A Business at a Glance
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ASSURED GUARANTY LTD
AGO
$4.2B
Mkt Cap
$85.36
+1.39%
ASSURED GUARANTY LTD (AGO) has a current P/E ratio of 8.3, compared to its historical median P/E of 8.0. The stock is currently considered Fair based on its historical valuation range.
ASSURED GUARANTY LTD (AGO) has a 5-year average return on invested capital (ROIC) of 5.8%. This is below average and may indicate limited pricing power.
ASSURED GUARANTY LTD (AGO) has a market capitalization of $4.2B. It is classified as a mid-cap stock.
Yes, ASSURED GUARANTY LTD (AGO) pays a dividend with a trailing twelve-month yield of 1.64%. The company also returns capital through share buybacks, with a buyback yield of 12.04%.
Based on historical P/E analysis, ASSURED GUARANTY LTD (AGO) appears fair. The current P/E of 8.3 is 4% above its historical median of 8.0. The estimated fair value CAGR (P/E method) is 15.4%.
ASSURED GUARANTY LTD (AGO) operates in the Surety Insurance industry, within the Financials sector.
ASSURED GUARANTY LTD (AGO) reported annual revenue of $1.1 billion in its most recent fiscal year, based on SEC EDGAR filings.
Assured Guaranty Ltd. (AGL and, together with its subsidiaries, Assured Guaranty or the Company) is a Bermuda-based holding company that provides, through its wholly-owned operating subsidiaries, credit protection products to the U.S. and non-U.S. public finance (including infrastructure) and structured finance markets. Assured Guaranty also participates in the asset management business. Through its financial guaranty insurance subsidiaries, the Company applies its credit underwriting judgment, risk management skills and capital markets experience primarily to offer financial guaranty insurance, including nonpayment insurance, that protects holders of debt instruments and other monetary obligations from defaults in scheduled payments.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 1.1B | 1.1B | 872M | 1.4B | 723M | 848M |
| Net Income | 499M | 499M | 373M | 733M | 123M | 389M |
| EPS | $10.26 | $10.26 | $6.87 | $12.30 | $1.92 | $5.23 |
| Free Cash Flow | 259M | 259M | 47M | 461M | 2.5B | 1.9B |
| ROIC | 7.7% | 6.9% | 5.1% | 10.4% | 1.7% | 4.9% |
| Gross Margin | 50.5% | 50.5% | 48.9% | 46.6% | 25.9% | 45.2% |
| Debt/Equity | 0.30 | 0.30 | 0.31 | 0.30 | 0.42 | 0.20 |
| Dividends/Share | $1.40 | $1.36 | $1.24 | $1.12 | $1.00 | $0.88 |
| Operating Income | 662M | 662M | 488M | 668M | 148M | 477M |
| Operating Margin | 59.6% | 59.6% | 56.0% | 48.7% | 20.5% | 56.3% |
| ROE | 8.8% | 8.9% | 6.7% | 13.6% | 2.2% | 6.0% |
| Shares Outstanding | 49M | 49M | 54M | 60M | 64M | 74M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 2.0B | 2.2B | 1.7B | 1.7B | 1.0B | 963M | 1.1B | 848M | 723M | 1.4B | 872M | 1.1B | 1.1B |
| Gross Margin | 76.8% | 64.8% | 60.6% | 57.0% | 57.8% | 47.8% | 34.6% | 45.2% | 25.9% | 46.6% | 48.9% | 50.5% | 50.5% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | N/A | N/A | N/A | N/A | 152M | 178M | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EBIT | 1.5B | 1.4B | 1.0B | 991M | 580M | 464M | 413M | 477M | 148M | 668M | 488M | 662M | 662M |
