ANTERO MIDSTREAM CORP (AM) Fundamental Analysis & Valuation

NYSE:AM • US03676B1026

Current stock price

21.7 USD
-0.16 (-0.73%)
At close:
21.7 USD
0 (0%)
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.
  • AM had a positive operating cash flow in the past year.
  • In the past 5 years AM has always 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 has a Return On Assets of 7.01%. This is in the better half of the industry: AM outperforms 76.56% of its industry peers.
  • AM has a better Return On Equity (20.92%) than 86.12% of its industry peers.
  • AM has a Return On Invested Capital of 9.28%. This is amongst the best in the industry. AM outperforms 81.34% 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 22.50%.
  • 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

  • The Profit Margin of AM (34.72%) is better than 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.
  • With an excellent Operating Margin value of 61.62%, AM belongs to the best of the industry, outperforming 94.26% of the companies in the same industry.
  • 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 89.95% 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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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.
  • The number of shares outstanding for AM has been reduced compared to 1 year ago.
  • Compared to 5 years ago, AM has less shares outstanding
  • The debt/assets ratio for AM is higher compared to a year ago.
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

  • AM has an Altman-Z score of 2.26. 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.
  • AM has a Altman-Z score of 2.26. This is in the better half of the industry: AM outperforms 66.99% 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.
  • Looking at the Debt to FCF ratio, with a value of 4.18, AM is in the better half of the industry, outperforming 74.16% of the companies in the same industry.
  • A Debt/Equity ratio of 1.63 is on the high side and indicates that AM has dependencies on debt financing.
  • AM has a worse Debt to Equity ratio (1.63) than 74.64% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.63
Debt/FCF 4.18
Altman-Z 2.26
ROIC/WACC1.17
WACC7.92%
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.
  • The Current ratio of AM (3.41) is better than 84.69% 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's Quick ratio of 3.41 is amongst the best of the industry. AM outperforms 84.69% 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 20.69%, which is quite impressive.
  • The Earnings Per Share has been growing by 13.26% on average over the past years. This is quite good.
  • The Revenue has been growing slightly by 7.43% in the past year.
  • The Revenue has been growing slightly by 5.70% on average over the past years.
EPS 1Y (TTM)20.69%
EPS 3Y13.26%
EPS 5YN/A
EPS Q2Q%0%
Revenue 1Y (TTM)7.43%
Revenue growth 3Y8.91%
Revenue growth 5Y5.7%
Sales Q2Q%7.93%

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 14.16% yearly.
  • AM is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.86% yearly.
EPS Next Y18.45%
EPS Next 2Y16.03%
EPS Next 3Y14.16%
EPS Next 5YN/A
Revenue Next Year7.23%
Revenue Next 2Y7.14%
Revenue Next 3Y6.86%
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
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 1.5B
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 1.5

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5

4. AM Valuation Analysis

4.1 Price/Earnings Ratio

  • AM is valuated rather expensively with a Price/Earnings ratio of 20.67.
  • AM's Price/Earnings is on the same level as the industry average.
  • Compared to an average S&P500 Price/Earnings ratio of 26.64, AM is valued a bit cheaper.
  • A Price/Forward Earnings ratio of 15.35 indicates a correct valuation of AM.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of AM indicates a somewhat cheap valuation: AM is cheaper than 60.29% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 21.36, AM is valued a bit cheaper.
Industry RankSector Rank
PE 20.67
Fwd PE 15.35
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

  • 60.29% of the companies in the same industry are cheaper than AM, based on the Enterprise Value to EBITDA ratio.
  • AM's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. AM is cheaper than 76.08% of the companies in the same industry.
Industry RankSector Rank
P/FCF 13.33
EV/EBITDA 14.28
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 PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • The excellent profitability rating of AM may justify a higher PE ratio.
  • A more expensive valuation may be justified as AM's earnings are expected to grow with 14.16% in the coming years.
PEG (NY)1.12
PEG (5Y)N/A
EPS Next 2Y16.03%
EPS Next 3Y14.16%

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

5

5. AM Dividend Analysis

5.1 Amount

  • AM has a Yearly Dividend Yield of 4.12%, which is a nice return.
  • Compared to an average industry Dividend Yield of 3.51, AM pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.80, AM pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.12%

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.
Dividend Growth(5Y)-5.58%
Div Incr Years0
Div Non Decr Years0
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 2Y16.03%
EPS Next 3Y14.16%
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

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AM Fundamentals: All Metrics, Ratios and Statistics

ANTERO MIDSTREAM CORP

NYSE:AM (5/1/2026, 8:09:24 PM)

After market: 21.7 0 (0%)

21.7

-0.16 (-0.73%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Industry Strength77.02
Industry Growth83.23
Earnings (Last)04-29
Earnings (Next)07-28
Inst Owners59.69%
Inst Owner Change0.3%
Ins Owners1.47%
Ins Owner Change0.57%
Market Cap10.27B
Revenue(TTM)1.19B
Net Income(TTM)412.61M
Analysts46.25
Price Target23.97 (10.46%)
Short Float %3.33%
Short Ratio3.88
Dividend
Industry RankSector Rank
Dividend Yield 4.12%
Yearly Dividend0.92
Dividend Growth(5Y)-5.58%
DP106.53%
Div Incr Years0
Div Non Decr Years0
Ex-Date04-29
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)14.41%
PT rev (3m)18.94%
EPS NQ rev (1m)0.89%
EPS NQ rev (3m)2.36%
EPS NY rev (1m)6.23%
EPS NY rev (3m)0.75%
Revenue NQ rev (1m)0.25%
Revenue NQ rev (3m)-0.49%
Revenue NY rev (1m)-0.08%
Revenue NY rev (3m)1.77%
Valuation
Industry RankSector Rank
PE 20.67
Fwd PE 15.35
P/S 8.64
P/FCF 13.33
P/OCF 11.01
P/B 5.21
P/tB 11.43
EV/EBITDA 14.28
EPS(TTM)1.05
EY4.84%
EPS(NY)1.41
Fwd EY6.51%
FCF(TTM)1.63
FCFY7.5%
OCF(TTM)1.97
OCFY9.08%
SpS2.51
BVpS4.17
TBVpS1.9
PEG (NY)1.12
PEG (5Y)N/A
Graham Number9.92377 (-54.27%)
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 2.26
F-Score7
WACC7.92%
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)20.69%
EPS 3Y13.26%
EPS 5YN/A
EPS Q2Q%0%
EPS Next Y18.45%
EPS Next 2Y16.03%
EPS Next 3Y14.16%
EPS Next 5YN/A
Revenue 1Y (TTM)7.43%
Revenue growth 3Y8.91%
Revenue growth 5Y5.7%
Sales Q2Q%7.93%
Revenue Next Year7.23%
Revenue Next 2Y7.14%
Revenue Next 3Y6.86%
Revenue Next 5YN/A
EBIT growth 1Y10.91%
EBIT growth 3Y10.59%
EBIT growth 5Y5.55%
EBIT Next Year50.04%
EBIT Next 3Y18.83%
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 5 / 10 to ANTERO MIDSTREAM CORP (AM). This can be considered as Fairly Valued.


Can you provide the profitability details for ANTERO MIDSTREAM CORP?

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


What is the earnings growth outlook for ANTERO MIDSTREAM CORP?

The Earnings per Share (EPS) of ANTERO MIDSTREAM CORP (AM) is expected to grow by 18.45% in the next year.


Can you provide the dividend sustainability for AM stock?

The dividend rating of ANTERO MIDSTREAM CORP (AM) is 5 / 10 and the dividend payout ratio is 106.53%.