ARTISAN PARTNERS ASSET MA -A (APAM) Fundamental Analysis & Valuation

NYSE:APAM • US04316A1088

Current stock price

35.96 USD
-1.87 (-4.94%)
Last:

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

7

1. APAM Profitability Analysis

1.1 Basic Checks

  • In the past year APAM was profitable.
  • APAM had a positive operating cash flow in the past year.
  • In the past 5 years APAM has always been profitable.
  • In the past 5 years APAM always reported a positive cash flow from operatings.
APAM Yearly Net Income VS EBIT VS OCF VS FCFAPAM 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 100M 200M 300M 400M 500M

1.2 Ratios

  • APAM's Return On Assets of 16.70% is amongst the best of the industry. APAM outperforms 91.63% of its industry peers.
  • Looking at the Return On Equity, with a value of 60.02%, APAM belongs to the top of the industry, outperforming 98.74% of the companies in the same industry.
  • APAM's Return On Invested Capital of 32.63% is amongst the best of the industry. APAM outperforms 99.58% of its industry peers.
  • APAM had an Average Return On Invested Capital over the past 3 years of 30.91%. This is significantly above the industry average of 7.30%.
  • The last Return On Invested Capital (32.63%) for APAM is above the 3 year average (30.91%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 16.7%
ROE 60.02%
ROIC 32.63%
ROA(3y)15.31%
ROA(5y)17.22%
ROE(3y)61.36%
ROE(5y)72.94%
ROIC(3y)30.91%
ROIC(5y)40.88%
APAM Yearly ROA, ROE, ROICAPAM Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60 80 100

1.3 Margins

  • The Profit Margin of APAM (22.01%) is comparable to the rest of the industry.
  • In the last couple of years the Profit Margin of APAM has remained more or less at the same level.
  • APAM has a Operating Margin of 33.39%. This is in the better half of the industry: APAM outperforms 62.34% of its industry peers.
  • In the last couple of years the Operating Margin of APAM has declined.
Industry RankSector Rank
OM 33.39%
PM (TTM) 22.01%
GM N/A
OM growth 3Y-1.22%
OM growth 5Y-3.51%
PM growth 3Y6.26%
PM growth 5Y1.09%
GM growth 3YN/A
GM growth 5YN/A
APAM Yearly Profit, Operating, Gross MarginsAPAM Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40

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5

2. APAM Health Analysis

2.1 Basic Checks

  • Compared to 1 year ago, APAM has more shares outstanding
  • Compared to 5 years ago, APAM has more shares outstanding
  • Compared to 1 year ago, APAM has an improved debt to assets ratio.
APAM Yearly Shares OutstandingAPAM Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M
APAM Yearly Total Debt VS Total AssetsAPAM 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

  • APAM has an Altman-Z score of 3.26. This indicates that APAM is financially healthy and has little risk of bankruptcy at the moment.
  • APAM has a Altman-Z score of 3.26. This is in the better half of the industry: APAM outperforms 77.41% of its industry peers.
  • APAM has a debt to FCF ratio of 1.41. This is a very positive value and a sign of high solvency as it would only need 1.41 years to pay back of all of its debts.
  • The Debt to FCF ratio of APAM (1.41) is better than 86.61% of its industry peers.
  • APAM has a Debt/Equity ratio of 0.43. This is a healthy value indicating a solid balance between debt and equity.
  • APAM's Debt to Equity ratio of 0.43 is fine compared to the rest of the industry. APAM outperforms 68.20% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.43
Debt/FCF 1.41
Altman-Z 3.26
ROIC/WACCN/A
WACCN/A
APAM Yearly LT Debt VS Equity VS FCFAPAM 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

  • A Current Ratio of 0.73 indicates that APAM may have some problems paying its short term obligations.
  • APAM's Current ratio of 0.73 is on the low side compared to the rest of the industry. APAM is outperformed by 68.62% of its industry peers.
  • A Quick Ratio of 0.73 indicates that APAM may have some problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 0.73, APAM is doing worse than 68.20% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.73
Quick Ratio 0.73
APAM Yearly Current Assets VS Current LiabilitesAPAM Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M

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

4

3. APAM Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an nice 9.94% over the past year.
  • The Earnings Per Share has been growing slightly by 3.42% on average over the past years.
  • Looking at the last year, APAM shows a small growth in Revenue. The Revenue has grown by 7.63% in the last year.
  • Measured over the past years, APAM shows a small growth in Revenue. The Revenue has been growing by 5.87% on average per year.
EPS 1Y (TTM)9.94%
EPS 3Y8.09%
EPS 5Y3.42%
EPS Q2Q%4.82%
Revenue 1Y (TTM)7.63%
Revenue growth 3Y6.41%
Revenue growth 5Y5.87%
Sales Q2Q%9.35%

