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Fifth Street Asset Management

OTCPK:FSAM
Snowflake Description

Good value with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FSAM
OTCPK
$22M
Imp Market Cap
  1. Home
  2. US
  3. Diversified Financials
Company description

Fifth Street Asset Management Inc. is an asset management holding company. The last earnings update was 495 days ago. More info.


Add to Portfolio Compare Print
  • Fifth Street Asset Management is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • Fifth Street Asset Management has significant price volatility in the past 3 months.
FSAM Share Price and Events
7 Day Returns
4%
OTCPK:FSAM
-4%
US Capital Markets
-1.1%
US Market
1 Year Returns
0%
OTCPK:FSAM
-10%
US Capital Markets
6.4%
US Market
FSAM Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Fifth Street Asset Management (FSAM) 4% 4.8% 0% 0% -60% -
US Capital Markets -4% -4.4% 10.4% -10% 51.8% 54.3%
US Market -1.1% 0.3% 16.7% 6.4% 37.9% 42.1%
1 Year Return vs Industry and Market
  • FSAM outperformed the Capital Markets industry which returned -10% over the past year.
  • FSAM underperformed the Market in United States of America which returned 6.4% over the past year.
Price Volatility
FSAM
Industry
5yr Volatility vs Market

FSAM Value

 Is Fifth Street Asset Management undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Fifth Street Asset Management to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Fifth Street Asset Management.

OTCPK:FSAM Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Last reported Return on Equity.
= Stable Book Value * Return on Equity
= $0.51 * 106.8%
$0.54
Book Value of Equity per Share Median Book Value from the past 5 years. $0.51
Discount Rate (Cost of Equity) See below 14.7%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:FSAM
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.72
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.719 (1 + (1- 21%) (428.27%))
2.44
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (2 * 5.96%)
14.65%

Discounted Cash Flow Calculation for OTCPK:FSAM using Excess Returns Model Model

The calculations below outline how an intrinsic value for Fifth Street Asset Management is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

OTCPK:FSAM Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (106.8% – 14.65%) * $0.51)
$0.47
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $0.47 / (14.65% - 2.73%)
$3.91
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $0.51 + $3.91
$4.42
OTCPK:FSAM Discount to Share Price
Calculation Result
Value per share (USD) From above. $4.42
Current discount Discount to share price of $1.30
= -1 x ($1.30 - $4.42) / $4.42
70.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Fifth Street Asset Management is available for.
Intrinsic value
>50%
Share price is $1.3 vs Future cash flow value of $4.42
Current Discount Checks
For Fifth Street Asset Management to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Fifth Street Asset Management's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Fifth Street Asset Management's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Fifth Street Asset Management's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Fifth Street Asset Management's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:FSAM PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2017-09-30) in USD $0.11
OTCPK:FSAM Share Price ** OTCPK (2019-03-22) in USD $1.3
United States of America Capital Markets Industry PE Ratio Median Figure of 77 Publicly-Listed Capital Markets Companies 24.51x
United States of America Market PE Ratio Median Figure of 3,061 Publicly-Listed Companies 17.15x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Fifth Street Asset Management.

OTCPK:FSAM PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OTCPK:FSAM Share Price ÷ EPS (both in USD)

= 1.3 ÷ 0.11

12.04x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Fifth Street Asset Management is good value based on earnings compared to the US Capital Markets industry average.
  • Fifth Street Asset Management is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Fifth Street Asset Management's expected growth come at a high price?
Raw Data
OTCPK:FSAM PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.04x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Capital Markets Industry PEG Ratio Median Figure of 33 Publicly-Listed Capital Markets Companies 1.85x
United States of America Market PEG Ratio Median Figure of 2,104 Publicly-Listed Companies 1.45x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Fifth Street Asset Management, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Fifth Street Asset Management's assets?
Raw Data
OTCPK:FSAM PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2017-09-30) in USD $-0.27
OTCPK:FSAM Share Price * OTCPK (2019-03-22) in USD $1.3
United States of America Capital Markets Industry PB Ratio Median Figure of 152 Publicly-Listed Capital Markets Companies 4.83x
United States of America Market PB Ratio Median Figure of 5,164 Publicly-Listed Companies 1.84x
OTCPK:FSAM PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OTCPK:FSAM Share Price ÷ Book Value per Share (both in USD)

