APERAM (APAM.AS) Fundamental Analysis & Valuation

AMS:APAM • LU0569974404

Current stock price

40.08 EUR
+1.44 (+3.73%)
Last:

This APAM.AS fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

2

1. APAM.AS Profitability Analysis

1.1 Basic Checks

  • In the past year APAM was profitable.
  • In the past year APAM had a positive cash flow from operations.
  • Each year in the past 5 years APAM has been profitable.
  • APAM had a positive operating cash flow in each of the past 5 years.
APAM.AS Yearly Net Income VS EBIT VS OCF VS FCFAPAM.AS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B

1.2 Ratios

  • APAM has a Return On Assets of -0.48%. This is in the lower half of the industry: APAM underperforms 62.50% of its industry peers.
  • APAM has a worse Return On Equity (-0.94%) than 62.50% of its industry peers.
  • With a Return On Invested Capital value of 0.26%, APAM is not doing good in the industry: 67.50% of the companies in the same industry are doing better.
  • Measured over the past 3 years, the Average Return On Invested Capital for APAM is significantly below the industry average of 8.97%.
Industry RankSector Rank
ROA -0.48%
ROE -0.94%
ROIC 0.26%
ROA(3y)2.69%
ROA(5y)6.89%
ROE(3y)4.36%
ROE(5y)12.88%
ROIC(3y)1.34%
ROIC(5y)7.8%
APAM.AS Yearly ROA, ROE, ROICAPAM.AS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30

1.3 Margins

  • APAM's Profit Margin has declined in the last couple of years.
  • With a Operating Margin value of 0.17%, APAM is not doing good in the industry: 70.00% of the companies in the same industry are doing better.
  • APAM's Operating Margin has declined in the last couple of years.
  • With a Gross Margin value of 3.73%, APAM is not doing good in the industry: 85.00% of the companies in the same industry are doing better.
  • In the last couple of years the Gross Margin of APAM has declined.
Industry RankSector Rank
OM 0.17%
PM (TTM) N/A
GM 3.73%
OM growth 3Y-71.08%
OM growth 5Y-45.75%
PM growth 3Y-73.17%
PM growth 5Y-50.19%
GM growth 3Y-27.02%
GM growth 5Y-11.39%
APAM.AS Yearly Profit, Operating, Gross MarginsAPAM.AS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15 20 25

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ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. APAM.AS Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so APAM is destroying value.
  • APAM has about the same amout of shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, APAM has less shares outstanding
  • APAM has a worse debt/assets ratio than last year.
APAM.AS Yearly Shares OutstandingAPAM.AS Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M
APAM.AS Yearly Total Debt VS Total AssetsAPAM.AS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B

2.2 Solvency

  • An Altman-Z score of 2.95 indicates that APAM is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • The Altman-Z score of APAM (2.95) is comparable to the rest of the industry.
  • The Debt to FCF ratio of APAM is 5.25, which is a neutral value as it means it would take APAM, 5.25 years of fcf income to pay off all of its debts.
  • APAM has a Debt to FCF ratio (5.25) which is in line with its industry peers.
  • A Debt/Equity ratio of 0.36 indicates that APAM is not too dependend on debt financing.
  • APAM has a Debt to Equity ratio of 0.36. This is in the lower half of the industry: APAM underperforms 62.50% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.36
Debt/FCF 5.25
Altman-Z 2.95
ROIC/WACC0.03
WACC9.44%
APAM.AS Yearly LT Debt VS Equity VS FCFAPAM.AS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B

2.3 Liquidity

  • APAM has a Current Ratio of 1.80. This is a normal value and indicates that APAM is financially healthy and should not expect problems in meeting its short term obligations.
  • APAM has a Current ratio (1.80) which is comparable to the rest of the industry.
  • APAM has a Quick Ratio of 1.80. This is a bad value and indicates that APAM is not financially healthy enough and could expect problems in meeting its short term obligations.
  • APAM has a worse Quick ratio (0.57) than 75.00% of its industry peers.
Industry RankSector Rank
Current Ratio 1.8
Quick Ratio 0.57
APAM.AS Yearly Current Assets VS Current LiabilitesAPAM.AS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. APAM.AS Growth Analysis

