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Andersen Group, Inc. Class A
(NYSE:ANDG)
Select Model
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Rating:67Neutral
Price Target:
$71.00
▲(26.20% Upside)
Action:Reiterated
Date:10/16/26
The score is held back mainly by weakened financial quality—especially the sharp swing to a 2025 net loss and a stressed balance sheet with higher debt and negative equity—despite strong free-cash-flow generation. Support comes from solid technical momentum, a low P/E valuation, and a generally constructive earnings call with reaffirmed guidance and strong organic growth, tempered by GAAP impacts and slower deal timing. Corporate events add strategic upside but include dilution and integration risk.
Positive Factors
Organic Growth and Margin Expansion
Strong organic growth across the core business indicates broad client demand rather than acquisition-only expansion. Rising adjusted EBITDA margins show operating leverage from productivity, pricing and utilization gains, supporting stronger earnings capacity over the next several quarters.
Negative Factors
Stressed Capital Structure
The sharp increase in debt alongside negative shareholder equity reduces financial flexibility and raises leverage and solvency concerns. A stressed capital structure can constrain future investment choices and make the company more vulnerable if operating performance or cash generation weakens.
Read all positive and negative factors
Positive Factors
Negative Factors
Organic Growth and Margin Expansion
Strong organic growth across the core business indicates broad client demand rather than acquisition-only expansion. Rising adjusted EBITDA margins show operating leverage from productivity, pricing and utilization gains, supporting stronger earnings capacity over the next several quarters.
Read all positive factors
Andersen Group, Inc. Class A (ANDG) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$7.41B
Dividend YieldN/A
Average Volume (3M)426.81K
Price to Earnings (P/E)6.1
Beta (1Y)1.10
Revenue Growth17.95%
EPS Growth154.85%
CountryUS
Employees2,690
SectorGeneral
Sector StrengthN/A
IndustryPersonal Products & Services
Share Statistics
EPS (TTM)10.74
Shares Outstanding13,613,285
10 Day Avg. Volume320,412
30 Day Avg. Volume426,809
Financial Highlights & Ratios
PEG Ratio1.42
Price to Book (P/B)-2.12
Price to Sales (P/S)0.34
P/FCF Ratio1.64
Enterprise Value/Market Cap0.21
Enterprise Value/Revenue1.69
Enterprise Value/Gross Profit4.88
Enterprise Value/Ebitda-31.33
Forecast
1Y Price Target
$60.86Price Target Upside8.17% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering8
EPS Forecast (FY)1.87
Revenue Forecast (FY)$992.82M
Andersen Group, Inc. Class A Business Overview & Revenue Model
Company Description
Andersen is a prominent firm specializing in independent tax, valuation, and financial advisory services, primarily serving individuals, family offices, businesses, and alternative investment funds across the United States. The company distinguish...
Andersen Group, Inc. Class A Earnings Call Summary
Earnings Call Date:Aug 12, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 12, 2026
Earnings Call Sentiment Positive
The call conveyed strong underlying operational and financial momentum: robust organic revenue growth (+~20% Q2 organic), notable margin expansion (hundreds of basis points), improved productivity, pricing power, solid hiring metrics, a healthy balance sheet, and active AI adoption. Primary weaknesses are timing and integration friction around inorganic transactions (lower-than-expected 2026 inorganic revenue), a substantial noncash stock-based compensation charge that depresses GAAP results for the quarter, and some modest attrition and remaining integration work. On balance the positives (organic growth, margin expansion, liquidity, hiring, AI/tech progress) materially outweigh the lowlights tied mostly to timing and noncash accounting impacts.Positive Updates
Strong Top-Line Growth in Q2
Revenue of $217.7M in Q2 2026, up 23.7% year-over-year; organic revenue up ~20.5%–20.6% excluding acquisitions (Q2), and first half revenue of ~$458M, up ~19.3% YoY.
Negative Updates
GAAP Net Loss in the Quarter
GAAP net loss of $10.1M for Q2 2026 (EPS -$0.08 basic / -$0.09 diluted), though this is an improvement versus a $96M GAAP loss in Q2 2025 and H1 GAAP net income of $7.6M.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong Top-Line Growth in Q2
Revenue of $217.7M in Q2 2026, up 23.7% year-over-year; organic revenue up ~20.5%–20.6% excluding acquisitions (Q2), and first half revenue of ~$458M, up ~19.3% YoY.
