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AssetMark Financial Holdings Inc (AMK) Stock Fundamental Analysis

NYSE:AMK - US04546L1061 - Common Stock

35.24 USD
-0.02 (-0.06%)
Last: 9/4/2024, 8:18:01 PM
35.25 USD
+0.01 (+0.03%)
After Hours: 9/4/2024, 8:18:01 PM
Fundamental Rating

6

Taking everything into account, AMK scores 6 out of 10 in our fundamental rating. AMK was compared to 238 industry peers in the Capital Markets industry. Both the health and profitability get an excellent rating, making AMK a very profitable company, without any liquidiy or solvency issues. AMK is not valued too expensively and it also shows a decent growth rate. This makes AMK very considerable for quality investing!


Dividend Valuation Growth Profitability Health

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7

1. Profitability

1.1 Basic Checks

AMK had positive earnings in the past year.
In the past year AMK had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: AMK reported negative net income in multiple years.
AMK had a positive operating cash flow in each of the past 5 years.
AMK Yearly Net Income VS EBIT VS OCF VS FCFAMK Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2017 2018 2019 2020 2021 2022 2023 0 50M 100M 150M

1.2 Ratios

The Return On Assets of AMK (8.86%) is better than 85.65% of its industry peers.
Looking at the Return On Equity, with a value of 10.65%, AMK is in line with its industry, outperforming 58.80% of the companies in the same industry.
AMK has a better Return On Invested Capital (10.75%) than 84.72% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for AMK is in line with the industry average of 7.60%.
The 3 year average ROIC (6.53%) for AMK is below the current ROIC(10.75%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 8.86%
ROE 10.65%
ROIC 10.75%
ROA(3y)5.44%
ROA(5y)3.13%
ROE(3y)7.14%
ROE(5y)4.1%
ROIC(3y)6.53%
ROIC(5y)4.35%
AMK Yearly ROA, ROE, ROICAMK Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2017 2018 2019 2020 2021 2022 2023 0 2 4 6 8 10

1.3 Margins

Looking at the Profit Margin, with a value of 19.43%, AMK is in line with its industry, outperforming 56.02% of the companies in the same industry.
In the last couple of years the Profit Margin of AMK has grown nicely.
AMK has a Operating Margin (30.00%) which is comparable to the rest of the industry.
In the last couple of years the Operating Margin of AMK has grown nicely.
AMK has a Gross Margin of 77.45%. This is amongst the best in the industry. AMK outperforms 80.09% of its industry peers.
In the last couple of years the Gross Margin of AMK has grown nicely.
Industry RankSector Rank
OM 30%
PM (TTM) 19.43%
GM 77.45%
OM growth 3Y173.66%
OM growth 5Y12.1%
PM growth 3YN/A
PM growth 5Y11.06%
GM growth 3Y3.85%
GM growth 5Y2.66%
AMK Yearly Profit, Operating, Gross MarginsAMK Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2017 2018 2019 2020 2021 2022 2023 0 20 40 60

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8

2. Health

2.1 Basic Checks

The number of shares outstanding for AMK has been increased compared to 1 year ago.
The number of shares outstanding for AMK has been increased compared to 5 years ago.
Compared to 1 year ago, AMK has an improved debt to assets ratio.
AMK Yearly Shares OutstandingAMK Yearly Shares OutstandingYearly Shares Outstanding 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M
AMK Yearly Total Debt VS Total AssetsAMK Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2017 2018 2019 2020 2021 2022 2023 500M 1B 1.5B

2.2 Solvency

AMK has an Altman-Z score of 7.20. This indicates that AMK is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of AMK (7.20) is better than 91.20% of its industry peers.
AMK has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Altman-Z 7.2
ROIC/WACCN/A
WACCN/A
AMK Yearly LT Debt VS Equity VS FCFAMK Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M 800M 1B

