A Business at a Glance
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Artisan Partners Asset Management Inc.
APAM
$2.6B
Mkt Cap
$39.34
+2.13%
Artisan Partners Asset Management Inc. (APAM) has a current P/E ratio of 9.7, compared to its historical median P/E of 8.6. The stock is currently considered Fair based on its historical valuation range.
Artisan Partners Asset Management Inc. (APAM) has a 5-year average return on invested capital (ROIC) of 62.2%. This indicates strong capital allocation and a potential competitive advantage.
Artisan Partners Asset Management Inc. (APAM) has a market capitalization of $3.2B. It is classified as a mid-cap stock.
Yes, Artisan Partners Asset Management Inc. (APAM) pays a dividend with a trailing twelve-month yield of 8.62%.
Based on historical P/E analysis, Artisan Partners Asset Management Inc. (APAM) appears fair. The current P/E of 9.7 is 13% above its historical median of 8.6. The estimated fair value CAGR (P/E method) is 3.7%.
Artisan Partners Asset Management Inc. (APAM) operates in the Investment Advice industry, within the Financials sector.
Founded in 1994, Artisan is a global multi-asset investment platform focused on providing high value-added active investment strategies in growing asset classes to sophisticated clients around the world. Since our founding, we have maintained a business model that is designed to maximize our ability to produce attractive investment results for our clients, and we believe this model has contributed to our success in doing so. We focus on attracting, retaining and developing talented investment professionals by creating an environment in which each investment team is provided ample resources and support, transparent and direct financial incentives, a high degree of investment autonomy, and a long-term time horizon. Each of our investment teams is led by one or more experienced portfolio managers and applies its own unique investment philosophy and process.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 1.2B | 1.2B | 1.1B | 975M | 993M | 1.2B |
| Net Income | 262M | 266M | 237M | 202M | 184M | 305M |
| EPS | $3.25 | $4.05 | $3.66 | $3.19 | $2.94 | $5.09 |
| Free Cash Flow | 195M | 172M | 371M | 251M | 306M | 396M |
| ROIC | 103.0% | 43.7% | 42.7% | 41.0% | 49.8% | 133.6% |
| Gross Margin | - | 45.7% | 46.6% | 45.7% | 48.6% | 54.1% |
| Debt/Equity | 0.49 | 0.43 | 0.51 | 0.62 | 0.76 | 0.72 |
| Dividends/Share | $3.39 | $3.63 | $3.16 | $2.66 | $3.67 | $4.23 |
| Operating Income | 407M | 400M | 367M | 304M | 344M | 540M |
| Operating Margin | 33.3% | 33.4% | 33.0% | 31.1% | 34.6% | 44.0% |
| ROE | 67.4% | 64.2% | 66.6% | 69.0% | 68.3% | 133.6% |
| Shares Outstanding | 81M | 66M | 65M | 63M | 63M | 60M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 829M | 805M | 721M | 796M | 829M | 799M | 900M | 1.2B | 993M | 975M | 1.1B | 1.2B | 1.2B |
| Gross Margin | 49.9% | 48.6% | 46.7% | 49.4% | 50.1% | 49.9% | 51.6% | 54.1% | 48.6% | 45.7% | 46.6% | 45.7% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 415M | 414M | 384M | 28M | 28M | 29M | 20M | 26M | 35M | 38M | 42M | 38M | 40M |
| EBIT | 307M | 282M | 234M | 286M | 305M | 283M | 358M | 540M | 344M | 304M | 367M | 400M | 407M |
| Op. Margin | 37.0% | 35.1% | 32.5% | 36.0% | 36.8% | 35.5% | 39.8% | 44.0% | 34.6% | 31.1% | 33.0% | 33.4% | 33.3% |