Read all positive updates
Company Guidance
Andersen reaffirmed full‑year 2026 guidance of $980M–$1.0B revenue (≈18% annual growth) and adjusted EBITDA of $225M–$250M (22%–23% margin; ≈5% growth). Q2 results that underpin the outlook included revenue of $217.7M (+23.7% YoY; organic +20.5–20.6% excl. $5.5M acquis. revenue), adjusted EBITDA $45.9M (+≈55% YoY; 21.1% margin), and adjusted net income $39M (17.9% margin); GAAP Q2 loss was $10.1M (EPS -$0.08). First‑half revenue was ≈$458M (+19.3%; organic ~17.9%) with YTD adjusted EBITDA up >41%; last 12‑month revenue $913M (+18%) and LTM adjusted EBITDA $262.9M (+46%; 28.8% margin). Operational drivers cited include productivity +3.9% (H1), rate per hour +10.1% YoY, revenue per professional +16.4% (YTD), >1,300 gross client adds (+10.6%), 16 signed transactions (8 closed, >$130M annualized revenue), expected inorganic revenue ≈$25–30M for 2026 (vs. prior $55M plan), cash $175.6M, and no third‑party debt.Andersen Group, Inc. Class A Financial Statement Overview
Summary
Income Statement
52
Neutral
Balance Sheet
28
Negative
Cash Flow
74
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 |
|---|---|---|---|---|
Income Statement | ||||
| Total Revenue | 913.04M | 838.69M | 731.59M | 639.11M |
| Gross Profit | 316.43M | 234.60M | 261.49M | 231.52M |
| EBITDA | -49.27M | -116.73M | 145.58M | 128.77M |
| Net Income | 42.57M | -2.32M | 134.80M | 118.68M |
Balance Sheet | ||||
| Total Assets | 571.49M | 565.14M | 398.77M | 369.48M |
| Cash, Cash Equivalents and Short-Term Investments | 177.70M | 258.46M | 110.48M | 90.32M |
| Total Debt | 414.38M | 460.49M | 108.08M | 111.06M |
| Total Liabilities | 540.03M | 593.52M | 202.53M | 191.98M |
| Stockholders Equity | -775.28M | -134.73M | 196.25M | 177.50M |
Cash Flow | ||||
| Free Cash Flow | 167.78M | 173.56M | 143.72M | 113.17M |
| Operating Cash Flow | 188.56M | 184.62M | 152.31M | 118.07M |
| Investing Cash Flow | -11.69M | 10.61M | -18.46M | -12.62M |
| Financing Cash Flow | -80.14M | -32.94M | -117.57M | -91.24M |
Andersen Group, Inc. Class A Technical Analysis
Positive
56.26
Price Trends
56.70
Positive
49.71
Positive
39.24
Positive
Market Momentum
2.62
Negative
72.28
Negative
80.92
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ANDG, the sentiment is Positive. The current price of 56.26 is below the 20-day moving average (MA) of 60.00, below the 50-day MA of 56.70, and above the 200-day MA of 39.24, indicating a bullish trend. The MACD of 2.62 indicates Negative momentum. The RSI at 72.28 is Negative, neither overbought nor oversold. The STOCH value of 80.92 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ANDG.
Andersen Group, Inc. Class A Risk Analysis
Andersen Group, Inc. Class A disclosed 69 risk factors in its most recent earnings report. Andersen Group, Inc. Class A reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Andersen Group, Inc. Class A Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | $87.29B | 42.85 | 42.08% | 0.85% | 9.51% | 12.19% | |
69 Neutral | $3.13B | 19.24 | 9.44% | 2.17% | 6.00% | 50.32% | |
67 Neutral | $7.41B | 6.10 | -19.22% | ― | 17.95% | 154.85% | |
62 Neutral | $14.23B | 36.96 | 11.75% | 0.89% | 11.02% | 6.21% | |
60 Neutral | $4.44B | 40.45 | 4.99% | 0.57% | 3.74% | -24.28% | |
57 Neutral | $11.79B | 24.81 | 5.82% | 2.73% | 2.92% | 43.13% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
ANDG
Andersen Group, Inc. Class A
65.55
42.05
178.94%
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RTO
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-14.63%
Andersen Group, Inc. Class A Corporate Events
Business Operations and StrategyM&A TransactionsPrivate Placements and Financing
Andersen Group expands via unregistered global equity-funded deals
Positive
Oct 15, 2026
Between July 22 and September 23, 2026, Andersen Group Inc. agreed to acquire a series of tax, legal, consulting and corporate finance firms, including Andersen Servicios Profesionales in Mexico, several U.S.-based Andersen Consulting member and c...
Business Operations and StrategyExecutive/Board Changes
Andersen Group Expands Board With Veteran Operational Leaders
Positive
Oct 14, 2026
On October 13, 2026, Andersen Group Inc. expanded its Board of Directors from eight to 10 members with the appointment of longtime senior executives Daniel DePaoli and Peter Coscia, both of whom have led key operational areas of the firm since 200...
Business Operations and StrategyFinancial DisclosuresM&A Transactions
Andersen Group posts record Q2 results, reaffirms guidance
Positive
Aug 12, 2026
Andersen Group Inc. reported record financial results for the second quarter and six months ended June 30, 2026, with quarterly revenue rising 23.7% year-on-year to $217.7 million and six-month revenue up 19.4% to $458.4 million, driven by broad-b...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.