ANTERO MIDSTREAM CORP (AM) Fundamental Analysis & Valuation

NYSE:AM • US03676B1026

Current stock price

23.19 USD
-0.36 (-1.53%)
At close:
23.01 USD
-0.18 (-0.78%)
After Hours:

This AM fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

8

1. AM Profitability Analysis

1.1 Basic Checks

  • In the past year AM was profitable.
  • In the past year AM had a positive cash flow from operations.
  • Each year in the past 5 years AM has been profitable.
  • Each year in the past 5 years AM had a positive operating cash flow.
AM Yearly Net Income VS EBIT VS OCF VS FCFAM Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M 400M 600M 800M

1.2 Ratios

  • AM's Return On Assets of 7.01% is fine compared to the rest of the industry. AM outperforms 76.08% of its industry peers.
  • AM has a better Return On Equity (20.92%) than 86.60% of its industry peers.
  • The Return On Invested Capital of AM (9.28%) is better than 80.86% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for AM is significantly below the industry average of 23.05%.
  • The last Return On Invested Capital (9.28%) for AM is above the 3 year average (8.61%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 7.01%
ROE 20.92%
ROIC 9.28%
ROA(3y)6.81%
ROA(5y)6.41%
ROE(3y)19.03%
ROE(5y)17.29%
ROIC(3y)8.61%
ROIC(5y)8.08%
AM Yearly ROA, ROE, ROICAM Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100 -100

1.3 Margins

  • AM has a Profit Margin of 34.72%. This is amongst the best in the industry. AM outperforms 89.00% of its industry peers.
  • In the last couple of years the Profit Margin of AM has remained more or less at the same level.
  • AM's Operating Margin of 61.62% is amongst the best of the industry. AM outperforms 94.26% of its industry peers.
  • In the last couple of years the Operating Margin of AM has remained more or less at the same level.
  • AM has a better Gross Margin (80.49%) than 90.91% of its industry peers.
Industry RankSector Rank
OM 61.62%
PM (TTM) 34.72%
GM 80.49%
OM growth 3Y1.54%
OM growth 5Y-0.14%
PM growth 3Y-0.65%
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
AM Yearly Profit, Operating, Gross MarginsAM Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40 -40 60 80

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ROAROEROICOperating and Profit MarginShow most profitable peers

6

2. AM Health Analysis

2.1 Basic Checks

  • AM has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • AM has less shares outstanding than it did 1 year ago.
  • The number of shares outstanding for AM has been reduced compared to 5 years ago.
  • AM has a worse debt/assets ratio than last year.
AM Yearly Shares OutstandingAM Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M
AM Yearly Total Debt VS Total AssetsAM Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B

2.2 Solvency

  • An Altman-Z score of 2.38 indicates that AM is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • AM has a better Altman-Z score (2.38) than 70.81% of its industry peers.
  • The Debt to FCF ratio of AM is 4.18, which is a neutral value as it means it would take AM, 4.18 years of fcf income to pay off all of its debts.
  • AM has a Debt to FCF ratio of 4.18. This is in the better half of the industry: AM outperforms 72.25% of its industry peers.
  • AM has a Debt/Equity ratio of 1.63. This is a high value indicating a heavy dependency on external financing.
  • Looking at the Debt to Equity ratio, with a value of 1.63, AM is doing worse than 73.21% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.63
Debt/FCF 4.18
Altman-Z 2.38
ROIC/WACC1.17
WACC7.94%
AM Yearly LT Debt VS Equity VS FCFAM Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B

2.3 Liquidity

  • AM has a Current Ratio of 3.41. This indicates that AM is financially healthy and has no problem in meeting its short term obligations.
  • AM has a better Current ratio (3.41) than 85.17% of its industry peers.
  • AM has a Quick Ratio of 3.41. This indicates that AM is financially healthy and has no problem in meeting its short term obligations.
  • AM has a better Quick ratio (3.41) than 85.17% of its industry peers.
Industry RankSector Rank
Current Ratio 3.41
Quick Ratio 3.41
AM Yearly Current Assets VS Current LiabilitesAM Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. AM Growth Analysis

3.1 Past

  • AM shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 26.51%, which is quite impressive.
  • The Earnings Per Share has been growing by 13.26% on average over the past years. This is quite good.
  • Looking at the last year, AM shows a small growth in Revenue. The Revenue has grown by 7.43% in the last year.
  • The Revenue has been growing slightly by 5.70% on average over the past years.
EPS 1Y (TTM)26.51%
EPS 3Y13.26%
EPS 5YN/A
EPS Q2Q%30.43%
Revenue 1Y (TTM)7.43%
Revenue growth 3Y8.91%
Revenue growth 5Y5.7%
Sales Q2Q%3.31%

