Amerisafe
AMERISAFE, Inc., an insurance holding company, provides workers’ compensation insurance in the United States. The last earnings update was 115 days ago. More info.
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AMSF Share Price and Events
7 Day Returns
1 Year Returns
AMSF Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Amerisafe (AMSF) | 4.3% | 15.8% | 0.2% | 9.9% | 21.4% | 60.9% |
| US Insurance | 1.5% | 6.8% | 2.7% | -1.4% | 35.6% | 41.5% |
| US Market | 1.2% | 6.6% | 1.2% | 0.9% | 44.3% | 41.3% |
1 Year Return vs Industry and Market
- AMSF outperformed the Insurance industry which returned -1.4% over the past year.
- AMSF outperformed the Market in United States of America which returned 0.9% over the past year.
AMSF Value
Is Amerisafe undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Amerisafe
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Amerisafe.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | Excess Returns Model | |
| Stable EPS |
Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity = $21.54 * 14.1% |
$3.04 |
| Book Value of Equity per Share | Weighted future Book Value estimates from 3 analysts. | $21.54 |
| Discount Rate (Cost of Equity) | See below | 8.5% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 7.3% |
| Insurance Unlevered Beta | Simply Wall St/ S&P Global | 0.74 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.744 (1 + (1- 21%) (0%)) |
0.744 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.8 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.8 * 7.27%) |
8.55% |
Discounted Cash Flow Calculation for NasdaqGS:AMSF using Excess Returns Model Model
The calculations below outline how an intrinsic value for Amerisafe is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.
In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.
The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.
Note the calculations below are per share.
See our documentation to learn about this calculation.
| Calculation | Result | |
|---|---|---|
| Excess Returns |
= (Stable Return on equity – Cost of equity) (Book Value of
Equity per share)
= (14.1% – 8.55%) * $21.54) |
$1.20 |
| Terminal Value of Excess Returns |
= Excess Returns / (Cost of Equity -
Expected Growth Rate)
= $1.20 / (8.55% - 2.73%) |
$20.66 |
| Value of Equity |
= Book Value per share + Terminal Value of
Excess Returns
= $21.54 + $20.66 |
$42.19 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $42.19 |
| Current discount | Discount to share price of
$64.16
= -1 x ($64.16 - $42.19) / $42.19 |
-52.1% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Amerisafe is above its future cash flow value.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Amerisafe's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Amerisafe's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-09-30) in USD | $2.79 |
| NasdaqGS:AMSF Share Price ** | NasdaqGS (2019-02-15) in USD | $64.16 |
| United States of America Insurance Industry PE Ratio | Median Figure of 93 Publicly-Listed Insurance Companies | 17.73x |
| United States of America Market PE Ratio | Median Figure of 3,045 Publicly-Listed Companies | 16.97x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Amerisafe.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NasdaqGS:AMSF Share Price ÷ EPS (both in USD) = 64.16 ÷ 2.79 |
23.03x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Amerisafe is overvalued based on earnings compared to the US Insurance industry average.
- Amerisafe is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Amerisafe's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 23.03x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts |
-2.7%per year |
| United States of America Insurance Industry PEG Ratio | Median Figure of 67 Publicly-Listed Insurance Companies | 0.99x |
| United States of America Market PEG Ratio | Median Figure of 2,115 Publicly-Listed Companies | 1.36x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 23.03x ÷ -2.7% |
-8.62x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Amerisafe earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Amerisafe's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-09-30) in USD | $23.89 |
| NasdaqGS:AMSF Share Price * | NasdaqGS (2019-02-15) in USD | $64.16 |
| United States of America Insurance Industry PB Ratio | Median Figure of 116 Publicly-Listed Insurance Companies | 1.27x |
| United States of America Market PB Ratio | Median Figure of 5,122 Publicly-Listed Companies | 1.82x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NasdaqGS:AMSF Share Price ÷ Book Value per Share (both in USD) = 64.16 ÷ 23.89 |
2.69x |
* Primary Listing of Amerisafe.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Amerisafe is overvalued based on assets compared to the US Insurance industry average.
Value checks
We assess Amerisafe's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Insurance industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Insurance industry average (and greater than 0)? (1 check) Amerisafe has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
AMSF Future Performance
How is Amerisafe expected to perform in the next 1 to 3 years based on estimates from 4 analysts?
