AMERISAFE INC (AMSF) Fundamental Analysis & Valuation

NASDAQ:AMSF • US03071H1005

32.99 USD
-0.58 (-1.73%)
At close: Mar 10, 2026
32.99 USD
0 (0%)
After Hours: 3/10/2026, 4:30:01 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This AMSF fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

4

Overall AMSF gets a fundamental rating of 4 out of 10. We evaluated AMSF against 149 industry peers in the Insurance industry. AMSF has an average financial health and profitability rating. AMSF is valued expensive and it does not seem to be growing.


Dividend Valuation Growth Profitability Health

5

1. AMSF Profitability Analysis

1.1 Basic Checks

  • In the past year AMSF was profitable.
  • In the past year AMSF had a positive cash flow from operations.
  • Of the past 5 years AMSF 4 years were profitable.
  • Of the past 5 years AMSF 4 years had a positive operating cash flow.
AMSF Yearly Net Income VS EBIT VS OCF VS FCFAMSF Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M

1.2 Ratios

  • Looking at the Return On Assets, with a value of 4.28%, AMSF is in the better half of the industry, outperforming 76.51% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of 18.17%, AMSF belongs to the top of the industry, outperforming 80.54% of the companies in the same industry.
  • AMSF's Return On Invested Capital of 4.22% is fine compared to the rest of the industry. AMSF outperforms 68.46% of its industry peers.
  • AMSF had an Average Return On Invested Capital over the past 3 years of 4.78%. This is significantly below the industry average of 15.25%.
Industry RankSector Rank
ROA 4.28%
ROE 18.17%
ROIC 4.22%
ROA(3y)4.74%
ROA(5y)4.96%
ROE(3y)20.1%
ROE(5y)19.3%
ROIC(3y)4.78%
ROIC(5y)4.81%
AMSF Yearly ROA, ROE, ROICAMSF Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20

1.3 Margins

  • AMSF's Profit Margin of 16.31% is amongst the best of the industry. AMSF outperforms 80.54% of its industry peers.
  • AMSF's Profit Margin has declined in the last couple of years.
  • The Operating Margin of AMSF (19.35%) is better than 73.15% of its industry peers.
  • AMSF's Operating Margin has declined in the last couple of years.
Industry RankSector Rank
OM 19.35%
PM (TTM) 16.31%
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
AMSF Yearly Profit, Operating, Gross MarginsAMSF Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

4

2. AMSF Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so AMSF is destroying value.
  • There is no outstanding debt for AMSF. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
AMSF Yearly Shares OutstandingAMSF Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M
AMSF Yearly Total Debt VS Total AssetsAMSF Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B

2.2 Solvency

  • There is no outstanding debt for AMSF. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Altman-Z N/A
ROIC/WACC0.48
WACC8.76%
AMSF Yearly LT Debt VS Equity VS FCFAMSF Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
AMSF Yearly Current Assets VS Current LiabilitesAMSF Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M 50M

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

2

3. AMSF Growth Analysis

3.1 Past

  • The earnings per share for AMSF have decreased strongly by -13.10% in the last year.
  • The earnings per share for AMSF have been decreasing by -12.46% on average. This is quite bad
EPS 1Y (TTM)-13.1%
EPS 3Y-10.65%
EPS 5Y-12.46%
EPS Q2Q%-23.88%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%10.21%

3.2 Future

  • The Earnings Per Share is expected to grow by 1.75% on average over the next years.
  • The Revenue is expected to grow by 6.36% on average over the next years.
EPS Next Y1.35%
EPS Next 2Y1.75%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year6.38%
Revenue Next 2Y6.36%
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.
AMSF Yearly Revenue VS EstimatesAMSF Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 100M 200M 300M 400M
AMSF Yearly EPS VS EstimatesAMSF Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 1 2 3 4

More info and screens

Find the best growth stocksShow best growing peers

2

4. AMSF Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 15.06, the valuation of AMSF can be described as correct.
  • Compared to the rest of the industry, the Price/Earnings ratio of AMSF indicates a slightly more expensive valuation: AMSF is more expensive than 64.43% of the companies listed in the same industry.
  • When comparing the Price/Earnings ratio of AMSF to the average of the S&P500 Index (26.25), we can say AMSF is valued slightly cheaper.
  • AMSF is valuated correctly with a Price/Forward Earnings ratio of 14.86.
  • Based on the Price/Forward Earnings ratio, AMSF is valued a bit more expensive than 63.76% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 24.39. AMSF is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 15.06
Fwd PE 14.86
AMSF Price Earnings VS Forward Price EarningsAMSF Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • AMSF's Enterprise Value to EBITDA is on the same level as the industry average.
  • 73.15% of the companies in the same industry are cheaper than AMSF, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 66.76
EV/EBITDA 9.59
AMSF Per share dataAMSF EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates AMSF does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)11.18
PEG (5Y)N/A
EPS Next 2Y1.75%
EPS Next 3YN/A

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. AMSF Dividend Analysis

5.1 Amount

  • AMSF has a Yearly Dividend Yield of 4.73%, which is a nice return.
  • AMSF's Dividend Yield is a higher than the industry average which is at 2.89.
  • AMSF's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 4.73%

