Amesite (NasdaqCM:AMST) - Share price, News & Analysis

Q: What is the Fair Price of AMST when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

AMST ($0.43) is trading below our estimate of [[fair value]] ($2.6)

AMST fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	2/6
Past Performance	0/6
Financial Health	6/6
Dividends	0/6

AMST Stock Overview

Amesite Inc., an artificial intelligence driven platform and course designer, provides online products in the United States.

Rewards

Trading at 83.5% below our estimate of its fair value

Revenue is forecast to grow 87.94% per year

Risk Analysis

Earnings have declined by 41.7% per year over past 5 years

Makes less than USD$1m in revenue ($796K)

Volatile share price over the past 3 months

Shareholders have been diluted in the past year

+ 1 more risk

Amesite Competitors

Wah Fu Education Group

NasdaqCM:WAFU

US$11.9m

Puxin

OTCPK:NEWY.Y

US$10.0m

ATA Creativity Global

NasdaqGM:AACG

US$34.0m

Aspen Group

NasdaqGM:ASPU

US$24.0m

Price History & Performance

Summary of all time highs, changes and price drops for Amesite
Historical stock prices
Current Share Price	US$0.43
52 Week High	US$3.35
52 Week Low	US$0.41
Beta	0
1 Month Change	-25.75%
3 Month Change	-26.82%
1 Year Change	-83.00%
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-91.76%

Recent News & Updates

Jan 11

Is Amesite (NASDAQ:AMST) In A Good Position To Invest In Growth?

We can readily understand why investors are attracted to unprofitable companies. For example, although Amazon.com made...

Shareholder Returns

	AMST	US Consumer Services	US Market
7D	-10.4%	4.1%	6.6%
1Y	-83.0%	-48.8%	-18.4%

Return vs Industry: AMST underperformed the US Consumer Services industry which returned -48.8% over the past year.

Return vs Market: AMST underperformed the US Market which returned -18.4% over the past year.

Price Volatility

Is AMST's price volatile compared to industry and market?
AMST volatility
AMST Average Weekly Movement	15.9%
Consumer Services Industry Average Movement	9.5%
Market Average Movement	8.1%
10% most volatile stocks in US Market	16.6%
10% least volatile stocks in US Market	3.2%

Stable Share Price: AMST is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 16% a week.

Volatility Over Time: AMST's weekly volatility (16%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

Founded	Employees	CEO	Website
2017	22	Ann Sastry	https://www.amesite.com

Amesite Inc., an artificial intelligence driven platform and course designer, provides online products in the United States. The company uses machine learning to offer a mass customized experience to learners. Its customers include businesses, universities and colleges, K-12 schools, and non-profit organizations.

Amesite Fundamentals Summary

How do Amesite's earnings and revenue compare to its market cap?
AMST fundamental statistics
Market Cap	US$11.07m
Earnings (TTM)	-US$8.81m
Revenue (TTM)	US$795.65k

13.9x

P/S Ratio

-1.3x

P/E Ratio

Is AMST overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
AMST income statement (TTM)
Revenue	US$795.65k
Cost of Revenue	US$0
Gross Profit	US$795.65k
Other Expenses	US$9.60m
Earnings	-US$8.81m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	-0.34
Gross Margin	100.00%
Net Profit Margin	-1,106.80%
Debt/Equity Ratio	0.0%

How did AMST perform over the long term?

See historical performance and comparison

We’ve recently updated our valuation analysis.

Valuation

Is AMST undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for AMST?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for AMST. This is calculated by dividing AMST's market cap by their current preferred multiple.
What is AMST's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	US$11.07m

AMST key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	2.7x
Enterprise Value/EBITDA	-0.2x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does AMST's PS Ratio compare to its peers?

