Artisan Partners Asset Stock Beneish M Score

APAM Stock  USD 48.79  0.16  0.33%   
This module uses fundamental data of Artisan Partners to approximate the value of its Beneish M Score. Artisan Partners M Score tells investors if the company management is likely to be manipulating earnings. The score is calculated using eight financial indicators that are adjusted by a specific multiplier. Please note, the M Score is a probabilistic model and cannot detect companies that manipulate their earnings with 100% accuracy. Check out Artisan Partners Piotroski F Score and Artisan Partners Altman Z Score analysis.
  
At this time, Artisan Partners' Short and Long Term Debt Total is very stable compared to the past year. As of the 1st of December 2024, Long Term Debt is likely to grow to about 343.2 M, while Short Term Debt is likely to drop about 18 M. At this time, Artisan Partners' PB Ratio is very stable compared to the past year. As of the 1st of December 2024, EV To Sales is likely to grow to 3.60, while Days Sales Outstanding is likely to drop 28.73.
At this time, it appears that Artisan Partners Asset is an unlikely manipulator. The earnings manipulation may begin if Artisan Partners' top management creates an artificial sense of financial success, forcing the stock price to be traded at a high price-earnings multiple than it should be. In general, excessive earnings management by Artisan Partners executives may lead to removing some of the operating profits from subsequent periods to inflate earnings in the following periods. This way, the manipulation of Artisan Partners' earnings can lead to misrepresentations of actual financial condition, taking the otherwise loyal stakeholders on to the path of questionable ethical practices and plain fraud.
-3.27
Beneish M Score - Unlikely Manipulator
Elasticity of Receivables

0.82

Focus
Asset Quality

0.79

Focus
Expense Coverage

0.8

Focus
Gross Margin Strengs

0.74

Focus
Accruals Factor

0.8

Focus
Depreciation Resistance

1.1

Focus
Net Sales Growth

0.84

Focus
Financial Leverage Condition

1.52

Focus

Artisan Partners Beneish M-Score Indicator Trends

The cure to earnings manipulation is the transparency of financial reporting. It will typically remove the temptation of the top executives to inflate earnings (i.e., to promote the idea of 'winning at any cost'). Because a healthy internal audit department can enhance transparency, the board should promote the auditors' access to all the record-keeping systems across the enterprise. For example, if Artisan Partners' auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back.
Current ValueLast YearChange From Last Year 10 Year Trend
Net Receivables79.1 M114.5 M
Way Down
Slightly volatile
Total Revenue821.2 M975.1 M
Fairly Down
Slightly volatile
Total Assets868 M1.4 B
Way Down
Slightly volatile
Total Current Assets252.1 M307.8 M
Significantly Down
Slightly volatile
Non Current Assets Total616 M1.1 B
Way Down
Slightly volatile
Property Plant Equipment180.5 M171.9 M
Sufficiently Up
Slightly volatile
Selling General Administrative79.5 M118.5 M
Way Down
Very volatile
Total Current Liabilities432.1 M427.6 M
Fairly Up
Slightly volatile
Non Current Liabilities Total340.5 M374.5 M
Significantly Down
Slightly volatile
Short Term Debt18 M19 M
Notably Down
Slightly volatile
Long Term Debt343.2 M199.3 M
Way Up
Very volatile
Total Cash From Operating Activities269.3 M253 M
Notably Up
Slightly volatile
Short Term Investments143 M150.5 M
Notably Down
Slightly volatile
Long Term Investments540.3 M514.6 M
Sufficiently Up
Slightly volatile

Artisan Partners Asset Beneish M-Score Driver Matrix

One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to detect the potential manipulation of earnings. Understanding the correlation between Artisan Partners' different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Artisan Partners in a much-optimized way. Analyzing correlations between earnings drivers directly associated with dollar figures is the most effective way to find Artisan Partners' degree of accounting gimmicks and manipulations.

About Artisan Partners Beneish M Score

M-Score is one of many grading techniques for value stocks. It was developed by Professor M. Daniel Beneish of the Kelley School of Business at Indiana University and published in 1999 under the paper titled The Detection of Earnings Manipulation. The Beneish score is a multi-factor model that utilizes financial identifiers to compile eight variables used to classify whether a company has manipulated its reported earnings. The variables are built from the officially filed financial statements to create a final score call 'M Score.' The score helps to identify companies that are likely to manipulate their profits if they show deteriorating gross margins, operating expenses, and leverage against growing revenue.

Depreciation And Amortization

8.88 Million

At this time, Artisan Partners' Depreciation And Amortization is very stable compared to the past year.

Artisan Partners Earnings Manipulation Drivers

Although earnings manipulation is typically not the result of intentional misconduct by the c-level executives, it is still a widespread practice by the senior management of public companies such as Artisan Partners. It is usually done by a series of misrepresentations of various accounting rules and operating activities across multiple financial cycles. The best way to spot the manipulation is to examine the historical financial statement to find inconsistencies in earning reports to find trends in assets or liabilities that are not sustainable in the future.
201920202021202220232024 (projected)
Net Receivables81.9M99.9M115.9M103.6M114.5M79.1M
Total Revenue799M899.6M1.2B993.3M975.1M821.2M
Total Assets933.6M1.2B1.2B1.3B1.4B868.0M
Net Debt165.7M137M110.5M205.1M134.2M95.3M
Long Term Debt574.4M611.8M199.4M199.1M199.3M343.2M
Operating Income283.5M358.3M540.5M344.1M303.6M243.7M
Investments278K21.9M(21.0M)(63.7M)(39.8M)(37.8M)

Artisan Partners ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Artisan Partners' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Artisan Partners' managers, analysts, and investors.
Environmental
Governance
Social

About Artisan Partners Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Artisan Partners Asset's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Artisan Partners using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Artisan Partners Asset based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.

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When determining whether Artisan Partners Asset is a strong investment it is important to analyze Artisan Partners' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Artisan Partners' future performance. For an informed investment choice regarding Artisan Stock, refer to the following important reports:
Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Artisan Partners. If investors know Artisan will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Artisan Partners listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.35
Dividend Share
2.82
Earnings Share
3.6
Revenue Per Share
16.495
Quarterly Revenue Growth
0.124
The market value of Artisan Partners Asset is measured differently than its book value, which is the value of Artisan that is recorded on the company's balance sheet. Investors also form their own opinion of Artisan Partners' value that differs from its market value or its book value, called intrinsic value, which is Artisan Partners' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Artisan Partners' market value can be influenced by many factors that don't directly affect Artisan Partners' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Artisan Partners' value and its price as these two are different measures arrived at by different means. Investors typically determine if Artisan Partners is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Artisan Partners' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.