ARTISAN PARTNERS ASSET MA -A (APAM) Stock Fundamental Analysis
USA - NYSE:APAM - US04316A1088 - Common Stock
43.66 USD
+0.25 (+0.58%)
43.66 USD
0 (0%)
Taking everything into account, APAM scores 6 out of 10 in our fundamental rating. APAM was compared to 235 industry peers in the Capital Markets industry. APAM scores excellent on profitability, but there are some minor concerns on its financial health. APAM is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year APAM was profitable.
In the past year APAM had a positive cash flow from operations.
In the past 5 years APAM has always been profitable.
Each year in the past 5 years APAM had a positive operating cash flow.
1.2 Ratios
With an excellent Return On Assets value of 17.01%, APAM belongs to the best of the industry, outperforming 96.60% of the companies in the same industry.
APAM has a Return On Equity of 64.35%. This is amongst the best in the industry. APAM outperforms 98.72% of its industry peers.
With an excellent Return On Invested Capital value of 36.68%, APAM belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
APAM had an Average Return On Invested Capital over the past 3 years of 34.78%. This is significantly above the industry average of 7.61%.
The last Return On Invested Capital (36.68%) for APAM is above the 3 year average (34.78%), which is a sign of increasing profitability.
| 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
APAM has a Profit Margin of 21.62%. This is comparable to the rest of the industry: APAM outperforms 57.87% of its industry peers.
APAM's Profit Margin has improved in the last couple of years.
With a Operating Margin value of 32.44%, APAM perfoms like the industry average, outperforming 60.00% of the companies in the same industry.
APAM's Operating Margin has been stable in the last couple of years.
| 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
The number of shares outstanding for APAM has been increased compared to 1 year ago.
The number of shares outstanding for APAM has been increased compared to 5 years ago.
APAM has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 3.61 indicates that APAM is not in any danger for bankruptcy at the moment.
APAM's Altman-Z score of 3.61 is fine compared to the rest of the industry. APAM outperforms 79.57% 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.
Looking at the Debt to FCF ratio, with a value of 0.62, APAM belongs to the top of the industry, outperforming 91.91% 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 62.98% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.52 | ||
| Debt/FCF | 0.62 | ||
| Altman-Z | 3.61 |
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.
Looking at the Current ratio, with a value of 0.72, APAM is doing worse than 68.09% of the companies in the same industry.
APAM has a Quick Ratio of 0.72. This is a bad value and indicates that APAM is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.72, APAM is doing worse than 67.66% 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 been growing slightly by 5.07% over the past year.
Measured over the past 5 years, APAM shows a small growth in Earnings Per Share. The EPS has been growing by 5.86% on average per year.
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)5.07%
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 7.64% on average over the next years.
The Revenue is expected to grow by 6.68% on average over the next years.
EPS Next Y5.81%
EPS Next 2Y7.67%
EPS Next 3Y7.64%
EPS Next 5YN/A
Revenue Next Year6.55%
Revenue Next 2Y7.55%
Revenue Next 3Y6.68%
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 stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
APAM is valuated reasonably with a Price/Earnings ratio of 11.71.
62.98% of the companies in the same industry are more expensive than APAM, based on the Price/Earnings ratio.
APAM is valuated cheaply when we compare the Price/Earnings ratio to 26.10, which is the current average of the S&P500 Index.
APAM is valuated reasonably with a Price/Forward Earnings ratio of 10.61.
Compared to the rest of the industry, the Price/Forward Earnings ratio of APAM indicates a somewhat cheap valuation: APAM is cheaper than 66.38% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.52, APAM is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.71 | ||
| Fwd PE | 10.61 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, APAM is valued cheaply inside the industry as 88.09% of the companies are valued more expensively.
71.06% of the companies in the same industry are more expensive than APAM, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11 | ||
| EV/EBITDA | 8.96 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
APAM has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)2.02
PEG (5Y)2
EPS Next 2Y7.67%
EPS Next 3Y7.64%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 7.18%, APAM is a good candidate for dividend investing.
APAM's Dividend Yield is a higher than the industry average which is at 8.48.
Compared to an average S&P500 Dividend Yield of 2.35, APAM pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.18% |
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
APAM pays out 102.11% of its income as dividend. 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 2Y7.67%
EPS Next 3Y7.64%
43.66
+0.25 (+0.58%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners91.23%
Inst Owner Change-0.39%
Ins Owners2%
Ins Owner Change-1.75%
Market Cap3.52B
Revenue(TTM)1.11B
Net Income(TTM)245.71M
Analysts48.89
Price Target45.9 (5.13%)
Short Float %4.94%
Short Ratio8.61
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.18% |
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)-2.16%
PT rev (3m)0.84%
EPS NQ rev (1m)1.31%
EPS NQ rev (3m)4.68%
EPS NY rev (1m)1.31%
EPS NY rev (3m)7.68%
Revenue NQ rev (1m)1.42%
Revenue NQ rev (3m)2.85%
Revenue NY rev (1m)1.01%
Revenue NY rev (3m)4.6%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.71 | ||
| Fwd PE | 10.61 | ||
| P/S | 3.1 | ||
| P/FCF | 11 | ||
| P/OCF | 10.95 | ||
| P/B | 9.23 | ||
| P/tB | 9.23 | ||
| EV/EBITDA | 8.96 |
EPS(TTM)3.73
EY8.54%
EPS(NY)4.12
Fwd EY9.43%
FCF(TTM)3.97
FCFY9.09%
OCF(TTM)3.99
OCFY9.13%
SpS14.08
BVpS4.73
TBVpS4.73
PEG (NY)2.02
PEG (5Y)2
Graham Number19.93
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%
ROICexgc growth 3Y-25.48%
ROICexgc 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 | 3.61 |
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)5.07%
EPS 3Y-10.97%
EPS 5Y5.86%
EPS Q2Q%0%
EPS Next Y5.81%
EPS Next 2Y7.67%
EPS Next 3Y7.64%
EPS Next 5YN/A
Revenue 1Y (TTM)14.02%
Revenue growth 3Y-3.24%
Revenue growth 5Y6.83%
Sales Q2Q%0%
Revenue Next Year6.55%
Revenue Next 2Y7.55%
Revenue Next 3Y6.68%
Revenue Next 5YN/A
EBIT growth 1Y-7.96%
EBIT growth 3Y-12.14%
EBIT growth 5Y5.28%
EBIT Next Year9.32%
EBIT Next 3Y8.71%
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%
ARTISAN PARTNERS ASSET MA -A / APAM FAQ
What is the fundamental rating for APAM stock?
ChartMill assigns a fundamental rating of 6 / 10 to APAM.
What is the valuation status for APAM stock?
ChartMill assigns a valuation rating of 6 / 10 to ARTISAN PARTNERS ASSET MA -A (APAM). This can be considered as Fairly Valued.
What is the profitability of APAM stock?
ARTISAN PARTNERS ASSET MA -A (APAM) has a profitability rating of 7 / 10.
What are the PE and PB ratios of ARTISAN PARTNERS ASSET MA -A (APAM) stock?
The Price/Earnings (PE) ratio for ARTISAN PARTNERS ASSET MA -A (APAM) is 11.71 and the Price/Book (PB) ratio is 9.23.
What is the earnings growth outlook for ARTISAN PARTNERS ASSET MA -A?
The Earnings per Share (EPS) of ARTISAN PARTNERS ASSET MA -A (APAM) is expected to grow by 5.81% in the next year.