ANTERO MIDSTREAM CORP (AM) Fundamental Analysis & Valuation
NYSE:AM • US03676B1026
Current stock price
22.23 USD
-0.24 (-1.07%)
Last:
This AM fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
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.
- AM had positive earnings in each of the past 5 years.
- In the past 5 years AM always reported a positive cash flow from operatings.
1.2 Ratios
- AM has a Return On Assets of 7.01%. This is in the better half of the industry: AM outperforms 76.08% of its industry peers.
- AM's Return On Equity of 20.92% is amongst the best of the industry. AM outperforms 86.60% of its industry peers.
- AM's Return On Invested Capital of 9.28% is amongst the best of 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 23.10%.
- 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 Rank | Sector 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%
1.3 Margins
- AM has a better Profit Margin (34.72%) than 89.00% of its industry peers.
- AM's Profit Margin has been stable in the last couple of years.
- AM's Operating Margin of 61.62% is amongst the best of the industry. AM outperforms 94.26% of its industry peers.
- AM's Operating Margin has been stable in the last couple of years.
- AM has a better Gross Margin (80.49%) than 90.91% of its industry peers.
| Industry Rank | Sector 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
2. AM Health Analysis
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.
- 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.
- The debt/assets ratio for AM is higher compared to a year ago.
2.2 Solvency
- An Altman-Z score of 2.30 indicates that AM is not a great score, but indicates only limited risk for bankruptcy at the moment.
- The Altman-Z score of AM (2.30) is better than 69.86% 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.
- With a decent Debt to FCF ratio value of 4.18, AM is doing good in the industry, outperforming 72.73% of the companies in the same industry.
- 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 Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.63 | ||
| Debt/FCF | 4.18 | ||
| Altman-Z | 2.3 |
ROIC/WACC1.17
WACC7.9%
2.3 Liquidity
- A Current Ratio of 3.41 indicates that AM has no problem at all paying its short term obligations.
- With an excellent Current ratio value of 3.41, AM belongs to the best of the industry, outperforming 85.17% of the companies in the same industry.
- A Quick Ratio of 3.41 indicates that AM has no problem at all paying its short term obligations.
- The Quick ratio of AM (3.41) is better than 85.17% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.41 | ||
| Quick Ratio | 3.41 |
3. AM Growth Analysis
3.1 Past
- The Earnings Per Share has grown by an impressive 26.51% over the past year.
- AM shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 13.26% yearly.
- 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)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
- Based on estimates for the next years, AM will show a quite strong growth in Earnings Per Share. The EPS will grow by 10.89% on average per year.
- Based on estimates for the next years, AM will show a small growth in Revenue. The Revenue will grow by 6.86% on average per year.
EPS Next Y11.5%
EPS Next 2Y12.05%
EPS Next 3Y10.89%
EPS Next 5YN/A
Revenue Next Year7.23%
Revenue Next 2Y7.14%
Revenue Next 3Y6.86%
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.
- The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. AM Valuation Analysis
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 21.17, 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.
- When comparing the Price/Earnings ratio of AM to the average of the S&P500 Index (26.91), we can say AM is valued slightly cheaper.
- Based on the Price/Forward Earnings ratio of 18.99, the valuation of AM can be described as rather expensive.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of AM is on the same level as its industry peers.
- AM's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 23.69.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.17 | ||
| Fwd PE | 18.99 |
4.2 Price Multiples
- AM's Enterprise Value to EBITDA is on the same level as the industry average.
- AM's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. AM is cheaper than 73.68% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.65 | ||
| EV/EBITDA | 14.59 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
- The excellent profitability rating of AM may justify a higher PE ratio.
PEG (NY)1.84
PEG (5Y)N/A
EPS Next 2Y12.05%
EPS Next 3Y10.89%
5. AM Dividend Analysis
5.1 Amount
- With a Yearly Dividend Yield of 3.88%, AM has a reasonable but not impressive dividend return.
- AM's Dividend Yield is a higher than the industry average which is at 3.16.
- AM's Dividend Yield is rather good when compared to the S&P500 average which is at 1.89.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.88% |
5.2 History
- The dividend of AM decreases each year by -5.58%.
- AM has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-5.58%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
- AM pays out 106.53% of its income as dividend. This is not a sustainable payout ratio.
DP106.53%
EPS Next 2Y12.05%
EPS Next 3Y10.89%
AM Fundamentals: All Metrics, Ratios and Statistics
NYSE:AM (4/9/2026, 3:23:03 PM)
22.23
-0.24 (-1.07%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-11 2026-02-11/amc
Earnings (Next)04-29 2026-04-29
Inst Owners59.7%
Inst Owner Change0%
Ins Owners1.42%
Ins Owner Change0.57%
Market Cap10.52B
Revenue(TTM)1.19B
Net Income(TTM)412.61M
Analysts46.25
Price Target21.93 (-1.35%)
Short Float %3.01%
Short Ratio3.29
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.88% |
Yearly Dividend0.92
Dividend Growth(5Y)-5.58%
DP106.53%
Div Incr Years0
Div Non Decr Years0
Ex-Date01-28 2026-01-28 (0.225)
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)9.32%
PT rev (3m)14.67%
EPS NQ rev (1m)-5.83%
EPS NQ rev (3m)2.36%
EPS NY rev (1m)-4.6%
EPS NY rev (3m)-4.29%
Revenue NQ rev (1m)2.59%
Revenue NQ rev (3m)-0.49%
Revenue NY rev (1m)1.15%
Revenue NY rev (3m)1.77%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.17 | ||
| Fwd PE | 18.99 | ||
| P/S | 8.85 | ||
| P/FCF | 13.65 | ||
| P/OCF | 11.28 | ||
| P/B | 5.33 | ||
| P/tB | 11.71 | ||
| EV/EBITDA | 14.59 |
EPS(TTM)1.05
EY4.72%
EPS(NY)1.17
Fwd EY5.27%
FCF(TTM)1.63
FCFY7.32%
OCF(TTM)1.97
OCFY8.87%
SpS2.51
BVpS4.17
TBVpS1.9
PEG (NY)1.84
PEG (5Y)N/A
Graham Number9.92
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 2.3 |
F-Score7
WACC7.9%
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 Year7.23%
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 3Y18.86%
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 4 / 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 11.5% in the next year.
Can you provide the dividend sustainability for AM stock?
The dividend rating of ANTERO MIDSTREAM CORP (AM) is 4 / 10 and the dividend payout ratio is 106.53%.