A Business at a Glance
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ATLANTIC AMERICAN CORP
AAME
$32M
Mkt Cap
$1.57
+1.95%
ATLANTIC AMERICAN CORP (AAME) has a current P/E ratio of 6.8, compared to its historical median P/E of 19.5. The stock is currently considered Cheap based on its historical valuation range.
ATLANTIC AMERICAN CORP (AAME) has a 5-year average return on invested capital (ROIC) of 1.5%. This is below average and may indicate limited pricing power.
ATLANTIC AMERICAN CORP (AAME) has a market capitalization of $32M. It is classified as a small-cap stock.
Yes, ATLANTIC AMERICAN CORP (AAME) pays a dividend with a trailing twelve-month yield of 1.27%.
Based on historical P/E analysis, ATLANTIC AMERICAN CORP (AAME) appears cheap. The current P/E of 6.8 is 65% below its historical median of 19.5. The estimated fair value CAGR (P/E method) is -12.5%.
ATLANTIC AMERICAN CORP (AAME) operates in the Life Insurance industry, within the Financials sector.
ATLANTIC AMERICAN CORP (AAME) reported annual revenue of $188 million in its most recent fiscal year, based on SEC EDGAR filings.
The Company Atlantic American Corporation, a Georgia corporation incorporated in 1968 (the “Parent” or “Company”), is a holding company that operates through its subsidiaries in well-defined specialty markets within the life and health and property and casualty insurance industries. The Parent’s principal operating subsidiaries are American Southern Insurance Company and American Safety Insurance Company (together known as “American Southern”) within the property and casualty insurance industry and Bankers Fidelity Life Insurance Company, Bankers Fidelity Assurance Company and Atlantic Capital Life Assurance Company (together known as “Bankers Fidelity”) within the life and health insurance industry. Each of American Southern and Bankers Fidelity is managed separately based upon the type of products it offers and is evaluated on its individual performance.
| Metric | TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | 208M | 188M | 187M | 188M | 200M | 195M |
| Net Income | 4.7M | -4.7M | -570K | 1.1M | 3.9M | 12M |
| EPS | $0.23 | $-0.23 | $-0.03 | $0.06 | $0.19 | $0.56 |
| Free Cash Flow | 24M | 4.6M | 2.5M | 6.3M | 981K | 8.7M |
| ROIC | 0.0% | -4.4% | -0.5% | 0.9% | 2.7% | 8.9% |
| Gross Margin | - | -2.8% | - | 1.1% | 2.7% | 7.9% |
| Debt/Equity | 0.07 | 0.08 | 0.06 | 0.04 | 0.00 | 1.79 |
| Dividends/Share | $0.00 | $0.02 | $0.02 | $0.02 | $0.02 | $0.00 |
| Operating Income | 0 | -5.0M | 1.5M | 9.6M | -1.5M | 12M |
| Operating Margin | 0.0% | -2.6% | 0.8% | 5.1% | -0.7% | 5.9% |
| ROE | 4.3% | -4.5% | -0.5% | 0.9% | 2.7% | 8.9% |
| Shares Outstanding | 20M | 20M | 19M | 19M | 20M | 21M |
| Metric | 2014 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 165M | 166M | 166M | 166M | 181M | 186M | 198M | 195M | 200M | 188M | 187M | 188M | 208M |
| Gross Margin | 6.8% | 2.9% | 3.4% | 2.1% | 3.0% | -0.5% | -0.2% | 7.9% | 2.7% | 1.1% | N/A | -2.8% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EBIT | 2.5M | 2.6M | 851K | 929K | -3.8M | -3.9M | -7.5M | 12M | -1.5M | 9.6M | 1.5M | -5.0M | 0 |