| Op. Margin | 76.8% | 64.8% | 60.6% | 57.0% | 57.9% | 48.2% | 37.0% | 56.3% | 20.5% | 48.7% | 56.0% | 59.6% | 59.6% |
| Net Income | 1.1B | 1.1B | 880M | 729M | 520M | 401M | 361M | 389M | 123M | 733M | 373M | 499M | 499M |
| Net Margin | 54.6% | 47.8% | 52.5% | 41.9% | 51.9% | 41.6% | 32.4% | 45.9% | 17.0% | 53.4% | 42.8% | 45.0% | 45.0% |
| Non-Recurring | 76M | 47M | 47M | 33M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 16.8% | 14.6% | 11.6% | 9.1% | 6.5% | 5.1% | 4.6% | 4.9% | 1.7% | 10.4% | 5.1% | 6.9% | 7.7% |
| ROE | 20.0% | 17.8% | 14.0% | 10.9% | 7.8% | 6.1% | 5.4% | 6.0% | 2.2% | 13.6% | 6.7% | 8.9% | 8.8% |
| ROA | 7.0% | 7.2% | 6.1% | 5.1% | 3.7% | 2.9% | 2.4% | 2.3% | 0.7% | 5.0% | 3.1% | 4.1% | 4.1% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 577M | -71M | -132M | 433M | 462M | -509M | -853M | 1.9B | 2.5B | 461M | 47M | 259M | 259M |
| Free Cash Flow | 577M | -71M | -132M | 433M | 462M | -509M | -853M | 1.9B | 2.5B | 461M | 47M | 259M | 259M |
| Owner Earnings | 568M | -72M | -132M | 290M | 310M | -687M | -1.1B | 1.7B | 2.2B | 210M | -155M | 50M | 50M |
| CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Maint. CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Growth CapEx | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 |
| D&A | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 76M | 72M | 69M | 70M | 71M | 74M | 69M | 66M | 64M | 67M | 68M | 68M | 68M |
| Dividend Yield | 2.2% | 2.2% | 2.2% | 1.7% | 1.9% | 1.9% | 2.9% | 2.0% | 1.8% | 2.0% | 1.5% | 1.6% | 1.6% |
| Share Buybacks | 590M | 555M | 306M | 501M | 500M | 500M | 446M | 496M | 500M | 199M | 502M | 500M | 500M |
| Buyback Yield | 15.5% | 16.4% | 7.0% | 13.8% | 13.3% | 11.3% | 17.6% | 14.3% | 13.0% | 4.5% | 10.3% | 11.3% | 12.0% |
| Stock-Based Comp | 9.0M | 500K | 400K | 143M | 152M | 178M | 228M | 230M | 258M | 251M | 202M | 209M | 209M |
| Debt Repayment | 19M | 4.0M | 2.0M | 30M | 101M | 4.0M | 22M | 620M | 2.0M | 330M | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | 455M | 738M | 589M | 557M | 316M | -839M | 505M | -304M | 1.1B | -253M | 350M | 382M | 1.3B |
| Cash & Equiv. | 75M | 166M | 127M | 144M | 104M | 183M | 298M | 342M | 207M | 286M | 128M | 419M | 419M |
| Long-Term Debt | 1.3B | 1.3B | 1.3B | 1.3B | 1.2B | 1.2B | 1.2B | 1.7B | 1.7B | 1.7B | 1.7B | 1.7B | 1.7B |
| Debt/Equity | 0.23 | 0.21 | 0.20 | 0.19 | 0.18 | 0.09 | 0.25 | 0.20 | 0.42 | 0.30 | 0.31 | 0.30 | 0.30 |
| Interest Coverage | 16.6 | 14.2 | 10.0 | 10.2 | 6.2 | 5.2 | 4.9 | 5.5 | 1.8 | 7.4 | 5.4 | 7.4 | 7.4 |
| Equity | 5.8B | 6.1B | 6.5B | 6.8B | 6.6B | 6.6B | 6.6B | 6.3B | 5.1B | 5.7B | 5.5B | 5.7B | 5.7B |
| Total Assets | 14.9B | 14.5B | 14.2B | 14.4B | 13.6B | 14.3B | 15.3B | 18.2B | 16.8B | 12.5B | 11.9B | 12.2B | 12.2B |
| Total Liabilities | 9.2B | 8.5B | 7.6B | 7.6B | 7.0B | 7.7B | 8.6B | 11.7B | 11.6B | 6.8B | 6.3B | 6.4B | 6.4B |
| Intangibles | N/A | N/A | N/A | N/A | 2.0M | 77M | 64M | 52M | 40M | 0 | N/A | N/A | N/A |
