Want to see FR:AMUN full AI Analyst Report?
Top Page
Amundi SA
(AMUN)
Select Model
Select Model
Rating:75Outperform
Price Target:
€110.00
▲(16.90% Upside)
Action:Reiterated
Date:07/07/26
The score is driven primarily by solid underlying financial performance (strong profitability and improved leverage) and supportive technical momentum (price above key moving averages with positive MACD). Valuation further supports the rating with a moderate P/E and strong dividend yield, while the main constraint on the score is top-line and cash-flow volatility, including the 2025 revenue decline and prior cash flow swings.
Positive Factors
Sustained Profitability
Healthy net margins of about 18%–23% across 2020–2024 indicate that Amundi’s asset-management platform has generated substantial earnings over multiple years. This profitability can support reinvestment, distributions and resilience, provided operating conditions remain broadly supportive.
Negative Factors
Revenue Volatility
The sharp 2025 revenue contraction highlights meaningful top-line volatility in a business whose fees depend on assets under management, product mix and client flows. Such variability makes near-term earnings power less predictable and can constrain planning and capital allocation.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Profitability
Healthy net margins of about 18%–23% across 2020–2024 indicate that Amundi’s asset-management platform has generated substantial earnings over multiple years. This profitability can support reinvestment, distributions and resilience, provided operating conditions remain broadly supportive.
Read all positive factors
Amundi SA (AMUN) vs. iShares MSCI France ETF (EWQ)
Market Cap
€20.07B
Dividend Yield4.36%
Average Volume (3M)157.43K
Price to Earnings (P/E)11.8
Beta (1Y)1.14
Revenue Growth1.21%
EPS Growth-18.98%
CountryFR
Employees5,400
SectorGeneral
Sector StrengthN/A
IndustryAsset Management
Share Statistics
EPS (TTM)8.28
Shares Outstanding206,386,320
10 Day Avg. Volume190,399
30 Day Avg. Volume157,432
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
€94.13Price Target Upside0.04% Upside
Rating ConsensusHold
Number of Analyst Covering6
EPS Forecast (FY)7.55
Revenue Forecast (FY)€3.61B
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 | 3.04B | 2.31B | 1.77B | 1.56B | 1.47B | 1.67B |
| 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
91.78
Positive
85.88
Positive
77.90
Positive
Market Momentum
1.06
Positive
67.38
Neutral
85.05
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 below the 20-day moving average (MA) of 95.08, above the 50-day MA of 91.78, and above the 200-day MA of 77.90, indicating a bullish trend. The MACD of 1.06 indicates Positive momentum. The RSI at 67.38 is Neutral, neither overbought nor oversold. The STOCH value of 85.05 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 |
|---|---|---|---|---|---|---|---|
76 Outperform | €1.52B | 13.71 | 23.08% | 8.35% | -8.13% | -19.01% | |
75 Outperform | €20.07B | 11.78 | 13.13% | 4.36% | 1.21% | -18.98% | |
66 Neutral | €2.90B | 12.54 | 7.44% | 4.76% | 32.01% | -23.67% | |
64 Neutral | €3.58B | -72.06 | -2.62% | 5.95% | -13.33% | 6.71% | |
57 Neutral | €315.19M | 12.71 | 14.57% | 6.37% | 16.42% | -6.63% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | €3.29B | -25.86 | -1.65% | 5.93% | 18.08% | 82.50% |
* General Sector Average
FR:AMUN
Amundi SA
95.25
35.54
59.52%
FR:ABCA
ABC Arbitrage
5.21
-0.35
-6.33%
FR:RF
Eurazeo
48.70
-1.85
-3.67%
FR:MF
Wendel SE
84.80
8.15
10.63%
FR:TKO
Tikehau Capital SCA
16.68
-1.52
-8.33%
FR:ANTIN
Antin Infrastructure Partners
8.49
-1.99
-19.00%
Amundi SA Corporate Events
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.