Artisan Partners Asset Management Inc. (APAM) vs Cohen & Steers Inc (CNS)

Artisan Partners Asset Management Inc. and Cohen & Steers Inc are both Asset Management companies. Cohen & Steers Inc is the larger, with a market value of $3.8B against $3.2B — 1.2× the size. Artisan Partners Asset Management Inc. trades at the lower P/E: 9.4× against 22.4×. Artisan Partners Asset Management Inc. grew revenue faster over the last twelve months: 8.70% against 8.60%. Cohen & Steers Inc has the higher net margin (28.2% vs 22.5%) and the lower return on invested capital (0.00% vs 88.6%). Both pay a dividend; Artisan Partners Asset Management Inc. yields more (8.70% vs 3.58%). Across the 21 metrics below, Artisan Partners Asset Management Inc. leads on 14 and Cohen & Steers Inc on 7.

Valuation

Metric APAM CNS Asset Management median
P/E 9.41 22.38 13.38
P/S 2.10 6.31 2.99
P/B 5.44 5.56 0.91
Price to free cash flow 8.07 105.86 7.79
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 10.63% 4.47% 4.67%
Free cash flow yield 12.39% 0.94% 4.85%

Profitability

Metric APAM CNS Asset Management median
Gross margin 43.90% 100.00% 100.00%
Operating margin 33.37% 32.40% 27.27%
Net margin 22.54% 28.16% 11.89%
Free cash flow margin 26.00% 5.96% 5.96%
Return on equity 61.29% 27.10% 4.57%
Return on assets 18.33% 38.10% 1.40%
Return on invested capital 88.55% 0.00% 2.12%

Growth

Metric APAM CNS Asset Management median
Revenue growth (TTM) 8.70% 8.60% 7.26%
EPS growth (last fiscal year) 10.66% 0.00% (5.64%)
Revenue growth, 5-year CAGR 5.87% 5.40% 11.84%
Net income growth, 5-year CAGR 4.57% 14.88% 0.00%

Health

Metric APAM CNS Asset Management median
Debt to equity 0.39 0.00 0.40
Current ratio 0.96 9.19 1.23
Net debt to EBITDA (0.16) (2.97) 1.06

Dividend

Metric APAM CNS Asset Management median
Dividend yield 8.70% 3.58% 6.43%
Payout ratio 0.82 0.81 0.91

Size

Metric APAM CNS Asset Management median
Market cap 3.23b 3.77b 692.54m

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