ANTERO MIDSTREAM CORP (AM) Stock Fundamental Analysis
NYSE:AM - US03676B1026 - Common Stock
17.79 USD
-0.05 (-0.28%)
17.79 USD
0 (0%)
Taking everything into account, AM scores 5 out of 10 in our fundamental rating. AM was compared to 208 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 has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
AM had positive earnings in the past year.
In the past year AM had a positive cash flow from operations.
Of the past 5 years AM 4 years were profitable.
AM had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a decent Return On Assets value of 7.91%, AM is doing good in the industry, outperforming 76.44% of the companies in the same industry.
The Return On Equity of AM (21.54%) is better than 87.02% of its industry peers.
Looking at the Return On Invested Capital, with a value of 9.17%, AM is in the better half of the industry, outperforming 76.92% 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 23.39%.
The 3 year average ROIC (7.90%) for AM is below the current ROIC(9.17%), indicating increased profibility in the last year.
| 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
AM has a better Profit Margin (39.48%) than 91.35% of its industry peers.
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 92.79% of its industry peers.
AM's Operating Margin has improved in the last couple of years.
| 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
AM has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some 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.
Compared to 1 year ago, AM has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 2.03 indicates that AM is not a great score, but indicates only limited risk for bankruptcy at the moment.
AM has a better Altman-Z score (2.03) than 68.27% of its industry peers.
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.
AM has a Debt to FCF ratio of 4.32. This is in the better half of the industry: AM outperforms 67.79% of its industry peers.
AM has a Debt/Equity ratio of 1.47. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of AM (1.47) is worse than 74.52% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.47 | ||
| Debt/FCF | 4.32 | ||
| Altman-Z | 2.03 |
ROIC/WACC1.03
WACC8.92%
2.3 Liquidity
A Current Ratio of 1.17 indicates that AM should not have too much problems paying its short term obligations.
AM's Current ratio of 1.17 is in line compared to the rest of the industry. AM outperforms 51.44% of its industry peers.
A Quick Ratio of 1.17 indicates that AM should not have too much problems paying its short term obligations.
AM has a Quick ratio of 1.17. This is in the better half of the industry: AM outperforms 61.54% 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.
AM shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 3.44% yearly.
Looking at the last year, AM shows a small growth in Revenue. The Revenue has grown by 7.56% in the last 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)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
Based on estimates for the next years, AM will show a quite strong growth in Earnings Per Share. The EPS will grow by 14.93% on average per year.
AM is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.41% yearly.
EPS Next Y24.92%
EPS Next 2Y18.24%
EPS Next 3Y14.93%
EPS Next 5YN/A
Revenue Next Year6.87%
Revenue Next 2Y5.24%
Revenue Next 3Y4.41%
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.
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 18.73, the valuation of AM can be described as rather expensive.
The rest of the industry has a similar Price/Earnings ratio as AM.
AM's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.08.
With a Price/Forward Earnings ratio of 15.33, AM is valued correctly.
AM's Price/Forward Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.72, AM is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.73 | ||
| Fwd PE | 15.33 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, AM is valued a bit more expensive than 62.98% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, AM is valued a bit cheaper than the industry average as 67.79% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.8 | ||
| EV/EBITDA | 12.86 |
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.
AM has a very decent profitability rating, which may justify a higher PE ratio.
AM's earnings are expected to grow with 14.93% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.75
PEG (5Y)N/A
EPS Next 2Y18.24%
EPS Next 3Y14.93%
5. Dividend
5.1 Amount
AM has a Yearly Dividend Yield of 5.08%, which is a nice return.
Compared to an average industry Dividend Yield of 6.29, AM pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.34, AM pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.08% |
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.
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
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%
17.79
-0.05 (-0.28%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners58.02%
Inst Owner Change1%
Ins Owners1.32%
Ins Owner Change0.96%
Market Cap8.51B
Analysts46.25
Price Target18.45 (3.71%)
Short Float %2.79%
Short Ratio3.26
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.08% |
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)6.9%
PT rev (3m)9.05%
EPS NQ rev (1m)-1.04%
EPS NQ rev (3m)0.69%
EPS NY rev (1m)2.7%
EPS NY rev (3m)3.14%
Revenue NQ rev (1m)1.6%
Revenue NQ rev (3m)1.43%
Revenue NY rev (1m)2.02%
Revenue NY rev (3m)2.36%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.73 | ||
| Fwd PE | 15.33 | ||
| P/S | 7.38 | ||
| P/FCF | 11.8 | ||
| P/OCF | 9.65 | ||
| P/B | 4.02 | ||
| P/tB | 8.77 | ||
| EV/EBITDA | 12.86 |
EPS(TTM)0.95
EY5.34%
EPS(NY)1.16
Fwd EY6.52%
FCF(TTM)1.51
FCFY8.47%
OCF(TTM)1.84
OCFY10.36%
SpS2.41
BVpS4.42
TBVpS2.03
PEG (NY)0.75
PEG (5Y)N/A
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%
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-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 | 2.03 |
F-Score8
WACC8.92%
ROIC/WACC1.03
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 Year6.87%
Revenue Next 2Y5.24%
Revenue Next 3Y4.41%
Revenue Next 5YN/A
EBIT growth 1Y10.19%
EBIT growth 3Y5.39%
EBIT growth 5Y12.68%
EBIT Next Year45.53%
EBIT Next 3Y15.6%
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%