APERAM (APAM.AS) Fundamental Analysis & Valuation

AMS:APAM • LU0569974404

Current stock price

41.38 EUR
-0.22 (-0.53%)
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

  • APAM had positive earnings in the past year.
  • APAM had a positive operating cash flow in the past year.
  • Each year in the past 5 years APAM has been profitable.
  • In the past 5 years APAM always reported a positive cash flow from operatings.
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's Return On Assets of -0.48% is on the low side compared to the rest of the industry. APAM is outperformed by 65.91% of its industry peers.
  • APAM's Return On Equity of -0.94% is on the low side compared to the rest of the industry. APAM is outperformed by 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.
  • APAM had an Average Return On Invested Capital over the past 3 years of 1.34%. This 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

  • APAM's Profit Margin has declined in the last couple of years.
  • APAM's Operating Margin of 0.17% is on the low side compared to the rest of the industry. APAM is outperformed by 72.73% of its industry peers.
  • In the last couple of years the Operating Margin of APAM has declined.
  • APAM has a worse Gross Margin (3.73%) than 88.64% of its industry peers.
  • 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.
  • The number of shares outstanding for APAM has been reduced compared to 5 years ago.
  • 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

  • APAM has an Altman-Z score of 2.97. 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 2.97, APAM is in line with its industry, outperforming 56.82% of the companies in the same industry.
  • APAM has a debt to FCF ratio of 5.25. This is a neutral value as APAM would need 5.25 years to pay back of all of its debts.
  • APAM has a Debt to FCF ratio (5.25) which is comparable to the rest of the industry.
  • APAM has a Debt/Equity ratio of 0.36. This is a healthy value indicating a solid balance between debt and equity.
  • APAM has a Debt to Equity ratio of 0.36. This is in the lower half of the industry: APAM underperforms 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

  • A Current Ratio of 1.80 indicates that APAM should not have too much problems paying its short term obligations.
  • APAM's Current ratio of 1.80 is in line compared to the rest of the industry. APAM outperforms 50.00% of its industry peers.
  • A Quick Ratio of 0.57 indicates that APAM may have some problems paying 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%.
  • 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

  • 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.
  • APAM is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.37% yearly.
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

  • 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 2028 0 2 4 6 8 10

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5

4. APAM.AS Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 91.96, APAM can be considered very expensive at the moment.
  • Compared to the rest of the industry, the Price/Earnings ratio of APAM indicates a slightly more expensive valuation: APAM is more expensive than 68.18% of the companies listed in the same industry.
  • When comparing the Price/Earnings ratio of APAM to the average of the S&P500 Index (27.79), we can say APAM is valued expensively.
  • The Price/Forward Earnings ratio is 18.76, which indicates a rather expensive current valuation of APAM.
  • APAM's Price/Forward Earnings is on the same level as the industry average.
  • The average S&P500 Price/Forward Earnings ratio is at 38.88. APAM is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 91.96
Fwd PE 18.76
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

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as APAM.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of APAM indicates a rather cheap valuation: APAM is cheaper than 90.91% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 12.21
EV/EBITDA 14.39
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)0.24
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

  • APAM has a Yearly Dividend Yield of 4.12%, which is a nice return.
  • Compared to an average industry Dividend Yield of 1.52, APAM pays a better dividend. On top of this APAM pays more dividend than 90.91% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.81, APAM pays a better dividend.
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 (4/22/2026, 7:00:00 PM)

41.38

-0.22 (-0.53%)

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 Cap3.03B
Revenue(TTM)9.15B
Net Income(TTM)-30.00M
Analysts72.22
Price Target43.11 (4.18%)
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 91.96
Fwd PE 18.76
P/S 0.33
P/FCF 12.21
P/OCF 7.18
P/B 0.95
P/tB 1.13
EV/EBITDA 14.39
EPS(TTM)0.45
EY1.09%
EPS(NY)2.21
Fwd EY5.33%
FCF(TTM)3.39
FCFY8.19%
OCF(TTM)5.77
OCFY13.94%
SpS125.01
BVpS43.66
TBVpS36.76
PEG (NY)0.24
PEG (5Y)N/A
Graham Number21.025 (-49.19%)
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 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.


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%.