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Amerisafe's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
- Amerisafe's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
- Amerisafe's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NasdaqGS:AMSF Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts | -2.7% |
| NasdaqGS:AMSF Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts | 3.3% |
| United States of America Insurance Industry Earnings Growth Rate | Market Cap Weighted Average | 17.8% |
| United States of America Insurance Industry Revenue Growth Rate | Market Cap Weighted Average | 2.8% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 13.3% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.1% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (4 months ago) | See Below |
| Future Estimates | Average of up to 4 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-12-31 | 405 | 62 | 2 | |
| 2019-12-31 | 391 | 62 | 3 | |
| 2018-12-31 | 378 | 70 | 3 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-09-30 | 378 | 99 | 53 |
| 2018-06-30 | 377 | 127 | 50 |
| 2018-03-31 | 372 | 120 | 49 |
| 2017-12-31 | 375 | 131 | 46 |
| 2017-09-30 | 379 | 134 | 65 |
| 2017-06-30 | 384 | 99 | 66 |
| 2017-03-31 | 392 | 108 | 67 |
| 2016-12-31 | 397 | 114 | 78 |
| 2016-09-30 | 401 | 113 | 82 |
| 2016-06-30 | 400 | 123 | 82 |
| 2016-03-31 | 402 | 91 | 80 |
| 2015-12-31 | 402 | 93 | 70 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (4 months ago) | See Below |
| Future Estimates | Average of up to 4 Analyst Estimates (S&P Global) | See Below |
All data from Amerisafe Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-12-31 | 3.23 | 3.50 | 2.95 | 2.00 |
| 2019-12-31 | 3.20 | 3.50 | 3.00 | 3.00 |
| 2018-12-31 | 3.72 | 3.85 | 3.59 | 2.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2018-09-30 | 2.79 |
| 2018-06-30 | 2.62 |
| 2018-03-31 | 2.55 |
| 2017-12-31 | 2.41 |
| 2017-09-30 | 3.37 |
| 2017-06-30 | 3.45 |
| 2017-03-31 | 3.51 |
| 2016-12-31 | 4.08 |
| 2016-09-30 | 4.29 |
| 2016-06-30 | 4.30 |
| 2016-03-31 | 4.19 |
| 2015-12-31 | 3.72 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Amerisafe's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Amerisafe has a total score of 0/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
AMSF Past Performance
How has Amerisafe performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Amerisafe's year on year earnings growth rate has been positive over the past 5 years.
- Amerisafe's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- Amerisafe's 1-year earnings growth is negative, it can't be compared to the US Insurance industry average.
Earnings and Revenue History
All data from Amerisafe Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-09-30 | 378.02 | 53.48 | 26.02 | |
| 2018-06-30 | 377.30 | 50.35 | 25.87 | |
| 2018-03-31 | 371.84 | 48.88 | 25.75 | |
| 2017-12-31 | 375.21 | 46.23 | 26.13 | |
| 2017-09-30 | 378.83 | 64.66 | 26.08 | |
| 2017-06-30 | 384.23 | 65.97 | 26.34 | |
| 2017-03-31 | 391.87 | 67.13 | 26.11 | |
| 2016-12-31 | 396.66 | 77.87 | 25.58 | |
| 2016-09-30 | 400.53 | 81.87 | 25.48 | |
| 2016-06-30 | 399.79 | 81.91 | 25.46 | |
| 2016-03-31 | 402.17 | 79.59 | 25.03 | |
| 2015-12-31 | 401.62 | 70.46 | 25.14 | |
| 2015-09-30 | 404.08 | 64.25 | 25.00 | |
| 2015-06-30 | 408.95 | 59.79 | 24.90 | |
| 2015-03-31 | 409.63 | 58.25 | 24.19 | |
| 2014-12-31 | 404.02 | 53.67 | 25.02 | |
| 2014-09-30 | 393.44 | 54.18 | 24.48 | |
| 2014-06-30 | 379.11 | 50.36 | 23.96 | |
| 2014-03-31 | 366.00 | 45.21 | 24.44 | |
| 2013-12-31 | 356.34 | 43.50 | 23.36 | |
| 2013-09-30 | 347.61 | 35.34 | 23.13 | |
| 2013-06-30 | 339.98 | 32.78 | 22.43 | |
| 2013-03-31 | 329.11 | 28.61 | 21.80 | |
| 2012-12-31 | 321.25 | 29.33 | 21.24 | |
| 2012-09-30 | 310.58 | 28.19 | 20.69 | |
| 2012-06-30 | 301.94 | 25.96 | 20.55 | |
| 2012-03-31 | 292.36 | 27.11 | 20.36 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Amerisafe has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Amerisafe used its assets more efficiently than the US Insurance industry average last year based on Return on Assets.
