APOLLO COMMERCIAL REAL ESTAT (ARI) Fundamental Analysis & Valuation

NYSE:ARI • US03762U1051

Current stock price

10.73 USD
+0.25 (+2.39%)
Last:

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

5

1. ARI Profitability Analysis

1.1 Basic Checks

  • In the past year ARI was profitable.
  • In the past year ARI had a positive cash flow from operations.
  • ARI had positive earnings in 4 of the past 5 years.
  • In the past 5 years ARI always reported a positive cash flow from operatings.
ARI Yearly Net Income VS EBIT VS OCF VS FCFARI 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 0 100M -100M 200M

1.2 Ratios

  • ARI has a Return On Assets of 1.13%. This is in the better half of the industry: ARI outperforms 72.06% of its industry peers.
  • With a Return On Equity value of 6.03%, ARI perfoms like the industry average, outperforming 58.82% of the companies in the same industry.
  • ARI has a Return On Invested Capital of 0.99%. This is in the better half of the industry: ARI outperforms 66.18% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for ARI is in line with the industry average of 1.30%.
Industry RankSector Rank
ROA 1.13%
ROE 6.03%
ROIC 0.99%
ROA(3y)-0.01%
ROA(5y)1.01%
ROE(3y)0.23%
ROE(5y)4.05%
ROIC(3y)1.47%
ROIC(5y)1.71%
ARI Yearly ROA, ROE, ROICARI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 -5 10

1.3 Margins

  • Looking at the Profit Margin, with a value of 15.30%, ARI is in the better half of the industry, outperforming 60.29% of the companies in the same industry.
  • ARI's Profit Margin has improved in the last couple of years.
  • ARI has a Operating Margin (15.53%) which is comparable to the rest of the industry.
  • In the last couple of years the Operating Margin of ARI has declined.
  • With a Gross Margin value of 37.12%, ARI perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
  • ARI's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 15.53%
PM (TTM) 15.3%
GM 37.12%
OM growth 3Y-21.24%
OM growth 5Y-20.73%
PM growth 3Y-29.33%
PM growth 5Y115.72%
GM growth 3Y-11.13%
GM growth 5Y-10.65%
ARI Yearly Profit, Operating, Gross MarginsARI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 40 60

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

2

2. ARI Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), ARI is destroying value.
  • The number of shares outstanding for ARI has been increased compared to 1 year ago.
  • Compared to 5 years ago, ARI has less shares outstanding
  • The debt/assets ratio for ARI is higher compared to a year ago.
ARI Yearly Shares OutstandingARI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M
ARI Yearly Total Debt VS Total AssetsARI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B

2.2 Solvency

  • Based on the Altman-Z score of 0.03, we must say that ARI is in the distress zone and has some risk of bankruptcy.
  • ARI has a Altman-Z score of 0.03. This is in the better half of the industry: ARI outperforms 70.59% of its industry peers.
  • ARI has a debt to FCF ratio of 187.14. This is a negative value and a sign of low solvency as ARI would need 187.14 years to pay back of all of its debts.
  • ARI has a Debt to FCF ratio of 187.14. This is in the lower half of the industry: ARI underperforms 70.59% of its industry peers.
  • ARI has a Debt/Equity ratio of 3.89. This is a high value indicating a heavy dependency on external financing.
  • ARI has a better Debt to Equity ratio (3.89) than 66.18% of its industry peers.
Industry RankSector Rank
Debt/Equity 3.89
Debt/FCF 187.14
Altman-Z 0.03
ROIC/WACC0.16
WACC6.26%
ARI Yearly LT Debt VS Equity VS FCFARI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B

2.3 Liquidity

  • ARI has a Current Ratio of 0.26. This is a bad value and indicates that ARI is not financially healthy enough and could expect problems in meeting its short term obligations.
  • ARI has a better Current ratio (0.26) than 72.06% of its industry peers.
  • ARI has a Quick Ratio of 0.26. This is a bad value and indicates that ARI is not financially healthy enough and could expect problems in meeting its short term obligations.
  • ARI's Quick ratio of 0.26 is fine compared to the rest of the industry. ARI outperforms 72.06% of its industry peers.
Industry RankSector Rank
Current Ratio 0.26
Quick Ratio 0.26
ARI Yearly Current Assets VS Current LiabilitesARI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B 2.5B

