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AMRK

A-Mark Precious Metals NasdaqGS:AMRK Stock Report

Last Price

US$32.30

Market Cap

US$743.8m

7D

-5.8%

1Y

40.5%

Updated

04 Jul, 2022

Data

Company Financials +
AMRK fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance3/6
Financial Health4/6
Dividends0/6

AMRK Stock Overview

A-Mark Precious Metals, Inc., together with its subsidiaries, operates as a precious metals trading company.

A-Mark Precious Metals Competitors

Price History & Performance

Summary of all time highs, changes and price drops for A-Mark Precious Metals
Historical stock prices
Current Share PriceUS$32.30
52 Week HighUS$44.60
52 Week LowUS$21.10
Beta-0.44
1 Month Change-12.71%
3 Month Change-16.10%
1 Year Change40.50%
3 Year Change416.80%
5 Year Change287.76%
Change since IPO385.71%

Recent News & Updates

Shareholder Returns

AMRKUS Diversified FinancialUS Market
7D-5.8%-0.7%-2.2%
1Y40.5%-2.7%-21.2%

Return vs Industry: AMRK exceeded the US Diversified Financial industry which returned -2.7% over the past year.

Return vs Market: AMRK exceeded the US Market which returned -21.2% over the past year.

Price Volatility

Is AMRK's price volatile compared to industry and market?
AMRK volatility
AMRK Average Weekly Movement8.5%
Diversified Financial Industry Average Movement7.1%
Market Average Movement8.1%
10% most volatile stocks in US Market16.9%
10% least volatile stocks in US Market3.3%

Stable Share Price: AMRK is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: AMRK's weekly volatility (9%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1965347Greg Robertshttps://www.amark.com

A-Mark Precious Metals, Inc., together with its subsidiaries, operates as a precious metals trading company. It operates in three segments: Wholesale Sales & Ancillary Services, Direct-to-Consumer, and Secured Lending. The Wholesale Sales & Ancillary Services segment sells gold, silver, platinum, and palladium in the form of bars, plates, powders, wafers, grains, ingots, and coins.

A-Mark Precious Metals Fundamentals Summary

How do A-Mark Precious Metals's earnings and revenue compare to its market cap?
AMRK fundamental statistics
Market CapUS$743.81m
Earnings (TTM)US$146.21m
Revenue (TTM)US$8.25b

5.1x

P/E Ratio

0.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
AMRK income statement (TTM)
RevenueUS$8.25b
Cost of RevenueUS$7.97b
Gross ProfitUS$281.15m
Other ExpensesUS$134.94m
EarningsUS$146.21m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)6.35
Gross Margin3.41%
Net Profit Margin1.77%
Debt/Equity Ratio138.9%

How did AMRK perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings 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 AMRK?

Other financial metrics that can be useful for relative valuation.

AMRK 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/Revenue0.2x
Enterprise Value/EBITDA6.4x
PEG Ratio-0.8x

Price to Earnings Ratio vs Peers

How does AMRK's PE Ratio compare to its peers?

AMRK PE Ratio vs Peers
The above table shows the PE ratio for AMRK vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average5.7x
BLX Banco Latinoamericano de Comercio Exterior S. A
8xn/aUS$489.1m
ACTG Acacia Research
1.2x-107.6%US$207.5m
SWKH SWK Holdings
8.8x-17.1%US$228.2m
PYCF.F Mount Logan Capital
5xn/aUS$59.9m
AMRK A-Mark Precious Metals
5.1x-6.2%US$743.8m

Price-To-Earnings vs Peers: AMRK is good value based on its Price-To-Earnings Ratio (5.1x) compared to the peer average (5.7x).


Price to Earnings Ratio vs Industry

How does AMRK's PE Ratio compare vs other companies in the Global Diversified Financial Industry?

Price-To-Earnings vs Industry: AMRK is good value based on its Price-To-Earnings Ratio (5.1x) compared to the US Diversified Financial industry average (6.3x)


Price to Earnings Ratio vs Fair Ratio

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

AMRK PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.1x
Fair PE Ratio8.9x

Price-To-Earnings vs Fair Ratio: AMRK is good value based on its Price-To-Earnings Ratio (5.1x) compared to the estimated Fair Price-To-Earnings Ratio (8.9x).


