AMERISAFE INC (AMSF) Stock Fundamental Analysis
NASDAQ:AMSF - Nasdaq - US03071H1005 - Common Stock - Currency: USD
Taking everything into account, AMSF scores 4 out of 10 in our fundamental rating. AMSF was compared to 143 industry peers in the Insurance industry. AMSF has only an average score on both its financial health and profitability. AMSF has a expensive valuation and it also scores bad on growth.
1. Profitability
1.1 Basic Checks
AMSF had positive earnings in the past year.
In the past year AMSF had a positive cash flow from operations.
In the past 5 years AMSF has always been profitable.
Each year in the past 5 years AMSF had a positive operating cash flow.
1.2 Ratios
With an excellent Return On Assets value of 4.10%, AMSF belongs to the best of the industry, outperforming 81.82% of the companies in the same industry.
With an excellent Return On Equity value of 18.20%, AMSF belongs to the best of the industry, outperforming 85.31% of the companies in the same industry.
With a decent Return On Invested Capital value of 4.17%, AMSF is doing good in the industry, outperforming 76.92% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for AMSF is in line with the industry average of 4.04%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.1% | ||
| ROE | 18.2% | ||
| ROIC | 4.17% |
ROA(3y)4.74%
ROA(5y)4.96%
ROE(3y)20.1%
ROE(5y)19.3%
ROIC(3y)4.78%
ROIC(5y)4.81%
1.3 Margins
AMSF has a Profit Margin of 15.84%. This is amongst the best in the industry. AMSF outperforms 85.31% of its industry peers.
AMSF's Profit Margin has declined in the last couple of years.
AMSF has a better Operating Margin (19.34%) than 77.62% of its industry peers.
In the last couple of years the Operating Margin of AMSF has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 19.34% | ||
| PM (TTM) | 15.84% | ||
| GM | N/A |
OM growth 3Y-3.47%
OM growth 5Y-8.09%
PM growth 3Y-5.13%
PM growth 5Y-6.1%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so AMSF is destroying value.
The number of shares outstanding for AMSF has been reduced compared to 1 year ago.
The number of shares outstanding for AMSF has been reduced compared to 5 years ago.
The debt/assets ratio for AMSF has been reduced compared to a year ago.
2.2 Solvency
AMSF has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | N/A |
ROIC/WACC0.47
WACC8.86%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
The earnings per share for AMSF have decreased by -9.16% in the last year.
The earnings per share for AMSF have been decreasing by -11.34% on average. This is quite bad
The Revenue has decreased by -1.18% in the past year.
The Revenue has been decreasing by -3.91% on average over the past years.
EPS 1Y (TTM)-9.16%
EPS 3Y-3.68%
EPS 5Y-11.34%
EPS Q2Q%-8.62%
Revenue 1Y (TTM)-1.18%
Revenue growth 3Y-0.45%
Revenue growth 5Y-3.91%
Sales Q2Q%6.93%
3.2 Future
The Earnings Per Share is expected to decrease by -5.63% on average over the next years.
Based on estimates for the next years, AMSF will show a small growth in Revenue. The Revenue will grow by 1.94% on average per year.
EPS Next Y-7.94%
EPS Next 2Y-5.63%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-0.97%
Revenue Next 2Y1.94%
Revenue Next 3YN/A
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
AMSF is valuated rather expensively with a Price/Earnings ratio of 18.76.
Based on the Price/Earnings ratio, AMSF is valued a bit more expensive than 65.73% of the companies in the same industry.
AMSF's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.99.
The Price/Forward Earnings ratio is 19.89, which indicates a rather expensive current valuation of AMSF.
Based on the Price/Forward Earnings ratio, AMSF is valued a bit more expensive than 71.33% of the companies in the same industry.
AMSF is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 36.36, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.76 | ||
| Fwd PE | 19.89 |
4.2 Price Multiples
AMSF's Enterprise Value to EBITDA ratio is in line with the industry average.
Based on the Price/Free Cash Flow ratio, AMSF is valued a bit more expensive than 75.52% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 57.29 | ||
| EV/EBITDA | 13.72 |
4.3 Compensation for Growth
The decent profitability rating of AMSF may justify a higher PE ratio.
AMSF's earnings are expected to decrease with -5.63% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-5.63%
EPS Next 3YN/A
5. Dividend
5.1 Amount
AMSF has a Yearly Dividend Yield of 3.48%.
AMSF's Dividend Yield is a higher than the industry average which is at 3.37.
AMSF's Dividend Yield is a higher than the S&P500 average which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.48% |
5.2 History
The dividend of AMSF decreases each year by -0.15%.
AMSF has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-0.15%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
AMSF pays out 180.75% of its income as dividend. This is not a sustainable payout ratio.
