ANTERO MIDSTREAM CORP (AM)

US03676B1026 - Common Stock

14.06  +0.17 (+1.22%)

After market: 14.06 0 (0%)

Fundamental Rating

4

Overall AM gets a fundamental rating of 4 out of 10. We evaluated AM against 214 industry peers in the Oil, Gas & Consumable Fuels industry. AM has a medium profitability rating, but doesn't score so well on its financial health evaluation. AM has a correct valuation and a medium growth rate.



4

1. Profitability

1.1 Basic Checks

AM had positive earnings in the past year.
In the past year AM had a positive cash flow from operations.
In multiple years AM reported negative net income over the last 5 years.
AM had a positive operating cash flow in each of the past 5 years.

1.2 Ratios

AM has a Return On Assets of 6.47%. This is comparable to the rest of the industry: AM outperforms 47.89% of its industry peers.
AM has a Return On Equity of 17.26%. This is comparable to the rest of the industry: AM outperforms 52.58% of its industry peers.
AM has a Return On Invested Capital (8.10%) which is in line with its industry peers.
The Average Return On Invested Capital over the past 3 years for AM is significantly below the industry average of 48.71%.
The last Return On Invested Capital (8.10%) for AM is above the 3 year average (7.61%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 6.47%
ROE 17.26%
ROIC 8.1%
ROA(3y)6.02%
ROA(5y)2.04%
ROE(3y)15.53%
ROE(5y)6.04%
ROIC(3y)7.61%
ROIC(5y)6.95%

1.3 Margins

AM has a better Profit Margin (35.64%) than 77.00% of its industry peers.
AM's Operating Margin of 59.34% is amongst the best of the industry. AM outperforms 90.14% of its industry peers.
In the last couple of years the Operating Margin of AM has remained more or less at the same level.
Industry RankSector Rank
OM 59.34%
PM (TTM) 35.64%
GM N/A
OM growth 3Y-1.45%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A

2

2. Health

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.
Compared to 1 year ago, AM has more shares outstanding
The number of shares outstanding for AM has been increased compared to 5 years ago.
The debt/assets ratio for AM has been reduced compared to a year ago.

2.2 Solvency

Based on the Altman-Z score of 1.68, we must say that AM is in the distress zone and has some risk of bankruptcy.
AM has a Altman-Z score (1.68) which is in line with its industry peers.
The Debt to FCF ratio of AM is 5.40, which is a neutral value as it means it would take AM, 5.40 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 5.40, AM is in line with its industry, outperforming 53.52% of the companies in the same industry.
AM has a Debt/Equity ratio of 1.49. This is a high value indicating a heavy dependency on external financing.
With a Debt to Equity ratio value of 1.49, AM is not doing good in the industry: 79.34% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 1.49
Debt/FCF 5.4
Altman-Z 1.68
ROIC/WACC1.08
WACC7.52%

2.3 Liquidity

A Current Ratio of 0.95 indicates that AM may have some problems paying its short term obligations.
AM's Current ratio of 0.95 is on the low side compared to the rest of the industry. AM is outperformed by 66.20% of its industry peers.
A Quick Ratio of 0.95 indicates that AM may have some problems paying its short term obligations.
AM has a Quick ratio (0.95) which is in line with its industry peers.
Industry RankSector Rank
Current Ratio 0.95
Quick Ratio 0.95

4

3. Growth

3.1 Past

The Earnings Per Share has been growing slightly by 6.54% over the past year.
The Earnings Per Share has been growing by 18.47% on average over the past years. This is quite good.
Looking at the last year, AM shows a quite strong growth in Revenue. The Revenue has grown by 13.24% in the last year.
Measured over the past years, AM shows a small growth in Revenue. The Revenue has been growing by 4.97% on average per year.
EPS 1Y (TTM)6.54%
EPS 3YN/A
EPS 5Y18.47%
EPS growth Q2Q21.57%
Revenue 1Y (TTM)13.24%
Revenue growth 3Y4.97%
Revenue growth 5YN/A
Revenue growth Q2Q7.69%

3.2 Future

Based on estimates for the next years, AM will show a quite strong growth in Earnings Per Share. The EPS will grow by 14.08% on average per year.
AM is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.43% yearly.
EPS Next Y26.85%
EPS Next 2Y16.71%
EPS Next 3Y14.08%
EPS Next 5YN/A
Revenue Next Year4.44%
Revenue Next 2Y3.95%
Revenue Next 3Y3.43%
Revenue Next 5YN/A

3.3 Evolution

Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
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

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 18.26 indicates a rather expensive valuation of AM.
Based on the Price/Earnings ratio, AM is valued a bit more expensive than 71.83% of the companies in the same industry.
When comparing the Price/Earnings ratio of AM to the average of the S&P500 Index (26.42), we can say AM is valued slightly cheaper.
A Price/Forward Earnings ratio of 14.39 indicates a correct valuation of AM.
AM's Price/Forward Earnings is on the same level as the industry average.
When comparing the Price/Forward Earnings ratio of AM to the average of the S&P500 Index (22.74), we can say AM is valued slightly cheaper.
Industry RankSector Rank
PE 18.26
Fwd PE 14.39

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 72.77% of the companies in the same industry.
60.56% of the companies in the same industry are more expensive than AM, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 11.34
EV/EBITDA 11.97

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's earnings are expected to grow with 14.08% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.68
PEG (5Y)0.99
EPS Next 2Y16.71%
EPS Next 3Y14.08%

5

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 6.43%, AM is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 5.86, AM pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.34, AM pays a better dividend.
Industry RankSector Rank
Dividend Yield 6.43%

5.2 History

The dividend of AM is nicely growing with an annual growth rate of 14.36%!
AM has been paying a dividend for over 5 years, so it has already some track record.
AM has decreased its dividend recently.
Dividend Growth(5Y)14.36%
Div Incr Years0
Div Non Decr Years1

5.3 Sustainability

AM pays out 117.26% of its income as dividend. This is not a sustainable payout ratio.
AM's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP117.26%
EPS Next 2Y16.71%
EPS Next 3Y14.08%

ANTERO MIDSTREAM CORP

NYSE:AM (3/28/2024, 6:30:00 PM)

After market: 14.06 0 (0%)

14.06

+0.17 (+1.22%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap6.75B
Analysts
Price Target
Dividend
Industry RankSector Rank
Dividend Yield 6.43%
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
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EPS beat(8)
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EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
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Revenue beat(4)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
Industry RankSector Rank
PE 18.26
Fwd PE 14.39
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)0.68
PEG (5Y)0.99
Profitability
Industry RankSector Rank
ROA 6.47%
ROE 17.26%
ROCE
ROIC
ROICexc
ROICexgc
OM 59.34%
PM (TTM) 35.64%
GM N/A
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 Turnover0.18
Health
Industry RankSector Rank
Debt/Equity 1.49
Debt/FCF
Debt/EBITDA
Cap/Depr
Cap/Sales
Interest Coverage
Cash Conversion
Profit Quality
Current Ratio 0.95
Quick Ratio 0.95
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)6.54%
EPS 3YN/A
EPS 5Y
EPS growth Q2Q
EPS Next Y26.85%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)13.24%
Revenue growth 3Y4.97%
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
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y