| Retained Earnings | 3.5B | 4.5B | 5.3B | 5.9B | 6.4B | 6.3B | 6.1B | 6.0B | 5.6B | 6.1B | 5.9B | 5.8B | 5.8B |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | |||||||||||||
| EPS | 6.26 | 7.08 | 6.56 | 5.96 | 4.68 | 4.00 | 4.19 | 5.23 | 1.92 | 12.30 | 6.87 | 10.26 | 10.26 |
| Owner EPS | 3.27 | -0.48 | -0.99 | 2.37 | 2.79 | -6.85 | -12.55 | 22.95 | 34.67 | 3.52 | -2.85 | 1.03 | 1.03 |
| Book Value | 33.13 | 40.69 | 48.48 | 55.91 | 59.00 | 66.22 | 77.10 | 84.59 | 79.05 | 95.87 | 101.21 | 116.44 | 116.44 |
| Cash Flow/Share | 3.32 | -0.48 | -0.98 | 3.54 | 4.16 | -5.08 | -9.90 | 26.04 | 38.70 | 7.74 | 0.87 | 5.33 | 10.26 |
| Dividends/Share | 0.44 | 0.48 | 0.52 | 0.57 | 0.64 | 0.72 | 0.80 | 0.88 | 1.00 | 1.12 | 1.24 | 1.36 | 1.40 |
| Shares Out. | 173.8M | 149.0M | 134.1M | 122.3M | 111.1M | 100.3M | 86.2M | 74.4M | 64.1M | 59.6M | 54.3M | 48.6M | 48.6M |
| Valuation | |||||||||||||
| P/E Ratio | 3.5 | 3.2 | 5.0 | 5.0 | 7.2 | 11.0 | 7.0 | 8.9 | 31.0 | 5.9 | 12.9 | 8.8 | 8.3 |
| P/FCF | 6.6 | N/A | N/A | 8.4 | 8.1 | N/A | N/A | 1.8 | 1.5 | 9.4 | 102.7 | 17.0 | 16.0 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 8.2 |
| Price/Book | 0.7 | 0.6 | 0.7 | 0.5 | 0.6 | 0.7 | 0.4 | 0.6 | 0.8 | 0.8 | 0.9 | 0.8 | 0.7 |
| Price/Sales | 1.7 | 1.5 | 1.9 | 2.4 | 3.7 | 4.1 | 2.1 | 3.8 | 4.8 | 2.5 | 5.1 | 3.8 | 3.7 |
| FCF Yield | 15.2% | -2.1% | -3.0% | 11.9% | 12.3% | -11.5% | -33.7% | 55.9% | 64.5% | 10.5% | 1.0% | 5.8% | 6.2% |
| Market Cap | 3.8B | 3.4B | 4.4B | 3.6B | 3.8B | 4.4B | 2.5B | 3.5B | 3.8B | 4.4B | 4.9B | 4.4B | 4.2B |
| Avg. Price | 19.62 | 22.05 | 23.53 | 34.18 | 33.20 | 39.59 | 27.38 | 43.29 | 54.01 | 57.31 | 80.84 | 85.79 | 85.36 |
| Year-End Price | 21.85 | 22.71 | 32.56 | 29.61 | 33.69 | 44.09 | 29.28 | 46.62 | 59.49 | 73.05 | 88.88 | 90.65 | 85.36 |
ASSURED GUARANTY LTD passes 4 of 9 quality checks, suggesting mixed fundamentals.
ASSURED GUARANTY LTD trades at 8.3x trailing earnings, compared to its 15-year median P/E of 8.0x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 16.2x vs a median of 8.2x. The company's 5-year average ROIC is 5.8% with a gross margin of 43.4%. Total shareholder yield (dividends + buybacks) is 13.7%. At current prices, the estimated annualized return to fair value is +5.5%.
ASSURED GUARANTY LTD (AGO) has a net profit margin of 45.0%. This is a strong margin indicating high profitability.
ASSURED GUARANTY LTD (AGO) generated $259 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
ASSURED GUARANTY LTD (AGO) has a debt-to-equity ratio of 0.30. This indicates a conservatively financed balance sheet.
ASSURED GUARANTY LTD (AGO) reported earnings per share (EPS) of $10.26 in its most recent fiscal year.
ASSURED GUARANTY LTD (AGO) has a return on equity (ROE) of 8.9%. This indicates moderate shareholder returns.
ASSURED GUARANTY LTD (AGO) has a 5-year average gross margin of 43.4%. This indicates decent pricing power.
The Ledger Terminal provides 16 years of financial data for ASSURED GUARANTY LTD (AGO), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
ASSURED GUARANTY LTD (AGO) has a book value per share of $116.44, based on its most recent annual SEC filing.