| Op. Margin | 1.5% | 1.6% | 0.5% | 0.6% | -2.1% | -2.1% | -3.8% | 5.9% | -0.7% | 5.1% | 0.8% | -2.6% | 0.0% |
| Net Income | 11M | 4.0M | 4.0M | 2.2M | 4.1M | -1.1M | -785K | 12M | 3.9M | 1.1M | -570K | -4.7M | 4.7M |
| Net Margin | 6.4% | 2.4% | 2.4% | 1.3% | 2.3% | -0.6% | -0.4% | 6.0% | 1.9% | 0.6% | -0.3% | -2.5% | 2.3% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 10.2% | 3.8% | 3.7% | 2.2% | 3.8% | -1.0% | -0.7% | 8.9% | 2.7% | 0.9% | -0.5% | -4.4% | 0.0% |
| ROE | 10.2% | 3.8% | 3.9% | 2.2% | 3.8% | -1.0% | -0.7% | 8.9% | 2.7% | 0.9% | -0.5% | -4.5% | 4.3% |
| ROA | 3.3% | 1.2% | 1.3% | 0.7% | 1.2% | -0.3% | -0.2% | 3.0% | 1.0% | 0.3% | -0.2% | -1.2% | 1.1% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 13M | 4.5M | 2.2M | 1.3M | 12M | 4.5M | -1.8M | 9.0M | 1.1M | 6.5M | 2.6M | 4.8M | 25M |
| Free Cash Flow | 12M | 326K | 1.9M | 920K | 12M | 4.2M | -1.9M | 8.7M | 981K | 6.3M | 2.5M | 4.6M | 24M |
| Owner Earnings | 12M | 2.9M | 727K | -475K | 10M | 3.3M | -3.2M | 7.6M | -68K | 5.5M | 1.9M | 4.4M | 8.1M |
| CapEx | 1.3M | 4.1M | 322K | 396K | 103K | 281K | 69K | 233K | 107K | 126K | 80K | 225K | 564K |
| Maint. CapEx | 600K | 932K | 1.1M | 1.2M | 1.4M | 987K | 996K | 980K | 1.0M | 890K | 652K | 366K | 17M |
| Growth CapEx | 738K | 3.2M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 600K | 932K | 1.1M | 1.2M | 1.4M | 987K | 996K | 980K | 1.0M | 890K | 652K | 366K | 17M |
| CapEx/OCF | 10.3% | 92.7% | 14.6% | 30.1% | 0.8% | 6.3% | N/A | 2.6% | 9.8% | 2.0% | 3.1% | 4.7% | 2.3% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 423K | 834K | 412K | 408K | 408K | 407K | 403K | 0 | 408K | 408K | 408K | 408K | 0 |
| Dividend Yield | 0.6% | 1.1% | 0.5% | 0.5% | 0.6% | 0.7% | 0.9% | N/A | 0.5% | 0.8% | 1.0% | 1.1% | N/A |
| Share Buybacks | 1.4M | 2.6M | 997K | 698K | 692K | 597K | 71K | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | 1.7% | 3.4% | 1.1% | 1.0% | 1.1% | 1.2% | 0.2% | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 138K | 584K | 365K | 586K | 495K | 223K | 353K | 437K | 153K | 108K | 119K | 7K | 4K |
| Debt Repayment | 0 | 6.8M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | -234M | N/A | -221M | N/A | N/A | N/A | N/A | N/A | -286M | -234M | -240M | -240M | -262M |
| Cash & Equiv. | 33M | 16M | 16M | 13M | 25M | 13M | 13M | 19M | 25M | 29M | 28M | 36M | 270M |
| Long-Term Debt | 0 | N/A | 0 | N/A | N/A | N/A | N/A | N/A | 0 | 2.0M | 3.0M | 4.0M | 4.0M |
| Debt/Equity | 0.00 | 2.04 | 0.00 | 2.02 | 2.04 | 2.40 | 2.19 | 1.79 | 0.00 | 0.04 | 0.06 | 0.08 | 0.07 |
| Interest Coverage | 1.3 | 1.6 | 0.6 | 0.6 | -2.2 | -1.9 | -3.5 | 7.2 | -1.1 | 4.9 | 0.5 | -1.5 | -1.5 |
| Equity | 101M | 104M | 102M | 106M | 113M | 101M | 118M | 145M | 141M | 102M | 107M | 100M | 109M |
| Total Assets | 319M | 317M | 315M | 319M | 343M | 344M | 378M | 405M | 402M | 367M | 381M | 393M | 431M |
| Total Liabilities | 218M | 213M | 212M | 213M | 230M | 243M | 259M | 260M | 261M | 265M | 274M | 294M | 321M |
| Intangibles | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 19M | 22M | 25M | 27M | 31M | 37M | 36M | 48M | 51M | 52M | 51M | 46M | 50M |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | |||||||||||||