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. ARI Growth Analysis

3.1 Past

  • The earnings per share for ARI have decreased strongly by -20.30% in the last year.
  • Measured over the past years, ARI shows a very strong growth in Earnings Per Share. The EPS has been growing by 28.72% on average per year.
  • The Revenue has decreased by -9.40% in the past year.
  • The Revenue has been growing by 11.34% on average over the past years. This is quite good.
EPS 1Y (TTM)-20.3%
EPS 3Y-8.42%
EPS 5Y28.72%
EPS Q2Q%-18.75%
Revenue 1Y (TTM)-9.4%
Revenue growth 3Y8.42%
Revenue growth 5Y11.34%
Sales Q2Q%1.38%

3.2 Future

  • ARI is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 3.07% yearly.
  • Based on estimates for the next years, ARI will show a small growth in Revenue. The Revenue will grow by 0.28% on average per year.
EPS Next Y-26.95%
EPS Next 2Y3.07%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year17.83%
Revenue Next 2Y0.28%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less 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.
ARI Yearly Revenue VS EstimatesARI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 200M 400M 600M 800M
ARI Yearly EPS VS EstimatesARI Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0.5 1 1.5

More info and screens

Find the best growth stocksShow best growing peers

4

4. ARI Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 10.12 indicates a reasonable valuation of ARI.
  • Compared to the rest of the industry, the Price/Earnings ratio of ARI indicates a somewhat cheap valuation: ARI is cheaper than 67.65% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 26.21, ARI is valued rather cheaply.
  • The Price/Forward Earnings ratio is 13.86, which indicates a correct valuation of ARI.
  • The rest of the industry has a similar Price/Forward Earnings ratio as ARI.
  • ARI is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 23.10, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 10.12
Fwd PE 13.86
ARI Price Earnings VS Forward Price EarningsARI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

  • 70.59% of the companies in the same industry are more expensive than ARI, based on the Enterprise Value to EBITDA ratio.
  • ARI's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 35.4
EV/EBITDA 74.05
ARI Per share dataARI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8 10

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)0.35
EPS Next 2Y3.07%
EPS Next 3YN/A

More info and screens

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

4

5. ARI Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 9.59%, ARI is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 13.66, ARI's dividend is way lower than its industry peers. On top of this 89.71% of the companies listed in the same industry pay a better dividend than ARI!
  • Compared to an average S&P500 Dividend Yield of 1.89, ARI pays a better dividend.
Industry RankSector Rank
Dividend Yield 9.59%

5.2 History

  • The dividend of ARI decreases each year by -8.38%.
  • ARI has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-8.38%
Div Incr Years0
Div Non Decr Years0
ARI Yearly Dividends per shareARI Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5

5.3 Sustainability

  • ARI pays out 137.20% of its income as dividend. This is not a sustainable payout ratio.
DP137.2%
EPS Next 2Y3.07%
EPS Next 3YN/A
ARI Yearly Income VS Free CF VS DividendARI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M -100M 200M
ARI Dividend Payout.ARI Dividend Payout, showing the Payout Ratio.ARI Dividend Payout.PayoutRetained Earnings

More info and screens

Find the best dividend stocksShow peers with best dividend

ARI Fundamentals: All Metrics, Ratios and Statistics

APOLLO COMMERCIAL REAL ESTAT

NYSE:ARI (4/8/2026, 12:38:50 PM)

