AMERISAFE INC (AMSF) Fundamental Analysis & Valuation

NASDAQ:AMSF • US03071H1005

Current stock price

31.09 USD
+1.13 (+3.77%)
At close:
31.09 USD
0 (0%)
After Hours:

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

5

1. AMSF Profitability Analysis

1.1 Basic Checks

  • AMSF had positive earnings in the past year.
  • In the past year AMSF had a positive cash flow from operations.
  • AMSF had positive earnings in each of the past 5 years.
  • In the past 5 years AMSF always reported a positive cash flow from operatings.
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 2025 20M 40M 60M 80M 100M

1.2 Ratios

  • AMSF's Return On Assets of 4.17% is fine compared to the rest of the industry. AMSF outperforms 74.15% of its industry peers.
  • Looking at the Return On Equity, with a value of 18.74%, AMSF is in the better half of the industry, outperforming 78.91% of the companies in the same industry.
  • AMSF's Return On Invested Capital of 4.06% is fine compared to the rest of the industry. AMSF outperforms 65.31% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for AMSF is significantly below the industry average of 9.51%.
Industry RankSector Rank
ROA 4.17%
ROE 18.74%
ROIC 4.06%
ROA(3y)4.67%
ROA(5y)4.62%
ROE(3y)20.51%
ROE(5y)19.1%
ROIC(3y)4.49%
ROIC(5y)4.47%
AMSF Yearly ROA, ROE, ROICAMSF Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15 20

1.3 Margins

  • Looking at the Profit Margin, with a value of 15.04%, AMSF is in the better half of the industry, outperforming 74.83% of the companies in the same industry.
  • AMSF's Profit Margin has declined in the last couple of years.
  • Looking at the Operating Margin, with a value of 17.58%, AMSF is in the better half of the industry, outperforming 69.39% of the companies in the same industry.
  • In the last couple of years the Operating Margin of AMSF has declined.
Industry RankSector Rank
OM 17.58%
PM (TTM) 15.04%
GM N/A
OM growth 3Y-11.07%
OM growth 5Y-10.51%
PM growth 3Y-6.44%
PM growth 5Y-10.25%
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 2025 10 20 30

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4

2. AMSF Health Analysis

2.1 Basic Checks

  • AMSF has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • Compared to 1 year ago, AMSF has less shares outstanding
  • Compared to 5 years ago, AMSF has less shares outstanding
  • The debt/assets ratio for AMSF is higher compared to a year ago.
AMSF Yearly Shares OutstandingAMSF Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 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 2025 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/WACC0.45
WACC8.94%
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 2025 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 2025 10M 20M 30M 40M 50M

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

3

3. AMSF Growth Analysis

3.1 Past

  • The earnings per share for AMSF have decreased strongly by -13.99% in the last year.
  • The earnings per share for AMSF have been decreasing by -12.46% on average. This is quite bad
  • The Revenue has been growing slightly by 4.67% in the past year.
  • Measured over the past years, AMSF shows a decrease in Revenue. The Revenue has been decreasing by -1.33% on average per year.
EPS 1Y (TTM)-13.99%
EPS 3Y-10.65%
EPS 5Y-12.46%
EPS Q2Q%-16.67%
Revenue 1Y (TTM)4.67%
Revenue growth 3Y1.17%
Revenue growth 5Y-1.33%
Sales Q2Q%12.61%

3.2 Future

  • AMSF is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 0.04% yearly.
  • Based on estimates for the next years, AMSF will show a small growth in Revenue. The Revenue will grow by 6.40% on average per year.
EPS Next Y0.17%
EPS Next 2Y0.04%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year6.77%
Revenue Next 2Y6.4%
Revenue Next 3YN/A
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 accelerating.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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

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2

4. AMSF Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 14.88 indicates a correct valuation of AMSF.
  • Based on the Price/Earnings ratio, AMSF is valued a bit more expensive than the industry average as 63.95% of the companies are valued more cheaply.
  • When comparing the Price/Earnings ratio of AMSF to the average of the S&P500 Index (27.47), we can say AMSF is valued slightly cheaper.
  • Based on the Price/Forward Earnings ratio of 14.19, the valuation of AMSF can be described as correct.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of AMSF indicates a slightly more expensive valuation: AMSF is more expensive than 62.59% of the companies listed in the same industry.
  • AMSF's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.62.
Industry RankSector Rank
PE 14.88
Fwd PE 14.19
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

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as AMSF.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of AMSF indicates a slightly more expensive valuation: AMSF is more expensive than 74.83% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 65.48
EV/EBITDA 8.97
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)88.44
PEG (5Y)N/A
EPS Next 2Y0.04%
EPS Next 3YN/A

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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 4.95%, which is a nice return.
  • AMSF's Dividend Yield is rather good when compared to the industry average which is at 2.37. AMSF pays more dividend than 85.71% of the companies in the same industry.
  • AMSF's Dividend Yield is rather good when compared to the S&P500 average which is at 1.81.
Industry RankSector Rank
Dividend Yield 4.95%

5.2 History

  • The dividend of AMSF decreases each year by -11.00%.
  • AMSF has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-11%
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

  • 103.10% of the earnings are spent on dividend by AMSF. This is not a sustainable payout ratio.
DP103.1%
EPS Next 2Y0.04%
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 2025 20M 40M 60M 80M 100M
AMSF Dividend Payout.AMSF Dividend Payout, showing the Payout Ratio.AMSF Dividend Payout.PayoutRetained Earnings

