Forecast

Financial forecast

Project revenue, EBITDA, net income and free cash flow for the next 5 or 10 years. Growth starts at the same rate the valuation uses and fades to the long-run rate, with margins held at today's level. Bear and bull cases move growth by the company's own revenue volatility. It is a model of what the assumptions imply, not a prediction.

Ameriprise Financial (AMP)

Price updated 06 Nov 2026 09:55; TTM through 30 Sep 2026; TTM financials updated 05 Nov 2026 16:05.

Starts from TTM through 30 Sep 2026 financials in USD and a share price of USD 509.32. Growth begins at 6.5% a year (the valuation's blended assumption) and fades to 2.4% by year 10. Margins held at EBITDA 28.7%, net 20.7%, free cash flow 36.8% of revenue. Bear and bull move starting growth by 2.0 points and long-run growth by 1 point.

For banks, insurers and holding companies, revenue and cash flow mix in interest and investment flows. Read net income rather than free cash flow.
Year 1 uses analyst consensus revenue growth (5.8%); year 2 is halfway back to the model's own path.
USD 538.65Model fair value (Earnings-based DCF); range USD 399.09 to USD 789.18
6%Fair value vs today's price
LowModel confidence
25%Share of the gap to fair value the price closes by year 5

Confidence: Dividend discount model disagrees strongly; trailing-twelve-month data; profit and cash flow steady for 3 years; value is more than 1.5x the Dividend discount model value.

5.6%/yrModel-implied annual total return over 10 years, base case (price plus dividends). Raw model level; the screener shows a calibrated ranking instead
USD 30.70BRevenue in year 10 (base)
USD 6.37BNet income in year 10 (base)
USD 11.30BFree cash flow in year 10 (base)
USD 10.05Dividend per share in year 10 (base)
USD 790.63Implied share price in year 10 (base), today USD 509.32
24.3%Year-10 free cash flow per share vs today's price

Net income over time

USD 0 USD 1.84B USD 3.68B USD 5.52B USD 7.36B FY2022 FY2023 FY2024 FY2025 TTM through 30 Sep 2026 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
Solid: reported Dashed: base projection Shaded: bear to bull range
Net income in year 10 by scenario
CaseStarting growthYear 10Annual growth
Bear 3.7% USD 5.50B 2.8%
Base 5.8% USD 6.37B 4.3%
Bull 7.8% USD 7.36B 5.9%

Base case by year

YearGrowthRevenueEBITDANet incomeFree cash flowEPSFCF / shareDividend / shareBook / shareImplied price
TTM through 30 Sep 2026– USD 20.06BUSD 5.75BUSD 4.16BUSD 7.38B 45.5480.756.5655.91509.32
Year 15.8% USD 21.22BUSD 6.08BUSD 4.40BUSD 7.81B 48.1585.406.9497.12540.16
Year 25.9% USD 22.47BUSD 6.44BUSD 4.66BUSD 8.27B 50.9990.437.35140.76573.61
Year 35.6% USD 23.72BUSD 6.80BUSD 4.92BUSD 8.73B 53.8395.477.76186.83607.31
Year 45.1% USD 24.93BUSD 7.15BUSD 5.17BUSD 9.17B 56.59100.358.16235.26640.22
Year 54.7% USD 26.10BUSD 7.48BUSD 5.41BUSD 9.60B 59.23105.048.54285.95672.01
Year 64.2% USD 27.20BUSD 7.80BUSD 5.64BUSD 10.00B 61.72109.468.90338.78700.32
Year 73.8% USD 28.22BUSD 8.09BUSD 5.85BUSD 10.38B 64.05113.589.23393.59726.66
Year 83.3% USD 29.15BUSD 8.36BUSD 6.05BUSD 10.72B 66.16117.339.54450.21750.68
Year 92.9% USD 29.98BUSD 8.60BUSD 6.22BUSD 11.03B 68.05120.689.81508.45772.10
Year 102.4% USD 30.70BUSD 8.81BUSD 6.37BUSD 11.30B 69.68123.5810.05568.09790.63

EPS and free cash flow per share assume today's share count. Dividends assume today's payout ratio and book value grows with retained earnings. The implied share price follows the valuation models and is not a price target; override growth settings do not change the model fair value. Margins stay at today's level except where the notes say they drift toward their average, so it does not model margin expansion, buybacks, acquisitions or recessions. It is for information and education only and is not investment advice. See the methodology for how the growth rate is blended.