- Amerisafe's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Amerisafe's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Insurance industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Amerisafe has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
AMSF Health
How is Amerisafe's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Amerisafe's finances.
The net worth of a company is the difference between its assets and liabilities.
- Amerisafe is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Amerisafe's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- Low level of unsold assets.
- Amerisafe has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Amerisafe Company Filings, last reported 4 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-09-30 | 459.00 | 0.00 | 138.22 |
| 2018-06-30 | 445.39 | 0.00 | 127.99 |
| 2018-03-31 | 432.07 | 0.00 | 80.78 |
| 2017-12-31 | 425.42 | 0.15 | 81.33 |
| 2017-09-30 | 494.95 | 0.00 | 149.90 |
| 2017-06-30 | 481.39 | 0.00 | 100.60 |
| 2017-03-31 | 467.10 | 0.00 | 72.16 |
| 2016-12-31 | 456.15 | 0.00 | 88.52 |
| 2016-09-30 | 509.74 | 0.00 | 98.11 |
| 2016-06-30 | 495.95 | 0.00 | 87.32 |
| 2016-03-31 | 478.75 | 0.00 | 91.00 |
| 2015-12-31 | 453.98 | 0.00 | 77.20 |
| 2015-09-30 | 490.58 | 0.00 | 106.96 |
| 2015-06-30 | 472.80 | 0.00 | 68.42 |
| 2015-03-31 | 461.65 | 0.00 | 91.92 |
| 2014-12-31 | 446.97 | 0.00 | 124.64 |
| 2014-09-30 | 448.48 | 0.00 | 160.96 |
| 2014-06-30 | 435.48 | 0.00 | 184.62 |
| 2014-03-31 | 420.58 | 0.00 | 191.89 |
| 2013-12-31 | 416.81 | 0.00 | 207.50 |
| 2013-09-30 | 400.71 | 0.00 | 202.91 |
| 2013-06-30 | 392.52 | 0.00 | 165.36 |
| 2013-03-31 | 389.70 | 0.00 | 149.71 |
| 2012-12-31 | 381.22 | 0.00 | 161.60 |
| 2012-09-30 | 372.14 | 0.00 | 120.69 |
| 2012-06-30 | 363.45 | 12.89 | 120.60 |
| 2012-03-31 | 359.05 | 25.78 | 113.26 |
- Amerisafe has no debt.
- Amerisafe had no debt 5 years ago.
- Amerisafe has no debt, it does not need to be covered by operating cash flow.
- Amerisafe has no debt, therefore coverage of interest payments is not a concern.
Financial health checks
We assess Amerisafe's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Amerisafe has a total score of 5/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
AMSF Dividends
What is Amerisafe's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
Amerisafe
shares you are expected to receive
$137
in your first year as a dividend.
Dividend Amount
- Amerisafe's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).
- Amerisafe's dividend is above the markets top 25% of dividend payers in United States of America (3.59%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 4 Analyst Estimates (S&P Global) | See Below |
| United States of America Insurance Industry Average Dividend Yield | Market Cap Weighted Average of 80 Stocks | 2.5% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 1998 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.6% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2020-12-31 | 2.71 | 2.00 |
| 2019-12-31 | 2.67 | 2.00 |
| 2018-12-31 | 4.38 | 2.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2018-10-24 | 4.380 | 7.258 |
| 2018-04-25 | 4.380 | 7.151 |
| 2018-02-26 | 4.380 | 7.918 |
| 2017-10-27 | 4.300 | 6.916 |
| 2017-10-25 | 4.300 | 6.899 |
| 2017-07-28 | 4.050 | 7.120 |
| 2017-07-27 | 4.050 | 6.939 |
| 2017-04-28 | 4.050 | 7.372 |
| 2017-04-26 | 4.050 | 6.699 |
| 2017-02-24 | 4.050 | 6.306 |
| 2017-02-22 | 4.050 | 6.088 |
| 2016-10-27 | 3.970 | 6.349 |
| 2016-10-26 | 3.970 | 7.100 |
| 2016-07-29 | 3.720 | 6.367 |
| 2016-07-28 | 3.720 | 6.193 |
| 2016-04-29 | 3.720 | 6.198 |
| 2016-04-27 | 3.720 | 6.986 |
| 2016-02-26 | 3.720 | 7.226 |
| 2016-02-24 | 3.720 | 7.112 |
| 2015-10-29 | 3.600 | 7.033 |
| 2015-07-30 | 0.600 | 1.207 |
| 2015-04-30 | 0.600 | 1.316 |
| 2015-03-02 | 0.600 | 1.370 |
| 2015-02-27 | 0.600 | 1.444 |
| 2015-02-26 | 0.600 | 1.417 |
| 2014-10-30 | 0.480 | 1.138 |
| 2014-07-30 | 0.480 | 1.239 |
| 2014-04-30 | 0.480 | 1.235 |
| 2014-02-28 | 0.480 | 1.121 |
| 2014-02-26 | 0.480 | 1.137 |
| 2013-08-19 | 0.320 | 0.830 |
| 2013-05-01 | 0.320 | 0.932 |
| 2013-02-27 | 0.320 | 0.945 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Whilst dividend payments have been stable, Amerisafe has been paying a dividend for less than 10 years.
