NYSE:AMK

Stock Analysis Report

Executive Summary

AssetMark Financial Holdings, Inc. provides wealth management and technology solutions in the United States.

Snowflake

Fundamentals

Moderate growth potential and overvalued.

Share Price & News

How has AssetMark Financial Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

1.0%

AMK

3.0%

US Capital Markets

2.3%

US Market


1 Year Return

n/a

AMK

-0.4%

US Capital Markets

5.6%

US Market

Return vs Industry: Insufficient data to determine how AMK performed against the US Capital Markets industry.

Return vs Market: Insufficient data to determine how AMK performed against the US Market.


Shareholder returns

AMKIndustryMarket
7 Day1.0%3.0%2.3%
30 Day-2.2%-4.0%-1.0%
90 Day-5.2%-2.9%-0.7%
1 Yearn/a1.9%-0.4%7.9%5.6%
3 Yearn/a50.2%41.8%45.6%36.3%
5 Yearn/a78.4%62.0%65.8%47.6%

Price Volatility Vs. Market

How volatile is AssetMark Financial Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is AssetMark Financial Holdings undervalued compared to its fair value and its price relative to the market?

69.98x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: AMK ($25.83) is trading above our estimate of fair value ($4.89)

Significantly Undervalued: AMK is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: AMK is poor value based on its PE Ratio (70x) compared to the Capital Markets industry average (39.4x).

PE vs Market: AMK is poor value based on its PE Ratio (70x) compared to the US market (17.7x).


Price to Earnings Growth Ratio

Low PEG Ratio: AMK is poor value based on its PEG Ratio (4.4x)


Price to Book Ratio

PB vs Industry: AMK is good value based on its PB Ratio (2.4x) compared to the US Capital Markets industry average (6.5x).


Next Steps

Future Growth

How is AssetMark Financial Holdings forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

15.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AMK's forecast earnings growth (15.9% per year) is above the savings rate (2.7%).

Earnings vs Market: AMK's earnings (15.9% per year) are forecast to grow faster than the US market (14.5% per year).

High Growth Earnings: AMK's earnings are forecast to grow, but not significantly.

Revenue vs Market: AMK's revenue (11.8% per year) is forecast to grow faster than the US market (7.3% per year).

High Growth Revenue: AMK's revenue (11.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: AMK's Return on Equity is forecast to be low in 3 years time (9.2%).


Next Steps

Past Performance

How has AssetMark Financial Holdings performed over the past 5 years?

-64.3%

Last years earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: Unable to establish if AMK's year-on-year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.

Accelerating Growth: Unable to compare AMK's past year earnings growth to its 5-year average as it has been trading publicly for less than 3 years.

Earnings vs Industry: AMK had negative earnings growth (-64.3%) over the past year, making it difficult to compare to the Capital Markets industry average (31.4%).


Return on Equity

High ROE: AMK's Return on Equity (3.4%) is considered low.


Return on Assets

ROA vs Industry: AMK has a higher Return on Assets than the Capital Markets industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate AMK's Return on Capital Employed to determine if it has improved over the past 3 years.


Next Steps

Financial Health

How is AssetMark Financial Holdings'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: AMK has a low level of unsold assets or inventory.

Debt Coverage by Assets: AMK's debt is not covered by short term assets (assets are 0.4x debt).


Financial Institutions Analysis

Asset Level: AMK's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if AMK has a sufficient allowance for bad loans.

Low Risk Liabilities: AMK reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if AMK has an acceptable proportion of non-loan assets held.

Low Risk Deposits: AMK has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if AMK has an appropriate level of bad loans.


Next Steps

Dividend

What is AssetMark Financial Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.8%industryaverage2.1%forecastin3Years0%

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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

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


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of AMK's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

What is the CEO of AssetMark Financial Holdings's salary, the management and board of directors tenure and is there insider trading?

