company background image
AMSF

AMERISAFENasdaqGS:AMSF Stock Report

Market Cap

US$1.1b

7D

3.1%

1Y

-1.8%

Updated

26 Sep, 2021

Data

Company Financials +
AMSF fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance4/6
Financial Health5/6
Dividends3/6

AMSF Overview

AMERISAFE, Inc., an insurance holding company, underwrites workers’ compensation insurance in the United States.

AMERISAFE Competitors

Price History & Performance

Summary of all time highs, changes and price drops for AMERISAFE
Historical stock prices
Current Share PriceUS$56.18
52 Week HighUS$53.50
52 Week LowUS$67.10
Beta0.35
1 Month Change-2.38%
3 Month Change-5.72%
1 Year Change-1.78%
3 Year Change-9.31%
5 Year Change-4.42%
Change since IPO524.22%

Recent News & Updates

Shareholder Returns

AMSFUS InsuranceUS Market
7D3.1%0.3%0.1%
1Y-1.8%42.2%35.3%

Return vs Industry: AMSF underperformed the US Insurance industry which returned 42.2% over the past year.

Return vs Market: AMSF underperformed the US Market which returned 35.3% over the past year.

Price Volatility

Is AMSF's price volatile compared to industry and market?
AMSF volatility
AMSF Beta0.35
Industry Beta0.97
Market Beta1

Stable Share Price: AMSF is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: AMSF's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1985394Gerry Frosthttps://www.amerisafe.com

AMERISAFE, Inc., an insurance holding company, underwrites workers’ compensation insurance in the United States. Its workers’ compensation insurance policies provide benefits to injured employees for temporary or permanent disability, death, and medical and hospital expenses. The company offers workers’ compensation insurance for small to mid-sized employers engaged in hazardous industries, principally construction, trucking, logging and lumber, manufacturing, agriculture, maritime, and oil and gas.

AMERISAFE Fundamentals Summary

How do AMERISAFE's earnings and revenue compare to its market cap?
AMSF fundamental statistics
Market CapUS$1.09b
Earnings (TTM)US$94.93m
Revenue (TTM)US$335.88m

11.5x

P/E Ratio

3.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
AMSF income statement (TTM)
RevenueUS$335.88m
Cost of RevenueUS$191.90m
Gross ProfitUS$143.99m
ExpensesUS$49.05m
EarningsUS$94.93m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Oct 27, 2021

Earnings per share (EPS)4.90
Gross Margin42.87%
Net Profit Margin28.26%
Debt/Equity Ratio0.0%

How did AMSF perform over the long term?

See historical performance and comparison

Dividends

8.3%

Current Dividend Yield

23%

Payout Ratio

Valuation

Is AMERISAFE undervalued compared to its fair value and its price relative to the market?

43.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: AMSF ($56.18) is trading below our estimate of fair value ($98.75)

Significantly Below Fair Value: AMSF is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: AMSF is poor value based on its PE Ratio (11.5x) compared to the US Insurance industry average (9.5x).

PE vs Market: AMSF is good value based on its PE Ratio (11.5x) compared to the US market (17.9x).


Price to Earnings Growth Ratio

PEG Ratio: AMSF's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: AMSF is overvalued based on its PB Ratio (2.3x) compared to the US Insurance industry average (1.1x).


Future Growth

How is AMERISAFE forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

-31.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AMSF's earnings are forecast to decline over the next 3 years (-31.5% per year).

Earnings vs Market: AMSF's earnings are forecast to decline over the next 3 years (-31.5% per year).

High Growth Earnings: AMSF's earnings are forecast to decline over the next 3 years.

Revenue vs Market: AMSF's revenue is expected to decline over the next 3 years (-6.2% per year).

High Growth Revenue: AMSF's revenue is forecast to decline over the next 3 years (-6.2% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if AMSF's Return on Equity is forecast to be high in 3 years time


Past Performance

How has AMERISAFE performed over the past 5 years?

7.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AMSF has high quality earnings.

Growing Profit Margin: AMSF's current net profit margins (28.3%) are higher than last year (25.6%).


Past Earnings Growth Analysis

Earnings Trend: AMSF's earnings have grown by 7.5% per year over the past 5 years.

Accelerating Growth: AMSF's earnings growth over the past year (5.3%) is below its 5-year average (7.5% per year).

Earnings vs Industry: AMSF earnings growth over the past year (5.3%) underperformed the Insurance industry 76%.


Return on Equity

High ROE: AMSF's Return on Equity (20.3%) is considered high.


Financial Health

How is AMERISAFE's financial position?


Financial Position Analysis

Short Term Liabilities: AMSF's short term assets ($472.1M) exceed its short term liabilities ($186.9M).

Long Term Liabilities: AMSF's short term assets ($472.1M) do not cover its long term liabilities ($851.0M).


Debt to Equity History and Analysis

Debt Level: AMSF is debt free.

Reducing Debt: AMSF has not had any debt for past 5 years.

Debt Coverage: AMSF has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: AMSF has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is AMERISAFE current dividend yield, its reliability and sustainability?

8.29%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: AMSF's dividend (8.29%) is higher than the bottom 25% of dividend payers in the US market (1.33%).

High Dividend: AMSF's dividend (8.29%) is in the top 25% of dividend payers in the US market (3.6%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, AMSF has been paying a dividend for less than 10 years.

Growing Dividend: AMSF's dividend payments have increased, but the company has only paid a dividend for 9 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (22.8%), AMSF's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.8yrs

Average management tenure


CEO

Gerry Frost (50 yo)

6.42yrs

Tenure

US$1,942,129

Compensation

Ms. Gerry Janelle Frost has been Chief Executive Officer since April 1, 2015 and President since September 3, 2013 of AMERISAFE Inc and American Interstate Insurance Company of Texas. She has been a Direct...


CEO Compensation Analysis

Compensation vs Market: Gerry's total compensation ($USD1.94M) is about average for companies of similar size in the US market ($USD2.30M).

Compensation vs Earnings: Gerry's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: AMSF's management team is considered experienced (3.8 years average tenure).


Board Members

Experienced Board: AMSF's board of directors are considered experienced (6.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: AMSF insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

AMERISAFE, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: AMERISAFE, Inc.
  • Ticker: AMSF
  • Exchange: NasdaqGS
  • Founded: 1985
  • Industry: Property and Casualty Insurance
  • Sector: Insurance
  • Market Cap: US$1.088b
  • Shares outstanding: 19.36m
  • Website: https://www.amerisafe.com

Number of Employees


Location

  • AMERISAFE, Inc.
  • 2301 Highway 190 West
  • Deridder
  • Louisiana
  • 70634
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/26 22:02
End of Day Share Price2021/09/24 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.