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APERAM (APAM.AS) Stock Fundamental Analysis

Europe - Euronext Amsterdam - AMS:APAM - LU0569974404 - Common Stock

34.68 EUR
-0.66 (-1.87%)
Last: 1/20/2026, 5:29:36 PM
Fundamental Rating

4

Taking everything into account, APAM scores 4 out of 10 in our fundamental rating. APAM was compared to 43 industry peers in the Metals & Mining industry. The financial health of APAM is average, but there are quite some concerns on its profitability. APAM is valued expensive and it does not seem to be growing. APAM also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

3

1. Profitability

1.1 Basic Checks

  • In the past year APAM was profitable.
  • In the past year APAM had a positive cash flow from operations.
  • 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 200M 400M 600M 800M 1B

1.2 Ratios

  • APAM has a Return On Assets (2.89%) which is comparable to the rest of the industry.
  • Looking at the Return On Equity, with a value of 4.79%, APAM is in line with its industry, outperforming 44.19% of the companies in the same industry.
  • APAM has a worse Return On Invested Capital (2.31%) than 67.44% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for APAM is below the industry average of 8.16%.
Industry RankSector Rank
ROA 2.89%
ROE 4.79%
ROIC 2.31%
ROA(3y)5.98%
ROA(5y)7.74%
ROE(3y)10.42%
ROE(5y)14.41%
ROIC(3y)6.14%
ROIC(5y)8.79%
APAM.AS Yearly ROA, ROE, ROICAPAM.AS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30

1.3 Margins

  • With a Profit Margin value of 1.64%, APAM is not doing good in the industry: 62.79% of the companies in the same industry are doing better.
  • APAM's Profit Margin has been stable in the last couple of years.
  • APAM has a worse Operating Margin (1.38%) than 74.42% of its industry peers.
  • In the last couple of years the Operating Margin of APAM has declined.
  • APAM's Gross Margin of 4.81% is on the low side compared to the rest of the industry. APAM is outperformed by 88.37% of its industry peers.
  • In the last couple of years the Gross Margin of APAM has declined.
Industry RankSector Rank
OM 1.38%
PM (TTM) 1.64%
GM 4.81%
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%
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 5 10 15 20 25

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4

2. Health

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.
  • Compared to 5 years ago, APAM has less shares outstanding
  • APAM has a better 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 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 2B 4B 6B

2.2 Solvency

  • APAM has a debt to FCF ratio of 5.04. This is a neutral value as APAM would need 5.04 years to pay back of all of its debts.
  • With a Debt to FCF ratio value of 5.04, APAM perfoms like the industry average, outperforming 53.49% 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.
  • APAM has a Debt to Equity ratio (0.22) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 0.22
Debt/FCF 5.04
Altman-Z N/A
ROIC/WACC0.25
WACC9.07%
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 1B 2B 3B

2.3 Liquidity

  • A Current Ratio of 1.92 indicates that APAM should not have too much problems paying its short term obligations.
  • APAM's Current ratio of 1.92 is in line compared to the rest of the industry. APAM outperforms 48.84% of its industry peers.
  • A Quick Ratio of 1.92 indicates that APAM should not have too much problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 1.92, APAM belongs to the top of the industry, outperforming 81.40% 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 1B 2B 3B

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3

3. Growth

3.1 Past

  • The earnings per share for APAM have decreased strongly by -94.46% in the last year.
  • 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)-94.46%
EPS 3Y-33.06%
EPS 5Y13.01%
EPS Q2Q%-111.48%
Revenue 1Y (TTM)-5.11%
Revenue growth 3Y7.03%
Revenue growth 5Y8.09%
Sales Q2Q%-5.56%

3.2 Future

  • Based on estimates for the next years, APAM will show a small growth in Earnings Per Share. The EPS will grow by 6.86% on average per year.
  • APAM is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.46% yearly.
EPS Next Y-87.53%
EPS Next 2Y-9.85%
EPS Next 3Y6.86%
EPS Next 5YN/A
Revenue Next Year-1.85%
Revenue Next 2Y2.69%
Revenue Next 3Y3.9%
Revenue Next 5Y4.46%

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 decreasing.
  • 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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3

