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AP Alternative Portfolio

BRSE:APN
Snowflake Description

Flawless balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
APN
BRSE
CHF97M
Market Cap
  1. Home
  2. CH
  3. Diversified Financials
Company description

AP Alternative Portfolio AG invests in private equity funds and hedge funds. The last earnings update was 264 days ago. More info.


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APN Share Price and Events
7 Day Returns
0%
BRSE:APN
0.3%
CH Capital Markets
2.1%
CH Market
1 Year Returns
-12.8%
BRSE:APN
-26.4%
CH Capital Markets
1.3%
CH Market
APN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
AP Alternative Portfolio (APN) 0% -4.7% -8.6% -12.8% - -
CH Capital Markets 0.3% -10.1% -0.8% -26.4% -12.4% -37.4%
CH Market 2.1% 0.1% 1.5% 1.3% 12.3% 9.3%
1 Year Return vs Industry and Market
  • APN outperformed the Capital Markets industry which returned -26.4% over the past year.
  • APN underperformed the Market in Switzerland which returned 1.3% over the past year.
Price Volatility
APN
Industry
5yr Volatility vs Market

APN Value

 Is AP Alternative Portfolio undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of AP Alternative Portfolio to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for AP Alternative Portfolio.

BRSE:APN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $299.66 * 5.7%
$17.03
Book Value of Equity per Share Median Book Value from the past 5 years. $299.66
Discount Rate (Cost of Equity) See below 8%
Perpetual Growth Rate 10-Year CH Government Bond Rate 3.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BRSE:APN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CH Govt Bond Rate 3.3%
Equity Risk Premium S&P Global 6%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.7
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.701 (1 + (1- 18%) (0%))
0.8
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 3.28% + (0.8 * 5.96%)
8.04%

Discounted Cash Flow Calculation for BRSE:APN using Excess Returns Model Model

The calculations below outline how an intrinsic value for AP Alternative Portfolio is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

BRSE:APN Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (5.7% – 8.04%) * $299.66)
$-7.07
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-7.07 / (8.04% - 3.28%)
$-148.32
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $299.66 + $-148.32
$151.34
BRSE:APN Discount to Share Price
Calculation Result
Exchange Rate USD/CHF
(Reporting currency to currency of BRSE:APN)
1.009
Value per Share
(CHF)
= Value per Share in USD x Exchange Rate (USD/CHF)
= $151.34 x 1.009
CHF152.73
Value per share (CHF) From above. CHF152.73
Current discount Discount to share price of CHF193.50
= -1 x (CHF193.50 - CHF152.73) / CHF152.73
-26.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of AP Alternative Portfolio is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for AP Alternative Portfolio's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are AP Alternative Portfolio's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BRSE:APN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-03-31) in USD $19.22
BRSE:APN Share Price ** BRSE (2019-05-15) in CHF CHF193.5
BRSE:APN Share Price converted to USD reporting currency Exchange rate (CHF/ USD) 0.991 $191.74
Switzerland Capital Markets Industry PE Ratio Median Figure of 13 Publicly-Listed Capital Markets Companies 14.1x
Switzerland Market PE Ratio Median Figure of 175 Publicly-Listed Companies 17.87x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of AP Alternative Portfolio.

BRSE:APN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BRSE:APN Share Price ÷ EPS (both in USD)

= 191.74 ÷ 19.22

9.98x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • AP Alternative Portfolio is good value based on earnings compared to the CH Capital Markets industry average.
  • AP Alternative Portfolio is good value based on earnings compared to the Switzerland market.
Price based on expected Growth
Does AP Alternative Portfolio's expected growth come at a high price?
Raw Data
BRSE:APN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.98x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Switzerland Capital Markets Industry PEG Ratio Median Figure of 9 Publicly-Listed Capital Markets Companies 1.31x
Switzerland Market PEG Ratio Median Figure of 124 Publicly-Listed Companies 2.24x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for AP Alternative Portfolio, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on AP Alternative Portfolio's assets?
Raw Data
BRSE:APN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-03-31) in USD $257.57
BRSE:APN Share Price * BRSE (2019-05-15) in CHF CHF193.5
BRSE:APN Share Price converted to USD reporting currency Exchange rate (CHF/ USD) 0.991 $191.74
Switzerland Capital Markets Industry PB Ratio Median Figure of 16 Publicly-Listed Capital Markets Companies 0.99x
Switzerland Market PB Ratio Median Figure of 212 Publicly-Listed Companies 1.62x
BRSE:APN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BRSE:APN Share Price ÷ Book Value per Share (both in USD)

