ALTM

Altus MidstreamNasdaqGM:ALTM Stock Report

Market Cap

US$1.1b

7D

4.5%

1Y

437.8%

Updated

16 Sep, 2021

Data

Company Financials +
ALTM fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance3/6
Financial Health3/6
Dividends3/6

ALTM Overview

Altus Midstream Company owns gas gathering, processing, and transmission assets in the Permian Basin of West Texas.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: ALTM is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: ALTM's weekly volatility has decreased from 30% to 7% over the past year.


Market Performance


7 Day Return

4.5%

ALTM

4.2%

US Oil and Gas

-0.6%

US Market


1 Year Return

437.8%

ALTM

53.8%

US Oil and Gas

33.7%

US Market

Return vs Industry: ALTM exceeded the US Oil and Gas industry which returned 53.8% over the past year.

Return vs Market: ALTM exceeded the US Market which returned 30.7% over the past year.


Shareholder returns

ALTMIndustryMarket
7 Day4.5%4.2%-0.6%
30 Day1.6%4.9%1.4%
90 Day-1.4%-3.6%5.4%
1 Year477.7%437.8%62.8%53.8%35.7%33.7%
3 Yearn/a-17.6%-29.5%61.2%51.2%
5 Yearn/a-3.3%-22.9%123.8%99.4%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

No news available

Altus Midstream Fundamentals Summary

How do Altus Midstream's earnings and revenue compare to its market cap?
ALTM fundamental statistics
Market CapUS$1.09b
Earnings (TTM)US$22.47m
Revenue (TTM)US$145.77m

48.6x

P/E Ratio

7.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ALTM income statement (TTM)
RevenueUS$145.77m
Cost of RevenueUS$40.97m
Gross ProfitUS$104.80m
ExpensesUS$82.33m
EarningsUS$22.47m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)6.00
Gross Margin71.89%
Net Profit Margin15.41%
Debt/Equity Ratio67.4%

How did ALTM perform over the long term?

See historical performance and comparison

Dividends

4.5%

Current Dividend Yield

50%

Payout Ratio

Valuation

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

36.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ALTM ($64.72) is trading below our estimate of fair value ($104.76)

Significantly Below Fair Value: ALTM is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: ALTM is poor value based on its PE Ratio (46.8x) compared to the US Oil and Gas industry average (17x).

PE vs Market: ALTM is poor value based on its PE Ratio (46.8x) compared to the US market (17.1x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ALTM's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ALTM has negative assets, so we can't compare its PB Ratio to the US Oil and Gas industry average.


Future Growth

How is Altus Midstream forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

-16.9%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if ALTM's forecast earnings growth is above the savings rate (2%).

Earnings vs Market: Insufficient data to determine if ALTM's earnings are forecast to grow faster than the US market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: ALTM's revenue is expected to decline over the next 3 years (-16.9% per year).

High Growth Revenue: ALTM's revenue is forecast to decline over the next 3 years (-16.9% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

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


Past Performance

How has Altus Midstream performed over the past 5 years?

-38.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ALTM has high quality earnings.

Growing Profit Margin: ALTM became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: ALTM has become profitable over the past 5 years, growing earnings by -38.5% per year.

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

Earnings vs Industry: ALTM has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-18.6%).


Return on Equity

High ROE: ALTM's Return on Equity (19.1%) is considered low.


Financial Health

How is Altus Midstream's financial position?


Financial Position Analysis

Short Term Liabilities: ALTM's short term assets ($98.2M) exceed its short term liabilities ($25.1M).

Long Term Liabilities: ALTM's short term assets ($98.2M) do not cover its long term liabilities ($854.5M).


Debt to Equity History and Analysis

Debt Level: ALTM's debt to equity ratio (67.4%) is considered high.

Reducing Debt: Insufficient data to determine if ALTM's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: ALTM's debt is well covered by operating cash flow (27.2%).

Interest Coverage: ALTM's interest payments on its debt are well covered by EBIT (8.8x coverage).


Balance Sheet


Dividend

What is Altus Midstream current dividend yield, its reliability and sustainability?

4.46%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ALTM's dividend (4.64%) is higher than the bottom 25% of dividend payers in the US market (1.36%).

High Dividend: ALTM's dividend (4.64%) is in the top 25% of dividend payers in the US market (3.6%)


Stability and Growth of Payments

Stable Dividend: Too early to tell whether ALTM's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if ALTM's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (50%), ALTM's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: ALTM's dividends in 3 years are not forecast to be well covered by earnings (93.7% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.7yrs

Average management tenure


CEO

David Bretches (56 yo)

2.67yrs

Tenure

US$2,334,613

Compensation

Mr. David Clay Bretches has been the Chief Executive officer, President and Director of Altus Midstream Company since January 16, 2019 and served as Chairman of the Board since April 2, 2020 until May 2020...


CEO Compensation Analysis

Compensation vs Market: David's total compensation ($USD2.33M) is about average for companies of similar size in the US market ($USD2.35M).

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


Leadership Team

Experienced Management: ALTM's management team is considered experienced (2.7 years average tenure).


Board Members

Experienced Board: ALTM's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.


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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Altus Midstream Company's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Altus Midstream Company
  • Ticker: ALTM
  • Exchange: NasdaqGM
  • Founded: NaN
  • Industry: Oil and Gas Storage and Transportation
  • Sector: Energy
  • Implied Market Cap: US$1.092b
  • Market Cap: US$251.837m
  • Shares outstanding: 16.25m
  • Website: https://www.altusmidstream.com

Location

  • Altus Midstream Company
  • One Post Oak Central
  • Suite 100
  • Houston
  • Texas
  • 77056-4400
  • United States

Listings


Biography

Altus Midstream Company owns gas gathering, processing, and transmission assets in the Permian Basin of West Texas. As of December 31, 2020, its assets included approximately 182 miles of in-service natura...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/16 04:55
End of Day Share Price2021/09/15 00:00
Earnings2021/06/30
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.