Loading...

You're on the old version of Simply Wall St. We will no longer be supporting this site, so we recommend you switch to our brand new platform.

Artisan Partners Asset Management

DB:AP0
Snowflake Description

Undervalued with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AP0
DB
$2B
Imp Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

Artisan Partners Asset Management Inc. is publicly owned investment manager. The last earnings update was 39 days ago. More info.


Add to Portfolio Compare Print
  • Artisan Partners Asset Management is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • Artisan Partners Asset Management has significant price volatility in the past 3 months.
AP0 Share Price and Events
7 Day Returns
-3.5%
DB:AP0
12.3%
DE Capital Markets
7.2%
DE Market
1 Year Returns
-14.4%
DB:AP0
-8.8%
DE Capital Markets
-17.5%
DE Market
AP0 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Artisan Partners Asset Management (AP0) -3.5% -29.3% -33.2% -14.4% -26% -55.2%
DE Capital Markets 12.3% -26.5% -16.8% -8.8% -29% -56.3%
DE Market 7.2% -22.3% -26.1% -17.5% -25.7% -29.1%
1 Year Return vs Industry and Market
  • AP0 underperformed the Capital Markets industry which returned -8.8% over the past year.
  • AP0 outperformed the Market in Germany which returned -17.5% over the past year.
Price Volatility
AP0
Industry
5yr Volatility vs Market

AP0 Value

 Is Artisan Partners Asset Management undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Artisan Partners Asset Management to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Artisan Partners Asset Management.

DB:AP0 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $2.36 * 118.6%
$2.79
Book Value of Equity per Share Median Book Value from the past 5 years. $2.36
Discount Rate (Cost of Equity) See below 4.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:AP0
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.75
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.754 (1 + (1- 21%) (17.49%))
0.905
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.91
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (0.905 * 5.44%)
4.53%

Discounted Cash Flow Calculation for DB:AP0 using Excess Returns Model Model

The calculations below outline how an intrinsic value for Artisan Partners Asset Management is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

DB:AP0 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (118.6% – 4.53%) * $2.36)
$2.69
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $2.69 / (4.53% - -0.39%)
$54.56
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $2.36 + $54.56
$56.91
DB:AP0 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:AP0 represents 0.87454x of NYSE:APAM
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.87454x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 56.91 x 0.87454
€49.77
Value per share (EUR) From above. €49.77
Current discount Discount to share price of €19.10
= -1 x (€19.10 - €49.77) / €49.77
61.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Artisan Partners Asset Management is available for.
Intrinsic value
>50%
Share price is €19.1 vs Future cash flow value of €49.77
Current Discount Checks
For Artisan Partners Asset Management to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Artisan Partners Asset Management's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Artisan Partners Asset Management's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Artisan Partners Asset Management's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Artisan Partners Asset Management's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:AP0 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $2.65
NYSE:APAM Share Price ** NYSE (2020-03-27) in USD $21.84
Germany Capital Markets Industry PE Ratio Median Figure of 17 Publicly-Listed Capital Markets Companies 21.49x
Germany Market PE Ratio Median Figure of 400 Publicly-Listed Companies 16.49x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Artisan Partners Asset Management.

DB:AP0 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:APAM Share Price ÷ EPS (both in USD)

= 21.84 ÷ 2.65

8.25x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Artisan Partners Asset Management is good value based on earnings compared to the DE Capital Markets industry average.
  • Artisan Partners Asset Management is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Artisan Partners Asset Management's expected growth come at a high price?
Raw Data
DB:AP0 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.25x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
20.5%per year
Germany Capital Markets Industry PEG Ratio Median Figure of 7 Publicly-Listed Capital Markets Companies 1.49x
Germany Market PEG Ratio Median Figure of 252 Publicly-Listed Companies 1.22x

*Line of best fit is calculated by linear regression .

DB:AP0 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.25x ÷ 20.5%

0.4x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Artisan Partners Asset Management is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Artisan Partners Asset Management's assets?
Raw Data
DB:AP0 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $2.36
NYSE:APAM Share Price * NYSE (2020-03-27) in USD $21.84
Germany Capital Markets Industry PB Ratio Median Figure of 32 Publicly-Listed Capital Markets Companies 1.61x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.42x
DB:AP0 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:APAM Share Price ÷ Book Value per Share (both in USD)

= 21.84 ÷ 2.36

9.27x

* Primary Listing of Artisan Partners Asset Management.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Artisan Partners Asset Management is overvalued based on assets compared to the DE Capital Markets industry average.
X
Value checks
We assess Artisan Partners Asset Management's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Artisan Partners Asset Management has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

