Fundamentals snapshot
IVZ · NYQ · Financial Services · Asset Management
Current price
$28.91
52-week range
$21.82 - $33.66
Market cap
$12.71B
One-glance verdict
We don't put a cash-flow fair value on banks and insurers. For these companies the reported 'cash flow' is really just money moving between loans, deposits and trades — not the leftover profit the owners could actually pocket — so the usual method would print a misleading number.
Balance sheet
Net debt $315.80M. Interest coverage shows how many times profit covers the interest bill.
What stands out
What this company does
Invesco is a company that manages money for other people and organizations, like retirement funds and wealthy individuals. They make money primarily by charging fees on the investments they manage, and this is important because it shows how much they earn from their core business of investing for others. This type of income, from ongoing services, is sometimes called recurring revenue (money that is expected to continue coming in regularly).
Invesco's story began in 1935 in the UK as H. Lotery & Co. Ltd., a firm focused on advisory services. The company's journey in the U.S. started in 1978 when a group led by Charles Brady acquired its money management operations. Over the decades, Invesco grew through a series of strategic acquisitions, including AIM Management Group in 1997 and OppenheimerFunds in 2019, significantly expanding its global reach and product offerings. The company rebranded to its current name, Invesco Ltd., in 2007 and is now headquartered in Atlanta, Georgia, with a presence in numerous countries worldwide.
Invesco is a global investment management company that helps individuals and institutions grow their wealth. Think of them as a financial chef, offering a wide menu of investment options like stocks, bonds, and other assets. They manage these investments on behalf of clients, aiming to achieve specific financial goals, whether it's saving for retirement or growing a large institutional fund. Invesco offers these services through various products such as mutual funds, exchange-traded funds (ETFs), and separately managed accounts.
This is one of Invesco's most well-known areas, particularly through its Invesco QQQ ETF, which tracks the Nasdaq-100 index. ETFs are like baskets of investments that trade on stock exchanges, similar to individual stocks. Invesco offers a wide variety, including those focused on broad markets, specific sectors, commodities, and fixed income. These funds are popular because they offer diversification and can be traded throughout the day.
Invesco manages a variety of traditional mutual funds, which are pooled investment vehicles managed by professionals. These funds can focus on different asset classes like equities (stocks) or fixed income (bonds). They also offer cross-border funds, which are structured to be accessible to investors in different countries. These products are designed for both individual investors saving for goals like retirement and for larger institutions.
This segment involves Invesco managing large pools of money directly for institutional clients, such as pension funds, insurance companies, and sovereign wealth funds. A separate account is a customized investment portfolio managed specifically for a single client, according to their unique investment objectives and risk tolerance. This allows for highly tailored investment strategies.
Invesco is increasingly focusing on areas like private credit and real estate investments. Private credit involves lending money to companies that are not publicly traded, while real estate investments involve owning and managing properties. These are considered alternative investments because they differ from traditional stocks and bonds and can offer different risk and return characteristics.
Invesco's current strategy emphasizes growth in areas that are harder to standardize, such as private markets, real estate, and multi-asset solutions. They are also focusing on products tailored for wealth management clients. The goal is to improve their revenue mix by expanding in these higher-fee areas, which can offer more attractive profit margins compared to simpler investment products. Additionally, the company is working to simplify its operations and maintain cost discipline to protect its profitability.
Price history
Earnings history
Click any quarter to read the call summary and what the numbers say.
Is it cheap or expensive?
For a bank or insurer, the "free cash flow" shown on its statements is mostly money flowing through loans, deposits and trades — not the leftover profit the owners could actually keep, which is what this kind of valuation needs. Running that through the usual method would spit out a meaningless number, so we leave the cash-flow fair value out here rather than show you something misleading.
Is it drowning in debt?
Net debt $315.8M. Interest coverage -8.4x.
Invesco Ltd.'s profit covers its interest bill about 0.0 times over. which is weaker than most peers shown here.
Total debt $1.28B Interest coverage -8.43x This is the baseline the peer rows are being compared against.
Total debt $3.57B Interest coverage 11.59x This peer still has a real interest-payment cushion, while IVZ does not.
Total debt $3.91B Interest coverage 14.82x This peer still has a real interest-payment cushion, while IVZ does not.
Total debt $69.30M Interest coverage 1,030.07x This peer still has a real interest-payment cushion, while IVZ does not.
What you should know
The numbers
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Valuation
Profitability
Health
Growth
Cash flow
Dividend
Metric explainer
Debt comparison
What you should know