Artisan Partners Asset Management Inc.

Finance
Investment Managers
www.artisanpartners.com

Earnings Score
Moat Score
Safety Score
Final Score

Market Cap $2.60B
PE 11
Debt $200.00M
Cash $258.97M
EV $2.54B
FCF $382.03M

Earnings

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Sales & Net Margins

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Earnings	$237.27M
EBIT	$429.23M
ROE	60%
ROA	31%
FCF	$382.03M
Equity	$394.65M
Growth Stability	88%
PE	10.97
PEG	7.42
PB	6.6
P/FCF	6.82
P/S	2.32
Price/Cash	0.1
Debt/Equity	0.51
Debt/FCF	0.52
Net Margins	19%
Op. Margins	38%
Earnings CAGR	21%
Sales Growth YoY	5%
Sales Growth QoQ	-7%
Sales CAGR	5%
FCF CAGR	3%
Equity CAGR	15%
Earnings Stability	0.71
Earnings Growth YoY	-0%
Earnings Growth QoQ	-15%

Earnings CAGR 5Y	1%
Sales CAGR 5Y	2%
FCF CAGR 5Y	-3%
Equity CAGR 5Y	22%
Earnings CAGR 3Y	1%
Sales CAGR 3Y	1%
FCF CAGR 3Y	6%
Equity CAGR 3Y	22%
Market Cap	$2.60B
Revenue	$1.12B
Dividend Yield	9%
Payout Ratio	104%
Assets	$1.37B
Total Debt	$200.00M
Cash	$258.97M
Shares Outstanding	65.37M
EV	2.54B
Earnings Score	91%
Moat Score	97%
Safety Score	95%
Final Score	95%
Shares Growth 3y	2%
Equity Growth QoQ	-6%
Equity Growth YoY	12%

Assets & ROA

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Stockholders Equity & ROE

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Artisan Partners Asset Management Inc is a global investment management firm providing a range of investment strategies to a diverse group of clients around the world. Each of the company's strategies is managed by one of its several investment teams. Investment management services are primarily offered to institutions through separate accounts and mutual funds. Artisan's investment offerings include several long-only, equity investment strategies across a multitude of market capitalization segments and investing styles in both the United States and international markets. In addition to its equity strategies, customers may invest in a fixed-income strategy. Strategies are often distributed to customers ranging from retail investors to institutional investors through specialized channels.

SEC Filings

Direct access to Artisan Partners Asset Management Inc. (APAM) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2025
- 10-Q Mar 31
2024
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Artisan Partners Asset Management Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Artisan Partners Asset Management Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 21%

Stability 71%

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Artisan Partners Asset Management Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Artisan Partners Asset Management Inc..

Years

Calculation mode

= $4.6B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$382M	$392M	$402M	$413M	$423M	$434M	$446M	$457M	$469M	$481M	$494M	$4.9B
DCF		$356M	$332M	$310M	$289M	$270M	$252M	$235M	$219M	$204M	$190M	$1.9B
Value	$4.6B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Net Margins	8%	8%	4%	17%	17%	21%	25%	19%	21%	21%	19%
ROA	-	25%	68%	38%	30%	32%	46%	28%	27%	27%	31%
ROE	-	46%	31%	99%	98%	99%	103%	66%	58%	56%	60%

Good Net Margins (19.43%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Debt over FCF	-	0.75	0.98	0.6	0.69	0.63	0.5	0.65	0.8	0.54	0.52
Debt over Equity	1.53	1.51	1.81	1.42	1.44	1.04	0.68	0.72	0.57	0.47	0.51
Growth Stability	-	-	-	100%	100%	100%	100%	88%	90%	100%	88%

Good Debt/FCF ratio (0.52)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Good Debt/Equity ratio (0.51)

The company is not overleveraged and has a good balance between equity and debt.

Neutral Graham’s Stability (88%)

The company has a stability in its earnings that is not too good nor too bad.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	CAGR 5Y
Revenue YoY growth	-	-11%	10%	4%	-4%	13%	36%	-19%	-2%	14%	2%
Earnings YoY growth	-	-9%	-44%	314%	-3%	40%	61%	-40%	10%	17%	1%
Equity YoY growth	-	1%	-17%	28%	-1%	38%	55%	-6%	26%	20%	22%
FCF YoY growth	-	-16%	-24%	63%	-12%	9%	25%	-23%	-18%	48%	-3%