AMEX:AMS

Stock Analysis Report

American Shared Hospital Services

Executive Summary

American Shared Hospital Services leases radiosurgery and radiation therapy equipment to health care providers.

Snowflake

Fundamentals

Adequate balance sheet and fair value.


Similar Companies

Share Price & News

How has American Shared Hospital Services's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0.5%

AMS

5.8%

US Healthcare

1.8%

US Market


1 Year Return

-27.4%

AMS

-6.5%

US Healthcare

7.3%

US Market

Return vs Industry: AMS underperformed the US Healthcare industry which returned -6.5% over the past year.

Return vs Market: AMS underperformed the US Market which returned 7.3% over the past year.


Shareholder returns

AMSIndustryMarket
7 Day0.5%5.8%1.8%
30 Day-2.8%2.5%-0.7%
90 Day-15.6%-1.8%0.06%
1 Year-27.4%-27.4%-5.0%-6.5%9.7%7.3%
3 Year-16.8%-16.8%33.9%28.6%46.3%36.9%
5 Year14.0%14.0%65.6%55.8%64.5%46.5%

Price Volatility Vs. Market

How volatile is American Shared Hospital Services's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is American Shared Hospital Services undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: AMS ($2.44) is trading below our estimate of fair value ($9.54)

Significantly Undervalued: AMS is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: AMS is poor value based on its PE Ratio (22.1x) compared to the Healthcare industry average (20.4x).

PE vs Market: AMS is poor value based on its PE Ratio (22.1x) compared to the US market (17.7x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: AMS is good value based on its PB Ratio (0.6x) compared to the US Healthcare industry average (2.5x).


Next Steps

Future Growth

How is American Shared Hospital Services forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

27.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AMS's forecast earnings growth (27.7% per year) is above the savings rate (2.7%).

Earnings vs Market: AMS's earnings (27.7% per year) are forecast to grow faster than the US market (14.6% per year).

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

Revenue vs Market: Insufficient data to determine if AMS's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if AMS's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

How has American Shared Hospital Services performed over the past 5 years?

56.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: AMS has become profitable over the past 5 years, growing earnings by 56.2% per year.

Accelerating Growth: AMS's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: AMS had negative earnings growth (-70.5%) over the past year, making it difficult to compare to the Healthcare industry average (5.3%).


Return on Equity

High ROE: AMS's Return on Equity (3.6%) is considered low.


Return on Assets

ROA vs Industry: AMS's Return on Assets is below or equal to the Healthcare industry average last year.


Return on Capital Employed

ROCE Improving: AMS's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is American Shared Hospital Services's financial position?


Financial Position Analysis

Short Term Liabilities: AMS's short term assets ($9.9M) exceeds its short term liabilities ($8.6M)

Long Term Liabilities: AMS's short term assets (9.9M) do not cover its long term liabilities (15.2M)


Debt to Equity History and Analysis

Debt Level: AMS's debt to equity ratio (14.1%) is considered satisfactory

Reducing Debt: AMS's debt to equity ratio has reduced from 65.1% to 14.1% over the past 5 years.

Debt Coverage: AMS's debt is well covered by operating cash flow (149.9%).

Interest Coverage: AMS's interest payments on its debt are not well covered by EBIT (1.8x coverage).


Balance Sheet

Inventory Level: AMS has a high level of physical assets or inventory.

Debt Coverage by Assets: AMS's debt is covered by short term assets (assets are 2.218600x debt).


Next Steps

Dividend

What is American Shared Hospital Services's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%1.5%markettop25%3.7%industryaverage1.6%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

High Dividend: Unable to evaluate AMS'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 AMS's dividends per share have been stable in the past.

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


Current Payout to Shareholders

Dividend Coverage: AMS is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of AMS'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 American Shared Hospital Services's salary, the management and board of directors tenure and is there insider trading?

23.4yrs

Average management tenure


CEO

Ernest Bates (82yo)

36.8yrs

Tenure

US$451,896

Compensation

Dr. Ernest A. Bates M.D. Founded the American Shared Hospital Services in 1977 and has been its Chairman of the Board and Chief Executive Officer since 1983. Dr. Bates served as Emeritus Vice Chairman of t ...


CEO Compensation Analysis

Compensation vs. Market: Ernest's total compensation ($USD451.90K) is about average for companies of similar size in the US market ($USD491.38K).

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


Management Age and Tenure

23.4yrs

Average Tenure

73.5yo

Average Age

Experienced Management: AMS's management team is seasoned and experienced (23.4 years average tenure).


Board Age and Tenure

8.3yrs

Average Tenure

64yo

Average Age

Experienced Board: AMS's board of directors are considered experienced (8.3 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$438,32617 May 19
Raymond Stachowiak
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares160,559
Max PriceUS$2.73
SellUS$438,32617 May 19
Stanley Trotman
EntityIndividual
Shares160,559
Max PriceUS$2.73

Ownership Breakdown


Management Team

  • Ernest Bates (82yo)

    Founder

    • Tenure: 36.8yrs
    • Compensation: US$451.90k
  • Craig Tagawa (65yo)

    Senior VP

    • Tenure: 23.4yrs
    • Compensation: US$340.10k
  • Willie Barnes (87yo)

    Corporate Secretary

    • Tenure: 35.8yrs
  • Ernest Bates (52yo)

    Vice President of Sales & Business Development

    • Tenure: 12.8yrs
    • Compensation: US$268.92k
  • Alexis Wallace

    Controller

    • Tenure: 5.4yrs

Board Members

  • Ernest Bates (82yo)

    Founder

    • Tenure: 36.8yrs
    • Compensation: US$451.90k
  • Daniel Kelly (67yo)

    Independent Director

    • Tenure: 3.3yrs
    • Compensation: US$24.25k
  • Sandra A. Lawrence (61yo)

    Independent Director

    • Tenure: 2.1yrs
    • Compensation: US$24.25k
  • Ray Stachowiak (61yo)

    Independent Director

    • Tenure: 10.1yrs
    • Compensation: US$24.25k
  • David Larson (78yo)

    Independent Director

    • Tenure: 8.3yrs
    • Compensation: US$24.25k
  • Saim Ozyurek (44yo)

    Director

    • Tenure: 8.3yrs
    • Compensation: US$24.25k

Company Information

American Shared Hospital Services's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: American Shared Hospital Services
  • Ticker: AMS
  • Exchange: AMEX
  • Founded: 1980
  • Industry: Health Care Services
  • Sector: Healthcare
  • Market Cap: US$14.191m
  • Shares outstanding: 5.82m
  • Website: https://www.ashs.com

Number of Employees


Location

  • American Shared Hospital Services
  • Two Embarcadero Center
  • Suite 410
  • San Francisco
  • California
  • 94111
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AMSAMEX (NYSE MKT LLC)YesCommon StockUSUSDJul 1984
AZSDB (Deutsche Boerse AG)YesCommon StockDEEURJul 1984

Biography

American Shared Hospital Services leases radiosurgery and radiation therapy equipment to health care providers. The company offers radiosurgery equipment for the Gamma Knife stereotactic radiosurgery, a no ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/17 23:32
End of Day Share Price2019/10/17 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.