IPATH SELECT MLP ETN (ATMP) Stock Fundamental Analysis

USA • NYSE Arca • NYSEARCA:ATMP • US06742C7231

31.5 USD
+0.1 (+0.32%)
At close: Feb 6, 2026
31.52 USD
+0.02 (+0.06%)
After Hours: 2/6/2026, 8:18:32 PM
Fundamental Rating

3

Taking everything into account, ATMP scores 3 out of 10 in our fundamental rating. ATMP was compared to 381 industry peers in the Banks industry. ATMP may be in some trouble as it scores bad on both profitability and health. ATMP is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

3

1. Profitability

1.1 Basic Checks

  • In the past year ATMP was profitable.
  • In the past year ATMP has reported a negative cash flow from operations.
  • In the past 5 years ATMP has always been profitable.
  • Of the past 5 years ATMP 4 years had a positive operating cash flow.
ATMP Yearly Net Income VS EBIT VS OCF VS FCFATMP Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20B 40B 60B

1.2 Ratios

  • ATMP has a worse Return On Assets (0.59%) than 72.97% of its industry peers.
  • ATMP has a better Return On Equity (12.49%) than 82.41% of its industry peers.
Industry RankSector Rank
ROA 0.59%
ROE 12.49%
ROIC N/A
ROA(3y)0.32%
ROA(5y)0.31%
ROE(3y)6.92%
ROE(5y)6.41%
ROIC(3y)N/A
ROIC(5y)N/A
ATMP Yearly ROA, ROE, ROICATMP Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2 -2 4 6 8

1.3 Margins

  • Looking at the Profit Margin, with a value of 20.33%, ATMP is doing worse than 66.40% of the companies in the same industry.
  • ATMP's Profit Margin has improved in the last couple of years.
  • ATMP does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) 20.33%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-11.91%
PM growth 5Y11.07%
GM growth 3YN/A
GM growth 5YN/A
ATMP Yearly Profit, Operating, Gross MarginsATMP Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 20

1

2. Health

2.1 Basic Checks

  • ATMP does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • Compared to 1 year ago, ATMP has less shares outstanding
  • The number of shares outstanding for ATMP has been reduced compared to 5 years ago.
  • Compared to 1 year ago, ATMP has about the same debt to assets ratio.
ATMP Yearly Shares OutstandingATMP Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B
ATMP Yearly Total Debt VS Total AssetsATMP Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 500B 1T 1.5T

2.2 Solvency

  • A Debt/Equity ratio of 3.86 is on the high side and indicates that ATMP has dependencies on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 3.86, ATMP is doing worse than 93.70% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 3.86
Debt/FCF N/A
Altman-Z N/A
ROIC/WACCN/A
WACC6.48%
ATMP Yearly LT Debt VS Equity VS FCFATMP Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20B 40B 60B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
ATMP Yearly Current Assets VS Current LiabilitesATMP Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 50B 100B 150B

5

3. Growth

3.1 Past

  • ATMP shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 36.69%, which is quite impressive.
  • Measured over the past years, ATMP shows a quite strong growth in Earnings Per Share. The EPS has been growing by 11.00% on average per year.
  • Looking at the last year, ATMP shows a small growth in Revenue. The Revenue has grown by 5.48% in the last year.
  • ATMP shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.03% yearly.
EPS 1Y (TTM)36.69%
EPS 3Y0.56%
EPS 5Y11%
EPS Q2Q%12.77%
Revenue 1Y (TTM)5.48%
Revenue growth 3Y7.82%
Revenue growth 5Y5.03%
Sales Q2Q%9.47%

3.2 Future

  • ATMP is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 11.28% yearly.
  • ATMP is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.45% yearly.
EPS Next Y12.53%
EPS Next 2Y17.93%
EPS Next 3Y17.34%
EPS Next 5Y11.28%
Revenue Next Year9.61%
Revenue Next 2Y7.35%
Revenue Next 3Y6.22%
Revenue Next 5Y4.45%

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 stable.
  • The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
ATMP Yearly Revenue VS EstimatesATMP Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 10B 20B 30B
ATMP Yearly EPS VS EstimatesATMP Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 1 2 3

5

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 12.21 indicates a correct valuation of ATMP.
  • Compared to the rest of the industry, the Price/Earnings ratio of ATMP indicates a somewhat cheap valuation: ATMP is cheaper than 60.89% of the companies listed in the same industry.
  • The average S&P500 Price/Earnings ratio is at 27.93. ATMP is valued rather cheaply when compared to this.
  • A Price/Forward Earnings ratio of 10.54 indicates a reasonable valuation of ATMP.
  • 62.73% of the companies in the same industry are more expensive than ATMP, based on the Price/Forward Earnings ratio.
  • ATMP's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.77.
Industry RankSector Rank
PE 12.21
Fwd PE 10.54
ATMP Price Earnings VS Forward Price EarningsATMP Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
ATMP Per share dataATMP EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20

4.3 Compensation for Growth

  • ATMP's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • ATMP's earnings are expected to grow with 17.34% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.97
PEG (5Y)1.11
EPS Next 2Y17.93%
EPS Next 3Y17.34%

