Loading...

AMG Advanced Metallurgical Group

ENXTAM:AMG
Snowflake Description

Undervalued with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AMG
ENXTAM
€699M
Market Cap
  1. Home
  2. NL
  3. Materials
Company description

AMG Advanced Metallurgical Group N.V. produces and sells engineered specialty metals and mineral products. The last earnings update was 24 days ago. More info.


Add to Portfolio Compare Print
  • AMG Advanced Metallurgical Group has significant price volatility in the past 3 months.
AMG Share Price and Events
7 Day Returns
-0.3%
ENXTAM:AMG
-1.2%
Europe Metals and Mining
-1.7%
NL Market
1 Year Returns
-51.4%
ENXTAM:AMG
-14.2%
Europe Metals and Mining
-2%
NL Market
AMG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
AMG Advanced Metallurgical Group (AMG) -0.3% -15.2% -30.7% -51.4% 87.4% 222.1%
Europe Metals and Mining -1.2% -8.5% -6.5% -14.2% 51.6% 10.5%
NL Market -1.7% -3.2% 2.3% -2% 22% 24.6%
1 Year Return vs Industry and Market
  • AMG underperformed the Metals and Mining industry which returned -14.2% over the past year.
  • AMG underperformed the Market in Netherlands which returned -2% over the past year.
Price Volatility
AMG
Industry
5yr Volatility vs Market

AMG Value

 Is AMG Advanced Metallurgical Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of AMG Advanced Metallurgical Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for AMG Advanced Metallurgical Group.

ENXTAM:AMG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8%
Perpetual Growth Rate 10-Year NL Government Bond Rate 0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ENXTAM:AMG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year NL Govt Bond Rate 0.4%
Equity Risk Premium S&P Global 6%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 1.02
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.021 (1 + (1- 25%) (53.27%))
1.288
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.29
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.37% + (1.288 * 5.96%)
8.04%

Discounted Cash Flow Calculation for ENXTAM:AMG using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for AMG Advanced Metallurgical Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

ENXTAM:AMG DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.04%)
2019 -0.12 Est @ 4.81% -0.11
2020 65.00 Analyst x1 55.68
2021 166.00 Analyst x1 131.61
2022 216.00 Analyst x1 158.50
2023 231.00 Analyst x1 156.89
2024 239.04 Est @ 3.48% 150.26
2025 245.12 Est @ 2.55% 142.61
2026 249.77 Est @ 1.89% 134.49
2027 253.35 Est @ 1.44% 126.27
2028 256.18 Est @ 1.12% 118.17
Present value of next 10 years cash flows $1,174.38
ENXTAM:AMG DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $256.18 × (1 + 0.37%) ÷ (8.04% – 0.37%)
$3,350.33
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $3,350.33 ÷ (1 + 8.04%)10
$1,545.42
ENXTAM:AMG Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,174.38 + $1,545.42
$2,719.80
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $2,719.80 / 29.92
$90.91
ENXTAM:AMG Discount to Share Price
Calculation Result
Exchange Rate USD/EUR
(Reporting currency to currency of ENXTAM:AMG)
0.892
Value per Share
(EUR)
= Value per Share in USD x Exchange Rate (USD/EUR)
= $90.91 x 0.892
€81.11
Value per share (EUR) From above. €81.11
Current discount Discount to share price of €23.36
= -1 x (€23.36 - €81.11) / €81.11
71.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price AMG Advanced Metallurgical Group is available for.
Intrinsic value
>50%
Share price is €23.36 vs Future cash flow value of €81.11
Current Discount Checks
For AMG Advanced Metallurgical Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • AMG Advanced Metallurgical Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • AMG Advanced Metallurgical Group's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for AMG Advanced Metallurgical Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are AMG Advanced Metallurgical Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ENXTAM:AMG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $2.97
ENXTAM:AMG Share Price ** ENXTAM (2019-05-24) in EUR €23.36
ENXTAM:AMG Share Price converted to USD reporting currency Exchange rate (EUR/ USD) 1.121 $26.18
Europe Metals and Mining Industry PE Ratio Median Figure of 106 Publicly-Listed Metals and Mining Companies 8.81x
Netherlands Market PE Ratio Median Figure of 81 Publicly-Listed Companies 17.21x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of AMG Advanced Metallurgical Group.

