A-MARK PRECIOUS METALS INC (AMRK) Stock Fundamental Analysis
USA - NASDAQ:AMRK - US00181T1079 - Common Stock
25.58 USD
-0.18 (-0.7%)
25.87 USD
+0.29 (+1.13%)
AMRK gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 22 industry peers in the Distributors industry. AMRK may be in some trouble as it scores bad on both profitability and health. AMRK has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year AMRK was profitable.
AMRK had a positive operating cash flow in the past year.
In the past 5 years AMRK has always been profitable.
In multiple years AMRK reported negative operating cash flow during the last 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 0.78%, AMRK is in line with its industry, outperforming 54.55% of the companies in the same industry.
The Return On Equity of AMRK (2.67%) is comparable to the rest of the industry.
The Return On Invested Capital of AMRK (2.46%) is comparable to the rest of the industry.
AMRK had an Average Return On Invested Capital over the past 3 years of 6.45%. This is significantly below the industry average of 14.09%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.78% | ||
| ROE | 2.67% | ||
| ROIC | 2.46% |
ROA(3y)4.88%
ROA(5y)7.45%
ROE(3y)13.35%
ROE(5y)22.24%
ROIC(3y)6.45%
ROIC(5y)8.55%
1.3 Margins
With a Profit Margin value of 0.16%, AMRK perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
AMRK's Profit Margin has declined in the last couple of years.
The Operating Margin of AMRK (0.46%) is comparable to the rest of the industry.
In the last couple of years the Operating Margin of AMRK has declined.
AMRK's Gross Margin of 1.92% is on the low side compared to the rest of the industry. AMRK is outperformed by 81.82% of its industry peers.
AMRK's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 0.46% | ||
| PM (TTM) | 0.16% | ||
| GM | 1.92% |
OM growth 3Y-38.17%
OM growth 5Y-6.56%
PM growth 3Y-54.03%
PM growth 5Y-22.34%
GM growth 3Y-15.72%
GM growth 5Y9.38%
2. Health
2.1 Basic Checks
AMRK has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for AMRK has been increased compared to 1 year ago.
The number of shares outstanding for AMRK has been increased compared to 5 years ago.
The debt/assets ratio for AMRK has been reduced compared to a year ago.
2.2 Solvency
AMRK has an Altman-Z score of 5.91. This indicates that AMRK is financially healthy and has little risk of bankruptcy at the moment.
AMRK's Altman-Z score of 5.91 is fine compared to the rest of the industry. AMRK outperforms 72.73% of its industry peers.
AMRK has a debt to FCF ratio of 6.23. This is a slightly negative value and a sign of low solvency as AMRK would need 6.23 years to pay back of all of its debts.
AMRK has a better Debt to FCF ratio (6.23) than 63.64% of its industry peers.
A Debt/Equity ratio of 1.35 is on the high side and indicates that AMRK has dependencies on debt financing.
The Debt to Equity ratio of AMRK (1.35) is worse than 72.73% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.35 | ||
| Debt/FCF | 6.23 | ||
| Altman-Z | 5.91 |
ROIC/WACC0.27
WACC9.02%
2.3 Liquidity
A Current Ratio of 1.56 indicates that AMRK should not have too much problems paying its short term obligations.
The Current ratio of AMRK (1.56) is comparable to the rest of the industry.
A Quick Ratio of 0.42 indicates that AMRK may have some problems paying its short term obligations.
With a Quick ratio value of 0.42, AMRK is not doing good in the industry: 81.82% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.56 | ||
| Quick Ratio | 0.42 |
3. Growth
3.1 Past
The earnings per share for AMRK have decreased strongly by -53.74% in the last year.
Measured over the past years, AMRK shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -14.41% on average per year.
AMRK shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 13.19%.
The Revenue has been growing by 14.99% on average over the past years. This is quite good.
EPS 1Y (TTM)-53.74%
EPS 3Y-43.33%
EPS 5Y-14.41%
EPS Q2Q%-30.51%
Revenue 1Y (TTM)13.19%
Revenue growth 3Y10.4%
Revenue growth 5Y14.99%
Sales Q2Q%-0.51%
3.2 Future
The Earnings Per Share is expected to grow by 46.99% on average over the next years. This is a very strong growth
Based on estimates for the next years, AMRK will show a small growth in Revenue. The Revenue will grow by 5.60% on average per year.
EPS Next Y118.55%
EPS Next 2Y80.59%
EPS Next 3Y71.67%
EPS Next 5Y46.99%
Revenue Next Year-4.13%
Revenue Next 2Y2.08%
Revenue Next 3Y4.88%
Revenue Next 5Y5.6%
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
A Price/Earnings ratio of 25.84 indicates a quite expensive valuation of AMRK.
Compared to the rest of the industry, the Price/Earnings ratio of AMRK indicates a somewhat cheap valuation: AMRK is cheaper than 63.64% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.76, AMRK is valued at the same level.
The Price/Forward Earnings ratio is 11.82, which indicates a very decent valuation of AMRK.
AMRK's Price/Forward Earnings ratio is rather cheap when compared to the industry. AMRK is cheaper than 86.36% of the companies in the same industry.
AMRK is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 23.21, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.84 | ||
| Fwd PE | 11.82 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as AMRK.
Based on the Price/Free Cash Flow ratio, AMRK is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.45 | ||
| EV/EBITDA | 12.27 |
4.3 Compensation for Growth
AMRK's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
AMRK's earnings are expected to grow with 71.67% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.22
PEG (5Y)N/A
EPS Next 2Y80.59%
EPS Next 3Y71.67%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.03%, AMRK has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.15, AMRK pays a better dividend. On top of this AMRK pays more dividend than 86.36% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.44, AMRK pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.03% |
5.2 History
AMRK has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
AMRK pays out 108.57% of its income as dividend. This is not a sustainable payout ratio.
