APERAM (APAM.AS) Fundamental Analysis & Valuation

AMS:APAM • LU0569974404

Current stock price

34.37 EUR
-0.35 (-1.01%)
Last:

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

3

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.
  • 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 2.89%. This is comparable to the rest of the industry: APAM outperforms 46.15% of its industry peers.
  • APAM has a Return On Equity (4.79%) which is comparable to the rest of the industry.
  • APAM's Return On Invested Capital of 0.29% is on the low side compared to the rest of the industry. APAM is outperformed by 71.79% 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 8.58%.
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

  • With a Profit Margin value of 1.64%, APAM perfoms like the industry average, outperforming 46.15% of the companies in the same industry.
  • APAM's Profit Margin has declined in the last couple of years.
  • Looking at the Operating Margin, with a value of 0.17%, APAM is doing worse than 71.79% of the companies in the same industry.
  • 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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4

2. APAM.AS Health Analysis

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.
  • 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

  • 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.
  • APAM has a Debt to FCF ratio of 5.04. This is comparable to the rest of the industry: APAM outperforms 58.97% of its industry peers.
  • A Debt/Equity ratio of 0.22 indicates that APAM is not too dependend on debt financing.
  • APAM's Debt to Equity ratio of 0.22 is in line compared to the rest of the industry. APAM outperforms 51.28% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.22
Debt/FCF 5.04
Altman-Z N/A
ROIC/WACC0.03
WACC9.39%
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.
  • APAM has a Current ratio (1.92) which is comparable to the rest of the industry.
  • APAM has a Quick 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.
  • With a decent Quick ratio value of 1.92, APAM is doing good in the industry, outperforming 71.79% of the companies in the same industry.
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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4

3. APAM.AS Growth Analysis

3.1 Past

  • The earnings per share for APAM have decreased strongly by -85.83% in the last year.
  • The earnings per share for APAM have been decreasing by -22.14% on average. This is quite bad
  • The Revenue has decreased by -2.80% in the past 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 126.93% on average over the next years. This is a very strong growth
  • The Revenue is expected to grow by 6.37% on average over the next years.
EPS Next Y423.02%
EPS Next 2Y206.43%
EPS Next 3Y126.93%
EPS Next 5YN/A
Revenue Next Year6.8%
Revenue Next 2Y7.09%
Revenue Next 3Y7.18%
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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5

4. APAM.AS Valuation Analysis

4.1 Price/Earnings Ratio

  • APAM is valuated quite expensively with a Price/Earnings ratio of 76.38.
  • 64.10% of the companies in the same industry are cheaper than APAM, based on the Price/Earnings ratio.
  • The average S&P500 Price/Earnings ratio is at 25.23. APAM is valued rather expensively when compared to this.
  • A Price/Forward Earnings ratio of 14.63 indicates a correct valuation of APAM.
  • APAM's Price/Forward Earnings ratio is in line with the industry average.
  • The average S&P500 Price/Forward Earnings ratio is at 22.51. APAM is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 76.38
Fwd PE 14.63
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

4.2 Price Multiples

  • 66.67% of the companies in the same industry are cheaper than APAM, based on the Enterprise Value to EBITDA ratio.
  • 92.31% 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 9.28
EV/EBITDA 14.96
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.
  • A more expensive valuation may be justified as APAM's earnings are expected to grow with 126.93% in the coming years.
PEG (NY)0.18
PEG (5Y)N/A
EPS Next 2Y206.43%
EPS Next 3Y126.93%

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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 5.10%, which is a nice return.
  • APAM's Dividend Yield is rather good when compared to the industry average which is at 1.68. APAM pays more dividend than 92.31% of the companies in the same industry.
  • APAM's Dividend Yield is rather good when compared to the S&P500 average which is at 1.90.
Industry RankSector Rank
Dividend Yield 5.1%

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 2Y206.43%
EPS Next 3Y126.93%
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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APAM.AS Fundamentals: All Metrics, Ratios and Statistics

APERAM

AMS:APAM (3/27/2026, 11:15:58 AM)

34.37

-0.35 (-1.01%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)02-06
Earnings (Next)04-30
Inst Owners27.05%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap2.52B
Revenue(TTM)6.08B
Net Income(TTM)153.00M
Analysts72.22
Price Target41.68 (21.27%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.1%
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)14.17%
PT rev (3m)23.07%
EPS NQ rev (1m)0%
EPS NQ rev (3m)N/A
EPS NY rev (1m)-9.23%
EPS NY rev (3m)-11.15%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.38%
Revenue NY rev (3m)-1.62%
Valuation
Industry RankSector Rank
PE 76.38
Fwd PE 14.63
P/S 0.27
P/FCF 9.28
P/OCF 5.85
P/B 0.79
P/tB 0.94
EV/EBITDA 14.96
EPS(TTM)0.45
EY1.31%
EPS(NY)2.35
Fwd EY6.84%
FCF(TTM)3.7
FCFY10.77%
OCF(TTM)5.88
OCFY17.1%
SpS127.69
BVpS43.65
TBVpS36.66
PEG (NY)0.18
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
WACC9.39%
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 Y423.02%
EPS Next 2Y206.43%
EPS Next 3Y126.93%
EPS Next 5YN/A
Revenue 1Y (TTM)-2.8%
Revenue growth 3Y-9.33%
Revenue growth 5Y10.9%
Sales Q2Q%-7.68%
Revenue Next Year6.8%
Revenue Next 2Y7.09%
Revenue Next 3Y7.18%
Revenue Next 5Y6.37%
EBIT growth 1Y-87.6%
EBIT growth 3Y-73.77%
EBIT growth 5Y-39.84%
EBIT Next Year520.2%
EBIT Next 3Y110.37%
EBIT Next 5Y55.73%
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 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.


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 76.38 and the Price/Book (PB) ratio is 0.79.


Can you provide the financial health for APAM stock?

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