ENXTAM:AMG PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTAM:AMG Share Price ÷ EPS (both in USD)

= 26.18 ÷ 2.97

8.8x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • AMG Advanced Metallurgical Group is good value based on earnings compared to the Europe Metals and Mining industry average.
  • AMG Advanced Metallurgical Group is good value based on earnings compared to the Netherlands market.
Price based on expected Growth
Does AMG Advanced Metallurgical Group's expected growth come at a high price?
Raw Data
ENXTAM:AMG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.8x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
9%per year
Europe Metals and Mining Industry PEG Ratio Median Figure of 64 Publicly-Listed Metals and Mining Companies 0.68x
Netherlands Market PEG Ratio Median Figure of 66 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

ENXTAM:AMG PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.8x ÷ 9%

0.98x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • AMG Advanced Metallurgical Group is good value based on expected growth next year.
Price based on value of assets
What value do investors place on AMG Advanced Metallurgical Group's assets?
Raw Data
ENXTAM:AMG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $10.69
ENXTAM:AMG Share Price * ENXTAM (2019-05-24) in EUR €23.36
ENXTAM:AMG Share Price converted to USD reporting currency Exchange rate (EUR/ USD) 1.121 $26.18
Europe Metals and Mining Industry PB Ratio Median Figure of 214 Publicly-Listed Metals and Mining Companies 0.84x
Netherlands Market PB Ratio Median Figure of 103 Publicly-Listed Companies 1.92x
ENXTAM:AMG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTAM:AMG Share Price ÷ Book Value per Share (both in USD)

= 26.18 ÷ 10.69

2.45x

* Primary Listing of AMG Advanced Metallurgical Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • AMG Advanced Metallurgical Group is overvalued based on assets compared to the Europe Metals and Mining industry average.
X
Value checks
We assess AMG Advanced Metallurgical Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. AMG Advanced Metallurgical Group has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

AMG Future Performance

 How is AMG Advanced Metallurgical Group expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is AMG Advanced Metallurgical Group expected to grow at an attractive rate?
  • AMG Advanced Metallurgical Group's earnings growth is expected to exceed the low risk savings rate of 0.4%.
Growth vs Market Checks
  • AMG Advanced Metallurgical Group's earnings growth is positive but not above the Netherlands market average.
  • AMG Advanced Metallurgical Group's revenue growth is expected to exceed the Netherlands market average.
Annual Growth Rates Comparison
Raw Data
ENXTAM:AMG Future Growth Rates Data Sources
Data Point Source Value (per year)
ENXTAM:AMG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 9%
ENXTAM:AMG Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 6.8%
Europe Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 3.9%
Europe Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 1.3%
Netherlands Market Earnings Growth Rate Market Cap Weighted Average 9.4%
Netherlands Market Revenue Growth Rate Market Cap Weighted Average 3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ENXTAM:AMG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ENXTAM:AMG Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 1,749 1
2022-12-31 1,594 176 136 2
2021-12-31 1,398 171 148 3
2020-12-31 1,322 154 108 3
2019-12-31 1,251 108 124 2
ENXTAM:AMG Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 1,348 80 91
2018-12-31 1,310 97 95
2018-09-30 1,247 80 80
2018-06-30 1,177 74 64
2018-03-31 1,110 86 60
2017-12-31 1,060 79 57
2017-09-30 1,017 61 53
2017-06-30 1,005 65 44
2017-03-31 992 78 44
2016-12-31 971 56 41
2016-09-30 954 74 30
2016-06-30 948 81 30

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • AMG Advanced Metallurgical Group's earnings are expected to grow by 9% yearly, however this is not considered high growth (20% yearly).
  • AMG Advanced Metallurgical Group's revenue is expected to grow by 6.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ENXTAM:AMG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from AMG Advanced Metallurgical Group Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTAM:AMG Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 3.72 3.72 3.72 1.00
2021-12-31 3.36 4.31 2.24 3.00
2020-12-31 3.45 4.22 2.68 4.00
2019-12-31 1.99 2.16 1.65 3.00
ENXTAM:AMG Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 2.97
2018-12-31 3.12
2018-09-30 2.65
2018-06-30 2.14
2018-03-31 2.02
2017-12-31 1.95
2017-09-30 1.82
2017-06-30 1.55
2017-03-31 1.57
2016-12-31 1.45
2016-09-30 1.10
2016-06-30 1.09

