APAM Stock Analysis: Artisan Asset Management | NYSE
Asset Management | NYSE, USA | Market Cap: 3.030m USD | 12M Return: 3.6% | US04316A1088 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 34.9M
EPS Trend: 98.5%
Qual. Beats: 0
Rev. Trend: 96.3%
Qual. Beats: 1
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Seasonality 11.6 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: 300.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.18 > 0.02 and ΔFCF/TA -6.88 > 1.0 |
| NWC/Revenue: 20.84% < 20% (prev -2.74%; Δ 23.58% < -1%) |
| CFO/TA 0.18 > 3% & CFO 260.7m > Net Income 300.5m |
| Net Debt (106.1m) to EBITDA (458.4m): 0.23 < 3 |
| Current Ratio: 2.84 > 1.5 & < 3 |
| Outstanding Shares: last quarter (71.4m) vs 12m ago 0.71% < -2% |
| Gross Margin: 62.70% > 18% (prev 45.58%; Δ 17.12% > 0.5%) |
| Asset Turnover: 97.95% > 50% (prev 78.67%; Δ 19.28% > 0%) |
| Interest Coverage Ratio: 35.42 > 6 (EBIT TTM 454.1m / Interest Expense TTM 12.8m) |
| A: 0.20 (Total Current Assets 457.1m - Total Current Liabilities 160.7m) / Total Assets 1.46b |
| B: 0.12 (Retained Earnings 174.8m / Total Assets 1.46b) |
| C: 0.31 (EBIT TTM 454.1m / Avg Total Assets 1.45b) |
| D: 0.51 (Book Value of Equity 463.4m / Total Liabilities 908.1m) |
| Altman-Z'' = 4.36 = AA |
| DSRI: 0.77 (Receivables 122.6m/126.6m, Revenue 1.42b/1.14b) |
| GMI: 0.73 (GM 45.58% / 62.70%) |
| AQI: 0.99 (AQ_t 0.61 / AQ_t-1 0.62) |
| SGI: 1.25 (Revenue 1.42b / 1.14b) |
| TATA: 0.03 (NI 300.5m - CFO 260.7m) / TA 1.46b) |
| Beneish M = -3.28 (Cap -4..+1) = AA |
As of August 23, 2026, the stock is trading at USD 42.26 with a total of 342,767 shares traded. Over the past week, the price has changed by +2.13%, over one month by +9.86%, over three months by +16.05% and over the past year by +3.64%.
Current recommended Stop Loss: 40.70 (which is 3.7% or 1.4 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 | 39.3 | -7.1% |
P/E Trailing = 10.0188
P/E Forward = 11.0742
P/S = 2.4285
P/B = 7.1327
P/EG = 1.38
Revenue TTM = 1.42b USD
EBIT TTM = 454.1m USD
EBITDA TTM = 458.4m USD
Long Term Debt = 189.2m USD (from longTermDebt, last quarter)
Short Term Debt = 20.7m USD (from shortTermDebt, last fiscal year)
Debt = 440.6m USD (from shortLongTermDebtTotal, last quarter) + Leases 125.7m
Net Debt = 106.1m USD (calculated: Debt 440.6m - CCE 334.5m)
Enterprise Value = 3.14b USD (3.03b + Debt 440.6m - CCE 334.5m)
Interest Coverage Ratio = 35.42 (Ebit TTM 454.1m / Interest Expense TTM 12.8m)
EV/FCF = 12.02x (Enterprise Value 3.14b / FCF TTM 260.9m)
FCF Yield = 8.32% (FCF TTM 260.9m / Enterprise Value 3.14b)
FCF Margin = 18.34% (FCF TTM 260.9m / Revenue TTM 1.42b)
Net Margin = 21.13% (Net Income TTM 300.5m / Revenue TTM 1.42b)
Gross Margin = 62.70% ((Revenue TTM 1.42b - Cost of Revenue TTM 530.5m) / Revenue TTM)
Gross Margin QoQ = 23.58% (prev none%)
Tobins Q-Ratio = 2.15 (Enterprise Value 3.14b / Total Assets 1.46b)
Interest Expense / Debt = 2.91% (Interest Expense 12.8m / Debt 440.6m)
Taxrate = 22.97% (111.2m / 484.0m)
NOPAT = 349.8m (EBIT 454.1m * (1 - 22.97%))
Current Ratio = 2.84 (Total Current Assets 457.1m / Total Current Liabilities 160.7m)
Debt / Equity = 0.95 (Debt 440.6m / totalStockholderEquity, last quarter 463.4m)
Debt / EBITDA = 0.23 (Net Debt 106.1m / EBITDA 458.4m)
Debt / FCF = 0.41 (Net Debt 106.1m / FCF TTM 260.9m)
Total Stockholder Equity = 423.3m (last 4 quarters mean from totalStockholderEquity)
RoA = 20.70% (Net Income 300.5m / Total Assets 1.46b)
RoE = 70.99% (Net Income TTM 300.5m / Total Stockholder Equity 423.3m)
RoCE = 74.12% (EBIT 454.1m / Capital Employed (Equity 423.3m + L.T.Debt 189.2m))
RoIC = 28.02% (NOPAT 349.8m / Invested Capital 1.25b)
WACC = 9.64% (E(3.03b)/V(3.47b) * Re(10.72%) + D(440.6m)/V(3.47b) * Rd(2.91%) * (1-Tc(0.23)))
Discount Rate = 10.72% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 84.44 | Cagr: 4.73%
[DCF] Terminal Value 68.41% ; FCFF base≈299.6m ; Y1≈262.7m ; Y5≈212.3m
[DCF] Fair Price = 38.08 (EV 2.81b - Net Debt 106.1m = Equity 2.70b / Shares 71.0m; r=9.64% [WACC]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: 98.52 | EPS CAGR: 15.69% | SUE: 0.27 | # QB: 0
Revenue Correlation: 96.28 | Revenue CAGR: 12.78% | SUE: 4.0 | # QB: 1
EPS current Quarter (2026-09-30): EPS=0.99 | Chg30d=+2.25% | Revisions=+40% | Analysts=3
EPS current Year (2026-12-31): EPS=3.86 | Chg30d=+1.38% | Revisions=+0% | GrowthEPS=-1.7% | GrowthRev=+4.3%
EPS next Year (2027-12-31): EPS=4.02 | Chg30d=+0.88% | Revisions=-29% | GrowthEPS=+4.1% | GrowthRev=+4.2%
[Analyst] Revisions Ratio: +0% (up=5, down=5)