Atlantic American Corporation
Find Ratings ReportsATLANTIC AMERICAN CORP's gross profit margin for the third quarter of its fiscal year 2023 has significantly increased when compared to the same period a year ago. Even though sales decreased, the net income has increased.
During the same period, stockholders' equity ("net worth") has remained unchanged from the same quarter last year.
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Income Statement | Q3 FY23 | Q3 FY22 |
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Net Sales ($mil) | 44.59 | 46.34 |
EBITDA ($mil) | 3.15 | -0.21 |
EBIT ($mil) | 2.99 | -0.43 |
Net Income ($mil) | 1.76 | -0.68 |
Balance Sheet | Q3 FY23 | Q3 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 24.29 | 28.75 |
Total Assets ($mil) | 361.62 | 360.35 |
Total Debt ($mil) | 39.77 | 38.56 |
Equity ($mil) | 98.75 | 97.91 |
Profitability | Q3 FY23 | Q3 FY22 |
---|---|---|
Gross Profit Margin | 7.07 | -0.45 |
EBITDA Margin | 7.06 | -0.44 |
Operating Margin | 6.7 | -0.92 |
Sales Turnover | 0.51 | 0.53 |
Return on Assets | 0.85 | 0.87 |
Return on Equity | 2.74 | 2.8 |
Debt | Q3 FY23 | Q3 FY22 |
---|---|---|
Current Ratio | 0.0 | 0.0 |
Debt/Capital | 0.29 | 0.28 |
Interest Expense | 0.85 | 0.52 |
Interest Coverage | 3.52 | -0.81 |
Share Data | Q3 FY23 | Q3 FY22 |
---|---|---|
Shares outstanding (mil) | 20.4 | 20.37 |
Div / share | 0.02 | 0.0 |
EPS | 0.08 | -0.04 |
Book value / share | 4.84 | 4.81 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 7793.0 | 4668.0 |
HOLD. This stock's P/E ratio indicates a discount compared to an average of 21.84 for the Insurance Carriers and Related Activities subsector and a discount compared to the S&P 500 average of 27.95. For additional comparison, its price-to-book ratio of 0.58 indicates a significant discount versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 3.52. The price-to-sales ratio is well below both the S&P 500 average and the subsector average, indicating a discount. Upon assessment of these and other key valuation criteria, ATLANTIC AMERICAN CORP proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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AAME 21.46 | Peers 21.84 | AAME 11.04 | Peers 13.60 | |||||||||||||||||||||
Average. An average P/E ratio can signify an subsector neutral price for a stock and an average growth expectation. AAME is trading at a valuation on par with its peers. |
Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. AAME is trading at a discount to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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AAME NA | Peers 14.42 | AAME NA | Peers 0.87 | |||||||||||||||||||||
Neutral. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth potential. Ratio not available. |
Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. Ratio not available. |
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Price/Book |
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Earnings Growth |
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AAME 0.58 | Peers 3.52 | AAME 8.33 | Peers 95.58 | |||||||||||||||||||||
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. AAME is trading at a significant discount to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, AAME is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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AAME 0.31 | Peers 1.96 | AAME -3.68 | Peers 37.25 | |||||||||||||||||||||
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. AAME is trading at a significant discount to its subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. AAME significantly trails its peers on the basis of sales growth. |
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