- Dividend payments have increased, but Amerisafe only paid a dividend in the past 6 years.
Current Payout to shareholders
What portion of
Amerisafe's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are well covered by earnings (3.2x coverage).
- Dividends after 3 years are expected to be covered by earnings (1.2x coverage).
Income/ dividend checks
We assess Amerisafe's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Amerisafe afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Amerisafe has a total score of 4/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
AMSF Management
CEO
| COMPENSATION | $1,869,102 |
| AGE | 47 |
| TENURE AS CEO | 3.8 years |
CEO Bio
Ms. Gerry Janelle Frost has served as Chief Executive Officer since April 2015 and President since September 2013 of AMERISAFE Inc and American Interstate Insurance Company of Texas. She has served as a Director of the company since April 2016. Prior to becoming Chief Executive Officer, Ms. Frost served as Chief Operating Officer of the company from May 2013 to April 2015. She served as Executive Vice President and Chief Financial Officer from November 2008 to April 2013, Controller from May 2004 to November 2008 and Vice President of the Company from May 2006 to November 2008. She has been employed with the Company since 1992 and served as Assistant Vice President from May 2004 to May 2006 and Deputy Controller from 1998 to April 2004. She served as President and Chief Executive Officer at Silver Oak Casualty, Inc. Ms. Frost serves as a Director of New Orleans Branch of Federal Reserve Bank of Atlanta.
CEO Compensation
- Gerry's compensation has been consistent with company performance over the past year.
- Gerry's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Amerisafe management team in years:
- The average tenure for the Amerisafe management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
Gerry Frost
President
$2M
47
3.8 yrs
Neal Fuller
Executive VP & CFO
$873K
56
3.4 yrs
Kathryn Shirley
Executive VP
$560K
52
6.8 yrs
Vince Gagliano
Executive VP & Chief Risk Officer
$646K
45
9.4 yrs
Brendan Gau
Executive VP & CIO
$493K
43
9.7 yrs
David Morton
Senior Vice President of Sales and Marketing
47
3.8 yrs
Henry Lestage
Senior Vice President of Claims Operations
57
18.4 yrs
Leon Lagneaux
Senior Vice President of Safety Operations
66
13.9 yrs
Kelly Goins
Senior Vice President of Underwriting Operations
52
13.9 yrs
Barbra McCrary
Senior Vice President of Policyholder Services
43
1.3 yrs
Board of Directors Tenure
Average tenure and age of the Amerisafe board of directors in years:
- The tenure for the Amerisafe board of directors is about average.
Board of Directors
Jared Morris
Chairman of the Board
$161K
43
2.8 yrs
Gerry Frost
President
$2M
47
2.8 yrs
Millard Morris
Director
$107K
74
11.7 yrs
Randy Roach
Director
$116K
67
11.9 yrs
Phil Garcia
Director
$126K
62
9.1 yrs
Michael Brown
Director
$116K
54
4.3 yrs
Daniel Phillips
Director
$105K
72
11.7 yrs
Teri Fontenot
Director
$110K
65
3.1 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 31. Aug 18 | Sell | Randall Roach | Individual | 29. Aug 18 | 29. Aug 18 | -800 | $63.50 | $-50,800 | ||
Management checks
We assess Amerisafe's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Amerisafe has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
AMSF News
Simply Wall St News
Should Amerisafe, Inc. (NASDAQ:AMSF) Be Part Of Your Portfolio?
Dividends can be underrated but they form a large part of investment returns, playing an important role in compounding returns in the long run. … Does Amerisafe tick all the boxes of a great dividend stock? … See our latest analysis for Amerisafe?
