Loading...

You're on the old version of Simply Wall St. We will no longer be supporting this site, so we recommend you switch to our brand new platform.

A-Mark Precious Metals

Nasdaq:AMRK
Snowflake Description

Imperfect balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AMRK
Nasdaq
$86M
Market Cap
  1. Home
  2. US
  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 51 days ago. More info.


Add to Portfolio Compare Print
  • A-Mark Precious Metals has significant price volatility in the past 3 months.
AMRK Share Price and Events
7 Day Returns
24.5%
NasdaqGS:AMRK
2.9%
US Diversified Financial
5.3%
US Market
1 Year Returns
11.3%
NasdaqGS:AMRK
-11.7%
US Diversified Financial
-10.7%
US Market
AMRK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
A-Mark Precious Metals (AMRK) 24.5% 36.6% 50.4% 11.3% -30.4% 20.4%
US Diversified Financial 2.9% -12.1% -20.1% -11.7% 7.5% 23.7%
US Market 5.3% -13.6% -19.8% -10.7% 8% 20.4%
1 Year Return vs Industry and Market
  • AMRK outperformed the Diversified Financial industry which returned -11.7% over the past year.
  • AMRK outperformed the Market in United States of America which returned -10.7% over the past year.
Price Volatility
AMRK
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.

NasdaqGS:AMRK 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
= $9.88 * 2.3%
$0.23
Book Value of Equity per Share Median Book Value from the past 5 years. $9.88
Discount Rate (Cost of Equity) See below 12.6%
Perpetual Growth Rate 10-Year US Government Bond Rate 1.7%

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 NasdaqGS:AMRK
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 1.7%
Equity Risk Premium S&P Global 5.4%
Diversified Financial Unlevered Beta Simply Wall St/ S&P Global 0.71
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.714 (1 + (1- 21%) (637.62%))
3.219
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)
= 1.74% + (2 * 5.44%)
12.62%

Discounted Cash Flow Calculation for NasdaqGS:AMRK 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.

NasdaqGS:AMRK Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (2.3% – 12.62%) * $9.88)
$-1.02
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-1.02 / (12.62% - 1.74%)
$-9.35
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $9.88 + $-9.35
$0.53
NasdaqGS:AMRK Discount to Share Price
Calculation Result
Value per share (USD) From above. $0.53
Current discount Discount to share price of $12.33
= -1 x ($12.33 - $0.53) / $0.53
-2239.8%

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
NasdaqGS:AMRK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $0.22
NasdaqGS:AMRK Share Price ** NasdaqGS (2020-03-31) in USD $12.33
United States of America Diversified Financial Industry PE Ratio Median Figure of 16 Publicly-Listed Diversified Financial Companies 5.09x
United States of America Market PE Ratio Median Figure of 2,939 Publicly-Listed Companies 13.13x

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

** Primary Listing of A-Mark Precious Metals.

NasdaqGS:AMRK PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 12.33 ÷ 0.22

56.68x

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 US Diversified Financial industry average.
  • A-Mark Precious Metals is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does A-Mark Precious Metals's expected growth come at a high price?
Raw Data
NasdaqGS:AMRK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 56.68x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Diversified Financial Industry PEG Ratio Median Figure of 7 Publicly-Listed Diversified Financial Companies -0.08x
United States of America Market PEG Ratio Median Figure of 2,006 Publicly-Listed Companies 0.99x

*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
NasdaqGS:AMRK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $10.16
NasdaqGS:AMRK Share Price * NasdaqGS (2020-03-31) in USD $12.33
United States of America Diversified Financial Industry PB Ratio Median Figure of 22 Publicly-Listed Diversified Financial Companies 0.57x
United States of America Market PB Ratio Median Figure of 5,138 Publicly-Listed Companies 1.28x
NasdaqGS:AMRK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 12.33 ÷ 10.16

1.21x

* 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 overvalued based on assets compared to the US 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 0/6, 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
-63%
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 United States of America market average as no estimate data is available.
  • Unable to compare A-Mark Precious Metals's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:AMRK Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Diversified Financial Industry Earnings Growth Rate Market Cap Weighted Average -63%
United States of America Diversified Financial Industry Revenue Growth Rate Market Cap Weighted Average 3.9%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 12.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.2%

*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
NasdaqGS:AMRK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months 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.
NasdaqGS:AMRK Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
NasdaqGS:AMRK Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 4,654 19 2
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

*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
NasdaqGS:AMRK Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months 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 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:AMRK Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
NasdaqGS:AMRK Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 0.22
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

*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 AMRK’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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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 US 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 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:AMRK Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 4,653.76 1.53 33.02
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 32.90
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 US 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 3 months ago.

NasdaqGS:AMRK Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 74.53 544.84 11.56
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 (731%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (451.9% vs 731% today).
  • Debt is not well covered by operating cash flow (3.4%, less than 20% of total debt).
  • 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
NasdaqGS:AMRK 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
United States of America Diversified Financial Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 3.2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1946 Stocks 2.9%
United States of America Minimum Threshold Dividend Yield 10th Percentile 1.1%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.9%
United States of America Top 25% Dividend Yield 75th Percentile 5.4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:AMRK Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
NasdaqGS:AMRK Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-02-10 0.000 0.000
2020-02-06 0.000 0.000
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 1.1%) - 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 14.8 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 United States of America.
Management Team Tenure