The Dividend Rate of AMSF has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP180.75%
EPS Next 2Y-5.63%
EPS Next 3YN/A
NASDAQ:AMSF (8/7/2025, 3:43:32 PM)
44.64
-0.28 (-0.62%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)
Earnings (Next)
Inst Owners101.2%
Inst Owner Change-0.33%
Ins Owners1.28%
Ins Owner Change6.14%
Market Cap847.71M
Analysts76
Price Target57.46 (28.72%)
Short Float %1.09%
Short Ratio1.54
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.48% |
Yearly Dividend4.47
Dividend Growth(5Y)-0.15%
DP180.75%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.68%
Min EPS beat(2)-3.53%
Max EPS beat(2)4.89%
EPS beat(4)1
Avg EPS beat(4)-2.58%
Min EPS beat(4)-9.06%
Max EPS beat(4)4.89%
EPS beat(8)2
Avg EPS beat(8)-3.21%
EPS beat(12)4
Avg EPS beat(12)-0.94%
EPS beat(16)7
Avg EPS beat(16)-1.34%
Revenue beat(2)0
Avg Revenue beat(2)-6.75%
Min Revenue beat(2)-7.3%
Max Revenue beat(2)-6.19%
Revenue beat(4)2
Avg Revenue beat(4)-2.71%
Min Revenue beat(4)-7.3%
Max Revenue beat(4)2.43%
Revenue beat(8)3
Avg Revenue beat(8)-1.88%
Revenue beat(12)6
Avg Revenue beat(12)-0.44%
Revenue beat(16)7
Avg Revenue beat(16)-0.91%
PT rev (1m)0%
PT rev (3m)-2.31%
EPS NQ rev (1m)-1.64%
EPS NQ rev (3m)-3.88%
EPS NY rev (1m)0%
EPS NY rev (3m)-2.71%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.26%
Revenue NY rev (1m)0.38%
Revenue NY rev (3m)-1.25%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.76 | ||
| Fwd PE | 19.89 | ||
| P/S | 2.83 | ||
| P/FCF | 57.29 | ||
| P/OCF | 56.92 | ||
| P/B | 3.25 | ||
| P/tB | 3.25 | ||
| EV/EBITDA | 13.72 |
EPS(TTM)2.38
EY5.33%
EPS(NY)2.24
Fwd EY5.03%
FCF(TTM)0.78
FCFY1.75%
OCF(TTM)0.78
OCFY1.76%
SpS15.78
BVpS13.73
TBVpS13.73
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.1% | ||
| ROE | 18.2% | ||
| ROCE | 5.19% | ||
| ROIC | 4.17% | ||
| ROICexc | 4.34% | ||
| ROICexgc | 4.93% | ||
| OM | 19.34% | ||
| PM (TTM) | 15.84% | ||
| GM | N/A | ||
| FCFM | 4.94% |
ROA(3y)4.74%
ROA(5y)4.96%
ROE(3y)20.1%
ROE(5y)19.3%
ROIC(3y)4.78%
ROIC(5y)4.81%
ROICexc(3y)4.99%
ROICexc(5y)5.03%
ROICexgc(3y)5.72%
ROICexgc(5y)5.69%
ROCE(3y)5.96%
ROCE(5y)5.99%
ROICexcg growth 3Y2.96%
ROICexcg growth 5Y-5.98%
ROICexc growth 3Y2.27%
ROICexc growth 5Y-6.79%
OM growth 3Y-3.47%
OM growth 5Y-8.09%
PM growth 3Y-5.13%
PM growth 5Y-6.1%
GM growth 3YN/A
GM growth 5YN/A
F-Score4
Asset Turnover0.26
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 9.81% | ||
| Cap/Sales | 0.03% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 25.27% | ||
| Profit Quality | 31.18% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score4
WACC8.86%
ROIC/WACC0.47
Cap/Depr(3y)92.38%
Cap/Depr(5y)99.43%
Cap/Sales(3y)0.38%
Cap/Sales(5y)0.37%
Profit Quality(3y)45.41%
Profit Quality(5y)52.83%
High Growth Momentum
Growth
EPS 1Y (TTM)-9.16%
EPS 3Y-3.68%
EPS 5Y-11.34%
EPS Q2Q%-8.62%
EPS Next Y-7.94%
EPS Next 2Y-5.63%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-1.18%
Revenue growth 3Y-0.45%
Revenue growth 5Y-3.91%
Sales Q2Q%6.93%
Revenue Next Year-0.97%
Revenue Next 2Y1.94%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-19.39%
EBIT growth 3Y-3.9%
EBIT growth 5Y-11.68%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-54.89%
FCF growth 3Y-13.99%
FCF growth 5Y-21.39%
OCF growth 1Y-56.96%
OCF growth 3Y-13.98%
OCF growth 5Y-21.04%