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Amundi SA
(AMUN)
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Rating:68Neutral
Price Target:
€98.00
▲(4.14% Upside)
Action:Downgraded
Date:10/07/26
The score is driven primarily by solid financial performance (strong profitability and improved leverage, tempered by revenue and cash-flow volatility). Valuation is a clear positive with a low P/E and strong dividend yield. These are partially offset by weak technical momentum (below key moving averages with negative MACD and low RSI/Stoch).
Positive Factors
Strong profitability
Sustained healthy margins indicate that Amundi’s asset-management platform has generated meaningful operating profitability across several years. This provides internal funding capacity, supports resilience through market cycles, and suggests the business can preserve earnings power when revenue conditions normalize.
Negative Factors
Revenue volatility
The sharp 2025 revenue contraction highlights sensitivity in Amundi’s earnings model to assets under management, client flows, product mix, and market conditions. Such volatility can make future growth and resource planning less predictable, even when underlying margins remain strong.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong profitability
Sustained healthy margins indicate that Amundi’s asset-management platform has generated meaningful operating profitability across several years. This provides internal funding capacity, supports resilience through market cycles, and suggests the business can preserve earnings power when revenue conditions normalize.
Read all positive factors
Amundi SA (AMUN) vs. iShares MSCI France ETF (EWQ)
Market Cap
€18.81B
Dividend Yield4.66%
Average Volume (3M)158.63K
Price to Earnings (P/E)11.0
Beta (1Y)1.18
Revenue Growth1.21%
EPS Growth-18.98%
CountryFR
Employees5,329
SectorGeneral
Sector StrengthN/A
IndustryAsset Management
Share Statistics
EPS (TTM)8.28
Shares Outstanding206,999,620
10 Day Avg. Volume135,572
30 Day Avg. Volume158,632
Financial Highlights & Ratios
PEG Ratio0.30
Price to Book (P/B)1.09
Price to Sales (P/S)1.95
P/FCF Ratio7.95
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€96.73Price Target Upside2.80% Upside
Rating ConsensusHold
Number of Analyst Covering6
EPS Forecast (FY)7.77
Revenue Forecast (FY)€3.67B
Amundi SA Business Overview & Revenue Model
Company Description
Amundi S.A. is a publicly listed firm specializing in asset management. The company offers a diverse range of retail financial products and solutions, distributed within France primarily through quasi-exclusive partnerships with the retail banking...
How the Company Makes Money
Amundi primarily generates revenue by charging fees for managing client assets (assets under management, or AUM). The core stream is recurring management fees calculated as a percentage of AUM across actively managed funds and mandates and, typica...
Amundi SA Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
72
Positive
Cash Flow
66
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 7.12B | 7.04B | 6.66B | 6.00B | 5.98B | 5.92B |
| Gross Profit | 4.06B | 3.62B | 3.58B | 3.23B | 3.11B | 3.19B |
| EBITDA | 3.01B | 2.31B | 1.82B | 1.60B | 1.52B | 1.72B |
| Net Income | 1.65B | 1.59B | 1.31B | 1.16B | 1.07B | 1.37B |
Balance Sheet | ||||||
| Total Assets | 39.62B | 38.74B | 38.30B | 36.01B | 28.62B | 28.72B |
| Cash, Cash Equivalents and Short-Term Investments | 2.93B | 4.14B | 2.79B | 675.73M | 528.76M | 1.30B |
| Total Debt | 19.56B | 2.02B | 2.36B | 2.16B | 12.26B | 12.13B |
| Total Liabilities | 27.09B | 26.04B | 26.25B | 24.59B | 17.54B | 17.99B |
| Stockholders Equity | 12.48B | 12.66B | 12.00B | 11.37B | 11.03B | 10.67B |
Cash Flow | ||||||
| Free Cash Flow | 2.44B | 1.73B | 1.52B | 1.49B | -233.98M | 1.91B |
| Operating Cash Flow | 2.55B | 1.82B | 1.59B | 1.54B | -183.79M | 1.96B |
| Investing Cash Flow | -602.44M | -444.20M | -393.58M | -20.17M | -49.63M | -648.39M |
| Financing Cash Flow | -1.16B | -877.38M | -931.46M | -845.42M | -980.22M | -681.64M |
Amundi SA Technical Analysis
Positive
94.10
Price Trends
91.40
Negative
90.37
Positive
82.56
Positive
Market Momentum
-0.45
Negative
56.44
Neutral
94.67
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:AMUN, the sentiment is Positive. The current price of 94.1 is above the 20-day moving average (MA) of 88.54, above the 50-day MA of 91.40, and above the 200-day MA of 82.56, indicating a neutral trend. The MACD of -0.45 indicates Negative momentum. The RSI at 56.44 is Neutral, neither overbought nor oversold. The STOCH value of 94.67 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FR:AMUN.
Amundi SA Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | €337.62M | 10.21 | 18.59% | 5.94% | 14.41% | -6.57% | |
72 Outperform | €1.34B | 12.71 | 22.58% | 8.40% | -11.54% | -17.83% | |
68 Neutral | €18.81B | 11.01 | 13.13% | 4.66% | 1.21% | -18.98% | |
66 Neutral | €2.80B | 12.12 | 7.44% | 4.93% | 32.01% | -23.67% | |
64 Neutral | €3.57B | -71.81 | -2.62% | 5.97% | -13.33% | 6.71% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | €3.30B | -25.99 | -1.65% | 5.90% | 18.08% | 82.50% |
* General Sector Average
FR:AMUN
Amundi SA
91.15
30.06
49.21%
FR:ABCA
ABC Arbitrage
5.72
0.59
11.57%
FR:RF
Eurazeo
49.48
-6.05
-10.90%
FR:MF
Wendel SE
85.45
8.80
11.48%
FR:TKO
Tikehau Capital SCA
16.24
-0.96
-5.59%
FR:ANTIN
Antin Infrastructure Partners
7.50
-2.29
-23.38%
Amundi SA Corporate Events
Amundi Updates Share Count and Voting Rights for September 2026
Oct 5, 2026
Amundi SA has reported its share and voting rights structure as of 30 September 2026 in accordance with French market regulations. The company disclosed that it has 206,386,326 shares outstanding, with an equal number of theoretical voting rights ...