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

3.6
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
14.8 yrs

Thor Gjerdrum

TITLE
President
COMPENSATION
$717K
AGE
52
TENURE
3.6 yrs

Kathleen Simpson-Taylor

TITLE
Chief Financial Officer
AGE
56
TENURE
0.6 yrs

Brian Aquilino

TITLE
Chief Operating Officer

Armik Zakian

TITLE
Chief Information Officer
TENURE
1.3 yrs

Carol Meltzer

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

David Madge

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

Rand LeShay

TITLE
Senior Vice President

Steve Reiner

TITLE
President of CFC
TENURE
2 yrs

Jamie Meadows

TITLE
President of AMST
Board of Directors Tenure

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

6.1
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
6.1 yrs

Greg Roberts

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

Ellis Landau

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

Jay Moorhead

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

Jess Ravich

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

William Montgomery

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

Beverley Lepine

TITLE
Independent Director
COMPENSATION
$65K
AGE
67
TENURE
5.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) 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

Did You Miss A-Mark Precious Metals's (NASDAQ:AMRK) 19% Share Price Gain?

Furthermore, you'd generally like to see the share price rise faster than the market Unfortunately for shareholders, while the A-Mark Precious Metals, Inc. … During five years of share price growth, A-Mark Precious Metals actually saw its EPS drop 75% per year. … Over the last 5 years, A-Mark Precious Metals generated a TSR of 27%, which is, of course, better than the share price return.

Simply Wall St -

Is A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Excessively Paying Its CEO?

View our latest analysis for A-Mark Precious Metals How Does Greg Roberts's Compensation Compare With Similar Sized Companies? … The graphic below shows how CEO compensation at A-Mark Precious Metals has changed from year to year. … With a three year total loss of 27%, A-Mark Precious Metals, Inc.

Simply Wall St -

Need To Know: A-Mark Precious Metals, Inc. (NASDAQ:AMRK) Insiders Have Been Buying Shares

So shareholders might well want to know whether insiders have been buying or selling shares in A-Mark Precious Metals, Inc. … As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.' View our latest analysis for A-Mark Precious Metals A-Mark Precious Metals Insider Transactions Over The Last Year In the last twelve months, the biggest single purchase by an insider was when William Richardson bought US$250k worth of shares at a price of US$12.50 per share. … Insider Ownership of A-Mark Precious Metals Many investors like to check how much of a company is owned by insiders.

Simply Wall St -

What Kind Of Investor Owns Most Of A-Mark Precious Metals, Inc. (NASDAQ:AMRK)?

As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.' A-Mark Precious Metals is a smaller company with a market capitalization of US$87m, so it may still be flying under the radar of many institutional investors. … View our latest analysis for A-Mark Precious Metals NasdaqGS:AMRK Ownership Summary, May 29th 2019 What Does The Institutional Ownership Tell Us About A-Mark Precious Metals? … Insider Ownership Of A-Mark Precious Metals The definition of an insider can differ slightly between different countries, but members of the board of directors always count.

Simply Wall St -

Some A-Mark Precious Metals (NASDAQ:AMRK) Shareholders Are Down 46%

(NASDAQ:AMRK) shareholders have had that experience, with the share price dropping 46% in three years, versus a market return of about 50%. … In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. … Over the three years that the share price declined, A-Mark Precious Metals's earnings per share (EPS) dropped significantly, falling to a loss.

Simply Wall St -

Should You Worry About A-Mark Precious Metals, Inc.'s (NASDAQ:AMRK) CEO Pay Cheque?

How Does Greg Roberts's Compensation Compare With Similar Sized Companies. … has a market capitalization of US$88m, and pays its CEO total annual compensation worth US$569k. … We think total compensation is more important but we note that the CEO salary is lower, at US$540k

Simply Wall St -

What Kind Of Investor Owns Most Of A-Mark Precious Metals, Inc. (NASDAQ:AMRK)?

A look at the shareholders of A-Mark Precious Metals, Inc. … Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … A-Mark Precious Metals is a smaller company with a market capitalization of US$86m, so it may still be flying under the radar of many institutional investors.

Simply Wall St -

Is A-Mark Precious Metals Inc's (NASDAQ:AMRK) CEO Pay Justified?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Greg Roberts's Compensation Compare With Similar Sized Companies. … Our data indicates that A-Mark Precious Metals Inc is worth US$87m, and total annual CEO compensation is US$1.0m.

Simply Wall St -

At US$013.88, Is It Time To Buy A-Mark Precious Metals Inc (NASDAQ:AMRK)?

A-Mark Precious Metals Inc (NASDAQ:AMRK), a diversified financial company based in United States,. … Let’s take a look at A-Mark Precious Metals’s outlook and value based on the most recent financial data to see if the opportunity still exists? … See our latest analysis for A-Mark Precious Metals?

Simply Wall St -

Should You Buy A-Mark Precious Metals Inc (NASDAQ:AMRK) At $13.55?

A-Mark Precious Metals Inc (NASDAQ:AMRK), a diversified financial company based in United States, received a lot of attention from a substantial price increase on the NasdaqGS over the last few months. … In addition to this, it seems like A-Mark Precious Metals’s share price is quite stable, which could mean two things: firstly, it may take the share price a while to fall back down to an attractive buying range, and secondly, there may be less chances to buy low in the future once it reaches that value. … What does the future of A-Mark Precious Metals look like?

Simply Wall St -

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.
AMRK
Exchange: NasdaqGS
Founded: 1965
$86,346,206
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: 2020/04/01 03:28
End of day share price update: 2020/03/31 00:00
Last estimates confirmation: 2018/09/18
Last earnings filing: 2020/02/10
Last earnings reported: 2019/12/31
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.