 94.8 | 146.8 | 108.4 | 252.1 | 371.3 | 111.3 | 340.6 | 186.3 | 101.9 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 178.5 | 167.7 | 146.1 | 124.5 | 172 | 109.9 | 178.1 | 163 | 238.3 | 163.7 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 0 | 3.7 | 0.8 | 12.8 | 0 | 442.7 | 9.7 | 4.9 | 14.1 | 0.4 |
| Total Current Assets | 279.7 | 266.2 | 293.7 | 245.7 | 424.1 | 923.9 | 299.1 | 508.5 | 438.7 | 266 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 47.6 | 88.2 | 101.4 | 107.6 | 115.3 | 141.4 | 103.5 | 49 | 41.7 | 39.8 |
| Goodwill | 0 | 20.3 | 20.3 | 20.3 | 20.3 | 20.3 | 274.6 | 274.6 | 274.6 | 272.7 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 65.1 | 71.7 | 78.3 | 83.9 |
| Long-Term Investments | 51.2 | 221.9 | 98.6 | 50.3 | 54.5 | 90 | 376.9 | 323.3 | 381.1 | 268.8 |
| Other Non-Current Assets | 298.5 | 28.3 | 27.7 | 30.1 | 28.2 | 29.5 | 56.9 | 56.5 | 36.7 | 29.4 |
| Total Non-Current Assets | 397.3 | 437 | 317.7 | 273 | 290.7 | 455.3 | 1,120.6 | 1,045.2 | 1,053 | 1,027.3 |
| Total Assets | 677 | 703.2 | 611.4 | 518.7 | 714.8 | 1,379.2 | 1,419.7 | 1,553.7 | 1,491.7 | 1,294.3 |
| Current Liabilities | ||||||||||
| Account Payables | 167.5 | 7.2 | 8.8 | 5 | 5 | 6.7 | 12.9 | 22.1 | 7.7 | 5.1 |
| Short-Term Debt | 0 | 9.5 | 0 | 0 | 0 | 0 | 140 | 0 | 0 | 0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 0 | 140.3 | 0 | 0 | 0 | 313.3 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 167.5 | 191.5 | 41.9 | 35.9 | 36.3 | 348.7 | 203.2 | 154 | 212.7 | 292.3 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 261.4 | 274.3 | 273.9 | 273.5 | 394.9 | 394.3 | 428.8 | 393.3 | 426.3 | 392.3 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 102.7 | 92.5 | 173.7 | 155.1 | 223.6 | 157 | 546.8 | 830.3 | 681.4 | 439.2 |
| Total Non-Current Liabilities | 425.5 | 424.6 | 520 | 504.4 | 696.1 | 646.1 | 1,018.1 | 1,223.6 | 1,107.7 | 831.5 |
| Total Liabilities | 593 | 616.1 | 561.9 | 540.3 | 732.4 | 994.8 | 1,221.3 | 1,377.6 | 1,320.4 | 1,123.8 |
| Stockholders' Equity | ||||||||||
| Common Stock | 60.6 | 0 | 0 | 0 | 0 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
| Retained Earnings | 0 | 24.4 | 46.9 | (12.5) | (6.8) | (176.5) | (452.5) | (640.5) | 0 | 190.2 |
| Accumulated Other Comprehensive Income | 0 | (4.4) | (6.7) | (10.6) | (10.8) | (13.6) | (17.5) | (20.9) | (21.6) | (26.3) |
| Total Stockholders' Equity | 60.6 | 20 | 40.2 | (21.6) | (17.6) | 302.4 | 64.4 | 103.3 | 75.4 | 164 |
| Total Liabilities & Equity | 677 | 703.2 | 611.4 | 518.7 | 714.8 | 1,379.2 | 1,419.7 | 1,553.7 | 1,491.7 | 1,294.3 |
| Debt Metrics | ||||||||||
| Total Debt | 322.8 | 341.6 | 346.3 | 349.3 | 472.5 | 489.1 | 611.3 | 393.3 | 426.3 | 392.3 |
| Net Debt | 221.6 | 246.8 | 199.5 | 240.9 | 220.4 | 117.8 | 500 | 52.7 | 240 | 290.4 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 80 | 85 | 65.8 | 100.6 | 896.4 | 315.5 | 240 | 130.3 | 9.1 | 126.2 |
| Depreciation & Amortization | 16.6 | 18.5 | 17.3 | 18.6 | 22.2 | 22.1 | 23.8 | 21.1 | 18.3 | 12 |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Working Capital | 66.5 | (7.3) | (8.8) | 9.4 | (194) | (40.8) | (332.7) | (13.1) | 5.5 | (63.1) |
| Other Non-Cash Items | 29.5 | (30.2) | 0 | (18.2) | (734.6) | (224.5) | (95.4) | 99.4 | 153.4 | 49.3 |
