APERAM (APAM.AS) Stock Fundamental Analysis

AMS:APAM • LU0569974404

43.5 EUR
+0.4 (+0.93%)
Last: Feb 25, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

4

Overall APAM gets a fundamental rating of 4 out of 10. We evaluated APAM against 40 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 correct valuation and a medium growth rate.


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.
  • Each year in the past 5 years APAM has been profitable.
  • Each year in the past 5 years APAM 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 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 45.00% of its industry peers.
  • Looking at the Return On Equity, with a value of 4.79%, APAM is in line with its industry, outperforming 42.50% of the companies in the same industry.
  • The Return On Invested Capital of APAM (0.29%) is worse than 70.00% 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 7.94%.
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 comparable to the rest of the industry.
  • APAM's Profit Margin has declined in the last couple of years.
  • The Operating Margin of APAM (0.17%) is worse than 70.00% of its industry peers.
  • 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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ROAROEROICOperating and Profit MarginShow most profitable peers

4

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), APAM is destroying value.
  • APAM has about the same amout of shares outstanding than it did 1 year ago.
  • APAM has less shares outstanding than it did 5 years ago.
  • 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

  • APAM has a debt to FCF ratio of 5.04. This is a neutral value as APAM would need 5.04 years to pay back of all of its debts.
  • APAM has a Debt to FCF ratio (5.04) which is in line with its industry peers.
  • A Debt/Equity ratio of 0.22 indicates that APAM is not too dependend on debt financing.
  • With a Debt to Equity ratio value of 0.22, APAM perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.22
Debt/FCF 5.04
Altman-Z N/A
ROIC/WACC0.03
WACC9.16%
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.
  • APAM has a Current ratio (1.92) which is in line with its industry peers.
  • A Quick Ratio of 1.92 indicates that APAM should not have too much problems paying its short term obligations.
  • APAM has a Quick ratio of 1.92. This is in the better half of the industry: APAM outperforms 80.00% 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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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. Growth

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.
  • The Revenue has been growing by 10.90% on average over the past years. This is quite good.
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 194.16% yearly.
  • The Revenue is expected to grow by 5.37% on average over the next years.
EPS Next Y476.19%
EPS Next 2Y194.16%
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

  • 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 2 4 6 8 10

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Find the best growth stocksShow best growing peers

5

4. Valuation

4.1 Price/Earnings Ratio

  • APAM is valuated quite expensively with a Price/Earnings ratio of 96.67.
  • Based on the Price/Earnings ratio, APAM is valued a bit more expensive than 67.50% of the companies in the same industry.
  • APAM is valuated expensively when we compare the Price/Earnings ratio to 27.05, which is the current average of the S&P500 Index.
  • A Price/Forward Earnings ratio of 16.81 indicates a correct valuation of APAM.
  • APAM's Price/Forward Earnings is on the same level as the industry average.
  • APAM is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 28.03, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 96.67
Fwd PE 16.81
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

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of APAM indicates a slightly more expensive valuation: APAM is more expensive than 62.50% of the companies listed in the same industry.
  • APAM's Price/Free Cash Flow ratio is rather cheap when compared to the industry. APAM is cheaper than 95.00% of the companies in the same industry.
Industry RankSector Rank
P/FCF 11.75
EV/EBITDA 17.31
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 194.16% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.2
PEG (5Y)N/A
EPS Next 2Y194.16%
EPS Next 3YN/A

More info and screens

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

6

5. Dividend

5.1 Amount

  • APAM has a Yearly Dividend Yield of 3.98%.
  • APAM's Dividend Yield is rather good when compared to the industry average which is at 1.88. APAM pays more dividend than 85.00% of the companies in the same industry.
  • APAM's Dividend Yield is rather good when compared to the S&P500 average which is at 1.80.
Industry RankSector Rank
Dividend Yield 3.98%

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 2Y194.16%
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 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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Find the best dividend stocksShow peers with best dividend

APERAM

AMS:APAM (2/25/2026, 7:00:00 PM)

43.5

+0.4 (+0.93%)

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 Cap3.18B
Revenue(TTM)6.08B
Net Income(TTM)153.00M
Analysts72.22
Price Target36.51 (-16.07%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.98%
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)6.68%
PT rev (3m)14.6%
EPS NQ rev (1m)82%
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-16.59%
Revenue NQ rev (1m)1.3%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-4.64%
Valuation
Industry RankSector Rank
PE 96.67
Fwd PE 16.81
P/S 0.34
P/FCF 11.75
P/OCF 7.4
P/B 1
P/tB 1.19
EV/EBITDA 17.31
EPS(TTM)0.45
EY1.03%
EPS(NY)2.59
Fwd EY5.95%
FCF(TTM)3.7
FCFY8.51%
OCF(TTM)5.88
OCFY13.51%
SpS127.69
BVpS43.65
TBVpS36.66
PEG (NY)0.2
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
WACC9.16%
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 Y476.19%
EPS Next 2Y194.16%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-2.8%
Revenue growth 3Y-9.33%
Revenue growth 5Y10.9%
Sales Q2Q%-7.68%
Revenue Next Year7.44%
Revenue Next 2Y6.9%
Revenue Next 3Y7.83%
Revenue Next 5Y5.37%
EBIT growth 1Y-87.6%
EBIT growth 3Y-73.77%
EBIT growth 5Y-39.84%
EBIT Next Year482.3%
EBIT Next 3Y91.24%
EBIT Next 5Y48.79%
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 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 96.67 and the Price/Book (PB) ratio is 1.


Can you provide the financial health for APAM stock?

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