= 191.74 ÷ 257.57

0.74x

* Primary Listing of AP Alternative Portfolio.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • AP Alternative Portfolio is good value based on assets compared to the CH Capital Markets industry average.
X
Value checks
We assess AP Alternative Portfolio's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. AP Alternative Portfolio has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

APN Future Performance

 How is AP Alternative Portfolio expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as AP Alternative Portfolio has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
12.7%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is AP Alternative Portfolio expected to grow at an attractive rate?
  • Unable to compare AP Alternative Portfolio's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare AP Alternative Portfolio's earnings growth to the Switzerland market average as no estimate data is available.
  • Unable to compare AP Alternative Portfolio's revenue growth to the Switzerland market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BRSE:APN Future Growth Rates Data Sources
Data Point Source Value (per year)
Switzerland Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 12.7%
Switzerland Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 3.7%
Switzerland Market Earnings Growth Rate Market Cap Weighted Average 10.9%
Switzerland Market Revenue Growth Rate Market Cap Weighted Average 3.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BRSE:APN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 year ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BRSE:APN Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-03-31 13 37 10
2017-12-31 13 41 10
2017-09-30 12 41 9
2017-06-30 11 42 9
2017-03-31 10 39 7
2016-12-31 9 37 6
2016-09-30 11 33 8
2016-06-30 12 28 9
2016-03-31 14 38 10
2015-12-31 15 47 12
2015-09-30 13 10
2015-06-30 11 8

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if AP Alternative Portfolio is high growth as no earnings estimate data is available.
  • Unable to determine if AP Alternative Portfolio is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BRSE:APN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 year ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from AP Alternative Portfolio Company Filings, last reported 1 year ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BRSE:APN Past Financials Data
Date (Data in USD Millions) EPS *
2018-03-31 19.22
2017-12-31 18.59
2017-09-30 16.88
2017-06-30 15.21
2017-03-31 13.75
2016-12-31 10.70
2016-09-30 13.16
2016-06-30 15.54
2016-03-31 17.30
2015-12-31 18.99
2015-09-30 15.52
2015-06-30 12.14

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if AP Alternative Portfolio will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether AP Alternative Portfolio is trading at AP Alternative Portfolio'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. AP Alternative Portfolio's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Diversified Financials companies here
  3. AP Alternative Portfolio's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
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Future performance checks
We assess AP Alternative Portfolio's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Switzerland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Switzerland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
AP Alternative Portfolio has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

APN Past Performance

  How has AP Alternative Portfolio performed over the past 5 years?

  • AP Alternative Portfolio's last earnings update was 264 days ago.
The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare AP Alternative Portfolio's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Insufficient data to establish if AP Alternative Portfolio's year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare AP Alternative Portfolio's 1-year earnings growth to the 5-year average due to insufficient past data.
  • AP Alternative Portfolio's earnings growth has exceeded the CH Capital Markets industry average in the past year (30.4% vs 13.1%).
Earnings and Revenue History
AP Alternative Portfolio's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from AP Alternative Portfolio Company Filings, last reported 1 year ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BRSE:APN Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-03-31 12.65 9.61 2.28
2017-12-31 13.14 10.34 2.35
2017-09-30 12.11 9.49 2.37
2017-06-30 11.07 8.64 2.39
2017-03-31 9.98 7.37 2.35
2016-12-31 8.89 6.10 2.31
2016-09-30 10.62 7.63 2.43
2016-06-30 12.35 9.16 2.55
2016-03-31 13.61 10.43 2.72
2015-12-31 14.87 11.70 2.89
2015-09-30 12.86 9.69 3.15
2015-06-30 10.84 7.67 3.41
2015-03-31 14.83 11.60 3.62
2014-12-31 18.82 15.53 3.82
2013-12-31 39.84 36.35 3.78
2012-12-31 24.68 20.31 3.93

