ARTISAN PARTNERS ASSET MA -A (APAM) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:APAM - US04316A1088 - Common Stock
41.6 USD
+0.44 (+1.07%)
41.6 USD
0 (0%)
APAM gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 237 industry peers in the Capital Markets industry. While APAM has a great profitability rating, there are some minor concerns on its financial health. A decent growth rate in combination with a cheap valuation! Better keep an eye on APAM. This makes APAM very considerable for value investing!
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.
Each year in the past 5 years APAM has been profitable.
APAM had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
APAM has a better Return On Assets (15.18%) than 95.78% of its industry peers.
Looking at the Return On Equity, with a value of 59.73%, APAM belongs to the top of the industry, outperforming 99.16% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 34.16%, APAM belongs to the top of the industry, outperforming 99.58% of the companies in the same industry.
APAM had an Average Return On Invested Capital over the past 3 years of 34.78%. This is significantly above the industry average of 6.96%.
| 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 (20.73%) which is comparable to the rest of the industry.
In the last couple of years the Profit Margin of APAM has grown nicely.
APAM has a Operating Margin of 32.57%. This is in the better half of the industry: APAM outperforms 63.29% 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
APAM has more shares outstanding than it did 5 years ago.
APAM has a better debt/assets ratio than last year.
2.2 Solvency
APAM has an Altman-Z score of 3.20. This indicates that APAM is financially healthy and has little risk of bankruptcy at the moment.
APAM has a Altman-Z score of 3.20. This is in the better half of the industry: APAM outperforms 76.79% 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.
The Debt to FCF ratio of APAM (0.76) is better than 90.30% 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.
Looking at the Debt to Equity ratio, with a value of 0.47, APAM is in the better half of the industry, outperforming 64.56% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.47 | ||
| Debt/FCF | 0.76 | ||
| Altman-Z | 3.2 |
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.
The Current ratio of APAM (0.70) is worse than 68.78% of its industry peers.
A Quick Ratio of 0.70 indicates that APAM may have some problems paying its short term obligations.
APAM's Quick ratio of 0.70 is on the low side compared to the rest of the industry. APAM is outperformed by 68.35% 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
APAM is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 7.43% yearly.
APAM is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.25% yearly.
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
APAM is valuated reasonably with a Price/Earnings ratio of 11.15.
Based on the Price/Earnings ratio, APAM is valued a bit cheaper than 64.98% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 25.98, APAM is valued rather cheaply.
A Price/Forward Earnings ratio of 9.89 indicates a reasonable valuation of APAM.
Based on the Price/Forward Earnings ratio, APAM is valued a bit cheaper than the industry average as 70.04% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 35.79. APAM is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.15 | ||
| Fwd PE | 9.89 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, APAM is valued cheaper than 89.03% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of APAM indicates a somewhat cheap valuation: APAM is cheaper than 65.40% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.51 | ||
| EV/EBITDA | 8.19 |
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)1.36
PEG (5Y)1.9
EPS Next 2Y8.87%
EPS Next 3Y7.43%
5. Dividend
5.1 Amount
APAM has a Yearly Dividend Yield of 7.74%, which is a nice return.
Compared to an average industry Dividend Yield of 8.60, APAM pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.41, APAM pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.74% |
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
105.20% of the earnings are spent on dividend by APAM. This is not a sustainable payout ratio.
The dividend of APAM is growing, but earnings are growing more, so the dividend growth is sustainable.
DP105.2%
EPS Next 2Y8.87%
EPS Next 3Y7.43%
41.6
+0.44 (+1.07%)
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 Cap3.36B
Revenue(TTM)1.11B
Net Income(TTM)240.14M
Analysts48.89
Price Target46.67 (12.19%)
Short Float %4.75%
Short Ratio7.88
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.74% |
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)1.1%
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 | 11.15 | ||
| Fwd PE | 9.89 | ||
| P/S | 2.9 | ||
| P/FCF | 13.51 | ||
| P/OCF | 13.46 | ||
| P/B | 8.35 | ||
| P/tB | 8.35 | ||
| EV/EBITDA | 8.19 |
EPS(TTM)3.73
EY8.97%
EPS(NY)4.21
Fwd EY10.11%
FCF(TTM)3.08
FCFY7.4%
OCF(TTM)3.09
OCFY7.43%
SpS14.35
BVpS4.98
TBVpS4.98
PEG (NY)1.36
PEG (5Y)1.9
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 | 3.2 |
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 11.15 and the Price/Book (PB) ratio is 8.35.
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.