ANTERO MIDSTREAM CORP (AM) Stock Fundamental Analysis
USA - NYSE:AM - US03676B1026 - Common Stock
17.77 USD
-0.26 (-1.44%)
AM gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 211 industry peers in the Oil, Gas & Consumable Fuels industry. While AM has a great profitability rating, 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
In the past year AM was profitable.
In the past year AM had a positive cash flow from operations.
Of the past 5 years AM 4 years were profitable.
Each year in the past 5 years AM had a positive operating cash flow.
1.2 Ratios
AM has a Return On Assets of 7.91%. This is in the better half of the industry: AM outperforms 79.15% of its industry peers.
The Return On Equity of AM (21.54%) is better than 88.15% of its industry peers.
The Return On Invested Capital of AM (9.17%) is better than 79.15% of its industry peers.
AM had an Average Return On Invested Capital over the past 3 years of 7.90%. This is significantly below the industry average of 21.53%.
The last Return On Invested Capital (9.17%) for AM is above the 3 year average (7.90%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.91% | ||
| ROE | 21.54% | ||
| ROIC | 9.17% |
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
With an excellent Profit Margin value of 39.48%, AM belongs to the best of the industry, outperforming 92.89% of the companies in the same industry.
In the last couple of years the Profit Margin of AM has remained more or less at the same level.
The Operating Margin of AM (61.04%) is better than 93.36% of its industry peers.
In the last couple of years the Operating Margin of AM has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 61.04% | ||
| PM (TTM) | 39.48% | ||
| 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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), AM is creating some value.
The number of shares outstanding for AM remains at a similar level compared to 1 year ago.
The number of shares outstanding for AM has been reduced compared to 5 years ago.
AM has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.05 indicates that AM is not a great score, but indicates only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.05, AM is in the better half of the industry, outperforming 68.25% of the companies in the same industry.
The Debt to FCF ratio of AM is 4.32, which is a neutral value as it means it would take AM, 4.32 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 4.32, AM is in the better half of the industry, outperforming 68.25% of the companies in the same industry.
A Debt/Equity ratio of 1.47 is on the high side and indicates that AM has dependencies on debt financing.
AM's Debt to Equity ratio of 1.47 is on the low side compared to the rest of the industry. AM is outperformed by 75.36% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.47 | ||
| Debt/FCF | 4.32 | ||
| Altman-Z | 2.05 |
ROIC/WACC1.15
WACC7.98%
2.3 Liquidity
A Current Ratio of 1.17 indicates that AM should not have too much problems paying its short term obligations.
AM has a Current ratio of 1.17. This is comparable to the rest of the industry: AM outperforms 50.24% 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's Quick ratio of 1.17 is in line compared to the rest of the industry. AM outperforms 59.72% 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 18.75% over the past year.
The Earnings Per Share has been growing slightly by 3.44% on average over the past years.
AM shows a small growth in Revenue. In the last year, the Revenue has grown by 7.56%.
The Revenue has been growing slightly by 6.89% on average over the past years.
EPS 1Y (TTM)18.75%
EPS 3Y3.44%
EPS 5YN/A
EPS Q2Q%44.44%
Revenue 1Y (TTM)7.56%
Revenue growth 3Y7.19%
Revenue growth 5Y6.89%
Sales Q2Q%13.22%
3.2 Future
The Earnings Per Share is expected to grow by 14.93% on average over the next years. This is quite good.
The Revenue is expected to grow by 4.49% on average over the next years.
EPS Next Y24.92%
EPS Next 2Y18.24%
EPS Next 3Y14.93%
EPS Next 5YN/A
Revenue Next Year6.96%
Revenue Next 2Y5.36%
Revenue Next 3Y4.49%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last 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. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 18.71, the valuation of AM can be described as rather expensive.
Compared to the rest of the industry, the Price/Earnings ratio of AM is on the same level as its industry peers.
The average S&P500 Price/Earnings ratio is at 27.57. AM is valued slightly cheaper when compared to this.
A Price/Forward Earnings ratio of 15.31 indicates a correct valuation of AM.
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 (23.09), we can say AM is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.71 | ||
| Fwd PE | 15.31 |
4.2 Price Multiples
61.14% of the companies in the same industry are cheaper than AM, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, AM is valued a bit cheaper than 69.19% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.79 | ||
| EV/EBITDA | 12.96 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent 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 14.93% in the coming years.
PEG (NY)0.75
PEG (5Y)N/A
EPS Next 2Y18.24%
EPS Next 3Y14.93%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.01%, AM is a good candidate for dividend investing.
AM's Dividend Yield is a higher than the industry average which is at 6.30.
Compared to an average S&P500 Dividend Yield of 2.32, AM pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.01% |
5.2 History
The dividend of AM decreases each year by -9.21%.
AM has paid a dividend for at least 10 years, which is a reliable track record.