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • AP Alternative Portfolio has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • AP Alternative Portfolio used its assets more efficiently than the CH Capital Markets industry average last year based on Return on Assets.
  • AP Alternative Portfolio has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess AP Alternative Portfolio's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
AP Alternative Portfolio has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

APN Health

 How is AP Alternative Portfolio's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up AP Alternative Portfolio's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • AP Alternative Portfolio is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • AP Alternative Portfolio has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of AP Alternative Portfolio's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • AP Alternative Portfolio has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from AP Alternative Portfolio Company Filings, last reported 1 year ago.

BRSE:APN Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-03-31 128.79 0.00 19.94
2017-12-31 137.21 0.00 12.95
2017-09-30 137.21 0.00 12.95
2017-06-30 160.62 0.00 28.18
2017-03-31 160.62 0.00 28.18
2016-12-31 166.92 0.00 13.01
2016-09-30 166.92 0.00 13.01
2016-06-30 187.25 0.00 21.87
2016-03-31 187.25 0.00 21.87
2015-12-31 200.90 0.00 16.96
2015-09-30 200.90 0.00 16.96
2015-06-30 223.94 0.00 40.03
2015-03-31 223.94 0.00 40.03
2014-12-31 232.43 0.00 14.05
2013-12-31 273.60 0.00 19.44
2012-12-31 269.51 0.00 3.30
  • AP Alternative Portfolio has no debt.
  • AP Alternative Portfolio has not taken on any debt in the past 5 years.
  • AP Alternative Portfolio has no debt, it does not need to be covered by operating cash flow.
  • AP Alternative Portfolio has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess AP Alternative Portfolio's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. AP Alternative Portfolio has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

APN Dividends

 What is AP Alternative Portfolio's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
30.61%
Current annual income from AP Alternative Portfolio dividends.
If you bought CHF2,000 of AP Alternative Portfolio shares you are expected to receive CHF612 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • AP Alternative Portfolio's pays a higher dividend yield than the bottom 25% of dividend payers in Switzerland (1.96%).
  • AP Alternative Portfolio's dividend is above the markets top 25% of dividend payers in Switzerland (3.74%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BRSE:APN Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Switzerland Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 4.3%
Switzerland Market Average Dividend Yield Market Cap Weighted Average of 166 Stocks 3.1%
Switzerland Minimum Threshold Dividend Yield 10th Percentile 1.3%
Switzerland Bottom 25% Dividend Yield 25th Percentile 2%
Switzerland Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BRSE:APN Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2018-06-26 58.692 28.800
2018-02-06 59.954 27.148

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • It is too early to tell whether AP Alternative Portfolio has stable dividend payments.
  • AP Alternative Portfolio only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of AP Alternative Portfolio's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.3x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess AP Alternative Portfolio's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can AP Alternative Portfolio afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. AP Alternative Portfolio has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

APN Management

 What is the CEO of AP Alternative Portfolio's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • AP Alternative Portfolio has no CEO, or we have no data on them.
Management Team
Board of Directors

Ulrich Niederer

TITLE
Chairman of the Board of Directors
AGE
71

Rolf Watter

TITLE
Vice-Chairman of the Board of Directors
AGE
60
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CHF) Value (CHF)
X
Management checks
We assess AP Alternative Portfolio's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. AP Alternative Portfolio has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

APN News

Simply Wall St News

What Type Of Shareholder Owns AP Alternative Portfolio AG's (BRN:APN)?