2.3 Liquidity

A Current Ratio of 3.27 indicates that AMK has no problem at all paying its short term obligations.
With an excellent Current ratio value of 3.27, AMK belongs to the best of the industry, outperforming 81.94% of the companies in the same industry.
AMK has a Quick Ratio of 3.27. This indicates that AMK is financially healthy and has no problem in meeting its short term obligations.
AMK has a better Quick ratio (3.27) than 81.94% of its industry peers.
Industry RankSector Rank
Current Ratio 3.27
Quick Ratio 3.27
AMK Yearly Current Assets VS Current LiabilitesAMK Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M 200M 250M

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5

3. Growth

3.1 Past

AMK shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 22.89%, which is quite impressive.
Measured over the past years, AMK shows a very strong growth in Earnings Per Share. The EPS has been growing by 23.75% on average per year.
AMK shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 8.67%.
Measured over the past years, AMK shows a quite strong growth in Revenue. The Revenue has been growing by 14.27% on average per year.
EPS 1Y (TTM)22.89%
EPS 3Y31.37%
EPS 5Y23.75%
EPS Q2Q%20%
Revenue 1Y (TTM)8.67%
Revenue growth 3Y17.92%
Revenue growth 5Y14.27%
Sales Q2Q%4.11%

3.2 Future

Based on estimates for the next years, AMK will show a small growth in Earnings Per Share. The EPS will grow by 7.93% on average per year.
Based on estimates for the next years, AMK will show a small growth in Revenue. The Revenue will grow by 4.07% on average per year.
EPS Next Y16.44%
EPS Next 2Y10.33%
EPS Next 3Y6.26%
EPS Next 5Y7.93%
Revenue Next Year-6.11%
Revenue Next 2Y-1.18%
Revenue Next 3Y0.72%
Revenue Next 5Y4.07%

3.3 Evolution

The EPS growth rate is decreasing: in the next years the growth will be less 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.
AMK Yearly Revenue VS EstimatesAMK Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 200M 400M 600M
AMK Yearly EPS VS EstimatesAMK Yearly EPS VS EstimatesYearly EPS VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 1 2 3

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5

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 14.27, which indicates a correct valuation of AMK.
The rest of the industry has a similar Price/Earnings ratio as AMK.
When comparing the Price/Earnings ratio of AMK to the average of the S&P500 Index (27.08), we can say AMK is valued slightly cheaper.
AMK is valuated correctly with a Price/Forward Earnings ratio of 12.64.
AMK's Price/Forward Earnings is on the same level as the industry average.
The average S&P500 Price/Forward Earnings ratio is at 22.67. AMK is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 14.27
Fwd PE 12.64
AMK Price Earnings VS Forward Price EarningsAMK Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, AMK is valued cheaply inside the industry as 87.04% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of AMK is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 21.82
EV/EBITDA 9.25
AMK Per share dataAMK EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

4.3 Compensation for Growth

AMK's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of AMK may justify a higher PE ratio.
PEG (NY)0.87
PEG (5Y)0.6
EPS Next 2Y10.33%
EPS Next 3Y6.26%

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0

5. Dividend

5.1 Amount

No dividends for AMK!.
Industry RankSector Rank
Dividend Yield N/A

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AssetMark Financial Holdings Inc

NYSE:AMK (9/4/2024, 8:18:01 PM)

After market: 35.25 +0.01 (+0.03%)