= 1.3 ÷ -0.27

-4.89x

* Primary Listing of Fifth Street Asset Management.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Fifth Street Asset Management has negative assets, we can't compare the value of its assets to the US Capital Markets industry average.
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Value checks
We assess Fifth Street Asset Management's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Fifth Street Asset Management has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

FSAM Future Performance

 How is Fifth Street Asset Management expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 Fifth Street Asset Management 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
6.6%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Fifth Street Asset Management expected to grow at an attractive rate?
  • Unable to compare Fifth Street Asset Management's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Fifth Street Asset Management's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Fifth Street Asset Management's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OTCPK:FSAM Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 6.6%
United States of America Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.2%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:FSAM Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 year ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:FSAM Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2017-12-31 93 1
OTCPK:FSAM Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2017-09-30 81 16 1
2017-06-30 82 33 -12
2017-03-31 79 35 1
2016-12-31 83 16 -2
2016-09-30 25 29 -12
2016-06-30 50 34 2
2016-03-31 92 42 0
2015-12-31 98 67 2
2015-09-30 106 56 4
2015-06-30 106 52 3
2015-03-31 104 52 2
2014-12-31 103 61 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Fifth Street Asset Management is high growth as no earnings estimate data is available.
  • Unable to determine if Fifth Street Asset Management is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:FSAM Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 year ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Fifth Street Asset Management Company Filings, last reported 1 year ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:FSAM Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2017-12-31
OTCPK:FSAM Past Financials Data
Date (Data in USD Millions) EPS *
2017-09-30 0.11
2017-06-30 -1.15
2017-03-31 0.15
2016-12-31 -0.25
2016-09-30 -2.03
2016-06-30 0.30
2016-03-31 -0.03
2015-12-31 0.40
2015-09-30 0.69
2015-06-30 0.47
2015-03-31 0.29
2014-12-31 0.07

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Fifth Street Asset Management will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Fifth Street Asset Management is trading at Fifth Street Asset Management'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Fifth Street Asset Management's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Diversified Financials companies here
  3. While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Fifth Street Asset Management's filings and announcements here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
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Future performance checks
We assess Fifth Street Asset Management's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Fifth Street Asset Management has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

FSAM Past Performance

  How has Fifth Street Asset Management performed over the past 5 years?

  • Fifth Street Asset Management's last earnings update was 495 days ago.
The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Fifth Street Asset Management's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Insufficient data to establish if Fifth Street Asset Management's year on year earnings growth rate was positive over the past 5 years.
  • Fifth Street Asset Management has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Fifth Street Asset Management has become profitable in the last year making it difficult to compare the US Capital Markets industry average.
Earnings and Revenue History
Fifth Street Asset Management's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Fifth Street Asset Management Company Filings, last reported 1 year ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:FSAM Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2017-09-30 81.02 1.43 16.20
2017-06-30 81.84 -12.44 16.68
2017-03-31 79.14 1.30 15.47
2016-12-31 82.55 -1.53 17.65
2016-09-30 25.38 -11.85 14.93
2016-06-30 50.04 1.72 16.17
2016-03-31 91.86 -0.15 19.23
2015-12-31 97.77 2.38 15.20
2015-09-30 106.33 3.99 15.76
2015-06-30 106.16 2.84 14.18
2015-03-31 103.73 1.73 12.86
2014-12-31 102.54 0.44 11.91
2014-09-30 94.44 -24.78 7.92
2014-06-30 86.77 -20.36 6.46
2014-03-31 81.64 -10.25 6.13
2013-12-31 73.62 39.77 5.51
2012-12-31 54.64 0.00 5.04

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Fifth Street Asset Management has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • Fifth Street Asset Management used its assets more efficiently than the US Capital Markets industry average last year based on Return on Assets.
  • Fifth Street Asset Management has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Fifth Street Asset Management's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Fifth Street Asset Management has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

FSAM Health

 How is Fifth Street Asset Management's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Fifth Street Asset Management's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Fifth Street Asset Management's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Fifth Street Asset Management's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Fifth Street Asset Management's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Fifth Street Asset Management has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Fifth Street Asset Management Company Filings, last reported 1 year ago.

