ANTERO MIDSTREAM CORP (AM) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:AM - US03676B1026 - Common Stock
17.88 USD
-0.18 (-1%)
17.88 USD
0 (0%)
We assign a fundamental rating of 6 out of 10 to AM. AM was compared to 210 industry peers in the Oil, Gas & Consumable Fuels industry. While AM belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. AM is not valued too expensively and it also shows a decent 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.
AM had positive earnings in 4 of the past 5 years.
In the past 5 years AM always reported a positive cash flow from operatings.
1.2 Ratios
AM's Return On Assets of 8.25% is amongst the best of the industry. AM outperforms 84.76% of its industry peers.
The Return On Equity of AM (22.85%) is better than 90.00% of its industry peers.
The Return On Invested Capital of AM (9.47%) is better than 81.43% 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 21.09%.
The 3 year average ROIC (7.90%) for AM is below the current ROIC(9.47%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.25% | ||
| ROE | 22.85% | ||
| ROIC | 9.47% |
ROA(3y)6.35%
ROA(5y)4.56%
ROE(3y)17.01%
ROE(5y)12.08%
ROIC(3y)7.9%
ROIC(5y)7.76%
1.3 Margins
The Profit Margin of AM (40.03%) is better than 92.86% of its industry peers.
AM's Profit Margin has been stable in the last couple of years.
The Operating Margin of AM (61.30%) is better than 93.81% of its industry peers.
In the last couple of years the Operating Margin of AM has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 61.3% | ||
| PM (TTM) | 40.03% | ||
| GM | N/A |
OM growth 3Y-1.68%
OM growth 5Y4.95%
PM growth 3Y-0.61%
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), AM is creating some value.
Compared to 1 year ago, AM has about the same amount of shares outstanding.
Compared to 5 years ago, AM has less shares outstanding
AM has a better debt/assets ratio than last year.
2.2 Solvency
AM has an Altman-Z score of 2.05. 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.
With a decent Altman-Z score value of 2.05, AM is doing good in the industry, outperforming 69.05% of the companies in the same industry.
The Debt to FCF ratio of AM is 3.97, which is a good value as it means it would take AM, 3.97 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 3.97, AM is in the better half of the industry, outperforming 70.95% of the companies in the same industry.
A Debt/Equity ratio of 1.46 is on the high side and indicates that AM has dependencies on debt financing.
The Debt to Equity ratio of AM (1.46) is worse than 74.76% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.46 | ||
| Debt/FCF | 3.97 | ||
| Altman-Z | 2.05 |
ROIC/WACC1.16
WACC8.17%
2.3 Liquidity
A Current Ratio of 1.26 indicates that AM should not have too much problems paying its short term obligations.
AM's Current ratio of 1.26 is in line compared to the rest of the industry. AM outperforms 57.62% of its industry peers.
AM has a Quick Ratio of 1.26. This is a normal value and indicates that AM is financially healthy and should not expect problems in meeting its short term obligations.
AM's Quick ratio of 1.26 is fine compared to the rest of the industry. AM outperforms 63.81% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.26 | ||
| Quick Ratio | 1.26 |
3. Growth
3.1 Past
AM shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 20.99%, which is quite impressive.
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 quite a strong growth in Revenue. In the last year, the Revenue has grown by 9.27%.
AM shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.89% yearly.
EPS 1Y (TTM)20.99%
EPS 3Y3.44%
EPS 5YN/A
EPS Q2Q%14.29%
Revenue 1Y (TTM)9.27%
Revenue growth 3Y7.19%
Revenue growth 5Y6.89%
Sales Q2Q%9.25%
3.2 Future
The Earnings Per Share is expected to grow by 16.48% on average over the next years. This is quite good.
The Revenue is expected to grow by 5.37% on average over the next years.
EPS Next Y24.57%
EPS Next 2Y21.4%
EPS Next 3Y16.48%
EPS Next 5YN/A
Revenue Next Year8.46%
Revenue Next 2Y6.9%
Revenue Next 3Y5.37%
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 18.24, AM is valued on the expensive side.
Compared to the rest of the industry, the Price/Earnings ratio of AM is on the same level as its industry peers.
Compared to an average S&P500 Price/Earnings ratio of 26.59, AM is valued a bit cheaper.
Based on the Price/Forward Earnings ratio of 14.62, 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.
AM is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 24.03, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.24 | ||
| Fwd PE | 14.62 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, AM is valued a bit more expensive than the industry average as 63.81% of the companies are valued more cheaply.
Based on the Price/Free Cash Flow ratio, AM is valued a bit cheaper than 72.86% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.24 | ||
| EV/EBITDA | 12.44 |
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.
A more expensive valuation may be justified as AM's earnings are expected to grow with 16.48% in the coming years.
PEG (NY)0.74
PEG (5Y)N/A
EPS Next 2Y21.4%
EPS Next 3Y16.48%
5. Dividend
5.1 Amount
AM has a Yearly Dividend Yield of 5.09%, which is a nice return.
AM's Dividend Yield is a higher than the industry average which is at 3.95.
AM's Dividend Yield is rather good when compared to the S&P500 average which is at 1.88.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.09% |
5.2 History
The dividend of AM decreases each year by -9.20%.
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)-9.2%
Div Incr Years1
Div Non Decr Years2
5.3 Sustainability
93.40% of the earnings are spent on dividend by AM. This is not a sustainable payout ratio.
