AMEX:AINC

Stock Analysis Report

Executive Summary

Ashford, Inc is an asset management firm.

Rewards


Snowflake Analysis


Similar Companies

Share Price & News

How has Ashford's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: AINC has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

3.9%

AINC

1.9%

US Capital Markets

0.6%

US Market


1 Year Return

-57.4%

AINC

19.9%

US Capital Markets

24.6%

US Market

Return vs Industry: AINC underperformed the US Capital Markets industry which returned 21.7% over the past year.

Return vs Market: AINC underperformed the US Market which returned 24.7% over the past year.


Shareholder returns

AINCIndustryMarket
7 Day3.9%1.9%0.6%
30 Day-3.7%4.3%3.0%
90 Day13.5%13.5%10.6%
1 Year-57.4%-57.4%22.4%19.9%27.3%24.6%
3 Year-53.1%-53.1%44.8%36.7%50.5%40.8%
5 Year-83.4%-83.4%100.6%82.1%78.9%59.1%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Ashford undervalued compared to its fair value and its price relative to the market?

0.94x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate AINC's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate AINC's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: AINC is unprofitable, so we can't compare its PE Ratio to the Capital Markets industry average.

PE vs Market: AINC 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 AINC's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: AINC is good value based on its PB Ratio (0.9x) compared to the US Capital Markets industry average (6.6x).

Future Growth

How is Ashford forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

-28.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AINC is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: AINC is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: AINC is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: AINC's revenue (14.8% per year) is forecast to grow faster than the US market (7.5% per year).

High Growth Revenue: AINC's revenue (14.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if AINC's Return on Equity is forecast to be high in 3 years time

Past Performance

How has Ashford performed over the past 5 years?

45.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AINC is currently unprofitable.

Growing Profit Margin: AINC is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: AINC is unprofitable, but has reduced losses over the past 5 years at a rate of 45% per year.

Accelerating Growth: Unable to compare AINC's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: AINC is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (20.6%).


Return on Equity

High ROE: AINC has a negative Return on Equity (-1.33%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed

Financial Health

How is Ashford'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: AINC has a high level of physical assets or inventory.

Debt Coverage by Assets: AINC's debt is covered by short term assets (assets are 2.5x debt).


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: AINC has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: AINC has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of -128.9% each year


Financial Institutions Analysis

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

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

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

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

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

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

Dividend

What is Ashford's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage1.8%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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


Stability and Growth of Payments

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

Growing Dividend: Insufficient data to determine if AINC'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 AINC's dividend in 3 years as they are not forecast to pay a notable one for the US market.

Management

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

1.8yrs

Average management tenure


CEO

Monty Bennett (53yo)

5.8yrs

Tenure

US$6,094,056

Compensation

Mr. Montgomery J. Bennett, IV, also known as Monty, is the Founder of Braemar Hotels & Resorts, Inc. (formerly, Ashford Hospitality Prime, Inc.) and has been its Chairman since April 2013 and served as its ...


CEO Compensation Analysis

Compensation vs Market: Monty's total compensation ($USD6.09M) is above average for companies of similar size in the US market ($USD519.76K).

Compensation vs Earnings: Monty's compensation has increased whilst the company is unprofitable.


Management Age and Tenure

1.8yrs

Average Tenure

50yo

Average Age

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


Board Age and Tenure

5.2yrs

Average Tenure

52yo

Average Age

Experienced Board: AINC's board of directors are considered experienced (5.2 years average tenure).


Insider Trading

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


Recent Insider Transactions

BuyUS$55,58818 Nov 19
Jeremy Welter
EntityIndividual
Role
Co-President
Co-President & COO
Shares2,461
Max PriceUS$22.60
BuyUS$113,47315 Nov 19
Jeremy Welter
EntityIndividual
Role
Co-President
Co-President & COO
Shares5,000
Max PriceUS$22.90
SellUS$596,91007 Oct 19
Braemar Trs Yountville Llc
EntityCompany
Shares19,897
Max PriceUS$30.00
SellUS$11,792,31004 Oct 19
Ashford Hospitality Trust, Inc.
EntityCompany
Shares393,077
Max PriceUS$30.00
BuyUS$679,76708 Aug 19
Jeremy Welter
EntityIndividual
Role
Co-President
Co-President & COO
Shares23,225
Max PriceUS$29.46
BuyUS$217,10006 Jun 19
J. Hays
EntityIndividual
Role
Member of the Board of Directors
Co-President
Shares5,000
Max PriceUS$43.42

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 17.7%.


Management Team

  • Doug Kessler (58yo)

    Senior Managing Director

    • Tenure: 1.8yrs
    • Compensation: US$3.37m
  • Mark Nunneley (62yo)

    Chief Accounting Officer

    • Tenure: 5.2yrs
  • Monty Bennett (53yo)

    Founder

    • Tenure: 5.8yrs
    • Compensation: US$6.09m
  • Rob Haiman (50yo)

    Executive VP

    • Tenure: 1.6yrs
  • Jeremy Welter (42yo)

    Co-President & COO

    • Tenure: 1.8yrs
    • Compensation: US$2.42m
  • Deric Eubanks (43yo)

    CFO & Treasurer

    • Tenure: 5.6yrs
    • Compensation: US$2.42m
  • J. Hays (41yo)

    Co-President

    • Tenure: 5.2yrs
    • Compensation: US$2.42m
  • Jordan Jennings

    Manager of Investor Relations


    Board Members

    • W. Murphy (73yo)

      Independent Director

      • Tenure: 1.4yrs
    • Monty Bennett (53yo)

      Founder

      • Tenure: 5.8yrs
      • Compensation: US$6.09m
    • J. Hays (41yo)

      Co-President

      • Tenure: 5.2yrs
      • Compensation: US$2.42m
    • Dinesh Chandiramani (52yo)

      Independent Director

      • Tenure: 5.2yrs
      • Compensation: US$202.51k
    • Brian Wheeler (50yo)

      Lead Independent Director

      • Tenure: 6yrs
      • Compensation: US$284.51k
    • Darrell Hail (53yo)

      Independent Director

      • Tenure: 5.2yrs
      • Compensation: US$162.51k
    • Uno Immanivong (41yo)

      Independent Director

      • Tenure: 2.7yrs
      • Compensation: US$179.71k

    Company Information

    Ashford Inc.'s company bio, employee growth, exchange listings and data sources


    Key Information

    • Name: Ashford Inc.
    • Ticker: AINC
    • Exchange: AMEX
    • Founded: 2014
    • Industry: Asset Management and Custody Banks
    • Sector: Diversified Financials
    • Market Cap: US$52.842m
    • Shares outstanding: 2.20m
    • Website: https://www.ashfordinc.com

    Number of Employees


    Location

    • Ashford Inc.
    • 14185 Dallas Parkway
    • Suite 1100
    • Dallas
    • Texas
    • 75254
    • United States

    Listings

    TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
    AINCAMEX (NYSE MKT LLC)YesCommon StockUSUSDNov 2014

    Biography

    Ashford, Inc is an asset management firm. The firm provides investment management and related services to the real estate and hospitality sectors. Ashford, Inc was formed on April 2, 2014 and is based in Dallas, Texas. Ashford Inc.(AMEX:AINC) operates independently of Ashford Hospitality Trust, Inc. as of November 5, 2019. 


    Company Analysis and Financial Data Status

    All financial data provided by Standard & Poor's Capital IQ.
    DataLast Updated (UTC time)
    Company Analysis2020/01/24 01:13
    End of Day Share Price2020/01/23 00:00
    Earnings2019/09/30
    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.