ANTERO MIDSTREAM CORP (AM) Stock Fundamental Analysis
NYSE:AM - New York Stock Exchange, Inc. - US03676B1026 - Common Stock - Currency: USD
AM gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 213 industry peers in the Oil, Gas & Consumable Fuels industry. AM has an excellent profitability rating, but there are some minor concerns on its financial health. AM has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
AM had positive earnings in the past year.
AM had a positive operating cash flow in the past year.
Of the past 5 years AM 4 years were profitable.
AM had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
AM has a Return On Assets of 6.95%. This is in the better half of the industry: AM outperforms 72.30% of its industry peers.
AM has a better Return On Equity (18.93%) than 82.63% of its industry peers.
AM has a better Return On Invested Capital (8.60%) than 68.54% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for AM is significantly below the industry average of 23.55%.
The last Return On Invested Capital (8.60%) for AM is above the 3 year average (7.90%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.95% | ||
| ROE | 18.93% | ||
| ROIC | 8.6% |
ROA(3y)6.35%
ROA(5y)4.56%
ROE(3y)17.01%
ROE(5y)12.09%
ROIC(3y)7.9%
ROIC(5y)7.76%
1.3 Margins
AM's Profit Margin of 36.19% is amongst the best of the industry. AM outperforms 89.20% of its industry peers.
AM's Profit Margin has been stable in the last couple of years.
The Operating Margin of AM (59.68%) is better than 92.96% of its industry peers.
AM's Operating Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 59.68% | ||
| PM (TTM) | 36.19% | ||
| GM | N/A |
OM growth 3Y-1.68%
OM growth 5Y5.41%
PM growth 3Y-0.61%
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so AM is still creating some value.
Compared to 1 year ago, AM has about the same amount of shares outstanding.
AM has less shares outstanding than it did 5 years ago.
The debt/assets ratio for AM has been reduced compared to a year ago.
2.2 Solvency
AM has an Altman-Z score of 2.03. This is not the best score and indicates that AM is in the grey zone with still only limited risk for bankruptcy at the moment.
The Altman-Z score of AM (2.03) is better than 65.73% of its industry peers.
AM has a debt to FCF ratio of 5.18. This is a neutral value as AM would need 5.18 years to pay back of all of its debts.
The Debt to FCF ratio of AM (5.18) is better than 63.38% of its industry peers.
AM has a Debt/Equity ratio of 1.47. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 1.47, AM is doing worse than 76.06% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.47 | ||
| Debt/FCF | 5.18 | ||
| Altman-Z | 2.03 |
ROIC/WACC1.1
WACC7.79%
2.3 Liquidity
A Current Ratio of 1.17 indicates that AM should not have too much problems paying its short term obligations.
AM's Current ratio of 1.17 is in line compared to the rest of the industry. AM outperforms 51.17% of its industry peers.
AM has a Quick Ratio of 1.17. This is a normal value and indicates that AM is financially healthy and should not expect problems in meeting its short term obligations.
AM has a better Quick ratio (1.17) than 61.03% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.17 | ||
| Quick Ratio | 1.17 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 8.75% over the past year.
Measured over the past 5 years, AM shows a small growth in Earnings Per Share. The EPS has been growing by 3.44% on average per year.
AM shows a small growth in Revenue. In the last year, the Revenue has grown by 5.37%.
Measured over the past years, AM shows a small growth in Revenue. The Revenue has been growing by 6.89% on average per year.
EPS 1Y (TTM)8.75%
EPS 3Y3.44%
EPS 5YN/A
EPS Q2Q%19.05%
Revenue 1Y (TTM)5.37%
Revenue growth 3Y7.19%
Revenue growth 5Y6.89%
Sales Q2Q%4.33%
3.2 Future
The Earnings Per Share is expected to grow by 16.30% on average over the next years. This is quite good.
AM is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.20% yearly.
EPS Next Y21.12%
EPS Next 2Y18%
EPS Next 3Y16.3%
EPS Next 5YN/A
Revenue Next Year4.58%
Revenue Next 2Y4.14%
Revenue Next 3Y4.2%
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 accelerating.
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
The Price/Earnings ratio is 20.99, which indicates a rather expensive current valuation of AM.
Compared to the rest of the industry, the Price/Earnings ratio of AM is on the same level as its industry peers.
AM's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.34.
Based on the Price/Forward Earnings ratio of 15.80, the valuation of AM can be described as correct.
Compared to the rest of the industry, the Price/Forward Earnings ratio of AM is on the same level as its industry peers.
When comparing the Price/Forward Earnings ratio of AM to the average of the S&P500 Index (22.19), we can say AM is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.99 | ||
| Fwd PE | 15.8 |
4.2 Price Multiples
AM's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. AM is more expensive than 61.03% of the companies in the same industry.
64.32% of the companies in the same industry are more expensive than AM, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.55 | ||
| EV/EBITDA | 13.56 |
4.3 Compensation for Growth
AM's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
AM has a very decent profitability rating, which may justify a higher PE ratio.
AM's earnings are expected to grow with 16.30% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.99
PEG (5Y)N/A
EPS Next 2Y18%
EPS Next 3Y16.3%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.93%, AM is a good candidate for dividend investing.
AM's Dividend Yield is a higher than the industry average which is at 6.54.
Compared to an average S&P500 Dividend Yield of 2.40, AM pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.93% |
5.2 History
The dividend of AM decreases each year by -9.21%.
AM has been paying a dividend for at least 10 years, so it has a reliable track record.
