AssetMark

0.04 (0.17%)

NYSE:AMK | Last traded on 11-15-2019 4:02 PM

Market Reaction

Offer Price

$22

Today Open Price

$24.36

Change Since IPO

Market Cap

$1.7B

Day High

$24.74

Day Low

$23.86

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Featured Analysis

I like them. They make money, are in a good market, use technology, and are priced reasonably.

Company Data

Location

Concord, CA

Valuation

$275M

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Founded

1994

Total Shares Offered

12,500,000

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Employees

620

IPO Date

2019-07-17

Background Information

AssetMark is a leading provider of extensive wealth management and technology solutions that power independent financial advisers and their clients. Their platform enables advisers to outsource high-cost and specialty services that would otherwise require significant investments of time and money—benefiting independent financial advisers of all sizes.

Financial Analysis

Years 2017 2018
Revenue growth -- 23%
Net profit margin 33%10%
Valuation -- $1.6B
Revenue multiple -- 4.3x
Profit multiple --43x

Financial Information

Income Statement ($M) 2017 2018
Revenue296364
Cost of goods sold98117
Gross profit198147
Total operating expense276309
Pretax profit9937
Net income9937
Balance Sheet ($M) 2017 2018
Total current assets69127
Cash and cash equivalents50105
Total assets1,0981,147
Total current liabilities4849
Total liabilities212448
Total shareholder equity886699
Total liabilities and equity1,0971,147
Cash Flow Statement ($M) 20172018
Net cash from operating activities 4662
Net cash from investing activities (16)(18)
Net cash from financing activities 011
Net increase in cash and cash equivalents 3055