37.14 USD
-1.99 (-5.09%)
37.14 USD
0 (0%)
AMSF gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 147 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.
AMSF had a positive operating cash flow in the past year.
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
The Return On Assets of AMSF (4.28%) is better than 78.38% of its industry peers.
With an excellent Return On Equity value of 18.17%, AMSF belongs to the best of the industry, outperforming 81.08% of the companies in the same industry.
The Return On Invested Capital of AMSF (4.22%) is better than 69.59% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for AMSF is significantly below the industry average of 14.89%.
| 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
Looking at the Profit Margin, with a value of 16.31%, AMSF belongs to the top of the industry, outperforming 83.11% of the companies in the same industry.
AMSF's Profit Margin has declined in the last couple of years.
The Operating Margin of AMSF (19.35%) is better than 69.59% of its industry peers.
In the last couple of years the Operating Margin of AMSF has declined.
| 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), AMSF is destroying value.
Compared to 1 year ago, AMSF has less shares outstanding
Compared to 5 years ago, AMSF has less shares outstanding
Compared to 1 year ago, AMSF has an improved debt to assets ratio.
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.
The earnings per share for AMSF have been decreasing by -11.34% on average. This is quite bad
The Revenue has been growing slightly by 1.49% in the past 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
Based on estimates for the next years, AMSF will show a decrease in Earnings Per Share. The EPS will decrease by -6.80% on average per year.
The Revenue is expected to grow by 3.16% on average over the next years.
EPS Next Y-8.38%
EPS Next 2Y-5.28%
EPS Next 3Y-6.8%
EPS Next 5YN/A
Revenue Next Year1.15%
Revenue Next 2Y2.8%
Revenue Next 3Y3.16%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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
With a Price/Earnings ratio of 15.80, AMSF is valued correctly.
Based on the Price/Earnings ratio, AMSF is valued a bit more expensive than the industry average as 61.49% of the companies are valued more cheaply.
Compared to an average S&P500 Price/Earnings ratio of 26.49, AMSF is valued a bit cheaper.
A Price/Forward Earnings ratio of 16.43 indicates a correct valuation of AMSF.
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 64.19% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of AMSF to the average of the S&P500 Index (23.69), we can say AMSF is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.8 | ||
| Fwd PE | 16.43 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of AMSF is on the same level as its industry peers.
AMSF's Price/Free Cash Flow ratio is a bit more expensive when compared to the industry. AMSF is more expensive than 74.32% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 75.68 | ||
| EV/EBITDA | 10.79 |
4.3 Compensation for Growth
A cheap valuation may be justified as AMSF's earnings are expected to decrease with -6.80% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-5.28%
EPS Next 3Y-6.8%
5. Dividend
5.1 Amount
AMSF has a Yearly Dividend Yield of 3.99%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 3.48, AMSF pays a bit more dividend than its industry peers.
AMSF's Dividend Yield is rather good when compared to the S&P500 average which is at 2.31.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.99% |
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 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-5.28%
EPS Next 3Y-6.8%
37.14
-1.99 (-5.09%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)
Earnings (Next)
Inst Owners99.37%
Inst Owner Change-0.98%
Ins Owners1.33%
Ins Owner Change0.11%
Market Cap702.69M
Revenue(TTM)305.98M
Net Income(TTM)49.92M
Analysts77.78
Price Target50.32 (35.49%)
Short Float %0.9%
Short Ratio1.3
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.99% |
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)-5.13%
PT rev (3m)-10.3%
EPS NQ rev (1m)-1.96%
EPS NQ rev (3m)-2.04%
EPS NY rev (1m)-0.15%
EPS NY rev (3m)-1.62%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.24%
Revenue NY rev (1m)0.7%
Revenue NY rev (3m)1.25%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.8 | ||
| Fwd PE | 16.43 | ||
| P/S | 2.3 | ||
| P/FCF | 75.68 | ||
| P/OCF | 62.33 | ||
| P/B | 2.56 | ||
| P/tB | 2.56 | ||
| EV/EBITDA | 10.79 |
EPS(TTM)2.35
EY6.33%
EPS(NY)2.26
Fwd EY6.09%
FCF(TTM)0.49
FCFY1.32%
OCF(TTM)0.6
OCFY1.6%
SpS16.17
BVpS14.52
TBVpS14.52
PEG (NY)N/A
PEG (5Y)N/A
Graham Number27.71
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-8.38%
EPS Next 2Y-5.28%
EPS Next 3Y-6.8%
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 Year1.15%
Revenue Next 2Y2.8%
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 5 / 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%.