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AC

Associated Capital GroupNYSE:AC Stock Report

Market Cap

US$871.3m

7D

-4.8%

1Y

5.0%

Updated

01 Dec, 2021

Data

Company Financials
AC fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends0/6

AC Stock Overview

Associated Capital Group, Inc. provides investment advisory services in the United States.

Associated Capital Group Competitors

Blackstone

NYSE:BX

US$173.1b

BlackRock

NYSE:BLK

US$137.4b

KKR

NYSE:KKR

US$64.2b

T. Rowe Price Group

NasdaqGS:TROW

US$44.9b

Price History & Performance

Summary of all time highs, changes and price drops for Associated Capital Group
Historical stock prices
Current Share PriceUS$39.50
52 Week HighUS$44.67
52 Week LowUS$30.21
Beta1.22
1 Month Change8.67%
3 Month Change7.92%
1 Year Change5.03%
3 Year Change-4.47%
5 Year Change16.18%
Change since IPO42.55%

Recent News & Updates

Shareholder Returns

ACUS Capital MarketsUS Market
7D-4.8%-3.7%-2.8%
1Y5.0%44.8%20.0%

Return vs Industry: AC underperformed the US Capital Markets industry which returned 50.4% over the past year.

Return vs Market: AC underperformed the US Market which returned 23.3% over the past year.

Price Volatility

Is AC's price volatile compared to industry and market?
AC volatility
AC Average Weekly Movement4.3%
Capital Markets Industry Average Movement0.7%
Market Average Movement6.0%
10% most volatile stocks in US Market15.0%
10% least volatile stocks in US Market2.3%

Stable Share Price: AC is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: AC's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
197625Doug Jamiesonhttps://www.associated-capital-group.com

Associated Capital Group, Inc. provides investment advisory services in the United States. The company offers alternative investment management and asset management services. It also invests in new and existing businesses.

Associated Capital Group Fundamentals Summary

How do Associated Capital Group's earnings and revenue compare to its market cap?
AC fundamental statistics
Market CapUS$871.29m
Earnings (TTM)US$100.89m
Revenue (TTM)US$18.94m

8.6x

P/E Ratio

46.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
AC income statement (TTM)
RevenueUS$18.94m
Cost of RevenueUS$22.74m
Gross Profit-US$3.81m
Expenses-US$104.70m
EarningsUS$100.89m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)4.57
Gross Margin-20.10%
Net Profit Margin532.84%
Debt/Equity Ratio0.0%

How did AC perform over the long term?

See historical performance and comparison

Dividends

0.5%

Current Dividend Yield

4%

Payout Ratio

Does AC pay a reliable dividends?

See AC dividend history and benchmarks
When do you need to buy AC by to receive an upcoming dividend?
Associated Capital Group dividend dates
Ex Dividend DateNov 30 2021
Dividend Pay DateDec 15 2021
Days until Ex dividend1 day
Days until Dividend pay date14 days

Does AC pay a reliable dividends?

See AC dividend history and benchmarks

Valuation

Is Associated Capital Group undervalued compared to its fair value and its price relative to the market?

8.64x

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 good value based on its PE Ratio (8.6x) compared to the US Capital Markets industry average (15x).

PE vs Market: AC is good value based on its PE Ratio (8.6x) compared to the US market (17.1x).


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 (50.3x).


Future Growth

How is Associated Capital Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

3.0%

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.


Past Performance

How has Associated Capital Group performed over the past 5 years?

43.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AC has a large one-off gain of $150.9M impacting its September 30 2021 financial results.

Growing Profit Margin: AC became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: AC's earnings have grown significantly by 43.1% per year over the past 5 years.

Accelerating Growth: AC has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: AC has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (87.1%).


Return on Equity

High ROE: AC's Return on Equity (9.4%) is considered low.


Financial Health

How is Associated Capital Group's financial position?


Financial Position Analysis

Short Term Liabilities: AC's short term assets ($666.5M) exceed its short term liabilities ($274.2M).

Long Term Liabilities: AC's short term assets ($666.5M) exceed its long term liabilities ($29.0M).


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


Dividend

What is Associated Capital Group current dividend yield, its reliability and sustainability?

0.51%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: AC's dividend (0.51%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.33%).

High Dividend: AC's dividend (0.51%) is low compared to the top 25% of dividend payers in the US market (3.57%).


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?

1.8yrs

Average management tenure


CEO

Doug Jamieson (67 yo)

5yrs

Tenure

US$1,127,667

Compensation

Mr. Douglas Richard Jamieson, also known as Doug, serves as a President, Chief Executive Officer at Gabelli & Company Investment Advisers, Inc. He was Director at Gabelli & Company Investment Advisers, Inc...


CEO Compensation Analysis

Compensation vs Market: Doug's total compensation ($USD1.13M) is below average for companies of similar size in the US market ($USD2.31M).

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


Leadership Team

Experienced Management: AC's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: AC's board of directors are considered experienced (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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Associated Capital Group, Inc.'s 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$871.294m
  • Shares outstanding: 22.06m
  • Website: https://www.associated-capital-group.com

Number of Employees


Location

  • Associated Capital Group, Inc.
  • 191 Mason Street
  • Greenwich
  • Connecticut
  • 6830
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/12/01 00:12
End of Day Share Price2021/11/30 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.