ENXTAM:AMG

Stock Analysis Report

AMG Advanced Metallurgical Group

Executive Summary

AMG Advanced Metallurgical Group N.V. produces and sells engineered specialty metals and mineral products.

Snowflake

Fundamentals

Good value with reasonable growth potential.


Similar Companies

Share Price & News

How has AMG Advanced Metallurgical Group's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0.3%

AMG

-0.8%

NL Metals and Mining

1.8%

NL Market


1 Year Return

-39.5%

AMG

-7.9%

NL Metals and Mining

6.3%

NL Market

Return vs Industry: AMG underperformed the Dutch Metals and Mining industry which returned -7.9% over the past year.

Return vs Market: AMG underperformed the Dutch Market which returned 6.3% over the past year.


Shareholder returns

AMGIndustryMarket
7 Day0.3%-0.8%1.8%
30 Day13.1%-5.6%-0.3%
90 Day-12.0%-10.2%-1.0%
1 Year-38.1%-39.5%-1.5%-7.9%11.0%6.3%
3 Year39.2%33.7%29.0%11.8%40.7%25.1%
5 Year286.3%258.2%33.6%10.1%66.5%32.9%

Price Volatility Vs. Market

How volatile is AMG Advanced Metallurgical Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is AMG Advanced Metallurgical Group undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: AMG (€24) is trading below our estimate of fair value (€52.21)

Significantly Undervalued: AMG is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: AMG is poor value based on its PE Ratio (19x) compared to the Metals and Mining industry average (8.9x).

PE vs Market: AMG is good value based on its PE Ratio (19x) compared to the Dutch market (19.4x).


Price to Earnings Growth Ratio

Low PEG Ratio: AMG is good value based on its PEG Ratio (0.4x)


Price to Book Ratio

PB vs Industry: AMG is overvalued based on its PB Ratio (3.6x) compared to the XE Metals and Mining industry average (0.9x).


Next Steps

Future Growth

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

49.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AMG's forecast earnings growth (49.3% per year) is above the savings rate (0.4%).

Earnings vs Market: AMG's earnings (49.3% per year) are forecast to grow faster than the Dutch market (12% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: AMG's revenue (5.4% per year) is forecast to grow slower than the Dutch market (6% per year).

High Growth Revenue: AMG's revenue (5.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: AMG's Return on Equity is forecast to be high in 3 years time (28.8%)


Next Steps

Past Performance

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

36.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: AMG's earnings have grown significantly by 36.1% per year over the past 5 years.

Accelerating Growth: AMG's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: AMG had negative earnings growth (-33.3%) over the past year, making it difficult to compare to the Metals and Mining industry average (-5.2%).


Return on Equity

High ROE: AMG's Return on Equity (17.1%) is considered low.


Return on Assets

ROA vs Industry: AMG's Return on Assets is below or equal to the Metals and Mining industry average last year.


Return on Capital Employed

ROCE Improving: AMG has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is AMG Advanced Metallurgical Group's financial position?


Financial Position Analysis

Short Term Liabilities: AMG's short term assets ($738.0M) exceeds its short term liabilities ($380.2M)

Long Term Liabilities: AMG's short term assets (738.0M) exceeds its long term liabilities (595.8M)


Debt to Equity History and Analysis

Debt Level: AMG's debt to equity ratio (151.9%) is considered high

Reducing Debt: AMG's debt to equity ratio has reduced from 189.1% to 151.9% over the past 5 years.

Debt Coverage: AMG's debt is not well covered by operating cash flow (18.3%).

Interest Coverage: AMG's interest payments on its debt are well covered by EBIT (3.6x coverage).


Balance Sheet

Inventory Level: AMG has a high level of physical assets or inventory.

Debt Coverage by Assets: AMG's debt is covered by short term assets (assets are 1.939900x debt).


Next Steps

Dividend

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

2.04%

Current Dividend Yield


Dividend Yield vs Market

company2.0%marketbottom25%2.2%markettop25%5.9%industryaverage7.0%forecastin3Years2.0%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: AMG's dividend (2.04%) isn’t notable compared to the bottom 25% of dividend payers in the Dutch market (2.24%).

High Dividend: AMG's dividend (2.04%) is low compared to the top 25% of dividend payers in the Dutch market (5.95%).

Stable Dividend: AMG has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: AMG's dividend payments have increased, but the company has only paid a dividend for 4 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (40.4%), AMG's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: AMG's dividends in 3 years are forecast to be well covered by earnings (20.6% payout ratio).


