A-MARK PRECIOUS METALS INC (AMRK) Stock Fundamental Analysis
NASDAQ:AMRK - Nasdaq - US00181T1079 - Common Stock - Currency: USD
Overall AMRK gets a fundamental rating of 5 out of 10. We evaluated AMRK against 19 industry peers in the Distributors industry. Both the profitability and the financial health of AMRK get a neutral evaluation. Nothing too spectacular is happening here. AMRK is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
AMRK had positive earnings in the past year.
AMRK had a positive operating cash flow in the past year.
Each year in the past 5 years AMRK has been profitable.
In multiple years AMRK reported negative operating cash flow during the last 5 years.
1.2 Ratios
AMRK's Return On Assets of 1.74% is in line compared to the rest of the industry. AMRK outperforms 47.37% of its industry peers.
AMRK has a Return On Equity of 5.89%. This is comparable to the rest of the industry: AMRK outperforms 47.37% of its industry peers.
AMRK has a worse Return On Invested Capital (2.37%) than 63.16% of its industry peers.
AMRK had an Average Return On Invested Capital over the past 3 years of 9.40%. This is significantly below the industry average of 18.59%.
The last Return On Invested Capital (2.37%) for AMRK is well below the 3 year average (9.40%), which needs to be investigated, but indicates that AMRK had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.74% | ||
| ROE | 5.89% | ||
| ROIC | 2.37% |
ROA(3y)7.68%
ROA(5y)8.09%
ROE(3y)21.5%
ROE(5y)27.74%
ROIC(3y)9.4%
ROIC(5y)9.18%
1.3 Margins
AMRK has a Profit Margin of 0.35%. This is comparable to the rest of the industry: AMRK outperforms 47.37% of its industry peers.
In the last couple of years the Profit Margin of AMRK has grown nicely.
The Operating Margin of AMRK (0.44%) is worse than 63.16% of its industry peers.
In the last couple of years the Operating Margin of AMRK has grown nicely.
The Gross Margin of AMRK (1.57%) is worse than 84.21% of its industry peers.
AMRK's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 0.44% | ||
| PM (TTM) | 0.35% | ||
| GM | 1.57% |
OM growth 3Y-27.47%
OM growth 5Y98.04%
PM growth 3Y-30.4%
PM growth 5Y72.71%
GM growth 3Y-13.51%
GM growth 5Y21.7%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), AMRK is creating some value.
AMRK has less shares outstanding than it did 1 year ago.
AMRK has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, AMRK has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 5.97 indicates that AMRK is not in any danger for bankruptcy at the moment.
The Altman-Z score of AMRK (5.97) is better than 68.42% of its industry peers.
AMRK has a debt to FCF ratio of 5.79. This is a neutral value as AMRK would need 5.79 years to pay back of all of its debts.
AMRK has a Debt to FCF ratio of 5.79. This is in the better half of the industry: AMRK outperforms 63.16% of its industry peers.
AMRK has a Debt/Equity ratio of 1.43. This is a high value indicating a heavy dependency on external financing.
With a Debt to Equity ratio value of 1.43, AMRK is not doing good in the industry: 78.95% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.43 | ||
| Debt/FCF | 5.79 | ||
| Altman-Z | 5.97 |
ROIC/WACC0.31
WACC7.64%
2.3 Liquidity
AMRK has a Current Ratio of 1.56. This is a normal value and indicates that AMRK is financially healthy and should not expect problems in meeting its short term obligations.
AMRK has a Current ratio (1.56) which is in line with its industry peers.
A Quick Ratio of 0.39 indicates that AMRK may have some problems paying its short term obligations.
AMRK has a worse Quick ratio (0.39) than 84.21% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.56 | ||
| Quick Ratio | 0.39 |
3. Growth
3.1 Past
AMRK shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -64.11%.
Measured over the past years, AMRK shows a very strong growth in Earnings Per Share. The EPS has been growing by 69.05% on average per year.
AMRK shows a small growth in Revenue. In the last year, the Revenue has grown by 6.78%.
Measured over the past years, AMRK shows a quite strong growth in Revenue. The Revenue has been growing by 15.19% on average per year.
EPS 1Y (TTM)-64.11%
EPS 3Y-40.58%
EPS 5Y69.05%
EPS Q2Q%-128.57%
Revenue 1Y (TTM)6.78%
Revenue growth 3Y8.41%
Revenue growth 5Y15.19%
Sales Q2Q%15.26%
3.2 Future
The Earnings Per Share is expected to grow by 24.79% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 7.38% on average over the next years.
EPS Next Y-66.15%
EPS Next 2Y-0.79%
EPS Next 3Y13.16%
EPS Next 5Y24.79%
Revenue Next Year14.97%
Revenue Next 2Y8.72%
Revenue Next 3Y7.7%
Revenue Next 5Y7.38%
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past 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
AMRK is valuated rather expensively with a Price/Earnings ratio of 19.52.
Based on the Price/Earnings ratio, AMRK is valued a bit cheaper than the industry average as 63.16% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 27.45. AMRK is valued slightly cheaper when compared to this.
Based on the Price/Forward Earnings ratio of 10.84, the valuation of AMRK can be described as reasonable.
AMRK's Price/Forward Earnings ratio is rather cheap when compared to the industry. AMRK is cheaper than 84.21% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 21.90. AMRK is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.52 | ||
| Fwd PE | 10.84 |
4.2 Price Multiples
AMRK's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. AMRK is cheaper than 63.16% of the companies in the same industry.
