APERAM (APAM.AS) Stock Fundamental Analysis

AMS:APAM • LU0569974404

43.62 EUR
+0.44 (+1.02%)
Last: Feb 20, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

4

Overall APAM gets a fundamental rating of 4 out of 10. We evaluated APAM against 46 industry peers in the Metals & Mining industry. APAM scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. APAM has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

3

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.
  • In the past 5 years APAM has always 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 2.89%. This is comparable to the rest of the industry: APAM outperforms 45.65% of its industry peers.
  • With a Return On Equity value of 4.79%, APAM perfoms like the industry average, outperforming 43.48% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 0.29%, APAM is doing worse than 71.74% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for APAM is significantly below the industry average of 7.65%.
Industry RankSector Rank
ROA 2.89%
ROE 4.79%
ROIC 0.29%
ROA(3y)2.71%
ROA(5y)6.9%
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

  • The Profit Margin of APAM (1.64%) is comparable to the rest of the industry.
  • APAM's Profit Margin has declined in the last couple of years.
  • APAM has a worse Operating Margin (0.17%) than 71.74% of its industry peers.
  • APAM's Operating Margin has declined in the last couple of years.
Industry RankSector Rank
OM 0.17%
PM (TTM) 1.64%
GM N/A
OM growth 3Y-71.08%
OM growth 5Y-45.75%
PM growth 3Y-73.17%
PM growth 5Y-50.19%
GM growth 3YN/A
GM growth 5YN/A
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

4

2. Health

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.
  • APAM has less shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, APAM has a worse debt to assets ratio.
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

  • The Debt to FCF ratio of APAM is 5.04, which is a neutral value as it means it would take APAM, 5.04 years of fcf income to pay off all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 5.04, APAM is in the better half of the industry, outperforming 65.22% of the companies in the same industry.
  • APAM has a Debt/Equity ratio of 0.22. This is a healthy value indicating a solid balance between debt and equity.
  • Looking at the Debt to Equity ratio, with a value of 0.22, APAM is in line with its industry, outperforming 54.35% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.22
Debt/FCF 5.04
Altman-Z N/A
ROIC/WACC0.03
WACC9.23%
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 1.92. This is a normal value and indicates that APAM is financially healthy and should not expect problems in meeting its short term obligations.
  • The Current ratio of APAM (1.92) is comparable to the rest of the industry.
  • A Quick Ratio of 1.92 indicates that APAM should not have too much problems paying its short term obligations.
  • APAM's Quick ratio of 1.92 is fine compared to the rest of the industry. APAM outperforms 78.26% of its industry peers.
Industry RankSector Rank
Current Ratio 1.92
Quick Ratio 1.92
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. Growth

3.1 Past

  • The earnings per share for APAM have decreased strongly by -85.83% in the last year.
  • APAM shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -22.14% yearly.
  • Looking at the last year, APAM shows a decrease in Revenue. The Revenue has decreased by -2.80% in the last year.
  • Measured over the past years, APAM shows a quite strong growth in Revenue. The Revenue has been growing by 10.90% on average per year.
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 194.16% on average over the next years. This is a very strong growth
  • The Revenue is expected to grow by 5.37% on average over the next years.
EPS Next Y476.19%
EPS Next 2Y194.16%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year7.44%
Revenue Next 2Y6.9%
Revenue Next 3Y7.83%
Revenue Next 5Y5.37%

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 accelerating.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
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 2 4 6 8 10

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Find the best growth stocksShow best growing peers

5

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 96.93, the valuation of APAM can be described as expensive.
  • APAM's Price/Earnings ratio is a bit more expensive when compared to the industry. APAM is more expensive than 63.04% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 26.99, APAM is valued quite expensively.
  • APAM is valuated correctly with a Price/Forward Earnings ratio of 16.85.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of APAM is on the same level as its industry peers.
  • APAM's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 28.06.
Industry RankSector Rank
PE 96.93
Fwd PE 16.85
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

  • Based on the Enterprise Value to EBITDA ratio, APAM is valued a bit more expensive than the industry average as 60.87% of the companies are valued more cheaply.
  • 95.65% of the companies in the same industry are more expensive than APAM, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 11.78
EV/EBITDA 17.34
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

  • APAM's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • APAM's earnings are expected to grow with 194.16% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.2
PEG (5Y)N/A
EPS Next 2Y194.16%
EPS Next 3YN/A

