APERAM (APAM.AS) Stock Fundamental Analysis
AMS:APAM - Euronext Amsterdam - LU0569974404 - Common Stock - Currency: EUR
Taking everything into account, APAM scores 4 out of 10 in our fundamental rating. APAM was compared to 35 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 is not valued too expensively and it also shows a decent growth rate. Finally APAM also has an excellent dividend rating.
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.
In the past 5 years APAM has always been profitable.
Each year in the past 5 years APAM had a positive operating cash flow.
1.2 Ratios
APAM has a Return On Assets (3.96%) which is comparable to the rest of the industry.
With a Return On Equity value of 6.89%, APAM perfoms like the industry average, outperforming 57.14% of the companies in the same industry.
The Return On Invested Capital of APAM (2.23%) is worse than 65.71% 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 7.32%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.96% | ||
| ROE | 6.89% | ||
| ROIC | 2.23% |
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
APAM has a Profit Margin (3.69%) which is in line with 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 2.06%, APAM is doing worse than 74.29% of the companies in the same industry.
In the last couple of years the Operating Margin of APAM has declined.
APAM has a worse Gross Margin (7.18%) than 88.57% of its industry peers.
APAM's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 2.06% | ||
| PM (TTM) | 3.69% | ||
| GM | 7.18% |
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
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.
The debt/assets ratio for APAM has been reduced compared to a year ago.
2.2 Solvency
APAM has an Altman-Z score of 2.58. This is not the best score and indicates that APAM is in the grey zone with still only limited risk for bankruptcy at the moment.
APAM has a better Altman-Z score (2.58) than 62.86% of its industry peers.
APAM has a debt to FCF ratio of 6.67. This is a slightly negative value and a sign of low solvency as APAM would need 6.67 years to pay back of all of its debts.
APAM has a Debt to FCF ratio (6.67) which is comparable to the rest of the industry.
A Debt/Equity ratio of 0.20 indicates that APAM is not too dependend on debt financing.
APAM's Debt to Equity ratio of 0.20 is in line compared to the rest of the industry. APAM outperforms 48.57% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.2 | ||
| Debt/FCF | 6.67 | ||
| Altman-Z | 2.58 |
ROIC/WACC0.27
WACC8.2%
2.3 Liquidity
A Current Ratio of 1.73 indicates that APAM should not have too much problems paying its short term obligations.
The Current ratio of APAM (1.73) is comparable to the rest of the industry.
A Quick Ratio of 0.43 indicates that APAM may have some problems paying its short term obligations.
The Quick ratio of APAM (0.43) is worse than 94.29% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.73 | ||
| Quick Ratio | 0.43 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 394.25% over the past year.
The Earnings Per Share has been growing by 13.01% on average over the past years. This is quite good.
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)394.25%
EPS 3Y-33.06%
EPS 5Y13.01%
EPS Q2Q%130.46%
Revenue 1Y (TTM)-5.11%
Revenue growth 3Y7.03%
Revenue growth 5Y8.09%
Sales Q2Q%-7.37%
3.2 Future
APAM is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 13.75% yearly.
APAM is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.08% yearly.
EPS Next Y-28.55%
EPS Next 2Y9.37%
EPS Next 3Y13.75%
EPS Next 5YN/A
Revenue Next Year6.03%
Revenue Next 2Y6.95%
Revenue Next 3Y5.98%
Revenue Next 5Y6.08%
3.3 Evolution
The EPS growth rate is stable: in the next years the growth will be about the same 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
A Price/Earnings ratio of 7.62 indicates a rather cheap valuation of APAM.
82.86% of the companies in the same industry are more expensive than APAM, based on the Price/Earnings ratio.
APAM is valuated cheaply when we compare the Price/Earnings ratio to 27.21, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 7.06 indicates a rather cheap valuation of APAM.
Based on the Price/Forward Earnings ratio, APAM is valued cheaper than 85.71% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 21.70. APAM is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.62 | ||
| Fwd PE | 7.06 |
4.2 Price Multiples
APAM's Enterprise Value to EBITDA ratio is in line with the industry average.
68.57% of the companies in the same industry are more expensive than APAM, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.18 | ||
| EV/EBITDA | 6.66 |
4.3 Compensation for Growth
A more expensive valuation may be justified as APAM's earnings are expected to grow with 13.75% in the coming years.
