AFG Performance Update

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Below is an update of the performance of default AFG recommendations over the last 12 years. AFG has consistently identified companies that are more likely to out and underperform their respective benchmarks as seen in the large spread created between those companies AFG identifies as undervalued and those labeled as overvalued.

A brief description of some of the variables used in AFG strategies:

AFG's Valuation Metric – Measures the percent to target (deviation between a stock’s current trading price and its AFG current default target price). To derive the intrinsic value of a firm, AFG uses its proprietary Valuation Model (modified discounted cash flow model).

Economic Margin - A corporate performance measurement that addresses the gaps in GAAP, eliminating distortions caused by accounting policies to measure what a company is truly earning above or below their cost of capital.

Management Quality – Assesses management’s ability to make wealth creating decisions.
AFG's Value Universe - Companies in the AFG universe, which have MV/IC at the bottom 50% of the universe and have EPS estimates.