Associated Capital Group (AC) AI Stock Analysis

• Market Cap: $793.74M
• Dividend Yield: 0.54%
• Average Volume (3M): 3.48K
• Price to Earnings (P/E): 20.8
• Beta (1Y): 0.54
• Revenue Growth: 0.41%
• EPS Growth: 20.80%
• Country: US
• Employees: 24
• Sector: Financial
• Sector Strength: 80
• Industry: Financial - Capital Markets
• EPS (TTM): 0.36
• Shares Outstanding: 2,187,106
• 10 Day Avg. Volume: 3,274
• 30 Day Avg. Volume: 3,485
• PEG Ratio: 0.11
• Price to Book (P/B): 1.04
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -12.23
• Enterprise Value/Market Cap: 0.66
• Enterprise Value/Revenue: 3.49
• Enterprise Value/Gross Profit: -121.04
• Enterprise Value/Ebitda: 4.61
• 1Y Price Target: $68.26
• Price Target Upside: 81.78% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0

• Rating: 64 Neutral
• Price Target: ―

Associated Capital Group's overall score reflects a stable financial position with strong balance sheet metrics, offset by challenges in profitability and cash flow management. Technical analysis indicates a neutral to slightly bearish trend, while valuation seems reasonable but with low income potential from dividends. These factors combine to provide a moderately positive outlook, but with caution due to operational uncertainties.

Associated Capital Group Business Overview & Revenue Model

Company Description

Associated Capital Group, Inc. provides investment advisory services in the United States. The company offers alternative investment management and asset management services. It also invests in new and existing businesses. The company was founded in 1976 and is headquartered in Greenwich, Connecticut.

How the Company Makes Money

Associated Capital Group makes money through a combination of management fees, performance-based fees, and advisory fees. The company generates revenue by managing assets for institutional and high-net-worth clients, charging a percentage of assets under management (AUM) as management fees. Additionally, AC earns performance-based fees when the returns on managed funds exceed certain benchmarks or predefined targets. The firm's institutional research services also contribute to its revenue by providing financial market insights and analysis to clients, which are typically compensated through subscription or consulting fees. Key partnerships with institutional investors and a focus on alternative investment strategies further enhance the company's revenue streams.

Associated Capital Group Financial Statement Overview

Summary

Associated Capital Group demonstrates a mixed financial performance. The income statement reveals volatility in revenue and profit margins, though recent improvements are noted. The balance sheet is robust with no debt and strong equity ratios, contributing to stability. Cash flow trends show recovery in free cash flow, but declining operating cash flow suggests some operational challenges. Overall, the company is financially stable but faces profitability and cash flow management issues.

Income Statement

The company exhibits inconsistent revenue performance with a decline from 2022 to 2023 but a slight recovery in 2024. Notably, gross profit margin has improved significantly in 2024, reaching 100%, compared to negative margins in prior years, indicating improved cost management. However, net profit margin shows volatility due to fluctuating net income figures, with a spike in 2024. EBIT and EBITDA margins are negative, reflecting operational challenges.

Balance Sheet

The balance sheet is strong with zero debt reported in 2024, leading to an excellent debt-to-equity ratio. The high equity ratio is a positive indicator of financial stability, and the return on equity in 2024 is impressive, showing efficient use of shareholders' funds. The company maintains substantial cash reserves, contributing to its financial resilience.

Cash Flow

Cash flow from operations decreased significantly from 2023 to 2024, raising concerns. However, the company has maintained positive free cash flow in 2024, a recovery from the negative figures in earlier years. The operating cash flow to net income ratio indicates relatively strong cash generation relative to earnings in 2024.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	12.29M	13.18M	12.68M	15.23M	20.92M	18.98M
Gross Profit	-4.31M	7.30M	-4.56M	-3.65M	-3.53M	-453.00K
EBITDA	38.89M	53.36M	26.45M	-67.43M	-18.70M	-12.42M
Net Income	38.18M	44.33M	37.45M	-45.52M	59.20M	18.82M
Balance Sheet
Total Assets	933.26M	935.29M	943.80M	927.69M	1.20B	1.17B
Cash, Cash Equivalents and Short-Term Investments	293.86M	367.85M	406.64M	404.46M	380.04M	383.96M
Total Debt	0.00	0.00	6.50M	1.85M	4.49M	11.04M
Total Liabilities	28.62M	36.99M	30.72M	27.30M	65.53M	66.33M
Stockholders Equity	898.96M	892.71M	906.98M	890.20M	935.35M	901.39M
Cash Flow
Free Cash Flow	-11.62M	26.87M	145.07M	-75.62M	238.19M	-290.45M
Operating Cash Flow	-11.62M	26.87M	145.07M	-70.55M	238.19M	-279.37M
Investing Cash Flow	76.53M	10.98M	5.75M	402.00K	65.28M	-174.07M
Financing Cash Flow	-54.90M	-58.60M	-25.04M	-37.17M	-14.39M	150.95M

Associated Capital Group Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 37.55
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AC, the sentiment is Positive. The current price of 37.55 is below the 20-day moving average (MA) of 37.56, above the 50-day MA of 36.47, and above the 200-day MA of 35.75, indicating a neutral trend. The MACD of 0.16 indicates Positive momentum. The RSI at 54.26 is Neutral, neither overbought nor oversold. The STOCH value of 25.90 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AC.

Associated Capital Group Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
OPY	69 Neutral	$688.42M	9.59	9.10%	1.11%	12.68%	81.40%
AC	64 Neutral	$793.74M	20.78	4.20%	0.54%	0.41%	20.80%
WHG	62 Neutral	$148.67M	555.75	0.33%	3.76%	0.52%	-96.93%
Sector *	60 Neutral	C$14.43B	5.29	20.17%	6.11%	26.91%	-38.39%
BTBT	60 Neutral	$490.05M	8.82	-23.29%	―	53.68%	-265.12%
CIFR	51 Neutral	$1.29B	―	-18.49%	―	-0.65%	-808.88%
MFH	40 Underperform	$248.38M	―	-21.63%	―	125.92%	53.50%

Associated Capital Group Corporate Events

Associated Capital Group Announces CEO Leadership Change

On February 28, 2025, Associated Capital Group, Inc. announced that Douglas R. Jamieson will retire as its Chief Executive Officer and President on March 17, 2025, but will remain a Director. Patrick Huvane, Vice President of Corporate Development, will step in as Interim CEO, indicating a leadership transition within the company.