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • AMG Advanced Metallurgical Group is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess AMG Advanced Metallurgical Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
AMG Advanced Metallurgical Group has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

AMG Past Performance

  How has AMG Advanced Metallurgical Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare AMG Advanced Metallurgical Group's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • AMG Advanced Metallurgical Group has delivered over 20% year on year earnings growth in the past 5 years.
  • AMG Advanced Metallurgical Group's 1-year earnings growth exceeds its 5-year average (52.3% vs 46.3%)
  • AMG Advanced Metallurgical Group's earnings growth has exceeded the Europe Metals and Mining industry average in the past year (52.3% vs 4.3%).
Earnings and Revenue History
AMG Advanced Metallurgical Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from AMG Advanced Metallurgical Group Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTAM:AMG Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 1,348.36 91.05 145.31
2018-12-31 1,310.29 94.62 143.58
2018-09-30 1,246.54 79.97 143.41
2018-06-30 1,177.41 63.98 141.55
2018-03-31 1,110.13 59.79 136.34
2017-12-31 1,059.65 56.97 132.29
2017-09-30 1,016.83 52.59 127.33
2017-06-30 1,005.41 43.82 128.24
2017-03-31 991.72 44.15 131.03
2016-12-31 971.15 40.56 130.75
2016-09-30 954.12 30.27 127.26 3.90
2016-06-30 948.46 30.02 125.39
2016-03-31 957.55 20.38 119.59 3.90
2015-12-31 977.14 11.08 122.33
2015-09-30 1,016.68 18.73 123.17
2015-06-30 1,054.53 17.03 123.27 4.10
2015-03-31 1,076.03 20.67 128.61
2014-12-31 1,093.89 21.91 129.40 4.10
2014-09-30 1,117.53 11.43 140.85
2014-06-30 1,124.23 9.60 139.98
2014-03-31 1,136.82 -40.08 139.96
2013-12-31 1,158.44 -41.54 140.86
2013-09-30 1,149.60 -42.10 136.83
2013-06-30 1,160.03 -38.05 138.38
2013-03-31 1,188.10 1.20 142.71
2012-12-31 1,215.60 2.84 145.15
2012-09-30 1,249.00 -7.28 145.78
2012-06-30 1,308.56 -4.04 151.90

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Whilst AMG Advanced Metallurgical Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
  • AMG Advanced Metallurgical Group used its assets more efficiently than the Europe Metals and Mining industry average last year based on Return on Assets.
  • AMG Advanced Metallurgical Group has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess AMG Advanced Metallurgical Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
AMG Advanced Metallurgical Group has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

AMG Health

 How is AMG Advanced Metallurgical Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up AMG Advanced Metallurgical Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • AMG Advanced Metallurgical Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • AMG Advanced Metallurgical Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of AMG Advanced Metallurgical Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from AMG Advanced Metallurgical Group Company Filings, last reported 1 month ago.

ENXTAM:AMG Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 353.86 417.27 366.30
2018-12-31 344.04 382.78 381.90
2018-09-30 320.86 382.15 349.89
2018-06-30 298.32 377.30 342.54
2018-03-31 304.62 376.75 350.24
2017-12-31 282.59 189.12 178.80
2017-09-30 260.45 187.22 171.79
2017-06-30 241.13 176.16 168.85
2017-03-31 220.97 165.95 166.46
2016-12-31 197.79 168.24 160.74
2016-09-30 159.53 172.22 174.08
2016-06-30 166.36 131.25 125.08
2016-03-31 172.10 128.84 111.62
2015-12-31 153.57 127.46 127.78
2015-09-30 152.67 134.41 114.07
2015-06-30 157.02 179.38 137.12
2015-03-31 130.95 186.10 99.32
2014-12-31 100.98 195.88 108.03
2014-09-30 132.26 232.91 122.23
2014-06-30 140.91 269.21 114.94
2014-03-31 139.42 266.71 97.87
2013-12-31 134.59 271.28 103.07
2013-09-30 139.97 279.89 116.28
2013-06-30 133.08 300.46 112.23
2013-03-31 173.19 307.35 106.70
2012-12-31 175.26 326.91 121.64
2012-09-30 222.89 309.85 111.39
2012-06-30 209.20 315.70 93.62
  • AMG Advanced Metallurgical Group's level of debt (117.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (191.3% vs 117.9% today).
  • Debt is not well covered by operating cash flow (19.1%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 7.7x coverage).
X
Financial health checks
We assess AMG Advanced Metallurgical Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. AMG Advanced Metallurgical Group has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

