ARTISAN PARTNERS ASSET MA -A (APAM) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:APAM - US04316A1088 - Common Stock
41.48 USD
+1.04 (+2.57%)
41.62 USD
+0.14 (+0.34%)
Overall APAM gets a fundamental rating of 6 out of 10. We evaluated APAM against 237 industry peers in the Capital Markets industry. APAM scores excellent on profitability, but there are some minor concerns on its financial health. APAM scores decently on growth, while it is valued quite cheap. This could make an interesting combination. This makes APAM very considerable for value investing!
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.
In the past 5 years APAM always reported a positive cash flow from operatings.
1.2 Ratios
With an excellent Return On Assets value of 15.18%, APAM belongs to the best of the industry, outperforming 96.20% of the companies in the same industry.
APAM has a Return On Equity of 59.73%. This is amongst the best in the industry. APAM outperforms 99.16% of its industry peers.
With an excellent Return On Invested Capital value of 34.16%, APAM belongs to the best of the industry, outperforming 99.58% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for APAM is significantly above the industry average of 7.11%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 15.18% | ||
| ROE | 59.73% | ||
| ROIC | 34.16% |
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 of 20.73%. This is comparable to the rest of the industry: APAM outperforms 56.96% of its industry peers.
APAM's Profit Margin has improved in the last couple of years.
APAM has a Operating Margin of 32.57%. This is in the better half of the industry: APAM outperforms 63.29% of its industry peers.
APAM's Operating Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 32.57% | ||
| PM (TTM) | 20.73% | ||
| 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
The number of shares outstanding for APAM has been increased compared to 1 year ago.
Compared to 5 years ago, APAM has more shares outstanding
The debt/assets ratio for APAM has been reduced compared to a year ago.
2.2 Solvency
APAM has an Altman-Z score of 3.17. This indicates that APAM is financially healthy and has little risk of bankruptcy at the moment.
APAM's Altman-Z score of 3.17 is fine compared to the rest of the industry. APAM outperforms 76.37% of its industry peers.
The Debt to FCF ratio of APAM is 0.76, which is an excellent value as it means it would take APAM, only 0.76 years of fcf income to pay off all of its debts.
APAM's Debt to FCF ratio of 0.76 is amongst the best of the industry. APAM outperforms 90.72% of its industry peers.
APAM has a Debt/Equity ratio of 0.47. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.47, APAM is in the better half of the industry, outperforming 64.14% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.47 | ||
| Debt/FCF | 0.76 | ||
| Altman-Z | 3.17 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
APAM has a Current Ratio of 0.70. This is a bad value and indicates that APAM is not financially healthy enough and could expect problems in meeting its short term obligations.
The Current ratio of APAM (0.70) is worse than 69.20% of its industry peers.
A Quick Ratio of 0.70 indicates that APAM may have some problems paying its short term obligations.
APAM has a worse Quick ratio (0.70) than 68.78% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.7 | ||
| Quick Ratio | 0.7 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 5.07% over the past year.
The Earnings Per Share has been growing slightly by 5.86% on average over the past years.
The Revenue has grown by 14.02% in the past year. This is quite good.
The Revenue has been growing slightly by 6.83% on average over the past years.
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 11.12, the valuation of APAM can be described as reasonable.
Based on the Price/Earnings ratio, APAM is valued a bit cheaper than 64.98% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 25.45, APAM is valued rather cheaply.
APAM is valuated reasonably with a Price/Forward Earnings ratio of 9.86.
Compared to the rest of the industry, the Price/Forward Earnings ratio of APAM indicates a somewhat cheap valuation: APAM is cheaper than 70.04% of the companies listed in the same industry.
APAM's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 34.46.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.12 | ||
| Fwd PE | 9.86 |
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 89.03% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, APAM is valued a bit cheaper than the industry average as 65.40% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.47 | ||
| EV/EBITDA | 8.04 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
APAM has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)1.36
PEG (5Y)1.9
EPS Next 2Y8.87%
EPS Next 3Y7.43%
5. Dividend
5.1 Amount
APAM has a Yearly Dividend Yield of 7.20%, which is a nice return.
APAM's Dividend Yield is a higher than the industry average which is at 8.50.
Compared to an average S&P500 Dividend Yield of 2.45, APAM pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.2% |
5.2 History
The dividend of APAM has a limited annual growth rate of 2.62%.
