Associated Capital Group
Market Cap
US$815.7m
Last Updated
2021/03/03 00:23 UTC
Data Sources
Company Financials
Executive Summary
Associated Capital Group, Inc. provides investment advisory services in the United States. More Details
Snowflake Analysis
Flawless balance sheet and overvalued.
Similar Companies
Share Price & News
How has Associated Capital Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: AC is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: AC's weekly volatility (7%) has been stable over the past year.
Market Performance
7 Day Return
5.9%
AC
1.0%
US Capital Markets
-0.7%
US Market
1 Year Return
-14.5%
AC
38.8%
US Capital Markets
36.6%
US Market
Return vs Industry: AC underperformed the US Capital Markets industry which returned 38.8% over the past year.
Return vs Market: AC underperformed the US Market which returned 36.6% over the past year.
Shareholder returns
| AC | Industry | Market | |
|---|---|---|---|
| 7 Day | 5.9% | 1.0% | -0.7% |
| 30 Day | 11.4% | 10.8% | 4.3% |
| 90 Day | -0.8% | 17.0% | 8.1% |
| 1 Year | -13.5%-14.5% | 42.2%38.8% | 39.6%36.6% |
| 3 Year | 2.7%0.5% | 40.1%29.7% | 53.5%43.7% |
| 5 Year | 37.0%32.4% | 152.2%121.0% | 123.7%98.8% |
Long-Term Price Volatility Vs. Market
How volatile is Associated Capital Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
9 months ago | Simply Wall St
Associated Capital Group, Inc. (NYSE:AC): What Does Its Beta Value Mean For Your Portfolio?1 year ago | Simply Wall St
How Should Investors React To Associated Capital Group, Inc.'s (NYSE:AC) CEO Pay?Valuation
Is Associated Capital Group undervalued compared to its fair value and its price relative to the market?
42.06x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate AC's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate AC's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: AC is poor value based on its PE Ratio (42.1x) compared to the US Capital Markets industry average (22.8x).
PE vs Market: AC is poor value based on its PE Ratio (42.1x) compared to the US market (21.4x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate AC's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: AC is good value based on its PB Ratio (0.9x) compared to the US Capital Markets industry average (15x).
Next Steps
Future Growth
How is Associated Capital Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
13.7%
Forecasted Diversified Financials industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Associated Capital Group has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Examine Associated Capital Group's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Associated Capital Group competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Diversified Financials industry.
Past Performance
How has Associated Capital Group performed over the past 5 years?
-26.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AC has a large one-off gain of $36.9M impacting its December 31 2020 financial results.
Growing Profit Margin: AC's current net profit margins are lower than last year .
Past Earnings Growth Analysis
Earnings Trend: AC has become profitable over the past 5 years, growing earnings by -26.3% per year.
Accelerating Growth: AC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: AC had negative earnings growth (-49%) over the past year, making it difficult to compare to the Capital Markets industry average (10.4%).
Return on Equity
High ROE: AC's Return on Equity (1.9%) is considered low.
Next Steps
Financial Health
How is Associated Capital Group's financial position?
Financial Position Analysis
Short Term Liabilities: AC's short term assets ($423.9M) exceed its short term liabilities ($41.6M).
Long Term Liabilities: AC's short term assets ($423.9M) exceed its long term liabilities ($24.7M).
Debt to Equity History and Analysis
Debt Level: AC is debt free.
Reducing Debt: AC had no debt 5 years ago.
Debt Coverage: AC has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: AC has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is Associated Capital Group current dividend yield, its reliability and sustainability?
0.55%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: AC's dividend (0.55%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.32%).
High Dividend: AC's dividend (0.55%) is low compared to the top 25% of dividend payers in the US market (3.72%).
Stability and Growth of Payments
Stable Dividend: AC is not paying a notable dividend for the US market, therefore no need to check if payments are stable.
Growing Dividend: AC is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: AC is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of AC's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.3yrs
Average management tenure
CEO
Doug Jamieson (66 yo)
4.33yrs
Tenure
US$1,262,724
Compensation
Mr. Douglas Richard Jamieson, also known as Doug, serves as a President, Chief Executive Officer and Director at Gabelli & Company Investment Advisers, Inc. Mr. Douglas Richard Jamieson has been the Chief ...
CEO Compensation Analysis
Compensation vs Market: Doug's total compensation ($USD1.26M) is below average for companies of similar size in the US market ($USD2.24M).
Compensation vs Earnings: Doug's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman of the Board | 5.33yrs | US$5.72m | 1.29% $ 10.5m | |
| President | 4.33yrs | US$1.26m | 0.21% $ 1.7m | |
| Chief Accounting Officer | 2yrs | US$250.27k | no data | |
| Executive VP | 5.25yrs | US$377.63k | 0.0020% $ 16.2k | |
| Executive Director | 2.83yrs | US$80.00k | 0.14% $ 1.2m | |
| Executive Vice President | 4.33yrs | US$651.03k | no data | |
| Executive VP of Finance & CFO | 0.17yr | no data | no data |
4.3yrs
Average Tenure
61yo
Average Age
Experienced Management: AC's management team is considered experienced (4.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman of the Board | 5.33yrs | US$5.72m | 1.29% $ 10.5m | |
| President | 4.33yrs | US$1.26m | 0.21% $ 1.7m | |
| Executive Director | 2.83yrs | US$80.00k | 0.14% $ 1.2m | |
| Independent Vice Chairman | 5.33yrs | US$131.00k | no data | |
| Lead Independent Director | no data | US$132.00k | no data | |
| Independent Director | 5.33yrs | US$135.00k | 0.027% $ 219.4k | |
| Independent Director | no data | US$104.00k | no data | |
| Director | 2.08yrs | US$74.17k | 0.13% $ 1.0m |
4.6yrs
Average Tenure
65yo
Average Age
Experienced Board: AC's board of directors are considered experienced (4.6 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 not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Associated Capital Group, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Associated Capital Group, Inc.
- Ticker: AC
- Exchange: NYSE
- Founded: 1976
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: US$815.699m
- Shares outstanding: 22.31m
- Website: https://www.associated-capital-group.com
Number of Employees
Location
- Associated Capital Group, Inc.
- 191 Mason Street
- Greenwich
- Connecticut
- 6830
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| AC | NYSE (New York Stock Exchange) | Yes | Class A Common Shares | US | USD | Nov 2015 |
| 41J | DB (Deutsche Boerse AG) | Yes | Class A Common Shares | DE | EUR | Nov 2015 |
Biography
Associated Capital Group, Inc. provides investment advisory services in the United States. The company offers alternative investment management and underwriting services, as well as asset management servic...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/03 00:23 |
| End of Day Share Price | 2021/03/02 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.