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A-Mark Precious Metals

BST:AND
Snowflake Description

Imperfect balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AND
BST
$71M
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

A-Mark Precious Metals, Inc., together with its subsidiaries, operates as a precious metals trading company worldwide. The last earnings update was 7 days ago. More info.


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  • A-Mark Precious Metals has significant price volatility in the past 3 months.
AND Share Price and Events
7 Day Returns
-2.2%
BST:AND
-0.4%
DE Diversified Financial
-0.3%
DE Market
1 Year Returns
-19.5%
BST:AND
32.9%
DE Diversified Financial
10.4%
DE Market
AND Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
A-Mark Precious Metals (AND) -2.2% -11.9% -31.1% -19.5% -42.5% -
DE Diversified Financial -0.4% 3.2% 17.6% 32.9% 117.6% 307.4%
DE Market -0.3% 4.2% 12.4% 10.4% 13.9% 17.1%
1 Year Return vs Industry and Market
  • AND underperformed the Diversified Financial industry which returned 32.9% over the past year.
  • AND underperformed the Market in Germany which returned 10.4% over the past year.
Price Volatility
AND
Industry
5yr Volatility vs Market

Value

 Is A-Mark Precious Metals 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 A-Mark Precious Metals 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 A-Mark Precious Metals.

BST:AND Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $9.81 * 3.1%
$0.31
Book Value of Equity per Share Median Book Value from the past 5 years. $9.81
Discount Rate (Cost of Equity) See below 12.1%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

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 BST:AND
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Diversified Financial Unlevered Beta Simply Wall St/ S&P Global 0.72
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.724 (1 + (1- 21%) (923.2%))
4.351
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)
= 0.23% + (2 * 5.96%)
12.15%

Discounted Cash Flow Calculation for BST:AND using Excess Returns Model Model

The calculations below outline how an intrinsic value for A-Mark Precious Metals 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.

BST:AND Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (3.1% – 12.15%) * $9.81)
$-0.88
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-0.88 / (12.15% - 0.23%)
$-7.42
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $9.81 + $-7.42
$2.39
BST:AND Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BST:AND represents 0.87815x of NasdaqGS:AMRK
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.87815x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 2.39 x 0.87815
€2.10
Value per share (EUR) From above. €2.10
Current discount Discount to share price of €8.90
= -1 x (€8.90 - €2.10) / €2.10
-324.1%

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

  • The current share price of A-Mark Precious Metals is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 A-Mark Precious Metals's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are A-Mark Precious Metals's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BST:AND PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in USD $0.12
NasdaqGS:AMRK Share Price ** NasdaqGS (2019-11-19) in USD $10.14
Germany Diversified Financial Industry PE Ratio Median Figure of 5 Publicly-Listed Diversified Financial Companies 32.18x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 19.74x

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

** Primary Listing of A-Mark Precious Metals.

BST:AND PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:AMRK Share Price ÷ EPS (both in USD)

= 10.14 ÷ 0.12

81.72x

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

  • A-Mark Precious Metals is overvalued based on earnings compared to the DE Diversified Financial industry average.
  • A-Mark Precious Metals is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does A-Mark Precious Metals's expected growth come at a high price?
Raw Data
BST:AND PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 81.72x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Diversified Financial Industry PEG Ratio Median Figure of 15 Publicly-Listed Diversified Financial Companies 1.32x
Germany Market PEG Ratio Median Figure of 258 Publicly-Listed Companies 1.36x

*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 A-Mark Precious Metals, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on A-Mark Precious Metals's assets?
Raw Data
BST:AND PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in USD $9.95
NasdaqGS:AMRK Share Price * NasdaqGS (2019-11-19) in USD $10.14
Germany Diversified Financial Industry PB Ratio Median Figure of 8 Publicly-Listed Diversified Financial Companies 4.8x
Germany Market PB Ratio Median Figure of 578 Publicly-Listed Companies 1.88x
BST:AND PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:AMRK Share Price ÷ Book Value per Share (both in USD)

= 10.14 ÷ 9.95

1.02x

* Primary Listing of A-Mark Precious Metals.

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

  • A-Mark Precious Metals is good value based on assets compared to the DE Diversified Financial industry average.
X
Value checks
We assess A-Mark Precious Metals'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 Diversified Financial 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 Diversified Financial industry average (and greater than 0)? (1 check)
  5. A-Mark Precious Metals has a total score of 1/6, 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.