APAM has been paying a dividend for at least 10 years, so it has a reliable track record.
The dividend of APAM decreased recently.
Dividend Growth(5Y)2.62%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
105.20% of the earnings are spent on dividend by APAM. This is not a sustainable payout ratio.
The dividend of APAM is growing, but earnings are growing more, so the dividend growth is sustainable.
DP105.2%
EPS Next 2Y8.87%
EPS Next 3Y7.43%
41.48
+1.04 (+2.57%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners91.23%
Inst Owner Change1.55%
Ins Owners2%
Ins Owner Change-1.43%
Market Cap3.35B
Revenue(TTM)1.11B
Net Income(TTM)240.14M
Analysts48.89
Price Target45.9 (10.66%)
Short Float %4.75%
Short Ratio7.88
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.2% |
Yearly Dividend2.77
Dividend Growth(5Y)2.62%
DP105.2%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)1.93%
Min EPS beat(2)0.77%
Max EPS beat(2)3.09%
EPS beat(4)4
Avg EPS beat(4)4.95%
Min EPS beat(4)0.77%
Max EPS beat(4)8.14%
EPS beat(8)6
Avg EPS beat(8)1.96%
EPS beat(12)8
Avg EPS beat(12)1.19%
EPS beat(16)9
Avg EPS beat(16)-0.13%
Revenue beat(2)0
Avg Revenue beat(2)-2.48%
Min Revenue beat(2)-2.95%
Max Revenue beat(2)-2.01%
Revenue beat(4)0
Avg Revenue beat(4)-2.11%
Min Revenue beat(4)-2.95%
Max Revenue beat(4)-0.52%
Revenue beat(8)0
Avg Revenue beat(8)-2.47%
Revenue beat(12)0
Avg Revenue beat(12)-2.12%
Revenue beat(16)1
Avg Revenue beat(16)-2.28%
PT rev (1m)-0.55%
PT rev (3m)-1.37%
EPS NQ rev (1m)4.57%
EPS NQ rev (3m)6.88%
EPS NY rev (1m)3.58%
EPS NY rev (3m)10.09%
Revenue NQ rev (1m)2.98%
Revenue NQ rev (3m)4.95%
Revenue NY rev (1m)1%
Revenue NY rev (3m)1.85%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.12 | ||
| Fwd PE | 9.86 | ||
| P/S | 2.89 | ||
| P/FCF | 13.47 | ||
| P/OCF | 13.42 | ||
| P/B | 8.33 | ||
| P/tB | 8.33 | ||
| EV/EBITDA | 8.04 |
EPS(TTM)3.73
EY8.99%
EPS(NY)4.21
Fwd EY10.14%
FCF(TTM)3.08
FCFY7.43%
OCF(TTM)3.09
OCFY7.45%
SpS14.35
BVpS4.98
TBVpS4.98
PEG (NY)1.36
PEG (5Y)1.9
Graham Number20.45
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 15.18% | ||
| ROE | 59.73% | ||
| ROCE | 42.53% | ||
| ROIC | 34.16% | ||
| ROICexc | 55.61% | ||
| ROICexgc | 55.61% | ||
| OM | 32.57% | ||
| PM (TTM) | 20.73% | ||
| GM | N/A | ||
| FCFM | 21.46% |
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 Turnover0.73
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.47 | ||
| Debt/FCF | 0.76 | ||
| Debt/EBITDA | 0.49 | ||
| Cap/Depr | 8.43% | ||
| Cap/Sales | 0.07% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 64.46% | ||
| Profit Quality | 103.53% | ||
| Current Ratio | 0.7 | ||
| Quick Ratio | 0.7 | ||
| Altman-Z | 3.17 |
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-8.32%
EBIT growth 3Y-12.14%
EBIT growth 5Y5.28%
EBIT Next Year9.32%
EBIT Next 3Y8.71%
EBIT Next 5YN/A
FCF growth 1Y-2.34%
FCF growth 3Y0.59%
FCF growth 5Y5.77%
OCF growth 1Y-5.56%
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 7 / 10 to ARTISAN PARTNERS ASSET MA -A (APAM). This can be considered as Undervalued.
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 11.12 and the Price/Book (PB) ratio is 8.33.
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.