Skip to main content

Go Premium in Our Biggest Sale Ever

UPGRADE NOW
TipRanks
Go Ultimate75% OFF

Fiera Capital A (ZFS) AI Stock Analysis

1 Followers
DE:ZFS

Fiera Capital A

(Frankfurt:ZFS)

Rating:―N/A
Action:N/A
Date:―

No summary available

Positive Factors
Private Markets momentumPrivate Markets is showing durable traction through positive net inflows, new mandates, continued deployment and a substantial capital pipeline. This broadens the platform beyond pressured public-market flows and can support future fee growth as undeployed capital is invested.
Negative Factors
High and rising leverageElevated leverage reduces financial flexibility and increases the importance of maintaining dependable cash generation. It also leaves less capacity to absorb market-sensitive fee volatility, while higher financing obligations can constrain investment and capital allocation.

Fiera Capital A (ZFS) vs. iShares MSCI Germany ETF (EWG)

-60%-50%-40%-30%-20%-10%0%10%20%DE:ZFS-50.72%EWG+6.38%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
EUR 302.29M
Dividend Yield
14.92%
Average Volume (3M)
25
Price to Earnings (P/E)
15.6
Beta (1Y)
0.13
Revenue Growth
-7.50%
EPS Growth
-50.47%
Country
Germany
Employees
769
Sector
Financial
Sector Strength
68
Industry
Asset Management

Fiera Capital A Business Overview & Revenue Model

Company Description

Fiera Capital Corporation is an publicly owned investment manager. The firm primarily provides its services to institutional investors, financial intermediaries, high net worth individuals, family offices, foundations, and endowments. The firm manage...

Fiera Capital A Earnings Call Summary

Earnings Call Date:Aug 07, 2026(Q2-2026)|% Change Since:-41.35%|Next Earnings Date:Mar 03, 2027
Earnings Call SentimentNeutral

The call presents a balanced picture: meaningful operational and investment highlights (AUM growth QoQ, Private Markets fundraising and deployment, strong strategy performance, cost optimization and stable margins) were offset by significant near-term headwinds (large sub-advised outflows of CAD 5.3 billion, anticipated further transfers/redemptions of ~CAD 2.0 billion combined, revenue declines ~5% YoY, and modest increases in net debt and leverage). Management articulated clear strategic responses and expects leverage to improve in H2, but near-term flow and revenue pressures temper the outlook.

Positive Updates

Assets Under Management Growth (Quarterly)
Total AUM ended the quarter at CAD 163.5 billion, up ~2.1% QoQ. Public Markets AUM was CAD 141.2 billion, up ~2.4% QoQ, with market appreciation more than offsetting net outflows.

Negative Updates

Large Sub-Advised Outflows
Sub-advisory AUM outflows were CAD 5.3 billion in the quarter, largely reflecting a single U.S. client transfer to PineStone and additional rebalancing across U.S., EMEA and Asia. Public Markets net outflows excluding sub-advised mandates were CAD 2.2 billion in the quarter.

Company Guidance

Guidance from the call was that 2026 direct transfers should be lower than the prior year (with one remaining client transfer of ~CAD1.5B expected in H2), and management expects net debt (CAD723M, up CAD23M QoQ) and leverage (net-debt ratio ~3.8x; interest coverage >4x) to decline in the second half of the year as the seasonal bonus/variable comp outflows reverse; they also expect quarterly interest expense to fall from roughly CAD12M toward CAD10M (≈CAD4M annual savings). Financial targets and capital-return actions include maintained adjusted EBITDA (CAD42M; margin 27.1%; YTD margin ~27%), adjusted net earnings of CAD23.9M (adj. EPS CAD0.21), last-12‑month free cash flow of CAD93M (dividend payout just under 50%), a quarterly dividend of CAD0.108/share payable Sept 17, NCIB renewal to buy up to CAD4M of shares (YTD ~700k shares repurchased for CAD3.9M), and continued focus on Private Markets growth (total AUM CAD163.5B; Public Markets AUM CAD141.2B; Private Markets AUM up 0.5% Q/Q and 1.4% YTD, pipeline/undeployed capital CAD1.9B, CAD800M deployed YTD including >CAD500M this quarter, net inflows >CAD115M and ~CAD100M of new mandates) despite sub-advised outflows of CAD5.3B (Public Markets ex-sub-advised net outflows CAD2.2B) in the quarter.

Fiera Capital A Peers Comparison

Overall Rating

UnderperformOutperform
Sector (68)

Financial Indicators

DE:ZFS against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
TSE:SIITSE:SII77OutperformCAD 4.20B25.5929.71%1.37%87.68%125.58%
TSE:AGF.BTSE:AGF.B73OutperformCAD 957.15M6.9111.46%3.50%12.19%26.48%
Sector *68Neutral$18.00B11.429.92%3.81%9.73%1.22%
TSE:SECTSE:SEC64NeutralCAD 1.07B2.3020.30%―-16.55%167.63%

* Financial Sector Average

Performance Comparison

-50%0%50%DE:ZFSTSE:AGF.BTSE:SECTSE:SIIDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
DE:ZFS and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
DE:ZFSFiera Capital A1.75-1.78-50.45%
TSE:AGF.BAgf Management B Nv15.132.0615.75%
TSE:SECSenvest Capital432.8160.3116.19%
TSE:SIISprott Inc161.4938.8731.70%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.