AMP · NYQ · Financial Services
Ameriprise Financial, Inc.
Also onShortfallConsensus DriftCrosscheck
Implied value per share
USD 433.52
Market price
USD 504.31
Implied upside
-14.0%
10-year forecast · Excess returns over book equity · Base case · Price 2026-11-02 · Accounts to 2025-12-31
NoteA financial, valued on excess returns over book equity.
Excess Returns
- Return on equity
- 68.2%
- Payout
- 17%
- Cost of equity
- 9.46%
- Return on equity by the final year
- 20.0%
| Line | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 | FY32 | FY33 | FY34 | FY35 |
|---|---|---|---|---|---|---|---|---|---|---|
| Opening book equity | USD 6.5bn | USD 7.7bn | USD 9.0bn | USD 10.4bn | USD 11.7bn | USD 13.0bn | USD 14.3bn | USD 15.4bn | USD 16.3bn | USD 17.0bn |
| Return on equity | 63.3% | 58.5% | 53.7% | 48.9% | 44.1% | 39.3% | 34.4% | 29.6% | 24.8% | 20.0% |
| Excess return | USD 3.5bn | USD 3.8bn | USD 4.0bn | USD 4.1bn | USD 4.0bn | USD 3.9bn | USD 3.6bn | USD 3.1bn | USD 2.5bn | USD 1.8bn |
| Present value | USD 3.2bn | USD 3.2bn | USD 3.0bn | USD 2.8bn | USD 2.6bn | USD 2.3bn | USD 1.9bn | USD 1.5bn | USD 1.1bn | USD 724.5m |
| Book equity | USD 6.5bn |
| Present value of excess returns | USD 22.3bn |
| Terminal, growing at 2.50% | USD 10.7bn |
| Equity value | USD 39.6bn |
| Per share | USD 433.52 |
Discount Rate
| Risk-free rate | 4.89% | US 10-year Treasury (^TNX), 2026-11-02 |
| Equity risk premium | 4.23% | Damodaran, January 2026 |
| Beta | 1.079 | Reported 1.118, pulled toward 1.0 (Blume) |
| Cost of equity | 9.46% | Risk-free + beta x equity risk premium |
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Yahoo Finance and RBA data. General information, not advice. Methodology.