Share Price vs Fair Value

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

Below Fair Value: AMRK ($32.3) is trading below our estimate of fair value ($70.47)

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


Price to Earnings Growth Ratio

PEG Ratio: AMRK's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


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Future Growth

How is A-Mark Precious Metals forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-6.2%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AMRK's earnings are forecast to decline over the next 3 years (-6.2% per year).

Earnings vs Market: AMRK's earnings are forecast to decline over the next 3 years (-6.2% per year).

High Growth Earnings: AMRK's earnings are forecast to decline over the next 3 years.

Revenue vs Market: AMRK's revenue (5% per year) is forecast to grow slower than the US market (8.2% per year).

High Growth Revenue: AMRK's revenue (5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


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Past Performance

How has A-Mark Precious Metals performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


75.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: AMRK has high quality earnings.

Growing Profit Margin: AMRK's current net profit margins (1.8%) are lower than last year (1.8%).


Past Earnings Growth Analysis

Earnings Trend: AMRK's earnings have grown significantly by 75.9% per year over the past 5 years.

Accelerating Growth: AMRK's earnings growth over the past year (15.6%) is below its 5-year average (75.9% per year).

Earnings vs Industry: AMRK earnings growth over the past year (15.6%) exceeded the Diversified Financial industry -3.7%.


Return on Equity

High ROE: Whilst AMRK's Return on Equity (33.07%) is high, this metric is skewed due to their high level of debt.


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Financial Health

How is A-Mark Precious Metals's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: AMRK's short term assets ($1.1B) exceed its short term liabilities ($788.0M).

Long Term Liabilities: AMRK's short term assets ($1.1B) exceed its long term liabilities ($115.1M).


Debt to Equity History and Analysis

Debt Level: AMRK's net debt to equity ratio (132.5%) is considered high.

Reducing Debt: AMRK's debt to equity ratio has reduced from 520.5% to 138.9% over the past 5 years.

Debt Coverage: AMRK's debt is not well covered by operating cash flow (4.4%).

Interest Coverage: AMRK's interest payments on its debt are well covered by EBIT (1283.4x coverage).


Balance Sheet


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Dividend

What is A-Mark Precious Metals's 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 AMRK's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate AMRK'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 AMRK's dividends per share have been stable in the past.

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


Earnings Payout to Shareholders

Earnings Coverage: AMRK is not paying a notable dividend for the US market.


Cash Payout to Shareholders

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


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Management

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

4.7yrs

Average management tenure


CEO

Greg Roberts (60 yo)

17yrs

Tenure

US$1,951,844

Compensation

Mr. Gregory N. Roberts, also known as Greg, has been the Chief Executive Officer of A-Mark Precious Metals, Inc. since July 2005. Mr. Roberts has been the Chief Executive Officer and President of Spectrum...


CEO Compensation Analysis

Compensation vs Market: Greg's total compensation ($USD1.95M) is below average for companies of similar size in the US market ($USD4.03M).

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


Leadership Team

Experienced Management: AMRK's management team is considered experienced (4.7 years average tenure).


Board Members

Experienced Board: AMRK's board of directors are considered experienced (7.9 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: AMRK insiders have only sold shares 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 3.4%.


Top Shareholders

Company Information

A-Mark Precious Metals, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: A-Mark Precious Metals, Inc.
  • Ticker: AMRK
  • Exchange: NasdaqGS
  • Founded: 1965
  • Industry: Specialized Finance
  • Sector: Diversified Financials
  • Implied Market Cap: US$743.805m
  • Shares outstanding: 23.03m
  • Website: https://www.amark.com

Number of Employees


Location

  • A-Mark Precious Metals, Inc.
  • 2121 Rosecrans Avenue
  • Suite 6300
  • El Segundo
  • California
  • 90245
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/04 00:00
End of Day Share Price2022/07/01 00:00
Earnings2022/03/31
Annual Earnings2021/06/30


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.