AMST PS Ratio vs Peers

The above table shows the PS ratio for AMST vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PS	Estimated Growth	Market Cap
Peer Average	0.7x
WAFU Wah Fu Education Group	1.2x	n/a	US$11.9m
NEWY.Y Puxin	0.02x	n/a	US$10.0m
AACG ATA Creativity Global	1.1x	n/a	US$34.0m
ASPU Aspen Group	0.3x	3.7%	US$24.0m
AMST Amesite	13.9x	87.9%	US$11.1m

Forward PS

Price-To-Sales vs Peers: AMST is expensive based on its Price-To-Sales Ratio (13.9x) compared to the peer average (0.7x).

Price to Earnings Ratio vs Industry

How does AMST's PE Ratio compare vs other companies in the US Consumer Services Industry?

Price-To-Sales vs Industry: AMST is expensive based on its Price-To-Sales Ratio (13.9x) compared to the US Consumer Services industry average (1.6x)

Price to Sales Ratio vs Fair Ratio

What is AMST's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

AMST PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	13.9x
Fair PS Ratio	6.3x

Price-To-Sales vs Fair Ratio: AMST is expensive based on its Price-To-Sales Ratio (13.9x) compared to the estimated Fair Price-To-Sales Ratio (6.3x).

Share Price vs Fair Value

What is the Fair Price of AMST when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: AMST ($0.43) is trading below our estimate of fair value ($2.6)

Significantly Below Fair Value: AMST is trading below fair value by more than 20%.

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate AMST's PEG Ratio to determine if it is good value.

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Future Growth

How is Amesite forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

2/6

Future Growth Score 2/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

87.9%

Forecasted annual revenue growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if AMST's forecast earnings growth is above the savings rate (1.9%).

Earnings vs Market: Insufficient data to determine if AMST's earnings are forecast to grow faster than the US market

High Growth Earnings: Insufficient data to determine if AMST's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: AMST's revenue (87.9% per year) is forecast to grow faster than the US market (8.4% per year).

High Growth Revenue: AMST's revenue (87.9% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if AMST's Return on Equity is forecast to be high in 3 years time

Discover growth companies

Past Performance

How has Amesite performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

-41.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: AMST is currently unprofitable.

Growing Profit Margin: AMST is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: AMST is unprofitable, and losses have increased over the past 5 years at a rate of 41.7% per year.

Accelerating Growth: Unable to compare AMST's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: AMST is unprofitable, making it difficult to compare its past year earnings growth to the Consumer Services industry (-11.9%).

Return on Equity

High ROE: AMST has a negative Return on Equity (-88.62%), as it is currently unprofitable.

Discover strong past performing companies

Financial Health

How is Amesite's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Stable Cash Runway
Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: AMST's short term assets ($9.5M) exceed its short term liabilities ($838.8K).

Long Term Liabilities: AMST has no long term liabilities.

Debt to Equity History and Analysis

Debt Level: AMST is debt free.

Reducing Debt: AMST had no debt 5 years ago.

Balance Sheet

Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: AMST has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: AMST has sufficient cash runway for 1.1 years if free cash flow continues to reduce at historical rates of 39.5% each year.

Discover healthy companies

Dividend

What is Amesite current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate AMST's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate AMST's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if AMST's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if AMST's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as AMST has not reported any payouts.

Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

3.2yrs

Average management tenure

CEO

Ann Sastry (53 yo)

4.58yrs

Tenure

US$650,549

Compensation

Dr. Ann Marie Sastry, Ph.D. has Founded Amesite Inc. in November 2017. She served as Interim Chief Financial Officer at Amesite Inc since November 06, 2020 until February 22, 2021. She has been President a...

CEO Compensation Analysis

Compensation vs Market: Ann's total compensation ($USD650.55K) is about average for companies of similar size in the US market ($USD749.40K).

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

Leadership Team

Experienced Management: AMST's management team is considered experienced (3.2 years average tenure).

Board Members

Experienced Board: AMST's board of directors are considered experienced (4.3 years average tenure).

Ownership

Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

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

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 25.2%.

Data	Last Updated (UTC time)
Company Analysis	2022/06/26 00:00
End of Day Share Price	2022/06/24 00:00
Earnings	2022/03/31
Annual Earnings	2021/06/30