ARTISAN PARTNERS ASSET MANAGEMENT INC. Financials Artisan Partners Asset Management Inc.
Equities
APAM
US04316A1088
Investment Management & Fund Operators
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 41.96 USD | +2.24% |
|
-1.55% | -5.02% |
| Apr. 24 | Transcript : Artisan Partners Asset Management Inc., Q1 2024 Earnings Call, Apr 24, 2024 | |
| Apr. 23 | Artisan Partners Asset Management Q1 Adjusted Net Income, Revenue Increase | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,818 | 3,092 | 3,107 | 2,017 | 3,025 | 2,895 | - | - |
| Enterprise Value (EV) 1 | 1,883 | 3,136 | 3,117 | 2,101 | 3,025 | 2,895 | 2,895 | 2,895 |
| P/E ratio | 12.2 x | 14.8 x | 9.36 x | 10.1 x | 13.8 x | 12.3 x | 12 x | - |
| Yield | 9.53% | 6.73% | 9.03% | 8.32% | - | 7.35% | 7.57% | 8.84% |
| Capitalization / Revenue | 2.28 x | 3.44 x | 2.53 x | 2.03 x | 3.1 x | 2.6 x | 2.4 x | 6.59 x |
| EV / Revenue | 2.28 x | 3.44 x | 2.53 x | 2.03 x | 3.1 x | 2.6 x | 2.4 x | 6.59 x |
| EV / EBITDA | 6.23 x | 8.44 x | 5.66 x | 5.78 x | 9.24 x | 7.86 x | 7.23 x | 6.51 x |
| EV / FCF | - | - | - | - | - | - | - | - |
| FCF Yield | - | - | - | - | - | - | - | - |
| Price to Book | - | - | - | - | - | - | - | - |
| Nbr of stocks (in thousands) | 56,261 | 61,426 | 65,216 | 67,911 | 68,479 | 68,999 | - | - |
| Reference price 2 | 32.32 | 50.34 | 47.64 | 29.70 | 44.18 | 41.96 | 41.96 | 41.96 |
| Announcement Date | 2/4/20 | 2/2/21 | 2/1/22 | 1/31/23 | 1/30/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 799 | 899.6 | 1,227 | 993.3 | 975.1 | 1,114 | 1,209 | 439 |
| EBITDA 1 | 292 | 366.3 | 548.9 | 349.2 | 327.5 | 368.3 | 400.3 | 444.6 |
| EBIT 1 | 283.5 | 358.3 | 540.5 | 344.1 | 303.6 | 319.7 | 349.6 | 324.2 |
| Operating Margin | 35.48% | 39.83% | 44.04% | 34.64% | 31.14% | 28.7% | 28.92% | 73.85% |
| Earnings before Tax (EBT) 1 | 269.3 | 369.3 | 551.6 | 311.8 | 383.7 | 378.1 | 396.1 | 436.6 |
| Net income 1 | 156.5 | 212.6 | 336.5 | 206.8 | 222.3 | 241.8 | 253.5 | - |
| Net margin | 19.59% | 23.63% | 27.42% | 20.82% | 22.8% | 21.7% | 20.97% | - |
| EPS 2 | 2.650 | 3.400 | 5.090 | 2.940 | 3.190 | 3.420 | 3.510 | - |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| FCF margin | - | - | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | 3.080 | 3.390 | 4.300 | 2.470 | - | 3.085 | 3.177 | 3.710 |
| Announcement Date | 2/4/20 | 2/2/21 | 2/1/22 | 1/31/23 | 1/30/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 316.6 | 315 | 281.6 | 251.4 | 234.3 | 226 | 234.5 | 242.9 | 248.7 | 249 | 264.4 | 278.4 | 281.7 | 289.6 | 292.3 |
| EBITDA | 145 | 140.6 | 107.9 | 88.5 | 79.5 | 73.3 | 73 | 81.1 | 85.5 | 87.9 | - | - | - | - | - |
| EBIT 1 | 143.2 | 137.8 | 107 | 88.4 | 78.7 | 70 | 68.3 | 76.7 | 82.2 | 76.4 | 77.7 | 80.3 | 82.99 | 86.81 | 86.3 |
| Operating Margin | 45.23% | 43.75% | 38% | 35.16% | 33.59% | 30.97% | 29.13% | 31.58% | 33.05% | 30.68% | 29.39% | 28.84% | 29.46% | 29.97% | 29.52% |
| Earnings before Tax (EBT) 1 | 141.4 | 136.6 | 101.2 | 60.4 | 67.3 | 82.9 | 90.4 | 92.3 | 88 | 113 | 108.7 | 93.3 | 94.8 | 99.6 | 84.2 |
| Net income 1 | 86.4 | 84.6 | 65.4 | 44.3 | 44.2 | 52.9 | 50.8 | 53.6 | 53.1 | 64.8 | 59.5 | 59.1 | 60.1 | 63.1 | 53.4 |
| Net margin | 27.29% | 26.86% | 23.22% | 17.62% | 18.86% | 23.41% | 21.66% | 22.07% | 21.35% | 26.02% | 22.5% | 21.23% | 21.33% | 21.79% | 18.27% |
| EPS 2 | 1.300 | 1.250 | 0.9000 | 0.6200 | 0.6500 | 0.7600 | 0.7200 | 0.7600 | 0.7600 | 0.9200 | 0.8400 | 0.8400 | 0.8500 | 0.8900 | 0.7300 |
| Dividend per Share 2 | 1.070 | 1.070 | 0.7600 | 0.6000 | 0.5600 | 0.5500 | 0.9000 | 0.6100 | 0.6500 | 0.6800 | 1.020 | 0.6100 | 0.6900 | 0.7000 | 0.9600 |
| Announcement Date | 10/26/21 | 2/1/22 | 4/26/22 | 8/2/22 | 11/1/22 | 1/31/23 | 5/2/23 | 8/1/23 | 10/31/23 | 1/30/24 | 4/23/24 | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt | 64.5 | 44.3 | 10.2 | 84.3 | - | - | - | - |
| Net Cash position | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.2209 x | 0.1209 x | 0.0186 x | 0.2414 x | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | 149% | 159% | 164% | - | - | - | - | - |
| ROA (Net income/ Total Assets) | 23.9% | 0.25% | 0.29% | 0.16% | - | - | - | - |
| Assets 1 | 654.1 | 84,399 | 117,987 | 126,098 | - | - | - | - |
| Book Value Per Share | - | - | - | - | - | - | - | - |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex | - | - | - | - | - | - | - | - |
| Capex / Sales | - | - | - | - | - | - | - | - |
| Announcement Date | 2/4/20 | 2/2/21 | 2/1/22 | 1/31/23 | 1/30/24 | - | - | - |
1USD in Million
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B
Sell
Buy
Mean consensus
HOLD
Number of Analysts
4
Last Close Price
41.96
USD
Average target price
42.25
USD
Spread / Average Target
+0.69%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -5.02% | 2.9B | |
| -6.44% | 88.47B | |
| +15.32% | 84.55B | |
| +12.36% | 26.01B | |
| -6.65% | 17.28B | |
| +6.74% | 14.28B | |
| -16.11% | 13.16B | |
| +16.00% | 9.52B | |
| +26.11% | 8.75B | |
| +27.22% | 7.13B |
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