Next Steps

Management

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

3.7yrs

Average management tenure


CEO

Heinz Schimmelbusch (75yo)

12.9yrs

Tenure

US$6,790,000

Compensation

Dr. Heinz C. Schimmelbusch, Ph.D., has been the Chairman of Management Board and Chief Executive Officer at Metallurg, Inc. and AMG Advanced Metallurgical Group N.V. since November 21, 2006. Dr. Schimmelbu ...


CEO Compensation Analysis

Compensation vs. Market: Heinz's total compensation ($USD6.79M) is about average for companies of similar size in the Dutch market ($USD1.26M).

Compensation vs Earnings: Heinz's compensation has been consistent with company performance over the past year.


Management Age and Tenure

3.7yrs

Average Tenure

67yo

Average Age

Experienced Management: AMG's management team is considered experienced (3.7 years average tenure).


Board Age and Tenure

1.1yrs

Average Tenure

66.5yo

Average Age

Experienced Board: AMG's board of directors are not considered experienced ( 1.1 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

SellUS$198,12508 May 19
Eric Jackson
EntityIndividual
Role
Chief Operating Officer
COO & Member of Management Board
Shares8,588
Max PriceUS$23.07
SellUS$673,69008 May 19
Heinz Schimmelbusch
EntityIndividual
Role
Chief Executive Officer
Chairman of the Management Board & CEO
Shares29,202
Max PriceUS$23.07
SellUS$1,120,08219 Mar 19
Eric Jackson
EntityIndividual
Role
Chief Operating Officer
COO & Member of Management Board
Shares38,111
Max PriceUS$29.39
SellUS$3,808,29719 Mar 19
Heinz Schimmelbusch
EntityIndividual
Role
Chief Executive Officer
Chairman of the Management Board & CEO
Shares129,578
Max PriceUS$29.39

Ownership Breakdown


Management Team

  • Heinz Schimmelbusch (75yo)

    Chairman of the Management Board & CEO

    • Tenure: 12.9yrs
    • Compensation: US$6.79m
  • Stefan Scherer

    Chief Commercial Officer of AMG Mineracao BV

    • Tenure: 0.7yrs
  • Eric Jackson (67yo)

    COO & Member of Management Board

    • Tenure: 7.9yrs
    • Compensation: US$2.88m
  • Jackson Dunckel (55yo)

    CFO & Member of Management Board

    • Tenure: 3.7yrs
    • Compensation: US$3.08m
  • Markus Holz

    President of AMG Engeineering

    • Tenure: 0yrs
  • Mike Connor

    Senior VP

    • Tenure: 3.8yrs
  • Michele Fischer

    Vice President of Investor Relations

    • Tenure: 0.5yrs
  • Fabiano Costa

    Chief Executive Officer of AMG Mineracao BV & Brazilian Operations

    • Tenure: 0yrs
  • Ludo Mees

    Senior Counsel

    • Tenure: 0yrs

Board Members

  • Steve Hanke (77yo)

    Chairman of the Supervisory Board

    • Tenure: 0.4yrs
    • Compensation: US$121.00k
  • Herb Depp (75yo)

    Supervisory Board Member

    • Tenure: 5.9yrs
    • Compensation: US$116.00k
  • Frank Löhner (54yo)

    Member of the Supervisory Board

    • Tenure: 0.8yrs
  • Donatella Ceccarelli (60yo)

    Supervisory Board Member

    • Tenure: 5.4yrs
    • Compensation: US$106.00k
  • Willem Van Hassel (73yo)

    Vice Chairman of Supervisory Board

    • Tenure: 1.4yrs
    • Compensation: US$118.00k
  • Dagmar Bottenbruch (59yo)

    Member of Supervisory Board

    • Tenure: 0.4yrs

Company Information

AMG Advanced Metallurgical Group N.V.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: AMG Advanced Metallurgical Group N.V.
  • Ticker: AMG
  • Exchange: ENXTAM
  • Founded: 2006
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: €682.656m
  • Shares outstanding: 28.44m
  • Website: https://www.amg-nv.com

Number of Employees


Location

  • AMG Advanced Metallurgical Group N.V.
  • WTC Amsterdam
  • Toren C
  • Amsterdam
  • Noord-Holland
  • 1077 XX
  • Netherlands

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AMGENXTAM (Euronext Amsterdam)YesCommon SharesNLEURJul 2007
ADGDB (Deutsche Boerse AG)YesCommon SharesDEEURJul 2007
0LO9LSE (London Stock Exchange)YesCommon SharesGBEURJul 2007
AMVM.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDJul 2007
AMGABATS-CHIXE (BATS 'Chi-X Europe')YesCommon SharesGBEURJul 2007

Biography

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 ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/18 20:52
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.