Financials Ameriprise Financial, Inc.

Equities

AMP

US03076C1062

Investment Management & Fund Operators

Market Closed - Nyse Other stock markets 01:30:02 19/07/2025 am IST			5-day change	1st Jan Change
544.55 ^USD	+0.88%		+1.54%	+2.28%

15/07	Jefferies Adjusts Ameriprise Financial Price Target to $624 From $605, Maintains Buy Rating	MT
15/07	Evercore ISI Adjusts Ameriprise Financial Price Target to $587 From $562	MT

Projected Income Statement: Ameriprise Financial, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	11,829	13,861	14,264	15,387	17,079	17,686	18,604	19,619
Change	-	17.18%	2.91%	7.87%	11%	3.55%	5.19%	5.46%
EBITDA ¹	2,200	3,639	3,420	4,414	4,595	5,595	5,370	5,603
Change	-	65.41%	-6.02%	29.06%	4.1%	21.77%	-4.02%	4.33%
EBIT ¹	1,993	3,304	3,391	3,936	4,436	4,875	4,994	5,265
Change	-	65.78%	2.63%	16.07%	12.7%	9.91%	2.44%	5.41%
Interest Paid ¹	-162	-191	-198	-149	-195	-174	-174.2	-172.5
Earnings before Tax (EBT) ¹	1,831	3,350	3,182	3,234	4,267	4,163	4,702	4,820
Change	-	82.96%	-5.01%	1.63%	31.94%	-2.45%	12.96%	2.51%
Net income ¹	1,534	2,760	2,559	2,556	3,401	3,333	3,752	3,829
Change	-	79.92%	-7.28%	-0.12%	33.06%	-2.01%	12.6%	2.04%
Announcement Date	27/01/21	26/01/22	25/01/23	24/01/24	29/01/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1
Net sales ¹	2,765	2,977	3,136	3,254	3,387	3,515	3,705	3,595	3,479	3,545	3,645	3,698	3,826	3,915	3,948	4,100	4,171	4,345	4,463	4,309	4,331	4,426	4,527	4,543	4,625	4,716	4,806	-
Change	-	7.67%	5.34%	3.76%	4.09%	3.78%	5.41%	-2.97%	-3.23%	1.9%	2.82%	1.45%	3.46%	2.33%	0.84%	3.85%	1.73%	4.17%	2.72%	-3.45%	0.51%	2.2%	2.29%	0.34%	1.8%	1.96%	1.92%	-
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	-	-	-	-	-	850	-	840	840	-	973	978	1,022	956	980	1,078	1,117	1,046	1,195	1,151	1,169	1,209	1,219	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	0%	-	-	0.51%	4.5%	-6.46%	2.51%	10%	3.62%	-6.36%	14.24%	-3.68%	1.54%	3.42%	0.89%	-	-	-	-	-
Charge d'intérêts ¹	-41	-37	-38	-42	-43	-64	-42	-40	-44	-52	-62	-32	-39	-39	-39	-82	-34	-40	-35	-80	-44.6	-44.2	-44	-46.5	-46.5	-46.5	-46.5	-47
Earnings before Tax (EBT) ¹	-526	-184	190	-	-	1,270	866	923	955	685	619	496	1,127	1,117	494	1,219	1,051	645	1,352	687	1,136	1,190	1,212	1,173	1,236	1,312	1,319	-
Change	-	65.02%	203.26%	-	-	-	-31.81%	6.58%	3.47%	-28.27%	-9.64%	-19.87%	127.22%	-0.89%	-55.77%	146.76%	-13.78%	-38.63%	109.61%	-49.19%	65.31%	4.83%	1.76%	-3.18%	5.37%	6.15%	0.53%	-
Net income ¹	-539	-140	177	437	591	1,031	701	761	756	548	494	417	890	872	377	990	829	511	1,071	583	895.7	942	959.3	927	976	1,037	1,042	-
Change	-	74.03%	226.43%	146.89%	35.24%	74.45%	-32.01%	8.56%	-0.66%	-27.51%	-9.85%	-15.59%	113.43%	-2.02%	-56.77%	162.6%	-16.26%	-38.36%	109.59%	-45.56%	53.63%	5.17%	1.84%	-3.37%	5.29%	6.25%	0.48%	-
Announcement Date	29/07/20	28/10/20	27/01/21	26/04/21	26/07/21	26/10/21	26/01/22	25/04/22	26/07/22	25/10/22	25/01/23	24/04/23	26/07/23	25/10/23	24/01/24	22/04/24	24/07/24	23/10/24	29/01/25	24/04/25	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Ameriprise Financial, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	-3,720	-4,095	-3,942	-3,877	-5,106	-10,216	-11,925	-13,745
Change	-	-10.08%	3.74%	1.65%	-31.7%	-100.08%	-16.73%	-15.26%
Announcement Date	27/01/21	26/01/22	25/01/23	24/01/24	29/01/25	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Ameriprise Financial, Inc.

Fiscal Period: December	2021	2023	2025	2026	2027
CAPEX ¹	120	184	314.4	321.7	-
Change	-	-	-	2.33%	-100%
Free Cash Flow (FCF) ¹	-	4,501	3,004	3,128	-
Change	-	-	-	4.15%	-100%
Announcement Date	26/01/22	24/01/24	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Ameriprise Financial, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	18.6%	26.25%	23.98%	28.69%	26.9%	31.64%	28.87%	28.56%
EBIT Margin (%)	16.85%	23.84%	23.77%	25.58%	25.97%	27.57%	26.85%	26.83%
EBT Margin (%)	15.48%	24.17%	22.31%	21.02%	24.98%	23.54%	25.27%	24.57%
Net margin (%)	12.97%	19.91%	17.94%	16.61%	19.91%	18.84%	20.17%	19.52%
FCF margin (%)	-	-	-	29.25%	-	16.98%	16.82%	-
FCF / Net Income (%)	-	-	-	176.1%	-	90.13%	83.37%	-
Profitability
ROA	1.11%	1.61%	1.53%	1.53%	1.91%	3.3%	3.2%	3.2%
ROE	30.2%	50.6%	45.9%	48.5%	51.6%	53.59%	50.77%	48.4%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	-	0.87%	-	1.2%	-	1.78%	1.73%	-
CAPEX / EBITDA (%)	-	3.3%	-	4.17%	-	5.62%	5.99%	-
CAPEX / FCF (%)	-	-	-	4.09%	-	10.47%	10.28%	-
Items per share
Cash flow per share ¹	36.78	27.71	38.76	-	-	-	-	-
Change	-	-24.66%	39.89%	-	-	-	-	-
Dividend per Share ¹	4.09	4.52	4.88	5.3	5.79	6.199	6.703	6.998
Change	-	10.51%	7.96%	8.61%	9.25%	7.06%	8.13%	4.4%
Book Value Per Share ¹	52.85	48.5	33.42	44.74	54.35	66.31	78.77	103.9
Change	-	-8.23%	-31.09%	33.86%	21.47%	22.02%	18.79%	31.96%
EPS ¹	12.2	23	22.51	23.71	33.05	33.85	40	42.99
Change	-	88.52%	-2.13%	5.33%	39.39%	2.43%	18.15%	7.49%
Nbr of stocks (in thousands)	1,17,978	1,11,890	1,06,417	1,01,196	97,015	95,223	95,223	95,223
Announcement Date	27/01/21	26/01/22	25/01/23	24/01/24	29/01/25	-	-	-