PEG (NY)N/A
PEG (5Y)0.59
EPS Next 2Y9.37%
EPS Next 3Y13.75%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 6.13%, APAM is a good candidate for dividend investing.
APAM's Dividend Yield is rather good when compared to the industry average which is at 3.20. APAM pays more dividend than 91.43% of the companies in the same industry.
APAM's Dividend Yield is rather good when compared to the S&P500 average which is at 2.42.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.13% |
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
62.77% 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.
DP62.77%
EPS Next 2Y9.37%
EPS Next 3Y13.75%
AMS:APAM (7/1/2025, 7:00:00 PM)
26.76
-0.68 (-2.48%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners21.81%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap1.96B
Analysts75.29
Price Target31.05 (16.03%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.13% |
Yearly Dividend2.01
Dividend Growth(5Y)2.91%
DP62.77%
Div Incr Years0
Div Non Decr Years5
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)267.51%
Min EPS beat(2)-68.55%
Max EPS beat(2)603.58%
EPS beat(4)2
Avg EPS beat(4)93.11%
Min EPS beat(4)-354.9%
Max EPS beat(4)603.58%
EPS beat(8)4
Avg EPS beat(8)162.72%
EPS beat(12)5
Avg EPS beat(12)99.21%
EPS beat(16)9
Avg EPS beat(16)81.41%
Revenue beat(2)0
Avg Revenue beat(2)-6.72%
Min Revenue beat(2)-8.46%
Max Revenue beat(2)-4.97%
Revenue beat(4)0
Avg Revenue beat(4)-8.14%
Min Revenue beat(4)-14.9%
Max Revenue beat(4)-4.22%
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)-0.05%
PT rev (3m)-6.11%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-9.31%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)2.41%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.62 | ||
| Fwd PE | 7.06 | ||
| P/S | 0.31 | ||
| P/FCF | 17.18 | ||
| P/OCF | 6.99 | ||
| P/B | 0.58 | ||
| P/tB | 0.67 | ||
| EV/EBITDA | 6.66 |
EPS(TTM)3.51
EY13.12%
EPS(NY)3.79
Fwd EY14.17%
FCF(TTM)1.56
FCFY5.82%
OCF(TTM)3.83
OCFY14.3%
SpS85.47
BVpS45.83
TBVpS40
PEG (NY)N/A
PEG (5Y)0.59
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.96% | ||
| ROE | 6.89% | ||
| ROCE | 3.09% | ||
| ROIC | 2.23% | ||
| ROICexc | 2.34% | ||
| ROICexgc | 2.61% | ||
| OM | 2.06% | ||
| PM (TTM) | 3.69% | ||
| GM | 7.18% | ||
| FCFM | 1.82% |
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%
ROICexcg growth 3Y-53.63%
ROICexcg 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-Score5
Asset Turnover1.07
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.2 | ||
| Debt/FCF | 6.67 | ||
| Debt/EBITDA | 1.91 | ||
| Cap/Depr | 72.49% | ||
| Cap/Sales | 2.65% | ||
| Interest Coverage | 2.87 | ||
| Cash Conversion | 78.21% | ||
| Profit Quality | 49.35% | ||
| Current Ratio | 1.73 | ||
| Quick Ratio | 0.43 | ||
| Altman-Z | 2.58 |
F-Score5
WACC8.2%
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)394.25%
EPS 3Y-33.06%
EPS 5Y13.01%
EPS Q2Q%130.46%
EPS Next Y-28.55%
EPS Next 2Y9.37%
EPS Next 3Y13.75%
EPS Next 5YN/A
Revenue 1Y (TTM)-5.11%
Revenue growth 3Y7.03%
Revenue growth 5Y8.09%
Sales Q2Q%-7.37%
Revenue Next Year6.03%
Revenue Next 2Y6.95%
Revenue Next 3Y5.98%
Revenue Next 5Y6.08%
EBIT growth 1Y44.94%
EBIT growth 3Y-51.99%
EBIT growth 5Y-9.11%
EBIT Next Year278.52%
EBIT Next 3Y79.88%
EBIT Next 5Y46.44%
FCF growth 1Y-32.14%
FCF growth 3Y-34.08%
FCF growth 5Y-14.47%
OCF growth 1Y-40.55%
OCF growth 3Y-20.15%
OCF growth 5Y-6.89%