Simply Wall St - – Full articleAre Insiders Selling Amerisafe, Inc. (NASDAQ:AMSF) Stock?
So we'll take a look at whether insiders have been buying or selling shares in Amerisafe, Inc. … So we know that an insider sold shares at around the present share price of US$56.09. … Randall Roach was the only individual insider to sell shares in the last twelve months
Simply Wall St - – Full articleDon't Sell Amerisafe Inc (NASDAQ:AMSF) Before You Read This
This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … We'll look at Amerisafe Inc's (NASDAQ:AMSF) P/E ratio and reflect on what it tells us about the company's share price. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleDid Amerisafe Inc (NASDAQ:AMSF) Use Debt To Deliver Its ROE Of 12%?
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … That means that for every $1 worth of shareholders' equity, it generated $0.12 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleAmerisafe Inc's (NASDAQ:AMSF) Earnings Dropped -17%, Did Its Industry Show Weakness Too?
In this article, I will take a look at Amerisafe Inc's (NASDAQ:AMSF) track record on a high level, to give you some insight into how the company has been performing against its historical trend and its industry peers. … Did AMSF perform worse than its track record and industry. … Furthermore, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 4.4%, indicating the rate at which AMSF is growing has slowed down
Simply Wall St - – Full articleWhat Does Amerisafe Inc's (NASDAQ:AMSF) Share Price Indicate?
Amerisafe Inc (NASDAQ:AMSF), a insurance company based in United States,. … saw a decent share price growth in the teens level on the NasdaqGS over the last few months. … With many analysts covering the stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price?
Simply Wall St - – Full articleWhat Is The Future Prospect For Financials And Amerisafe Inc (NASDAQ:AMSF)?
is an insurance company operating in an industry, … which is a large constituent of the economy by virtue of the amount of premiums it collects, the scale of its investment and the role it plays by covering personal and business risks … Lean operation has become crucial as insurance firms are faced with an environment that is evolving considerably
Simply Wall St - – Full articleIs Amerisafe Inc's (NASDAQ:AMSF) 11.31% ROE Strong Compared To Its Industry?
I am writing today to help inform people who are new to the stock market. … and want to begin learning the link between Amerisafe Inc (NASDAQ:AMSF)’s return fundamentals and stock market performance. … Amerisafe Inc (NASDAQ:AMSF) delivered an ROE of 11.31% over the past 12 months, which is relatively in-line with its industry average of 9.42% during the same period.
Simply Wall St - – Full articleInterested In Amerisafe Inc (NASDAQ:AMSF)? Here's How It Performed Recently
Increase in profitability and industry-beating performance can be essential considerations in a stock for some investors. … In this article, I will take a look at Amerisafe Inc's (NASDAQ:AMSF) track record on a high level, to give you some insight into how the company has been performing against its historical trend and its industry peers. … Was AMSF weak performance lately part of a long-term decline.
Simply Wall St - – Full articleHow Does Amerisafe Inc (NASDAQ:AMSF) Fare As A Dividend Stock?
A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. … Over the past 5 years, Amerisafe Inc (NASDAQ:AMSF) has returned an average of 5.00% per year to shareholders in terms of dividend yield. … When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas:
Simply Wall St - – Full articleAMSF Company Info
Map
Description
AMERISAFE, Inc., an insurance holding company, provides 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 serves small to mid-sized employers involved in construction, trucking, logging and lumber, manufacturing, agriculture, maritime, oil and gas, and other industries through agencies. AMERISAFE, Inc. was incorporated in 1985 and is based in DeRidder, Louisiana.
Details
| Name: | Amerisafe, Inc. |
| AMSF | |
| Exchange: | NasdaqGS |
| Founded: | 1985 |
| $1,235,780,306 | |
| 19,260,915 | |
| Website: | http://www.amerisafe.com |
| Address: |
Amerisafe, Inc. 2301 Highway 190 West, DeRidder, Louisiana, 70634, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NasdaqGS | AMSF | Voting Common Stock | Nasdaq Global Select | US | USD | 18. Nov 2005 | |
| DB | A3I | Voting Common Stock | Deutsche Boerse AG | DE | EUR | 18. Nov 2005 |
Number of employees
Current staff
Industry
| Property and Casualty Insurance | |
| Insurance |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/02/18 02:01 |
| End of day share price update: | 2019/02/15 00:00 |
| Last estimates confirmation: | 2019/01/27 |
| Last earnings filing: | 2018/10/26 |
| Last earnings reported: | 2018/09/30 |
| Last annual earnings reported: | 2017/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
