ASSETMARK FINANCIAL HOLDINGS (AMK)
US04546L1061 - Common Stock
Taking everything into account, AMK scores 6 out of 10 in our fundamental rating. AMK was compared to 210 industry peers in the Capital Markets industry. AMK gets an excellent profitability rating and is at the same time showing great financial health properties. AMK has a correct valuation and a medium growth rate. With these ratings, AMK could be worth investigating further for quality investing!.
1. Profitability
1.1 Basic Checks
In the past year AMK was profitable.
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.
1.2 Ratios
AMK has a better Return On Assets (7.60%) than 80.77% of its industry peers.
AMK has a Return On Equity of 9.72%. This is comparable to the rest of the industry: AMK outperforms 49.04% of its industry peers.
The Return On Invested Capital of AMK (8.52%) is better than 80.77% of its industry peers.
The Average Return On Invested Capital over the past 3 years for AMK is below the industry average of 10.68%.
The 3 year average ROIC (6.53%) for AMK is below the current ROIC(8.52%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.6% | ||
| ROE | 9.72% | ||
| ROIC | 8.52% |
ROA(3y)5.44%
ROA(5y)3.13%
ROE(3y)7.14%
ROE(5y)4.1%
ROIC(3y)6.53%
ROIC(5y)4.35%
1.3 Margins
AMK has a Profit Margin (17.38%) which is in line with its industry peers.
AMK's Profit Margin has improved in the last couple of years.
AMK has a Operating Margin of 24.93%. This is comparable to the rest of the industry: AMK outperforms 43.75% of its industry peers.
AMK's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 76.90%, AMK is in the better half of the industry, outperforming 78.37% of the companies in the same industry.
AMK's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 24.93% | ||
| PM (TTM) | 17.38% | ||
| GM | 76.9% |
OM growth 3Y173.66%
OM growth 5Y12.1%
PM growth 3YN/A
PM growth 5Y11.06%
GM growth 3Y3.85%
GM growth 5Y2.66%
2. Health
2.1 Basic Checks
The number of shares outstanding for AMK has been increased compared to 1 year ago.
AMK has more shares outstanding than it did 5 years ago.
The debt/assets ratio for AMK has been reduced compared to a year ago.
2.2 Solvency
AMK has an Altman-Z score of 5.49. This indicates that AMK is financially healthy and has little risk of bankruptcy at the moment.
AMK's Altman-Z score of 5.49 is amongst the best of the industry. AMK outperforms 87.02% of its industry peers.
AMK has a debt to FCF ratio of 0.73. This is a very positive value and a sign of high solvency as it would only need 0.73 years to pay back of all of its debts.
The Debt to FCF ratio of AMK (0.73) is better than 87.98% of its industry peers.
AMK has a Debt/Equity ratio of 0.07. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.07, AMK belongs to the top of the industry, outperforming 81.73% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.07 | ||
| Debt/FCF | 0.73 | ||
| Altman-Z | 5.49 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 3.84 indicates that AMK has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 3.84, AMK belongs to the top of the industry, outperforming 84.62% of the companies in the same industry.
AMK has a Quick Ratio of 3.84. This indicates that AMK is financially healthy and has no problem in meeting its short term obligations.
AMK's Quick ratio of 3.84 is amongst the best of the industry. AMK outperforms 84.62% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.84 | ||
| Quick Ratio | 3.84 |
3. Growth
3.1 Past
AMK shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 30.11%, which is quite impressive.
AMK shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 23.75% yearly.
AMK shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 14.59%.
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)30.11%
EPS 3Y31.37%
EPS 5Y23.75%
EPS growth Q2Q28.26%
Revenue 1Y (TTM)14.59%
Revenue growth 3Y17.92%
Revenue growth 5Y14.27%
Revenue growth Q2Q-3.61%
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 5.42% on average per year.
The Revenue is expected to grow by 1.60% on average over the next years.
EPS Next Y15.52%
EPS Next 2Y11.09%
EPS Next 3Y7.92%
EPS Next 5Y5.42%
Revenue Next Year-4.07%
Revenue Next 2Y1.78%
Revenue Next 3Y1.59%
Revenue Next 5Y1.6%
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 decreasing.
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
A Price/Earnings ratio of 14.82 indicates a correct valuation of AMK.
Compared to the rest of the industry, the Price/Earnings ratio of AMK is on the same level as its industry peers.
AMK is valuated rather cheaply when we compare the Price/Earnings ratio to 24.55, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 12.83, the valuation of AMK can be described as correct.
The rest of the industry has a similar Price/Forward Earnings ratio as AMK.
Compared to an average S&P500 Price/Forward Earnings ratio of 20.92, AMK is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.82 | ||
| Fwd PE | 12.83 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, AMK is valued a bit cheaper than 78.37% of the companies in the same industry.
AMK's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19.83 | ||
| EV/EBITDA | 11.1 |
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.
AMK has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)0.96
PEG (5Y)0.62
EPS Next 2Y11.09%
EPS Next 3Y7.92%
5. Dividend
5.1 Amount
AMK does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
ASSETMARK FINANCIAL HOLDINGS
NYSE:AMK (5/1/2024, 7:04:00 PM)
After market: 33.94 0 (0%)33.94
+0.13 (+0.38%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap2.53B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
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Surprises & Revisions
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Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.82 | ||
| Fwd PE | 12.83 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)0.96
PEG (5Y)0.62
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.6% | ||
| ROE | 9.72% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 24.93% | ||
| PM (TTM) | 17.38% | ||
| GM | 76.9% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.44
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.07 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 3.84 | ||
| Quick Ratio | 3.84 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)30.11%
EPS 3Y31.37%
EPS 5Y
EPS growth Q2Q
EPS Next Y15.52%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)14.59%
Revenue growth 3Y17.92%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
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EBIT growth 3Y
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