Future Performance

 How is A-Mark Precious Metals 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 A-Mark Precious Metals 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
16.9%
Expected Diversified Financial industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is A-Mark Precious Metals expected to grow at an attractive rate?
  • Unable to compare A-Mark Precious Metals's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare A-Mark Precious Metals's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare A-Mark Precious Metals's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BST:AND Future Growth Rates Data Sources
Data Point Source Value (per year)
Germany Diversified Financial Industry Earnings Growth Rate Market Cap Weighted Average 16.9%
Europe Diversified Financial Industry Revenue Growth Rate Market Cap Weighted Average -0.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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
BST:AND Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month 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.
BST:AND Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
BST:AND Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-09-30 4,699 -67 1
2019-06-30 4,783 -15 2
2019-03-31 5,700 14 0
2018-12-31 6,428 29 -2
2018-09-30 7,008 32 -2
2018-06-30 7,606 8 -3
2018-03-31 7,166 109 1
2017-12-31 6,902 -5 3
2017-09-30 7,348 -8 6
2017-06-30 6,990 -10 7
2017-03-31 7,398 -80 7
2016-12-31 7,180 -42 7

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if A-Mark Precious Metals is high growth as no earnings estimate data is available.
  • Unable to determine if A-Mark Precious Metals 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
BST:AND Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from A-Mark Precious Metals Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:AND Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
BST:AND Past Financials Data
Date (Data in USD Millions) EPS *
2019-09-30 0.12
2019-06-30 0.32
2019-03-31 0.00
2018-12-31 -0.23
2018-09-30 -0.34
2018-06-30 -0.48
2018-03-31 0.12
2017-12-31 0.38
2017-09-30 0.80
2017-06-30 1.01
2017-03-31 0.99
2016-12-31 0.99

*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 A-Mark Precious Metals will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of AND’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. A-Mark Precious Metals'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. A-Mark Precious Metals's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess A-Mark Precious Metals'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 Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
A-Mark Precious Metals 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.

Past Performance

  How has A-Mark Precious Metals performed over the past 5 years?

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 A-Mark Precious Metals's growth in the last year to its industry (Diversified Financial).
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.
  • A-Mark Precious Metals's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • A-Mark Precious Metals has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • A-Mark Precious Metals has become profitable in the last year making it difficult to compare the Europe Diversified Financial industry average.
Earnings and Revenue History
A-Mark Precious Metals'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 A-Mark Precious Metals Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:AND Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 4,699.08 0.87 33.05
2019-06-30 4,783.16 2.23 32.50
2019-03-31 5,699.75 0.01 29.83
2018-12-31 6,427.72 -1.61 31.00
2018-09-30 7,007.55 -2.39 34.64
2018-06-30 7,606.25 -3.40 33.40
2018-03-31 7,166.26 0.86 31.21
2017-12-31 6,902.14 2.66 27.77
2017-09-30 7,347.76 5.61 24.06
2017-06-30 6,989.62 7.09 23.24
2017-03-31 7,398.07 6.93 23.72
2016-12-31 7,179.97 6.96 23.09
2016-09-30 6,582.76 5.60 21.49
2016-06-30 6,784.04 9.27 22.23
2016-03-31 6,502.23 10.77 20.31
2015-12-31 6,613.98 11.26 18.96
2015-09-30 6,623.70 11.53 19.14
2015-06-30 6,070.23 7.05 16.88
2015-03-31 6,029.88 6.03 15.94
2014-12-31 5,986.98 6.45 16.18
2014-09-30 5,936.80 7.03 15.92
2014-06-30 5,979.35 8.26 15.37
2014-03-31 6,663.97 12.44 16.05
2013-12-31 6,915.84 12.96 16.47
2013-09-30 7,123.93 13.20 14.91
2013-06-30 7,247.72 12.51 14.52

*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.
  • A-Mark Precious Metals has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • It is difficult to establish if A-Mark Precious Metals has efficiently used its assets last year compared to the DE Diversified Financial industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if A-Mark Precious Metals improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess A-Mark Precious Metals'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 Diversified Financial 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.
A-Mark Precious Metals has a total score of 0/6, 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.

Health

 How is A-Mark Precious Metals'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 A-Mark Precious Metals's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • A-Mark Precious Metals is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • A-Mark Precious Metals's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of A-Mark Precious Metals'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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.2x debt.
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 A-Mark Precious Metals Company Filings, last reported 1 month ago.

