APERAM (APAM.AS) Fundamental Analysis & Valuation

AMS:APAM • LU0569974404

Current stock price

40.53 EUR
-0.91 (-2.2%)
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.
  • APAM had a positive operating cash flow in the past year.
  • 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.
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 worse Return On Assets (-0.48%) than 65.91% of its industry peers.
  • APAM has a Return On Equity of -0.94%. This is in the lower half of the industry: APAM underperforms 65.91% of its industry peers.
  • APAM has a Return On Invested Capital of 0.26%. This is in the lower half of the industry: APAM underperforms 70.45% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for APAM is significantly below the industry average of 8.77%.
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

  • In the last couple of years the Profit Margin of APAM has declined.
  • The Operating Margin of APAM (0.17%) is worse than 72.73% of its industry peers.
  • In the last couple of years the Operating Margin of APAM has declined.
  • With a Gross Margin value of 3.73%, APAM is not doing good in the industry: 88.64% 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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3

2. APAM.AS Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), APAM is destroying value.
  • Compared to 1 year ago, APAM has about the same amount of shares outstanding.
  • APAM has less shares outstanding than it did 5 years ago.
  • The debt/assets ratio for APAM is higher compared to a year ago.
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 2.97 indicates that APAM is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • With a Altman-Z score value of 2.97, APAM perfoms like the industry average, outperforming 56.82% of the companies in the same 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.
  • With a Debt to FCF ratio value of 5.25, APAM perfoms like the industry average, outperforming 56.82% of the companies in the same industry.
  • APAM has a Debt/Equity ratio of 0.36. This is a healthy value indicating a solid balance between debt and equity.
  • The Debt to Equity ratio of APAM (0.36) is worse than 61.36% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.36
Debt/FCF 5.25
Altman-Z 2.97
ROIC/WACC0.03
WACC9.48%
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.
  • The Current ratio of APAM (1.80) 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.
  • With a Quick ratio value of 0.57, APAM is not doing good in the industry: 77.27% of the companies in the same industry are doing better.
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%.
  • Measured over the past years, APAM shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -22.14% on average per year.
  • APAM shows a decrease in Revenue. In the last year, the revenue decreased by -2.80%.
  • 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

  • Based on estimates for the next years, APAM will show a very strong growth in Earnings Per Share. The EPS will grow by 127.37% on average per year.
  • 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 Year7.08%
Revenue Next 2Y7.35%
Revenue Next 3Y7.14%
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.
  • 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 2028 0 2 4 6 8 10

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4

4. APAM.AS Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 90.07 indicates a quite expensive valuation of APAM.
  • APAM's Price/Earnings ratio is a bit more expensive when compared to the industry. APAM is more expensive than 68.18% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of APAM to the average of the S&P500 Index (27.47), we can say APAM is valued expensively.
  • The Price/Forward Earnings ratio is 18.37, which indicates a rather expensive current valuation of APAM.
  • APAM's Price/Forward Earnings is on the same level as the industry average.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 22.62, APAM is valued at the same level.
Industry RankSector Rank
PE 90.07
Fwd PE 18.37
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

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of APAM is on the same level as its industry peers.
  • APAM's Price/Free Cash Flow ratio is rather cheap when compared to the industry. APAM is cheaper than 90.91% of the companies in the same industry.
Industry RankSector Rank
P/FCF 11.96
EV/EBITDA 14.34
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

  • 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%

More info and screens

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

7

5. APAM.AS Dividend Analysis

5.1 Amount

  • APAM has a Yearly Dividend Yield of 4.12%, which is a nice return.
  • APAM's Dividend Yield is rather good when compared to the industry average which is at 1.52. APAM pays more dividend than 90.91% of the companies in the same industry.
  • APAM's Dividend Yield is rather good when compared to the S&P500 average which is at 1.81.
Industry RankSector Rank
Dividend Yield 4.12%

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

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APAM.AS Fundamentals: All Metrics, Ratios and Statistics

APERAM

AMS:APAM (4/24/2026, 11:54:05 AM)

40.53

-0.91 (-2.2%)

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 Cap2.97B
Revenue(TTM)9.15B
Net Income(TTM)-30.00M
Analysts72.22
Price Target43.11 (6.37%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.12%
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)25.96%
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)0.74%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.26%
Revenue NY rev (3m)-0.12%
Valuation
Industry RankSector Rank
PE 90.07
Fwd PE 18.37
P/S 0.32
P/FCF 11.96
P/OCF 7.03
P/B 0.93
P/tB 1.1
EV/EBITDA 14.34
EPS(TTM)0.45
EY1.11%
EPS(NY)2.21
Fwd EY5.44%
FCF(TTM)3.39
FCFY8.36%
OCF(TTM)5.77
OCFY14.23%
SpS125.01
BVpS43.66
TBVpS36.76
PEG (NY)0.23
PEG (5Y)N/A
Graham Number21.025 (-48.12%)
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 2.97
F-Score4
WACC9.48%
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 Year7.08%
Revenue Next 2Y7.35%
Revenue Next 3Y7.14%
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 3 / 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 2 / 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%.