AP0 Future Performance

 How is Artisan Partners Asset Management expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
20.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Artisan Partners Asset Management expected to grow at an attractive rate?
  • Artisan Partners Asset Management's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Artisan Partners Asset Management's earnings growth is expected to exceed the Germany market average.
  • Artisan Partners Asset Management's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:AP0 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:AP0 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 20.5%
DB:AP0 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 2.1%
Germany Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 41.2%
Germany Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:AP0 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:AP0 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31
2021-12-31 834 213 6
2020-12-31 809 199 6
2020-03-28
DB:AP0 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 799 293 135
2019-09-30 782 267 124
2019-06-30 792 275 126
2019-03-31 804 260 127
2018-12-31 829 333 139
2018-09-30 848 285 79
2018-06-30 840 270 68
2018-03-31 824 274 52
2017-12-31 796 226 34
2017-09-30 766 281 82
2017-06-30 746 283 69
2017-03-31 730 278 64

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Artisan Partners Asset Management's earnings are expected to grow significantly at over 20% yearly.
  • Artisan Partners Asset Management's revenue is expected to grow by 2.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:AP0 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from Artisan Partners Asset Management Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:AP0 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31 3.06 3.63 2.61 4.00
2020-12-31 2.91 3.22 2.59 4.00
2020-03-28
DB:AP0 Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 2.65
2019-09-30 2.45
2019-06-30 2.51
2019-03-31 2.57
2018-12-31 2.84
2018-09-30 1.64
2018-06-30 1.44
2018-03-31 1.12
2017-12-31 0.75
2017-09-30 1.91
2017-06-30 1.70
2017-03-31 1.63

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Artisan Partners Asset Management will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Artisan Partners Asset Management's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Artisan Partners Asset Management has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

AP0 Past Performance

  How has Artisan Partners Asset Management performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Artisan Partners Asset Management's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Artisan Partners Asset Management has delivered over 20% year on year earnings growth in the past 5 years.
  • Artisan Partners Asset Management's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Artisan Partners Asset Management's 1-year earnings growth is negative, it can't be compared to the DE Capital Markets industry average.
Earnings and Revenue History
Artisan Partners Asset Management's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Artisan Partners Asset Management Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:AP0 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 798.95 135.38 113.45
2019-09-30 782.19 124.00 112.67
2019-06-30 792.02 125.56 113.31
2019-03-31 803.59 127.32 113.68
2018-12-31 828.64 138.86 110.53
2018-09-30 847.81 78.89 109.51
2018-06-30 839.58 67.85 106.58
2018-03-31 823.56 51.99 106.68
2017-12-31 795.62 33.57 106.33
2017-09-30 766.38 81.54 104.66
2017-06-30 745.91 69.43 105.06
2017-03-31 730.40 63.81 104.66
2016-12-31 720.86 59.97 102.71
2016-09-30 731.39 60.96 103.89
2016-06-30 745.62 61.01 104.15
2016-03-31 776.42 64.91 106.45
2015-12-31 805.47 65.77 108.85
2015-09-30 819.48 64.71 109.14
2015-06-30 833.57 66.18 111.29
2015-03-31 830.48 54.63 108.59
2014-12-31 828.70 -10.30 106.83
2014-09-30 820.28 -67.29 107.39
2014-06-30 785.96 -79.40 101.00
2014-03-31 739.41 -81.59 95.24
2013-12-31 685.84 -28.17 90.69
2013-09-30 625.28 12.37 82.89
2013-06-30 575.28 7.28 82.88
2013-03-31 534.13 2.46 79.34

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Whilst Artisan Partners Asset Management made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%), this is metric is skewed due to its high level of debt.
  • Artisan Partners Asset Management used its assets more efficiently than the DE Capital Markets industry average last year based on Return on Assets.
  • Artisan Partners Asset Management has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Artisan Partners Asset Management's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Artisan Partners Asset Management has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

AP0 Health

 How is Artisan Partners Asset Management's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Artisan Partners Asset Management's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Artisan Partners Asset Management is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Artisan Partners Asset Management's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Artisan Partners Asset Management's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Artisan Partners Asset Management Company Filings, last reported 2 months ago.

