AMERISAFE INC (AMSF) Stock Fundamental Analysis
USA - NASDAQ:AMSF - US03071H1005 - Common Stock
41.37 USD
-0.2 (-0.48%)
41.37 USD
0 (0%)
We assign a fundamental rating of 4 out of 10 to AMSF. AMSF was compared to 147 industry peers in the Insurance industry. AMSF has only an average score on both its financial health and profitability. AMSF does not seem to be growing, but still is valued expensively.
1. Profitability
1.1 Basic Checks
In the past year AMSF was profitable.
AMSF had a positive operating cash flow in the past year.
In the past 5 years AMSF has always been profitable.
In the past 5 years AMSF always reported a positive cash flow from operatings.
1.2 Ratios
With a decent Return On Assets value of 4.28%, AMSF is doing good in the industry, outperforming 78.91% of the companies in the same industry.
The Return On Equity of AMSF (18.17%) is better than 80.95% of its industry peers.
AMSF's Return On Invested Capital of 4.22% is fine compared to the rest of the industry. AMSF outperforms 72.79% of its industry peers.
The Average Return On Invested Capital over the past 3 years for AMSF is in line with the industry average of 4.44%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.28% | ||
| ROE | 18.17% | ||
| ROIC | 4.22% |
ROA(3y)4.74%
ROA(5y)4.96%
ROE(3y)20.1%
ROE(5y)19.3%
ROIC(3y)4.78%
ROIC(5y)4.81%
1.3 Margins
AMSF's Profit Margin of 16.31% is amongst the best of the industry. AMSF outperforms 82.31% of its industry peers.
AMSF's Profit Margin has declined in the last couple of years.
The Operating Margin of AMSF (19.35%) is better than 74.83% of its industry peers.
AMSF's Operating Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 19.35% | ||
| PM (TTM) | 16.31% | ||
| GM | N/A |
OM growth 3Y-3.47%
OM growth 5Y-8.09%
PM growth 3Y-5.13%
PM growth 5Y-6.1%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
AMSF has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, AMSF has less shares outstanding
The number of shares outstanding for AMSF has been reduced compared to 5 years ago.
The debt/assets ratio for AMSF has been reduced compared to a year ago.
2.2 Solvency
AMSF has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | N/A |
ROIC/WACC0.48
WACC8.78%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
The earnings per share for AMSF have decreased by -9.27% in the last year.
AMSF shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -11.34% yearly.
Looking at the last year, AMSF shows a small growth in Revenue. The Revenue has grown by 1.49% in the last year.
The Revenue has been decreasing by -3.91% on average over the past years.
EPS 1Y (TTM)-9.27%
EPS 3Y-3.68%
EPS 5Y-11.34%
EPS Q2Q%-5.17%
Revenue 1Y (TTM)1.49%
Revenue growth 3Y-0.45%
Revenue growth 5Y-3.91%
Sales Q2Q%4.17%
3.2 Future
The Earnings Per Share is expected to decrease by -6.03% on average over the next years.
Based on estimates for the next years, AMSF will show a small growth in Revenue. The Revenue will grow by 3.16% on average per year.
EPS Next Y-8.24%
EPS Next 2Y-4.92%
EPS Next 3Y-6.03%
EPS Next 5YN/A
Revenue Next Year0.45%
Revenue Next 2Y2.62%
Revenue Next 3Y3.16%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 17.60, the valuation of AMSF can be described as rather expensive.
65.31% of the companies in the same industry are cheaper than AMSF, based on the Price/Earnings ratio.
AMSF's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 25.89.
AMSF is valuated rather expensively with a Price/Forward Earnings ratio of 18.16.
Based on the Price/Forward Earnings ratio, AMSF is valued a bit more expensive than 68.03% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 34.59, AMSF is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.6 | ||
| Fwd PE | 18.16 |
4.2 Price Multiples
AMSF's Enterprise Value to EBITDA is on the same level as the industry average.
Based on the Price/Free Cash Flow ratio, AMSF is valued a bit more expensive than 72.79% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 84.61 | ||
| EV/EBITDA | 12.23 |
4.3 Compensation for Growth
AMSF has a very decent profitability rating, which may justify a higher PE ratio.
A cheap valuation may be justified as AMSF's earnings are expected to decrease with -6.03% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-4.92%
EPS Next 3Y-6.03%
5. Dividend
5.1 Amount
AMSF has a Yearly Dividend Yield of 3.77%.
Compared to an average industry Dividend Yield of 3.52, AMSF pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.44, AMSF pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.77% |
5.2 History
The dividend of AMSF decreases each year by -0.15%.
AMSF has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-0.15%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
AMSF pays out 173.45% of its income as dividend. This is not a sustainable payout ratio.
