Company Valuation: Ameriprise Financial, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 33,753 33,135 38,437 51,653 45,555 43,548 - -
Change - -1.83% 16% 34.38% -11.81% -4.41% - -
Enterprise Value (EV) 1 29,658 29,193 34,560 46,547 38,879 31,993 30,246 39,809
Change - -1.57% 18.39% 34.68% -16.47% -17.71% -5.46% 31.62%
P/E 13.1x 13.8x 16x 16.1x 13.5x 10.8x 9.63x 8.64x
PBR 6.22x 9.32x 8.49x 9.8x 7.02x 6.25x 5.2x 4.3x
PEG - -6.48x 3x 0.4x 1.38x 0.4x 0.8x 0.8x
Capitalization / Revenue 2.44x 2.32x 2.5x 3.02x 2.49x 2.18x 2.05x 1.98x
EV / Revenue 2.14x 2.05x 2.25x 2.73x 2.13x 1.6x 1.43x 1.81x
EV / EBITDA 8.15x 8.54x 7.83x 10.1x 8.13x 4.91x 4.53x 5.85x
EV / EBIT 8.98x 8.61x 8.78x 10.5x 7.97x 5.79x 5.19x 6.59x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 4.52 4.88 5.3 5.79 6.28 6.687 7.125 7.502
Rate of return 1.5% 1.57% 1.4% 1.09% 1.28% 1.36% 1.45% 1.52%
EPS 2 23 22.51 23.71 33.05 36.28 45.59 51.22 57.06
Distribution rate 19.7% 21.7% 22.4% 17.5% 17.3% 14.7% 13.9% 13.1%
Net sales 1 13,861 14,264 15,387 17,079 18,293 19,992 21,197 22,037
EBITDA 1 3,639 3,420 4,414 4,595 4,784 6,521 6,673 6,803
EBIT 1 3,304 3,391 3,936 4,436 4,877 5,524 5,826 6,044
Net income 1 2,760 2,559 2,556 3,401 3,563 4,212 4,481 4,728
Net Debt 1 -4,095 -3,942 -3,877 -5,106 -6,676 -11,555 -13,303 -3,739
Reference price 2 301.66 311.37 379.83 532.43 490.34 493.00 493.00 493.00
Nbr of stocks (in thousands) 111,890 106,417 101,196 97,015 92,906 88,333 - -
Announcement Date 26/1/22 25/1/23 24/1/24 29/1/25 29/1/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
10.81x1.6x4.91x1.36% 43.55B
19.8x5.65x12.1x2.11% 168B
14.19x3.46x - 2.49% 151B
16.25x7.33x - 1.54% 102B
19.91x11.21x16.26x4.5% 71.26B
13.55x5.24x - 1.93% 49.81B
5.13x5.31x3.82x3.56% 35.34B
13.81x5.07x15.91x1.91% 32.15B
9.93x2.37x5.9x4.93% 22.51B
Average 13.71x 5.25x 9.82x 2.7% 75.05B
Weighted average by Cap. 15.60x 5.56x 11.23x 2.46%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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