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 48,082 - -
Change - -1.83% 16% 34.38% -11.81% 5.55% - -
Enterprise Value (EV) 1 29,658 29,193 34,560 46,547 38,879 36,527 34,780 44,344
Change - -1.57% 18.39% 34.68% -16.47% -6.05% -4.78% 27.5%
P/E 13.1x 13.8x 16x 16.1x 13.5x 11.9x 10.6x 9.54x
PBR 6.22x 9.32x 8.49x 9.8x 7.02x 6.9x 5.74x 4.75x
PEG - -6.48x 3x 0.4x 1.38x 0.5x 0.9x 0.8x
Capitalization / Revenue 2.44x 2.32x 2.5x 3.02x 2.49x 2.41x 2.27x 2.18x
EV / Revenue 2.14x 2.05x 2.25x 2.73x 2.13x 1.83x 1.64x 2.01x
EV / EBITDA 8.15x 8.54x 7.83x 10.1x 8.13x 5.6x 5.21x 6.52x
EV / EBIT 8.98x 8.61x 8.78x 10.5x 7.97x 6.61x 5.97x 7.34x
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% 1.23% 1.31% 1.38%
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 2 301.66 311.37 379.83 532.43 490.34 544.33 544.33 544.33
Nbr of stocks (in thousands) 111,890 106,417 101,196 97,015 92,906 88,333 - -
Announcement Date 1/26/22 1/25/23 1/24/24 1/29/25 1/29/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
19.5x5.54x11.87x2.14% 166B
14.5x3.52x - 2.44% 155B
16.68x7.43x - 1.5% 104B
20.54x11.58x16.8x4.37% 73.51B
13.66x5.26x - 1.92% 50.23B
11.94x1.83x5.6x1.23% 48.08B
5.13x5.31x3.82x3.56% 35.7B
13.94x5.14x16.03x1.89% 32.55B
Average 14.49x 5.70x 10.82x 2.38% 83.08B
Weighted average by Cap. 15.98x 5.72x 11.61x 2.34%

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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