3.1 Past

  • APAM shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -85.83%.
  • APAM shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -22.14% yearly.
  • APAM shows a decrease in Revenue. In the last year, the revenue decreased by -2.80%.
  • APAM shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 10.90% yearly.
EPS 1Y (TTM)-85.83%
EPS 3Y-62.01%
EPS 5Y-22.14%
EPS Q2Q%135.29%
Revenue 1Y (TTM)-2.8%
Revenue growth 3Y-9.33%
Revenue growth 5Y10.9%
Sales Q2Q%-7.68%

3.2 Future

  • The Earnings Per Share is expected to grow by 127.37% on average over the next years. This is a very strong growth
  • Based on estimates for the next years, APAM will show a small growth in Revenue. The Revenue will grow by 6.37% on average per year.
EPS Next Y391.15%
EPS Next 2Y204.13%
EPS Next 3Y127.37%
EPS Next 5YN/A
Revenue Next Year6.82%
Revenue Next 2Y7.1%
Revenue Next 3Y6.99%
Revenue Next 5Y6.37%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
APAM.AS Yearly Revenue VS EstimatesAPAM.AS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2B 4B 6B 8B
APAM.AS Yearly EPS VS EstimatesAPAM.AS Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 2 4 6 8 10

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Find the best growth stocksShow best growing peers

5

4. APAM.AS Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 89.07, which means the current valuation is very expensive for APAM.
  • Compared to the rest of the industry, the Price/Earnings ratio of APAM indicates a slightly more expensive valuation: APAM is more expensive than 65.00% of the companies listed in the same industry.
  • APAM's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 26.78.
  • APAM is valuated rather expensively with a Price/Forward Earnings ratio of 18.17.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of APAM is on the same level as its industry peers.
  • APAM is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 23.54, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 89.07
Fwd PE 18.17
APAM.AS Price Earnings VS Forward Price EarningsAPAM.AS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

  • APAM's Enterprise Value to EBITDA is on the same level as the industry average.
  • APAM's Price/Free Cash Flow ratio is rather cheap when compared to the industry. APAM is cheaper than 92.50% of the companies in the same industry.
Industry RankSector Rank
P/FCF 11.83
EV/EBITDA 13.98
APAM.AS Per share dataAPAM.AS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80 100

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • A more expensive valuation may be justified as APAM's earnings are expected to grow with 127.37% in the coming years.
PEG (NY)0.23
PEG (5Y)N/A
EPS Next 2Y204.13%
EPS Next 3Y127.37%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

7

5. APAM.AS Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 4.40%, APAM is a good candidate for dividend investing.
  • APAM's Dividend Yield is rather good when compared to the industry average which is at 1.80. APAM pays more dividend than 90.00% of the companies in the same industry.
  • APAM's Dividend Yield is rather good when compared to the S&P500 average which is at 1.83.
Industry RankSector Rank
Dividend Yield 4.4%

5.2 History

  • The dividend of APAM has a limited annual growth rate of 2.87%.
Dividend Growth(5Y)2.87%
Div Incr Years0
Div Non Decr Years6
APAM.AS Yearly Dividends per shareAPAM.AS Yearly Dividends per shareYearly Dividends per share 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5

5.3 Sustainability

  • APAM has negative earnings and hence a negative payout ratio. The dividend may be in danger.
  • The dividend of APAM is growing, but earnings are growing more, so the dividend growth is sustainable.
DP-483.33%
EPS Next 2Y204.13%
EPS Next 3Y127.37%
APAM.AS Yearly Income VS Free CF VS DividendAPAM.AS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M

More info and screens

Find the best dividend stocksShow peers with best dividend

APAM.AS Fundamentals: All Metrics, Ratios and Statistics

APERAM

AMS:APAM (4/10/2026, 7:00:00 PM)

