Associated Capital Group
Market Cap
US$887.6m
Last Updated
2020/02/25 01:45 UTC
Data Sources
Company Financials
Executive Summary
Associated Capital Group, Inc. provides investment advisory and asset management services in the United States.
Risk Analysis
Earnings have declined by -61.97% per year over past 5 years
Currently unprofitable and not forecast to become profitable over the next 3 years
Snowflake Analysis
Overvalued with worrying balance sheet.
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's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-8.2%
AC
-4.2%
US Capital Markets
-4.2%
US Market
1 Year Return
-6.9%
AC
12.0%
US Capital Markets
14.0%
US Market
Return vs Industry: AC underperformed the US Capital Markets industry which returned 15.4% over the past year.
Return vs Market: AC underperformed the US Market which returned 17.8% over the past year.
Shareholder returns
| AC | Industry | Market | |
|---|---|---|---|
| 7 Day | -8.2% | -4.2% | -4.2% |
| 30 Day | -6.8% | -2.1% | -1.8% |
| 90 Day | 9.1% | 1.1% | 2.6% |
| 1 Year | -6.4%-6.9% | 14.3%12.0% | 16.3%14.0% |
| 3 Year | 7.6%5.8% | 35.2%27.6% | 43.2%34.0% |
| 5 Year | n/a | 74.5%58.3% | 65.9%47.6% |
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
1 month ago | Simply Wall St
How Should Investors React To Associated Capital Group, Inc.'s (NYSE:AC) CEO Pay?2 months ago | Simply Wall St
If You Had Bought Associated Capital Group (NYSE:AC) Stock Three Years Ago, You Could Pocket A 15% Gain Today3 months ago | Simply Wall St
Does Market Volatility Impact Associated Capital Group, Inc.'s (NYSE:AC) Share Price?Valuation
Is Associated Capital Group undervalued compared to its fair value and its price relative to the market?
1x
Price to Book (PB) 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 unprofitable, so we can't compare its PE Ratio to the Capital Markets industry average.
PE vs Market: AC is unprofitable, so we can't compare its PE Ratio to the US market.
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 (1.1x) compared to the US Capital Markets industry average (6.6x).
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?
8.7%
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
- Take a look at our analysis of AC’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- 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?
-62.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AC is currently unprofitable.
Growing Profit Margin: AC is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: AC is unprofitable, and losses have increased over the past 5 years at a rate of -62% per year.
Accelerating Growth: Unable to compare AC's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: AC is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (8.4%).
Return on Equity
High ROE: AC has a negative Return on Equity (-1.09%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Associated Capital Group's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: AC has a low level of unsold assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if AC's debt is covered by short term assets.
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: Whilst unprofitable AC has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: AC is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 14.7% per year.
Financial Institutions Analysis
Asset Level: AC's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if AC has a sufficient allowance for bad loans.
Low Risk Liabilities: AC reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if AC has an acceptable proportion of non-loan assets held.
Low Risk Deposits: AC has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if AC has an appropriate level of bad loans.
Next Steps
Dividend
What is Associated Capital Group's current dividend yield, its reliability and sustainability?
0.51%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: AC's dividend (0.46%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: AC's dividend (0.46%) is low compared to the top 25% of dividend payers in the US market (3.73%).
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?
3.3yrs
Average management tenure
CEO
Doug Jamieson (65yo)
3.3yrs
Tenure
US$1,630,520
Compensation
Mr. Douglas Richard Jamieson, also known as Doug, serves as a President, Chief Executive Officer and Director at Gabelli & Company Investment Advisers, Inc.. Mr. Douglas Richard Jamieson has been the Chief ...
CEO Compensation Analysis
Compensation vs Market: Doug's total compensation ($USD1.63M) is below average for companies of similar size in the US market ($USD2.51M).
Compensation vs Earnings: Doug's compensation has increased whilst the company is unprofitable.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman of the Board | 4.3yrs | US$405.78k | 1.52% $13.5m | |
| President | 3.3yrs | US$1.63m | 0.20% $1.8m | |
| Executive VP | 4.2yrs | US$458.15k | 0.0020% $17.4k | |
| Executive Director | 1.8yrs | US$53.90k | 0.14% $1.3m | |
| Chief Accounting Officer | 0.9yrs | no data | no data | |
| Executive Vice President | 3.3yrs | no data | no data |
3.3yrs
Average Tenure
62yo
Average Age
Experienced Management: AC's management team is considered experienced (3.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman of the Board | 4.3yrs | US$405.78k | 1.52% $13.5m | |
| President | 3.3yrs | US$1.63m | 0.20% $1.8m | |
| Executive Director | 1.8yrs | US$53.90k | 0.14% $1.3m | |
| Independent Vice Chairman | 4.3yrs | US$120.00k | no data | |
| Lead Independent Director | 0yrs | US$85.00k | no data | |
| Independent Director | 4.3yrs | US$113.00k | 0.027% $236.8k | |
| Independent Director | 0yrs | US$85.00k | no data | |
| Director | 1yrs | no data | 0.12% $1.1m |
3.5yrs
Average Tenure
64yo
Average Age
Experienced Board: AC's board of directors are considered experienced (3.5 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: 2015
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: US$887.647m
- Shares outstanding: 22.49m
- Website: https://www.associated-capital-group.com
Number of Employees
Location
- Associated Capital Group, Inc.
- One Corporate Center
- Rye
- New York
- 10580
- 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 and asset management services in the United States. It offers alternative investment management, institutional research, and underwriting services. The company was founded in 2015 and is headquartered in Rye, New York.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/25 01:45 |
| End of Day Share Price | 2020/02/24 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.