ARTISAN PARTNERS ASSET MA -A (APAM)
US04316A1088 - Common Stock
APAM gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 218 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.
In the past year APAM had a positive cash flow from operations.
APAM had positive earnings in each of the past 5 years.
Each year in the past 5 years APAM had a positive operating cash flow.
1.2 Ratios
APAM has a Return On Assets of 17.87%. This is amongst the best in the industry. APAM outperforms 97.21% of its industry peers.
The Return On Equity of APAM (77.35%) is better than 99.07% of its industry peers.
Looking at the Return On Invested Capital, with a value of 36.30%, APAM belongs to the top of the industry, outperforming 98.60% 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 17.41%.
The last Return On Invested Capital (36.30%) for APAM is well below the 3 year average (47.74%), which needs to be investigated, but indicates that APAM had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 17.87% | ||
| ROE | 77.35% | ||
| ROIC | 36.3% |
ROA(3y)18.18%
ROA(5y)17.1%
ROE(3y)81.02%
ROE(5y)89.96%
ROIC(3y)47.74%
ROIC(5y)52%
1.3 Margins
APAM's Profit Margin of 21.67% is in line compared to the rest of the industry. APAM outperforms 60.00% of its industry peers.
In the last couple of years the Profit Margin of APAM has grown nicely.
With a Operating Margin value of 30.99%, APAM perfoms like the industry average, outperforming 53.49% of the companies in the same industry.
In the last couple of years the Operating Margin of APAM has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 30.99% | ||
| PM (TTM) | 21.67% | ||
| GM | N/A |
OM growth 3Y-7.96%
OM growth 5Y-3.29%
PM growth 3Y-0.46%
PM growth 5Y4.37%
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.
The debt/assets ratio for APAM has been reduced compared to a year ago.
2.2 Solvency
APAM has an Altman-Z score of 3.52. This indicates that APAM is financially healthy and has little risk of bankruptcy at the moment.
APAM has a better Altman-Z score (3.52) than 80.93% of its industry peers.
APAM has a debt to FCF ratio of 0.63. This is a very positive value and a sign of high solvency as it would only need 0.63 years to pay back of all of its debts.
With an excellent Debt to FCF ratio value of 0.63, APAM belongs to the best of the industry, outperforming 88.37% of the companies in the same industry.
APAM has a Debt/Equity ratio of 0.54. This is a neutral value indicating APAM is somewhat dependend on debt financing.
APAM's Debt to Equity ratio of 0.54 is fine compared to the rest of the industry. APAM outperforms 67.91% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.54 | ||
| Debt/FCF | 0.63 | ||
| Altman-Z | 3.52 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 0.62 indicates that APAM may have some problems paying its short term obligations.
With a Current ratio value of 0.62, APAM is not doing good in the industry: 70.70% of the companies in the same industry are doing better.
APAM has a Quick Ratio of 0.62. 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 Quick ratio of 0.62 is on the low side compared to the rest of the industry. APAM is outperformed by 70.70% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.62 | ||
| Quick Ratio | 0.62 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 13.89% over the past year.
APAM shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -0.41% yearly.
Looking at the last year, APAM shows a decrease in Revenue. The Revenue has decreased by -1.83% in the last year.
APAM shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 3.31% yearly.
EPS 1Y (TTM)13.89%
EPS 3Y-4.72%
EPS 5Y-0.41%
EPS Q2Q%0%
Revenue 1Y (TTM)-1.83%
Revenue growth 3Y2.73%
Revenue growth 5Y3.31%
Sales Q2Q%N/A
3.2 Future
The Earnings Per Share is expected to grow by 12.37% on average over the next years. This is quite good.
APAM is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 10.27% yearly.
EPS Next Y21.74%
EPS Next 2Y14.9%
EPS Next 3Y12.37%
EPS Next 5YN/A
Revenue Next Year13.66%
Revenue Next 2Y11.41%
Revenue Next 3Y10.27%
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 14.29, APAM is valued correctly.
APAM's Price/Earnings ratio is in line with the industry average.
APAM's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 29.20.
Based on the Price/Forward Earnings ratio of 12.33, the valuation of APAM can be described as correct.
APAM's Price/Forward Earnings ratio is in line with the industry average.
APAM is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 23.84, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.29 | ||
| Fwd PE | 12.33 |
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 89.77% 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 66.98% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.95 | ||
| EV/EBITDA | 9.18 |
4.3 Compensation for Growth
APAM's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
APAM has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as APAM's earnings are expected to grow with 12.37% in the coming years.
PEG (NY)0.66
PEG (5Y)N/A
EPS Next 2Y14.9%
EPS Next 3Y12.37%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.86%, APAM is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 8.83, APAM has a dividend in line with its industry peers.
APAM's Dividend Yield is rather good when compared to the S&P500 average which is at 2.21.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.86% |
5.2 History
The dividend of APAM has a limited annual growth rate of 0.87%.
APAM has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)0.87%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
72.60% 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.
DP72.6%
EPS Next 2Y14.9%
EPS Next 3Y12.37%
ARTISAN PARTNERS ASSET MA -A
NYSE:APAM (11/12/2024, 5:02:05 PM)
After market: 46.88 0 (0%)46.88
-2.29 (-4.66%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap3.77B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.86% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
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Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.29 | ||
| Fwd PE | 12.33 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)0.66
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 17.87% | ||
| ROE | 77.35% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 30.99% | ||
| PM (TTM) | 21.67% | ||
| GM | N/A | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.82
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.54 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.62 | ||
| Quick Ratio | 0.62 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)13.89%
EPS 3Y-4.72%
EPS 5Y
EPS Q2Q%
EPS Next Y21.74%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-1.83%
Revenue growth 3Y2.73%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y