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AssetMark Financial Holdings, Inc. (AMK)

Stock Price: $21.32 USD -0.57 (-2.60%)
Updated Oct 30, 2020 3:22 PM EDT - Market open

Stock Price Chart

Key Info

Market Cap 1.54B
Revenue (ttm) 435.16M
Net Income (ttm) -13.01M
Shares Out 72.45M
EPS (ttm) 0.14
PE Ratio 152.29
Forward PE 22.73
Dividend n/a
Dividend Yield n/a

Stock Quote

Trading Day Oct 30, 2020
Last Price $21.32
Previous Close $21.89
Change ($) -0.57
Change (%) -2.60%
Day's Open 21.67
Day's Range 21.31 - 21.92
Day's Volume 86,991
52-Week Range 13.94 - 34.02

More Stats

Market Cap 1.54B
Enterprise Value 1.59B
Earnings Date (est) Nov 10, 2020
Ex-Dividend Date n/a
Shares Outstanding 72.45M
Float 17.24M
EPS (basic) -0.19
EPS (diluted) 0.14
FCF / Share 0.78
Dividend n/a
Dividend Yield n/a
Earnings Yield 0.66%
FCF Yield 3.40%
Payout Ratio n/a
Shares Short 992,565
Short Ratio 7.70
Short % of Float 5.76%
Beta n/a
PE Ratio 152.29
Forward PE 22.73
P/FCF Ratio 29.40
PS Ratio 3.55
PB Ratio 1.97
Revenue 435.16M
Operating Income 6.65M
Net Income -13.01M
Free Cash Flow 52.54M
Net Cash -47.12M
Net Cash / Share -0.65
Gross Margin 31.75%
Operating Margin 1.53%
Profit Margin -3.00%
FCF Margin 12.07%
ROA 0.95%
ROE -1.63%
ROIC 5.10%
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Forecasts

Analyst Ratings (7)

Buy 2
Overweight 1
Hold 4
Underweight 0
Sell 0

Analyst Consensus: Overweight

Price Target

$27.50*
(28.99% upside)
Low
23.0
Current: $21.32
High
32.0
Target: 27.50
*Average 12-month price target from 6 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year201920182017
Revenue418364296
Revenue Growth14.93%23.05%-
Gross Profit13213890.73
Operating Income26.0956.4819.34
Net Income-0.4237.4398.98
Shares Outstanding66.3066.1566.15
Earnings Per Share-0.010.571.50
EPS Growth--62%-
Operating Cash Flow55.0861.6645.61
Capital Expenditures-22.50-17.41-15.65
Free Cash Flow32.5944.2529.96
Cash & Equivalents11311357.19
Total Debt122245-
Net Cash / Debt-9.08-13257.19
Assets1,1891,1471,098
Liabilities330448212
Book Value859699886
Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name AssetMark Financial Holdings, Inc.
Country United States
Employees 729
CEO Charles George Goldman

Stock Information

Ticker Symbol AMK
Stock Exchange New York Stock Exchange
Sector Financial Services
Industry Asset Management
Unique Identifier NYSE: AMK
IPO Date July 18, 2019

Description

AssetMark Financial Holdings provides wealth management and technology solutions in the United States. The company offers an open-architecture product platform, as well as client advice, asset allocation options, practice management, support services, and technology to the financial adviser channel. It provides integrated technology platform for advisers new account opening, portfolio construction, streamlined financial planning, customer billing, investor reporting, progress to goal analysis, and client activity tracking; advisory services; and curated investment platform. The company also offers mutual funds to clients of financial advisers; custodial recordkeeping services primarily to investor clients of registered investment advisers; record-keeper and third-party administrator services for retirement products; wealth management services for institutional and individual investors; and insurance services on an intermediary basis. It serves independent advisers who provide wealth management advice to the U.S. investors. The company was founded in 1996 and is headquartered in Concord, California. AssetMark Financial Holdings, Inc. is a subsidiary of Huatai International Investment Holdings Limited.