5

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 1.82%, ATMP has a reasonable but not impressive dividend return.
  • ATMP's Dividend Yield is slightly below the industry average, which is at 2.53.
  • Compared to an average S&P500 Dividend Yield of 1.81, ATMP has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 1.82%

5.2 History

  • The dividend of ATMP is nicely growing with an annual growth rate of 6.61%!
  • ATMP has paid a dividend for at least 10 years, which is a reliable track record.
  • ATMP has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)6.61%
Div Incr Years3
Div Non Decr Years3
ATMP Yearly Dividends per shareATMP Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.5 1

5.3 Sustainability

  • ATMP's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DPN/A
EPS Next 2Y17.93%
EPS Next 3Y17.34%
ATMP Yearly Income VS Free CF VS DividendATMP Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20B 40B

IPATH SELECT MLP ETN

NYSEARCA:ATMP (2/6/2026, 8:18:32 PM)

After market: 31.52 +0.02 (+0.06%)

31.5

+0.1 (+0.32%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)10-22
Earnings (Next)02-10
Inst Owners53.44%
Inst Owner Change0.05%
Ins Owners0.11%
Ins Owner ChangeN/A
Market Cap108.87B
Revenue(TTM)47.27B
Net Income(TTM)9.48B
Analysts80
Price Target32.25 (2.38%)
Short Float %0.01%
Short Ratio7.04
Dividend
Industry RankSector Rank
Dividend Yield 1.82%
Yearly Dividend0.84
Dividend Growth(5Y)6.61%
DPN/A
Div Incr Years3
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)15.23%
Min EPS beat(2)13.75%
Max EPS beat(2)16.7%
EPS beat(4)4
Avg EPS beat(4)29.84%
Min EPS beat(4)13.75%
Max EPS beat(4)64.16%
EPS beat(8)8
Avg EPS beat(8)28.97%
EPS beat(12)12
Avg EPS beat(12)22.72%
EPS beat(16)16
Avg EPS beat(16)27.45%
Revenue beat(2)2
Avg Revenue beat(2)2.74%
Min Revenue beat(2)1.38%
Max Revenue beat(2)4.11%
Revenue beat(4)4
Avg Revenue beat(4)2.75%
Min Revenue beat(4)1.38%
Max Revenue beat(4)4.11%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)12.3%
PT rev (3m)5.43%
EPS NQ rev (1m)-4.09%
EPS NQ rev (3m)-4.09%
EPS NY rev (1m)1.32%
EPS NY rev (3m)1.92%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.16%
Valuation
Industry RankSector Rank
PE 12.21
Fwd PE 10.54
P/S 1.72
P/FCF N/A
P/OCF N/A
P/B 1.06
P/tB 1.18
EV/EBITDA N/A
EPS(TTM)2.58
EY8.19%
EPS(NY)2.99
Fwd EY9.49%
FCF(TTM)-3.99
FCFYN/A
OCF(TTM)-3.99
OCFYN/A
SpS18.34
BVpS29.85
TBVpS26.63
PEG (NY)0.97
PEG (5Y)1.11
Graham Number41.62
Profitability
Industry RankSector Rank
ROA 0.59%
ROE 12.49%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 20.33%
GM N/A
FCFM N/A
ROA(3y)0.32%
ROA(5y)0.31%
ROE(3y)6.92%
ROE(5y)6.41%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-11.91%
PM growth 5Y11.07%
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0.03
Health
Industry RankSector Rank
Debt/Equity 3.86
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score5
WACC6.48%
ROIC/WACCN/A
Cap/Depr(3y)89.52%
Cap/Depr(5y)85.55%
Cap/Sales(3y)5.72%
Cap/Sales(5y)5.93%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)36.69%
EPS 3Y0.56%
EPS 5Y11%
EPS Q2Q%12.77%
EPS Next Y12.53%
EPS Next 2Y17.93%
EPS Next 3Y17.34%
EPS Next 5Y11.28%
Revenue 1Y (TTM)5.48%
Revenue growth 3Y7.82%
Revenue growth 5Y5.03%
Sales Q2Q%9.47%
Revenue Next Year9.61%
Revenue Next 2Y7.35%
Revenue Next 3Y6.22%
Revenue Next 5Y4.45%
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-25.18%
FCF growth 3Y-51.04%
FCF growth 5YN/A
OCF growth 1Y-25.18%
OCF growth 3Y-47.42%
OCF growth 5YN/A

IPATH SELECT MLP ETN / ATMP FAQ

Can you provide the ChartMill fundamental rating for IPATH SELECT MLP ETN?

ChartMill assigns a fundamental rating of 3 / 10 to ATMP.


What is the valuation status for ATMP stock?

ChartMill assigns a valuation rating of 5 / 10 to IPATH SELECT MLP ETN (ATMP). This can be considered as Fairly Valued.


What is the profitability of ATMP stock?

IPATH SELECT MLP ETN (ATMP) has a profitability rating of 3 / 10.


What is the valuation of IPATH SELECT MLP ETN based on its PE and PB ratios?

The Price/Earnings (PE) ratio for IPATH SELECT MLP ETN (ATMP) is 12.21 and the Price/Book (PB) ratio is 1.06.