AMG Dividends

 What is AMG Advanced Metallurgical Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.55%
Current annual income from AMG Advanced Metallurgical Group dividends. Estimated to be 2.57% next year.
If you bought €2,000 of AMG Advanced Metallurgical Group shares you are expected to receive €51 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • AMG Advanced Metallurgical Group's pays a higher dividend yield than the bottom 25% of dividend payers in Netherlands (2.39%).
  • AMG Advanced Metallurgical Group's dividend is below the markets top 25% of dividend payers in Netherlands (5.97%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ENXTAM:AMG Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
Europe Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 65 Stocks 6.6%
Netherlands Market Average Dividend Yield Market Cap Weighted Average of 68 Stocks 4%
Netherlands Minimum Threshold Dividend Yield 10th Percentile 1.7%
Netherlands Bottom 25% Dividend Yield 25th Percentile 2.4%
Netherlands Top 25% Dividend Yield 75th Percentile 6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ENXTAM:AMG Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31 0.78 1.00
2021-12-31 0.74 3.00
2020-12-31 0.74 4.00
2019-12-31 0.47 3.00
ENXTAM:AMG Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-03-13 0.668 2.271
2019-02-28 0.674 1.914
2018-11-01 0.450 1.211
2018-08-02 0.453 0.976
2018-03-21 0.324 0.624
2018-03-08 0.343 0.742
2017-11-02 0.324 0.689
2017-08-03 0.324 0.834
2017-05-04 0.304 1.076
2016-11-03 0.270 1.415
2016-08-04 0.283 1.492
2016-05-06 0.241 1.804
2015-11-05 0.211 2.354
2015-09-04 0.217 2.872

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, AMG Advanced Metallurgical Group has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but AMG Advanced Metallurgical Group only paid a dividend in the past 4 years.
Current Payout to shareholders
What portion of AMG Advanced Metallurgical Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (5.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4.7x coverage).
X
Income/ dividend checks
We assess AMG Advanced Metallurgical Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can AMG Advanced Metallurgical Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. AMG Advanced Metallurgical Group has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

AMG Management

 What is the CEO of AMG Advanced Metallurgical Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Heinz Schimmelbusch
COMPENSATION $6,790,000
AGE 74
TENURE AS CEO 12.5 years
CEO Bio