3.2 Future

  • APAM is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 3.64% yearly.
  • APAM is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.20% yearly.
EPS Next Y6.66%
EPS Next 2Y5.51%
EPS Next 3Y3.64%
EPS Next 5YN/A
Revenue Next Year4.88%
Revenue Next 2Y4.96%
Revenue Next 3Y4.2%
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is stable: in the next years the growth will be about the same 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 decreasing.
APAM Yearly Revenue VS EstimatesAPAM Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 200M 400M 600M 800M 1B
APAM Yearly EPS VS EstimatesAPAM Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 1 2 3 4 5

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6

4. APAM Valuation Analysis

4.1 Price/Earnings Ratio

  • APAM is valuated reasonably with a Price/Earnings ratio of 9.04.
  • Based on the Price/Earnings ratio, APAM is valued a bit cheaper than 69.87% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 26.91, APAM is valued rather cheaply.
  • APAM is valuated reasonably with a Price/Forward Earnings ratio of 8.20.
  • Based on the Price/Forward Earnings ratio, APAM is valued a bit cheaper than the industry average as 77.82% of the companies are valued more expensively.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 21.99, APAM is valued rather cheaply.
Industry RankSector Rank
PE 9.04
Fwd PE 8.2
APAM Price Earnings VS Forward Price EarningsAPAM Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of APAM indicates a rather cheap valuation: APAM is cheaper than 89.54% of the companies listed in the same industry.
  • APAM's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 21.57
EV/EBITDA 7.29
APAM Per share dataAPAM EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10

4.3 Compensation for Growth

  • The 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)2.64
EPS Next 2Y5.51%
EPS Next 3Y3.64%

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

5

5. APAM Dividend Analysis

5.1 Amount

  • APAM has a Yearly Dividend Yield of 8.96%, which is a nice return.
  • Compared to an average industry Dividend Yield of 6.53, APAM pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.82, APAM pays a better dividend.
Industry RankSector Rank
Dividend Yield 8.96%

5.2 History

  • The dividend of APAM has a limited annual growth rate of 4.22%.
  • APAM has been paying a dividend for at least 10 years, so it has a reliable track record.
  • The dividend of APAM decreased in the last 3 years.
Dividend Growth(5Y)4.22%
Div Incr Years2
Div Non Decr Years2
APAM Yearly Dividends per shareAPAM Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3 4

5.3 Sustainability

  • 97.61% of the earnings are spent on dividend by APAM. This is not a sustainable payout ratio.
  • The dividend of APAM is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP97.61%
EPS Next 2Y5.51%
EPS Next 3Y3.64%
APAM Yearly Income VS Free CF VS DividendAPAM Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M
APAM Dividend Payout.APAM Dividend Payout, showing the Payout Ratio.APAM Dividend Payout.PayoutRetained Earnings

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APAM Fundamentals: All Metrics, Ratios and Statistics

ARTISAN PARTNERS ASSET MA -A

NYSE:APAM (4/29/2026, 11:21:04 AM)

