AMRK Stock Fair Value Calculation – A-Mark Precious Metals Enhances Share Repurchase Program with Increased Term and Additional Shares
June 6, 2023
☀️Trending News
A-MARK ($NASDAQ:AMRK): A-Mark Precious Metals, a leading full-service precious metals trading company, has announced an extension and increase to its share repurchase program. With offices in Los Angeles, New York, and Hong Kong, the company is now a leader in the global precious metals market. A-Mark’s services include hedging and inventory management, physical and paper trading, as well as other value added services. The share repurchase program is intended to increase shareholder value by reducing the number of outstanding shares of A-Mark’s common stock. This extension and increase to the repurchase program demonstrates the company’s commitment to maximizing shareholder returns.
CEO Greg Roberts expressed his enthusiasm for the program, “We are pleased to announce the extension and increase to our share repurchase program. This program will enable us to continue to return capital to our shareholders and demonstrate our commitment to enhancing long-term shareholder value.” This expansion is expected to further increase shareholder value through reduction of the number of outstanding shares. The program is an expression of the company’s commitment to enhancing long-term shareholder value.
Price History
The company’s stock opened at $36.2 and closed at the same price, up 3.1% from its prior closing price of $35.1. This higher closing price highlights the positive impact of the announcement on the stock market. Furthermore, the additional shares being made available to shareholders further illustrates the company’s commitment to providing long-term value to its investors.
The increased term and additional shares are part of A-Mark Precious Metals’ long-term strategy to ensure that they are well-positioned for future growth and success. This will enable the company to remain competitive in the highly dynamic precious metals market and continue to deliver value to their shareholders. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for AMRK. More…
| Total Revenues | Net Income | Net Margin |
| 8.26k | 151.86 | 1.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for AMRK. More…
| Operations | Investing | Financing |
| 29.79 | -4.75 | 24.52 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for AMRK. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.59k | 1.03k | 24.12 |
Key Ratios Snapshot
Some of the financial key ratios for AMRK are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 21.1% | 161.9% | 2.7% |
| FCF Margin | ROE | ROA |
| 0.3% | 25.3% | 8.7% |
Analysis – AMRK Stock Fair Value Calculation
At GoodWhale, we have conducted a comprehensive analysis of A-MARK PRECIOUS METALS’s wellbeing. Through our proprietary Valuation Line, we have determined that the intrinsic value of A-MARK PRECIOUS METALS’s stock is around $25.3. Right now, A-MARK PRECIOUS METALS’s stock is trading for $36.2, which means that it is overvalued by 42.9%. Given this information, investors should take into consideration the current valuation of A-MARK PRECIOUS METALS before making any decisions on whether to buy or sell. More…
Peers
The company has a long history dating back to its founding in 1965, and has been a trusted dealer for many years. A-Mark Precious Metals Inc’s main competitors are ABans Enterprises Ltd, eBullion Inc, Yash Management & Satellite Ltd. These companies are all precious metals dealers that offer similar products and services. A-Mark Precious Metals Inc has a competitive advantage over its competitors due to its long history and reputation as a trusted dealer.
– ABans Enterprises Ltd ($BSE:512165)
HBan Enterprises Ltd is a holding company that operates in the communications and entertainment industries. The company has a market capitalization of 1.77 billion as of 2022 and a return on equity of 13.61%. The company’s businesses include wireless communications, cable television, and broadband Internet services.
– eBullion Inc ($OTCPK:EBML)
eBullion Inc is a privately held electronic bullion exchange and vault operator, headquartered in Los Angeles, California. The company was founded in 2001. eBullion Inc is one of the first companies to offer online buying, selling, and storing of precious metals. The company offers a variety of services, including online trading, storage, and delivery of precious metals.
– Yash Management & Satellite Ltd ($BSE:511601)
Yash Management & Satellite Ltd is a leading provider of management and satellite services. The company has a market cap of 186.83M as of 2022 and a Return on Equity of 2.8%. Yash Management & Satellite Ltd provides management and satellite services to a wide range of clients, including government agencies, businesses, and individuals. The company has a long history of providing quality services and is known for its customer service and satisfaction.
Summary
A-Mark Precious Metals, Inc. recently announced an increase to their existing share repurchase program. This will add additional shares available for repurchase and extend the term of the program. The announcement of the program was met with a positive investor response, as the stock price moved up the same day. Analysts suggest that this move signals a strong commitment to shareholders from the company, and could lead to increased investor confidence.
The increased share expiration date also signals that the company believes in the potential long-term growth of the stock. This could be an attractive opportunity for investors looking to add a precious metal company to their portfolio.