Dr. Heinz C. Schimmelbusch, Ph.D., has been the Chairman of Management Board and Chief Executive Officer at AMG Advanced Metallurgical Group N.V. since November 21, 2006. Dr. Schimmelbusch is Founder of Safeguard International and serves as its Managing Director. He has been the Chief Executive Officer and President of Metallurg Holdings Inc. since July 1998. Dr. Schimmelbusch served as Chief Executive Officer of Allied Resource Corporation. He served as Chief Executive Officer of Timminco Limited from August 2007 to August 9, 2011 and served as its Chairman of the Management Board since 2006. Dr. Schimmelbusch served as Chairman of Management Board of Advanced Metal Urgical Group NV since 2006. He served as Chief Executive Officer of Timminco Limited from April 2, 2003 to September 1, 2005. Dr. Schimmelbusch started career in 1973 with Metallgesellschaft AG, where he rose to the position of the Chairman of the Management Board from 1989 until he resigned in 1993. Dr. Schimmelbusch has been the Chairman of Supervisory Board at Graphit Kropfmuehl AG since May 7, 2008. He serves as the Chairman of the Supervisory Board at PFW Aerospace AG; ALD Vacuum Technologies GmbH; and Navis Global Inc. Dr. Schimmelbusch serves as the Chairman of Advisory Board of ENVIROTHERM GmbH. He has been the Chairman at Timminco Limited since April 22, 2003. Dr. Schimmelbusch serves as the Chairman of Inmet Corporation, Toronto; Methanex Corporation, Vancouver; Allied Resource Corporation and B.U.S. Umweltservice AG, Duisburg. Dr. Schimmelbusch served as the Chairman of Buderus AG, DynamitNobel AG and Norddeutsche Affinerie AG. He serves as Deputy Chairman of the Supervisory Board at PFW Aerospace UK Ltd. He serves as a Director of Becancour Silicon, Inc., Norilsk Nickel, Puralube, Inc. He has been Director of Timminco Limited since April 01, 2003; and Metallurg Holdings Inc. since July 1998. He serves as a Director of RMG Acquisition Corp. He serves as also Director of Wayne and PFW Aerospace, Norilsk, Moscow, Russia. He also serves as the Chairman of Supervisory Board of Navis Global Inc. He served as Director of NationsHealth Inc. since April 11, 2003; and Millstream II Acquisition Corp. since September 24, 2004. He served as an Independent Director of Open Joint Stock Company “Mining and Metallurgical Company Norilsk Nickel“ from 2003 to December 26, 2008. He served on the Boards of Allianz Versicherungs AG, Philipp Holzman AG, Teck Cominco Limited and Mobil Oil AG and on the Advisory Boards of Dresdner Bank AG and the European Bank of Reconstruction and Development. Dr. Schimmelbusch served as a Member of the Advisory Board at IPR International, LLC. He served as a Director of Safeguard Scientifics Inc. He also served as a Member of the Presidency of the Federation of German Industry, BDI, Cologne and of the Presidency of the International Chamber of Commerce, ICC, Paris. Dr. Schimmelbusch received Ph.D. (magna cum laude), M.A. (magna cum laude), BA (with distinction) all in Economics from the University of Tubingen, Germany.

CEO Compensation
  • Heinz's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Heinz's remuneration is higher than average for companies of similar size in Netherlands.
Management Team Tenure

Average tenure and age of the AMG Advanced Metallurgical Group management team in years:

3.3
Average Tenure
66
Average Age
  • The tenure for the AMG Advanced Metallurgical Group management team is about average.
Management Team

Heinz Schimmelbusch

TITLE
Chairman of the Management Board & CEO
COMPENSATION
$7M
AGE
74
TENURE
12.5 yrs

Jackson Dunckel

TITLE
CFO & Member of Management Board
COMPENSATION
$3M
AGE
54
TENURE
3.3 yrs

Eric Jackson

TITLE
COO & Member of Management Board
COMPENSATION
$3M
AGE
66
TENURE
12.1 yrs

Michele Fischer

TITLE
Vice President of Investor Relations
TENURE
0.1 yrs

Ludo Mees

TITLE
Senior Counsel

Mike Connor

TITLE
Senior VP
TENURE
3.3 yrs

Stefan Scherer

TITLE
Chief Commercial Officer of AMG Mineracao BV
TENURE
0.3 yrs

Fabiano Costa

TITLE
Chief Executive Officer of AMG Mineracao BV & Brazilian Operations

Markus Holz

TITLE
President of AMG Engeineering
Board of Directors Tenure

Average tenure and age of the AMG Advanced Metallurgical Group board of directors in years:

3
Average Tenure
65.5
Average Age
  • The tenure for the AMG Advanced Metallurgical Group board of directors is about average.
Board of Directors

