AMERISAFE, Inc. Financial Ratios — A3I Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	7.12	8.03	10.94	12.43	15.64	17.11	10.49	17.15	22.07	19.93	15.69	15.51	20.37	20.17	18.53
Return on Assets (%)	2.14	2.48	3.42	3.85	4.76	5.16	3.04	4.72	6.16	5.84	4.58	4.16	4.97	4.64	4.12
Return on Capital (%)	6.83	7.88	10.94	12.43	15.64	17.11	10.49	17.15	22.07	19.93	15.69	15.51	20.37	20.17	18.53
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	9.75	11.56	16.61	18.25	25.14	28.44	21.92	23.18	31.19	31.49	25.14	22.95	25.21	22.34	18.55
Profit Margin (%)	8.62	9.14	12.25	13.28	17.54	19.63	12.32	18.96	25.03	25.51	20.81	18.87	20.24	17.93	14.86
Net Income to Common Margin (%)	8.62	9.14	12.25	13.28	17.54	19.63	12.32	18.96	25.03	25.51	20.81	18.87	20.24	17.93	14.86
Effective Tax Rate (%)	11.61	20.97	26.29	27.23	30.21	30.98	43.79	18.21	19.76	19	17.23	17.8	19.73	19.72	19.89
Dvd Payout Ratio (%)	- -	- -	13.54	69.07	97.3	97.75	178.77	117.95	93.88	102.51	151.97	180.62	150.23	154.12	103.1
Sustainable Growth Rate (%)	7.12	8.03	9.45	3.84	0.42	0.39	-8.26	-3.08	1.35	-0.5	-8.15	-12.51	-10.23	-10.91	-0.57

Credit (USD)

Credit Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	26	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	26	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	1	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	30.55	31.22	31.36	30.67	30.22	30.03	28.02	27.03	28.82	29.83	28.47	25.01	23.79	22.23	22.25
Long-Term Debt/Equity (%)	7.38	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	6.87	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Total Assets (%)	2.25	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Equity (%)	7.38	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Capital (%)	6.87	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Total Assets (%)	2.25	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt to Equity	-5.65	-24.31	-29.53	-20.35	-15.3	-12.92	-13.06	-9.85	-10.18	-14.07	-17.71	-19.36	-13.23	-17.12	-24.61
Net Debt/Capital (%)	-5.99	-32.12	-41.9	-25.55	-18.07	-14.84	-15.02	-10.92	-11.34	-16.38	-21.52	-24.01	-15.24	-20.65	-32.65
EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Quick Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	30.55	31.22	31.36	30.67	30.22	30.03	28.02	27.03	28.82	29.83	28.47	25.01	23.79	22.23	22.25
Long-Term Debt/Equity (%)	7.38	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	6.87	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Total Assets (%)	2.25	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Equity (%)	7.38	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Capital (%)	6.87	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Total Assets (%)	2.25	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Total Liabilities	5.5	9.65	14.16	13.93	8.86	10.75	11.97	8.88	7.42	6.14	3.79	2.96	3.19	2.69	1.26
CFO/CapEx	38.75	67.77	113.3	142.25	97.44	69.73	273.66	87.27	77.43	68.84	29.3	13.5	53.96	28.8	5.15
Altman's Z-Score	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	1.65	1.39	1.45	1.58	1.48	1.46	1.41	1.4	1.4	1.31	1.22	1.17	1.2	1.18	1.2
Days Sales Outstanding	221.12	261.74	251.06	231.15	245.95	249.88	258.3	260.33	260.34	277.61	299.28	311.53	303.39	308.49	304.11
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory to Cash Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1,009	891	970	712
- Cash & Cash Equivalents	46	93	123	91	69	59	56	40	44	62	71	61	39	44	62
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	26	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	612	758	839	563
Total Capital	375	381	417	447	454	456	425	410	430	439	399	317	292	257	252
Total Debt/Capital (%)	6.87	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt / EV	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2.08	2.47	2.71	1.77
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	21.72	25.4	34.69	50.82
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	23.46	25.88	35.94	63.06
Diluted Market Cap	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1,018	896	975	723
Diluted Enterprise Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	621	762	845	573
EV per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	31.97	39.61	44.05	29.93
TTM Sales	281	321	356	404	402	397	375	378	370	340	316	295	307	309	317
TTM EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	45	81	129	141	93	114	131	98	79	63	38	28	30	24	11
TTM Free Cash Flow to Firm	44	80	128	140	92	113	130	97	78	62	37	26	29	23	9