DB:AP0 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 181.61 199.10 143.63
2019-09-30 161.68 199.06 173.30
2019-06-30 145.56 199.38 158.72
2019-03-31 129.50 199.34 154.37
2018-12-31 174.84 199.30 174.91
2018-09-30 167.57 199.26 226.97
2018-06-30 210.23 199.21 236.98
2018-03-31 180.57 199.17 245.61
2017-12-31 170.65 199.13 159.17
2017-09-30 172.06 198.93 221.75
2017-06-30 154.83 199.56 217.39
2017-03-31 140.71 199.52 222.18
2016-12-31 117.71 199.48 156.78
2016-09-30 120.02 199.44 212.61
2016-06-30 115.25 199.40 197.79
2016-03-31 120.61 199.36 217.92
2015-12-31 116.55 199.31 166.19
2015-09-30 118.30 200.00 217.67
2015-06-30 112.03 200.00 215.46
2015-03-31 109.46 200.00 215.11
2014-12-31 107.50 200.00 182.28
2014-09-30 146.37 200.00 266.58
2014-06-30 124.33 200.00 236.69
2014-03-31 119.58 200.00 238.63
2013-12-31 132.31 200.00 231.00
2013-09-30 95.94 200.00 294.35
2013-06-30 62.22 200.00 273.47
2013-03-31 5.75 200.00 212.10
  • Artisan Partners Asset Management's level of debt (109.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (186% vs 109.6% today).
  • Debt is well covered by operating cash flow (147.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 60.6x coverage).
X
Financial health checks
We assess Artisan Partners Asset Management's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Artisan Partners Asset Management has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

AP0 Dividends

 What is Artisan Partners Asset Management's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
14.1%
Current annual income from Artisan Partners Asset Management dividends. Estimated to be 12.45% next year.
If you bought €2,000 of Artisan Partners Asset Management shares you are expected to receive €282 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Artisan Partners Asset Management's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.68%).
  • Artisan Partners Asset Management's dividend is above the markets top 25% of dividend payers in Germany (4.96%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:AP0 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
Germany Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 3.4%
Germany Market Average Dividend Yield Market Cap Weighted Average of 320 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:AP0 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 3.20 1.00
2021-12-31 2.71 5.00
2020-12-31 2.64 5.00
2020-03-28
DB:AP0 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-02-18 3.080 12.536
2020-02-04 3.080 8.493
2019-10-30 3.390 10.868
2019-10-29 3.390 12.210
2019-07-31 3.340 12.264
2019-07-30 3.340 11.284
2019-05-01 3.230 12.047
2019-04-30 3.230 11.395
2019-02-20 3.270 12.292
2019-02-04 3.270 13.278
2018-10-25 3.190 13.179
2018-07-25 3.190 9.940
2018-04-26 3.190 9.959
2018-02-01 3.190 9.473
2017-10-25 2.760 7.179
2017-07-27 2.760 8.691
2017-04-26 2.760 9.261
2017-01-27 2.760 9.768
2016-10-25 2.800 9.743
2016-07-21 2.800 10.242
2016-04-20 2.800 9.174
2016-01-26 2.800 9.616
2015-10-21 3.350 9.425
2015-07-23 3.350 8.353
2015-04-22 3.350 7.323
2015-02-25 3.350 7.229
2015-02-02 3.350 7.100
2014-10-15 2.200 4.449
2014-07-15 2.200 4.142
2014-04-22 2.200 3.917
2014-02-03 2.200 3.572
2013-10-23 1.720 2.718
2013-07-17 1.720 3.322

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Artisan Partners Asset Management has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Artisan Partners Asset Management only paid a dividend in the past 7 years.
Current Payout to shareholders
What portion of Artisan Partners Asset Management's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (0.9x coverage).
X
Income/ dividend checks
We assess Artisan Partners Asset Management's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Artisan Partners Asset Management afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Artisan Partners Asset Management has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

AP0 Management

 What is the CEO of Artisan Partners Asset Management's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Eric Colson
COMPENSATION $5,845,406
AGE 50
TENURE AS CEO 9 years
CEO Bio

Mr. Eric Richard Colson, CFA is the Chief Executive Officer and President at Artisan Partners Asset Management Inc. since March 2011 and has been its Chairman since August 1, 2015, and Director since March 2011. Mr. Colson served as the Chief Operating Officer for Investment Operations at the firm from March 2007 through January 2010. He has also been a director of Artisan Partners Funds, Inc. since November 2013. He also serves as the Chief Executive Officer and President at Artisan Partners Limited Partnership since January 2010. Mr. Colson served as a Managing Director at the firm. Prior to joining the firm in January 2005, he was an Executive Vice President at Callan Associates, Inc., where he managed the institutional consulting group, providing business and investment advice to asset management firms. Prior to managing the institutional consulting group, Mr. Colson managed the firm's global manager research. He is a Chartered Financial Analyst. Mr. Colson holds a BA in Economics from the University of California, Irvine.