3.2 Future

  • AM is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 10.89% yearly.
  • Based on estimates for the next years, AM will show a small growth in Revenue. The Revenue will grow by 6.74% on average per year.
EPS Next Y11.5%
EPS Next 2Y12.05%
EPS Next 3Y10.89%
EPS Next 5YN/A
Revenue Next Year7.31%
Revenue Next 2Y7.02%
Revenue Next 3Y6.74%
Revenue Next 5YN/A

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 stable.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
AM Yearly Revenue VS EstimatesAM Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 500M 1B
AM Yearly EPS VS EstimatesAM Yearly EPS VS EstimatesYearly EPS VS Estimates 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 0.5 -0.5 1

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3

4. AM Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 22.09, which indicates a rather expensive current valuation of AM.
  • AM's Price/Earnings ratio is in line with the industry average.
  • Compared to an average S&P500 Price/Earnings ratio of 25.23, AM is valued at the same level.
  • Based on the Price/Forward Earnings ratio of 19.81, the valuation of AM can be described as rather expensive.
  • AM's Price/Forward Earnings ratio is in line with the industry average.
  • When comparing the Price/Forward Earnings ratio of AM to the average of the S&P500 Index (22.51), we can say AM is valued inline with the index average.
Industry RankSector Rank
PE 22.09
Fwd PE 19.81
AM Price Earnings VS Forward Price EarningsAM Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, AM is valued a bit more expensive than 60.29% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, AM is valued a bit cheaper than the industry average as 74.16% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 14.24
EV/EBITDA 15.13
AM Per share dataAM EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 1 2 3 4

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates AM does not grow enough to justify the current Price/Earnings ratio.
  • The excellent profitability rating of AM may justify a higher PE ratio.
PEG (NY)1.92
PEG (5Y)N/A
EPS Next 2Y12.05%
EPS Next 3Y10.89%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. AM Dividend Analysis

5.1 Amount

  • AM has a Yearly Dividend Yield of 3.90%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 3.29, AM pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.90, AM pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.9%

5.2 History

  • The dividend of AM decreases each year by -5.58%.
  • AM has been paying a dividend for at least 10 years, so it has a reliable track record.
  • AM has decreased its dividend in the last 3 years.
Dividend Growth(5Y)-5.58%
Div Incr Years1
Div Non Decr Years2
AM Yearly Dividends per shareAM Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.2 0.4 0.6 0.8 1

5.3 Sustainability

  • 106.53% of the earnings are spent on dividend by AM. This is not a sustainable payout ratio.
DP106.53%
EPS Next 2Y12.05%
EPS Next 3Y10.89%
AM Yearly Income VS Free CF VS DividendAM Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M 400M 600M
AM Dividend Payout.AM Dividend Payout, showing the Payout Ratio.AM Dividend Payout.PayoutRetained Earnings

More info and screens

Find the best dividend stocksShow peers with best dividend

AM Fundamentals: All Metrics, Ratios and Statistics

ANTERO MIDSTREAM CORP

NYSE:AM (3/27/2026, 5:12:09 PM)

After market: 23.01 -0.18 (-0.78%)

