ANTERO MIDSTREAM CORP (AM) Stock Fundamental Analysis
NYSE:AM - New York Stock Exchange, Inc. - US03676B1026 - Common Stock - Currency: USD
We assign a fundamental rating of 5 out of 10 to AM. AM was compared to 210 industry peers in the Oil, Gas & Consumable Fuels industry. AM has an excellent profitability rating, but there are some minor concerns on its financial health. AM has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year AM was profitable.
AM had a positive operating cash flow in the past year.
Of the past 5 years AM 4 years were profitable.
In the past 5 years AM always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 6.95%, AM is in the better half of the industry, outperforming 71.90% of the companies in the same industry.
The Return On Equity of AM (18.93%) is better than 82.38% of its industry peers.
With a decent Return On Invested Capital value of 8.60%, AM is doing good in the industry, outperforming 69.05% of the companies in the same industry.
AM had an Average Return On Invested Capital over the past 3 years of 7.90%. This is significantly below the industry average of 23.80%.
The 3 year average ROIC (7.90%) for AM is below the current ROIC(8.60%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.95% | ||
| ROE | 18.93% | ||
| ROIC | 8.6% |
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
AM has a better Profit Margin (36.19%) than 89.05% of its industry peers.
AM's Profit Margin has been stable in the last couple of years.
AM's Operating Margin of 59.68% is amongst the best of the industry. AM outperforms 92.86% of its industry peers.
AM's Operating Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 59.68% | ||
| PM (TTM) | 36.19% | ||
| 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
AM has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, AM has about the same amount of shares outstanding.
The number of shares outstanding for AM has been reduced compared to 5 years ago.
The debt/assets ratio for AM has been reduced compared to a year ago.
2.2 Solvency
AM has an Altman-Z score of 1.97. 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's Altman-Z score of 1.97 is fine compared to the rest of the industry. AM outperforms 65.24% of its industry peers.
AM has a debt to FCF ratio of 5.18. This is a neutral value as AM would need 5.18 years to pay back of all of its debts.
The Debt to FCF ratio of AM (5.18) is better than 62.86% of its industry peers.
A Debt/Equity ratio of 1.47 is on the high side and indicates that AM has dependencies on debt financing.
AM has a Debt to Equity ratio of 1.47. This is in the lower half of the industry: AM underperforms 75.24% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.47 | ||
| Debt/FCF | 5.18 | ||
| Altman-Z | 1.97 |
ROIC/WACC0.96
WACC8.93%
2.3 Liquidity
AM has a Current 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.
The Current ratio of AM (1.17) is comparable to the rest of the industry.
A Quick Ratio of 1.17 indicates that AM should not have too much problems paying its short term obligations.
The Quick ratio of AM (1.17) is better than 62.38% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.17 | ||
| Quick Ratio | 1.17 |
3. Growth
3.1 Past
AM shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 8.75%, which is quite good.
AM shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 3.44% yearly.
The Revenue has been growing slightly by 5.37% in the past year.
AM shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.89% yearly.
EPS 1Y (TTM)8.75%
EPS 3Y3.44%
EPS 5YN/A
EPS Q2Q%19.05%
Revenue 1Y (TTM)5.37%
Revenue growth 3Y7.19%
Revenue growth 5Y6.89%
Sales Q2Q%4.33%
3.2 Future
The Earnings Per Share is expected to grow by 13.97% on average over the next years. This is quite good.
The Revenue is expected to grow by 4.12% on average over the next years.
EPS Next Y21.64%
EPS Next 2Y16.65%
EPS Next 3Y13.97%
EPS Next 5YN/A
Revenue Next Year4.76%
Revenue Next 2Y4.23%
Revenue Next 3Y4.12%
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.
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 20.46, AM is valued on the expensive side.
AM's Price/Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Earnings ratio of 27.41, AM is valued a bit cheaper.
AM is valuated correctly with a Price/Forward Earnings ratio of 15.76.
AM's Price/Forward Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 35.19, AM is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.46 | ||
| Fwd PE | 15.76 |
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 62.38% of the companies in the same industry.
AM's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. AM is cheaper than 65.24% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.18 | ||
| EV/EBITDA | 13.18 |
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 13.97% in the coming years.
PEG (NY)0.95
PEG (5Y)N/A
EPS Next 2Y16.65%
EPS Next 3Y13.97%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.16%, AM is a good candidate for dividend investing.
AM's Dividend Yield is a higher than the industry average which is at 6.41.
Compared to an average S&P500 Dividend Yield of 2.35, AM pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.16% |
5.2 History
The dividend of AM decreases each year by -9.21%.