| EPS | 0.48 | 0.19 | 0.19 | 0.11 | 0.20 | -0.05 | -0.04 | 0.56 | 0.19 | 0.06 | -0.03 | -0.23 | 0.23 |
| Owner EPS | 0.56 | 0.14 | 0.03 | -0.02 | 0.50 | 0.15 | -0.16 | 0.36 | -0.00 | 0.29 | 0.10 | 0.22 | 0.40 |
| Book Value | 4.60 | 5.00 | 4.88 | 5.19 | 5.47 | 4.60 | 6.03 | 6.90 | 6.92 | 5.45 | 5.65 | 4.91 | 5.37 |
| Cash Flow/Share | 0.59 | 0.21 | 0.11 | 0.06 | 0.59 | 0.20 | -0.09 | 0.43 | 0.05 | 0.34 | 0.14 | 0.24 | 1.05 |
| Dividends/Share | 0.02 | 0.04 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.00 | 0.02 | 0.02 | 0.02 | 0.02 | 0.00 |
| Shares Out. | 22.0M | 20.9M | 21.0M | 20.3M | 20.6M | 22.1M | 19.6M | 21.0M | 20.4M | 18.8M | 19.0M | 20.3M | 20.4M |
| Valuation | |||||||||||||
| P/E Ratio | 7.8 | 19.1 | 23.2 | 32.4 | 15.3 | N/A | N/A | 3.6 | 15.8 | 37.5 | N/A | N/A | 6.8 |
| P/FCF | 7.0 | 231.6 | 49.0 | 78.7 | 5.2 | 11.9 | N/A | 4.8 | 62.6 | 6.7 | 16.1 | 6.5 | 1.3 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 5.8 | 4.2 | 6.7 | N/A | N/A |
| Price/Book | 0.8 | 0.7 | 0.9 | 0.7 | 0.6 | 0.5 | 0.3 | 0.3 | 0.4 | 0.4 | 0.4 | 0.3 | 0.3 |
| Price/Sales | 0.5 | 0.4 | 0.5 | 0.5 | 0.4 | 0.3 | 0.2 | 0.2 | 0.4 | 0.3 | 0.2 | 0.2 | 0.2 |
| FCF Yield | 14.3% | 0.4% | 2.0% | 1.3% | 19.1% | 8.4% | -5.4% | 20.7% | 1.6% | 15.0% | 6.2% | 15.5% | 75.7% |
| Market Cap | 82M | 75M | 92M | 72M | 63M | 50M | 35M | 42M | 61M | 42M | 41M | 30M | 32M |
| Avg. Price | 3.41 | 3.56 | 3.72 | 3.74 | 3.42 | 2.77 | 2.31 | 1.94 | 3.79 | 2.73 | 2.05 | 1.89 | 1.57 |
| Year-End Price | 3.72 | 3.62 | 4.40 | 3.56 | 3.06 | 2.25 | 1.77 | 2.01 | 3.00 | 2.25 | 2.15 | 1.46 | 1.57 |
ATLANTIC AMERICAN CORP passes 1 of 9 quality checks, indicating weak fundamentals.
ATLANTIC AMERICAN CORP trades at 6.8x trailing earnings, compared to its 15-year median P/E of 19.5x, suggesting it is currently Cheap relative to its historical range. On a free-cash-flow basis, the stock trades at 1.3x vs a median of 11.9x. The company's 5-year average ROIC is 1.5% with a gross margin of 2.2%. Total shareholder yield (dividends) is 1.3%. At current prices, the estimated annualized return to fair value is +16.7%.
ATLANTIC AMERICAN CORP (AAME) has a net profit margin of -2.5%. The company is currently unprofitable.
ATLANTIC AMERICAN CORP (AAME) generated $5 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
ATLANTIC AMERICAN CORP (AAME) has a debt-to-equity ratio of 0.08. This indicates a conservatively financed balance sheet.
ATLANTIC AMERICAN CORP (AAME) reported earnings per share (EPS) of $-0.23 in its most recent fiscal year.
ATLANTIC AMERICAN CORP (AAME) has a return on equity (ROE) of -4.5%. A negative ROE may indicate losses or negative equity.
ATLANTIC AMERICAN CORP (AAME) has a 5-year average gross margin of 2.2%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 15 years of financial data for ATLANTIC AMERICAN CORP (AAME), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
ATLANTIC AMERICAN CORP (AAME) has a book value per share of $4.91, based on its most recent annual SEC filing.
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