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AMERISAFE, Inc. is a specialty provider of workers compensation insurance focused on small to mid-sized employers engaged in hazardous industries, principally construction, trucking, logging and lumber, agriculture, services, manufacturing, and maritime. Since commencing operations in 1986, we have gained significant experience underwriting the complex workers compensation exposures in…
$34.32
+$0.42 (+1.24%)
Live · 05:19 PM
Net margin is thin at 14.86%. This may reflect rising credit costs, rate compression, or operational inefficiency.
Revenue growth slowed to 2.7%, essentially flat. This is a business that needs a catalyst.
Net income declined 15% YoY, profitability momentum has weakened.
14.1x earnings. In line with financial-sector norms. The question is whether the current credit environment supports sustained earnings at this level.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$325M
▲ +2.7% YoY
Net Income (TTM)
$46M
▼ -15.0% YoY
Net Margin
14.27%
P/E
14.1x
Balance Sheet
Total Assets
$1.12B
Equity
$247M
Total Debt
$0.00
Cash & Equiv.
$34M
5Y CAGR: -1.3%
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At a P/E of 14.1 and a price-to-free-cash-flow of 81.0, Amerisafe (AMSF) trades above a two-stage DCF intrinsic value of about $9.16 per share, so at $34.32 the stock looks overvalued (73.3% above estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Amerisafe scores 59/100 on Intrinsiqq's quality scorecard (a mixed business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 7.6%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about $9.16 per share for AMSF, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around $6.87. At today's $34.32, that puts the stock about 73.3% above estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Amerisafe scores 59 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a mixed business on these measures. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Yes, Amerisafe pays a regular dividend of about $2.59 per share per year (typically in quarterly installments), a yield of roughly 7.6% at the current price. That is a payout ratio of about 105.6% of earnings, so the dividend is stretched at this level. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For AMSF's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. AMSF currently trades above its estimated intrinsic value and scores 59/100 on quality (mixed). It also yields about 7.6%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.