AssetMark Financial Holdings, Inc.

NYSE:AMK Stock Report

Mkt Cap: US$2.0b

We’ve recently updated our valuation analysis.

AssetMark Financial Holdings Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for AMK?

Other financial metrics that can be useful for relative valuation.

AMK 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/Revenue3.4x
Enterprise Value/EBITDA15.2x
PEG Ratio1.4x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for AMK vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average28.6x
VCTR Victory Capital Holdings
7.1x31.4%US$2.1b
GCMG Grosvenor Capital Management
13x27.9%US$1.7b
HTGC Hercules Capital
45x51.3%US$1.9b
AVTA Avantax
49.1x17.9%US$1.4b
AMK AssetMark Financial Holdings
22.4x15.6%US$2.0b

Price-To-Earnings vs Peers: AMK is good value based on its Price-To-Earnings Ratio (22.4x) compared to the peer average (28.6x).


Price to Earnings Ratio vs Industry

How does AMK's PE Ratio compare vs other companies in the US Capital Markets Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a15.5%
n/an/an/a

Price-To-Earnings vs Industry: AMK is good value based on its Price-To-Earnings Ratio (22.4x) compared to the US Capital Markets industry average (28.1x)


Price to Earnings Ratio vs Fair Ratio

What is AMK'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.

AMK PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio22.4x
Fair PE Ratio12x

Price-To-Earnings vs Fair Ratio: AMK is expensive based on its Price-To-Earnings Ratio (22.4x) compared to the estimated Fair Price-To-Earnings Ratio (12x).


Share Price vs Fair Value

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

Below Fair Value: Insufficient data to calculate AMK's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate AMK's fair value for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst AMK forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$27.27
US$28.17
+3.3%
13.8%US$32.00US$23.00n/a6
Jan ’24US$23.00
US$26.00
+13.0%
12.0%US$30.00US$22.00n/a6
Dec ’23US$24.84
US$26.00
+4.7%
12.0%US$30.00US$22.00n/a6
Nov ’23US$20.44
US$25.00
+22.3%
12.6%US$30.00US$20.00n/a6
Oct ’23US$18.29
US$25.42
+39.0%
13.4%US$30.00US$20.00n/a6
Sep ’23US$19.38
US$25.83
+33.3%
14.6%US$30.00US$20.00n/a6
Aug ’23US$19.74
US$25.33
+28.3%
17.0%US$32.00US$20.00n/a6
Jul ’23US$18.78
US$28.17
+50.0%
15.0%US$36.00US$24.00n/a6
Jun ’23US$21.14
US$29.29
+38.5%
12.9%US$36.00US$24.00n/a7
May ’23US$19.23
US$29.29
+52.3%
12.9%US$36.00US$24.00n/a7
Apr ’23US$22.78
US$33.71
+48.0%
17.3%US$45.00US$27.00n/a7
Mar ’23US$22.74
US$33.71
+48.3%
17.3%US$45.00US$27.00n/a7
Feb ’23US$24.17
US$34.57
+43.0%
16.0%US$45.00US$27.00US$27.277
Jan ’23US$26.21
US$34.71
+32.4%
16.3%US$45.00US$27.00US$23.007
Dec ’22US$25.03
US$34.71
+38.7%
16.3%US$45.00US$27.00US$24.847
Nov ’22US$25.93
US$33.14
+27.8%
13.7%US$41.00US$27.00US$20.447
Oct ’22US$25.01
US$33.14
+32.5%
13.1%US$41.00US$28.00US$18.297
Sep ’22US$26.74
US$33.14
+23.9%
13.1%US$41.00US$28.00US$19.387
Aug ’22US$26.10
US$33.14
+27.0%
13.1%US$41.00US$28.00US$19.747
Jul ’22US$25.80
US$29.86
+15.7%
10.7%US$34.00US$24.00US$18.787
Jun ’22US$25.78
US$29.71
+15.3%
10.1%US$34.00US$24.00US$21.147
May ’22US$22.52
US$29.71
+31.9%
9.5%US$33.00US$24.00US$19.237
Apr ’22US$23.67
US$29.71
+25.5%
8.4%US$33.00US$26.00US$22.787
Mar ’22US$24.85
US$29.29
+17.8%
9.1%US$33.00US$26.00US$22.747
Feb ’22US$22.95
US$28.29
+23.2%
9.9%US$32.00US$25.00US$24.177

Analyst Forecast: Target price is less than 20% higher than the current share price.


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