The dividend of AM decreased in the last 3 years.
Dividend Growth(5Y)-9.21%
Div Incr Years1
Div Non Decr Years2
5.3 Sustainability
AM pays out 109.45% of its income as dividend. This is not a sustainable payout ratio.
DP109.45%
EPS Next 2Y18%
EPS Next 3Y16.3%
NYSE:AM (6/20/2025, 12:49:05 PM)
18.265
+0.14 (+0.74%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners57.72%
Inst Owner Change-1.58%
Ins Owners1.32%
Ins Owner Change0.96%
Market Cap8.75B
Analysts46.25
Price Target17.09 (-6.43%)
Short Float %3.29%
Short Ratio3.89
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.93% |
Yearly Dividend0.91
Dividend Growth(5Y)-9.21%
DP109.45%
Div Incr Years1
Div Non Decr Years2
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-7.9%
Min EPS beat(2)-11.35%
Max EPS beat(2)-4.45%
EPS beat(4)0
Avg EPS beat(4)-11.89%
Min EPS beat(4)-21.33%
Max EPS beat(4)-4.45%
EPS beat(8)0
Avg EPS beat(8)-10.04%
EPS beat(12)0
Avg EPS beat(12)-9.6%
EPS beat(16)1
Avg EPS beat(16)-9.17%
Revenue beat(2)1
Avg Revenue beat(2)-0.77%
Min Revenue beat(2)-3.73%
Max Revenue beat(2)2.2%
Revenue beat(4)1
Avg Revenue beat(4)-1.12%
Min Revenue beat(4)-3.73%
Max Revenue beat(4)2.2%
Revenue beat(8)1
Avg Revenue beat(8)-2.48%
Revenue beat(12)1
Avg Revenue beat(12)-4.01%
Revenue beat(16)2
Avg Revenue beat(16)-3.36%
PT rev (1m)1.01%
PT rev (3m)5.16%
EPS NQ rev (1m)0%
EPS NQ rev (3m)2.19%
EPS NY rev (1m)0%
EPS NY rev (3m)-1.7%
Revenue NQ rev (1m)-0.17%
Revenue NQ rev (3m)-0.43%
Revenue NY rev (1m)0.17%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.99 | ||
| Fwd PE | 15.8 | ||
| P/S | 7.91 | ||
| P/FCF | 14.55 | ||
| P/OCF | 10.37 | ||
| P/B | 4.14 | ||
| P/tB | 9.02 | ||
| EV/EBITDA | 13.56 |
EPS(TTM)0.87
EY4.76%
EPS(NY)1.16
Fwd EY6.33%
FCF(TTM)1.26
FCFY6.87%
OCF(TTM)1.76
OCFY9.64%
SpS2.31
BVpS4.41
TBVpS2.02
PEG (NY)0.99
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.95% | ||
| ROE | 18.93% | ||
| ROCE | 11.66% | ||
| ROIC | 8.6% | ||
| ROICexc | 8.6% | ||
| ROICexgc | 10.78% | ||
| OM | 59.68% | ||
| PM (TTM) | 36.19% | ||
| GM | N/A | ||
| FCFM | 54.39% |
ROA(3y)6.35%
ROA(5y)4.56%
ROE(3y)17.01%
ROE(5y)12.09%
ROIC(3y)7.9%
ROIC(5y)7.76%
ROICexc(3y)7.9%
ROICexc(5y)7.76%
ROICexgc(3y)10.05%
ROICexgc(5y)10.08%
ROCE(3y)10.71%
ROCE(5y)10.53%
ROICexcg growth 3Y1.82%
ROICexcg growth 5Y9.79%
ROICexc growth 3Y3.94%
ROICexc growth 5Y14.15%
OM growth 3Y-1.68%
OM growth 5Y5.41%
PM growth 3Y-0.61%
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score9
Asset Turnover0.19
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.47 | ||
| Debt/FCF | 5.18 | ||
| Debt/EBITDA | 3.58 | ||
| Cap/Depr | 115.03% | ||
| Cap/Sales | 21.91% | ||
| Interest Coverage | 3.48 | ||
| Cash Conversion | 96.91% | ||
| Profit Quality | 150.29% | ||
| Current Ratio | 1.17 | ||
| Quick Ratio | 1.17 | ||
| Altman-Z | 2.03 |
F-Score9
WACC7.79%
ROIC/WACC1.1
Cap/Depr(3y)152.9%
Cap/Depr(5y)139.6%
Cap/Sales(3y)31.87%
Cap/Sales(5y)28.68%
Profit Quality(3y)122.35%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)8.75%
EPS 3Y3.44%
EPS 5YN/A
EPS Q2Q%19.05%
EPS Next Y21.12%
EPS Next 2Y18%
EPS Next 3Y16.3%
EPS Next 5YN/A
Revenue 1Y (TTM)5.37%
Revenue growth 3Y7.19%
Revenue growth 5Y6.89%
Sales Q2Q%4.33%
Revenue Next Year4.58%
Revenue Next 2Y4.14%
Revenue Next 3Y4.2%
Revenue Next 5YN/A
EBIT growth 1Y6.8%
EBIT growth 3Y5.39%
EBIT growth 5Y12.68%
EBIT Next Year44.64%
EBIT Next 3Y15.34%
EBIT Next 5Y9.1%
FCF growth 1Y1.11%
FCF growth 3Y8.05%
FCF growth 5Y21.27%
OCF growth 1Y8.33%
OCF growth 3Y5.94%
OCF growth 5Y6.28%