5.5yrs

Average management tenure


CEO

Charles Goldman (57yo)

5.8yrs

Tenure

US$1,494,603

Compensation

Mr. Charles George Goldman is President and Chief Executive Officer of AssetMark Financial Holdings, Inc. since 2014 and serves as its 2013. Mr. Goldman was CEO and Director of National Financial Services  ...


CEO Compensation Analysis

Compensation vs. Market: Insufficient data to establish whether Charles's total compensation is reasonable compared to companies of similar size in the US market.

Compensation vs Earnings: Insufficient data to compare Charles's compensation with company performance.


Management Age and Tenure

5.5yrs

Average Tenure

49yo

Average Age

Experienced Management: AMK's management team is seasoned and experienced (5.5 years average tenure).


Board Age and Tenure

3.8yrs

Average Tenure

50yo

Average Age

Experienced Board: AMK's board of directors are considered experienced (3.8 years average tenure).


Insider Trading

Insider Buying: AMK insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$11,00025 Jul 19
Mukesh Mehta
EntityIndividual
Role
Chief Information Officer
Executive VP & Chief Information Officer
Shares500
Max PriceUS$22.00
SellUS$167,131,25024 Jul 19
Huatai Securities (Shanghai) Asset Management Company Ltd.
EntityCompany
Shares8,125,000
Max PriceUS$20.57

Ownership Breakdown


Management Team

  • Charles Goldman (57yo)

    President

    • Tenure: 5.8yrs
    • Compensation: US$1.49m
  • Jerry Chafkin (59yo)

    Executive VP & Chief Investment Officer

    • Tenure: 5.2yrs
    • Compensation: US$1.08m
  • Carrie Hansen (49yo)

    Executive VP & COO

    • Tenure: 11.8yrs
  • Tamara Bohlig (50yo)

    Chief Marketing Officer

    • Tenure: 0yrs
  • Gary Zyla (47yo)

    Executive VP & CFO

    • Tenure: 8.8yrs
  • Ted Angus (48yo)

    Executive VP & General Counsel

    • Tenure: 6.8yrs
  • Taylor Hamilton

    Head of Investor Relations

    • Tenure: 0yrs
  • Muk Mehta (53yo)

    Executive VP & Chief Information Officer

    • Tenure: 2.8yrs
  • Natalie Wolfsen (49yo)

    Executive VP & Chief Solutions Officer

    • Tenure: 1.8yrs
  • Michael Kim (49yo)

    Executive VP & Chief Client Officer

    • Tenure: 1.8yrs
    • Compensation: US$1.03m

Board Members

  • Tricia Guinn (64yo)

    Director

    • Tenure: 0.8yrs
  • Charles Goldman (57yo)

    President

    • Tenure: 5.8yrs
    • Compensation: US$1.49m
  • Rohit Bhagat (56yo)

    Director

    • Tenure: 2.8yrs
    • Compensation: US$72.71k
  • Bryan Lin (49yo)

    Director

    • Tenure: 0.8yrs
  • Yi Zhou (50yo)

    Director

    • Tenure: 3.8yrs
  • Xiaodan Liu (46yo)

    Chairman

    • Tenure: 3.8yrs
    • Compensation: US$84.00k
  • Ying Sun (43yo)

    Director

    • Tenure: 3.8yrs

Company Information

AssetMark Financial Holdings, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: AssetMark Financial Holdings, Inc.
  • Ticker: AMK
  • Exchange: NYSE
  • Founded: 1996
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: US$1.870b
  • Shares outstanding: 72.40m
  • Website: https://null

Number of Employees


Location

  • AssetMark Financial Holdings, Inc.
  • 1655 Grant Street
  • 10th Floor
  • Concord
  • California
  • 94520
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AMKNYSE (New York Stock Exchange)YesCommon StockUSUSDJul 2019
0LADB (Deutsche Boerse AG)YesCommon StockDEEURJul 2019

Biography

AssetMark Financial Holdings, Inc. provides wealth management and technology solutions in the United States. The company offers an open-architecture product platform, as well as client advice, asset alloca ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/17 00:39
End of Day Share Price2019/10/16 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.