10.73

+0.25 (+2.39%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Earnings (Last)02-10
Earnings (Next)04-29
Inst Owners69.64%
Inst Owner Change0%
Ins Owners0.61%
Ins Owner Change7.27%
Market Cap1.50B
Revenue(TTM)731.68M
Net Income(TTM)111.91M
Analysts82.22
Price Target11.73 (9.32%)
Short Float %3.68%
Short Ratio3.5
Dividend
Industry RankSector Rank
Dividend Yield 9.59%
Yearly Dividend1.11
Dividend Growth(5Y)-8.38%
DP137.2%
Div Incr Years0
Div Non Decr Years0
Ex-Date03-31
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)22.59%
Min EPS beat(2)6.37%
Max EPS beat(2)38.8%
EPS beat(4)4
Avg EPS beat(4)15.48%
Min EPS beat(4)4.64%
Max EPS beat(4)38.8%
EPS beat(8)8
Avg EPS beat(8)18.61%
EPS beat(12)11
Avg EPS beat(12)3.76%
EPS beat(16)14
Avg EPS beat(16)3.22%
Revenue beat(2)0
Avg Revenue beat(2)-12.54%
Min Revenue beat(2)-16.96%
Max Revenue beat(2)-8.12%
Revenue beat(4)0
Avg Revenue beat(4)-13.75%
Min Revenue beat(4)-20.78%
Max Revenue beat(4)-8.12%
Revenue beat(8)0
Avg Revenue beat(8)-10.85%
Revenue beat(12)0
Avg Revenue beat(12)-10.22%
Revenue beat(16)4
Avg Revenue beat(16)17.84%
PT rev (1m)3.6%
PT rev (3m)9%
EPS NQ rev (1m)29.76%
EPS NQ rev (3m)29.76%
EPS NY rev (1m)0%
EPS NY rev (3m)-18.22%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.15%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.79%
Valuation
Industry RankSector Rank
PE 10.12
Fwd PE 13.86
P/S 2.05
P/FCF 35.4
P/OCF 10.51
P/B 0.81
P/tB 0.81
EV/EBITDA 74.05
EPS(TTM)1.06
EY9.88%
EPS(NY)0.77
Fwd EY7.22%
FCF(TTM)0.3
FCFY2.82%
OCF(TTM)1.02
OCFY9.51%
SpS5.24
BVpS13.3
TBVpS13.3
PEG (NY)N/A
PEG (5Y)0.35
Graham Number17.81
Profitability
Industry RankSector Rank
ROA 1.13%
ROE 6.03%
ROCE 1.25%
ROIC 0.99%
ROICexc 1%
ROICexgc 1.01%
OM 15.53%
PM (TTM) 15.3%
GM 37.12%
FCFM 5.78%
ROA(3y)-0.01%
ROA(5y)1.01%
ROE(3y)0.23%
ROE(5y)4.05%
ROIC(3y)1.47%
ROIC(5y)1.71%
ROICexc(3y)1.51%
ROICexc(5y)1.78%
ROICexgc(3y)1.53%
ROICexgc(5y)1.79%
ROCE(3y)1.86%
ROCE(5y)2.17%
ROICexgc growth 3Y-15.88%
ROICexgc growth 5Y-25.18%
ROICexc growth 3Y-15.6%
ROICexc growth 5Y-25.13%
OM growth 3Y-21.24%
OM growth 5Y-20.73%
PM growth 3Y-29.33%
PM growth 5Y115.72%
GM growth 3Y-11.13%
GM growth 5Y-10.65%
F-Score4
Asset Turnover0.07
Health
Industry RankSector Rank
Debt/Equity 3.89
Debt/FCF 187.14
Debt/EBITDA 57.83
Cap/Depr 896.89%
Cap/Sales 13.7%
Interest Coverage 0.25
Cash Conversion 114.2%
Profit Quality 37.81%
Current Ratio 0.26
Quick Ratio 0.26
Altman-Z 0.03
F-Score4
WACC6.26%
ROIC/WACC0.16
Cap/Depr(3y)1076.74%
Cap/Depr(5y)1585.55%
Cap/Sales(3y)14.55%
Cap/Sales(5y)9.89%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-20.3%
EPS 3Y-8.42%
EPS 5Y28.72%
EPS Q2Q%-18.75%
EPS Next Y-26.95%
EPS Next 2Y3.07%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-9.4%
Revenue growth 3Y8.42%
Revenue growth 5Y11.34%
Sales Q2Q%1.38%
Revenue Next Year17.83%
Revenue Next 2Y0.28%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-21.39%
EBIT growth 3Y-14.61%
EBIT growth 5Y-11.73%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y35.06%
FCF growth 3Y-43.04%
FCF growth 5Y-23.74%
OCF growth 1Y-29.04%
OCF growth 3Y-18.37%
OCF growth 5Y-2.78%

APOLLO COMMERCIAL REAL ESTAT / ARI Fundamental Analysis FAQ

What is the fundamental rating for ARI stock?

ChartMill assigns a fundamental rating of 4 / 10 to ARI.


What is the valuation status for ARI stock?

ChartMill assigns a valuation rating of 4 / 10 to APOLLO COMMERCIAL REAL ESTAT (ARI). This can be considered as Fairly Valued.


Can you provide the profitability details for APOLLO COMMERCIAL REAL ESTAT?

APOLLO COMMERCIAL REAL ESTAT (ARI) has a profitability rating of 5 / 10.


What is the financial health of APOLLO COMMERCIAL REAL ESTAT (ARI) stock?

The financial health rating of APOLLO COMMERCIAL REAL ESTAT (ARI) is 2 / 10.


Can you provide the dividend sustainability for ARI stock?

The dividend rating of APOLLO COMMERCIAL REAL ESTAT (ARI) is 4 / 10 and the dividend payout ratio is 137.2%.