APERAM (APAM.AS) Stock Fundamental Analysis
AMS:APAM - Euronext Amsterdam - LU0569974404 - Common Stock - Currency: EUR
We assign a fundamental rating of 5 out of 10 to APAM. APAM was compared to 39 industry peers in the Metals & Mining industry. APAM has only an average score on both its financial health and profitability. APAM has a decent growth rate and is not valued too expensively. Finally APAM also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
APAM had positive earnings in the past year.
In the past year APAM had a positive cash flow from operations.
APAM had positive earnings in each of the past 5 years.
Each year in the past 5 years APAM had a positive operating cash flow.
1.2 Ratios
The Return On Assets of APAM (3.96%) is better than 69.23% of its industry peers.
Looking at the Return On Equity, with a value of 6.89%, APAM is in the better half of the industry, outperforming 69.23% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 2.23%, APAM is in line with its industry, outperforming 46.15% of the companies in the same industry.
APAM had an Average Return On Invested Capital over the past 3 years of 6.14%. This is in line with the industry average of 6.07%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.96% | ||
| ROE | 6.89% | ||
| ROIC | 2.23% |
ROA(3y)5.98%
ROA(5y)7.74%
ROE(3y)10.42%
ROE(5y)14.41%
ROIC(3y)6.14%
ROIC(5y)8.79%
1.3 Margins
APAM's Profit Margin of 3.69% is fine compared to the rest of the industry. APAM outperforms 64.10% of its industry peers.
In the last couple of years the Profit Margin of APAM has remained more or less at the same level.
APAM has a worse Operating Margin (2.06%) than 66.67% of its industry peers.
APAM's Operating Margin has declined in the last couple of years.
The Gross Margin of APAM (7.18%) is worse than 87.18% of its industry peers.
APAM's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 2.06% | ||
| PM (TTM) | 3.69% | ||
| GM | 7.18% |
OM growth 3Y-55.15%
OM growth 5Y-15.91%
PM growth 3Y-42.05%
PM growth 5Y1.13%
GM growth 3Y-35.26%
GM growth 5Y-5.22%
2. Health
2.1 Basic Checks
APAM has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, APAM has about the same amount of shares outstanding.
The number of shares outstanding for APAM has been reduced compared to 5 years ago.
APAM has a better debt/assets ratio than last year.
2.2 Solvency
APAM has an Altman-Z score of 2.56. This is not the best score and indicates that APAM is in the grey zone with still only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.56, APAM is in the better half of the industry, outperforming 71.79% of the companies in the same industry.
The Debt to FCF ratio of APAM is 6.67, which is on the high side as it means it would take APAM, 6.67 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of APAM (6.67) is better than 64.10% of its industry peers.
APAM has a Debt/Equity ratio of 0.20. This is a healthy value indicating a solid balance between debt and equity.
APAM has a Debt to Equity ratio of 0.20. This is in the better half of the industry: APAM outperforms 64.10% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.2 | ||
| Debt/FCF | 6.67 | ||
| Altman-Z | 2.56 |
ROIC/WACC0.25
WACC8.79%
2.3 Liquidity
APAM has a Current Ratio of 1.73. This is a normal value and indicates that APAM is financially healthy and should not expect problems in meeting its short term obligations.
APAM's Current ratio of 1.73 is fine compared to the rest of the industry. APAM outperforms 66.67% of its industry peers.
A Quick Ratio of 0.43 indicates that APAM may have some problems paying its short term obligations.
APAM's Quick ratio of 0.43 is on the low side compared to the rest of the industry. APAM is outperformed by 87.18% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.73 | ||
| Quick Ratio | 0.43 |
3. Growth
3.1 Past
APAM shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 13.21%, which is quite good.
APAM shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 13.01% yearly.
Looking at the last year, APAM shows a decrease in Revenue. The Revenue has decreased by -5.11% in the last year.
APAM shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 8.09% yearly.
EPS 1Y (TTM)13.21%
EPS 3Y-33.06%
EPS 5Y13.01%
EPS Q2Q%-82.29%
Revenue 1Y (TTM)-5.11%
Revenue growth 3Y7.03%
Revenue growth 5Y8.09%
Sales Q2Q%-5.16%
3.2 Future
The Earnings Per Share is expected to grow by 13.75% on average over the next years. This is quite good.
APAM is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.67% yearly.
EPS Next Y-28.55%
EPS Next 2Y9.37%
EPS Next 3Y13.75%
EPS Next 5YN/A
Revenue Next Year3.53%
Revenue Next 2Y5.94%
Revenue Next 3Y5.67%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
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.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 8.51, the valuation of APAM can be described as reasonable.
84.62% of the companies in the same industry are more expensive than APAM, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 28.92. APAM is valued rather cheaply when compared to this.
The Price/Forward Earnings ratio is 11.91, which indicates a very decent valuation of APAM.
61.54% of the companies in the same industry are more expensive than APAM, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.65, APAM is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.51 | ||
| Fwd PE | 11.91 |
4.2 Price Multiples
APAM's Enterprise Value to EBITDA ratio is in line with the industry average.
APAM's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. APAM is cheaper than 79.49% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.32 | ||
| EV/EBITDA | 6.52 |
4.3 Compensation for Growth
APAM's earnings are expected to grow with 13.75% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)0.65
EPS Next 2Y9.37%
EPS Next 3Y13.75%
5. Dividend
5.1 Amount
APAM has a Yearly Dividend Yield of 6.54%, which is a nice return.
