ARTISAN PARTNERS ASSET MA -A (APAM) Stock Fundamental Analysis
USA - NYSE:APAM - US04316A1088 - Common Stock
45.7 USD
+0.57 (+1.26%)
Taking everything into account, APAM scores 6 out of 10 in our fundamental rating. APAM was compared to 237 industry peers in the Capital Markets industry. While APAM has a great profitability rating, there are some minor concerns on its financial health. APAM has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
APAM had positive earnings in the past year.
APAM had a positive operating cash flow in the past year.
In the past 5 years APAM has always been profitable.
APAM had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
APAM has a Return On Assets of 17.01%. This is amongst the best in the industry. APAM outperforms 96.62% of its industry peers.
APAM has a better Return On Equity (64.35%) than 98.73% of its industry peers.
APAM has a better Return On Invested Capital (36.68%) than 100.00% of its industry peers.
The Average Return On Invested Capital over the past 3 years for APAM is significantly above the industry average of 7.61%.
The 3 year average ROIC (34.78%) for APAM is below the current ROIC(36.68%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 17.01% | ||
| ROE | 64.35% | ||
| ROIC | 36.68% |
ROA(3y)14.66%
ROA(5y)17.13%
ROE(3y)64.55%
ROE(5y)81.8%
ROIC(3y)34.78%
ROIC(5y)46.29%
1.3 Margins
Looking at the Profit Margin, with a value of 21.62%, APAM is in line with its industry, outperforming 57.81% of the companies in the same industry.
APAM's Profit Margin has improved in the last couple of years.
The Operating Margin of APAM (32.44%) is comparable to the rest of the industry.
In the last couple of years the Operating Margin of APAM has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 32.44% | ||
| PM (TTM) | 21.62% | ||
| GM | N/A |
OM growth 3Y-9.19%
OM growth 5Y-1.45%
PM growth 3Y-4.94%
PM growth 5Y4.74%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
APAM has more shares outstanding than it did 1 year ago.
APAM has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, APAM has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 3.69 indicates that APAM is not in any danger for bankruptcy at the moment.
The Altman-Z score of APAM (3.69) is better than 80.59% of its industry peers.
The Debt to FCF ratio of APAM is 0.62, which is an excellent value as it means it would take APAM, only 0.62 years of fcf income to pay off all of its debts.
With an excellent Debt to FCF ratio value of 0.62, APAM belongs to the best of the industry, outperforming 91.14% of the companies in the same industry.
APAM has a Debt/Equity ratio of 0.52. This is a neutral value indicating APAM is somewhat dependend on debt financing.
APAM has a Debt to Equity ratio of 0.52. This is in the better half of the industry: APAM outperforms 64.98% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.52 | ||
| Debt/FCF | 0.62 | ||
| Altman-Z | 3.69 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 0.72 indicates that APAM may have some problems paying its short term obligations.
APAM has a worse Current ratio (0.72) than 66.67% of its industry peers.
A Quick Ratio of 0.72 indicates that APAM may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.72, APAM is doing worse than 66.24% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.72 | ||
| Quick Ratio | 0.72 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 23.26% over the past year.
The Earnings Per Share has been growing slightly by 5.86% on average over the past years.
APAM shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 14.02%.
APAM shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.83% yearly.
EPS 1Y (TTM)23.26%
EPS 3Y-10.97%
EPS 5Y5.86%
EPS Q2Q%0%
Revenue 1Y (TTM)14.02%
Revenue growth 3Y-3.24%
Revenue growth 5Y6.83%
Sales Q2Q%0%
3.2 Future
The Earnings Per Share is expected to grow by 6.47% on average over the next years.
The Revenue is expected to decrease by -26.12% on average over the next years. This is quite bad
EPS Next Y3.29%
EPS Next 2Y6.33%
EPS Next 3Y6.47%
EPS Next 5YN/A
Revenue Next Year5.49%
Revenue Next 2Y7.55%
Revenue Next 3Y-26.12%
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 stable.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 12.87, APAM is valued correctly.
Based on the Price/Earnings ratio, APAM is valued a bit cheaper than 61.60% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.20, APAM is valued rather cheaply.
A Price/Forward Earnings ratio of 11.39 indicates a reasonable valuation of APAM.
APAM's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. APAM is cheaper than 65.82% of the companies in the same industry.
APAM is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.70, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.87 | ||
| Fwd PE | 11.39 |
4.2 Price Multiples
APAM's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. APAM is cheaper than 88.19% of the companies in the same industry.
APAM's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. APAM is cheaper than 70.46% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.51 | ||
| EV/EBITDA | 9.32 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates APAM does not grow enough to justify the current Price/Earnings ratio.
APAM has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)3.91
PEG (5Y)2.2
EPS Next 2Y6.33%
EPS Next 3Y6.47%
5. Dividend
5.1 Amount
APAM has a Yearly Dividend Yield of 6.51%, which is a nice return.
APAM's Dividend Yield is a higher than the industry average which is at 7.96.
APAM's Dividend Yield is rather good when compared to the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.51% |
5.2 History
The dividend of APAM has a limited annual growth rate of 2.62%.
APAM has been paying a dividend for at least 10 years, so it has a reliable track record.
The dividend of APAM decreased recently.
