AMERISAFE INC (AMSF) Stock Fundamental Analysis
USA - NASDAQ:AMSF - US03071H1005 - Common Stock
39.81 USD
-0.27 (-0.67%)
39.81 USD
0 (0%)
We assign a fundamental rating of 4 out of 10 to AMSF. AMSF was compared to 146 industry peers in the Insurance industry. Both the profitability and the financial health of AMSF get a neutral evaluation. Nothing too spectacular is happening here. AMSF has a expensive valuation and it also scores bad on growth.
1. Profitability
1.1 Basic Checks
AMSF had positive earnings in the past year.
In the past year AMSF had a positive cash flow from operations.
AMSF had positive earnings in each of the past 5 years.
AMSF had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
AMSF's Return On Assets of 4.37% is amongst the best of the industry. AMSF outperforms 81.51% of its industry peers.
AMSF's Return On Equity of 18.99% is amongst the best of the industry. AMSF outperforms 86.99% of its industry peers.
AMSF has a Return On Invested Capital of 4.30%. This is in the better half of the industry: AMSF outperforms 73.97% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for AMSF is in line with the industry average of 4.52%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.37% | ||
| ROE | 18.99% | ||
| ROIC | 4.3% |
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
With an excellent Profit Margin value of 16.64%, AMSF belongs to the best of the industry, outperforming 85.62% of the companies in the same industry.
AMSF's Profit Margin has declined in the last couple of years.
With a decent Operating Margin value of 19.73%, AMSF is doing good in the industry, outperforming 74.66% of the companies in the same industry.
In the last couple of years the Operating Margin of AMSF has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 19.73% | ||
| PM (TTM) | 16.64% | ||
| 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.
The number of shares outstanding for AMSF has been reduced compared to 1 year ago.
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
There is no outstanding debt for AMSF. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | N/A |
ROIC/WACC0.49
WACC8.75%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
AMSF shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -9.27%.
Measured over the past years, AMSF shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -11.34% on average per year.
AMSF shows a decrease in Revenue. In the last year, the revenue decreased by -1.99%.
AMSF shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -3.91% yearly.
EPS 1Y (TTM)-9.27%
EPS 3Y-3.68%
EPS 5Y-11.34%
EPS Q2Q%-5.17%
Revenue 1Y (TTM)-1.99%
Revenue growth 3Y-0.45%
Revenue growth 5Y-3.91%
Sales Q2Q%4.17%
3.2 Future
AMSF is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -6.03% yearly.
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.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
AMSF is valuated correctly with a Price/Earnings ratio of 16.94.
65.07% of the companies in the same industry are cheaper than AMSF, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 26.51, AMSF is valued a bit cheaper.
Based on the Price/Forward Earnings ratio of 17.48, the valuation of AMSF can be described as rather expensive.
Compared to the rest of the industry, the Price/Forward Earnings ratio of AMSF indicates a slightly more expensive valuation: AMSF is more expensive than 67.12% of the companies listed in the same industry.
AMSF's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.53.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.94 | ||
| Fwd PE | 17.48 |
4.2 Price Multiples
AMSF's Enterprise Value to EBITDA is on the same level as the industry average.
AMSF's Price/Free Cash Flow ratio is a bit more expensive when compared to the industry. AMSF is more expensive than 70.55% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 95.47 | ||
| EV/EBITDA | 11.74 |
4.3 Compensation for Growth
The decent profitability rating of AMSF may justify a higher PE ratio.
AMSF's earnings are expected to decrease with -6.03% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-4.92%
EPS Next 3Y-6.03%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.89%, AMSF has a reasonable but not impressive dividend return.
AMSF's Dividend Yield is a higher than the industry average which is at 3.34.
AMSF's Dividend Yield is rather good when compared to the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.89% |
5.2 History
The dividend of AMSF decreases each year by -0.15%.
AMSF has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)-0.15%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
AMSF pays out 170.90% of its income as dividend. This is not a sustainable payout ratio.
AMSF's earnings and Dividend Rate are declining. This means the current dividend is most likely not sustainable.
DP170.9%
EPS Next 2Y-4.92%
EPS Next 3Y-6.03%
39.81
-0.27 (-0.67%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)
Earnings (Next)
Inst Owners102.24%
Inst Owner Change-1.05%
Ins Owners1.35%
Ins Owner Change6.7%
Market Cap755.99M
Revenue(TTM)299.54M
Net Income(TTM)50.42M
Analysts77.78
Price Target53.04 (33.23%)
Short Float %0.79%
Short Ratio1.25
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.89% |
Yearly Dividend4.47
Dividend Growth(5Y)-0.15%
DP170.9%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-3.59%
Min EPS beat(2)-3.64%
Max EPS beat(2)-3.53%
EPS beat(4)1
Avg EPS beat(4)-1.23%
Min EPS beat(4)-3.64%
Max EPS beat(4)4.89%
EPS beat(8)2
Avg EPS beat(8)-3.53%
EPS beat(12)4
Avg EPS beat(12)-1.11%
EPS beat(16)6
Avg EPS beat(16)-3.99%
Revenue beat(2)1
Avg Revenue beat(2)-2.23%
Min Revenue beat(2)-7.3%
Max Revenue beat(2)2.84%
Revenue beat(4)2
Avg Revenue beat(4)-2.05%
Min Revenue beat(4)-7.3%
Max Revenue beat(4)2.84%
Revenue beat(8)4
Avg Revenue beat(8)-1.19%
Revenue beat(12)6
Avg Revenue beat(12)-0.82%
Revenue beat(16)8
Avg Revenue beat(16)-0.6%
PT rev (1m)-4.29%
PT rev (3m)-7.69%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0.59%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.3%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.26%
Revenue NY rev (1m)-0.08%
Revenue NY rev (3m)0.81%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.94 | ||
| Fwd PE | 17.48 | ||
| P/S | 2.5 | ||
| P/FCF | 95.47 | ||
| P/OCF | 83.62 | ||
| P/B | 2.85 | ||
| P/tB | 2.85 | ||
| EV/EBITDA | 11.74 |
EPS(TTM)2.35
EY5.9%
EPS(NY)2.28
Fwd EY5.72%
FCF(TTM)0.42
FCFY1.05%
OCF(TTM)0.48
OCFY1.2%
SpS15.95
BVpS13.98
TBVpS13.98
PEG (NY)N/A
PEG (5Y)N/A
Graham Number27.19
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.37% | ||
| ROE | 18.99% | ||
| ROCE | 5.36% | ||
| ROIC | 4.3% | ||
| ROICexc | 4.5% | ||
| ROICexgc | 5.13% | ||
| OM | 19.73% | ||
| PM (TTM) | 16.64% | ||
| GM | N/A | ||
| FCFM | 2.61% |
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 | 118.86% | ||
| Cap/Sales | 0.37% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 14.89% | ||
| Profit Quality | 15.71% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score5
WACC8.75%
ROIC/WACC0.49
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)-1.99%
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-12.35%
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-65.27%
FCF growth 3Y-13.99%
FCF growth 5Y-21.39%
OCF growth 1Y-62.17%
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 170.9%.