Multiples (USD)

Valuation Multiples API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	38.99	30.58	41.77	81.02
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	612	758	839	563
Low Price	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	44.56	45.23	41.77	36.14
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2.08	2.47	2.71	1.77
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	18.22	14.36	17.51	15.25
Price/Earnings Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	17.2	15.95	16.87	18.32
Price/Earnings High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	20.17	17.73	20.41	21.31
Price/Earnings Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	15.42	13.95	14.37	14.55
Price/Book Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	3.18	3.05	3.77	2.83
Price/Book Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	3	3.39	3.63	3.4
Price/Book Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	3.52	3.76	4.39	3.96
Price/Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2.69	2.96	3.09	2.7
Price/Tangible Book Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	3.18	3.05	3.77	2.83
Price/Tangible Book Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	3	3.39	3.63	3.4
Price/Tangible Book Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	3.52	3.76	4.39	3.96
Price/Tangible Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2.69	2.96	3.09	2.7
Price/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	3.44	2.91	3.14	2.27
Price/Sales Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	3.25	3.23	3.02	2.72
Price/Sales High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	3.81	3.59	3.66	3.17
Price/Sales Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2.91	2.82	2.58	2.16
Price/Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	35.94	29.89	40.13	64.95
Price/Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	33.93	33.2	38.65	78.03
Price/Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	39.79	36.9	46.78	90.78
Price/Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	30.4	29.02	32.93	61.96
Price/Free Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	36.81	33.97	40.23	97.34
Price/Free Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	43.17	37.75	48.69	113.24
Price/Free Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	32.98	29.69	34.27	77.29
EV/Sales Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1.89	2.79	2.6	2.23
EV/Sales High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2.45	3.15	3.23	2.67
EV/Sales Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1.55	2.39	2.15	1.67
EV/EBITDA Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	52.68	46.58	50.91	37.88
High Price	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	58.32	57.51	59.34	52.95
Enterprise Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	556	857	803	706
Enterprise Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	721	967	1,000	846
Enterprise Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	457	732	665	530

Per Share Data Items (USD)

Per-Share Data API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Shares Outstanding	18	18	19	19	19	19	19	19	19	19	19	19	19	19	19
Diluted Weighted Avg Shares	19	19	19	19	19	19	19	19	19	19	19	19	19	19	19
Basic Weighted Avg Shares	18	18	18	19	19	19	19	19	19	19	19	19	19	19	19
Revenue per Share	15.38	17.68	19.39	21.67	21.2	20.76	19.58	19.67	19.24	17.6	16.35	15.32	16.03	16.21	16.72
EBITDA per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	1.32	1.62	2.38	2.88	3.72	4.08	2.41	3.73	4.82	4.49	3.4	2.89	3.24	2.91	2.48
Basic EPS from Cont Ops	1.32	1.62	2.38	2.88	3.72	4.08	2.41	3.73	4.82	4.49	3.4	2.89	3.24	2.91	2.48
Diluted EPS, GAAP	1.29	1.58	2.33	2.84	3.69	4.05	2.4	3.71	4.8	4.47	3.39	2.88	3.23	2.89	2.47
Diluted EPS from Cont Ops	1.29	1.58	2.33	2.84	3.69	4.05	2.4	3.71	4.8	4.47	3.39	2.88	3.23	2.89	2.47
Dividend per Share	- -	- -	0.32	1.99	3.62	3.98	4.31	4.4	4.52	4.6	5.17	5.22	4.87	4.48	2.56
Cash Flow per Share	2.39	4.46	7.03	7.54	4.9	5.98	6.83	5.12	4.1	3.29	1.96	1.47	1.56	1.27	0.58
Free Cash Flow per Basic Share	2.33	4.4	6.97	7.49	4.85	5.89	6.8	5.06	4.04	3.24	1.9	1.36	1.53	1.22	0.47
Cash & Equivalents per Share	10.65	17.02	23.95	24.12	23.9	29.52	28.42	27.68	28.05	27	24.27	20.71	6.97	6.85	7.95
Book Value per Share	19.25	20.88	22.41	23.65	23.73	23.72	22.1	21.26	22.29	22.7	20.62	16.57	15.28	13.51	13.39
Tangible Book Value per Share	19.25	20.88	22.41	23.65	23.73	23.72	22.1	21.26	22.29	22.7	20.62	16.57	15.28	13.51	13.39