Acadian Asset Management Inc. (AAMI) vs Artisan Partners Asset Management Inc. (APAM)

Acadian Asset Management Inc. and Artisan Partners Asset Management Inc. are both Asset Management companies. Acadian Asset Management Inc. is the larger, with a market value of $3.3B against $2.7B — 1.2× the size. Artisan Partners Asset Management Inc. trades at the lower P/E: 7.8× against 32.5×. Acadian Asset Management Inc. grew revenue faster over the last twelve months: 24.2% against 9.78%. Artisan Partners Asset Management Inc. has the higher net margin (22.1% vs 15.2%) and the higher return on invested capital (84.8% vs 40.0%). Both pay a dividend; Artisan Partners Asset Management Inc. yields more (7.59% vs 0.34%). Across the 20 metrics below, Artisan Partners Asset Management Inc. leads on 17 and Acadian Asset Management Inc. on 3.

Valuation

Metric AAMI APAM Asset Management median
P/E 32.45 7.84 13.99
P/S 4.91 1.72 2.76
P/B 24.63 4.60 0.85
Price to free cash flow n/m 8.26 8.32
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 3.08% 12.76% 4.72%
Free cash flow yield (1.53%) 12.10% 4.44%

Profitability

Metric AAMI APAM Asset Management median
Gross margin 100.00% 43.31% 100.00%
Operating margin 23.68% 33.03% 33.42%
Net margin 15.17% 22.08% 13.37%
Free cash flow margin (7.49%) 20.78% 12.36%
Return on equity 92.14% 62.29% 4.79%
Return on assets 13.26% 18.97% 1.55%
Return on invested capital 39.99% 84.76% 2.97%

Growth

Metric AAMI APAM Asset Management median
Revenue growth (TTM) 24.21% 9.78% 7.42%
EPS growth (last fiscal year) (0.45%) 10.66% (6.67%)
Revenue growth, 5-year CAGR 2.45% 5.87% 12.51%
Net income growth, 5-year CAGR (22.53%) 4.57% 0.00%

Health

Metric AAMI APAM Asset Management median
Debt to equity 1.50 0.41 0.44
Current ratio 0.82 0.90 1.30
Net debt to EBITDA 0.51 (0.16) 1.02

Dividend

Metric AAMI APAM Asset Management median
Dividend yield 0.34% 7.59% 6.60%
Payout ratio 0.11 0.59 0.94

Size

Metric AAMI APAM Asset Management median
Market cap 3.29b 2.66b 694.86m

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