23.19

-0.36 (-1.53%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-11
Earnings (Next)04-28
Inst Owners59.7%
Inst Owner Change1.03%
Ins Owners1.42%
Ins Owner Change0.57%
Market Cap10.97B
Revenue(TTM)1.19B
Net Income(TTM)412.61M
Analysts46.25
Price Target20.06 (-13.5%)
Short Float %3.26%
Short Ratio3.67
Dividend
Industry RankSector Rank
Dividend Yield 3.9%
Yearly Dividend0.92
Dividend Growth(5Y)-5.58%
DP106.53%
Div Incr Years1
Div Non Decr Years2
Ex-Date01-28
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)2.35%
Min EPS beat(2)-8.88%
Max EPS beat(2)13.58%
EPS beat(4)2
Avg EPS beat(4)1.54%
Min EPS beat(4)-8.88%
Max EPS beat(4)13.58%
EPS beat(8)2
Avg EPS beat(8)-5.17%
EPS beat(12)2
Avg EPS beat(12)-6.22%
EPS beat(16)2
Avg EPS beat(16)-6.85%
Revenue beat(2)0
Avg Revenue beat(2)-1.11%
Min Revenue beat(2)-1.19%
Max Revenue beat(2)-1.03%
Revenue beat(4)2
Avg Revenue beat(4)0.02%
Min Revenue beat(4)-1.19%
Max Revenue beat(4)1.64%
Revenue beat(8)3
Avg Revenue beat(8)-0.55%
Revenue beat(12)3
Avg Revenue beat(12)-1.65%
Revenue beat(16)3
Avg Revenue beat(16)-3.01%
PT rev (1m)3.51%
PT rev (3m)4.89%
EPS NQ rev (1m)-4.59%
EPS NQ rev (3m)-4.59%
EPS NY rev (1m)-4.6%
EPS NY rev (3m)-4.29%
Revenue NQ rev (1m)-0.74%
Revenue NQ rev (3m)-0.74%
Revenue NY rev (1m)-0.08%
Revenue NY rev (3m)1.85%
Valuation
Industry RankSector Rank
PE 22.09
Fwd PE 19.81
P/S 9.23
P/FCF 14.24
P/OCF 11.77
P/B 5.56
P/tB 12.22
EV/EBITDA 15.13
EPS(TTM)1.05
EY4.53%
EPS(NY)1.17
Fwd EY5.05%
FCF(TTM)1.63
FCFY7.02%
OCF(TTM)1.97
OCFY8.5%
SpS2.51
BVpS4.17
TBVpS1.9
PEG (NY)1.92
PEG (5Y)N/A
Graham Number9.92
Profitability
Industry RankSector Rank
ROA 7.01%
ROE 20.92%
ROCE 12.69%
ROIC 9.28%
ROICexc 9.58%
ROICexgc 11.86%
OM 61.62%
PM (TTM) 34.72%
GM 80.49%
FCFM 64.81%
ROA(3y)6.81%
ROA(5y)6.41%
ROE(3y)19.03%
ROE(5y)17.29%
ROIC(3y)8.61%
ROIC(5y)8.08%
ROICexc(3y)8.71%
ROICexc(5y)8.14%
ROICexgc(3y)10.93%
ROICexgc(5y)10.38%
ROCE(3y)11.77%
ROCE(5y)11.04%
ROICexgc growth 3Y9.64%
ROICexgc growth 5Y3.46%
ROICexc growth 3Y11.22%
ROICexc growth 5Y5.26%
OM growth 3Y1.54%
OM growth 5Y-0.14%
PM growth 3Y-0.65%
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score7
Asset Turnover0.2
Health
Industry RankSector Rank
Debt/Equity 1.63
Debt/FCF 4.18
Debt/EBITDA 3.44
Cap/Depr 79.16%
Cap/Sales 13.65%
Interest Coverage 3.9
Cash Conversion 99.49%
Profit Quality 186.67%
Current Ratio 3.41
Quick Ratio 3.41
Altman-Z 2.38
F-Score7
WACC7.94%
ROIC/WACC1.17
Cap/Depr(3y)94.4%
Cap/Depr(5y)133.53%
Cap/Sales(3y)17.74%
Cap/Sales(5y)27.04%
Profit Quality(3y)165.75%
Profit Quality(5y)139.56%
High Growth Momentum
Growth
EPS 1Y (TTM)26.51%
EPS 3Y13.26%
EPS 5YN/A
EPS Q2Q%30.43%
EPS Next Y11.5%
EPS Next 2Y12.05%
EPS Next 3Y10.89%
EPS Next 5YN/A
Revenue 1Y (TTM)7.43%
Revenue growth 3Y8.91%
Revenue growth 5Y5.7%
Sales Q2Q%3.31%
Revenue Next Year7.31%
Revenue Next 2Y7.02%
Revenue Next 3Y6.74%
Revenue Next 5YN/A
EBIT growth 1Y10.91%
EBIT growth 3Y10.59%
EBIT growth 5Y5.55%
EBIT Next Year50.04%
EBIT Next 3Y18.86%
EBIT Next 5Y13.01%
FCF growth 1Y28.02%
FCF growth 3Y61.18%
FCF growth 5Y6.71%
OCF growth 1Y10.48%
OCF growth 3Y10.05%
OCF growth 5Y4.36%

ANTERO MIDSTREAM CORP / AM Fundamental Analysis FAQ

What is the ChartMill fundamental rating of ANTERO MIDSTREAM CORP (AM) stock?

ChartMill assigns a fundamental rating of 6 / 10 to AM.


Can you provide the valuation status for ANTERO MIDSTREAM CORP?

ChartMill assigns a valuation rating of 3 / 10 to ANTERO MIDSTREAM CORP (AM). This can be considered as Overvalued.


How profitable is ANTERO MIDSTREAM CORP (AM) stock?

ANTERO MIDSTREAM CORP (AM) has a profitability rating of 8 / 10.


What are the PE and PB ratios of ANTERO MIDSTREAM CORP (AM) stock?

The Price/Earnings (PE) ratio for ANTERO MIDSTREAM CORP (AM) is 22.09 and the Price/Book (PB) ratio is 5.56.


Can you provide the financial health for AM stock?

The financial health rating of ANTERO MIDSTREAM CORP (AM) is 6 / 10.