CEO Compensation
  • Eric's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Eric's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Artisan Partners Asset Management management team in years:

5.3
Average Tenure
49
Average Age
  • The average tenure for the Artisan Partners Asset Management management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Eric Colson

TITLE
Chairman
COMPENSATION
$6M
AGE
50
TENURE
9 yrs

C.J. Daley

TITLE
Executive VP
COMPENSATION
$2M
AGE
56
TENURE
9 yrs

Sarah Johnson

TITLE
Executive VP
COMPENSATION
$2M
AGE
47
TENURE
6.4 yrs

Gregory Ramirez

TITLE
Executive Vice President
COMPENSATION
$2M
AGE
48
TENURE
6.4 yrs

Jason Gottlieb

TITLE
Executive VP & COO of Investments
COMPENSATION
$4M
AGE
49
TENURE
3.4 yrs

Makela Taphorn

TITLE
Director of Management Reporting & Investor Relations

James Hamman

TITLE
Executive Vice President
COMPENSATION
$2M
AGE
49
TENURE
4.1 yrs

Bryan Krug

TITLE
MD & Portfolio Manager of High Income Strategy
TENURE
2.2 yrs

Maria Gruson

TITLE
MD & Portfolio Manager of Emerging Markets Team

Rezo Kanovich

TITLE
MD & Portfolio Manager
AGE
44
TENURE
1.4 yrs
Board of Directors Tenure

Average tenure and age of the Artisan Partners Asset Management board of directors in years:

7.1
Average Tenure
61
Average Age
  • The tenure for the Artisan Partners Asset Management board of directors is about average.
Board of Directors

Eric Colson

TITLE
Chairman
COMPENSATION
$6M
AGE
50
TENURE
4.6 yrs

Matthew Barger

TITLE
Independent Director
COMPENSATION
$190K
AGE
61
TENURE
7.1 yrs

Stephanie DiMarco

TITLE
Independent Director
COMPENSATION
$200K
AGE
61
TENURE
7.1 yrs

Jeff Joerres

TITLE
Independent Director
COMPENSATION
$190K
AGE
59
TENURE
7.1 yrs

Andy Ziegler

TITLE
Lead Independent Director
COMPENSATION
$200K
AGE
61
TENURE
4.6 yrs

Tench Coxe

TITLE
Independent Director
COMPENSATION
$150K
AGE
61
TENURE
7.1 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Artisan Partners Asset Management individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
17. Mar 20 Buy Tench Coxe Individual 13. Mar 20 13. Mar 20 150,000 €19.95 €2,846,928
X
Management checks
We assess Artisan Partners Asset Management's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Artisan Partners Asset Management has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

AP0 News

Simply Wall St News

AP0 Company Info

Description

Artisan Partners Asset Management Inc. is publicly owned investment manager. It provides its services to pension and profit sharing plans, trusts, endowments, foundations, charitable organizations, government entities, private funds and non-U.S. funds, as well as mutual funds, non-U.S. funds and collective trusts. It manages separate client-focused equity and fixed income portfolios. The firm invests in the public equity and fixed income markets across the globe. It invests in growth and value stocks of companies across all market capitalization. For fixed income component of its portfolio the firm invests in non-investment grade corporate bonds and secured and unsecured loans. It employs fundamental analysis to create its portfolios. Artisan Partners Asset Management Inc. was founded in 1994 and is based in Milwaukee, Wisconsin with additional offices in Atlanta, Georgia; New York City; San Francisco, California; Leawood, Kansas; and London, United Kingdom.

Details
Name: Artisan Partners Asset Management Inc.
AP0
Exchange: DB
Founded: 1994
$1,548,486,207
$1,163,012,060
78,613,353
Website: http://www.artisanpartners.com
Address: Artisan Partners Asset Management Inc.
875 East Wisconsin Avenue,
Suite 800,
Milwaukee,
Wisconsin, 53202,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE APAM Class A Common Stock New York Stock Exchange US USD 08. Mar 2013
DB AP0 Class A Common Stock Deutsche Boerse AG DE EUR 08. Mar 2013
Number of employees
Current staff
Staff numbers
440
Artisan Partners Asset Management employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/28 22:43
End of day share price update: 2020/03/27 00:00
Last estimates confirmation: 2020/03/26
Last earnings filing: 2020/02/18
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.