40.08

+1.44 (+3.73%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)02-06
Earnings (Next)04-30
Inst Owners27.61%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap2.93B
Revenue(TTM)9.15B
Net Income(TTM)-30.00M
Analysts72.22
Price Target43.11 (7.56%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.4%
Yearly Dividend2.01
Dividend Growth(5Y)2.87%
DP-483.33%
Div Incr Years0
Div Non Decr Years6
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-936.82%
Min EPS beat(2)-2845.1%
Max EPS beat(2)971.46%
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-10%
Min Revenue beat(2)-11.76%
Max Revenue beat(2)-8.24%
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)3.43%
PT rev (3m)27.29%
EPS NQ rev (1m)0%
EPS NQ rev (3m)N/A
EPS NY rev (1m)-6.09%
EPS NY rev (3m)-14.37%
Revenue NQ rev (1m)0.43%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.01%
Revenue NY rev (3m)-0.37%
Valuation
Industry RankSector Rank
PE 89.07
Fwd PE 18.17
P/S 0.32
P/FCF 11.83
P/OCF 6.95
P/B 0.92
P/tB 1.09
EV/EBITDA 13.98
EPS(TTM)0.45
EY1.12%
EPS(NY)2.21
Fwd EY5.5%
FCF(TTM)3.39
FCFY8.46%
OCF(TTM)5.77
OCFY14.39%
SpS125.01
BVpS43.66
TBVpS36.76
PEG (NY)0.23
PEG (5Y)N/A
Graham Number21.03
Profitability
Industry RankSector Rank
ROA -0.48%
ROE -0.94%
ROCE 0.35%
ROIC 0.26%
ROICexc 0.28%
ROICexgc 0.32%
OM 0.17%
PM (TTM) N/A
GM 3.73%
FCFM 2.71%
ROA(3y)2.69%
ROA(5y)6.89%
ROE(3y)4.36%
ROE(5y)12.88%
ROIC(3y)1.34%
ROIC(5y)7.8%
ROICexc(3y)1.44%
ROICexc(5y)8.76%
ROICexgc(3y)1.62%
ROICexgc(5y)9.88%
ROCE(3y)1.83%
ROCE(5y)10.88%
ROICexgc growth 3Y-74.39%
ROICexgc growth 5Y-46.67%
ROICexc growth 3Y-74.43%
ROICexc growth 5Y-46.01%
OM growth 3Y-71.08%
OM growth 5Y-45.75%
PM growth 3Y-73.17%
PM growth 5Y-50.19%
GM growth 3Y-27.02%
GM growth 5Y-11.39%
F-Score4
Asset Turnover1.47
Health
Industry RankSector Rank
Debt/Equity 0.36
Debt/FCF 5.25
Debt/EBITDA 4.13
Cap/Depr 67.18%
Cap/Sales 1.9%
Interest Coverage 0.3
Cash Conversion 153.46%
Profit Quality N/A
Current Ratio 1.8
Quick Ratio 0.57
Altman-Z 2.95
F-Score4
WACC9.44%
ROIC/WACC0.03
Cap/Depr(3y)96.07%
Cap/Depr(5y)110.58%
Cap/Sales(3y)3.37%
Cap/Sales(5y)3.34%
Profit Quality(3y)962.56%
Profit Quality(5y)596.83%
High Growth Momentum
Growth
EPS 1Y (TTM)-85.83%
EPS 3Y-62.01%
EPS 5Y-22.14%
EPS Q2Q%135.29%
EPS Next Y391.15%
EPS Next 2Y204.13%
EPS Next 3Y127.37%
EPS Next 5YN/A
Revenue 1Y (TTM)-2.8%
Revenue growth 3Y-9.33%
Revenue growth 5Y10.9%
Sales Q2Q%-7.68%
Revenue Next Year6.82%
Revenue Next 2Y7.1%
Revenue Next 3Y6.99%
Revenue Next 5Y6.37%
EBIT growth 1Y-87.6%
EBIT growth 3Y-73.77%
EBIT growth 5Y-39.84%
EBIT Next Year501.11%
EBIT Next 3Y109.2%
EBIT Next 5Y55.73%
FCF growth 1Y117.54%
FCF growth 3Y-10.51%
FCF growth 5Y5.03%
OCF growth 1Y50.71%
OCF growth 3Y-13.05%
OCF growth 5Y6.85%

APERAM / APAM.AS Fundamental Analysis FAQ

What is the fundamental rating for APAM stock?

ChartMill assigns a fundamental rating of 4 / 10 to APAM.AS.


What is the valuation status of APERAM (APAM.AS) stock?

ChartMill assigns a valuation rating of 4 / 10 to APERAM (APAM.AS). This can be considered as Fairly Valued.


How profitable is APERAM (APAM.AS) stock?

APERAM (APAM.AS) has a profitability rating of 3 / 10.


What is the earnings growth outlook for APERAM?

The Earnings per Share (EPS) of APERAM (APAM.AS) is expected to grow by 391.15% in the next year.


Can you provide the dividend sustainability for APAM stock?

The dividend rating of APERAM (APAM.AS) is 7 / 10 and the dividend payout ratio is -483.33%.