Dividend Growth(5Y)2.62%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
102.11% of the earnings are spent on dividend by APAM. This is not a sustainable payout ratio.
APAM's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP102.11%
EPS Next 2Y6.33%
EPS Next 3Y6.47%
NYSE:APAM (9/18/2025, 11:47:10 AM)
45.7
+0.57 (+1.26%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners92.79%
Inst Owner Change-1.28%
Ins Owners2%
Ins Owner Change-1.75%
Market Cap3.69B
Analysts48.89
Price Target47.18 (3.24%)
Short Float %4.5%
Short Ratio6.01
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.51% |
Yearly Dividend2.77
Dividend Growth(5Y)2.62%
DP102.11%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)4.45%
Min EPS beat(2)0.77%
Max EPS beat(2)8.14%
EPS beat(4)4
Avg EPS beat(4)4.3%
Min EPS beat(4)0.5%
Max EPS beat(4)8.14%
EPS beat(8)5
Avg EPS beat(8)1.45%
EPS beat(12)8
Avg EPS beat(12)0.99%
EPS beat(16)8
Avg EPS beat(16)-0.38%
Revenue beat(2)0
Avg Revenue beat(2)-2.48%
Min Revenue beat(2)-2.94%
Max Revenue beat(2)-2.01%
Revenue beat(4)0
Avg Revenue beat(4)-1.87%
Min Revenue beat(4)-2.94%
Max Revenue beat(4)-0.52%
Revenue beat(8)0
Avg Revenue beat(8)-2.17%
Revenue beat(12)1
Avg Revenue beat(12)-1.85%
Revenue beat(16)1
Avg Revenue beat(16)-2.18%
PT rev (1m)1.37%
PT rev (3m)18.02%
EPS NQ rev (1m)0%
EPS NQ rev (3m)17.24%
EPS NY rev (1m)5.12%
EPS NY rev (3m)10.02%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)7.29%
Revenue NY rev (1m)0.42%
Revenue NY rev (3m)3.56%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.87 | ||
| Fwd PE | 11.39 | ||
| P/S | 3.25 | ||
| P/FCF | 11.51 | ||
| P/OCF | 11.46 | ||
| P/B | 9.66 | ||
| P/tB | 9.66 | ||
| EV/EBITDA | 9.32 |
EPS(TTM)3.55
EY7.77%
EPS(NY)4.01
Fwd EY8.78%
FCF(TTM)3.97
FCFY8.69%
OCF(TTM)3.99
OCFY8.72%
SpS14.08
BVpS4.73
TBVpS4.73
PEG (NY)3.91
PEG (5Y)2.2
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 17.01% | ||
| ROE | 64.35% | ||
| ROCE | 45.67% | ||
| ROIC | 36.68% | ||
| ROICexc | 59.75% | ||
| ROICexgc | 59.75% | ||
| OM | 32.44% | ||
| PM (TTM) | 21.62% | ||
| GM | N/A | ||
| FCFM | 28.2% |
ROA(3y)14.66%
ROA(5y)17.13%
ROE(3y)64.55%
ROE(5y)81.8%
ROIC(3y)34.78%
ROIC(5y)46.29%
ROICexc(3y)45.82%
ROICexc(5y)67.07%
ROICexgc(3y)46.19%
ROICexgc(5y)68.12%
ROCE(3y)43.3%
ROCE(5y)57.63%
ROICexcg growth 3Y-25.48%
ROICexcg growth 5Y-14.62%
ROICexc growth 3Y-25.17%
ROICexc growth 5Y-14.51%
OM growth 3Y-9.19%
OM growth 5Y-1.45%
PM growth 3Y-4.94%
PM growth 5Y4.74%
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0.79
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.52 | ||
| Debt/FCF | 0.62 | ||
| Debt/EBITDA | 0.53 | ||
| Cap/Depr | 12.73% | ||
| Cap/Sales | 0.11% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 84.97% | ||
| Profit Quality | 130.44% | ||
| Current Ratio | 0.72 | ||
| Quick Ratio | 0.72 | ||
| Altman-Z | 3.69 |
F-Score5
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)130.45%
Cap/Depr(5y)104.84%
Cap/Sales(3y)1.09%
Cap/Sales(5y)0.82%
Profit Quality(3y)143.69%
Profit Quality(5y)143%
High Growth Momentum
Growth
EPS 1Y (TTM)23.26%
EPS 3Y-10.97%
EPS 5Y5.86%
EPS Q2Q%0%
EPS Next Y3.29%
EPS Next 2Y6.33%
EPS Next 3Y6.47%
EPS Next 5YN/A
Revenue 1Y (TTM)14.02%
Revenue growth 3Y-3.24%
Revenue growth 5Y6.83%
Sales Q2Q%0%
Revenue Next Year5.49%
Revenue Next 2Y7.55%
Revenue Next 3Y-26.12%
Revenue Next 5YN/A
EBIT growth 1Y-7.96%
EBIT growth 3Y-12.14%
EBIT growth 5Y5.28%
EBIT Next Year9.08%
EBIT Next 3Y8.43%
EBIT Next 5YN/A
FCF growth 1Y21.77%
FCF growth 3Y0.59%
FCF growth 5Y5.77%
OCF growth 1Y15.91%
OCF growth 3Y0.47%
OCF growth 5Y4.73%