If you want to know who really controls AP Alternative Portfolio AG (BRN:APN), then you'll have to look at the makeup of its share registry. … With a market capitalization of CHF105m, AP Alternative Portfolio is a small cap stock, so it might not be well known by many institutional investors. … Taking a look at the our data on the ownership groups (below), it's seems that.

Simply Wall St -

Is AP Alternative Portfolio AG's (BRN:APN) P/E Ratio Really That Good?

We'll look at AP Alternative Portfolio AG's (BRN:APN) P/E ratio and reflect on what it tells us about the company's share price. … AP Alternative Portfolio has a price to earnings ratio of 10.68, based on the last twelve months. … Price to Earnings Ratio = Price per Share (in the reporting currency) ÷ Earnings per Share (EPS)

Simply Wall St -

Who Are The Top Investors In AP Alternative Portfolio AG (BRN:APN)?

In this article, I'm going to take a look at AP Alternative Portfolio AG’s (BRN:APN) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … When it comes to ownership structure of a company, the impact has been observed in both the long-and short-term performance of shares. … The effect of an active institutional investor with a similar ownership as a passive pension-fund can be vastly different on a company's corporate governance and accountability to shareholders.

Simply Wall St -

Has AP Alternative Portfolio AG's (BRN:APN) Earnings Momentum Changed Recently?

For investors with a long-term horizon, examining earnings trend over time and against industry peers is more insightful than looking at an earnings announcement in one point in time. … Investors may find my commentary, albeit very high-level and brief, on AP Alternative Portfolio AG (BRN:APN) useful as an attempt to give more color around how AP Alternative Portfolio is currently performing. … APN's trailing twelve-month earnings (from 30 June 2017) of US$8.64m has

Simply Wall St -

Who Really Owns AP Alternative Portfolio AG (BRN:APN)?

Today, I will be analyzing AP Alternative Portfolio AG’s (BRSE:APN) recent ownership structure, an important but not-so-popular subject among individual investors. … See our latest analysis for AP Alternative Portfolio BRSE:APN Ownership_summary Mar 29th 18 Institutional Ownership With an institutional ownership of 39.78%, APN can face volatile stock price movements if institutions execute block trades on the open market, more so, when there are relatively small amounts of shares available on the market to trade Although APN has a high institutional ownership, such stock moves, in the short-term, are more commonly linked to a particular type of active institutional investors – hedge funds. … Next Steps: The company's high institutional ownership makes margin of safety a very important consideration to existing investors since long bull and bear trends often emerge when these big-ticket investors see a change in long-term potential of the company.

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Interested In AP Alternative Portfolio AG (BRN:APN)? Here's How It Performed Recently

When AP Alternative Portfolio AG (BRSE:APN) announced its most recent earnings (30 June 2017), I did two things: looked at its past earnings track record, then look at what is happening in the industry. … Although revenue growth in the past few years, has been negative, earnings growth has been falling by even more, suggesting that AP Alternative Portfolio has been ramping up its expenses. … Scanning growth from a sector-level, the CH capital markets industry has been growing its average earnings by double-digit 17.56% in the past year, and a more muted 9.99% over the past five.

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APN Company Info

Description

AP Alternative Portfolio AG invests in private equity funds and hedge funds. The company was formerly known as UBS Alternative Portfolio AG and changed its name to AP Alternative Portfolio AG in August 2014. AP Alternative Portfolio AG was founded in 2000 and is based in Zurich, Switzerland.

Details
Name: AP Alternative Portfolio AG
APN
Exchange: BRSE
Founded: 2000
CHF96,750,000
500,000
Website: http://
Address: AP Alternative Portfolio AG
PO Box,
Zurich,
Zurich, 8098,
Switzerland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BRSE APN Registered Shares Berne Stock Exchange CH CHF 30. Sep 2014
Number of employees
Current staff
Staff numbers
0
AP Alternative Portfolio employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/22 21:26
End of day share price update: 2019/05/15 00:00
Last earnings filing: 2018/08/31
Last earnings reported: 2018/03/31
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.