AM has decreased its dividend in the last 3 years.
Dividend Growth(5Y)-9.21%
Div Incr Years1
Div Non Decr Years2
5.3 Sustainability
96.92% of the earnings are spent on dividend by AM. This is not a sustainable payout ratio.
DP96.92%
EPS Next 2Y18.24%
EPS Next 3Y14.93%
NYSE:AM (10/23/2025, 10:17:09 AM)
17.77
-0.26 (-1.44%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners58.85%
Inst Owner Change-0.51%
Ins Owners1.36%
Ins Owner Change-0.02%
Market Cap8.50B
Revenue(TTM)1.15B
Net Income(TTM)455.63M
Analysts46.25
Price Target18.45 (3.83%)
Short Float %2.54%
Short Ratio3.16
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.01% |
Yearly Dividend0.91
Dividend Growth(5Y)-9.21%
DP96.92%
Div Incr Years1
Div Non Decr Years2
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.73%
Min EPS beat(2)-0.34%
Max EPS beat(2)1.8%
EPS beat(4)1
Avg EPS beat(4)-3.59%
Min EPS beat(4)-11.35%
Max EPS beat(4)1.8%
EPS beat(8)1
Avg EPS beat(8)-6.82%
EPS beat(12)1
Avg EPS beat(12)-8.43%
EPS beat(16)1
Avg EPS beat(16)-8.61%
Revenue beat(2)2
Avg Revenue beat(2)1.15%
Min Revenue beat(2)0.66%
Max Revenue beat(2)1.64%
Revenue beat(4)3
Avg Revenue beat(4)0.19%
Min Revenue beat(4)-3.73%
Max Revenue beat(4)2.2%
Revenue beat(8)3
Avg Revenue beat(8)-0.74%
Revenue beat(12)3
Avg Revenue beat(12)-2.51%
Revenue beat(16)3
Avg Revenue beat(16)-3.27%
PT rev (1m)0%
PT rev (3m)6.9%
EPS NQ rev (1m)0.68%
EPS NQ rev (3m)3.28%
EPS NY rev (1m)0%
EPS NY rev (3m)2.7%
Revenue NQ rev (1m)0.66%
Revenue NQ rev (3m)2.27%
Revenue NY rev (1m)0.08%
Revenue NY rev (3m)2.1%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.71 | ||
| Fwd PE | 15.31 | ||
| P/S | 7.37 | ||
| P/FCF | 11.79 | ||
| P/OCF | 9.64 | ||
| P/B | 4.02 | ||
| P/tB | 8.76 | ||
| EV/EBITDA | 12.96 |
EPS(TTM)0.95
EY5.35%
EPS(NY)1.16
Fwd EY6.53%
FCF(TTM)1.51
FCFY8.48%
OCF(TTM)1.84
OCFY10.37%
SpS2.41
BVpS4.42
TBVpS2.03
PEG (NY)0.75
PEG (5Y)N/A
Graham Number9.72
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.91% | ||
| ROE | 21.54% | ||
| ROCE | 12.44% | ||
| ROIC | 9.17% | ||
| ROICexc | 9.17% | ||
| ROICexgc | 11.49% | ||
| OM | 61.04% | ||
| PM (TTM) | 39.48% | ||
| GM | N/A | ||
| FCFM | 62.5% |
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%
ROICexgc growth 3Y1.82%
ROICexgc 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-Score8
Asset Turnover0.2
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.47 | ||
| Debt/FCF | 4.32 | ||
| Debt/EBITDA | 3.44 | ||
| Cap/Depr | 79.41% | ||
| Cap/Sales | 13.91% | ||
| Interest Coverage | 3.62 | ||
| Cash Conversion | 97.28% | ||
| Profit Quality | 158.3% | ||
| Current Ratio | 1.17 | ||
| Quick Ratio | 1.17 | ||
| Altman-Z | 2.05 |
F-Score8
WACC7.98%
ROIC/WACC1.15
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)18.75%
EPS 3Y3.44%
EPS 5YN/A
EPS Q2Q%44.44%
EPS Next Y24.92%
EPS Next 2Y18.24%
EPS Next 3Y14.93%
EPS Next 5YN/A
Revenue 1Y (TTM)7.56%
Revenue growth 3Y7.19%
Revenue growth 5Y6.89%
Sales Q2Q%13.22%
Revenue Next Year6.96%
Revenue Next 2Y5.36%
Revenue Next 3Y4.49%
Revenue Next 5YN/A
EBIT growth 1Y10.19%
EBIT growth 3Y5.39%
EBIT growth 5Y12.68%
EBIT Next Year46.42%
EBIT Next 3Y15.66%
EBIT Next 5Y10.56%
FCF growth 1Y162.28%
FCF growth 3Y8.05%
FCF growth 5Y21.27%
OCF growth 1Y23.55%
OCF growth 3Y5.94%
OCF growth 5Y6.28%