| Net Income | 70M | 66M | 60M | 34M | 139M | 135M | 189M | 305M | 184M | 202M | 237M | 266M | 262M |
| Net Margin | 8.4% | 8.2% | 8.3% | 4.2% | 16.8% | 16.9% | 21.0% | 24.9% | 18.5% | 20.8% | 21.4% | 22.2% | 21.4% |
| Non-Recurring | -362K | -40K | -108K | -69K | -18K | 1.8M | 866K | -4K | 1.4M | -4K | 934K | -10K | -10K |
| Returns on Capital | |||||||||||||
| ROIC | 90.0% | 54.6% | 45.8% | 22.3% | 91.1% | 85.1% | 104.2% | 133.6% | 49.8% | 41.0% | 42.7% | 43.7% | 103.0% |
| ROE | 90.0% | 54.6% | 45.8% | 27.8% | 113.4% | 101.0% | 120.8% | 133.6% | 68.3% | 69.0% | 66.6% | 64.2% | 67.4% |
| ROA | 9.7% | 7.3% | 6.4% | 3.8% | 16.9% | 15.6% | 18.2% | 25.9% | 15.1% | 15.3% | 15.7% | 16.6% | 18.2% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 352M | 321M | 270M | 226M | 333M | 293M | 319M | 399M | 313M | 253M | 373M | 172M | 196M |
| Free Cash Flow | 347M | 317M | 267M | 224M | 330M | 289M | 317M | 396M | 306M | 251M | 371M | 172M | 195M |
| Owner Earnings | 260M | 275M | 237M | 208M | 275M | 244M | 276M | 352M | 265M | 212M | 332M | 135M | 160M |
| CapEx | 4.8M | 3.8M | 2.9M | 1.6M | 2.8M | 3.5M | 2.0M | 2.4M | 6.6M | 2.3M | 1.6M | 371K | 683K |
| Maint. CapEx | 3.3M | 4.5M | 5.3M | 5.3M | 5.7M | 6.2M | 6.6M | 6.9M | 7.8M | 9.3M | 9.9M | 9.4M | 9.2M |
| Growth CapEx | 1.5M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 3.3M | 4.5M | 5.3M | 5.3M | 5.7M | 6.2M | 6.6M | 6.9M | 7.8M | 9.3M | 9.9M | 9.4M | 9.2M |
| CapEx/OCF | 1.2% | 1.2% | 1.1% | 0.7% | 0.9% | 1.2% | 0.6% | 0.6% | 2.1% | 0.9% | 0.4% | 0.2% | 0.3% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 100M | 124M | 115M | 131M | 168M | 188M | 203M | 275M | 249M | 183M | 222M | 257M | 275M |
| Dividend Yield | 7.0% | 10.5% | 25.6% | 20.9% | 22.0% | 24.6% | 16.9% | 13.6% | 15.0% | 10.0% | 9.2% | 9.8% | 8.6% |
| Share Buybacks | 0 | 0 | 0 | 0 | 21M | 0 | 63M | 47M | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | 3.5% | N/A | 3.2% | 2.1% | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 88M | 42M | 28M | 13M | 53M | 42M | 36M | 39M | 40M | 32M | 31M | 27M | 27M |
| Debt Repayment | 0 | 0 | 0 | 60M | 0 | 50M | 0 | 0 | 90M | 0 | 0 | 60M | 60M |
| Balance Sheet | |||||||||||||
| Net Debt | 18M | 34M | 43M | -76M | -61M | 15M | 550K | -771K | 57M | 22M | -68M | -66M | -110M |
| Cash & Equiv. | 182M | 166M | 157M | 137M | 160M | 135M | 199M | 201M | 143M | 178M | 268M | 256M | 300M |
| Long-Term Debt | 0 | 0 | 0 | 60M | 0 | 50M | 0 | 0 | 200M | 200M | 200M | 190M | 190M |
| Debt/Equity | 1.80 | 1.54 | 1.52 | 0.56 | 0.74 | 1.13 | 1.11 | 0.72 | 0.76 | 0.62 | 0.51 | 0.43 | 0.49 |
| Interest Coverage | 26.5 | 24.1 | 20.1 | 25.0 | 27.2 | 25.6 | 33.2 | 50.0 | 34.7 | 35.4 | 47.0 | 51.2 | 51.6 |
| Equity | 111M | 130M | 132M | 110M | 135M | 133M | 180M | 276M | 262M | 324M | 389M | 439M | 389M |
| Total Assets | 849M | 946M | 936M | 837M | 805M | 934M | 1.2B | 1.2B | 1.2B | 1.4B | 1.6B | 1.6B | 1.4B |
| Total Liabilities | 742M | 829M | 818M | 667M | 630M | 752M | 867M | 801M | 820M | 802M | 869M | 795M | 928M |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 8.0M |
| Retained Earnings | 16M | 13M | 13M | -38M | 39M | 44M | 73M | 135M | 93M | 132M | 170M | 203M | 149M |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | |||||||||||||