Steve Hanke

TITLE
Chairman of the Supervisory Board
COMPENSATION
$121K
AGE
76

Willem Van Hassel

TITLE
Vice Chairman of Supervisory Board
COMPENSATION
$118K
AGE
72
TENURE
1 yrs

Herb Depp

TITLE
Supervisory Board Member
COMPENSATION
$116K
AGE
74
TENURE
5.5 yrs

Donatella Ceccarelli

TITLE
Supervisory Board Member
COMPENSATION
$106K
AGE
59
TENURE
5 yrs

Frank Löhner

TITLE
Member of the Supervisory Board
AGE
53
TENURE
0.4 yrs

Dagmar Bottenbruch

TITLE
Member of Supervisory Board
AGE
58
Who owns this company?
Recent Insider Trading
  • AMG Advanced Metallurgical Group insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
08. May 19 Sell Heinz Schimmelbusch Individual 08. May 19 08. May 19 -29,202 €23.07 €-673,690
08. May 19 Sell Eric Jackson Individual 08. May 19 08. May 19 -8,588 €23.07 €-198,125
19. Mar 19 Sell Heinz Schimmelbusch Individual 19. Mar 19 19. Mar 19 -129,578 €29.39 €-3,808,297
19. Mar 19 Sell Eric Jackson Individual 19. Mar 19 19. Mar 19 -38,111 €29.39 €-1,120,082
09. Aug 18 Buy Herb Depp Individual 09. Aug 18 09. Aug 18 1,000 €45.80 €45,800
X
Management checks
We assess AMG Advanced Metallurgical Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. AMG Advanced Metallurgical Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

AMG News

Simply Wall St News

Is AMG Advanced Metallurgical Group N.V. (AMS:AMG) An Attractive Dividend Stock?

(AMS:AMG) be an attractive dividend share to own for the long haul? Investors are often drawn to strong companies with the idea of reinvesting the dividends. If you are hoping to live on the income from dividends, it's important to be a lot more stringent with your investments than the average punter. With a 2.6% yield and a four-year payment history, investors probably think AMG Advanced Metallurgical Group looks like a reliable dividend stock. A low yield is generally a turn-off, but if the prospects for earnings growth were strong, investors might be pleasantly surprised by the long-term results. Remember though, given the recent drop in its share price, AMG Advanced Metallurgical Group's yield will look higher, even though the market may now be expecting a decline in its long-term prospects. Before you buy any stock for its dividend however, you should always remember Warren Buffett's two rules: 1) Don't lose money, and 2) Remember rule #1. … It's good to see AMG Advanced Metallurgical Group has been growing its earnings per share at 45% a year over the past 5 years. … Conclusion To summarise, shareholders should always check that AMG Advanced Metallurgical Group's dividends are affordable, that its dividend payments are relatively stable, and that it has decent prospects for growing its earnings and dividend.

Simply Wall St -

Do Institutions Own Shares In AMG Advanced Metallurgical Group N.V. (AMS:AMG)?

See our latest analysis for AMG Advanced Metallurgical Group ENXTAM:AMG Ownership Summary, May 16th 2019 What Does The Institutional Ownership Tell Us About AMG Advanced Metallurgical Group? … As you can see, institutional investors own 57% of AMG Advanced Metallurgical Group. … Insider Ownership Of AMG Advanced Metallurgical Group While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders.

Simply Wall St -

AMG Advanced Metallurgical Group N.V. (AMS:AMG): Can Growth Justify Its May Share Price?

(AMS:AMG) is a stock well-positioned for future growth, but many investors are wondering whether its last closing price of €23.46 is based on unrealistic expectations. … Let’s take a look at some key metrics to determine whether there's any value here for current and potential future investors. … AMG Advanced Metallurgical Group's extremely high growth potential in the near future is attracting investors

Simply Wall St -

AMG Advanced Metallurgical Group N.V. (AMS:AMG): Ex-Dividend Is In 2 Days

Have you been keeping an eye on AMG Advanced Metallurgical Group N.V.'s (AMS:AMG) upcoming dividend of US$0.30 per share payable on the 08 May 2019? … Investors looking for higher income-generating stocks to add to their portfolio should keep reading, as I examine AMG Advanced Metallurgical Group's latest financial data to analyse its dividend characteristics. … Here's how I find good dividend stocks?

Simply Wall St -

I Ran A Stock Scan For Earnings Growth And AMG Advanced Metallurgical Group (AMS:AMG) Passed With Ease

So if you're like me, you might be more interested in profitable, growing companies, like AMG Advanced Metallurgical Group (AMS:AMG). … How Fast Is AMG Advanced Metallurgical Group Growing Its Earnings Per Share. … Over the last three years, AMG Advanced Metallurgical Group has grown earnings per share (EPS) like bamboo after rain; fast, and from a low base.

Simply Wall St -

Can AMG Advanced Metallurgical Group N.V. (AMS:AMG) Maintain Its Strong Returns?

AMG Advanced Metallurgical Group has a ROE of 28%, based on the last twelve months. … One way to conceptualize this, is that for each €1 of shareholders' equity it has, the company made €0.28 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

AMG Advanced Metallurgical Group N.V. (AMS:AMG): What Are The Future Prospects?

