APAM Stock Analysis: Artisan Asset Management | NYSE
Asset Management | NYSE, USA | Market Cap: 2.514m USD | 12M Return: -14.8% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 28.3M
EPS Trend: 98.8%
Qual. Beats: -1
Rev. Trend: 99.5%
Qual. Beats: -1
Warnings
Tailwinds
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Artisan Partners Asset Management Inc. (NYSE: APAM) is a publicly traded, independent investment management firm founded in 1994 and headquartered in Milwaukee, Wisconsin, with additional offices in the U.S. and London. The firm serves a diverse institutional and intermediary client base, including pension and profit-sharing plans, endowments, foundations, government entities, private funds, mutual funds, and collective trusts. APAM operates within the asset management sector, where revenue is typically generated through fees charged on assets under management (AUM), generally as a percentage of client portfolio values.
The firm manages separate client-focused equity and fixed income portfolios, investing across global public equity and fixed income markets. Its equity strategies span growth and value styles across all market capitalizations, while its fixed income component includes non-investment grade corporate bonds as well as secured and unsecured loans. As a publicly listed asset manager in the Financials sector, APAMs financial performance is closely tied to market valuations, client asset flows, and the broader fee-compression trends affecting the actively managed investment industry.
Artisan employs a fundamental, bottom-up analysis approach to portfolio construction, reflecting the active management model that distinguishes the firm from passive index providers. This active approach positions APAM within a competitive segment of the asset management industry that has faced increasing pressure from low-cost passive alternatives in recent years.
- Equity market gains lift AUM and management fee revenue
- Net client inflows accelerate across growth and value strategies
- Fee compression and passive competition pressure operating margins
| Net Income: 287.2m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.14 > 0.02 and ΔFCF/TA -14.23 > 1.0 |
| NWC/Revenue: -1.18% < 20% (prev -7.58%; Δ 6.39% < -1%) |
| CFO/TA 0.14 > 3% & CFO 195.9m > Net Income 287.2m |
| Net Debt (129.1m) to EBITDA (495.9m): 0.26 < 3 |
| Current Ratio: 0.97 > 1.5 & < 3 |
| Outstanding Shares: last quarter (71.2m) vs 12m ago 0.56% < -2% |
| Gross Margin: 72.90% > 18% (prev 46.70%; Δ 26.20% > 0.5%) |
| Asset Turnover: 87.51% > 50% (prev 82.07%; Δ 5.44% > 0%) |
| Interest Coverage Ratio: 56.62 > 6 (EBIT TTM 486.8m / Interest Expense TTM 8.60m) |
| A: -0.01 (Total Current Assets 456.9m - Total Current Liabilities 471.4m) / Total Assets 1.44b |
| B: 0.10 (Retained Earnings 149.0m / Total Assets 1.44b) |
| C: 0.35 (EBIT TTM 486.8m / Avg Total Assets 1.41b) |
| D: 0.42 (Book Value of Equity 389.0m / Total Liabilities 927.6m) |
| Altman-Z'' = 3.04 = A |
| DSRI: 0.92 (Receivables 156.5m/155.8m, Revenue 1.23b/1.12b) |
| GMI: 0.64 (GM 46.70% / 72.90%) |
| AQI: 0.97 (AQ_t 0.59 / AQ_t-1 0.61) |
| SGI: 1.09 (Revenue 1.23b / 1.12b) |
| TATA: 0.06 (NI 287.2m - CFO 195.9m) / TA 1.44b) |
| Beneish M = -3.37 (Cap -4..+1) = AA |
As of July 08, 2026, the stock is trading at USD 36.03 with a total of 534,397 shares traded. Over the past week, the price has changed by +2.97%, over one month by +3.56%, over three months by +3.58% and over the past year by -14.78%.
Current recommended Stop Loss: 34.50 (which is 4.2% or 1.5 ATR below the current price).
Artisan Asset Management has received a consensus analysts rating of 3.00. Therefore, it is recommended to hold APAM.
