AMTM AMTM

Name: AMTM Crucible Score
Creator: Kaladin Capital Intelligence

UnknownUnknownN/A📅 Scored April 20, 2026

Price at analysis: $27.58

Crucible Score

51.4

Quality × Value Composite

KQI — Quality

52.0

Fundamental Quality Index

KVI — Value

50.7

C-

Valuation Attractiveness Index

Crucible Verdict — AMTM

AMTM earns a middling Crucible Score of 51.4, weighed down by weak diversification (35) and poor management effectiveness (45) despite a solid growth profile (69). The stock trades at a 17% discount to fair value with strong earnings execution at 75% beat rate. AMTM's performance-heavy compensation structure should drive results, but operational improvements remain essential for sustained outperformance.

— Kal, Kaladin Capital Intelligence

◆ KQI Quality Dimensions

Financial Quality

51.0

Growth Profile⚠

68.8

Moat Durability⚠

51.2

Management Effectiveness⚠

45.1

Diversification & Resilience

35.0

Market Position

58.0

Weakest dimension: Diversification & Resilience (35.0)

◆ KVI Value Dimensions

DCF Margin of Safety

59.6

FCF Yield & Cash Returns

34.2

Relative Valuation

63.5

Growth-Adjusted Value

45.9

Historical Valuation

50.0

Macro Context

31.5

◆ DCF Valuation Scenarios

Bear Case

$18.42

Base Case

$32.15

Bull Case

$51.80

Price at Analysis

$27.58

Scenario	Fair Value	Rev CAGR (5yr)	Terminal Margin	WACC
🔴 Bear	$18.42	3.0%	3.5%	7.9%
🟢 Base	$32.15	5.0%	4.5%	7.3%
🟢 Bull	$51.80	8.0%	6.0%	6.7%

Key Assumptions: AMTM shows highly volatile revenue (ranging from ~$5B to ~$14B) with thin operating margins (0.7%-6.6%) and heavy debt load (~$4-5B). Base case assumes modest 5% revenue CAGR from the most recent ~$14.4B level with gradual margin normalization toward 4.5% operating margin, reflecting the company's historically low profitability and high leverage. WACC is calculated using CAPM with 0.60 beta and 5.0% ERP, yielding 7.32% base WACC, with bear/bull cases adjusting +/-60bps. Capex intensity is minimal at ~0.2-0.3% of revenue historically; net debt of ~$3.7B is subtracted from enterprise value to arrive at equity value.

◆ Financial Snapshot

Profitability

Gross Margin10.4%

Operating Margin3.4%

Net Margin70.0%

ROIC2.5%

ROE-17.3%

Balance Sheet

Balance SheetCR: 1.42

Cash ConversionFCF/EPS: 2.77x

Capital IntensityCapex/Rev: 0.2%

Altman Z-Score2.07 (Grey)

Piotroski F-Score5/9 (Mixed)

Growth

Revenue CAGR29.7% CAGR

Earnings CAGR-30.8% CAGR (suspect)

Growth ConsistencyCV: 0.89

Segment BreadthInsufficient segments

Quarterly TrendRev↓, Margin↑, Cash↓, WC↓

Earnings CredibilityConsistent Beater

◆ Analyst Consensus & Leadership

Leadership & Governance

CEO Ownership19.4%

Compensation90% performance-based

Insider ActivityNeutral

Capital AllocationROIC 2.5% vs WACC 6.7%

Earnings Beat Rate75% (7/12)

◆ Related Companies in Our Universe

Other Unknown companies scored by the Crucible:

ADBE81.8A-NICE80.7A-DECK79.9A-INTU79.9A-EXEL78.3A-MTCH78.2A-TTD78.0B+

Methodology All Scores Crucible Briefs Performance @KaladinCI

Analysis conducted April 20, 2026 based on most recent SEC filings. Updated quarterly, after new SEC filings.

Point-in-time fundamental analysis. Not investment advice. Scores reflect company quality and valuation at time of analysis and may not reflect current market conditions.