DP93.4%
EPS Next 2Y21.4%
EPS Next 3Y16.48%
17.88
-0.18 (-1%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners58.56%
Inst Owner Change-0.75%
Ins Owners1.37%
Ins Owner Change-0.04%
Market Cap8.52B
Revenue(TTM)1.18B
Net Income(TTM)471.87M
Analysts46.25
Price Target19.13 (6.99%)
Short Float %3.06%
Short Ratio4.43
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.09% |
Yearly Dividend0.91
Dividend Growth(5Y)-9.2%
DP93.4%
Div Incr Years1
Div Non Decr Years2
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-4.61%
Min EPS beat(2)-8.88%
Max EPS beat(2)-0.34%
EPS beat(4)1
Avg EPS beat(4)-2.97%
Min EPS beat(4)-8.88%
Max EPS beat(4)1.8%
EPS beat(8)1
Avg EPS beat(8)-7.15%
EPS beat(12)1
Avg EPS beat(12)-8.14%
EPS beat(16)1
Avg EPS beat(16)-8.79%
Revenue beat(2)1
Avg Revenue beat(2)0.31%
Min Revenue beat(2)-1.03%
Max Revenue beat(2)1.64%
Revenue beat(4)3
Avg Revenue beat(4)0.87%
Min Revenue beat(4)-1.03%
Max Revenue beat(4)2.2%
Revenue beat(8)3
Avg Revenue beat(8)-0.63%
Revenue beat(12)3
Avg Revenue beat(12)-1.88%
Revenue beat(16)3
Avg Revenue beat(16)-3.23%
PT rev (1m)1.81%
PT rev (3m)3.69%
EPS NQ rev (1m)-0.33%
EPS NQ rev (3m)-1.64%
EPS NY rev (1m)0.17%
EPS NY rev (3m)-0.28%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.79%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.48%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.24 | ||
| Fwd PE | 14.62 | ||
| P/S | 7.22 | ||
| P/FCF | 11.24 | ||
| P/OCF | 9.36 | ||
| P/B | 4.12 | ||
| P/tB | 8.75 | ||
| EV/EBITDA | 12.44 |
EPS(TTM)0.98
EY5.48%
EPS(NY)1.22
Fwd EY6.84%
FCF(TTM)1.59
FCFY8.9%
OCF(TTM)1.91
OCFY10.68%
SpS2.48
BVpS4.34
TBVpS2.04
PEG (NY)0.74
PEG (5Y)N/A
Graham Number9.78
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.25% | ||
| ROE | 22.85% | ||
| ROCE | 12.84% | ||
| ROIC | 9.47% | ||
| ROICexc | 9.47% | ||
| ROICexgc | 11.75% | ||
| OM | 61.3% | ||
| PM (TTM) | 40.03% | ||
| GM | N/A | ||
| FCFM | 64.29% |
ROA(3y)6.35%
ROA(5y)4.56%
ROE(3y)17.01%
ROE(5y)12.08%
ROIC(3y)7.9%
ROIC(5y)7.76%
ROICexc(3y)7.9%
ROICexc(5y)7.76%
ROICexgc(3y)10.05%
ROICexgc(5y)10.09%
ROCE(3y)10.72%
ROCE(5y)10.53%
ROICexgc growth 3Y1.82%
ROICexgc growth 5Y9.31%
ROICexc growth 3Y3.94%
ROICexc growth 5Y13.65%
OM growth 3Y-1.68%
OM growth 5Y4.95%
PM growth 3Y-0.61%
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score8
Asset Turnover0.21
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.46 | ||
| Debt/FCF | 3.97 | ||
| Debt/EBITDA | 3.25 | ||
| Cap/Depr | 74.38% | ||
| Cap/Sales | 12.87% | ||
| Interest Coverage | 3.8 | ||
| Cash Conversion | 98.16% | ||
| Profit Quality | 160.61% | ||
| Current Ratio | 1.26 | ||
| Quick Ratio | 1.26 | ||
| Altman-Z | 2.05 |
F-Score8
WACC8.17%
ROIC/WACC1.16
Cap/Depr(3y)152.92%
Cap/Depr(5y)139.62%
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)20.99%
EPS 3Y3.44%
EPS 5YN/A
EPS Q2Q%14.29%
EPS Next Y24.57%
EPS Next 2Y21.4%
EPS Next 3Y16.48%
EPS Next 5YN/A
Revenue 1Y (TTM)9.27%
Revenue growth 3Y7.19%
Revenue growth 5Y6.89%
Sales Q2Q%9.25%
Revenue Next Year8.46%
Revenue Next 2Y6.9%
Revenue Next 3Y5.37%
Revenue Next 5YN/A
EBIT growth 1Y13.16%
EBIT growth 3Y5.39%
EBIT growth 5Y12.19%
EBIT Next Year47.19%
EBIT Next 3Y15.88%
EBIT Next 5Y10.66%
FCF growth 1Y129.95%
FCF growth 3Y8.05%
FCF growth 5Y21.27%
OCF growth 1Y23.03%
OCF growth 3Y5.94%
OCF growth 5Y6.28%
ANTERO MIDSTREAM CORP / AM FAQ
What is the ChartMill fundamental rating of ANTERO MIDSTREAM CORP (AM) stock?
ChartMill assigns a fundamental rating of 6 / 10 to AM.
What is the valuation status for AM stock?
ChartMill assigns a valuation rating of 5 / 10 to ANTERO MIDSTREAM CORP (AM). This can be considered as Fairly Valued.
How profitable is ANTERO MIDSTREAM CORP (AM) stock?
ANTERO MIDSTREAM CORP (AM) has a profitability rating of 7 / 10.
Can you provide the PE and PB ratios for AM stock?
The Price/Earnings (PE) ratio for ANTERO MIDSTREAM CORP (AM) is 18.24 and the Price/Book (PB) ratio is 4.12.
How sustainable is the dividend of ANTERO MIDSTREAM CORP (AM) stock?
The dividend rating of ANTERO MIDSTREAM CORP (AM) is 5 / 10 and the dividend payout ratio is 93.4%.