35.24

-0.02 (-0.06%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)07-18 2024-07-18/amc
Earnings (Next)11-04 2024-11-04/amc
Inst Owners0.72%
Inst Owner Change0%
Ins Owners3.83%
Ins Owner Change0%
Market Cap2.64B
Analysts72.5
Price Target37.13 (5.36%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-1.44%
Min EPS beat(2)-1.49%
Max EPS beat(2)-1.4%
EPS beat(4)2
Avg EPS beat(4)1.18%
Min EPS beat(4)-1.49%
Max EPS beat(4)5.84%
EPS beat(8)4
Avg EPS beat(8)1.65%
EPS beat(12)7
Avg EPS beat(12)2.09%
EPS beat(16)10
Avg EPS beat(16)2.94%
Revenue beat(2)0
Avg Revenue beat(2)-2.14%
Min Revenue beat(2)-2.48%
Max Revenue beat(2)-1.79%
Revenue beat(4)1
Avg Revenue beat(4)3.36%
Min Revenue beat(4)-16.64%
Max Revenue beat(4)34.37%
Revenue beat(8)4
Avg Revenue beat(8)2.49%
Revenue beat(12)8
Avg Revenue beat(12)11.44%
Revenue beat(16)12
Avg Revenue beat(16)19.73%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-1.45%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.13%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.65%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.49%
Valuation
Industry RankSector Rank
PE 14.27
Fwd PE 12.64
P/S 3.58
P/FCF 21.82
P/OCF 15.64
P/B 1.96
P/tB 43.75
EV/EBITDA 9.25
EPS(TTM)2.47
EY7.01%
EPS(NY)2.79
Fwd EY7.91%
FCF(TTM)1.62
FCFY4.58%
OCF(TTM)2.25
OCFY6.39%
SpS9.85
BVpS17.98
TBVpS0.81
PEG (NY)0.87
PEG (5Y)0.6
Profitability
Industry RankSector Rank
ROA 8.86%
ROE 10.65%
ROCE 14.43%
ROIC 10.75%
ROICexc 12.47%
ROICexgc 447.49%
OM 30%
PM (TTM) 19.43%
GM 77.45%
FCFM 16.39%
ROA(3y)5.44%
ROA(5y)3.13%
ROE(3y)7.14%
ROE(5y)4.1%
ROIC(3y)6.53%
ROIC(5y)4.35%
ROICexc(3y)7.43%
ROICexc(5y)4.92%
ROICexgc(3y)420.6%
ROICexgc(5y)N/A
ROCE(3y)8.77%
ROCE(5y)5.83%
ROICexcg growth 3Y241.08%
ROICexcg growth 5YN/A
ROICexc growth 3Y204.19%
ROICexc growth 5Y21.2%
OM growth 3Y173.66%
OM growth 5Y12.1%
PM growth 3YN/A
PM growth 5Y11.06%
GM growth 3Y3.85%
GM growth 5Y2.66%
F-Score8
Asset Turnover0.46
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Debt/EBITDA 0
Cap/Depr 123.53%
Cap/Sales 6.48%
Interest Coverage 26.26
Cash Conversion 64.87%
Profit Quality 84.33%
Current Ratio 3.27
Quick Ratio 3.27
Altman-Z 7.2
F-Score8
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)163.76%
Cap/Depr(5y)129.64%
Cap/Sales(3y)8.88%
Cap/Sales(5y)7.75%
Profit Quality(3y)175.31%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)22.89%
EPS 3Y31.37%
EPS 5Y23.75%
EPS Q2Q%20%
EPS Next Y16.44%
EPS Next 2Y10.33%
EPS Next 3Y6.26%
EPS Next 5Y7.93%
Revenue 1Y (TTM)8.67%
Revenue growth 3Y17.92%
Revenue growth 5Y14.27%
Sales Q2Q%4.11%
Revenue Next Year-6.11%
Revenue Next 2Y-1.18%
Revenue Next 3Y0.72%
Revenue Next 5Y4.07%
EBIT growth 1Y46.53%
EBIT growth 3Y222.7%
EBIT growth 5Y28.1%
EBIT Next Year24.57%
EBIT Next 3Y10.53%
EBIT Next 5Y10.69%
FCF growth 1Y26.81%
FCF growth 3Y38.63%
FCF growth 5Y23.51%
OCF growth 1Y28.71%
OCF growth 3Y31.45%
OCF growth 5Y23.14%