35.96

-1.87 (-4.94%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Industry Strength27.95
Industry Growth53.42
Earnings (Last)04-28
Earnings (Next)N/A
Inst Owners94.77%
Inst Owner Change0.37%
Ins Owners2.22%
Ins Owner Change11.19%
Market Cap2.90B
Revenue(TTM)1.20B
Net Income(TTM)263.40M
Analysts48.89
Price Target40.8 (13.46%)
Short Float %6.69%
Short Ratio5.88
Dividend
Industry RankSector Rank
Dividend Yield 8.96%
Yearly Dividend3.19
Dividend Growth(5Y)4.22%
DP97.61%
Div Incr Years2
Div Non Decr Years2
Ex-Date02-13
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)8.47%
Min EPS beat(2)3.09%
Max EPS beat(2)13.85%
EPS beat(4)4
Avg EPS beat(4)6.46%
Min EPS beat(4)0.77%
Max EPS beat(4)13.85%
EPS beat(8)6
Avg EPS beat(8)3.22%
EPS beat(12)8
Avg EPS beat(12)2.16%
EPS beat(16)10
Avg EPS beat(16)0.79%
Revenue beat(2)1
Avg Revenue beat(2)-0.69%
Min Revenue beat(2)-2.95%
Max Revenue beat(2)1.57%
Revenue beat(4)1
Avg Revenue beat(4)-1.58%
Min Revenue beat(4)-2.95%
Max Revenue beat(4)1.57%
Revenue beat(8)1
Avg Revenue beat(8)-2.05%
Revenue beat(12)1
Avg Revenue beat(12)-1.94%
Revenue beat(16)2
Avg Revenue beat(16)-2.06%
PT rev (1m)-4.68%
PT rev (3m)-9.94%
EPS NQ rev (1m)-0.53%
EPS NQ rev (3m)1.26%
EPS NY rev (1m)0%
EPS NY rev (3m)1.29%
Revenue NQ rev (1m)-0.85%
Revenue NQ rev (3m)-0.77%
Revenue NY rev (1m)-1.48%
Revenue NY rev (3m)-2.01%
Valuation
Industry RankSector Rank
PE 9.04
Fwd PE 8.2
P/S 2.42
P/FCF 21.57
P/OCF 21.47
P/B 6.6
P/tB 6.6
EV/EBITDA 7.29
EPS(TTM)3.98
EY11.07%
EPS(NY)4.39
Fwd EY12.2%
FCF(TTM)1.67
FCFY4.64%
OCF(TTM)1.68
OCFY4.66%
SpS14.85
BVpS5.45
TBVpS5.45
PEG (NY)1.36
PEG (5Y)2.64
Graham Number22.0821 (-38.59%)
Profitability
Industry RankSector Rank
ROA 16.7%
ROE 60.02%
ROCE 41.1%
ROIC 32.63%
ROICexc 44.27%
ROICexgc 44.56%
OM 33.39%
PM (TTM) 22.01%
GM N/A
FCFM 11.22%
ROA(3y)15.31%
ROA(5y)17.22%
ROE(3y)61.36%
ROE(5y)72.94%
ROIC(3y)30.91%
ROIC(5y)40.88%
ROICexc(3y)41.51%
ROICexc(5y)56.21%
ROICexgc(3y)41.81%
ROICexgc(5y)56.86%
ROCE(3y)38.92%
ROCE(5y)51.48%
ROICexgc growth 3Y-7.4%
ROICexgc growth 5Y-14.41%
ROICexc growth 3Y-7.33%
ROICexc growth 5Y-14.12%
OM growth 3Y-1.22%
OM growth 5Y-3.51%
PM growth 3Y6.26%
PM growth 5Y1.09%
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0.76
Health
Industry RankSector Rank
Debt/Equity 0.43
Debt/FCF 1.41
Debt/EBITDA 0.46
Cap/Depr 7.22%
Cap/Sales 0.06%
Interest Coverage 51.22
Cash Conversion 33.01%
Profit Quality 51%
Current Ratio 0.73
Quick Ratio 0.73
Altman-Z 3.26
F-Score5
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)49.24%
Cap/Depr(5y)96.93%
Cap/Sales(3y)0.46%
Cap/Sales(5y)0.76%
Profit Quality(3y)107.43%
Profit Quality(5y)119.77%
High Growth Momentum
Growth
EPS 1Y (TTM)9.94%
EPS 3Y8.09%
EPS 5Y3.42%
EPS Q2Q%4.82%
EPS Next Y6.66%
EPS Next 2Y5.51%
EPS Next 3Y3.64%
EPS Next 5YN/A
Revenue 1Y (TTM)7.63%
Revenue growth 3Y6.41%
Revenue growth 5Y5.87%
Sales Q2Q%9.35%
Revenue Next Year4.88%
Revenue Next 2Y4.96%
Revenue Next 3Y4.2%
Revenue Next 5YN/A
EBIT growth 1Y-10.05%
EBIT growth 3Y5.11%
EBIT growth 5Y2.15%
EBIT Next Year12.82%
EBIT Next 3Y8.53%
EBIT Next 5YN/A
FCF growth 1Y-63.11%
FCF growth 3Y-22.9%
FCF growth 5Y-15.7%
OCF growth 1Y-63.4%
OCF growth 3Y-24.41%
OCF growth 5Y-15.78%

ARTISAN PARTNERS ASSET MA -A / APAM Fundamental Analysis FAQ

What is the fundamental rating for APAM stock?

ChartMill assigns a fundamental rating of 5 / 10 to APAM.


What is the valuation status of ARTISAN PARTNERS ASSET MA -A (APAM) stock?

ChartMill assigns a valuation rating of 6 / 10 to ARTISAN PARTNERS ASSET MA -A (APAM). This can be considered as Fairly Valued.


How profitable is ARTISAN PARTNERS ASSET MA -A (APAM) stock?

ARTISAN PARTNERS ASSET MA -A (APAM) has a profitability rating of 7 / 10.


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 6.66% in the next year.


Can you provide the dividend sustainability for APAM stock?

The dividend rating of ARTISAN PARTNERS ASSET MA -A (APAM) is 5 / 10 and the dividend payout ratio is 97.61%.