Invesco Ltd
Exchange: NYSESector: Financial ServicesIndustry: Asset Management
Invesco Ltd. is one of the world's leading asset management firms serving clients in more than 120 countries. With US $2.2 trillion in assets under management as of Dec. 31, 2025, we deliver a comprehensive range of investment capabilities across public, private, active, and passive. Our collaborative mindset, breadth of solutions and global scale mean we're well positioned to help retail and institutional investors rethink challenges and find new possibilities for success.
Current Price
$27.12
-1.42%GoodMoat Value
$58.11
114.3% undervaluedProfile
Valuation (TTM)
Market Cap$12.03B
P/E-11.03
EV$19.77B
P/B0.98
Shares Out443.67M
P/Sales1.83
Revenue$6.59B
EV/EBITDA—
Invesco Ltd (IVZ) Stock Analysis
GoodMoat Analysis
Invesco Ltd appears to be a deeply undervalued asset manager with a significant margin of safety, but it fails the initial quality gate due to negative profitability and returns. The stock trades at a steep discount to its estimated fair value, but the underlying business currently shows weak financial health.
Read full analysis
Invesco Ltd is a global asset management firm, a business model that can benefit from scale and brand advantages. Applying the GoodMoat framework, the company's moat is likely limited. It may score points for scale privilege and brand, but the asset management industry is highly competitive with relatively low switching costs for clients, making a durable moat score of 5+ challenging to achieve. More critically, the company fails the Quality Indicators in Section 2. Key metrics are weak: it is not GAAP profitable (EPS of -$1.6, Profit Margin of -11.4%), shows a negative ROE of -5.9%, and has a debt/equity ratio of 0.88. These metrics do not meet the thresholds for a 'High Quality' or even 'Adequate' rating, which is a prerequisite for further analysis under the Decision Framework (Step 1). However, the valuation assessment presents a stark contrast. The stock trades at a price of $24.17, which is approximately 58% below the GoodMoat Target of $57.02. This suggests a margin of safety well over 40%, placing it in the 'Deeply Undervalued' band. The high Free Cash Flow Yield of 13.3% also supports the valuation case. For a value investor, this creates a clear tension: the price is highly favourable, but the business currently lacks the financial strength typically required by the framework. Further investigation would need to focus on whether the weak profitability is a temporary, cyclical issue or a structural problem, and if a turnaround to sustainable high returns on capital is plausible. Analysis based on data as of 2024-05-15.
Market Cap$12.03B
Current Price$27.12
P/E Ratio-11.03
Forward P/E—
PEG Ratio-0.32
EPS$-1.60
Book Value$27.57
P/B Ratio0.98
IVZ Financial Charts
FCF vs CAPEX
FCFCAPEX
Forward estimates use 6.4% FCF growth (CAGR)
Cash vs Debt
Net Debt: 9.8B
Revenue
6.1B
FY19
6.1B
FY20
6.9B
FY21
6.0B
FY22
5.7B
FY23
6.1B
FY24
6.4B
FY25
Net Income
565M
FY19
525M
FY20
1.4B
FY21
684M
FY22
—
FY23
538M
FY24
—
FY25
IVZ 52-Week Range
$13.77
$28.98
50-Day MA: $24.66200-Day MA: $24.15
Did you know?
Free cash flow has been growing at 6.4% annually.
Invesco Ltd (IVZ) Financial Summary
Invesco Ltd (IVZ) is a Financial Services company in the Asset Management industry, listed on NYSE. The stock currently trades at $27.12 with a market capitalization of $12.03B.
Key valuation metrics include a P/E ratio of -11.03, price-to-book ratio of 0.98, and EPS of $-1.60. The company reports a profit margin of -10.1% and return on equity of -5.5%.
IVZ Key Financial Metrics
| Metric | Value |
|---|---|
| Market Cap | $12.03B |
| P/E Ratio | -11.03 |
| EPS | $-1.60 |
| P/B Ratio | 0.98 |
| P/S Ratio | 1.83 |
| Dividend Yield | 3.14% |
| Profit Margin | -10.1% |
| Return on Equity | -5.5% |
| Debt/Equity | 0.88 |
IVZ Revenue & Earnings History
| Year | Revenue | Net Income |
|---|---|---|
| FY19 | $6.12B | $564.70M |
| FY20 | $6.15B | $524.80M |
| FY21 | $6.89B | $1.39B |
| FY22 | $6.05B | $683.90M |
| FY23 | $5.72B | $-333.70M |
| FY24 | $6.07B | $538.00M |
| FY25 | $6.38B | $-726.30M |
Invesco Ltd (IVZ) Valuation
Based on GoodMoat's DCF model, Invesco Ltd has a fair value estimate of $58.11. At the current price of $27.12, the stock appears 53.3% undervalued relative to our intrinsic value estimate.
IVZ Quality Indicators
Invesco Ltd maintains a profit margin of -10.1% and an operating margin of -10.9%. Return on equity stands at -5.5%. Debt-to-equity ratio is 0.88.
About Invesco Ltd
Invesco Ltd. is one of the world's leading asset management firms serving clients in more than 120 countries. With US $2.2 trillion in assets under management as of Dec. 31, 2025, we deliver a comprehensive range of investment capabilities across public, private, active, and passive. Our collaborative mindset, breadth of solutions and global scale mean we're well positioned to help retail and institutional investors rethink challenges and find new possibilities for success.
IVZ Free Cash Flow
Invesco Ltd generated $1.44B in trailing twelve-month free cash flow, representing an FCF yield of 11.98%. This strong FCF yield suggests the company generates substantial cash relative to its market value.
IVZ Shares Outstanding
Invesco Ltd has 0.44 billion shares outstanding at a share price of $27.12, giving it a market capitalization of $12.03B.