Associated Capital Group

ACGP

Asset Management · Financial Services

Price

$34.00

+0.00 (+0.00%)

Market Cap

$709.7M

Winston Score

Winston is curious

Mixed quality — meaningful strengths and weaknesses.

Share count falling — buybacks

−5.0% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 22.1M (2021) → 21.0M (2025)

Associated Capital Group is a financial services company based in the United States. It manages money for wealthy individuals and institutional clients, such as pension funds and endowments, by investing in stocks and other assets. The firm was spun off from Gabelli Funds in 2015 and is closely tied to Mario Gabelli, a well-known value investor.

The company earns money through investment management fees and income from its own investment portfolio, which it holds on its balance sheet. It operates primarily in the United States and is a relatively small firm with a market cap under $1 billion. Its main competitive advantage is its connection to the Gabelli brand and long track record in value investing, but its small size and dependence on a single investment philosophy make it vulnerable if performance lags or key personnel depart.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+435.0% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+170.0% YoY

YoY Growth Rate

Strong earnings growth

R&D Spend

$0/ year

0.0% of revenue

Below sector average (7%)

Research and development spending

Insider Activity

95.7%ownership

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

$365M cash & investments

Company generates more cash than it spends — no dilution risk from fundraising

Revenue accelerating

Associated Capital Group grew revenue 435% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Gross Margin

260.5%

Premium pricing power — 260.5% gross margin

Operating Margin

79.3%

Excellent — 79.3% operating margin

ROCE

2.4%

Weak — 2.4% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

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Growth

Sales YoY

+311.0%

Fast-growing sales (311.0% YoY)

EPS YoY

+21.7%

Earnings growing fast (21.7% YoY)

Healthy double-digit earnings growth — what compounders look like.

EPS Consistency

4/8 quarters

Earnings inconsistent quarter-to-quarter

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Cash Flow

Cash Conversion

-13%

Weak — only -13% of profit becomes cash

FCF Margin

-26.8%

Burning cash (-26.8%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity

N/A

Data not available

Interest Cover

1084.04x

Comfortably covers interest (1084.0x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

P/E Ratio (TTM)

13.5x

Attractive valuation — P/E 13.5

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

P/E vs Forward

N/A

not available

Data not available

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Dividends

Dividend Yield

0.81%

Small dividend — 0.81% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend Growth

-82.6%

Dividend cut (-82.6% YoY) — warning sign

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