BST:AND Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 73.04 651.89 12.46
2019-06-30 72.57 554.51 8.32
2019-03-31 73.05 512.09 4.75
2018-12-31 71.80 535.30 11.83
2018-09-30 70.81 553.64 22.71
2018-06-30 69.11 601.51 6.29
2018-03-31 72.07 557.66 4.94
2017-12-31 73.02 360.56 12.01
2017-09-30 73.34 365.69 8.36
2017-06-30 73.02 321.47 13.06
2017-03-31 72.19 376.39 6.44
2016-12-31 71.05 310.44 13.27
2016-09-30 68.57 325.49 16.75
2016-06-30 63.31 275.71 17.14
2016-03-31 62.95 288.74 12.97
2015-12-31 62.07 217.24 3.38
2015-09-30 61.03 230.94 5.04
2015-06-30 55.96 195.93 20.93
2015-03-31 53.77 187.41 16.20
2014-12-31 52.38 237.34 5.11
2014-09-30 50.66 160.61 4.66
2014-06-30 49.46 168.52 13.19
2014-03-31 47.88 178.10 7.87
2013-12-31 52.94 142.73 15.02
2013-09-30 50.66 158.46 16.62
2013-06-30 53.25 153.67 21.57
  • A-Mark Precious Metals's level of debt (892.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (318.6% vs 892.6% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Unable to confirm if the interest payments on A-Mark Precious Metals's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess A-Mark Precious Metals'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. A-Mark Precious Metals has a total score of 2/6, 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.

Dividends

 What is A-Mark Precious Metals'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
0%
Current annual income from A-Mark Precious Metals dividends.
If you bought €2,000 of A-Mark Precious Metals shares you are expected to receive €0 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?
  • Unable to evaluate A-Mark Precious Metals's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate A-Mark Precious Metals's dividend against the top 25% market benchmark as the company has not reported any payouts.
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
BST:AND 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
Europe Diversified Financial Industry Average Dividend Yield Market Cap Weighted Average of 32 Stocks 3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 335 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.3%
Germany 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.

BST:AND Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
BST:AND Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-11-12 0.000 0.000
2019-11-07 0.000 0.000
2019-09-16 0.000 0.000
2019-09-12 0.000 0.000
2019-05-10 0.000 0.000
2019-05-09 0.000 0.000
2019-02-12 0.000 0.000
2019-02-11 0.000 0.000
2018-11-13 0.000 0.000
2018-11-08 0.000 0.000
2018-09-19 0.000 0.000
2018-09-18 0.000 0.000
2018-05-11 0.000 0.000
2018-05-08 0.000 0.000
2018-02-02 0.320 2.656
2017-11-14 0.320 2.255
2017-09-07 0.320 1.956
2017-05-04 0.320 1.987
2017-01-27 0.320 1.743
2016-11-04 0.280 1.566
2016-09-09 0.280 1.772
2016-05-03 0.280 1.680
2016-02-04 0.280 1.395
2015-11-03 0.200 1.215
2015-09-15 0.200 1.579
2015-05-05 0.200 1.883
2015-03-02 0.200 1.934

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

  • Unable to perform a dividend volatility check as A-Mark Precious Metals has not reported any payouts.
  • Unable to verify if A-Mark Precious Metals's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of A-Mark Precious Metals's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as A-Mark Precious Metals has not reported any payouts.
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 A-Mark Precious Metals's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - 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 A-Mark Precious Metals afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. A-Mark Precious Metals has a total score of 0/6, see the detailed checks below.


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

Management

 What is the CEO of A-Mark Precious Metals'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
Greg Roberts
COMPENSATION $975,615
AGE 57
TENURE AS CEO 14.3 years
CEO Bio

Mr. Gregory N. Roberts, also known as Greg, has been the Chief Executive Officer of A-Mark Precious Metals, Inc. since July 2005. Mr. Roberts has been the Chief Executive Officer and President of Spectrum Group International Inc. since March 6, 2008. He served as the Chief Executive Officer at Spectrum Wine Auctions, LLC. He served as President of Coin & Trading Division at Spectrum Group International Inc. He served as President of Spectrum Numismatics International Inc., from 1990 to March 2008, following 9 years with Hannes Tulving in Newport Beach CA. He served as President of A-Mark Precious Metals at Spectrum Group International Inc. until March 2008. Mr. Roberts has spent the last 24 years honing his skills to such an extent that he was able to successfully purchase such rare coins as the King of Siam proof set, the 1861 Pacquet Liberty Gold Coins-$1MM and the Eliasberg-Stickney 1804 Silver Dollar-$1.8MM. In 1998, he negotiated the purchase of what was at the time the largest transaction in the history of numismatics. He has been a Director of Spectrum Group International Inc., since February 2000; A-Mark Precious Metals, Inc. since July 2005 and Greg Manning Auctions Inc. since February 2000. Mr. Roberts is also a lifetime member of the Professional Numismatics Guild.

