APERAM (APAM.AS) Fundamental Analysis & Valuation

AMS:APAM • LU0569974404

Current stock price

40.78 EUR
-0.66 (-1.59%)
Last:

This APAM.AS fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

2

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 has a Return On Assets of -0.48%. This is in the lower half of the industry: APAM underperforms 65.91% of its industry peers.
  • APAM's Return On Equity of -0.94% is on the low side compared to the rest of the industry. APAM is outperformed by 65.91% of its industry peers.
  • APAM has a Return On Invested Capital of 0.26%. This is in the lower half of the industry: APAM underperforms 65.91% of its industry peers.
  • APAM had an Average Return On Invested Capital over the past 3 years of 1.34%. This is significantly below the industry average of 8.54%.
Industry RankSector Rank
ROA -0.48%
ROE -0.94%
ROIC 0.26%
ROA(3y)2.69%
ROA(5y)6.89%
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

  • In the last couple of years the Profit Margin of APAM has declined.
  • The Operating Margin of APAM (0.17%) is worse than 68.18% of its industry peers.
  • APAM's Operating Margin has declined in the last couple of years.
  • APAM's Gross Margin of 3.73% is on the low side compared to the rest of the industry. APAM is outperformed by 88.64% of its industry peers.
  • APAM's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 0.17%
PM (TTM) N/A
GM 3.73%
OM growth 3Y-71.08%
OM growth 5Y-45.75%
PM growth 3Y-73.17%
PM growth 5Y-50.19%
GM growth 3Y-27.02%
GM growth 5Y-11.39%
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. 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.
  • 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

  • An Altman-Z score of 2.96 indicates that APAM is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • With a Altman-Z score value of 2.96, APAM perfoms like the industry average, outperforming 56.82% of the companies in the same industry.
  • The Debt to FCF ratio of APAM is 5.25, which is a neutral value as it means it would take APAM, 5.25 years of fcf income to pay off all of its debts.
  • APAM's Debt to FCF ratio of 5.25 is fine compared to the rest of the industry. APAM outperforms 61.36% of its industry peers.
  • A Debt/Equity ratio of 0.36 indicates that APAM is not too dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.36, APAM is doing worse than 61.36% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.36
Debt/FCF 5.25
Altman-Z 2.96
ROIC/WACC0.03
WACC9.48%
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 1.80 indicates that APAM should not have too much problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 1.80, APAM is in line with its industry, outperforming 50.00% of the companies in the same industry.
  • A Quick Ratio of 0.57 indicates that APAM may have some problems paying its short term obligations.
  • APAM has a worse Quick ratio (0.57) than 77.27% of its industry peers.
Industry RankSector Rank
Current Ratio 1.8
Quick Ratio 0.57
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. APAM.AS Growth Analysis

3.1 Past

  • The earnings per share for APAM have decreased strongly by -85.83% in the last year.
  • The earnings per share for APAM have been decreasing by -22.14% on average. This is quite bad
  • Looking at the last year, APAM shows a decrease in Revenue. The Revenue has decreased by -2.80% in the last 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 59.64% yearly.
  • APAM is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.21% yearly.
EPS Next Y391.15%
EPS Next 2Y204.13%
EPS Next 3Y127.37%
EPS Next 5Y59.64%
Revenue Next Year7.08%
Revenue Next 2Y7.35%
Revenue Next 3Y7.14%
Revenue Next 5Y6.21%

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.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
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 2029 2030 0 2 4 6 8 10

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Find the best growth stocksShow best growing peers

4

4. APAM.AS Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 90.62, which means the current valuation is very expensive for APAM.
  • 68.18% of the companies in the same industry are cheaper than APAM, based on the Price/Earnings ratio.
  • When comparing the Price/Earnings ratio of APAM to the average of the S&P500 Index (27.42), we can say APAM is valued expensively.
  • APAM is valuated rather expensively with a Price/Forward Earnings ratio of 18.48.
  • The rest of the industry has a similar Price/Forward Earnings ratio as APAM.
  • APAM's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 22.29.
Industry RankSector Rank
PE 90.62
Fwd PE 18.48
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

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as APAM.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of APAM indicates a rather cheap valuation: APAM is cheaper than 90.91% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 12.03
EV/EBITDA 14.17
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 127.37% in the coming years.
PEG (NY)0.23
PEG (5Y)N/A
EPS Next 2Y204.13%
EPS Next 3Y127.37%

