APERAM (APAM.AS)
LU0569974404 - Common Stock
Taking everything into account, APAM scores 4 out of 10 in our fundamental rating. APAM was compared to 36 industry peers in the Metals & Mining industry. APAM has a medium profitability rating, but doesn't score so well on its financial health evaluation. APAM is not valued too expensively and it also shows a decent growth rate. APAM also has an excellent dividend rating.
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.
In the past 5 years APAM has always been profitable.
In the past 5 years APAM always reported a positive cash flow from operatings.
1.2 Ratios
APAM's Return On Assets of 1.11% is fine compared to the rest of the industry. APAM outperforms 60.61% of its industry peers.
The Return On Equity of APAM (2.07%) is better than 60.61% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.11% | ||
| ROE | 2.07% | ||
| ROIC | N/A |
ROA(3y)10.12%
ROA(5y)7.65%
ROE(3y)19.08%
ROE(5y)14.26%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
APAM's Profit Margin of 1.06% is fine compared to the rest of the industry. APAM outperforms 60.61% of its industry peers.
APAM's Profit Margin has declined in the last couple of years.
In the last couple of years the Operating Margin of APAM has declined.
APAM has a Gross Margin of 4.22%. This is amonst the worse of the industry: APAM underperforms 87.88% of its industry peers.
In the last couple of years the Gross Margin of APAM has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 1.06% | ||
| GM | 4.22% |
OM growth 3Y-37.77%
OM growth 5Y-29.44%
PM growth 3Y-13.93%
PM growth 5Y-12.82%
GM growth 3Y-17.57%
GM growth 5Y-13.98%
2. Health
2.1 Basic Checks
APAM does not have a ROIC to compare to the WACC, probably because it is not profitable.
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.
APAM has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.30 indicates that APAM is not a great score, but indicates only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.30, APAM is in the better half of the industry, outperforming 72.73% of the companies in the same industry.
The Debt to FCF ratio of APAM is 17.04, which is on the high side as it means it would take APAM, 17.04 years of fcf income to pay off all of its debts.
APAM has a Debt to FCF ratio (17.04) which is in line with its industry peers.
A Debt/Equity ratio of 0.25 indicates that APAM is not too dependend on debt financing.
With a Debt to Equity ratio value of 0.25, APAM perfoms like the industry average, outperforming 51.52% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.25 | ||
| Debt/FCF | 17.04 | ||
| Altman-Z | 2.3 |
ROIC/WACCN/A
WACC9.23%
2.3 Liquidity
APAM has a Current Ratio of 1.63. This is a normal value and indicates that APAM is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 1.63, APAM is in line with its industry, outperforming 42.42% of the companies in the same industry.
A Quick Ratio of 0.47 indicates that APAM may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.47, APAM is doing worse than 87.88% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.63 | ||
| Quick Ratio | 0.47 |
3. Growth
3.1 Past
APAM shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 115.22%, which is quite impressive.
Measured over the past years, APAM shows a decrease in Earnings Per Share. The EPS has been decreasing by -1.17% on average per year.
The Revenue for APAM has decreased by -19.18% in the past year. This is quite bad
APAM shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.11% yearly.
EPS 1Y (TTM)115.22%
EPS 3Y21.27%
EPS 5Y-1.17%
EPS Q2Q%520.69%
Revenue 1Y (TTM)-19.18%
Revenue growth 3Y22.07%
Revenue growth 5Y7.11%
Sales Q2Q%2.05%
3.2 Future
The Earnings Per Share is expected to grow by 14.87% on average over the next years. This is quite good.
APAM is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.71% yearly.
EPS Next Y-55.7%
EPS Next 2Y8.45%
EPS Next 3Y14.87%
EPS Next 5YN/A
Revenue Next Year-1%
Revenue Next 2Y2.88%
Revenue Next 3Y3.65%
Revenue Next 5Y3.71%
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.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 6.35, the valuation of APAM can be described as very cheap.
90.91% of the companies in the same industry are more expensive than APAM, based on the Price/Earnings ratio.
APAM's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.41.
Based on the Price/Forward Earnings ratio of 7.63, the valuation of APAM can be described as very cheap.
69.70% of the companies in the same industry are more expensive than APAM, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of APAM to the average of the S&P500 Index (23.69), we can say APAM is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.35 | ||
| Fwd PE | 7.63 |
4.2 Price Multiples
APAM's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. APAM is more expensive than 69.70% of the companies in the same industry.
60.61% of the companies in the same industry are more expensive than APAM, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 35.38 | ||
| EV/EBITDA | 11.45 |
4.3 Compensation for Growth
APAM's earnings are expected to grow with 14.87% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y8.45%
EPS Next 3Y14.87%
5. Dividend
5.1 Amount
APAM has a Yearly Dividend Yield of 6.67%, which is a nice return.