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)-9.21%
Div Incr Years1
Div Non Decr Years2
5.3 Sustainability
AM pays out 109.45% of its income as dividend. This is not a sustainable payout ratio.
DP109.45%
EPS Next 2Y16.65%
EPS Next 3Y13.97%
NYSE:AM (7/14/2025, 10:16:08 AM)
17.8
+0.35 (+2.01%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners57.72%
Inst Owner Change0%
Ins Owners1.32%
Ins Owner Change0.99%
Market Cap8.53B
Analysts46.25
Price Target17.26 (-3.03%)
Short Float %3.03%
Short Ratio3.86
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.16% |
Yearly Dividend0.91
Dividend Growth(5Y)-9.21%
DP109.45%
Div Incr Years1
Div Non Decr Years2
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-7.9%
Min EPS beat(2)-11.35%
Max EPS beat(2)-4.45%
EPS beat(4)0
Avg EPS beat(4)-11.89%
Min EPS beat(4)-21.33%
Max EPS beat(4)-4.45%
EPS beat(8)0
Avg EPS beat(8)-10.04%
EPS beat(12)0
Avg EPS beat(12)-9.6%
EPS beat(16)1
Avg EPS beat(16)-9.17%
Revenue beat(2)1
Avg Revenue beat(2)-0.77%
Min Revenue beat(2)-3.73%
Max Revenue beat(2)2.2%
Revenue beat(4)1
Avg Revenue beat(4)-1.12%
Min Revenue beat(4)-3.73%
Max Revenue beat(4)2.2%
Revenue beat(8)1
Avg Revenue beat(8)-2.48%
Revenue beat(12)1
Avg Revenue beat(12)-4.01%
Revenue beat(16)2
Avg Revenue beat(16)-3.36%
PT rev (1m)1%
PT rev (3m)2.01%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0.6%
EPS NY rev (1m)0.43%
EPS NY rev (3m)-1.98%
Revenue NQ rev (1m)-0.17%
Revenue NQ rev (3m)1.2%
Revenue NY rev (1m)0.17%
Revenue NY rev (3m)-0.67%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.46 | ||
| Fwd PE | 15.76 | ||
| P/S | 7.71 | ||
| P/FCF | 14.18 | ||
| P/OCF | 10.11 | ||
| P/B | 4.03 | ||
| P/tB | 8.79 | ||
| EV/EBITDA | 13.18 |
EPS(TTM)0.87
EY4.89%
EPS(NY)1.13
Fwd EY6.34%
FCF(TTM)1.26
FCFY7.05%
OCF(TTM)1.76
OCFY9.89%
SpS2.31
BVpS4.41
TBVpS2.02
PEG (NY)0.95
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.95% | ||
| ROE | 18.93% | ||
| ROCE | 11.66% | ||
| ROIC | 8.6% | ||
| ROICexc | 8.6% | ||
| ROICexgc | 10.78% | ||
| OM | 59.68% | ||
| PM (TTM) | 36.19% | ||
| GM | N/A | ||
| FCFM | 54.39% |
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%
ROICexcg growth 3Y1.82%
ROICexcg 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-Score9
Asset Turnover0.19
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.47 | ||
| Debt/FCF | 5.18 | ||
| Debt/EBITDA | 3.58 | ||
| Cap/Depr | 115.03% | ||
| Cap/Sales | 21.91% | ||
| Interest Coverage | 3.48 | ||
| Cash Conversion | 96.91% | ||
| Profit Quality | 150.29% | ||
| Current Ratio | 1.17 | ||
| Quick Ratio | 1.17 | ||
| Altman-Z | 1.97 |
F-Score9
WACC8.93%
ROIC/WACC0.96
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)8.75%
EPS 3Y3.44%
EPS 5YN/A
EPS Q2Q%19.05%
EPS Next Y21.64%
EPS Next 2Y16.65%
EPS Next 3Y13.97%
EPS Next 5YN/A
Revenue 1Y (TTM)5.37%
Revenue growth 3Y7.19%
Revenue growth 5Y6.89%
Sales Q2Q%4.33%
Revenue Next Year4.76%
Revenue Next 2Y4.23%
Revenue Next 3Y4.12%
Revenue Next 5YN/A
EBIT growth 1Y6.8%
EBIT growth 3Y5.39%
EBIT growth 5Y12.68%
EBIT Next Year44.64%
EBIT Next 3Y15.34%
EBIT Next 5Y9.1%
FCF growth 1Y1.11%
FCF growth 3Y8.05%
FCF growth 5Y21.27%
OCF growth 1Y8.33%
OCF growth 3Y5.94%
OCF growth 5Y6.28%