ARTISAN PARTNERS ASSET MA -A (APAM) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:APAM - US04316A1088 - Common Stock
41.41 USD
+0.67 (+1.64%)
41.41 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. While APAM belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. APAM has a decent growth rate and is not valued too expensively.
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.
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
With an excellent Return On Assets value of 15.18%, APAM belongs to the best of the industry, outperforming 95.32% of the companies in the same industry.
The Return On Equity of APAM (59.73%) is better than 99.15% of its industry peers.
APAM's Return On Invested Capital of 34.16% is amongst the best of the industry. APAM outperforms 99.57% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for APAM is significantly above the industry average of 7.13%.
| 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's Profit Margin of 20.73% is in line compared to the rest of the industry. APAM outperforms 58.72% of its industry peers.
APAM's Profit Margin has improved in the last couple of years.
With a decent Operating Margin value of 32.57%, APAM is doing good in the industry, outperforming 62.98% 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 | 32.57% | ||
| 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
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
An Altman-Z score of 3.19 indicates that APAM is not in any danger for bankruptcy at the moment.
APAM has a Altman-Z score of 3.19. This is in the better half of the industry: APAM outperforms 77.45% 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.
Looking at the Debt to FCF ratio, with a value of 0.76, APAM belongs to the top of the industry, outperforming 89.79% of the companies in the same industry.
A Debt/Equity ratio of 0.47 indicates that APAM is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.47, APAM is in the better half of the industry, outperforming 66.81% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.47 | ||
| Debt/FCF | 0.76 | ||
| Altman-Z | 3.19 |
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 worse Current ratio (0.70) than 66.38% of its industry peers.
A Quick Ratio of 0.70 indicates that APAM may have some problems paying its short term obligations.
With a Quick ratio value of 0.70, APAM is not doing good in the industry: 65.96% of the companies in the same industry are doing better.
| 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.
APAM shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 5.86% yearly.
The Revenue has grown by 14.02% in the past year. This is quite good.
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 6.89% on average over the next years.
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
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 11.10, which indicates a very decent valuation of APAM.
Based on the Price/Earnings ratio, APAM is valued a bit cheaper than the industry average as 65.53% of the companies are valued more expensively.
APAM is valuated cheaply when we compare the Price/Earnings ratio to 26.60, which is the current average of the S&P500 Index.
APAM is valuated reasonably with a Price/Forward Earnings ratio of 9.93.
APAM's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. APAM is cheaper than 74.89% of the companies in the same industry.
APAM is valuated cheaply when we compare the Price/Forward Earnings ratio to 23.23, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.1 | ||
| Fwd PE | 9.93 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, APAM is valued cheaper than 90.21% 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 70.21% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.44 | ||
| EV/EBITDA | 8.1 |
4.3 Compensation for Growth
APAM's 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)1.41
PEG (5Y)1.89
EPS Next 2Y8.37%
EPS Next 3Y6.89%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 7.50%, APAM is a good candidate for dividend investing.
APAM's Dividend Yield is a higher than the industry average which is at 6.65.
APAM's Dividend Yield is rather good when compared to the S&P500 average which is at 2.00.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.5% |
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.
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 2Y8.37%
EPS Next 3Y6.89%
41.41
+0.67 (+1.64%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners94.47%
Inst Owner Change1.67%
Ins Owners2%
Ins Owner Change-0.15%
Market Cap3.34B
Revenue(TTM)1.11B
Net Income(TTM)240.14M
Analysts48.89
Price Target46.16 (11.47%)
Short Float %5.22%
Short Ratio7.5
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.5% |
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)-1.09%
PT rev (3m)-2.16%
EPS NQ rev (1m)-1.15%
EPS NQ rev (3m)5.65%
EPS NY rev (1m)-0.27%
EPS NY rev (3m)3.3%
Revenue NQ rev (1m)-1.17%
Revenue NQ rev (3m)3.73%
Revenue NY rev (1m)-0.33%
Revenue NY rev (3m)1.09%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.1 | ||
| Fwd PE | 9.93 | ||
| P/S | 2.89 | ||
| P/FCF | 13.44 | ||
| P/OCF | 13.4 | ||
| P/B | 8.31 | ||
| P/tB | 8.31 | ||
| EV/EBITDA | 8.1 |
EPS(TTM)3.73
EY9.01%
EPS(NY)4.17
Fwd EY10.07%
FCF(TTM)3.08
FCFY7.44%
OCF(TTM)3.09
OCFY7.46%
SpS14.35
BVpS4.98
TBVpS4.98
PEG (NY)1.41
PEG (5Y)1.89
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 | 3.19 |
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 11.1 and the Price/Book (PB) ratio is 8.31.
Can you provide the financial health for APAM stock?
The financial health rating of ARTISAN PARTNERS ASSET MA -A (APAM) is 5 / 10.