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

7

5. APAM.AS Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 4.10%, APAM is a good candidate for dividend investing.
  • APAM's Dividend Yield is rather good when compared to the industry average which is at 1.51. APAM pays more dividend than 90.91% of the companies in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.81, APAM pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.1%

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 Years6
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 has negative earnings and hence a negative payout ratio. The dividend may be in danger.
  • APAM's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP-483.33%
EPS Next 2Y204.13%
EPS Next 3Y127.37%
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

More info and screens

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APAM.AS Fundamentals: All Metrics, Ratios and Statistics

APERAM

AMS:APAM (4/24/2026, 7:00:00 PM)

40.78

-0.66 (-1.59%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)02-06
Earnings (Next)04-30
Inst Owners27.61%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap2.98B
Revenue(TTM)9.15B
Net Income(TTM)-30.00M
Analysts72.22
Price Target43.11 (5.71%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.1%
Yearly Dividend2.01
Dividend Growth(5Y)2.87%
DP-483.33%
Div Incr Years0
Div Non Decr Years6
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-936.82%
Min EPS beat(2)-2845.1%
Max EPS beat(2)971.46%
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)-10%
Min Revenue beat(2)-11.76%
Max Revenue beat(2)-8.24%
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)25.96%
EPS NQ rev (1m)-32.5%
EPS NQ rev (3m)N/A
EPS NY rev (1m)-6.09%
EPS NY rev (3m)-14.76%
Revenue NQ rev (1m)1.3%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.26%
Revenue NY rev (3m)-0.12%
Valuation
Industry RankSector Rank
PE 90.62
Fwd PE 18.48
P/S 0.33
P/FCF 12.03
P/OCF 7.07
P/B 0.93
P/tB 1.11
EV/EBITDA 14.17
EPS(TTM)0.45
EY1.1%
EPS(NY)2.21
Fwd EY5.41%
FCF(TTM)3.39
FCFY8.31%
OCF(TTM)5.77
OCFY14.14%
SpS125.01
BVpS43.66
TBVpS36.76
PEG (NY)0.23
PEG (5Y)N/A
Graham Number21.025 (-48.44%)
Profitability
Industry RankSector Rank
ROA -0.48%
ROE -0.94%
ROCE 0.35%
ROIC 0.26%
ROICexc 0.28%
ROICexgc 0.32%
OM 0.17%
PM (TTM) N/A
GM 3.73%
FCFM 2.71%
ROA(3y)2.69%
ROA(5y)6.89%
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-74.39%
ROICexgc growth 5Y-46.67%
ROICexc growth 3Y-74.43%
ROICexc growth 5Y-46.01%
OM growth 3Y-71.08%
OM growth 5Y-45.75%
PM growth 3Y-73.17%
PM growth 5Y-50.19%
GM growth 3Y-27.02%
GM growth 5Y-11.39%
F-Score4
Asset Turnover1.47
Health
Industry RankSector Rank
Debt/Equity 0.36
Debt/FCF 5.25
Debt/EBITDA 4.13
Cap/Depr 67.18%
Cap/Sales 1.9%
Interest Coverage 0.3
Cash Conversion 153.46%
Profit Quality N/A
Current Ratio 1.8
Quick Ratio 0.57
Altman-Z 2.96
F-Score4
WACC9.48%
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 Y391.15%
EPS Next 2Y204.13%
EPS Next 3Y127.37%
EPS Next 5Y59.64%
Revenue 1Y (TTM)-2.8%
Revenue growth 3Y-9.33%
Revenue growth 5Y10.9%
Sales Q2Q%-7.68%
Revenue Next Year7.08%
Revenue Next 2Y7.35%
Revenue Next 3Y7.14%
Revenue Next 5Y6.21%
EBIT growth 1Y-87.6%
EBIT growth 3Y-73.77%
EBIT growth 5Y-39.84%
EBIT Next Year501.11%
EBIT Next 3Y109.2%
EBIT Next 5Y55.14%
FCF growth 1Y117.54%
FCF growth 3Y-10.51%
FCF growth 5Y5.03%
OCF growth 1Y50.71%
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 3 / 10 to APAM.AS.


What is the valuation status of APERAM (APAM.AS) stock?

ChartMill assigns a valuation rating of 4 / 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 2 / 10.


What is the earnings growth outlook for APERAM?

The Earnings per Share (EPS) of APERAM (APAM.AS) is expected to grow by 391.15% 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 -483.33%.