Compared to an average industry Dividend Yield of 4.03, APAM pays a better dividend. On top of this APAM pays more dividend than 87.88% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.33, APAM pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.67% |
5.2 History
The dividend of APAM has a limited annual growth rate of 5.45%.
Dividend Growth(5Y)5.45%
Div Incr Years0
Div Non Decr Years4
5.3 Sustainability
217.91% of the earnings are spent on dividend by APAM. This is not a sustainable payout ratio.
APAM's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP217.91%
EPS Next 2Y8.45%
EPS Next 3Y14.87%
APERAM
AMS:APAM (1/3/2025, 7:00:00 PM)
25.14
-0.34 (-1.33%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners22.56%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap1.84B
Analysts72
Price Target33.35 (32.66%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.67% |
Dividend Growth(5Y)5.45%
DP217.91%
Div Incr Years0
Div Non Decr Years4
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-81.28%
Min EPS beat(2)-354.9%
Max EPS beat(2)192.34%
EPS beat(4)2
Avg EPS beat(4)174.03%
Min EPS beat(4)-354.9%
Max EPS beat(4)1029.46%
EPS beat(8)3
Avg EPS beat(8)82.42%
EPS beat(12)6
Avg EPS beat(12)59.09%
EPS beat(16)10
Avg EPS beat(16)62.4%
Revenue beat(2)0
Avg Revenue beat(2)-9.56%
Min Revenue beat(2)-14.9%
Max Revenue beat(2)-4.22%
Revenue beat(4)1
Avg Revenue beat(4)-5.12%
Min Revenue beat(4)-14.9%
Max Revenue beat(4)1.11%
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)3.26%
PT rev (3m)7.96%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-10.53%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.17%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-4.45%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.69%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.35 | ||
| Fwd PE | 7.63 | ||
| P/S | 0.29 | ||
| P/FCF | 35.38 | ||
| P/OCF | 5.33 | ||
| P/B | 0.57 | ||
| P/tB | 0.66 | ||
| EV/EBITDA | 11.45 |
EPS(TTM)3.96
EY15.75%
EPS(NY)3.29
Fwd EY13.1%
FCF(TTM)0.71
FCFY2.83%
OCF(TTM)4.71
OCFY18.75%
SpS86.16
BVpS44.21
TBVpS38.25
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.11% | ||
| ROE | 2.07% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 1.06% | ||
| GM | 4.22% | ||
| FCFM | 0.82% |
ROA(3y)10.12%
ROA(5y)7.65%
ROE(3y)19.08%
ROE(5y)14.26%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)16.98%
ROCE(5y)12.93%
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y-37.77%
OM growth 5Y-29.44%
PM growth 3Y-13.93%
PM growth 5Y-12.82%
GM growth 3Y-17.57%
GM growth 5Y-13.98%
F-Score4
Asset Turnover1.05
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.25 | ||
| Debt/FCF | 17.04 | ||
| Debt/EBITDA | 4.13 | ||
| Cap/Depr | 131.39% | ||
| Cap/Sales | 4.65% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | 178.76% | ||
| Profit Quality | 77.61% | ||
| Current Ratio | 1.63 | ||
| Quick Ratio | 0.47 | ||
| Altman-Z | 2.3 |
F-Score4
WACC9.23%
ROIC/WACCN/A
Cap/Depr(3y)137.74%
Cap/Depr(5y)117.92%
Cap/Sales(3y)3.73%
Cap/Sales(5y)3.55%
Profit Quality(3y)59.74%
Profit Quality(5y)91.67%
High Growth Momentum
Growth
EPS 1Y (TTM)115.22%
EPS 3Y21.27%
EPS 5Y-1.17%
EPS Q2Q%520.69%
EPS Next Y-55.7%
EPS Next 2Y8.45%
EPS Next 3Y14.87%
EPS Next 5YN/A
Revenue 1Y (TTM)-19.18%
Revenue growth 3Y22.07%
Revenue growth 5Y7.11%
Sales Q2Q%2.05%
Revenue Next Year-1%
Revenue Next 2Y2.88%
Revenue Next 3Y3.65%
Revenue Next 5Y3.71%
EBIT growth 1Y-107.44%
EBIT growth 3Y-24.03%
EBIT growth 5Y-24.43%
EBIT Next Year227.69%
EBIT Next 3Y83.48%
EBIT Next 5Y59.99%
FCF growth 1Y-83.8%
FCF growth 3Y-4.68%
FCF growth 5Y10.28%
OCF growth 1Y-30.3%
OCF growth 3Y15.84%
OCF growth 5Y9.81%