ARTISAN PARTNERS ASSET MA -A (APAM) Stock Fundamental Analysis
USA - NYSE:APAM - US04316A1088 - Common Stock
44.63 USD
+0.98 (+2.25%)
44.63 USD
0 (0%)
Overall APAM gets a fundamental rating of 6 out of 10. We evaluated APAM against 237 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 has a correct valuation and a medium growth rate.
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.
APAM had positive earnings in each of the past 5 years.
APAM had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
APAM has a better Return On Assets (17.01%) than 96.62% of its industry peers.
APAM has a better Return On Equity (64.35%) than 98.73% of its industry peers.
APAM's Return On Invested Capital of 36.68% is amongst the best of the industry. APAM outperforms 100.00% of its industry peers.
The Average Return On Invested Capital over the past 3 years for APAM is significantly above the industry average of 7.63%.
The last Return On Invested Capital (36.68%) for APAM is above the 3 year average (34.78%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 17.01% | ||
| ROE | 64.35% | ||
| ROIC | 36.68% |
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 (21.62%) which is in line with its industry peers.
In the last couple of years the Profit Margin of APAM has grown nicely.
APAM has a Operating Margin of 32.44%. This is comparable to the rest of the industry: APAM outperforms 59.92% of its industry peers.
APAM's Operating Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 32.44% | ||
| PM (TTM) | 21.62% | ||
| 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
APAM has more shares outstanding than it did 1 year ago.
The number of shares outstanding for APAM has been increased compared to 5 years ago.
APAM has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 3.62 indicates that APAM is not in any danger for bankruptcy at the moment.
APAM's Altman-Z score of 3.62 is amongst the best of the industry. APAM outperforms 80.17% of its industry peers.
The Debt to FCF ratio of APAM is 0.62, which is an excellent value as it means it would take APAM, only 0.62 years of fcf income to pay off all of its debts.
With an excellent Debt to FCF ratio value of 0.62, APAM belongs to the best of the industry, outperforming 91.98% of the companies in the same industry.
A Debt/Equity ratio of 0.52 indicates that APAM is somewhat dependend on debt financing.
APAM has a Debt to Equity ratio of 0.52. This is in the better half of the industry: APAM outperforms 63.71% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.52 | ||
| Debt/FCF | 0.62 | ||
| Altman-Z | 3.62 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
APAM has a Current Ratio of 0.72. 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 has a Current ratio of 0.72. This is in the lower half of the industry: APAM underperforms 69.20% of its industry peers.
APAM has a Quick Ratio of 0.72. 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 Quick ratio of 0.72 is on the low side compared to the rest of the industry. APAM is outperformed by 68.78% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.72 | ||
| Quick Ratio | 0.72 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 5.07% over the past year.
Measured over the past 5 years, APAM shows a small growth in Earnings Per Share. The EPS has been growing by 5.86% on average per year.
Looking at the last year, APAM shows a quite strong growth in Revenue. The Revenue has grown by 14.02% in the last year.
Measured over the past years, APAM shows a small growth in Revenue. The Revenue has been growing by 6.83% on average per year.
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.
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.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 11.97, the valuation of APAM can be described as reasonable.
Based on the Price/Earnings ratio, APAM is valued a bit cheaper than 62.87% of the companies in the same industry.
When comparing the Price/Earnings ratio of APAM to the average of the S&P500 Index (26.13), we can say APAM is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 10.61, the valuation of APAM can be described as reasonable.
66.24% of the companies in the same industry are more expensive than APAM, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.35, APAM is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.97 | ||
| Fwd PE | 10.61 |
4.2 Price Multiples
87.76% of the companies in the same industry are more expensive than APAM, based on the Enterprise Value to EBITDA ratio.
APAM's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. APAM is cheaper than 70.46% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.24 | ||
| EV/EBITDA | 9.01 |
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)1.46
PEG (5Y)2.04
EPS Next 2Y8.87%
EPS Next 3Y7.43%
5. Dividend
5.1 Amount
APAM has a Yearly Dividend Yield of 7.17%, which is a nice return.
Compared to an average industry Dividend Yield of 8.57, APAM pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.39, APAM pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.17% |
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.