AMRK's Price/Free Cash Flow ratio is rather cheap when compared to the industry. AMRK is cheaper than 94.74% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.55 | ||
| EV/EBITDA | 11.55 |
4.3 Compensation for Growth
AMRK's earnings are expected to grow with 13.16% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)0.28
EPS Next 2Y-0.79%
EPS Next 3Y13.16%
5. Dividend
5.1 Amount
AMRK has a Yearly Dividend Yield of 3.65%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 2.65, AMRK pays a better dividend. On top of this AMRK pays more dividend than 100.00% of the companies listed in the same industry.
AMRK's Dividend Yield is rather good when compared to the S&P500 average which is at 2.42.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.65% |
5.2 History
The dividend of AMRK is nicely growing with an annual growth rate of 72.09%!
AMRK has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)72.09%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
AMRK pays out 48.67% of its income as dividend. This is a bit on the high side, but may be sustainable.
The dividend of AMRK is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP48.67%
EPS Next 2Y-0.79%
EPS Next 3Y13.16%
22.84
+0.11 (+0.48%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustryDistributors
Earnings (Last)
Earnings (Next)
Inst Owners60.11%
Inst Owner Change5.7%
Ins Owners16.34%
Ins Owner Change2.88%
Market Cap562.32M
Analysts80
Price Target40.8 (78.63%)
Short Float %8.1%
Short Ratio5.3
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.65% |
Yearly Dividend1.81
Dividend Growth(5Y)72.09%
DP48.67%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-81.89%
Min EPS beat(2)-110%
Max EPS beat(2)-53.77%
EPS beat(4)0
Avg EPS beat(4)-59.61%
Min EPS beat(4)-110%
Max EPS beat(4)-16.17%
EPS beat(8)1
Avg EPS beat(8)-43.72%
EPS beat(12)4
Avg EPS beat(12)-23.07%
EPS beat(16)8
Avg EPS beat(16)-2.8%
Revenue beat(2)2
Avg Revenue beat(2)6.64%
Min Revenue beat(2)5.36%
Max Revenue beat(2)7.92%
Revenue beat(4)3
Avg Revenue beat(4)1.45%
Min Revenue beat(4)-8.98%
Max Revenue beat(4)7.92%
Revenue beat(8)6
Avg Revenue beat(8)9.1%
Revenue beat(12)7
Avg Revenue beat(12)5.52%
Revenue beat(16)9
Avg Revenue beat(16)3.76%
PT rev (1m)-3.85%
PT rev (3m)-5.21%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-31.1%
EPS NY rev (1m)-28.28%
EPS NY rev (3m)-58.89%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)5.4%
Revenue NY rev (1m)0%
Revenue NY rev (3m)4.54%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.52 | ||
| Fwd PE | 10.84 | ||
| P/S | 0.05 | ||
| P/FCF | 3.55 | ||
| P/OCF | 3.34 | ||
| P/B | 0.87 | ||
| P/tB | 1.78 | ||
| EV/EBITDA | 11.55 |
EPS(TTM)1.17
EY5.12%
EPS(NY)2.11
Fwd EY9.22%
FCF(TTM)6.44
FCFY28.21%
OCF(TTM)6.83
OCFY29.92%
SpS446.45
BVpS26.14
TBVpS12.82
PEG (NY)N/A
PEG (5Y)0.28
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.74% | ||
| ROE | 5.89% | ||
| ROCE | 4.63% | ||
| ROIC | 2.37% | ||
| ROICexc | 2.54% | ||
| ROICexgc | 3.23% | ||
| OM | 0.44% | ||
| PM (TTM) | 0.35% | ||
| GM | 1.57% | ||
| FCFM | 1.44% |
ROA(3y)7.68%
ROA(5y)8.09%
ROE(3y)21.5%
ROE(5y)27.74%
ROIC(3y)9.4%
ROIC(5y)9.18%
ROICexc(3y)9.72%
ROICexc(5y)9.77%
ROICexgc(3y)11.49%
ROICexgc(5y)11.69%
ROCE(3y)22.11%
ROCE(5y)23.12%
ROICexcg growth 3Y-34.4%
ROICexcg growth 5Y100.78%
ROICexc growth 3Y-33.9%
ROICexc growth 5Y92.53%
OM growth 3Y-27.47%
OM growth 5Y98.04%
PM growth 3Y-30.4%
PM growth 5Y72.71%
GM growth 3Y-13.51%
GM growth 5Y21.7%
F-Score5
Asset Turnover5.03
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.43 | ||
| Debt/FCF | 5.79 | ||
| Debt/EBITDA | 13.91 | ||
| Cap/Depr | 55.95% | ||
| Cap/Sales | 0.09% | ||
| Interest Coverage | 1.21 | ||
| Cash Conversion | 254.83% | ||
| Profit Quality | 418.11% | ||
| Current Ratio | 1.56 | ||
| Quick Ratio | 0.39 | ||
| Altman-Z | 5.97 |
F-Score5
WACC7.64%
ROIC/WACC0.31
Cap/Depr(3y)75.66%
Cap/Depr(5y)56.13%
Cap/Sales(3y)0.1%
Cap/Sales(5y)0.07%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-64.11%
EPS 3Y-40.58%
EPS 5Y69.05%
EPS Q2Q%-128.57%
EPS Next Y-66.15%
EPS Next 2Y-0.79%
EPS Next 3Y13.16%
EPS Next 5Y24.79%
Revenue 1Y (TTM)6.78%
Revenue growth 3Y8.41%
Revenue growth 5Y15.19%
Sales Q2Q%15.26%
Revenue Next Year14.97%
Revenue Next 2Y8.72%
Revenue Next 3Y7.7%
Revenue Next 5Y7.38%
EBIT growth 1Y-55.53%
EBIT growth 3Y-21.37%
EBIT growth 5Y128.12%
EBIT Next Year-27.57%
EBIT Next 3Y19.53%
EBIT Next 5Y16.87%
FCF growth 1Y648.17%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y466.43%
OCF growth 3YN/A
OCF growth 5YN/A