Compared to an average industry Dividend Yield of 3.76, APAM pays a better dividend. On top of this APAM pays more dividend than 89.74% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.51, APAM pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.54% |
5.2 History
The dividend of APAM has a limited annual growth rate of 2.91%.
Dividend Growth(5Y)2.91%
Div Incr Years0
Div Non Decr Years4
5.3 Sustainability
APAM pays out 62.77% of its income as dividend. This is not a sustainable payout ratio.
The dividend of APAM is growing, but earnings are growing more, so the dividend growth is sustainable.
DP62.77%
EPS Next 2Y9.37%
EPS Next 3Y13.75%
AMS:APAM (4/24/2025, 5:29:57 PM)
26.98
+0.2 (+0.75%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners22.15%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap1.97B
Analysts75
Price Target33.07 (22.57%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.54% |
Yearly Dividend2.01
Dividend Growth(5Y)2.91%
DP62.77%
Div Incr Years0
Div Non Decr Years4
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)267.51%
Min EPS beat(2)-68.55%
Max EPS beat(2)603.58%
EPS beat(4)2
Avg EPS beat(4)93.11%
Min EPS beat(4)-354.9%
Max EPS beat(4)603.58%
EPS beat(8)4
Avg EPS beat(8)162.72%
EPS beat(12)5
Avg EPS beat(12)99.21%
EPS beat(16)9
Avg EPS beat(16)81.41%
Revenue beat(2)0
Avg Revenue beat(2)-6.72%
Min Revenue beat(2)-8.46%
Max Revenue beat(2)-4.97%
Revenue beat(4)0
Avg Revenue beat(4)-8.14%
Min Revenue beat(4)-14.9%
Max Revenue beat(4)-4.22%
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)3.06%
PT rev (3m)-0.85%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-20.47%
EPS NY rev (3m)-31.22%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.35%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.51 | ||
| Fwd PE | 11.91 | ||
| P/S | 0.32 | ||
| P/FCF | 17.32 | ||
| P/OCF | 7.05 | ||
| P/B | 0.59 | ||
| P/tB | 0.67 | ||
| EV/EBITDA | 6.52 |
EPS(TTM)3.17
EY11.75%
EPS(NY)2.26
Fwd EY8.39%
FCF(TTM)1.56
FCFY5.77%
OCF(TTM)3.83
OCFY14.18%
SpS85.47
BVpS45.83
TBVpS40
PEG (NY)N/A
PEG (5Y)0.65
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.96% | ||
| ROE | 6.89% | ||
| ROCE | 3.09% | ||
| ROIC | 2.23% | ||
| ROICexc | 2.34% | ||
| ROICexgc | 2.61% | ||
| OM | 2.06% | ||
| PM (TTM) | 3.69% | ||
| GM | 7.18% | ||
| FCFM | 1.82% |
ROA(3y)5.98%
ROA(5y)7.74%
ROE(3y)10.42%
ROE(5y)14.41%
ROIC(3y)6.14%
ROIC(5y)8.79%
ROICexc(3y)6.78%
ROICexc(5y)9.89%
ROICexgc(3y)7.62%
ROICexgc(5y)11.24%
ROCE(3y)8.43%
ROCE(5y)12.21%
ROICexcg growth 3Y-53.63%
ROICexcg growth 5Y-17.16%
ROICexc growth 3Y-53.4%
ROICexc growth 5Y-15.86%
OM growth 3Y-55.15%
OM growth 5Y-15.91%
PM growth 3Y-42.05%
PM growth 5Y1.13%
GM growth 3Y-35.26%
GM growth 5Y-5.22%
F-Score5
Asset Turnover1.07
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.2 | ||
| Debt/FCF | 6.67 | ||
| Debt/EBITDA | 1.91 | ||
| Cap/Depr | 72.49% | ||
| Cap/Sales | 2.65% | ||
| Interest Coverage | 2.87 | ||
| Cash Conversion | 78.21% | ||
| Profit Quality | 49.35% | ||
| Current Ratio | 1.73 | ||
| Quick Ratio | 0.43 | ||
| Altman-Z | 2.56 |
F-Score5
WACC8.79%
ROIC/WACC0.25
Cap/Depr(3y)126.72%
Cap/Depr(5y)112.28%
Cap/Sales(3y)3.63%
Cap/Sales(5y)3.37%
Profit Quality(3y)62.49%
Profit Quality(5y)67.89%
High Growth Momentum
Growth
EPS 1Y (TTM)13.21%
EPS 3Y-33.06%
EPS 5Y13.01%
EPS Q2Q%-82.29%
EPS Next Y-28.55%
EPS Next 2Y9.37%
EPS Next 3Y13.75%
EPS Next 5YN/A
Revenue 1Y (TTM)-5.11%
Revenue growth 3Y7.03%
Revenue growth 5Y8.09%
Sales Q2Q%-5.16%
Revenue Next Year3.53%
Revenue Next 2Y5.94%
Revenue Next 3Y5.67%
Revenue Next 5YN/A
EBIT growth 1Y44.94%
EBIT growth 3Y-51.99%
EBIT growth 5Y-9.11%
EBIT Next Year335.07%
EBIT Next 3Y82.48%
EBIT Next 5YN/A
FCF growth 1Y-32.14%
FCF growth 3Y-34.08%
FCF growth 5Y-14.47%
OCF growth 1Y-40.55%
OCF growth 3Y-20.15%
OCF growth 5Y-6.89%