| Operating Cash Flow | 192.6 | 55.8 | 68.3 | 116.8 | (11.5) | 90.5 | (138.5) | 192.9 | 225.5 | 137.7 |
| Investing Activities | ||||||||||
| Capital Expenditure | (11.9) | (9.9) | (13.8) | (16.1) | (15.1) | (25.9) | (33.9) | (21.7) | (13.7) | (13.5) |
| Acquisitions | 0 | 0 | 0 | 0 | (652.1) | 291.6 | (7.6) | 105 | (1.9) | (219.1) |
| Purchases of Investments | (665.8) | (47.7) | (50.8) | (5.5) | (2.5) | (103.6) | (26.5) | (216.4) | (164.6) | (76.1) |
| Sales/Maturities of Investments | 629.3 | 7.5 | 8.2 | 8.6 | 42.7 | 109.8 | 73.1 | 152.7 | 149.2 | 24.5 |
| Other Investing Activities | 10.4 | 0 | 12.5 | 0 | 1,666.1 | 94.8 | 3.9 | 0 | 0 | 0 |
| Investing Cash Flow | (38) | (50.1) | (43.9) | (13) | 1,039.1 | 366.7 | 9 | 19.6 | (31) | (284.2) |
| Financing Activities | ||||||||||
| Net Debt Issuance | (78.7) | (0.2) | (0.4) | (126.1) | (0.4) | (175) | 175 | (38) | 33.5 | 302.1 |
| Stock Repurchased | (48.8) | (96.7) | (3.3) | (103.2) | (1,121.7) | (46) | (239.8) | (71.2) | (74.1) | (98.6) |
| Dividends Paid | (1.5) | (1.5) | (2) | (1.2) | (2.9) | (10.9) | (36) | (42.5) | (38.8) | (38.5) |
| Other Financing Activities | (0.2) | 43.9 | 7.5 | (3.2) | (57.3) | 2.8 | 5.8 | 84.3 | (17) | (52.1) |
| Financing Cash Flow | (129.2) | (54.4) | 1.8 | (233.7) | (1,179.6) | (229.1) | (95) | (67.4) | (96.4) | 112.9 |
| Cash Position | ||||||||||
| Net Change in Cash | 25.9 | (49.1) | 26.4 | (130.9) | (120.8) | 251.9 | (224.5) | 145.1 | 98.1 | (33.6) |
| Cash at Beginning | 98.5 | 147.6 | 121.2 | 252.1 | 372.9 | 121 | 345.5 | 200.4 | 102.3 | 135.9 |
| Cash at End | 124.4 | 98.5 | 147.6 | 121.2 | 252.1 | 404.1 | 121 | 345.5 | 200.4 | 102.3 |
| Free Cash Flow | 180.7 | 45.9 | 54.5 | 100.7 | (26.6) | 64.6 | (172.4) | 171.2 | 211.8 | 124.2 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||||
| Revenue | 594.3 | 505.6 | 426.6 | 417.2 | 523.8 | 499.5 | 594.6 | 928.2 | 887.4 | 663.5 | 699.3 | 1,056.3 | 928.6 | 703.5 | 724.2 |
| Gross Profit | 552 | 239.2 | 205.9 | 257.6 | 239.2 | 256.2 | 345.7 | 230.9 | 202.2 | 265.9 | 286.5 | 369.2 | 337.9 | 271.7 | 300.2 |
| Operating Income | 162.7 | 135.5 | 106 | 167.9 | 145.8 | 131.7 | 222.2 | 83.8 | 71 | 155.6 | 191.2 | (67.2) | (99.5) | (62.5) | (78.9) |
| Net Income | 80 | 85 | 65.8 | 100.6 | 828.4 | 286.7 | 223.9 | 136.4 | 4.2 | 126.4 | 155.5 | 51.7 | 25.7 | 3 | 10.3 |
| EPS (Diluted) | 2.21 | 2.22 | 1.55 | 2.33 | 10.29 | 3.50 | 2.45 | 1.26 | 0.04 | 1.05 | 1.29 | 0.43 | 0.21 | 0.03 | 0.09 |
| Balance Sheet | |||||||||||||||
| Cash & Equivalents | 101.2 | 94.8 | 146.8 | 108.4 | 252.1 | 371.3 | 111.3 | 340.6 | 186.3 | 101.9 | |||||
| Total Assets | 677 | 703.2 | 611.4 | 518.7 | 714.8 | 1,379.2 | 1,419.7 | 1,553.7 | 1,491.7 | 1,294.3 | |||||
| Total Debt | 322.8 | 341.6 | 346.3 | 349.3 | 472.5 | 489.1 | 611.3 | 393.3 | 426.3 | 392.3 | |||||
| Stockholders' Equity | 60.6 | 20 | 40.2 | (21.6) | (17.6) | 302.4 | 64.4 | 103.3 | 75.4 | 164 | |||||
| Cash Flow | |||||||||||||||
| Operating Cash Flow | 192.6 | 55.8 | 68.3 | 116.8 | (11.5) | 90.5 | (138.5) | 192.9 | 225.5 | 137.7 | |||||
| Capital Expenditure | (11.9) | (9.9) | (13.8) | (16.1) | (15.1) | (25.9) | (33.9) | (21.7) | (13.7) | (13.5) | |||||
| Free Cash Flow | 180.7 | 45.9 | 54.5 | 100.7 | (26.6) | 64.6 | (172.4) | 171.2 | 211.8 | 124.2 | |||||