APERAM (APAM.AS) Stock Fundamental Analysis
AMS:APAM - Euronext Amsterdam - LU0569974404 - Common Stock - Currency: EUR
We assign a fundamental rating of 5 out of 10 to APAM. APAM was compared to 40 industry peers in the Metals & Mining industry. APAM has an average financial health and profitability rating. APAM scores decently on growth, while it is valued quite cheap. This could make an interesting combination. 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.
APAM had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 3.96%, APAM is in the better half of the industry, outperforming 63.16% of the companies in the same industry.
With a decent Return On Equity value of 6.89%, APAM is doing good in the industry, outperforming 60.53% of the companies in the same industry.
APAM has a worse Return On Invested Capital (2.23%) than 60.53% of its industry peers.
The Average Return On Invested Capital over the past 3 years for APAM is in line with the industry average of 7.42%.
| 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's Profit Margin of 3.69% is in line compared to the rest of the industry. APAM outperforms 55.26% of its industry peers.
In the last couple of years the Profit Margin of APAM has remained more or less at the same level.
APAM's Operating Margin of 2.06% is on the low side compared to the rest of the industry. APAM is outperformed by 65.79% of its industry peers.
In the last couple of years the Operating Margin of APAM has declined.
APAM's Gross Margin of 7.18% is on the low side compared to the rest of the industry. APAM is outperformed by 78.95% of its industry peers.
In the last couple of years the Gross Margin of APAM has declined.
| 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
APAM has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for APAM remains at a similar level compared to 1 year ago.
Compared to 5 years ago, APAM has less shares outstanding
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.
Looking at the Altman-Z score, with a value of 2.58, APAM is in the better half of the industry, outperforming 65.79% of the companies in the same industry.
The Debt to FCF ratio of APAM is 6.67, which is on the high side as it means it would take APAM, 6.67 years of fcf income to pay off all of its debts.
APAM has a Debt to FCF ratio of 6.67. This is in the better half of the industry: APAM outperforms 60.53% of its industry peers.
APAM has a Debt/Equity ratio of 0.20. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.20, APAM is in line with its industry, outperforming 55.26% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.2 | ||
| Debt/FCF | 6.67 | ||
| Altman-Z | 2.58 |
ROIC/WACC0.27
WACC8.27%
2.3 Liquidity
APAM has a Current Ratio of 1.73. This is a normal value and indicates that APAM is financially healthy and should not expect problems in meeting its short term obligations.
APAM has a Current ratio (1.73) which is comparable to the rest of the industry.
APAM has a Quick Ratio of 1.73. This is a bad value and indicates that APAM is not financially healthy enough and could expect problems in meeting its short term obligations.
APAM has a Quick ratio of 0.43. This is amonst the worse of the industry: APAM underperforms 84.21% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.73 | ||
| Quick Ratio | 0.43 |
3. Growth
3.1 Past
APAM shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 394.25%, which is quite impressive.
Measured over the past years, APAM shows a quite strong growth in Earnings Per Share. The EPS has been growing by 13.01% on average per year.
APAM shows a decrease in Revenue. In the last year, the revenue decreased by -5.11%.
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
The Earnings Per Share is expected to grow by 13.75% on average over the next years. This is quite good.
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
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
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 cheaply with a Price/Earnings ratio of 7.84.
APAM's Price/Earnings ratio is rather cheap when compared to the industry. APAM is cheaper than 89.47% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.41. APAM is valued rather cheaply when compared to this.
With a Price/Forward Earnings ratio of 7.26, the valuation of APAM can be described as very cheap.
Compared to the rest of the industry, the Price/Forward Earnings ratio of APAM indicates a rather cheap valuation: APAM is cheaper than 86.84% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 35.19. APAM is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.84 | ||
| Fwd PE | 7.26 |
4.2 Price Multiples
APAM's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. APAM is cheaper than 60.53% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of APAM indicates a somewhat cheap valuation: APAM is cheaper than 76.32% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.67 | ||
| EV/EBITDA | 6.68 |
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)0.6
EPS Next 2Y9.37%
EPS Next 3Y13.75%
5. Dividend
5.1 Amount
APAM has a Yearly Dividend Yield of 6.20%, which is a nice return.
APAM's Dividend Yield is rather good when compared to the industry average which is at 3.08. APAM pays more dividend than 92.11% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.35, APAM pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.2% |
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.
The dividend of APAM is growing, but earnings are growing more, so the dividend growth is sustainable.
DP62.77%
EPS Next 2Y9.37%
EPS Next 3Y13.75%
AMS:APAM (7/11/2025, 7:00:00 PM)
27.52
+0.08 (+0.29%)
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 Cap2.01B
Analysts75.29
Price Target31.05 (12.83%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.2% |
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%
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 | 7.84 | ||
| Fwd PE | 7.26 | ||
| P/S | 0.32 | ||
| P/FCF | 17.67 | ||
| P/OCF | 7.19 | ||
| P/B | 0.6 | ||
| P/tB | 0.69 | ||
| EV/EBITDA | 6.68 |
EPS(TTM)3.51
EY12.75%
EPS(NY)3.79
Fwd EY13.78%
FCF(TTM)1.56
FCFY5.66%
OCF(TTM)3.83
OCFY13.9%
SpS85.47
BVpS45.83
TBVpS40
PEG (NY)N/A
PEG (5Y)0.6
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
WACC8.27%
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%