{"id":45614,"date":"2015-09-24T17:04:00","date_gmt":"2015-09-24T17:04:00","guid":{"rendered":"https:\/\/wp2.inovestor.com\/2015\/09\/amtrust-financial-services-afsi\/"},"modified":"2015-09-24T17:04:00","modified_gmt":"2015-09-24T17:04:00","slug":"amtrust-financial-services-afsi","status":"publish","type":"post","link":"https:\/\/www.inovestor.com\/fr-ca\/2015\/09\/amtrust-financial-services-afsi\/","title":{"rendered":"Amtrust Financial Services (AFSI)"},"content":{"rendered":"<p>Dans l&rsquo;analyse de contenu de cette semaine, nous nous penchons sur la compagnie Amtrust Financial Services (AFSI), qui fait partie de notre portefeuille mod\u00e8le depuis mars 2013 et qui s&rsquo;est toujours maintenue dans les SPscore les plus \u00e8lev\u00e8s (84%) aux \u00c9tats-Unis dans les derni\u00e8res ann\u00e8es. Bas\u00e8e dans la ville de New York, Amtrust \u2248\u00ecuvre dans trois principaux segments de march\u00e8 : petite entreprise, risque sp\u00e8cifique et garantie prolong\u00e8e, et en solutions sp\u00e8cialis\u00e8es. <\/p>\n<p>La cote SP Performance, une composante du SPscore, s&rsquo;\u00e8l\u00e8ve \u00e0 84% pour Amtrust, et il s&rsquo;agit de la 6e meilleure cote de performance \u00e8conomique de notre base de donn\u00e8es. L&rsquo;\u00e8cart de performance, soit la soustraction du rendement sur capital &#8211; co\u00fbt du capital, est \u00e8lev\u00e8 (19%) et en croissance. Depuis septembre 2010, la valeur intrins\u00e8que d&rsquo;Amtrust a toujours \u00e8t\u00e8 sup\u00e8rieure au prix de l&rsquo;action et l&rsquo;\u00e8cart entre les deux s&rsquo;est particuli\u00e8rement creus\u00e8 depuis septembre 2013. En date du 23 septembre, le ratio P\/VI est de 0.5, refl\u00e8tant un potentiel d&rsquo;appr\u00e8ciation de 100%. La valeur de croissance future (FGV) nous indique \u00e8galement qu&rsquo;il y a escompte (16%) par rapport \u00e0 la valeur des op\u00e8rations courantes (COV) de la compagnie.  <a href=\"\/uploads\/Content\/FR\/AFSI%20(fr).pdf\"> <img decoding=\"async\" src=\"data:image\/png;base64,iVBORw0KGgoAAAANSUhEUgAAABQAAAAYCAYAAAD6S912AAAAAXNSR0IArs4c6QAAAARnQU1BAACxjwv8YQUAAAAJcEhZcwAADsMAAA7DAcdvqGQAAAAadEVYdFNvZnR3YXJlAFBhaW50Lk5FVCB2My41LjEwMPRyoQAAAN5JREFUSEvdlcENwyAMAIn64NkROkSePMoKzJERMgEzZMwoH1DkYhSiJDJgIvXRPk4Cy1xsS1bENE3Q9z2LYRjAOScAIIswxpCPc2itYVkWUoZE4ZYU7mSS9N6fPlyScoQiCZVSse2StEmIefM8wziOWWmzEPPWdRU5KVfYXfOC9E1Jb1WY4lSlTUJ8WMJaCywhwlkA9HCFz0B3ie0cR8KusMT\/CiURi\/x2y9m2SpSEry3pcThXCcJ917\/eMvmgRq1CXLHjLNMdR5DGkM4xLwjlSUgt+h2isOU3WsNaCx9FtNaZP8PEygAAAABJRU5ErkJggg==\" \/> <span>Download<\/span> <\/a><\/p>\n<p>La performance \u00e8conomique d&rsquo;Amtrust s&rsquo;est grandement am\u00e8lior\u00e8e au cours des trois derni\u00e8res ann\u00e8es. Le profit net d&rsquo;op\u00e8ration apr\u00e8s imp\u221a\u00a5ts (NOPAT) est pass\u00e8 de 229.68M$ en 2013 \u00e0 532.8M$ en 2015, une augmentation de 132%. Sur le long terme, l&rsquo;EVA a connu une bonne croissance et s&rsquo;\u00e8l\u00e8ve au total \u00e0 389.7M$ en juin 2015. <\/p>\n<p>En terminant avec la performance comptable, Amtrust a offert une croissance du dividende \u00e0 chaque ann\u00e8e depuis 5 ans, \u00e0 un taux moyen de 39% par ann\u00e8e. La compagnie a r\u00e8cemment annonc\u00e8 un paiement de dividende de 0.30$ payable le 15 octobre, et la date ex-dividende est le 29 septembre. Pour ce qui est des fonds lib\u00e8r\u00e8s (free cash-flow), ceux-ci ont diminu\u00e8 \u00e0 488.2M$ pour les 12 mois se terminant en juin 2015, mais cela repr\u00e8sente tout de m\u00eame 3.8% du capital total investit, un ratio satisfaisant.  <\/p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dans l&rsquo;analyse de contenu de cette semaine, nous nous penchons sur la compagnie Amtrust Financial Services (AFSI), qui fait partie de notre portefeuille mod\u00e8le depuis mars 2013 et qui s&rsquo;est toujours maintenue dans les SPscore les plus \u00e8lev\u00e8s (84%) aux \u00c9tats-Unis dans les derni\u00e8res ann\u00e8es. Bas\u00e8e dans la ville de New York, Amtrust \u2248\u00ecuvre dans [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[6],"tags":[439],"class_list":["post-45614","post","type-post","status-publish","format-standard","hentry","category-intelligence","tag-afsi"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.3 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Amtrust Financial Services (AFSI) - Inovestor<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.inovestor.com\/fr-ca\/2015\/09\/amtrust-financial-services-afsi\/\" \/>\n<meta property=\"og:locale\" content=\"fr_CA\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Amtrust Financial Services (AFSI)\" \/>\n<meta property=\"og:description\" content=\"Dans l&rsquo;analyse de contenu de cette semaine, nous nous penchons sur la compagnie Amtrust Financial Services (AFSI), qui fait partie de notre portefeuille mod\u00e8le depuis mars 2013 et qui s&rsquo;est toujours maintenue dans les SPscore les plus \u00e8lev\u00e8s (84%) aux \u00c9tats-Unis dans les derni\u00e8res ann\u00e8es. 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