APAM has decreased its dividend recently.
Dividend Growth(5Y)2.62%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
APAM pays out 102.11% of its income as dividend. This is not a sustainable payout ratio.
The dividend of APAM is growing, but earnings are growing more, so the dividend growth is sustainable.
DP102.11%
EPS Next 2Y8.87%
EPS Next 3Y7.43%
44.63
+0.98 (+2.25%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners91.23%
Inst Owner Change-0.95%
Ins Owners2%
Ins Owner Change-1.75%
Market Cap3.60B
Revenue(TTM)1.11B
Net Income(TTM)245.71M
Analysts48.89
Price Target45.9 (2.85%)
Short Float %4.94%
Short Ratio8.61
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.17% |
Yearly Dividend2.77
Dividend Growth(5Y)2.62%
DP102.11%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)4.45%
Min EPS beat(2)0.77%
Max EPS beat(2)8.14%
EPS beat(4)4
Avg EPS beat(4)4.3%
Min EPS beat(4)0.5%
Max EPS beat(4)8.14%
EPS beat(8)5
Avg EPS beat(8)1.45%
EPS beat(12)8
Avg EPS beat(12)0.99%
EPS beat(16)8
Avg EPS beat(16)-0.38%
Revenue beat(2)0
Avg Revenue beat(2)-2.48%
Min Revenue beat(2)-2.94%
Max Revenue beat(2)-2.01%
Revenue beat(4)0
Avg Revenue beat(4)-1.87%
Min Revenue beat(4)-2.94%
Max Revenue beat(4)-0.52%
Revenue beat(8)0
Avg Revenue beat(8)-2.17%
Revenue beat(12)1
Avg Revenue beat(12)-1.85%
Revenue beat(16)1
Avg Revenue beat(16)-2.18%
PT rev (1m)-2.7%
PT rev (3m)0.28%
EPS NQ rev (1m)1.57%
EPS NQ rev (3m)1.39%
EPS NY rev (1m)1.31%
EPS NY rev (3m)7.68%
Revenue NQ rev (1m)1.32%
Revenue NQ rev (3m)1.61%
Revenue NY rev (1m)0.58%
Revenue NY rev (3m)1.43%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.97 | ||
| Fwd PE | 10.61 | ||
| P/S | 3.17 | ||
| P/FCF | 11.24 | ||
| P/OCF | 11.19 | ||
| P/B | 9.43 | ||
| P/tB | 9.43 | ||
| EV/EBITDA | 9.01 |
EPS(TTM)3.73
EY8.36%
EPS(NY)4.21
Fwd EY9.43%
FCF(TTM)3.97
FCFY8.9%
OCF(TTM)3.99
OCFY8.93%
SpS14.08
BVpS4.73
TBVpS4.73
PEG (NY)1.46
PEG (5Y)2.04
Graham Number19.93
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 17.01% | ||
| ROE | 64.35% | ||
| ROCE | 45.67% | ||
| ROIC | 36.68% | ||
| ROICexc | 59.75% | ||
| ROICexgc | 59.75% | ||
| OM | 32.44% | ||
| PM (TTM) | 21.62% | ||
| GM | N/A | ||
| FCFM | 28.2% |
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 Turnover0.79
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.52 | ||
| Debt/FCF | 0.62 | ||
| Debt/EBITDA | 0.53 | ||
| Cap/Depr | 12.73% | ||
| Cap/Sales | 0.11% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 84.97% | ||
| Profit Quality | 130.44% | ||
| Current Ratio | 0.72 | ||
| Quick Ratio | 0.72 | ||
| Altman-Z | 3.62 |
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-7.96%
EBIT growth 3Y-12.14%
EBIT growth 5Y5.28%
EBIT Next Year9.32%
EBIT Next 3Y8.71%
EBIT Next 5YN/A
FCF growth 1Y21.77%
FCF growth 3Y0.59%
FCF growth 5Y5.77%
OCF growth 1Y15.91%
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 6 / 10 to ARTISAN PARTNERS ASSET MA -A (APAM). This can be considered as Fairly Valued.
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 11.97 and the Price/Book (PB) ratio is 9.43.
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.