OTCPK:FSAM Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2017-09-30 -33.51 93.55 5.74
2017-06-30 -8.85 100.45 2.25
2017-03-31 -1.68 114.97 0.87
2016-12-31 -5.49 116.97 6.73
2016-09-30 2.42 106.97 4.14
2016-06-30 -11.13 104.22 8.62
2016-03-31 -11.64 109.22 5.41
2015-12-31 -2.46 86.71 17.19
2015-09-30 7.36 424.69 80.56
2015-06-30 13.52 37.15 1.47
2015-03-31 19.53 24.61 1.30
2014-12-31 20.80 21.56 3.24
2014-09-30 142.63 217.49 35.48
2014-06-30 60.59 86.86 7.39
2014-03-31 56.53 26.79 12.65
2013-12-31 21.02 4.00 4.02
2012-12-31 14.48 0.00 16.16
  • Fifth Street Asset Management has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Fifth Street Asset Management's debt level has increased considering it has negative shareholder equity.
  • Debt is not well covered by operating cash flow (16.9%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 11.9x coverage).
X
Financial health checks
We assess Fifth Street Asset Management's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Fifth Street Asset Management has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

FSAM Dividends

 What is Fifth Street Asset Management's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
38.46%
Current annual income from Fifth Street Asset Management dividends.
If you bought $2,000 of Fifth Street Asset Management shares you are expected to receive $769 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Fifth Street Asset Management's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).
  • Fifth Street Asset Management's dividend is above the markets top 25% of dividend payers in United States of America (3.72%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:FSAM Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 43 Stocks 2.2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2003 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.9%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:FSAM Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2017-12-31 0.50 1.00
OTCPK:FSAM Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-01-30 0.500 35.941
2017-11-14 0.000 0.000
2017-08-21 0.000 0.000
2017-03-21 0.450 10.740
2016-08-15 0.400 6.975
2016-05-16 0.400 9.783
2016-03-17 0.400 11.615
2015-11-24 0.680 24.011
2015-08-13 0.680 9.728
2015-02-09 1.200 11.326
2015-01-21 1.200 8.877

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Fifth Street Asset Management has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Fifth Street Asset Management has only been paying a dividend for 4 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Fifth Street Asset Management's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.9x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Fifth Street Asset Management's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Fifth Street Asset Management afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Fifth Street Asset Management has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

FSAM Management

 What is the CEO of Fifth Street Asset Management's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Len Tannenbaum
COMPENSATION $121,420
AGE 47
TENURE AS CEO 5.2 years
CEO Bio

Mr. Leonard Mark Tannenbaum, also known as Len, CFA serves as Chief Executive Officer of MMKT Exchange LLC. He founded Fifth Street Asset Management Inc. in 1998 and serves as its Chief Executive Officer and Chairman. Mr. Tannenbaum is the Founder, Chief Executive Officer, Chairman of Fifth Street Capital LLC. He is the Founder, Chief Executive Officer and Managing Partner at Fifth Street Management LLC. He founded Fifth Street in 1998. Mr. Tannenbaum serves as Managing Partner at MYFM Capital LLC. He is a Partner at BET Associates LP. He served as a Partner at LAR Management from 1997 to 1999. He served as an Assistant Portfolio Manager at Pilgrim Baxter and Co. from 1996 to 1997. Mr. Tannenbaum served as a Small-Cap Analyst of Merrill Lynch. He served as Portfolio Manager at Fifth Street Asset Management Inc. until October 19th 2015. Mr. Tannenbaum served as an Assistant Vice President in the small company group of the firm from 1994 to 1996. He served as Equity Analyst at BofA Merrill Lynch, Research Division. He served as Chief Executive Officer of Fifth Street Finance Corp. from October 2007 to January 22, 2015 and served as President from October 2007 to February 2010. He served as the President of CollectingNation.com. He served as Chief Executive Officer and Chairman of Fifth Street Senior Floating Rate Corp. from May 2013 to September 9, 2014 and served as Vice Chairman from January 2014 to September 9, 2014. He served as Chairman of Fifth Street Finance Corp. from December 2007 to September 9, 2014. He serves on the Boards of the Penn Wharton Public Policy Initiative, the U.S.-Cuba Business Council and the Norwalk Aquarium. He is a Director of New World Restaurant Group Inc. since March 1999. Mr. Tannenbaum serves as a Director of several Greenlight Capital affiliated entities, including Greenlight Masters LLC and also serves on the National Board of Governors of Hillel. He served as a Member of the Board of Directors at Kent International Holdings Inc. He served as a Director of Enlivant since January 2001. He served as the Director of WesTower Communications, Inc., of Einstein Noah Restaurant Group, Inc. from March 1999 to September 01, 2007, Westower Corporation, Corteq Inc., General Devices Inc., Timesys as well as several private companies and charitable organizations. He has received a number of awards and honors for his leadership and contributions to the industry, including the M&A Advisor Leadership Award in 2013, the YJP Leadership & Achievement Award in 2014 and EY Entrepreneur of the Year Finalist (New York region) both in 2013 and 2015. He was named one of “America's 20 Most Powerful CEOs 40 and Under” by Forbes in 2012. Mr. Tannenbaum continuously supports a number of nationally recognized charitable organizations including The Robin Hood Foundation, Kids in Crisis, United Way and the American Red Cross. In addition to supporting organizations such as Junior Achievement, the Greater Stamford Hispanic Chamber of Commerce and serving as a Senior Advisor to the Maritime Aquarium at Norwalk, he also founded Keeping America Competitive in 2012, which is particularly focused on helping CT-based small businesses succeed. He is a Chartered Financial Analyst. Mr. Tannenbaum received an M.B.A. in Finance as part of the Submatriculation Program in 1994, a BS in Management and Economics in 1993 from the Wharton School and an Undergraduate degree from the University of Pennsylvania.

