APERAM (APAM.AS) Fundamental Analysis & Valuation

AMS:APAM • LU0569974404

Current stock price

32.86 EUR
-1.84 (-5.3%)
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.
  • APAM had a positive operating cash flow in the past year.
  • In the past 5 years APAM has always been profitable.
  • 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

  • With a Return On Assets value of 2.89%, APAM perfoms like the industry average, outperforming 43.18% 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 40.91% 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 72.73% 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 8.65%.
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

  • With a Profit Margin value of 1.64%, APAM perfoms like the industry average, outperforming 40.91% of the companies in the same industry.
  • APAM's Profit Margin has declined in the last couple of years.
  • With a Operating Margin value of 0.17%, APAM is not doing good in the industry: 72.73% of the companies in the same industry are doing better.
  • APAM's Operating Margin has declined in the last couple of years.
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

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so APAM is destroying value.
  • Compared to 1 year ago, APAM has about the same amount of shares outstanding.
  • APAM has less shares outstanding than it did 5 years ago.
  • APAM has a worse 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 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.
  • Looking at the Debt to FCF ratio, with a value of 5.04, APAM is in line with its industry, outperforming 59.09% of the companies in the same industry.
  • A Debt/Equity ratio of 0.22 indicates that APAM is not too dependend on debt financing.
  • APAM's Debt to Equity ratio of 0.22 is in line compared to the rest of the industry. APAM outperforms 50.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.22
Debt/FCF 5.04
Altman-Z N/A
ROIC/WACC0.03
WACC9.35%
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

  • APAM has a Current 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.
  • 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.
  • APAM's Quick ratio of 1.92 is fine compared to the rest of the industry. APAM outperforms 68.18% 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 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%.
  • The earnings per share for APAM have been decreasing by -22.14% on average. This is quite bad
  • APAM shows a decrease in Revenue. In the last year, the revenue decreased by -2.80%.
  • Measured over the past years, APAM shows a quite strong growth in Revenue. The Revenue has been growing by 10.90% on average per year.
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.
  • The Revenue is expected to grow by 6.37% on average over the next years.
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

  • 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.
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

  • Based on the Price/Earnings ratio of 73.02, the valuation of APAM can be described as expensive.
  • Compared to the rest of the industry, the Price/Earnings ratio of APAM indicates a slightly more expensive valuation: APAM is more expensive than 68.18% of the companies listed in the same industry.
  • When comparing the Price/Earnings ratio of APAM to the average of the S&P500 Index (25.79), we can say APAM is valued expensively.
  • With a Price/Forward Earnings ratio of 13.99, APAM is valued correctly.
  • 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 23.80.
Industry RankSector Rank
PE 73.02
Fwd PE 13.99
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 63.64% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, APAM is valued cheaply inside the industry as 95.45% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 8.87
EV/EBITDA 14.96
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.
  • A more expensive valuation may be justified as APAM's earnings are expected to grow with 126.93% in the coming years.
PEG (NY)0.17
PEG (5Y)N/A
EPS Next 2Y206.43%
EPS Next 3Y126.93%

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7

5. APAM.AS Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 4.91%, APAM is a good candidate for dividend investing.
  • APAM's Dividend Yield is rather good when compared to the industry average which is at 1.61. APAM pays more dividend than 93.18% of the companies in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.91, APAM pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.91%

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

  • 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 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 (3/19/2026, 1:54:12 PM)

32.86

-1.84 (-5.3%)

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 Cap2.40B
Revenue(TTM)6.08B
Net Income(TTM)153.00M
Analysts72.22
Price Target41.68 (26.84%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.91%
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)14.17%
PT rev (3m)26.31%
EPS NQ rev (1m)0%
EPS NQ rev (3m)N/A
EPS NY rev (1m)-9.23%
EPS NY rev (3m)-11.15%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.38%
Revenue NY rev (3m)-1.62%
Valuation
Industry RankSector Rank
PE 73.02
Fwd PE 13.99
P/S 0.26
P/FCF 8.87
P/OCF 5.59
P/B 0.75
P/tB 0.9
EV/EBITDA 14.96
EPS(TTM)0.45
EY1.37%
EPS(NY)2.35
Fwd EY7.15%
FCF(TTM)3.7
FCFY11.27%
OCF(TTM)5.88
OCFY17.88%
SpS127.69
BVpS43.65
TBVpS36.66
PEG (NY)0.17
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
WACC9.35%
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.


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 73.02 and the Price/Book (PB) ratio is 0.75.


Can you provide the financial health for APAM stock?

The financial health rating of APERAM (APAM.AS) is 4 / 10.