ARTISAN PARTNERS ASSET MA -A (APAM) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:APAM - US04316A1088 - Common Stock
42.64 USD
+0.23 (+0.54%)
42.64 USD
0 (0%)
Overall APAM gets a fundamental rating of 6 out of 10. We evaluated APAM against 238 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 is valued quite cheap, while showing a decent growth score. This is a good combination! These ratings would make APAM suitable for value investing!
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.
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
The Return On Assets of APAM (15.18%) is better than 95.80% 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.
APAM has a Return On Invested Capital of 34.16%. This is amongst the best in the industry. APAM outperforms 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 6.95%.
| 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
With a Profit Margin value of 20.73%, APAM perfoms like the industry average, outperforming 56.72% of the companies in the same industry.
In the last couple of years the Profit Margin of APAM has grown nicely.
APAM has a better Operating Margin (32.57%) than 63.45% 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
Compared to 1 year ago, APAM has more shares outstanding
Compared to 5 years ago, APAM has more shares outstanding
The debt/assets ratio for APAM has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 3.25 indicates that APAM is not in any danger for bankruptcy at the moment.
APAM's Altman-Z score of 3.25 is fine compared to the rest of the industry. APAM outperforms 75.63% 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 90.34% of its industry peers.
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 64.29% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.47 | ||
| Debt/FCF | 0.76 | ||
| Altman-Z | 3.25 |
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 68.91% of its industry peers.
A Quick Ratio of 0.70 indicates that APAM may have some problems paying its short term obligations.
APAM has a worse Quick ratio (0.70) than 68.49% of its industry peers.
| 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.
APAM shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 14.02%.
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
Based on estimates for the next years, APAM will show a small growth in Earnings Per Share. The EPS will grow by 7.43% on average per year.
The Revenue is expected to grow by 7.25% on average over the next years.
EPS Next Y8.18%
EPS Next 2Y8.87%
EPS Next 3Y7.43%
EPS Next 5YN/A
Revenue Next Year6.99%
Revenue Next 2Y7.46%
Revenue Next 3Y7.25%
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.
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
A Price/Earnings ratio of 11.43 indicates a reasonable valuation of APAM.
65.55% of the companies in the same industry are more expensive than APAM, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 26.46. APAM is valued rather cheaply when compared to this.
With a Price/Forward Earnings ratio of 10.13, the valuation of APAM can be described as very reasonable.
Based on the Price/Forward Earnings ratio, APAM is valued a bit cheaper than the industry average as 72.27% of the companies are valued more expensively.
APAM's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 36.10.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.43 | ||
| Fwd PE | 10.13 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, APAM is valued cheaper than 89.92% of the companies in the same industry.
65.55% 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 | 13.84 | ||
| EV/EBITDA | 8.45 |
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)1.4
PEG (5Y)1.95
EPS Next 2Y8.87%
EPS Next 3Y7.43%
5. Dividend
5.1 Amount
APAM has a Yearly Dividend Yield of 7.48%, which is a nice return.
APAM's Dividend Yield is a higher than the industry average which is at 8.39.
APAM's Dividend Yield is rather good when compared to the S&P500 average which is at 2.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.48% |
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 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 2Y8.87%
EPS Next 3Y7.43%
42.64
+0.23 (+0.54%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners91.23%
Inst Owner Change1.67%
Ins Owners2%
Ins Owner Change-1.35%
Market Cap3.44B
Revenue(TTM)1.11B
Net Income(TTM)240.14M
Analysts48.89
Price Target46.67 (9.45%)
Short Float %5.02%
Short Ratio8.4
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.48% |
Yearly Dividend2.77
Dividend Growth(5Y)2.62%
DP105.2%
Div Incr Years1
Div Non Decr Years1
Ex-Date
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)1.67%
PT rev (3m)0.27%
EPS NQ rev (1m)2.92%
EPS NQ rev (3m)6.88%
EPS NY rev (1m)2.24%
EPS NY rev (3m)4.73%
Revenue NQ rev (1m)2.59%
Revenue NQ rev (3m)4.95%
Revenue NY rev (1m)0.42%
Revenue NY rev (3m)1.43%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.43 | ||
| Fwd PE | 10.13 | ||
| P/S | 2.97 | ||
| P/FCF | 13.84 | ||
| P/OCF | 13.8 | ||
| P/B | 8.56 | ||
| P/tB | 8.56 | ||
| EV/EBITDA | 8.45 |
EPS(TTM)3.73
EY8.75%
EPS(NY)4.21
Fwd EY9.87%
FCF(TTM)3.08
FCFY7.22%
OCF(TTM)3.09
OCFY7.25%
SpS14.35
BVpS4.98
TBVpS4.98
PEG (NY)1.4
PEG (5Y)1.95
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 | 3.25 |
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 Y8.18%
EPS Next 2Y8.87%
EPS Next 3Y7.43%
EPS Next 5YN/A
Revenue 1Y (TTM)14.02%
Revenue growth 3Y-3.24%
Revenue growth 5Y6.83%
Sales Q2Q%0%
Revenue Next Year6.99%
Revenue Next 2Y7.46%
Revenue Next 3Y7.25%
Revenue Next 5YN/A
EBIT growth 1Y-8.32%
EBIT growth 3Y-12.14%
EBIT growth 5Y5.28%
EBIT Next Year9.32%
EBIT Next 3Y8.71%
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 for APAM stock?
ChartMill assigns a valuation rating of 7 / 10 to ARTISAN PARTNERS ASSET MA -A (APAM). This can be considered as Undervalued.
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 11.43 and the Price/Book (PB) ratio is 8.56.
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 8.18% in the next year.