Assetmark Financial Stock Intrinsic Value – ASSETMARK FINANCIAL Reports Second Quarter FY2023 Earnings Results
August 19, 2023
🌥️Earnings Overview
On August 2, 2023, ASSETMARK FINANCIAL ($NYSE:AMK) announced their second quarter FY2023 earnings results (ending June 30, 2023), with total revenue of USD 183.2 million and a net income of USD 32.9 million. This marks a 21.2% and 29.8% year-over-year increase for revenue and net income, respectively.
Price History
When the market opened, the stock was trading at $28.8 per share and ended the day closing at $28.6, representing a decrease of 1.4% compared to the prior closing price of $29.0. The company attributed this growth to improved operational efficiency and cost control measures implemented over the past year. With their continued focus on improving operational efficiency and cost-control measures, ASSETMARK FINANCIAL is well-positioned for future success. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Assetmark Financial. More…
| Total Revenues | Net Income | Net Margin |
| 678.59 | 105.8 | 15.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Assetmark Financial. More…
| Operations | Investing | Financing |
| 190.51 | -105.11 | -28.12 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Assetmark Financial. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.56k | 379.4 | 16.02 |
Key Ratios Snapshot
Some of the financial key ratios for Assetmark Financial are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 16.0% | 156.5% | 22.2% |
| FCF Margin | ROE | ROA |
| 21.9% | 8.1% | 6.0% |
Analysis – Assetmark Financial Stock Intrinsic Value
At GoodWhale, we have conducted an analysis of ASSETMARK FINANCIAL‘s wellbeing. After taking into account all relevant factors, our proprietary Valuation Line has determined that the fair value of ASSETMARK FINANCIAL share is around $30.2. Currently, ASSETMARK FINANCIAL stock is traded at $28.6, a fair price that is undervalued by 5.3%. This presents investors with an opportunity to buy the stock at a discounted price, while still maintaining a healthy return on their investment. More…
Peers
The company offers a wide range of services including investment management, financial planning, and retirement planning. AssetMark Financial Holdings Inc. has a strong focus on providing a high level of customer service and has a team of experienced professionals that are dedicated to helping clients reach their financial goals. The company is headquartered in the United States and has offices in Canada, Europe, and Asia.
– Insignia Financial Ltd ($ASX:IFL)
Insignia Financial Ltd. is a holding company, which engages in the provision of financial services. It operates through the following segments: Banking, Insurance, and Investment. The Banking segment offers current accounts, savings accounts, and loans. The Insurance segment provides life insurance products. The Investment segment includes investment banking, securities brokerage, and asset management services. The company was founded on December 20, 2002 and is headquartered in Toronto, Canada.
– WT Financial Group Ltd ($ASX:WTL)
Founded in 1856, Macquarie Group is a global provider of banking, financial, advisory, investment, and funds management services with operations in more than 60 countries. The company has a market capitalization of $27.81 billion and a return on equity of 9.92%. Macquarie’s businesses are organized into four main operating groups: Banking and Financial Services, Corporate and Asset Finance, Markets, and Macquarie Capital. Banking and Financial Services offers a range of banking and financial services, including retail banking, commercial banking, and asset and wealth management. Corporate and Asset Finance provides financing and leasing solutions to corporate and government clients. Markets provides sales and trading, research, and market risk management services. Macquarie Capital is the company’s investment banking arm.
– Huntwicke Capital Group Inc ($OTCPK:HCGI)
With a market cap of 23.16M as of 2022, a Return on Equity of -4.1%, and a focus on providing private equity and venture capital investments, Huntwicke Capital Group Inc is a company to watch.
Summary
ASSETMARK FINANCIAL reported strong second quarter results for FY2023, with total revenue increasing 21.2% year-over-year and net income increasing 29.8% year-over-year. This marks a significant improvement from the same period last year and is an encouraging sign of the company’s financial health going forward. For investors, these results suggest that ASSETMARK FINANCIAL is well-positioned to continue delivering strong returns on investment in the future. As such, the company remains an attractive option for investors looking to maximize their returns.
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