CEO Compensation
  • Len's compensation has been consistent with company performance over the past year.
  • Insufficient data for Len to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure of the Fifth Street Asset Management management team in years:

4.5
Average Tenure
  • The tenure for the Fifth Street Asset Management management team is about average.
Management Team

Len Tannenbaum

TITLE
Founder
COMPENSATION
$121K
AGE
47
TENURE
5.2 yrs

Bernie Berman

TITLE
President & Chief Compliance Officer
COMPENSATION
$546K
AGE
48
TENURE
4.5 yrs

Brian Walter

TITLE
MD & Head of Institutional Products
TENURE
2.2 yrs
Board of Directors Tenure

Average tenure and age of the Fifth Street Asset Management board of directors in years:

3.3
Average Tenure
56
Average Age
  • The tenure for the Fifth Street Asset Management board of directors is about average.
Board of Directors

Alex Frank

TITLE
Director
COMPENSATION
$852K
AGE
60
TENURE
3.6 yrs

Len Tannenbaum

TITLE
Founder
COMPENSATION
$121K
AGE
47
TENURE
5.2 yrs

Tom Harrison

TITLE
Lead Independent Director
COMPENSATION
$164K
AGE
70
TENURE
3.3 yrs

Jim Velgot

TITLE
Director
COMPENSATION
$211K
AGE
56
TENURE
3.3 yrs

Tom Brandt

TITLE
Director
COMPENSATION
$134K
AGE
54
TENURE
3.3 yrs

Michael Arthur

TITLE
Director
COMPENSATION
$68K
AGE
78
TENURE
2.9 yrs

Jodi Bond

TITLE
Director
AGE
47
TENURE
1.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Fifth Street Asset Management's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Fifth Street Asset Management has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

FSAM News

Simply Wall St News

FSAM Company Info

Description

Fifth Street Asset Management Inc. is an asset management holding company. The firm provides asset management services through its subsidiaries. Fifth Street Asset Management Inc. was founded in 1998 and is headquartered in Greenwich, Connecticut.

Details
Name: Fifth Street Asset Management Inc.
FSAM
Exchange: OTCPK
Founded: 1998
$21,843,967
$26,484,728
16,803,052
Website: http://www.fifthstreetfinance.com
Address: Fifth Street Asset Management Inc.
777 West Putnam Avenue,
3rd Floor,
Greenwich,
Connecticut, 06830,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OTCPK FSAM Class A Common Stock Pink Sheets LLC US USD 30. Oct 2014
Number of employees
Current staff
Staff numbers
0
Fifth Street Asset Management employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/24 00:34
End of day share price update: 2019/03/22 00:00
Last estimates confirmation: 2017/11/06
Last earnings filing: 2017/11/14
Last earnings reported: 2017/09/30
Last annual earnings reported: 2016/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.