APERAM (APAM.AS) Stock Fundamental Analysis
Europe - Euronext Amsterdam - AMS:APAM - LU0569974404 - Common Stock
35.8 EUR
-0.5 (-1.38%)
Overall APAM gets a fundamental rating of 4 out of 10. We evaluated APAM against 45 industry peers in the Metals & Mining industry. While APAM seems to be doing ok healthwise, there are quite some concerns on its profitability. APAM has a expensive valuation and it also scores bad on growth. Finally APAM also has an excellent dividend rating.
1. Profitability
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.
- In the past 5 years APAM always reported a positive cash flow from operatings.
1.2 Ratios
- With a Return On Assets value of 2.89%, APAM perfoms like the industry average, outperforming 48.89% of the companies in the same industry.
- APAM's Return On Equity of 4.79% is in line compared to the rest of the industry. APAM outperforms 46.67% of its industry peers.
- APAM has a Return On Invested Capital of 2.31%. This is in the lower half of the industry: APAM underperforms 64.44% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for APAM is in line with the industry average of 8.05%.
| Industry Rank | Sector 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%
1.3 Margins
- Looking at the Profit Margin, with a value of 1.64%, APAM is doing worse than 60.00% of the companies in the same industry.
- APAM's Profit Margin has been stable in the last couple of years.
- Looking at the Operating Margin, with a value of 1.38%, APAM is doing worse than 71.11% of the companies in the same industry.
- In the last couple of years the Operating Margin of APAM has declined.
- APAM has a Gross Margin of 4.81%. This is amonst the worse of the industry: APAM underperforms 88.89% of its industry peers.
- APAM's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector 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%
2. Health
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.
- Compared to 5 years ago, APAM has less shares outstanding
- Compared to 1 year ago, APAM has an improved debt to assets ratio.
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 (5.04) which is comparable to the rest of the industry.
- A Debt/Equity ratio of 0.22 indicates that APAM is not too dependend on debt financing.
- The Debt to Equity ratio of APAM (0.22) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.22 | ||
| Debt/FCF | 5.04 | ||
| Altman-Z | N/A |
ROIC/WACC0.26
WACC8.92%
2.3 Liquidity
- A Current Ratio of 1.92 indicates that APAM should not have too much problems paying 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 80.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.92 | ||
| Quick Ratio | 1.92 |
3. Growth
3.1 Past
- APAM shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -94.46%.
- APAM shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 13.01% yearly.
- The Revenue has decreased by -5.11% in the past 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
- The Earnings Per Share is expected to grow by 7.03% on average over the next years.
- 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-87.34%
EPS Next 2Y-9.64%
EPS Next 3Y7.03%
EPS Next 5YN/A
Revenue Next Year-1.85%
Revenue Next 2Y2.69%
Revenue Next 3Y3.9%
Revenue Next 5Y4.46%
3.3 Evolution
- The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
- The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- APAM is valuated quite expensively with a Price/Earnings ratio of 162.73.
- Based on the Price/Earnings ratio, APAM is valued a bit more expensive than the industry average as 68.89% of the companies are valued more cheaply.
- APAM's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 27.21.
- With a Price/Forward Earnings ratio of 13.83, APAM is valued correctly.
- Based on the Price/Forward Earnings ratio, APAM is valued a bit cheaper than 73.33% of the companies in the same industry.
- Compared to an average S&P500 Price/Forward Earnings ratio of 25.98, APAM is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 162.73 | ||
| Fwd PE | 13.83 |
4.2 Price Multiples
- The rest of the industry has a similar Enterprise Value to EBITDA ratio as APAM.
- Based on the Price/Free Cash Flow ratio, APAM is valued cheaper than 95.56% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.67 | ||
| EV/EBITDA | 10.75 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)12.51
EPS Next 2Y-9.64%
EPS Next 3Y7.03%
5. Dividend
5.1 Amount
- APAM has a Yearly Dividend Yield of 4.66%, which is a nice return.
- Compared to an average industry Dividend Yield of 1.67, APAM pays a better dividend. On top of this APAM pays more dividend than 88.89% of the companies listed in the same industry.
- APAM's Dividend Yield is rather good when compared to the S&P500 average which is at 1.81.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.66% |
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
5.3 Sustainability
- 94.77% 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.
DP94.77%
EPS Next 2Y-9.64%
EPS Next 3Y7.03%
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 162.73 and the Price/Book (PB) ratio is 0.82.
Can you provide the financial health for APAM stock?
The financial health rating of APERAM (APAM.AS) is 4 / 10.