ARTISAN PARTNERS ASSET MA -A (APAM) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:APAM - US04316A1088 - Common Stock
43.81 USD
+0.2 (+0.46%)
43.81 USD
0 (0%)
Overall APAM gets a fundamental rating of 6 out of 10. We evaluated APAM against 237 industry peers in the Capital Markets industry. APAM scores excellent on profitability, but 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
- In the past year APAM was profitable.
- In the past year APAM had a positive cash flow from operations.
- Each year in the past 5 years APAM has been profitable.
- In the past 5 years APAM always reported a positive cash flow from operatings.
1.2 Ratios
- APAM has a Return On Assets of 15.18%. This is amongst the best in the industry. APAM outperforms 94.94% of its industry peers.
- APAM has a Return On Equity of 59.73%. This is amongst the best in the industry. APAM outperforms 99.16% of its industry peers.
- The Return On Invested Capital of APAM (34.16%) is better than 99.58% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for APAM is significantly above the industry average of 7.27%.
| 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 55.27% of its industry peers.
- APAM's Profit Margin has improved in the last couple of years.
- APAM has a Operating Margin of 32.57%. This is in the better half of the industry: APAM outperforms 62.45% 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
- APAM has more shares outstanding than it did 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 3.30 indicates that APAM is not in any danger for bankruptcy at the moment.
- APAM's Altman-Z score of 3.30 is fine compared to the rest of the industry. APAM outperforms 77.64% of its industry peers.
- APAM has a debt to FCF ratio of 0.76. This is a very positive value and a sign of high solvency as it would only need 0.76 years to pay back of all of its debts.
- APAM has a better Debt to FCF ratio (0.76) than 89.87% of its industry peers.
- A Debt/Equity ratio of 0.47 indicates that APAM is not too dependend on debt financing.
- With a decent Debt to Equity ratio value of 0.47, APAM is doing good in the industry, outperforming 65.40% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.47 | ||
| Debt/FCF | 0.76 | ||
| Altman-Z | 3.3 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
- A Current Ratio of 0.70 indicates that APAM may have some problems paying its short term obligations.
- APAM has a Current ratio of 0.70. This is in the lower half of the industry: APAM underperforms 66.24% of its industry peers.
- A Quick Ratio of 0.70 indicates that APAM may have some problems paying its short term obligations.
- Looking at the Quick ratio, with a value of 0.70, APAM is doing worse than 65.82% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.7 | ||
| Quick Ratio | 0.7 |
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.
- Looking at the last year, APAM shows a quite strong growth in Revenue. The Revenue has grown by 14.02% in the last year.
- The Revenue has been growing slightly by 6.83% on average over the past years.
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 7.08% on average over the next years.
- Based on estimates for the next years, APAM will show a small growth in Revenue. The Revenue will grow by 6.91% on average per year.
EPS Next Y7.67%
EPS Next 2Y8.11%
EPS Next 3Y7.08%
EPS Next 5YN/A
Revenue Next Year6.81%
Revenue Next 2Y7.01%
Revenue Next 3Y6.91%
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
- A Price/Earnings ratio of 11.75 indicates a reasonable valuation of APAM.
- Based on the Price/Earnings ratio, APAM is valued a bit cheaper than the industry average as 61.18% of the companies are valued more expensively.
- When comparing the Price/Earnings ratio of APAM to the average of the S&P500 Index (28.87), we can say APAM is valued rather cheaply.
- APAM is valuated reasonably with a Price/Forward Earnings ratio of 10.56.
- Based on the Price/Forward Earnings ratio, APAM is valued a bit cheaper than 71.31% of the companies in the same industry.
- Compared to an average S&P500 Price/Forward Earnings ratio of 25.96, APAM is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.75 | ||
| Fwd PE | 10.56 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, APAM is valued cheaper than 89.87% 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 71.73% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.22 | ||
| EV/EBITDA | 8.7 |
4.3 Compensation for Growth
- APAM's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
- APAM has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)1.53
PEG (5Y)2
EPS Next 2Y8.11%
EPS Next 3Y7.08%
5. Dividend
5.1 Amount
- APAM has a Yearly Dividend Yield of 7.12%, which is a nice return.
- Compared to an average industry Dividend Yield of 5.87, APAM pays a bit more dividend than its industry peers.
- Compared to an average S&P500 Dividend Yield of 1.82, APAM pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.12% |
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.
- APAM has decreased its dividend 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 2Y8.11%
EPS Next 3Y7.08%
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 11.75 and the Price/Book (PB) ratio is 8.79.
Can you provide the financial health for APAM stock?
The financial health rating of ARTISAN PARTNERS ASSET MA -A (APAM) is 5 / 10.