(APAM) Artisan Partners Asset - Overview
Sector: Financial Services | Industry: Asset Management | Exchange: NYSE (USA) | Market Cap: 2.586m USD | Total Return: 100% in 12m
Avg Turnover: 26.8M
EPS Trend: 99.0%
Qual. Beats: -1
Rev. Trend: 99.5%
Qual. Beats: -1
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Artisan Partners Asset Management Inc. (APAM) is a global investment management firm that provides specialized strategies to institutional clients, including pension plans, endowments, and sovereign wealth funds. The firm utilizes a high-conviction, fundamental investment approach across multiple autonomous investment teams, focusing on equity and fixed income markets globally.
As an active manager, Artisan Partners operates within the Asset Management & Custody Banks sub-industry, where revenue is primarily derived from management fees scaled to Assets Under Management (AUM). The firm’s business model emphasizes investment autonomy, allowing distinct teams to manage portfolios ranging from small-cap growth equities to non-investment grade corporate credit without a centralized investment committee.
The firm maintains a diversified geographic presence with offices in major financial hubs such as London, New York, and San Francisco to support its global research capabilities. Investors can find deeper insights into the firms historical valuation trends on ValueRay. Founded in 1994 and headquartered in Milwaukee, Wisconsin, the company remains focused on active alpha generation across various market capitalizations and credit structures.
- Assets under management fluctuations directly impact management fee revenue and profitability
- Performance fees from specialized investment strategies drive quarterly earnings volatility
- Global equity market volatility dictates investor capital inflows and redemption rates
- Expansion of alternative investment products diversifies revenue beyond traditional equity strategies
- High talent retention costs for portfolio managers influence operating margin stability
| 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 0.47%; Δ 7.24k% > 0.5%) |
| Asset Turnover: 87.51% > 50% (prev 82.07%; Δ 5.44% > 0%) |
| Interest Coverage Ratio: 56.62 > 6 (EBITDA TTM 495.9m / 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: 0.16 (Book Value of Equity 147.9m / Total Liabilities 927.6m) |
| Altman-Z'' = 2.77 = A |
| DSRI: 0.92 (Receivables 156.5m/155.8m, Revenue 1.23b/1.12b) |
| GMI: 0.64 (GM 72.90% / 46.70%) |
| 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 = -3.31 (Cap -4..+1) = AA |
As of May 24, 2026, the stock is trading at USD 37.78 with a total of 662,132 shares traded.
Over the past week, the price has changed by +5.68%,
over one month by +21.13%,
over three months by +16.74% and
over the past year by +100.04%.
Artisan Partners Asset 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 | 37.8 | -0.1% |
P/E Forward = 10.4493
P/S = 2.1155
P/B = 6.9379
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 = 2.72b USD (2.59b + Debt 429.5m - CCE 300.4m)
Interest Coverage Ratio = 56.62 (Ebit TTM 486.8m / Interest Expense TTM 8.60m)
EV/FCF = 13.90x (Enterprise Value 2.72b / FCF TTM 195.4m)
FCF Yield = 7.20% (FCF TTM 195.4m / Enterprise Value 2.72b)
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 = 1.88 (Enterprise Value 2.72b / Total Assets 1.44b)
Interest Expense / Debt = 2.00% (Interest Expense 8.60m / Debt 429.5m)
Taxrate = 21.76% (18.8m / 86.4m)
NOPAT = 380.9m (EBIT 486.8m * (1 - 21.76%))
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 = 55.20% (NOPAT 380.9m / Invested Capital 690.0m)
WACC = 9.71% (E(2.59b)/V(3.02b) * Re(11.06%) + D(429.5m)/V(3.02b) * Rd(2.00%) * (1-Tc(0.22)))
Discount Rate = 11.06% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 85.40 | Cagr: 1.34%
[DCF] Terminal Value 68.19% ; FCFF base≈269.6m ; Y1≈236.4m ; Y5≈191.0m
[DCF] Fair Price = 33.49 (EV 2.51b - Net Debt 129.1m = Equity 2.38b / Shares 71.0m; r=9.71% [WACC]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: 99.02 | EPS CAGR: 16.80% | SUE: -0.84 | # QB: -1
Revenue Correlation: 99.49 | Revenue CAGR: 10.71% | SUE: -1.38 | # QB: -1
EPS current Quarter (2026-06-30): EPS=0.89 | Chg30d=-4.46% | Revisions=-20% | Analysts=3
EPS next Quarter (2026-09-30): EPS=0.97 | Chg30d=-1.19% | Revisions=-20% | Analysts=3
EPS current Year (2026-12-31): EPS=3.83 | Chg30d=-2.17% | Revisions=-43% | GrowthEPS=-2.6% | GrowthRev=+2.1%
EPS next Year (2027-12-31): EPS=4.00 | Chg30d=-0.93% | Revisions=-50% | GrowthEPS=+4.6% | GrowthRev=+4.5%
[Analyst] Revisions Ratio: -50%