Looking at AMG Advanced Metallurgical Group N.V.'s (AMS:AMG) earnings update on 31 December 2018, … with earnings expected to grow by 33% in the upcoming year,

Simply Wall St -

Is AMG Advanced Metallurgical Group's (AMS:AMG) 290% Share Price Increase Well Justified?

During the five years of share price growth, AMG Advanced Metallurgical Group moved from a loss to profitability. … Given that the company made a profit three years ago, but not five years ago, it is worth looking at the share price returns over the last three years, too. … We can see that the AMG Advanced Metallurgical Group share price is up 204% in the last three years.

Simply Wall St -

Who Has Been Selling AMG Advanced Metallurgical Group N.V. (AMS:AMG) Shares?

So we'll take a look at whether insiders have been buying or selling shares in AMG Advanced Metallurgical Group N.V. … Over the last year we saw more insider selling of AMG Advanced Metallurgical Group shares, than buying. … It is certainly not great to see that insiders have sold shares in the company

Simply Wall St -

Does AMG Advanced Metallurgical Group N.V.'s (AMS:AMG) CEO Pay Compare Well With Peers?

How Does Heinz Schimmelbusch's Compensation Compare With Similar Sized Companies. … has a market cap of €875m, and is paying total annual CEO compensation of US$6.8m. … We examined companies with market caps from US$400m to US$1.6b, and discovered that the median CEO total compensation of that group was US$1.3m.

Simply Wall St -

AMG Company Info

Description

AMG Advanced Metallurgical Group N.V. produces and sells engineered specialty metals and mineral products. It also provides vacuum furnace systems and services to the transportation, infrastructure, energy, and specialty metals and chemicals markets. The company operates through two segments, AMG Critical Materials and AMG Engineering. The AMG Critical Materials segment develops and produces specialty metals, such as ferrovanadium, ferronickel-molybdenum, aluminum master alloys and additives, chromium metals, tantalum, lithium, antimony, natural graphite, silicon metal, and titanium master alloys for energy, aerospace, infrastructure, and specialty metal and chemicals applications. This segment also offers specialty alloys, coating materials, and vanadium chemicals. The AMG Engineering segment designs, engineers, and produces vacuum furnace systems, including vacuum remelting, vacuum induction melting, vacuum heat treatment and high pressure gas quenching, turbine blade coating, and sintering systems; and operates vacuum heat treatment facilities. This segment also provides vacuum case-hardening heat treatment services on a tolling basis. The company primarily operates in the United States, Germany, China, the United Kingdom, France, Japan, Brazil, Italy, Austria, South Korea, India, Mexico, Belgium, Sweden, Turkey, Canada, Spain, Kazakhstan, Poland, the Netherlands, Australia, Taiwan, the Czech Republic, Switzerland, Russia, Thailand, Argentina, Singapore, and internationally. AMG Advanced Metallurgical Group N.V. was founded in 2006 and is headquartered in Amsterdam, the Netherlands.

Details
Name: AMG Advanced Metallurgical Group N.V.
AMG
Exchange: ENXTAM
Founded: 2006
€698,850,748
29,916,556
Website: http://www.amg-nv.com
Address: AMG Advanced Metallurgical Group N.V.
WTC Amsterdam,
Toren C,
Amsterdam,
Noord-Holland, 1077 XX,
Netherlands
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTAM AMG Common Shares Euronext Amsterdam NL EUR 11. Jul 2007
OTCPK AMVM.F Common Shares Pink Sheets LLC US USD 11. Jul 2007
DB ADG Common Shares Deutsche Boerse AG DE EUR 11. Jul 2007
LSE 0LO9 Common Shares London Stock Exchange GB EUR 11. Jul 2007
BATS-CHIXE AMGA Common Shares BATS 'Chi-X Europe' GB EUR 11. Jul 2007
Number of employees
Current staff
Staff numbers
3,300
AMG Advanced Metallurgical Group employees.
Industry
Diversified Metals and Mining
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/25 21:08
End of day share price update: 2019/05/24 00:00
Last estimates confirmation: 2019/05/24
Last earnings filing: 2019/05/01
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.