CEO Compensation
  • Greg's compensation has increased in line with A-Mark Precious Metals recently becoming profitable.
  • Greg's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the A-Mark Precious Metals management team in years:

3.2
Average Tenure
57
Average Age
  • The tenure for the A-Mark Precious Metals management team is about average.
Management Team

Greg Roberts

TITLE
CEO & Director
COMPENSATION
$976K
AGE
57
TENURE
14.3 yrs

Thor Gjerdrum

TITLE
President
COMPENSATION
$717K
AGE
52
TENURE
3.2 yrs

Kathleen Simpson-Taylor

TITLE
Chief Financial Officer
AGE
56
TENURE
0.2 yrs

Brian Aquilino

TITLE
Vice President of Operations

Armik Zakian

TITLE
Chief Information Officer
TENURE
0.8 yrs

Carol Meltzer

TITLE
Executive VP
COMPENSATION
$311K
AGE
61
TENURE
5.7 yrs

David Madge

TITLE
Chief Marketing Officer
COMPENSATION
$654K
AGE
59
TENURE
3.2 yrs

Rand LeShay

TITLE
Senior Vice President

Steve Reiner

TITLE
Executive Vice President of Finance Products & Ancillary Services - CFC
TENURE
1.6 yrs

Jamie Meadows

TITLE
President of AMST & Executive VP
Board of Directors Tenure

Average tenure and age of the A-Mark Precious Metals board of directors in years:

5.7
Average Tenure
62
Average Age
  • The tenure for the A-Mark Precious Metals board of directors is about average.
Board of Directors

Jeff Benjamin

TITLE
Chairman
COMPENSATION
$60K
AGE
58
TENURE
5.7 yrs

Greg Roberts

TITLE
CEO & Director
COMPENSATION
$976K
AGE
57
TENURE
14.3 yrs

Ellis Landau

TITLE
Independent Director
COMPENSATION
$75K
AGE
75
TENURE
5.7 yrs

Jay Moorhead

TITLE
Independent Director
COMPENSATION
$75K
AGE
67
TENURE
5.7 yrs

Jess Ravich

TITLE
Independent Director
COMPENSATION
$70K
AGE
62
TENURE
5.7 yrs

William Montgomery

TITLE
Independent Director
COMPENSATION
$65K
AGE
59
TENURE
5.7 yrs

Beverley Lepine

TITLE
Independent Director
COMPENSATION
$65K
AGE
67
TENURE
4.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess A-Mark Precious Metals'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. A-Mark Precious Metals 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.

News

Simply Wall St News

Company Info

Description

A-Mark Precious Metals, Inc., together with its subsidiaries, operates as a precious metals trading company worldwide. It operates through Wholesale Trading & Ancillary Services, Secured Lending, and Direct Sales segments. The company provides gold, silver, platinum, and palladium in the form of bars, plates, powder, wafers, grains, ingots, and coins, as well as distributes gold and silver coins and bars from sovereign and private mints. It also offers financing and other services relating to the purchase and sale of bullion and numismatics; provides storage solutions for precious metals and numismatic coins for financial institutions, dealers, investors, and collectors; and offers a range of logistics services, including storage, shipping, handling, receiving, processing, packing, and inventorying of precious metals and custom coins. In addition, the company provides custom fabricated gold and silver bullion and other specialty products, as well as various services comprising consignment and customized finance programs. It serves mints, manufacturers and fabricators, refiners, coin and bullion dealers, e-commerce retailers, banks and other financial institutions, commodity brokerage houses, retail customers, industrial users of precious metals, investors, and collectors. The company was founded in 1965 and is headquartered in El Segundo, California.

Details
Name: A-Mark Precious Metals, Inc.
AND
Exchange: BST
Founded: 1965
$64,272,772
7,031,450
Website: http://www.amark.com
Address: A-Mark Precious Metals, Inc.
2121 Rosecrans Avenue,
Suite 6300,
El Segundo,
California, 90245,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS AMRK New Common Stock Nasdaq Global Select US USD 17. Mar 2014
BST AND New Common Stock Boerse-Stuttgart DE EUR 17. Mar 2014
Number of employees
Current staff
Staff numbers
183
A-Mark Precious Metals employees.
Industry
Specialized Finance
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/19 21:57
End of day share price update: 2019/11/19 00:00
Last estimates confirmation: 2018/09/18
Last earnings filing: 2019/11/12
Last earnings reported: 2019/09/30
Last annual earnings reported: 2019/06/30


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.