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AssetMark Financial Holdings (AssetMark Financial Holdings) Intrinsic Value: Projected FCF : $26.77 (As of May. 27, 2024)


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What is AssetMark Financial Holdings Intrinsic Value: Projected FCF?

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2024-05-27), AssetMark Financial Holdings's Intrinsic Value: Projected FCF is $26.77. The stock price of AssetMark Financial Holdings is $34.10. Therefore, AssetMark Financial Holdings's Price-to-Intrinsic-Value-Projected-FCF of today is 1.3.

The historical rank and industry rank for AssetMark Financial Holdings's Intrinsic Value: Projected FCF or its related term are showing as below:

AMK' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 1.27   Med: 1.32   Max: 1.32
Current: 1.27

During the past 7 years, the highest Price-to-Intrinsic-Value-Projected-FCF of AssetMark Financial Holdings was 1.32. The lowest was 1.27. And the median was 1.32.

AMK's Price-to-Projected-FCF is ranked worse than
71.18% of 937 companies
in the Asset Management industry
Industry Median: 0.94 vs AMK: 1.27

AssetMark Financial Holdings Intrinsic Value: Projected FCF Historical Data

The historical data trend for AssetMark Financial Holdings's Intrinsic Value: Projected FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

AssetMark Financial Holdings Intrinsic Value: Projected FCF Chart

AssetMark Financial Holdings Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial - - - - 22.88

AssetMark Financial Holdings Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Intrinsic Value: Projected FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - 22.88 26.77

Competitive Comparison of AssetMark Financial Holdings's Intrinsic Value: Projected FCF

For the Asset Management subindustry, AssetMark Financial Holdings's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


AssetMark Financial Holdings's Price-to-Projected-FCF Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, AssetMark Financial Holdings's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where AssetMark Financial Holdings's Price-to-Projected-FCF falls into.



AssetMark Financial Holdings Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get AssetMark Financial Holdings's Free Cash Flow(6 year avg) = $77.78.

AssetMark Financial Holdings's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Mar24)*0.8)/Shares Outstanding (Diluted Average)
=(12.437096484727*77.78304+1309.514*0.8)/75.270
=26.77

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


AssetMark Financial Holdings  (NYSE:AMK) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

AssetMark Financial Holdings's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=34.10/26.77037828292
=1.27

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


AssetMark Financial Holdings Intrinsic Value: Projected FCF Related Terms

Thank you for viewing the detailed overview of AssetMark Financial Holdings's Intrinsic Value: Projected FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


AssetMark Financial Holdings (AssetMark Financial Holdings) Business Description

Traded in Other Exchanges
Address
1655 Grant Street, 10th Floor, Concord, CA, USA, 94520
AssetMark Financial Holdings Inc is a provider of extensive wealth management and technology solutions that power independent financial advisers and their clients. It provides an end-to-end experience, spanning nearly all elements of an adviser's engagement with the client, from initial conversations to ongoing financial planning discussions, including performance reporting and billing. In addition, the company's platform provides tools and capabilities for advisers to better manage their day-to-day business activities, giving them more time for meaningful conversations with investors.
Executives
Carrie E. Hansen officer: EVP, Chief Operating Officer C/O ASSETMARK FINANCIAL HOLDINGS, INC., 1655 GRANT STREET, 10TH FLOOR, CONCORD CA 94520
Ted F. Angus officer: EVP, General Counsel C/O ASSETMARK FINANCIAL HOLDINGS, INC., 1655 GRANT STREET, 10TH FLOOR, CONCORD CA 94520
Mcnatt Joel David Jr officer: EVP, Investment Solutions C/O ASSETMARK FINANCIAL HOLDINGS INC., 1655 GRANT ST 10TH FLOOR, CONCORD CA 94520
Mukesh Mehta officer: EVP, Chief Information Officer C/O ASSETMARK FINANCIAL HOLDINGS, INC., 1655 GRANT STREET, 10TH FLOOR, CONCORD CA 94520
Michael Kim officer: EVP, Chief Client Officer C/O ASSETMARK FINANCIAL HOLDINGS, INC., 1655 GRANT STREET, 10TH FLOOR, CONCORD CA 94520
Natalie Grace Wolfsen officer: EVP, Chief Solutions Officer C/O ASSETMARK FINANCIAL HOLDINGS, INC., 1655 GRANT STREET, 10TH FLOOR, CONCORD CA 94520
Gary G. Zyla officer: EVP, Chief Financial Officer C/O ASSETMARK FINANCIAL HOLDINGS, INC., 1655 GRANT STREET, 10TH FLOOR, CONCORD CA 94520
Esi Minta-jacobs officer: EVP, Prgm Mgmt & HR C/O ASSETMARK FINANCIAL HOLDINGS, INC., 1655 GRANT STREET, 10TH FLOOR, CONCORD CA 94520
Jeremiah H Chafkin officer: EVP, Chief Investment Officer C/O THE CHARLES SCHWAB CORPORATION, 120 KEARNY STREET, SAN FRANCISCO CA 94108
John Hahn officer: SVP, Finance & Reporting (PAO) C/O ASSETMARK FINANCIAL HOLDINGS, INC., 1655 GRANT STREET 10TH FLOOR, CONCORD CA 94520
Joseph M Velli director
Charles G Goldman director, officer: President and CEO C/O THE CHARLES SCHWAB CORPORATION, 120 KEARNY STREET, SAN FRANCISCO CA 94108
Lei Wang director 1655 GRANT STREET, 10TH FLOOR, CONCORD CA 94520
Xiaoning Jiao director 1655 GRANT STREET, 10TH FLOOR, CONCORD CA 94520
Huatai Securities Co., Ltd. 10 percent owner NO.228 MIDDLE JIANGDONG ROAD, NANJING, JIANGSU PROVINCE F4 210019

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