DP108.57%
EPS Next 2Y80.59%
EPS Next 3Y71.67%
25.58
-0.18 (-0.7%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustryDistributors
Earnings (Last)
Earnings (Next)
Inst Owners63.59%
Inst Owner Change0%
Ins Owners16.4%
Ins Owner Change0.81%
Market Cap630.29M
Analysts80
Price Target41.31 (61.49%)
Short Float %8.52%
Short Ratio5.52
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.03% |
Yearly Dividend0.79
Dividend Growth(5Y)N/A
DP108.57%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-59.25%
Min EPS beat(2)-110%
Max EPS beat(2)-8.49%
EPS beat(4)0
Avg EPS beat(4)-57.69%
Min EPS beat(4)-110%
Max EPS beat(4)-8.49%
EPS beat(8)0
Avg EPS beat(8)-46.86%
EPS beat(12)3
Avg EPS beat(12)-25.2%
EPS beat(16)7
Avg EPS beat(16)-9%
Revenue beat(2)1
Avg Revenue beat(2)-4.97%
Min Revenue beat(2)-15.31%
Max Revenue beat(2)5.36%
Revenue beat(4)3
Avg Revenue beat(4)-0.13%
Min Revenue beat(4)-15.31%
Max Revenue beat(4)7.92%
Revenue beat(8)5
Avg Revenue beat(8)2.92%
Revenue beat(12)7
Avg Revenue beat(12)4.65%
Revenue beat(16)8
Avg Revenue beat(16)2.3%
PT rev (1m)1.25%
PT rev (3m)1.25%
EPS NQ rev (1m)3.05%
EPS NQ rev (3m)3.05%
EPS NY rev (1m)2.72%
EPS NY rev (3m)2.72%
Revenue NQ rev (1m)-4.69%
Revenue NQ rev (3m)-4.69%
Revenue NY rev (1m)-6.74%
Revenue NY rev (3m)-6.74%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.84 | ||
| Fwd PE | 11.82 | ||
| P/S | 0.06 | ||
| P/FCF | 4.45 | ||
| P/OCF | 4.14 | ||
| P/B | 0.97 | ||
| P/tB | 2.22 | ||
| EV/EBITDA | 12.27 |
EPS(TTM)0.99
EY3.87%
EPS(NY)2.16
Fwd EY8.46%
FCF(TTM)5.75
FCFY22.48%
OCF(TTM)6.18
OCFY24.17%
SpS445.56
BVpS26.36
TBVpS11.51
PEG (NY)0.22
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.78% | ||
| ROE | 2.67% | ||
| ROCE | 4.62% | ||
| ROIC | 2.46% | ||
| ROICexc | 2.58% | ||
| ROICexgc | 3.38% | ||
| OM | 0.46% | ||
| PM (TTM) | 0.16% | ||
| GM | 1.92% | ||
| FCFM | 1.29% |
ROA(3y)4.88%
ROA(5y)7.45%
ROE(3y)13.35%
ROE(5y)22.24%
ROIC(3y)6.45%
ROIC(5y)8.55%
ROICexc(3y)6.68%
ROICexc(5y)9.06%
ROICexgc(3y)8.03%
ROICexgc(5y)11.08%
ROCE(3y)14.86%
ROCE(5y)20.52%
ROICexcg growth 3Y-36.5%
ROICexcg growth 5Y-9.18%
ROICexc growth 3Y-38.7%
ROICexc growth 5Y-13.46%
OM growth 3Y-38.17%
OM growth 5Y-6.56%
PM growth 3Y-54.03%
PM growth 5Y-22.34%
GM growth 3Y-15.72%
GM growth 5Y9.38%
F-Score5
Asset Turnover4.96
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.35 | ||
| Debt/FCF | 6.23 | ||
| Debt/EBITDA | 11.92 | ||
| Cap/Depr | 46.59% | ||
| Cap/Sales | 0.1% | ||
| Interest Coverage | 1.19 | ||
| Cash Conversion | 206.56% | ||
| Profit Quality | 817.95% | ||
| Current Ratio | 1.56 | ||
| Quick Ratio | 0.42 | ||
| Altman-Z | 5.91 |
F-Score5
WACC9.02%
ROIC/WACC0.27
Cap/Depr(3y)87.67%
Cap/Depr(5y)58.62%
Cap/Sales(3y)0.12%
Cap/Sales(5y)0.09%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-53.74%
EPS 3Y-43.33%
EPS 5Y-14.41%
EPS Q2Q%-30.51%
EPS Next Y118.55%
EPS Next 2Y80.59%
EPS Next 3Y71.67%
EPS Next 5Y46.99%
Revenue 1Y (TTM)13.19%
Revenue growth 3Y10.4%
Revenue growth 5Y14.99%
Sales Q2Q%-0.51%
Revenue Next Year-4.13%
Revenue Next 2Y2.08%
Revenue Next 3Y4.88%
Revenue Next 5Y5.6%
EBIT growth 1Y-31.39%
EBIT growth 3Y-31.74%
EBIT growth 5Y7.44%
EBIT Next Year171.12%
EBIT Next 3Y64.85%
EBIT Next 5Y42.53%
FCF growth 1Y213.68%
FCF growth 3YN/A
FCF growth 5Y24.72%
OCF growth 1Y150.02%
OCF growth 3YN/A
OCF growth 5Y26.02%