Amundi Completes €500 Million Share Buyback Programme
Sep 21, 2026
Amundi has announced the completion of its share buyback programme launched on 4 February 2026, after purchasing a final tranche of 206,315 shares between 14 and 18 September across the CCXE and Euronext Paris markets. These transactions brought t...
Amundi Completes €500 Million Share Buyback, Plans Share Cancellation
Sep 18, 2026
Amundi has completed its €500 million share buyback programme, initiated in February 2026 under its Ambitions 2025 plan, acquiring 5.9 million shares at an average price of €84.56 and representing around 2.9% of its share capital. The ...
Amundi Deepens Private Markets Push With €620m Stake in ICG
Sep 17, 2026
Amundi has finalized its strategic equity partnership with ICG by acquiring a 9.9% economic stake in the alternative asset manager for about €620 million, a holding that will be consolidated into Amundi’s assets under management, net i...
Amundi launches discounted global employee share offer with limited EPS impact
Sep 14, 2026
Amundi has launched a new employee share ownership plan, We Share Amundi, a capital increase reserved for staff, early retirees and retirees across multiple countries, offering a 30% discount to the market-based subscription price of €66.63 ...
Amundi Details September Transactions Under 2026 Share Buyback Programme
Sep 14, 2026
Amundi SA has disclosed details of transactions carried out under its 2026 share buyback programme between 7 and 11 September, purchasing a total of 200,000 shares at a daily weighted average price of about €95.39 across trading venues in Pa...
Amundi Details Latest Transactions in 2026 Share Buyback Program
Sep 7, 2026
Amundi SA has reported transactions under its 2026 share buyback program, detailing purchases of 200,000 shares between 31 August and 7 September across Euronext Paris and the Cboe Europe exchange. The operations were executed at a daily weighted ...
Amundi Details Weekly Transactions in 2026 Share Buyback Program
Aug 31, 2026
Amundi has reported weekly activity under its 2026 share buyback program, disclosing the repurchase of 200,000 own shares between 24 and 28 August 2026 at a daily weighted average price of about €94.60 across the CCXE and Euronext Paris mark...
Amundi Backs Victory Capital’s $7 Billion Deal for First Eagle
Aug 26, 2026
Amundi has endorsed Victory Capital’s $7 billion acquisition of First Eagle Investments, a deal that will create a diversified global asset manager overseeing about $571 billion in assets. As a long-standing distribution partner of both firm...
Amundi Details Weekly Transactions in Ongoing 2026 Share Buyback Programme
Aug 24, 2026
Amundi has disclosed the weekly statement of transactions under its 2026 share buyback programme, detailing purchases of 200,000 of its own shares between 17 and 21 August 2026 on Euronext Paris and the CCXE market. The buybacks, executed at a dai...
Amundi Buys Back 200,000 Shares in August Under Ongoing Program
Aug 17, 2026
Amundi has repurchased 200,000 of its own shares between 10 and 14 August 2026 under its ongoing buyback program, at a weighted average price of about EUR 95.30 per share, with trades executed on Euronext Paris and the Cboe Chi-X Europe platform. ...
Banco Sabadell and Amundi Extend Spanish Distribution Pact to 2035
Aug 11, 2026
Banco Sabadell and Amundi have extended their strategic partnership to distribute Amundi’s investment solutions through Sabadell’s networks in Spain, prolonging the original 2020 agreement by five years to 2035. The collaboration has h...
Amundi Buys Back 200,000 Shares in August Capital Management Move
Aug 10, 2026
Amundi has disclosed details of its ongoing share buyback programme, reporting the purchase of 200,000 of its own shares between 3 and 7 August 2026 at a weighted average price of about EUR 96.59. The transactions, executed on venues including Eur...
Amundi repurchases 200,000 shares under 2026 buyback programme
Aug 3, 2026
Amundi has reported the latest activity under its 2026 share buyback programme, disclosing the repurchase of 200,000 shares between 27 and 31 July 2026 at a daily weighted average price of about €90.90. The transactions were executed on the ...
Amundi Publishes Half-Year 2026 Financial Report
Jul 31, 2026
Amundi has released and filed its half-year financial report for the period ended 30 June 2026 with the French markets regulator, making the document publicly available on its website. The publication provides investors and stakeholders with updat...
Amundi Posts Record First-Half Earnings as Assets and Inflows Hit New Highs
Jul 30, 2026
Amundi reported record first-half and second-quarter 2026 results, with adjusted net income up 29% year-on-year in Q2 and assets under management rising 14% to an all-time high of €2,581 billion. Revenue grew 18% on the back of higher manage...
Amundi Details July Transactions Under 2026 Share Buyback Program
Jul 27, 2026
Amundi SA has continued to execute its 2026 share buyback program, reporting transactions on its own shares between 20 and 24 July 2026 across the Euronext Paris (XPAR) and Cboe Europe (CCXE) markets. Over this period, the asset manager repurchase...
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.