ARTISAN PARTNERS ASSET MA -A (APAM) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:APAM - US04316A1088 - Common Stock
42.88 USD
-1.11 (-2.52%)
43.4563 USD
+0.58 (+1.34%)
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 has an excellent profitability rating, 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
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.
In the past 5 years APAM always reported a positive cash flow from operatings.
1.2 Ratios
APAM has a better Return On Assets (15.18%) than 95.32% of its industry peers.
With an excellent Return On Equity value of 59.73%, APAM belongs to the best of the industry, outperforming 99.15% of the companies in the same industry.
With an excellent Return On Invested Capital value of 34.16%, APAM belongs to the best of the industry, outperforming 99.57% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for APAM is significantly above the industry average of 7.17%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 15.18% | ||
| ROE | 59.73% | ||
| ROIC | 34.16% |
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 20.73%. This is comparable to the rest of the industry: APAM outperforms 58.72% of its industry peers.
In the last couple of years the Profit Margin of APAM has grown nicely.
APAM's Operating Margin of 32.57% is fine compared to the rest of the industry. APAM outperforms 62.98% of its industry peers.
APAM's Operating Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 32.57% | ||
| PM (TTM) | 20.73% | ||
| 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
Compared to 1 year ago, APAM has more shares outstanding
The number of shares outstanding for APAM has been increased compared to 5 years ago.
The debt/assets ratio for APAM has been reduced compared to a year ago.
2.2 Solvency
APAM has an Altman-Z score of 3.32. This indicates that APAM is financially healthy and has little risk of bankruptcy at the moment.
APAM has a Altman-Z score of 3.32. This is in the better half of the industry: APAM outperforms 77.87% of its industry peers.
The Debt to FCF ratio of APAM is 0.76, which is an excellent value as it means it would take APAM, only 0.76 years of fcf income to pay off all of its debts.
APAM's Debt to FCF ratio of 0.76 is amongst the best of the industry. APAM outperforms 89.79% of its industry peers.
APAM has a Debt/Equity ratio of 0.47. This is a healthy value indicating a solid balance between debt and equity.
APAM has a better Debt to Equity ratio (0.47) than 66.81% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.47 | ||
| Debt/FCF | 0.76 | ||
| Altman-Z | 3.32 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
APAM has a Current Ratio of 0.70. This is a bad value and indicates that APAM is not financially healthy enough and could expect problems in meeting its short term obligations.
APAM's Current ratio of 0.70 is on the low side compared to the rest of the industry. APAM is outperformed by 65.96% of its industry peers.
APAM has a Quick Ratio of 0.70. This is a bad value and indicates that APAM is not financially healthy enough and could expect problems in meeting its short term obligations.
APAM has a Quick ratio of 0.70. This is in the lower half of the industry: APAM underperforms 65.53% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.7 | ||
| Quick Ratio | 0.7 |
3. Growth
3.1 Past
APAM shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 5.07%.
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
Based on estimates for the next years, APAM will show a small growth in Earnings Per Share. The EPS will grow by 6.89% on average per year.
APAM is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.66% yearly.
EPS Next Y7.89%
EPS Next 2Y8.37%
EPS Next 3Y6.89%
EPS Next 5YN/A
Revenue Next Year6.64%
Revenue Next 2Y6.6%
Revenue Next 3Y6.66%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
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
With a Price/Earnings ratio of 11.50, the valuation of APAM can be described as very reasonable.
63.83% of the companies in the same industry are more expensive than APAM, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of APAM to the average of the S&P500 Index (27.30), we can say APAM is valued rather cheaply.
APAM is valuated reasonably with a Price/Forward Earnings ratio of 10.28.
Based on the Price/Forward Earnings ratio, APAM is valued a bit cheaper than 71.06% of the companies in the same industry.
APAM is valuated cheaply when we compare the Price/Forward Earnings ratio to 24.04, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.5 | ||
| Fwd PE | 10.28 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of APAM indicates a rather cheap valuation: APAM is cheaper than 90.21% of the companies listed in the same industry.
APAM's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. APAM is cheaper than 69.79% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.92 | ||
| EV/EBITDA | 8.78 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The decent profitability rating of APAM may justify a higher PE ratio.
PEG (NY)1.46
PEG (5Y)1.96
EPS Next 2Y8.37%
EPS Next 3Y6.89%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 7.19%, APAM is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 6.19, APAM pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 1.92, APAM pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.19% |
5.2 History
The dividend of APAM has a limited annual growth rate of 2.62%.