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 157.64, which means the current valuation is very expensive for APAM.
  • 72.09% 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 27.38. APAM is valued rather expensively when compared to this.
  • A Price/Forward Earnings ratio of 13.46 indicates a correct valuation of APAM.
  • Based on the Price/Forward Earnings ratio, APAM is valued a bit cheaper than the industry average as 69.77% of the companies are valued more expensively.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 24.29, APAM is valued a bit cheaper.
Industry RankSector Rank
PE 157.64
Fwd PE 13.46
APAM.AS Price Earnings VS Forward Price EarningsAPAM.AS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 50 100 150

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 rather cheap when compared to the industry. APAM is cheaper than 97.67% of the companies in the same industry.
Industry RankSector Rank
P/FCF 9.36
EV/EBITDA 10.56
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

PEG (NY)N/A
PEG (5Y)12.12
EPS Next 2Y-9.85%
EPS Next 3Y6.86%

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7

5. Dividend

5.1 Amount

  • APAM has a Yearly Dividend Yield of 4.67%, which is a nice return.
  • Compared to an average industry Dividend Yield of 1.65, APAM pays a better dividend. On top of this APAM pays more dividend than 90.70% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.84, APAM pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.67%

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 Years5
APAM.AS Yearly Dividends per shareAPAM.AS Yearly Dividends per shareYearly Dividends per share 2018 2019 2020 2021 2022 2023 2024 2025 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.
  • The dividend of APAM is growing, but earnings are growing more, so the dividend growth is sustainable.
DP94.77%
EPS Next 2Y-9.85%
EPS Next 3Y6.86%
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 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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APERAM

AMS:APAM (1/20/2026, 5:29:36 PM)

34.68

-0.66 (-1.87%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)11-07
Earnings (Next)02-06
Inst Owners25.33%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap2.54B
Revenue(TTM)9.34B
Net Income(TTM)153.00M
Analysts74.12
Price Target34.22 (-1.33%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.67%
Yearly Dividend2.01
Dividend Growth(5Y)2.91%
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)3.71%
PT rev (3m)12.21%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-27.69%
EPS NY rev (3m)-64.28%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.34%
Revenue NY rev (3m)-3.7%
Valuation
Industry RankSector Rank
PE 157.64
Fwd PE 13.46
P/S 0.27
P/FCF 9.36
P/OCF 5.9
P/B 0.79
P/tB 0.95
EV/EBITDA 10.56
EPS(TTM)0.22
EY0.63%
EPS(NY)2.58
Fwd EY7.43%
FCF(TTM)3.7
FCFY10.68%
OCF(TTM)5.88
OCFY16.94%
SpS127.69
BVpS43.65
TBVpS36.66
PEG (NY)N/A
PEG (5Y)12.12
Graham Number14.7
Profitability
Industry RankSector Rank
ROA 2.89%
ROE 4.79%
ROCE 3.08%
ROIC 2.31%
ROICexc 2.31%
ROICexgc 2.63%
OM 1.38%
PM (TTM) 1.64%
GM 4.81%
FCFM 2.9%
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%
ROICexgc growth 3Y-53.63%
ROICexgc 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-Score4
Asset Turnover1.76
Health
Industry RankSector Rank
Debt/Equity 0.22
Debt/FCF 5.04
Debt/EBITDA 1.84
Cap/Depr 64.9%
Cap/Sales 1.7%
Interest Coverage 2.39
Cash Conversion 114.97%
Profit Quality 177.12%
Current Ratio 1.92
Quick Ratio 1.92
Altman-Z N/A
F-Score4
WACC9.07%
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)-94.46%
EPS 3Y-33.06%
EPS 5Y13.01%
EPS Q2Q%-111.48%
EPS Next Y-87.53%
EPS Next 2Y-9.85%
EPS Next 3Y6.86%
EPS Next 5YN/A
Revenue 1Y (TTM)-5.11%
Revenue growth 3Y7.03%
Revenue growth 5Y8.09%
Sales Q2Q%-5.56%
Revenue Next Year-1.85%
Revenue Next 2Y2.69%
Revenue Next 3Y3.9%
Revenue Next 5Y4.46%
EBIT growth 1Y44.94%
EBIT growth 3Y-51.99%
EBIT growth 5Y-9.11%
EBIT Next Year190.45%
EBIT Next 3Y76.98%
EBIT Next 5Y40.67%
FCF growth 1Y1494.12%
FCF growth 3Y-34.08%
FCF growth 5Y-14.47%
OCF growth 1Y18.78%
OCF growth 3Y-20.15%
OCF growth 5Y-6.89%

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 3 / 10 to APERAM (APAM.AS). This can be considered as Overvalued.


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 157.64 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.