The Dividend Rate of AMSF has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP173.45%
EPS Next 2Y-4.92%
EPS Next 3Y-6.03%
41.37
-0.2 (-0.48%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)
Earnings (Next)
Inst Owners102.24%
Inst Owner Change-1.02%
Ins Owners1.35%
Ins Owner Change10.11%
Market Cap785.62M
Revenue(TTM)305.98M
Net Income(TTM)49.92M
Analysts77.78
Price Target53.04 (28.21%)
Short Float %0.79%
Short Ratio1.25
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.77% |
Yearly Dividend4.47
Dividend Growth(5Y)-0.15%
DP173.45%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-3.93%
Min EPS beat(2)-4.22%
Max EPS beat(2)-3.64%
EPS beat(4)1
Avg EPS beat(4)-1.63%
Min EPS beat(4)-4.22%
Max EPS beat(4)4.89%
EPS beat(8)2
Avg EPS beat(8)-2.43%
EPS beat(12)4
Avg EPS beat(12)-1.11%
EPS beat(16)5
Avg EPS beat(16)-6.08%
Revenue beat(2)2
Avg Revenue beat(2)2.74%
Min Revenue beat(2)2.64%
Max Revenue beat(2)2.84%
Revenue beat(4)2
Avg Revenue beat(4)-2%
Min Revenue beat(4)-7.3%
Max Revenue beat(4)2.84%
Revenue beat(8)5
Avg Revenue beat(8)-0.32%
Revenue beat(12)6
Avg Revenue beat(12)-0.71%
Revenue beat(16)9
Avg Revenue beat(16)-0.08%
PT rev (1m)-4.29%
PT rev (3m)-5.45%
EPS NQ rev (1m)1.94%
EPS NQ rev (3m)-0.08%
EPS NY rev (1m)-0.03%
EPS NY rev (3m)-0.33%
Revenue NQ rev (1m)0.24%
Revenue NQ rev (3m)0.24%
Revenue NY rev (1m)0.55%
Revenue NY rev (3m)1.44%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.6 | ||
| Fwd PE | 18.16 | ||
| P/S | 2.57 | ||
| P/FCF | 84.61 | ||
| P/OCF | 69.68 | ||
| P/B | 2.86 | ||
| P/tB | 2.86 | ||
| EV/EBITDA | 12.23 |
EPS(TTM)2.35
EY5.68%
EPS(NY)2.28
Fwd EY5.51%
FCF(TTM)0.49
FCFY1.18%
OCF(TTM)0.59
OCFY1.44%
SpS16.11
BVpS14.47
TBVpS14.47
PEG (NY)N/A
PEG (5Y)N/A
Graham Number27.66
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.28% | ||
| ROE | 18.17% | ||
| ROCE | 5.26% | ||
| ROIC | 4.22% | ||
| ROICexc | 4.44% | ||
| ROICexgc | 5.05% | ||
| OM | 19.35% | ||
| PM (TTM) | 16.31% | ||
| GM | N/A | ||
| FCFM | 3.03% |
ROA(3y)4.74%
ROA(5y)4.96%
ROE(3y)20.1%
ROE(5y)19.3%
ROIC(3y)4.78%
ROIC(5y)4.81%
ROICexc(3y)4.99%
ROICexc(5y)5.03%
ROICexgc(3y)5.72%
ROICexgc(5y)5.69%
ROCE(3y)5.96%
ROCE(5y)5.99%
ROICexgc growth 3Y2.96%
ROICexgc growth 5Y-5.98%
ROICexc growth 3Y2.27%
ROICexc growth 5Y-6.79%
OM growth 3Y-3.47%
OM growth 5Y-8.09%
PM growth 3Y-5.13%
PM growth 5Y-6.1%
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0.26
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 234% | ||
| Cap/Sales | 0.65% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 18.77% | ||
| Profit Quality | 18.6% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score5
WACC8.78%
ROIC/WACC0.48
Cap/Depr(3y)92.38%
Cap/Depr(5y)99.43%
Cap/Sales(3y)0.38%
Cap/Sales(5y)0.37%
Profit Quality(3y)45.41%
Profit Quality(5y)52.83%
High Growth Momentum
Growth
EPS 1Y (TTM)-9.27%
EPS 3Y-3.68%
EPS 5Y-11.34%
EPS Q2Q%-5.17%
EPS Next Y-8.24%
EPS Next 2Y-4.92%
EPS Next 3Y-6.03%
EPS Next 5YN/A
Revenue 1Y (TTM)1.49%
Revenue growth 3Y-0.45%
Revenue growth 5Y-3.91%
Sales Q2Q%4.17%
Revenue Next Year0.45%
Revenue Next 2Y2.62%
Revenue Next 3Y3.16%
Revenue Next 5YN/A
EBIT growth 1Y-5.28%
EBIT growth 3Y-3.9%
EBIT growth 5Y-11.68%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-46.33%
FCF growth 3Y-13.99%
FCF growth 5Y-21.39%
OCF growth 1Y-37.37%
OCF growth 3Y-13.98%
OCF growth 5Y-21.04%
AMERISAFE INC / AMSF FAQ
What is the fundamental rating for AMSF stock?
ChartMill assigns a fundamental rating of 4 / 10 to AMSF.
Can you provide the valuation status for AMERISAFE INC?
ChartMill assigns a valuation rating of 2 / 10 to AMERISAFE INC (AMSF). This can be considered as Overvalued.
How profitable is AMERISAFE INC (AMSF) stock?
AMERISAFE INC (AMSF) has a profitability rating of 6 / 10.
Can you provide the financial health for AMSF stock?
The financial health rating of AMERISAFE INC (AMSF) is 5 / 10.
How sustainable is the dividend of AMERISAFE INC (AMSF) stock?
The dividend rating of AMERISAFE INC (AMSF) is 4 / 10 and the dividend payout ratio is 173.45%.