A-MARK PRECIOUS METALS INC (AMRK) Stock Fundamental Analysis
USA - NASDAQ:AMRK - US00181T1079 - Common Stock
27.15 USD
+0.61 (+2.3%)
27 USD
-0.15 (-0.55%)
We assign a fundamental rating of 4 out of 10 to AMRK. AMRK was compared to 22 industry peers in the Distributors industry. AMRK has a bad profitability rating. Also its financial health evaluation is rather negative. AMRK is not valued too expensively and it also shows a decent 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.
AMRK had positive earnings in each of the past 5 years.
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 50.00% of the companies in the same industry.
AMRK has a Return On Equity (2.67%) which is in line with its industry peers.
Looking at the Return On Invested Capital, with a value of 2.46%, AMRK is in line with its industry, outperforming 40.91% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for AMRK is significantly below the industry average of 15.24%.
| 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
AMRK has a Profit Margin of 0.16%. This is comparable to the rest of the industry: AMRK outperforms 50.00% of its industry peers.
In the last couple of years the Profit Margin of AMRK has declined.
AMRK's Operating Margin of 0.46% is in line compared to the rest of the industry. AMRK outperforms 40.91% of its industry peers.
AMRK's Operating Margin has declined in the last couple of years.
AMRK has a worse Gross Margin (1.92%) than 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.
Compared to 5 years ago, AMRK has more shares outstanding
Compared to 1 year ago, AMRK has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 5.92 indicates that AMRK is not in any danger for bankruptcy at the moment.
With a decent Altman-Z score value of 5.92, AMRK is doing good in the industry, outperforming 68.18% of the companies in the same industry.
The Debt to FCF ratio of AMRK is 6.23, which is on the high side as it means it would take AMRK, 6.23 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of AMRK (6.23) is comparable to the rest of the industry.
AMRK has a Debt/Equity ratio of 1.35. This is a high value indicating a heavy dependency on external financing.
AMRK's Debt to Equity ratio of 1.35 is on the low side compared to the rest of the industry. AMRK is outperformed by 72.73% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.35 | ||
| Debt/FCF | 6.23 | ||
| Altman-Z | 5.92 |
ROIC/WACC0.27
WACC9.14%
2.3 Liquidity
A Current Ratio of 1.56 indicates that AMRK should not have too much problems paying its short term obligations.
AMRK has a Current ratio (1.56) which is comparable to the rest of the industry.
AMRK has a Quick Ratio of 1.56. This is a bad value and indicates that AMRK is not financially healthy enough and could expect problems in meeting its short term obligations.
AMRK has a Quick ratio of 0.42. This is amonst the worse of the industry: AMRK underperforms 81.82% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.56 | ||
| Quick Ratio | 0.42 |
3. Growth
3.1 Past
AMRK shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -53.74%.
AMRK shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -14.41% yearly.
Looking at the last year, AMRK shows a quite strong growth in Revenue. The Revenue has grown by 13.19% in the last year.
AMRK shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 14.99% yearly.
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
Based on estimates for the next years, AMRK will show a very strong growth in Earnings Per Share. The EPS will grow by 46.99% on average per year.
Based on estimates for the next years, AMRK will show a small growth in Revenue. The Revenue will grow by 4.15% on average per year.
EPS Next Y112.76%
EPS Next 2Y76.98%
EPS Next 3Y83.94%
EPS Next 5Y46.99%
Revenue Next Year-2.03%
Revenue Next 2Y2.08%
Revenue Next 3Y4.88%
Revenue Next 5Y4.15%
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 accelerating.
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
Based on the Price/Earnings ratio of 27.42, the valuation of AMRK can be described as expensive.
63.64% of the companies in the same industry are more expensive than AMRK, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 27.41, AMRK is valued at the same level.
A Price/Forward Earnings ratio of 12.89 indicates a correct valuation of AMRK.
Based on the Price/Forward Earnings ratio, AMRK is valued cheaper than 86.36% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.88, AMRK is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.42 | ||
| Fwd PE | 12.89 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as AMRK.
95.45% of the companies in the same industry are more expensive than AMRK, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.72 | ||
| EV/EBITDA | 12.58 |
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.
A more expensive valuation may be justified as AMRK's earnings are expected to grow with 83.94% in the coming years.
PEG (NY)0.24
PEG (5Y)N/A
EPS Next 2Y76.98%
EPS Next 3Y83.94%
5. Dividend
5.1 Amount
AMRK has a Yearly Dividend Yield of 2.89%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 2.93, AMRK pays a better dividend. On top of this AMRK pays more dividend than 86.36% of the companies listed in the same industry.
AMRK's Dividend Yield is a higher than the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.89% |
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 2Y76.98%
EPS Next 3Y83.94%
27.15
+0.61 (+2.3%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustryDistributors
Earnings (Last)
Earnings (Next)
Inst Owners60.52%
Inst Owner Change7.86%
Ins Owners16.34%
Ins Owner Change0.97%
Market Cap668.43M
Analysts80
Price Target41.31 (52.15%)
Short Float %8.61%
Short Ratio6.63
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.89% |
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)-6.04%
EPS NQ rev (3m)-6.04%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)-2.45%
Revenue NQ rev (3m)-2.45%
Revenue NY rev (1m)-4.7%
Revenue NY rev (3m)-4.7%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.42 | ||
| Fwd PE | 12.89 | ||
| P/S | 0.06 | ||
| P/FCF | 4.72 | ||
| P/OCF | 4.39 | ||
| P/B | 1.03 | ||
| P/tB | 2.36 | ||
| EV/EBITDA | 12.58 |
EPS(TTM)0.99
EY3.65%
EPS(NY)2.11
Fwd EY7.76%
FCF(TTM)5.75
FCFY21.19%
OCF(TTM)6.19
OCFY22.79%
SpS445.92
BVpS26.38
TBVpS11.52
PEG (NY)0.24
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 | 5.92 |
F-Score5
WACC9.14%
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 Y112.76%
EPS Next 2Y76.98%
EPS Next 3Y83.94%
EPS Next 5Y46.99%
Revenue 1Y (TTM)13.19%
Revenue growth 3Y10.4%
Revenue growth 5Y14.99%
Sales Q2Q%-0.51%
Revenue Next Year-2.03%
Revenue Next 2Y2.08%
Revenue Next 3Y4.88%
Revenue Next 5Y4.15%
EBIT growth 1Y-31.39%
EBIT growth 3Y-31.74%
EBIT growth 5Y7.44%
EBIT Next Year166.12%
EBIT Next 3Y57.52%
EBIT Next 5Y40.44%
FCF growth 1Y213.68%
FCF growth 3YN/A
FCF growth 5Y24.72%
OCF growth 1Y150.02%
OCF growth 3YN/A
OCF growth 5Y26.02%