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

6

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 3.98%, APAM has a reasonable but not impressive dividend return.
  • APAM's Dividend Yield is rather good when compared to the industry average which is at 1.70. APAM pays more dividend than 89.13% of the companies in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.85, APAM pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.98%

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 Years5
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 pays out 94.77% of its income as dividend. This is not a sustainable payout ratio.
  • APAM's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP94.77%
EPS Next 2Y194.16%
EPS Next 3YN/A
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
APAM.AS Dividend Payout.APAM.AS Dividend Payout, showing the Payout Ratio.APAM.AS Dividend Payout.PayoutRetained Earnings

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Find the best dividend stocksShow peers with best dividend

APERAM

AMS:APAM (2/20/2026, 7:00:00 PM)

43.62

+0.44 (+1.02%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)02-06
Earnings (Next)04-30
Inst Owners25.33%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap3.19B
Revenue(TTM)6.08B
Net Income(TTM)153.00M
Analysts72.22
Price Target36.51 (-16.3%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.98%
Yearly Dividend2.01
Dividend Growth(5Y)2.87%
DP94.77%
Div Incr Years0
Div Non Decr Years5
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-1440.72%
Min EPS beat(2)-2845.1%
Max EPS beat(2)-36.34%
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)-9.71%
Min Revenue beat(2)-11.76%
Max Revenue beat(2)-7.65%
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)7.8%
PT rev (3m)16.28%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0.46%
EPS NY rev (3m)-16.59%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-4.64%
Valuation
Industry RankSector Rank
PE 96.93
Fwd PE 16.85
P/S 0.34
P/FCF 11.78
P/OCF 7.42
P/B 1
P/tB 1.19
EV/EBITDA 17.34
EPS(TTM)0.45
EY1.03%
EPS(NY)2.59
Fwd EY5.93%
FCF(TTM)3.7
FCFY8.49%
OCF(TTM)5.88
OCFY13.47%
SpS127.69
BVpS43.65
TBVpS36.66
PEG (NY)0.2
PEG (5Y)N/A
Graham Number21.02
Profitability
Industry RankSector Rank
ROA 2.89%
ROE 4.79%
ROCE 0.38%
ROIC 0.29%
ROICexc 0.29%
ROICexgc 0.33%
OM 0.17%
PM (TTM) 1.64%
GM N/A
FCFM 2.9%
ROA(3y)2.71%
ROA(5y)6.9%
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%
ROICexgc growth 5Y-46.18%
ROICexc growth 3Y-74.09%
ROICexc growth 5Y-45.58%
OM growth 3Y-71.08%
OM growth 5Y-45.75%
PM growth 3Y-73.17%
PM growth 5Y-50.19%
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover1.76
Health
Industry RankSector Rank
Debt/Equity 0.22
Debt/FCF 5.04
Debt/EBITDA 2.63
Cap/Depr 64.9%
Cap/Sales 1.7%
Interest Coverage 0.3
Cash Conversion 164.75%
Profit Quality 177.12%
Current Ratio 1.92
Quick Ratio 1.92
Altman-Z N/A
F-Score5
WACC9.23%
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 Y476.19%
EPS Next 2Y194.16%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-2.8%
Revenue growth 3Y-9.33%
Revenue growth 5Y10.9%
Sales Q2Q%-7.68%
Revenue Next Year7.44%
Revenue Next 2Y6.9%
Revenue Next 3Y7.83%
Revenue Next 5Y5.37%
EBIT growth 1Y-87.6%
EBIT growth 3Y-73.77%
EBIT growth 5Y-39.84%
EBIT Next Year482.3%
EBIT Next 3Y91.24%
EBIT Next 5Y48.79%
FCF growth 1Y38.27%
FCF growth 3Y-10.51%
FCF growth 5Y5.03%
OCF growth 1Y0.94%
OCF growth 3Y-13.05%
OCF growth 5Y6.85%

APERAM / APAM.AS 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 5 / 10 to APERAM (APAM.AS). This can be considered as Fairly Valued.


What is the profitability of APAM stock?

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


Can you provide the PE and PB ratios for APAM stock?

The Price/Earnings (PE) ratio for APERAM (APAM.AS) is 96.93 and the Price/Book (PB) ratio is 1.


Can you provide the financial health for APAM stock?

The financial health rating of APERAM (APAM.AS) is 4 / 10.