A-MARK PRECIOUS METALS INC (AMRK)
US00181T1079 - Common Stock
We assign a fundamental rating of 4 out of 10 to AMRK. AMRK was compared to 15 industry peers in the Distributors industry. While AMRK is still in line with the averages on profitability rating, there are concerns on its financial health. 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 negative 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
With a Return On Assets value of 2.89%, AMRK perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
AMRK has a Return On Equity (9.61%) which is comparable to the rest of the industry.
With a Return On Invested Capital value of 3.04%, AMRK is not doing good in the industry: 64.29% of the companies in the same industry are doing better.
Measured over the past 3 years, the Average Return On Invested Capital for AMRK is significantly below the industry average of 16.92%.
The last Return On Invested Capital (3.04%) 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 | 2.89% | ||
| ROE | 9.61% | ||
| ROIC | 3.04% |
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 0.59%. This is comparable to the rest of the industry: AMRK outperforms 42.86% of its industry peers.
In the last couple of years the Profit Margin of AMRK has grown nicely.
AMRK has a Operating Margin of 0.62%. This is in the lower half of the industry: AMRK underperforms 64.29% of its industry peers.
In the last couple of years the Operating Margin of AMRK has grown nicely.
AMRK's Gross Margin of 1.68% is on the low side compared to the rest of the industry. AMRK is outperformed by 92.86% of its industry peers.
In the last couple of years the Gross Margin of AMRK has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 0.62% | ||
| PM (TTM) | 0.59% | ||
| GM | 1.68% |
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) below the Cost of Capital (WACC), AMRK is destroying value.
Compared to 1 year ago, AMRK has less shares outstanding
The number of shares outstanding for AMRK has been increased compared to 5 years ago.
AMRK has a better debt/assets ratio than last year.
2.2 Solvency
AMRK has an Altman-Z score of 6.00. This indicates that AMRK is financially healthy and has little risk of bankruptcy at the moment.
AMRK has a better Altman-Z score (6.00) than 71.43% of its industry peers.
A Debt/Equity ratio of 1.51 is on the high side and indicates that AMRK has dependencies on debt financing.
AMRK's Debt to Equity ratio of 1.51 is on the low side compared to the rest of the industry. AMRK is outperformed by 85.71% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.51 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 6 |
ROIC/WACC0.32
WACC9.59%
2.3 Liquidity
AMRK has a Current Ratio of 1.66. This is a normal value and indicates that AMRK is financially healthy and should not expect problems in meeting its short term obligations.
AMRK's Current ratio of 1.66 is on the low side compared to the rest of the industry. AMRK is outperformed by 64.29% of its industry peers.
AMRK has a Quick Ratio of 1.66. This is a bad value and indicates that AMRK is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.37, AMRK is not doing good in the industry: 85.71% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.66 | ||
| Quick Ratio | 0.37 |
3. Growth
3.1 Past
The earnings per share for AMRK have decreased strongly by -67.11% in the last year.
The Earnings Per Share has been growing by 69.05% on average over the past years. This is a very strong growth
Looking at the last year, AMRK shows a small growth in Revenue. The Revenue has grown by 0.59% in the last year.
AMRK shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 15.19% yearly.
EPS 1Y (TTM)-67.11%
EPS 3Y-40.58%
EPS 5Y69.05%
EPS Q2Q%-51.95%
Revenue 1Y (TTM)0.59%
Revenue growth 3Y8.41%
Revenue growth 5Y15.19%
Sales Q2Q%9.28%
3.2 Future
AMRK is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 24.79% yearly.
Based on estimates for the next years, AMRK will show a small growth in Revenue. The Revenue will grow by 6.57% on average per year.
EPS Next Y62.22%
EPS Next 2Y39.97%
EPS Next 3Y26.23%
EPS Next 5Y24.79%
Revenue Next Year4.84%
Revenue Next 2Y3.57%
Revenue Next 3Y-3.34%
Revenue Next 5Y6.57%
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.
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
AMRK is valuated rather expensively with a Price/Earnings ratio of 17.09.
The rest of the industry has a similar Price/Earnings ratio as AMRK.
AMRK's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 29.29.
With a Price/Forward Earnings ratio of 7.09, the valuation of AMRK can be described as very cheap.
Based on the Price/Forward Earnings ratio, AMRK is valued cheaper than 92.86% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of AMRK to the average of the S&P500 Index (24.01), we can say AMRK is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.09 | ||
| Fwd PE | 7.09 |
4.2 Price Multiples
AMRK's Enterprise Value to EBITDA ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 13.25 |
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 26.23% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.27
PEG (5Y)0.25
EPS Next 2Y39.97%
EPS Next 3Y26.23%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.67%, AMRK has a reasonable but not impressive dividend return.
The stock price of AMRK dropped by -20.82% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
AMRK's Dividend Yield is a higher than the industry average which is at 12.94.
AMRK's Dividend Yield is a higher than the S&P500 average which is at 2.19.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.67% |
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 over 5 years, so it has already some track record.
AMRK has decreased its dividend in the last 3 years.
Dividend Growth(5Y)72.09%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
AMRK pays out 31.48% of its income as dividend. This is a sustainable payout ratio.
AMRK's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP31.48%
EPS Next 2Y39.97%
EPS Next 3Y26.23%
A-MARK PRECIOUS METALS INC
NASDAQ:AMRK (11/22/2024, 8:23:08 PM)
After market: 29.74 0 (0%)29.74
-0.17 (-0.57%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustryDistributors
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap689.37M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.67% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
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EPS beat(16)
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Revenue beat(2)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.09 | ||
| Fwd PE | 7.09 | ||
| 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)0.27
PEG (5Y)0.25
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.89% | ||
| ROE | 9.61% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 0.62% | ||
| PM (TTM) | 0.59% | ||
| GM | 1.68% | ||
| 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 Turnover4.89
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.51 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.66 | ||
| Quick Ratio | 0.37 | ||
| 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)
High Growth Momentum
Growth
EPS 1Y (TTM)-67.11%
EPS 3Y-40.58%
EPS 5Y
EPS Q2Q%
EPS Next Y62.22%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)0.59%
Revenue growth 3Y8.41%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y