APAM has paid a dividend for at least 10 years, which is 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 105.20% 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.
DP105.2%
EPS Next 2Y8.37%
EPS Next 3Y6.89%
42.88
-1.11 (-2.52%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners94.36%
Inst Owner Change0%
Ins Owners2%
Ins Owner Change-0.15%
Market Cap3.46B
Revenue(TTM)1.11B
Net Income(TTM)240.14M
Analysts48.89
Price Target46.16 (7.65%)
Short Float %5.22%
Short Ratio7.5
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.19% |
Yearly Dividend2.77
Dividend Growth(5Y)2.62%
DP105.2%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)1.93%
Min EPS beat(2)0.77%
Max EPS beat(2)3.09%
EPS beat(4)4
Avg EPS beat(4)4.95%
Min EPS beat(4)0.77%
Max EPS beat(4)8.14%
EPS beat(8)6
Avg EPS beat(8)1.96%
EPS beat(12)8
Avg EPS beat(12)1.19%
EPS beat(16)9
Avg EPS beat(16)-0.13%
Revenue beat(2)0
Avg Revenue beat(2)-2.48%
Min Revenue beat(2)-2.95%
Max Revenue beat(2)-2.01%
Revenue beat(4)0
Avg Revenue beat(4)-2.11%
Min Revenue beat(4)-2.95%
Max Revenue beat(4)-0.52%
Revenue beat(8)0
Avg Revenue beat(8)-2.47%
Revenue beat(12)0
Avg Revenue beat(12)-2.12%
Revenue beat(16)1
Avg Revenue beat(16)-2.28%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)4.88%
EPS NY rev (1m)0%
EPS NY rev (3m)3.3%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)2.55%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.67%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.5 | ||
| Fwd PE | 10.28 | ||
| P/S | 2.99 | ||
| P/FCF | 13.92 | ||
| P/OCF | 13.87 | ||
| P/B | 8.61 | ||
| P/tB | 8.61 | ||
| EV/EBITDA | 8.78 |
EPS(TTM)3.73
EY8.7%
EPS(NY)4.17
Fwd EY9.72%
FCF(TTM)3.08
FCFY7.18%
OCF(TTM)3.09
OCFY7.21%
SpS14.35
BVpS4.98
TBVpS4.98
PEG (NY)1.46
PEG (5Y)1.96
Graham Number20.45
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 15.18% | ||
| ROE | 59.73% | ||
| ROCE | 42.53% | ||
| ROIC | 34.16% | ||
| ROICexc | 55.61% | ||
| ROICexgc | 55.61% | ||
| OM | 32.57% | ||
| PM (TTM) | 20.73% | ||
| GM | N/A | ||
| FCFM | 21.46% |
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 Turnover0.73
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.47 | ||
| Debt/FCF | 0.76 | ||
| Debt/EBITDA | 0.49 | ||
| Cap/Depr | 8.43% | ||
| Cap/Sales | 0.07% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 64.46% | ||
| Profit Quality | 103.53% | ||
| Current Ratio | 0.7 | ||
| Quick Ratio | 0.7 | ||
| Altman-Z | 3.32 |
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 Y7.89%
EPS Next 2Y8.37%
EPS Next 3Y6.89%
EPS Next 5YN/A
Revenue 1Y (TTM)14.02%
Revenue growth 3Y-3.24%
Revenue growth 5Y6.83%
Sales Q2Q%0%
Revenue Next Year6.64%
Revenue Next 2Y6.6%
Revenue Next 3Y6.66%
Revenue Next 5YN/A
EBIT growth 1Y-8.32%
EBIT growth 3Y-12.14%
EBIT growth 5Y5.28%
EBIT Next Year10.95%
EBIT Next 3Y8.42%
EBIT Next 5YN/A
FCF growth 1Y-2.34%
FCF growth 3Y0.59%
FCF growth 5Y5.77%
OCF growth 1Y-5.56%
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 of ARTISAN PARTNERS ASSET MA -A (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.
Can you provide the PE and PB ratios for APAM stock?
The Price/Earnings (PE) ratio for ARTISAN PARTNERS ASSET MA -A (APAM) is 11.5 and the Price/Book (PB) ratio is 8.61.
Can you provide the financial health for APAM stock?
The financial health rating of ARTISAN PARTNERS ASSET MA -A (APAM) is 5 / 10.