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AMSF Fundamentals: All Metrics, Ratios and Statistics

AMERISAFE INC

NASDAQ:AMSF (4/23/2026, 4:30:01 PM)

After market: 31.09 0 (0%)

31.09

+1.13 (+3.77%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)04-22
Earnings (Next)N/A
Inst Owners100.43%
Inst Owner Change-46.53%
Ins Owners1.49%
Ins Owner Change4.91%
Market Cap584.18M
Revenue(TTM)313.53M
Net Income(TTM)47.15M
Analysts77.78
Price Target41.14 (32.33%)
Short Float %1.53%
Short Ratio1.37
Dividend
Industry RankSector Rank
Dividend Yield 4.95%
Yearly Dividend2.57
Dividend Growth(5Y)-11%
DP103.1%
Div Incr Years0
Div Non Decr Years0
Ex-Date03-13
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-10.1%
Min EPS beat(2)-15.97%
Max EPS beat(2)-4.22%
EPS beat(4)0
Avg EPS beat(4)-6.84%
Min EPS beat(4)-15.97%
Max EPS beat(4)-3.53%
EPS beat(8)1
Avg EPS beat(8)-4.75%
EPS beat(12)3
Avg EPS beat(12)-2.99%
EPS beat(16)5
Avg EPS beat(16)-0.83%
Revenue beat(2)1
Avg Revenue beat(2)1.12%
Min Revenue beat(2)-0.4%
Max Revenue beat(2)2.64%
Revenue beat(4)2
Avg Revenue beat(4)-0.55%
Min Revenue beat(4)-7.3%
Max Revenue beat(4)2.84%
Revenue beat(8)5
Avg Revenue beat(8)-0.1%
Revenue beat(12)6
Avg Revenue beat(12)-0.56%
Revenue beat(16)9
Avg Revenue beat(16)0.08%
PT rev (1m)-19.33%
PT rev (3m)-18.24%
EPS NQ rev (1m)-1.51%
EPS NQ rev (3m)2.2%
EPS NY rev (1m)-1.16%
EPS NY rev (3m)-2.98%
Revenue NQ rev (1m)0.64%
Revenue NQ rev (3m)2.3%
Revenue NY rev (1m)0.37%
Revenue NY rev (3m)2.2%
Valuation
Industry RankSector Rank
PE 14.88
Fwd PE 14.19
P/S 1.86
P/FCF 65.48
P/OCF 52.77
P/B 2.32
P/tB 2.32
EV/EBITDA 8.97
EPS(TTM)2.09
EY6.72%
EPS(NY)2.19
Fwd EY7.05%
FCF(TTM)0.47
FCFY1.53%
OCF(TTM)0.59
OCFY1.89%
SpS16.69
BVpS13.39
TBVpS13.39
PEG (NY)88.44
PEG (5Y)N/A
Graham Number25.0931 (-19.29%)
Profitability
Industry RankSector Rank
ROA 4.17%
ROE 18.74%
ROCE 5.06%
ROIC 4.06%
ROICexc 4.3%
ROICexgc 4.89%
OM 17.58%
PM (TTM) 15.04%
GM N/A
FCFM 2.85%
ROA(3y)4.67%
ROA(5y)4.62%
ROE(3y)20.51%
ROE(5y)19.1%
ROIC(3y)4.49%
ROIC(5y)4.47%
ROICexc(3y)4.69%
ROICexc(5y)4.68%
ROICexgc(3y)5.37%
ROICexgc(5y)5.34%
ROCE(3y)5.6%
ROCE(5y)5.57%
ROICexgc growth 3Y-6.28%
ROICexgc growth 5Y-5.87%
ROICexc growth 3Y-6.06%
ROICexc growth 5Y-6.47%
OM growth 3Y-11.07%
OM growth 5Y-10.51%
PM growth 3Y-6.44%
PM growth 5Y-10.25%
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.28
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Debt/EBITDA 0
Cap/Depr 289.49%
Cap/Sales 0.69%
Interest Coverage 250
Cash Conversion 19.81%
Profit Quality 18.92%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score6
WACC8.94%
ROIC/WACC0.45
Cap/Depr(3y)135.03%
Cap/Depr(5y)139.33%
Cap/Sales(3y)0.38%
Cap/Sales(5y)0.45%
Profit Quality(3y)36.07%
Profit Quality(5y)42.18%
High Growth Momentum
Growth
EPS 1Y (TTM)-13.99%
EPS 3Y-10.65%
EPS 5Y-12.46%
EPS Q2Q%-16.67%
EPS Next Y0.17%
EPS Next 2Y0.04%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)4.67%
Revenue growth 3Y1.17%
Revenue growth 5Y-1.33%
Sales Q2Q%12.61%
Revenue Next Year6.77%
Revenue Next 2Y6.4%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-7.42%
EBIT growth 3Y-10.03%
EBIT growth 5Y-11.7%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-61.79%
FCF growth 3Y-30.08%
FCF growth 5Y-32.25%
OCF growth 1Y-54.24%
OCF growth 3Y-26.78%
OCF growth 5Y-29.46%

AMERISAFE INC / AMSF Fundamental Analysis 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.


Can you provide the profitability details for AMERISAFE INC?

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.


What is the expected EPS growth for AMERISAFE INC (AMSF) stock?

The Earnings per Share (EPS) of AMERISAFE INC (AMSF) is expected to grow by 0.17% in the next year.