ASSETMARK FINANCIAL HOLDINGS (AMK)
US04546L1061 - Common Stock
Overall AMK gets a fundamental rating of 6 out of 10. We evaluated AMK against 212 industry peers in the Capital Markets industry. AMK gets an excellent profitability rating and is at the same time showing great financial health properties. AMK has a correct valuation and a medium growth rate. This makes AMK very considerable for quality investing!
1. Profitability
1.1 Basic Checks
AMK had positive earnings in the past year.
AMK had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: AMK reported negative net income in multiple years.
In the past 5 years AMK always reported a positive cash flow from operatings.
1.2 Ratios
With a decent Return On Assets value of 8.69%, AMK is doing good in the industry, outperforming 80.00% of the companies in the same industry.
AMK has a Return On Equity of 10.99%. This is comparable to the rest of the industry: AMK outperforms 54.29% of its industry peers.
AMK has a better Return On Invested Capital (9.50%) than 82.38% of its industry peers.
The Average Return On Invested Capital over the past 3 years for AMK is in line with the industry average of 8.46%.
The 3 year average ROIC (6.53%) for AMK is below the current ROIC(9.50%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.69% | ||
| ROE | 10.99% | ||
| ROIC | 9.5% |
ROA(3y)5.44%
ROA(5y)3.13%
ROE(3y)7.14%
ROE(5y)4.1%
ROIC(3y)6.53%
ROIC(5y)4.35%
1.3 Margins
AMK has a Profit Margin (19.93%) which is comparable to the rest of the industry.
In the last couple of years the Profit Margin of AMK has grown nicely.
Looking at the Operating Margin, with a value of 28.02%, AMK is in line with its industry, outperforming 47.62% of the companies in the same industry.
In the last couple of years the Operating Margin of AMK has grown nicely.
Looking at the Gross Margin, with a value of 77.17%, AMK is in the better half of the industry, outperforming 78.10% of the companies in the same industry.
In the last couple of years the Gross Margin of AMK has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 28.02% | ||
| PM (TTM) | 19.93% | ||
| GM | 77.17% |
OM growth 3Y173.66%
OM growth 5Y12.1%
PM growth 3YN/A
PM growth 5Y11.06%
GM growth 3Y3.85%
GM growth 5Y2.66%
2. Health
2.1 Basic Checks
AMK has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, AMK has more shares outstanding
Compared to 1 year ago, AMK has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 5.68 indicates that AMK is not in any danger for bankruptcy at the moment.
AMK has a Altman-Z score of 5.68. This is amongst the best in the industry. AMK outperforms 86.67% of its industry peers.
AMK has a debt to FCF ratio of 0.68. This is a very positive value and a sign of high solvency as it would only need 0.68 years to pay back of all of its debts.
The Debt to FCF ratio of AMK (0.68) is better than 87.14% of its industry peers.
AMK has a Debt/Equity ratio of 0.07. This is a healthy value indicating a solid balance between debt and equity.
AMK has a better Debt to Equity ratio (0.07) than 81.90% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.07 | ||
| Debt/FCF | 0.68 | ||
| Altman-Z | 5.68 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 4.65 indicates that AMK has no problem at all paying its short term obligations.
The Current ratio of AMK (4.65) is better than 87.14% of its industry peers.
AMK has a Quick Ratio of 4.65. This indicates that AMK is financially healthy and has no problem in meeting its short term obligations.
Looking at the Quick ratio, with a value of 4.65, AMK belongs to the top of the industry, outperforming 87.14% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 4.65 | ||
| Quick Ratio | 4.65 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 24.21% over the past year.
AMK shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 23.75% yearly.
AMK shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 11.68%.
Measured over the past years, AMK shows a quite strong growth in Revenue. The Revenue has been growing by 14.27% on average per year.
EPS 1Y (TTM)24.21%
EPS 3Y31.37%
EPS 5Y23.75%
EPS growth Q2Q13.21%
Revenue 1Y (TTM)11.68%
Revenue growth 3Y17.92%
Revenue growth 5Y14.27%
Revenue growth Q2Q9.69%
3.2 Future
The Earnings Per Share is expected to grow by 7.93% on average over the next years.
Based on estimates for the next years, AMK will show a small growth in Revenue. The Revenue will grow by 4.07% on average per year.
EPS Next Y15.52%
EPS Next 2Y11.09%
EPS Next 3Y7.92%
EPS Next 5Y7.93%
Revenue Next Year-4.07%
Revenue Next 2Y1.78%
Revenue Next 3Y1.59%
Revenue Next 5Y4.07%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 14.38, AMK is valued correctly.
AMK's Price/Earnings is on the same level as the industry average.
When comparing the Price/Earnings ratio of AMK to the average of the S&P500 Index (28.60), we can say AMK is valued slightly cheaper.
AMK is valuated correctly with a Price/Forward Earnings ratio of 12.01.
Compared to the rest of the industry, the Price/Forward Earnings ratio of AMK is on the same level as its industry peers.
The average S&P500 Price/Forward Earnings ratio is at 20.15. AMK is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.38 | ||
| Fwd PE | 12.01 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, AMK is valued cheaply inside the industry as 85.24% of the companies are valued more expensively.
The rest of the industry has a similar Price/Free Cash Flow ratio as AMK.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 18.44 | ||
| EV/EBITDA | 9.73 |
4.3 Compensation for Growth
AMK's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
AMK has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)0.93
PEG (5Y)0.61
EPS Next 2Y11.09%
EPS Next 3Y7.92%
5. Dividend
5.1 Amount
AMK does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
ASSETMARK FINANCIAL HOLDINGS
NYSE:AMK (5/17/2024, 7:04:00 PM)
After market: 33.94 0 (0%)33.94
-0.07 (-0.21%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap2.53B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
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EPS beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
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Revenue NY rev (1m)
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Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.38 | ||
| Fwd PE | 12.01 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)0.93
PEG (5Y)0.61
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.69% | ||
| ROE | 10.99% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 28.02% | ||
| PM (TTM) | 19.93% | ||
| GM | 77.17% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.44
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.07 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 4.65 | ||
| Quick Ratio | 4.65 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)24.21%
EPS 3Y31.37%
EPS 5Y
EPS growth Q2Q
EPS Next Y15.52%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)11.68%
Revenue growth 3Y17.92%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
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OCF growth 3Y
OCF growth 5Y