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AssetMark Financial Holdings, Inc. Stock Research

AMK

30.61USD0.00(0.00%)Market Closed

Market Summary

USD30.610.00
Market Closed
0.00%

AMK Alerts

AMK Stock Price

AMK RSI Chart

AMK Valuation

Market Cap

2.3B

Price/Earnings (Trailing)

21.89

Price/Sales (Trailing)

3.66

EV/EBITDA

12.25

Price/Free Cashflow

16.47

AMK Price/Sales (Trailing)

AMK Profitability

EBT Margin

20.13%

Return on Equity

8.2%

Return on Assets

6.14%

Free Cashflow Yield

6.07%

AMK Fundamentals

AMK Revenue

Revenue (TTM)

618.3M

Revenue Y/Y

14.31%

Revenue Q/Q

6.12%

AMK Earnings

Earnings (TTM)

103.3M

Earnings Y/Y

107.21%

Earnings Q/Q

-15%

Price Action

52 Week Range

16.8832.06
(Low)(High)

Last 7 days

-1.9%

Last 30 days

14.4%

Last 90 days

33.1%

Trailing 12 Months

34.4%

AMK Financial Health

Current Ratio

3.72

AMK Investor Care

Shares Dilution (1Y)

0.39%

Diluted EPS (TTM)

1.4

Peers (Alternatives to AssetMark Financial Holdings)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
59.6B
8.5B
-7.66% -30.88%
34.12
7
-62.27% -70.16%
43.1B
5.7B
10.72% -14.53%
-51.24
7.53
-64.76% -118.02%
33.8B
14.3B
-14.12% -5.25%
10.39
2.44
6.72% -7.28%
13.2B
8.0B
-11.69% -1.40%
13.1
1.64
-7.35% -48.21%
MID-CAP
6.8B
6.0B
-14.54% -28.82%
10.01
1.13
-12.26% -50.90%
5.7B
737.1M
-6.43% -1.55%
47.02
7.72
-67.95% -74.36%
5.2B
2.3B
-14.93% -2.81%
4.56
2.24
-3.43% 102.56%
4.3B
2.8B
-11.84% -2.49%
9.07
1.56
-15.97% -35.62%
4.2B
2.2B
-7.69% -22.74%
15.43
1.92
-20.36% -55.18%
3.1B
2.9B
-10.13% -3.17%
8.54
1.07
-12.79% -32.30%
2.3B
618.3M
14.39% 34.37%
21.89
3.66
16.60% 302.25%
SMALL-CAP
487.1M
154.5M
-13.38% -10.05%
12.05
3.15
-15.20% -45.51%
463.9M
40.1M
-6.84% -26.21%
26
11.57
-0.04% -31.55%
209.1M
554.5M
1.08% -38.21%
83.33
0.38
-42.93% -98.83%
161.6M
197.7M
0.84% -7.62%
4
0.82
5.01% -33.91%

Financials for AssetMark Financial Holdings

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue3.4%618598583560530
Operating Expenses0.6%475472473464482
  S&GA Expenses4.4%90.0086.0083.0078.0073.00
EBITDA9.4%15714313186.00-
EBITDA Margin6.7%0.26*0.25*0.23*0.16*-
Earnings Before Taxes13.7%13712010591.0045.00
EBT Margin12.1%0.20*0.18*0.16*0.08*-
Interest Expenses26.4%7.005.005.004.004.00
Net Income14.7%10390.0072.0057.0026.00
Net Income Margin21.6%0.15*0.12*0.10*0.05*-
Free Cahsflow-0.2%128129138127-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets2.4%1,5031,4671,4341,4031,387
  Current Assets-6.3%187200176149134
    Cash Equivalents-10.2%12313711799.0077.00
  Net PPE13.8%8.007.008.008.008.00
  Goodwill11.5%487437437437437
Liabilities1.8%377370370368378
  Current Liabilities37.3%74.0054.0053.0049.0059.00
    LT Debt, Non Current-1.4%112114115117115
Shareholder's Equity2.7%1,1261,0971,0631,0351,009
  Retained Earnings16.2%18415812810280.00
  Additional Paid-In Capital0.4%943939935932929
Accumulated Depreciation-10.00----
Shares Outstanding0.0%74.0074.0074.0074.0074.00
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations7.4%140131131140129
  Share Based Compensation-11.4%14.0016.0020.0023.0054.00
Cashflow From Investing-107.7%-94.99-45.73-161-160-160
Cashflow From Financing-55.4%1.003.00-30.52-38.6140.00

Risks for AMK

What is the probability of a big loss on AMK?

67.0%


Probability that AssetMark Financial Holdings stock will be more than 20% underwater in next one year

45.4%


Probability that AssetMark Financial Holdings stock will be more than 30% underwater in next one year.

25.3%


Probability that AssetMark Financial Holdings stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does AMK drawdown profile look like?

Y-axis is the maximum loss one would have experienced if AssetMark Financial Holdings was unfortunately bought at previous high price.

Drawdowns

Returns for AMK

Cumulative Returns on AMK

24.1%


3-Year Cumulative Returns

Which funds bought or sold AMK recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
added
67.67
343,821
653,821
-%
2023-02-28
Voya Investment Management LLC
new
-
204,332
204,332
-%
2023-02-15
MCMORGAN & CO LLC
added
4.59
576,443
2,404,440
0.52%
2023-02-15
MetLife Investment Management, LLC
added
8.68
67,609
252,609
-%
2023-02-15
Altshuler Shaham Ltd
sold off
-100
-26,000
-
-%
2023-02-15
ALLIANCEBERNSTEIN L.P.
added
10.47
122,000
437,000
-%
2023-02-15
State of Wyoming
new
-
112,654
112,654
0.04%
2023-02-15
Metropolitan Life Insurance Co/NY
unchanged
-
6,337
30,337
-%
2023-02-14
STATE OF WISCONSIN INVESTMENT BOARD
reduced
-12.51
71,926
794,926
-%
2023-02-14
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
added
1.2
137,021
640,021
-%

1–10 of 49

Latest Funds Activity

Are funds buying AMK calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own AMK
No. of Funds

AssetMark Financial Holdings News

Nasdaq

Assetmark Financial Holdings Inc Shares Approach 52-Week High ....

Nasdaq,
5 days ago

InvestorsObserver

February AMK Report.

InvestorsObserver,
12 days ago

EIN News

StockNews.com

AMK Fair Value

AssetMark Financial Holdings fair value in different scenarios

The table shows the Fair Value estimates for AssetMark Financial Holdings for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

12.97

-57.63%

16.11

-47.37%

21.39

-30.12%

26.42

-13.69%

29.70

-2.97%
Current Inflation

12.17

-60.24%

14.86

-51.45%

19.30

-36.95%

23.51

-23.20%

26.26

-14.21%
Very High Inflation

11.17

-63.51%

13.34

-56.42%

16.83

-45.02%

20.13

-34.24%

22.29

-27.18%

Historical AssetMark Financial Holdings Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of AssetMark Financial Holdings

View All Filings
Date Filed Form Type Document
Mar 17, 2023
4
Insider Trading
Mar 14, 2023
10-K
Annual Report
Mar 07, 2023
4
Insider Trading
Mar 07, 2023
4
Insider Trading
Feb 22, 2023
8-K
Current Report
Feb 10, 2023
13F-NT
13F-NT
Jan 31, 2023
4
Insider Trading
Dec 15, 2022
8-K
Current Report

Latest Insider Trading transactions for AMK

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-17
Kim Michael
gifted
-
-
250,000
president & cco
2023-03-17
Kim Michael
gifted
-
-
-250,000
president & cco
2023-03-06
Kim Michael
sold
-128,033
31.66
-4,044
president & cco
2023-03-06
Wolfsen Natalie Grace
sold
-175,555
31.66
-5,545
evp, chief executive officer
2023-01-03
Kim Michael
gifted
-
-
-3,300
president & cco
2023-01-03
Kim Michael
gifted
-
-
1,100
president & cco
2022-12-28
Kim Michael
gifted
-
-
294,664
president & cco
2022-12-28
Kim Michael
gifted
-
-
-294,664
president & cco
2022-07-15
Kim Michael
gifted
-
-
290,000
president & cco
2022-07-15
Kim Michael
gifted
-
-
-290,000
president & cco

1–10 of 50

Natalie G. Wolfsen
870
AssetMark Financial Holdings, Inc. provides wealth management and technology solutions in the United States. It offers an open-architecture product platform, as well as client advice, asset allocation options, practice management, support services, and technology to the financial adviser channel. The company provides integrated technology platform for advisers for accessing a range of automated processes, including new account opening, portfolio construction, streamlined financial planning, customer billing, investor reporting, progress to goal analysis, and client activity tracking; advisory services; and curated investment platform. It also offers SaaS-based financial planning, wellness, and client digital engagement solutions. The company also offers mutual funds; custodial recordkeeping services primarily to investor clients of registered investment advisers; and wealth management services for individual investors. It serves independent advisers who provide wealth management advice to the U.S. investors and advisers. The company was founded in 1996 and is headquartered in Concord, California. AssetMark Financial Holdings, Inc. is a subsidiary of Huatai International Investment Holdings Limited.

AMK Income Statement

2022-12-31
Consolidated Statements of Income and Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenue:   
Total revenue$ 618,306$ 530,299$ 432,079
Operating expenses:   
Asset-based expenses154,100150,836132,695
Spread-based expenses8,1821,4272,703
Employee compensation166,330196,701176,483
General and operating expenses90,12272,94162,466
Professional fees25,18621,81315,100
Depreciation and amortization31,14937,92935,126
Total operating expenses475,069481,647424,573
Interest expense6,5203,5595,588
Other (income) expense, net(43)1061,687
Income before income taxes136,76044,987231
Provision for income taxes33,49919,3168,043
Net income (loss)103,26125,671(7,812)
Change in fair value of convertible notes receivable, net(157)  
Net comprehensive income (loss)$ 103,104$ 25,671$ (7,812)
Net income (loss) per share attributable to common stockholders:   
Basic$ 1.40$ 0.36$ (0.12)
Diluted$ 1.40$ 0.35$ (0.12)
Weighted average number of common shares outstanding, basic73,724,34172,137,17467,361,995
Weighted average number of common shares outstanding, diluted73,872,82872,399,21367,361,995
Asset Based Revenue   
Revenue:   
Total revenue$ 534,182$ 512,188$ 412,023
Spread Based Revenue   
Revenue:   
Total revenue63,4098,56816,618
Subscription Based Revenue   
Revenue:   
Total revenue13,0206,381 
Other Revenue   
Revenue:   
Total revenue$ 7,695$ 3,162$ 3,438

AMK Balance Sheet

2022-12-31
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:  
Cash and cash equivalents$ 123,274$ 76,707
Restricted cash13,00013,000
Investments, at fair value13,71414,498
Fees and other receivables, net20,0829,019
Income tax receivable, net2656,276
Prepaid expenses and other current assets16,87014,673
Total current assets187,205134,173
Property, plant and equipment, net8,4958,015
Capitalized software, net89,95973,701
Other intangible assets, net694,627695,093
Operating lease right-of-use assets22,00222,469
Goodwill487,225447,864
Other assets13,4172,090
Total assets1,502,9301,383,405
Current liabilities:  
Accounts payable4,6242,613
Accrued liabilities and other current liabilities69,19656,249
Total current liabilities73,82058,862
Long-term debt, net112,138115,000
Other long-term liabilities15,18516,468
Long-term portion of operating lease liabilities27,92428,316
Deferred income tax liabilities, net147,497155,373
Total long-term liabilities302,744315,157
Total liabilities376,564374,019
Commitments and contingencies
Stockholders’ equity:  
Common stock, $0.001 par value (675,000,000 shares authorized and 73,847,596 and 73,562,717 shares issued and outstanding as of December 31, 2022 and 2021, respectively)7474
Additional paid-in capital942,946929,070
Retained earnings183,50380,242
Accumulated other comprehensive loss(157) 
Total stockholders’ equity1,126,3661,009,386
Total liabilities and stockholders’ equity$ 1,502,930$ 1,383,405