| EPS | 0.95 | 0.90 | 1.57 | 0.75 | 2.84 | 2.65 | 3.40 | 5.09 | 2.94 | 3.19 | 3.66 | 4.05 | 3.25 |
| Owner EPS | 3.57 | 3.74 | 6.20 | 4.65 | 5.62 | 4.78 | 4.95 | 5.88 | 4.23 | 3.33 | 5.11 | 2.06 | 1.97 |
| Book Value | 1.52 | 1.77 | 3.45 | 2.46 | 2.76 | 2.60 | 3.24 | 4.61 | 4.19 | 5.11 | 5.99 | 6.68 | 4.80 |
| Cash Flow/Share | 4.82 | 4.38 | 7.08 | 5.05 | 6.82 | 5.73 | 5.72 | 6.65 | 5.00 | 3.99 | 5.75 | 2.62 | 3.35 |
| Dividends/Share | 1.37 | 1.69 | 2.80 | 2.76 | 3.19 | 3.39 | 3.39 | 4.23 | 3.67 | 2.66 | 3.16 | 3.63 | 3.39 |
| Shares Out. | 72.9M | 73.4M | 38.2M | 44.8M | 48.9M | 51.1M | 55.7M | 59.9M | 62.6M | 63.5M | 64.9M | 65.6M | 81.1M |
| Valuation | |||||||||||||
| P/E Ratio | 10.4 | 7.5 | 8.0 | 24.5 | 3.9 | 7.1 | 9.3 | 6.5 | 7.7 | 11.6 | 10.7 | 10.0 | 12.1 |
| P/FCF | 3.8 | 3.2 | 1.8 | 3.7 | 1.6 | 3.3 | 5.6 | 5.0 | 4.6 | 9.4 | 6.8 | 15.4 | 16.3 |
| EV/EBIT | 1.8 | 1.7 | 2.0 | 4.0 | 1.6 | 4.1 | 5.5 | 4.0 | 5.3 | 8.8 | 7.5 | 7.0 | 7.6 |
| Price/Book | 6.5 | 4.7 | 4.4 | 11.1 | 4.6 | 8.3 | 10.9 | 8.0 | 6.1 | 8.0 | 7.1 | 6.6 | 8.2 |
| Price/Sales | 1.0 | 0.9 | 0.8 | 1.2 | 1.1 | 1.1 | 1.5 | 1.8 | 1.9 | 2.1 | 2.4 | 2.4 | 2.6 |
| FCF Yield | 47.9% | 51.7% | 46.0% | 18.5% | 53.3% | 26.1% | 16.0% | 18.0% | 19.3% | 9.7% | 13.4% | 5.9% | 6.1% |
| Market Cap | 723M | 614M | 581M | 1.2B | 620M | 1.1B | 2.0B | 2.2B | 1.6B | 2.6B | 2.8B | 2.9B | 3.2B |
| Avg. Price | 19.50 | 16.06 | 11.81 | 13.98 | 15.61 | 14.98 | 21.51 | 33.73 | 26.43 | 28.78 | 37.14 | 39.79 | 39.34 |
| Year-End Price | 17.86 | 13.97 | 12.49 | 18.38 | 11.11 | 18.79 | 31.56 | 33.30 | 22.57 | 37.05 | 39.05 | 40.31 | 39.34 |
Artisan Partners Asset Management Inc. passes 5 of 9 quality checks, suggesting mixed fundamentals.
Artisan Partners Asset Management Inc. trades at 9.7x trailing earnings, compared to its 15-year median P/E of 8.6x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 16.4x vs a median of 4.8x. The company's 5-year average ROIC is 62.2% with a gross margin of 48.1%. Total shareholder yield (dividends) is 8.6%. At current prices, the estimated annualized return to fair value is -6.5%.
Artisan Partners Asset Management Inc. (APAM) reported annual revenue of $1.2 billion in its most recent fiscal year, based on SEC EDGAR filings.
Artisan Partners Asset Management Inc. (APAM) has a net profit margin of 22.2%. This is a strong margin indicating high profitability.
Artisan Partners Asset Management Inc. (APAM) generated $172 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Artisan Partners Asset Management Inc. (APAM) has a debt-to-equity ratio of 0.43. This indicates a conservatively financed balance sheet.
Artisan Partners Asset Management Inc. (APAM) reported earnings per share (EPS) of $4.05 in its most recent fiscal year.
Artisan Partners Asset Management Inc. (APAM) has a return on equity (ROE) of 64.2%. This indicates the company generates strong returns for shareholders.
Artisan Partners Asset Management Inc. (APAM) has a 5-year average gross margin of 48.1%. This indicates decent pricing power.
The Ledger Terminal provides 15 years of financial data for Artisan Partners Asset Management Inc. (APAM), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Artisan Partners Asset Management Inc. (APAM) has a book value per share of $6.68, based on its most recent annual SEC filing.
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