- StrongBuy: 0
- Buy: 1
- Hold: 2
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 37.5 | 4.1% |
P/E Trailing = 8.8747
P/E Forward = 9.7276
P/S = 2.0562
P/B = 6.4616
P/EG = 1.38
Revenue TTM = 1.23b USD
EBIT TTM = 486.8m USD
EBITDA TTM = 495.9m USD
Long Term Debt = 189.2m USD (from longTermDebt, last quarter)
Short Term Debt = 20.7m USD (from shortTermDebt, last fiscal year)
Debt = 429.5m USD (from shortLongTermDebtTotal, last quarter) + Leases 120.2m
Net Debt = 129.1m USD (calculated: Debt 429.5m - CCE 300.4m)
Enterprise Value = 2.64b USD (2.51b + Debt 429.5m - CCE 300.4m)
Interest Coverage Ratio = 56.62 (Ebit TTM 486.8m / Interest Expense TTM 8.60m)
EV/FCF = 13.52x (Enterprise Value 2.64b / FCF TTM 195.4m)
FCF Yield = 7.39% (FCF TTM 195.4m / Enterprise Value 2.64b)
FCF Margin = 15.89% (FCF TTM 195.4m / Revenue TTM 1.23b)
Net Margin = 23.35% (Net Income TTM 287.2m / Revenue TTM 1.23b)
Gross Margin = 72.90% ((Revenue TTM 1.23b - Cost of Revenue TTM 333.4m) / Revenue TTM)
Gross Margin QoQ = none% (prev none%)
Tobins Q-Ratio = 1.83 (Enterprise Value 2.64b / Total Assets 1.44b)
Interest Expense / Debt = 2.00% (Interest Expense 8.60m / Debt 429.5m)
Taxrate = 23.03% (110.1m / 478.2m)
NOPAT = 374.7m (EBIT 486.8m * (1 - 23.03%))
Current Ratio = 0.97 (Total Current Assets 456.9m / Total Current Liabilities 471.4m)
Debt / Equity = 1.10 (Debt 429.5m / totalStockholderEquity, last quarter 389.0m)
Debt / EBITDA = 0.26 (Net Debt 129.1m / EBITDA 495.9m)
Debt / FCF = 0.66 (Net Debt 129.1m / FCF TTM 195.4m)
Total Stockholder Equity = 402.9m (last 4 quarters mean from totalStockholderEquity)
RoA = 20.43% (Net Income 287.2m / Total Assets 1.44b)
RoE = 71.27% (Net Income TTM 287.2m / Total Stockholder Equity 402.9m)
RoCE = 82.21% (EBIT 486.8m / Capital Employed (Equity 402.9m + L.T.Debt 189.2m))
RoIC = 40.33% (NOPAT 374.7m / Invested Capital 928.9m)
WACC = 9.79% (E(2.51b)/V(2.94b) * Re(11.20%) + D(429.5m)/V(2.94b) * Rd(2.00%) * (1-Tc(0.23)))
Discount Rate = 11.20% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 85.40 | Cagr: 1.34%
[DCF] Terminal Value 67.90% ; FCFF base≈269.6m ; Y1≈236.4m ; Y5≈191.0m
[DCF] Fair Price = 33.10 (EV 2.48b - Net Debt 129.1m = Equity 2.35b / Shares 71.0m; r=9.79% [WACC]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: 98.85 | EPS CAGR: 16.31% | SUE: -0.91 | # QB: -1
Revenue Correlation: 99.49 | Revenue CAGR: 10.71% | SUE: -1.38 | # QB: -1
EPS current Quarter (2026-06-30): EPS=0.90 | Chg30d=+0.75% | Revisions=-25% | Analysts=3
EPS next Quarter (2026-09-30): EPS=0.98 | Chg30d=+0.35% | Revisions=-25% | Analysts=3
EPS current Year (2026-12-31): EPS=3.85 | Chg30d=+0.46% | Revisions=-50% | GrowthEPS=-2.2% | GrowthRev=+2.4%
EPS next Year (2027-12-31): EPS=4.01 | Chg30d=+0.31% | Revisions=-57% | GrowthEPS=+4.4% | GrowthRev=+3.8%
[Analyst] Revisions Ratio: -75% (up=0, down=9)