5.2 History

  • The dividend of AMSF decreases each year by -0.15%.
  • AMSF has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)-0.15%
Div Incr Years0
Div Non Decr Years0
AMSF Yearly Dividends per shareAMSF Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3 4 5

5.3 Sustainability

  • 173.45% of the earnings are spent on dividend by AMSF. This is not a sustainable payout ratio.
DP173.45%
EPS Next 2Y1.75%
EPS Next 3YN/A
AMSF Yearly Income VS Free CF VS DividendAMSF Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M
AMSF Dividend Payout.AMSF Dividend Payout, showing the Payout Ratio.AMSF Dividend Payout.PayoutRetained Earnings

More info and screens

Find the best dividend stocksShow peers with best dividend

AMSF Fundamentals: All Metrics, Ratios and Statistics

AMERISAFE INC

NASDAQ:AMSF (3/10/2026, 4:30:01 PM)

After market: 32.99 0 (0%)

32.99

-0.58 (-1.73%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)02-25
Earnings (Next)04-27
Inst Owners99.47%
Inst Owner Change-0.94%
Ins Owners1.33%
Ins Owner Change0.34%
Market Cap619.88M
Revenue(TTM)N/A
Net Income(TTM)49.92M
Analysts77.78
Price Target51 (54.59%)
Short Float %2.04%
Short Ratio2.28
Dividend
Industry RankSector Rank
Dividend Yield 4.73%
Yearly Dividend4.47
Dividend Growth(5Y)-0.15%
DP173.45%
Div Incr Years0
Div Non Decr Years0
Ex-Date03-13
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-3.93%
Min EPS beat(2)-4.22%
Max EPS beat(2)-3.64%
EPS beat(4)1
Avg EPS beat(4)-1.63%
Min EPS beat(4)-4.22%
Max EPS beat(4)4.89%
EPS beat(8)2
Avg EPS beat(8)-2.43%
EPS beat(12)4
Avg EPS beat(12)-1.11%
EPS beat(16)5
Avg EPS beat(16)-6.08%
Revenue beat(2)2
Avg Revenue beat(2)2.74%
Min Revenue beat(2)2.64%
Max Revenue beat(2)2.84%
Revenue beat(4)2
Avg Revenue beat(4)-2%
Min Revenue beat(4)-7.3%
Max Revenue beat(4)2.84%
Revenue beat(8)5
Avg Revenue beat(8)-0.32%
Revenue beat(12)6
Avg Revenue beat(12)-0.71%
Revenue beat(16)9
Avg Revenue beat(16)-0.08%
PT rev (1m)0%
PT rev (3m)1.35%
EPS NQ rev (1m)0%
EPS NQ rev (3m)2%
EPS NY rev (1m)0%
EPS NY rev (3m)0.52%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 15.06
Fwd PE 14.86
P/S 2.03
P/FCF 66.76
P/OCF 54.98
P/B 2.26
P/tB 2.26
EV/EBITDA 9.59
EPS(TTM)2.19
EY6.64%
EPS(NY)2.22
Fwd EY6.73%
FCF(TTM)0.49
FCFY1.5%
OCF(TTM)0.6
OCFY1.82%
SpS16.28
BVpS14.62
TBVpS14.62
PEG (NY)11.18
PEG (5Y)N/A
Graham Number26.84
Profitability
Industry RankSector Rank
ROA 4.28%
ROE 18.17%
ROCE 5.26%
ROIC 4.22%
ROICexc 4.44%
ROICexgc 5.05%
OM 19.35%
PM (TTM) 16.31%
GM N/A
FCFM 3.03%
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%
ROICexgc growth 3Y2.96%
ROICexgc 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-Score5
Asset Turnover0.26
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Debt/EBITDA 0
Cap/Depr 234%
Cap/Sales 0.65%
Interest Coverage 250
Cash Conversion 18.77%
Profit Quality 18.6%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score5
WACC8.76%
ROIC/WACC0.48
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)-13.1%
EPS 3Y-10.65%
EPS 5Y-12.46%
EPS Q2Q%-23.88%
EPS Next Y1.35%
EPS Next 2Y1.75%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%10.21%
Revenue Next Year6.38%
Revenue Next 2Y6.36%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-5.28%
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-46.33%
FCF growth 3Y-13.99%
FCF growth 5Y-21.39%
OCF growth 1Y-37.37%
OCF growth 3Y-13.98%
OCF growth 5Y-21.04%

AMERISAFE INC / AMSF FAQ

What is the fundamental rating for AMSF stock?

ChartMill assigns a fundamental rating of 4 / 10 to AMSF.


What is the valuation status for AMSF stock?

ChartMill assigns a valuation rating of 2 / 10 to AMERISAFE INC (AMSF). This can be considered as Overvalued.


How profitable is AMERISAFE INC (AMSF) stock?

AMERISAFE INC (AMSF) has a profitability rating of 5 / 10.


Can you provide the financial health for AMSF stock?

The financial health rating of AMERISAFE INC (AMSF) is 4 / 10.


Can you provide the dividend sustainability for AMSF stock?

The dividend rating of AMERISAFE INC (AMSF) is 5 / 10 and the dividend payout ratio is 173.45%.