APERAM (APAM.AS) Stock Fundamental Analysis

Europe • Euronext Amsterdam • AMS:APAM • LU0569974404

41.5 EUR
+4.38 (+11.8%)
Last: Feb 6, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

4

Taking everything into account, APAM scores 4 out of 10 in our fundamental rating. APAM was compared to 42 industry peers in the Metals & Mining industry. APAM scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. APAM has a valuation in line with the averages, but 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.
  • APAM had positive earnings in 4 of the past 5 years.
  • Of the past 5 years APAM 4 years 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 200M 400M 600M 800M 1B

1.2 Ratios

  • With a Return On Assets value of 2.89%, APAM perfoms like the industry average, outperforming 47.73% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of 4.79%, APAM is in line with its industry, outperforming 45.45% of the companies in the same industry.
  • APAM has a worse Return On Invested Capital (2.31%) than 63.64% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for APAM is in line with the industry average of 7.74%.
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

  • APAM's Profit Margin of 1.64% is in line compared to the rest of the industry. APAM outperforms 40.91% of its industry peers.
  • In the last couple of years the Profit Margin of APAM has remained more or less at the same level.
  • Looking at the Operating Margin, with a value of 1.38%, APAM is doing worse than 70.45% of the companies in the same industry.
  • APAM's Operating Margin has declined in the last couple of years.
  • APAM has a worse Gross Margin (4.81%) than 84.09% 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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ROAROEROICOperating and Profit MarginShow most profitable peers

4

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so APAM is destroying value.
  • APAM has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
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

  • 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.
  • Looking at the Debt to FCF ratio, with a value of 5.04, APAM is in the better half of the industry, outperforming 61.36% 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's Debt to Equity ratio of 0.22 is in line compared to the rest of the industry. APAM outperforms 54.55% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.22
Debt/FCF 5.04
Altman-Z N/A
ROIC/WACC0.27
WACC8.63%
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.
  • Looking at the Current ratio, with a value of 1.92, APAM is in line with its industry, outperforming 52.27% of the companies in the same industry.
  • A Quick Ratio of 1.92 indicates that APAM should not have too much problems paying its short term obligations.
  • APAM's Quick ratio of 1.92 is fine compared to the rest of the industry. APAM outperforms 79.55% of its industry peers.
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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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. Growth

3.1 Past

  • The earnings per share for APAM have decreased strongly by -86.14% in the last year.
  • The earnings per share for APAM have been decreasing by -22.49% on average. This is quite bad
EPS 1Y (TTM)-86.14%
EPS 3Y-62.29%
EPS 5Y-22.49%
EPS Q2Q%129.46%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-8.87%

3.2 Future

  • The Earnings Per Share is expected to grow by 197.46% on average over the next years. This is a very strong growth
  • The Revenue is expected to grow by 5.37% on average over the next years.
EPS Next Y489.2%
EPS Next 2Y197.46%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year7.44%
Revenue Next 2Y6.9%
Revenue Next 3Y7.83%
Revenue Next 5Y5.37%

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.
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

More info and screens

Find the best growth stocksShow best growing peers

5

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 94.32, the valuation of APAM can be described as expensive.
  • Based on the Price/Earnings ratio, APAM is valued a bit more expensive than the industry average as 63.64% of the companies are valued more cheaply.
  • The average S&P500 Price/Earnings ratio is at 27.93. APAM is valued rather expensively when compared to this.
  • APAM is valuated correctly with a Price/Forward Earnings ratio of 16.03.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of APAM is on the same level as its industry peers.
  • APAM is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 27.77, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 94.32
Fwd PE 16.03
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

  • APAM's Enterprise Value to EBITDA is on the same level as the industry average.
  • APAM's Price/Free Cash Flow ratio is rather cheap when compared to the industry. APAM is cheaper than 95.45% of the companies in the same industry.
Industry RankSector Rank
P/FCF 11.21
EV/EBITDA 11.77
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.
  • APAM's earnings are expected to grow with 197.46% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.19
PEG (5Y)N/A
EPS Next 2Y197.46%
EPS Next 3YN/A

More info and screens

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

7

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 4.58%, APAM is a good candidate for dividend investing.
  • APAM's Dividend Yield is rather good when compared to the industry average which is at 1.66. 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 4.58%

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

  • 94.77% of the earnings are spent on dividend by APAM. 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 2Y197.46%
EPS Next 3YN/A
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

More info and screens

Find the best dividend stocksShow peers with best dividend

APERAM

AMS:APAM (2/6/2026, 7:00:00 PM)

41.5

+4.38 (+11.8%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)02-06
Earnings (Next)04-30
Inst Owners25.33%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap3.04B
Revenue(TTM)N/A
Net Income(TTM)153.00M
Analysts74.12
Price Target36.51 (-12.02%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.58%
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)7.8%
PT rev (3m)16.28%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)1.53%
EPS NY rev (3m)-63.53%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-3.44%
Valuation
Industry RankSector Rank
PE 94.32
Fwd PE 16.03
P/S 0.33
P/FCF 11.21
P/OCF 7.06
P/B 0.95
P/tB 1.13
EV/EBITDA 11.77
EPS(TTM)0.44
EY1.06%
EPS(NY)2.59
Fwd EY6.24%
FCF(TTM)3.7
FCFY8.92%
OCF(TTM)5.88
OCFY14.16%
SpS127.69
BVpS43.65
TBVpS36.66
PEG (NY)0.19
PEG (5Y)N/A
Graham Number20.79
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
WACC8.63%
ROIC/WACC0.27
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)-86.14%
EPS 3Y-62.29%
EPS 5Y-22.49%
EPS Q2Q%129.46%
EPS Next Y489.2%
EPS Next 2Y197.46%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-8.87%
Revenue Next Year7.44%
Revenue Next 2Y6.9%
Revenue Next 3Y7.83%
Revenue Next 5Y5.37%
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 94.32 and the Price/Book (PB) ratio is 0.95.


Can you provide the financial health for APAM stock?

The financial health rating of APERAM (APAM.AS) is 5 / 10.