APERAM (APAM.AS) Fundamental Analysis & Valuation

AMS:APAM • LU0569974404

Current stock price

34.16 EUR
-0.64 (-1.84%)
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

  • APAM had positive earnings in the past year.
  • In the past year APAM had a positive cash flow from operations.
  • APAM had positive earnings in each of the past 5 years.
  • 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's Return On Assets of 2.89% is in line compared to the rest of the industry. APAM outperforms 47.37% of its industry peers.
  • APAM's Return On Equity of 4.79% is in line compared to the rest of the industry. APAM outperforms 47.37% of its industry peers.
  • APAM has a Return On Invested Capital of 0.29%. This is in the lower half of the industry: APAM underperforms 65.79% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for APAM is significantly below the industry average of 8.68%.
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

  • APAM has a Profit Margin (1.64%) which is in line with its industry peers.
  • 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 68.42% of the companies in the same industry.
  • In the last couple of years the Operating Margin of APAM has declined.
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

  • 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
  • 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 57.89% of its industry peers.
  • APAM has a Debt/Equity ratio of 0.22. This is a healthy value indicating a solid balance between debt and equity.
  • The Debt to Equity ratio of APAM (0.22) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.22
Debt/FCF 5.04
Altman-Z N/A
ROIC/WACC0.03
WACC9.53%
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 1.92 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 50.00% 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.
  • Looking at the Quick ratio, with a value of 1.92, APAM is in the better half of the industry, outperforming 76.32% 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

  • APAM shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -85.83%.
  • Measured over the past years, APAM shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -22.14% on average per year.
  • The Revenue has decreased by -2.80% in the past year.
  • APAM shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 10.90% yearly.
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

  • APAM is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 126.93% yearly.
  • Based on estimates for the next years, APAM will show a small growth in Revenue. The Revenue will grow by 6.37% on average per year.
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

  • 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.
  • 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

  • A Price/Earnings ratio of 75.91 indicates a quite expensive valuation of APAM.
  • Based on the Price/Earnings ratio, APAM is valued a bit more expensive than 65.79% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 25.51, APAM is valued quite expensively.
  • Based on the Price/Forward Earnings ratio of 14.54, the valuation of APAM can be described as correct.
  • APAM's Price/Forward Earnings is on the same level as the industry average.
  • APAM's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.76.
Industry RankSector Rank
PE 75.91
Fwd PE 14.54
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

  • Based on the Enterprise Value to EBITDA ratio, APAM is valued a bit more expensive than the industry average as 60.53% of the companies are valued more cheaply.
  • Based on the Price/Free Cash Flow ratio, APAM is valued cheaply inside the industry as 97.37% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 9.22
EV/EBITDA 14.99
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 126.93% in the coming years. This may justify a more expensive valuation.
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 4.90%, which is a nice return.
  • APAM's Dividend Yield is rather good when compared to the industry average which is at 1.79. APAM pays more dividend than 92.11% of the companies in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.89, APAM pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.9%

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 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 (4/2/2026, 5:29:56 PM)

34.16

-0.64 (-1.84%)

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 Cap2.50B
Revenue(TTM)6.08B
Net Income(TTM)153.00M
Analysts72.22
Price Target43.11 (26.2%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.9%
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)3.43%
PT rev (3m)27.29%
EPS NQ rev (1m)0%
EPS NQ rev (3m)N/A
EPS NY rev (1m)-9.23%
EPS NY rev (3m)-8.81%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.48%
Revenue NY rev (3m)-0.38%
Valuation
Industry RankSector Rank
PE 75.91
Fwd PE 14.54
P/S 0.27
P/FCF 9.22
P/OCF 5.81
P/B 0.78
P/tB 0.93
EV/EBITDA 14.99
EPS(TTM)0.45
EY1.32%
EPS(NY)2.35
Fwd EY6.88%
FCF(TTM)3.7
FCFY10.84%
OCF(TTM)5.88
OCFY17.2%
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
WACC9.53%
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.


How profitable is APERAM (APAM.AS) stock?

APERAM (APAM.AS) has a profitability rating of 3 / 10.


What is the earnings growth outlook for APERAM?

The Earnings per Share (EPS) of APERAM (APAM.AS) is expected to grow by 423.02% 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 94.77%.