Company Valuation: AMERISAFE, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027
Market Cap 1 1,042 995.2 896.8 981.3 726.4 556.8 -
Change - -4.5% -9.89% 9.43% -25.97% -23.35% -
Enterprise Value (EV) 1,042 995.2 896.8 981.3 726.4 556.8 556.8
Change - -4.5% -9.89% 9.43% -25.97% -23.35% 0%
P/E 15.9x - 14.5x 17.8x - 15.2x 15.4x
PBR 2.61x 3.14x 3.06x 3.81x 2.87x 2.4x 2.34x
PEG - - - -1.7x - - -10.16x
Capitalization / Revenue 3.3x 3.38x 2.92x 3.18x 2.29x 1.63x 1.6x
EV / Revenue 0x 0x 0x 0x 0x 1.63x 1.6x
EV / EBITDA - - - - - - -
EV / EBIT 0x 0x 0x 0x 0x 10.7x 12.2x
EV / FCF - - - - - - -
FCF Yield - - - - - - -
Dividend per Share 2 5.16 - 4.86 4.48 - 1.64 1.72
Rate of return 9.59% - 10.4% 8.69% - 5.46% 5.72%
EPS 2 3.39 - 3.23 2.89 - 1.98 1.95
Distribution rate 152% - 150% 155% - 82.8% 88.2%
Net sales 1 315.9 294.7 306.9 309 317.3 340.8 347.6
EBITDA - - - - - - -
EBIT 1 79.45 67.65 77.38 69.06 58.85 51.84 45.61
Net income 1 65.76 55.6 62.11 55.44 47.14 41.59 36.71
Net Debt - - - - - - -
Reference price 2 53.83 51.97 46.78 51.54 38.41 30.06 30.06
Nbr of stocks (in thousands) 19,359 19,150 19,170 19,040 18,913 18,524 -
Announcement Date 2/22/22 2/20/23 2/21/24 2/26/25 2/25/26 - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
4.02x - - 0.88% 2.05B
15.61x1.71x - -.--% 1.02B
9.65x2.72x6.3x5.34% 476M
Average 9.76x 2.22x 6.30x 2.07% 1.18B
Weighted average by Cap. 8.11x 2.03x 6.30x 1.22%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield