Intrinsic value of Artisan Partners Asset Management Inc. (APAM)

[per Chepakovich valuation model]

other valuations of APAM

[per Chepakovich valuation model]  See other valuations of APAM stock

Previous Close$49.17
Intrinsic Value
Upside potential
Previous Close
$49.17

VALUATION INPUT DATA

Revenue, mln $
Initial revenue growth rate (norm.), %
Variable cost ratio, %
Fixed operating expenses, mln $
Production assets / Revenue, %
Working capital / Revenue, %
Interest rate on debt, %
Life of production assets, yrs
Initial discount rate, %
Shares outstanding, mln
Adjusted equity ratio
Adjusted assets / Revenue
Based on fiscal year data as of 2020-12-31 and quarterly data as of 2021-03-31.
NOTE: The bar chart shows historic and forecasted yearly revenue growth rates. Its purpose is to help you in determining what initial revenue rate you want to base your stock valuation on. Please make sure that you are confident in the value you select - for most stocks it is by far the most important parameter in valuation.
  1. Annual
  2. Quarterly YoY
  3. Quarterly QoQ

Annual revenue growth rates, % (past and forecasted)

show cash flow forecast

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year2020(a)2021202220232024202520262027202820292030203120322033203420352036203720382039204020412042204320442045

INCOME STATEMENT

Revenue growth rate, %12.6NaN
Revenue, $900NaN
Variable operating expenses, $mNaN
Fixed operating expenses, $mNaN
Total operating expenses, $m541NaN
Operating income, $m358NaN
EBITDA, $m365NaN
Interest expense (income), $mNaN
Earnings before tax, $m250NaN
Tax expense, $m61NaN
Net income, $m189NaN

BALANCE SHEET

Cash and short-term investments, $m199NaN
Total assets, $m1152NaN
Adjusted assets (=assets-cash), $m953NaN
Average production assets, $m38NaN
Working capital, $m-246NaN
Total debt, $m199NaN
Total liabilities, $m961NaN
Total equity, $m191NaN
Debt-to-equity ratio1.043NaN
Adjusted equity ratio-0.009NaN

CASH FLOW

Net income, $m189NaN
Depreciation, amort., depletion, $m7NaN
Funds from operations, $mNaN
Change in working capital, $mNaN
Cash from operations, $m319NaN
Maintenance CAPEX, $mNaN
New CAPEX, $mNaN
Total CAPEX, $m-3NaN
Free cash flow, $m322NaN
Issuance/(repurchase) of shares, $mNaN
Retained Cash Flow, $mNaN
Pot'l extraordinary dividend, $m-246
Cash available for distribution, $mNaN
Discount rate, %NaN
PV of cash for distribution, $mNaN
Current shareholders' claim on cash, %NaN