Acadian Asset Management Inc. Common Stock (AAMI)

FairStock Score: 42/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach Acadian as an asset manager, a business that can be wonderful when it earns fees on other people's money without heavy capital needs. A fee-based manager may have a process and client relationships, but the figures do not prove a wide moat; performance and flows can reverse. The latest filing is encouraging: in fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $185.1 million and net income was $27.3 million, or $0.76 per diluted share. That compares with fiscal Q2 2025, when revenue was $127.4 million, net income was $10.1 million, and diluted EPS was $0.28. So the recent rebound is substantial. But I cannot ignore the longer record. Fiscal year 2025 revenue was $563.7 million and net income $80.0 million, while fiscal year 2024 had revenue of $505.6 million and net income $85.0 million. Profit slipped even as sales rose. FairStock's Lynch category calls it a SLOW GROWER — Shrinking, citing five-year profit decline of 22.5% a year and revenue decline of 4.2%. Financial health is mixed; the FairStock Score is 42/100. FairStock's ROE is 106.77%, but ROCE is only 12.92% and debt-to-equity is 1.93, so leverage flatters the equity return. Trailing free cash flow is negative $50.1 million, a -1.5% FCF yield. At the 2026-10-13 close of $91.58, the market cap is $3.3 billion, and FairStock calculates a 32.36 P/E, 35.36 P/B, and EV/EBITDA of 17.39. The Graham Number is $12.84, giving a -613.24% margin of safety, and Piotroski is 4/9. PEG of 0.19 looks cheap only if the latest growth lasts. For a Graham-style buyer, there is no cushion and the five-year record warns that the recent quarter may be a rebound, not a durable trend.

In plain English: Acadian Asset Management is an investment manager that runs portfolios and funds for individuals and institutions. Its latest reported quarter showed much higher revenue and profit than the same quarter a year earlier, but the longer-term record has been weak, and the business is not currently producing positive cash from its operations. At the recent price, the shares look expensive compared with the company's earnings, assets, and a conservative estimate of what its numbers might justify.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer