AssetMark Financial Holdings Inc
Prices are adjusted according to historical splits.
Vitals
- Today's Low:
- $26.26
- Today's High:
- $26.89
- Open Price:
- $26.64
- 52W Low:
- $16.88
- 52W High:
- $32.06
- Prev. Close:
- $26.88
- Volume:
- 112629
Company Statistics
- Market Cap.:
- $2.31 billion
- Book Value:
- 15.253
- Revenue TTM:
- $618.31 million
- Operating Margin TTM:
- 23.87%
- Gross Profit TTM:
- $294.03 million
- Profit Margin:
- 16.7%
- Return on Assets TTM:
- 6.38%
- Return on Equity TTM:
- 9.67%
Company Profile
AssetMark Financial Holdings Inc had its IPO on 2019-07-18 under the ticker symbol AMK.
The company operates in the Financial Services sector and Asset Management industry. AssetMark Financial Holdings Inc has a staff strength of 0 employees.
Stock update
Shares of AssetMark Financial Holdings Inc opened at $26.64 at the start of the last trading session i.e. 2023-09-12.
The stocks traded within a range of $26.26 - $26.89, and closed at $26.53.
This is a -1.3% slip from the previous day's closing price.
A total volume of 112,629 shares were traded at the close of the day’s session.
In the last one week, shares of AssetMark Financial Holdings Inc have slipped by -9.45%.
AssetMark Financial Holdings Inc's Key Ratios
AssetMark Financial Holdings Inc has a market cap of $2.31 billion, indicating a price to book ratio of 1.6423 and a price to sales ratio of 2.9106.
In the last 12-months AssetMark Financial Holdings Inc’s revenue was $618.31 million with a gross profit of $294.03 million and an EBITDA of $178.72 million. The EBITDA ratio measures AssetMark Financial Holdings Inc's overall financial performance and is widely used to measure its profitability.
In the trailing 12-month period, AssetMark Financial Holdings Inc’s operating margin was 23.87% while its return on assets stood at 6.38% with a return of equity of 9.67%.
In Q4, AssetMark Financial Holdings Inc’s quarterly earnings growth was a positive 118.1% while revenue growth was a positive 14.3%.
AssetMark Financial Holdings Inc’s PE and PEG Ratio
- Forward PE
- 12.3305
- Trailing PE
- 22.1489
- PEG
Its diluted EPS in the last 12-months stands at $1.41 per share while it has a forward price to earnings multiple of 12.3305 and a PEG multiple of . A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.
The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into AssetMark Financial Holdings Inc’s profitability.
AssetMark Financial Holdings Inc stock is trading at a EV to sales ratio of 3.019 and a EV to EBITDA ratio of 11.5153. Its price to sales ratio in the trailing 12-months stood at 2.9106.
AssetMark Financial Holdings Inc stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.
Balance sheet and cash flow metrics
- Total Assets
- $1.50 billion
- Total Liabilities
- $73.82 million
- Operating Cash Flow
- $-94992000.00
- Capital Expenditure
- $82.92 million
- Dividend Payout Ratio
- 0%
AssetMark Financial Holdings Inc ended 2024 with $1.50 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $1.50 billion while shareholder equity stood at $1.13 billion.
AssetMark Financial Holdings Inc ended 2024 with $0 in deferred long-term liabilities, $73.82 million in other current liabilities, 74000.00 in common stock, $183.50 million in retained earnings and $487.23 million in goodwill. Its cash balance stood at $123.27 million and cash and short-term investments were $136.99 million. The company’s total short-term debt was $0 while long-term debt stood at $112.14 million.
AssetMark Financial Holdings Inc’s total current assets stands at $187.21 million while long-term investments were $0 and short-term investments were $13.71 million. Its net receivables were $20.08 million compared to accounts payable of $4.62 million and inventory worth $0.
In 2024, AssetMark Financial Holdings Inc's operating cash flow was $-94992000.00 while its capital expenditure stood at $82.92 million.
Comparatively, AssetMark Financial Holdings Inc paid $0 in dividends in 2024.
Other key metrics
- Current Trading Price
- $26.53
- 52-Week High
- $32.06
- 52-Week Low
- $16.88
- Analyst Target Price
- $29.8
AssetMark Financial Holdings Inc stock is currently trading at $26.53 per share. It touched a 52-week high of $32.06 and a 52-week low of $32.06. Analysts tracking the stock have a 12-month average target price of $29.8.
Its 50-day moving average was $29.1 and 200-day moving average was $28.16 The short ratio stood at 4.32 indicating a short percent outstanding of 0%.
Around 7014.9% of the company’s stock are held by insiders while 2760.7% are held by institutions.
Frequently Asked Questions About AssetMark Financial Holdings Inc
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About
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. operates as a subsidiary of Huatai International Investment Holdings Limited.