APAM

AperamENXTAM:APAM Stock Report

Market Cap

€4.1b

7D

0.2%

1Y

103.8%

Updated

18 Sep, 2021

Data

Company Financials +
APAM fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance4/6
Financial Health6/6
Dividends4/6

APAM Overview

Aperam S.A., through its subsidiaries, engages in the production and sale of stainless and specialty steel products worldwide.

Aperam Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Aperam
Historical stock prices
Current Share Price€50.96
52 Week High€22.67
52 Week Low€54.68
Beta1.96
1 Month Change0.87%
3 Month Change19.46%
1 Year Change103.76%
3 Year Change28.56%
5 Year Change27.08%
Change since IPO71.35%

Recent News & Updates

Aug 30
Aperam (AMS:APAM) Seems To Use Debt Rather Sparingly

Aperam (AMS:APAM) Seems To Use Debt Rather Sparingly

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Jun 24
Slowing Rates Of Return At Aperam (AMS:APAM) Leave Little Room For Excitement

Slowing Rates Of Return At Aperam (AMS:APAM) Leave Little Room For Excitement

What trends should we look for it we want to identify stocks that can multiply in value over the long term? Amongst...

Shareholder Returns

APAMNL Metals and MiningNL Market
7D0.2%-5.4%-0.9%
1Y103.8%26.5%37.7%

Return vs Industry: APAM exceeded the Dutch Metals and Mining industry which returned 26.5% over the past year.

Return vs Market: APAM exceeded the Dutch Market which returned 37.7% over the past year.

Price Volatility

Is APAM's price volatile compared to industry and market?
APAM volatility
APAM Beta1.96
Industry Beta1.05
Market Beta1

Stable Share Price: APAM is not significantly more volatile than the rest of Dutch stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: APAM's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20109,400Tim Di Maulohttps://www.aperam.com

Aperam S.A., through its subsidiaries, engages in the production and sale of stainless and specialty steel products worldwide. It operates through three segments: Stainless & Electrical Steel; Services & Solutions; and Alloys & Specialties. The company offers range of stainless steel products, including grain oriented, non-grain oriented, and non-grain oriented semi-processed steel products.

Aperam Fundamentals Summary

How do Aperam's earnings and revenue compare to its market cap?
APAM fundamental statistics
Market Cap€4.07b
Earnings (TTM)€454.00m
Revenue (TTM)€4.21b

9.0x

P/E Ratio

1.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
APAM income statement (TTM)
Revenue€4.21b
Cost of Revenue€3.50b
Gross Profit€710.00m
Expenses€256.00m
Earnings€454.00m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Nov 15, 2021

Earnings per share (EPS)5.68
Gross Margin16.88%
Net Profit Margin10.79%
Debt/Equity Ratio14.9%

How did APAM perform over the long term?

See historical performance and comparison

Dividends

3.4%

Current Dividend Yield

31%

Payout Ratio

Does APAM pay a reliable dividends?

See APAM dividend history and benchmarks
When do you need to buy APAM by to receive an upcoming dividend?
Aperam dividend dates
Ex Dividend DateNov 12 2021
Dividend Pay DateDec 09 2021
Days until Ex dividend54 days
Days until Dividend pay date81 days

Does APAM pay a reliable dividends?

See APAM dividend history and benchmarks

Valuation

Is Aperam undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: APAM (€50.96) is trading below our estimate of fair value (€119.36)

Significantly Below Fair Value: APAM is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: APAM is good value based on its PE Ratio (9x) compared to the European Metals and Mining industry average (9.9x).

PE vs Market: APAM is good value based on its PE Ratio (9x) compared to the Dutch market (22.2x).


Price to Earnings Growth Ratio

PEG Ratio: APAM's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: APAM is good value based on its PB Ratio (1.7x) compared to the XE Metals and Mining industry average (1.8x).


Future Growth

How is Aperam forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?

-15.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: APAM's earnings are forecast to decline over the next 3 years (-15.2% per year).

Earnings vs Market: APAM's earnings are forecast to decline over the next 3 years (-15.2% per year).

High Growth Earnings: APAM's earnings are forecast to decline over the next 3 years.

Revenue vs Market: APAM's revenue (1.7% per year) is forecast to grow slower than the Dutch market (9.1% per year).

High Growth Revenue: APAM's revenue (1.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: APAM's Return on Equity is forecast to be low in 3 years time (14.4%).


Past Performance

How has Aperam performed over the past 5 years?

-0.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: APAM has high quality earnings.

Growing Profit Margin: APAM's current net profit margins (10.8%) are higher than last year (3%).


Past Earnings Growth Analysis

Earnings Trend: APAM's earnings have declined by 0.2% per year over the past 5 years.

Accelerating Growth: APAM's earnings growth over the past year (291.4%) exceeds its 5-year average (-0.2% per year).

Earnings vs Industry: APAM earnings growth over the past year (291.4%) exceeded the Metals and Mining industry 82.9%.


Return on Equity

High ROE: APAM's Return on Equity (18.6%) is considered low.


Financial Health

How is Aperam's financial position?


Financial Position Analysis

Short Term Liabilities: APAM's short term assets (€2.3B) exceed its short term liabilities (€1.3B).

Long Term Liabilities: APAM's short term assets (€2.3B) exceed its long term liabilities (€692.0M).


Debt to Equity History and Analysis

Debt Level: APAM's debt to equity ratio (14.9%) is considered satisfactory.

Reducing Debt: APAM's debt to equity ratio has reduced from 19% to 14.9% over the past 5 years.

Debt Coverage: APAM's debt is well covered by operating cash flow (110.7%).

Interest Coverage: APAM's interest payments on its debt are well covered by EBIT (75.6x coverage).


Balance Sheet


Dividend

What is Aperam current dividend yield, its reliability and sustainability?

3.43%

Current Dividend Yield


Upcoming Dividend Payment

TodaySep 18 2021Ex Dividend DateNov 12 2021Dividend Pay DateDec 09 202127 days from Ex DividendBuy in the next 54 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: APAM's dividend (3.43%) is higher than the bottom 25% of dividend payers in the Dutch market (1.38%).

High Dividend: APAM's dividend (3.43%) is low compared to the top 25% of dividend payers in the Dutch market (4.54%).


Stability and Growth of Payments

Stable Dividend: APAM's dividend payments have been volatile in the past 10 years.

Growing Dividend: APAM's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (30.8%), APAM's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: APAM's dividends in 3 years are forecast to be well covered by earnings (41.7% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.4yrs

Average management tenure


CEO

Tim Di Maulo (62 yo)

6.67yrs

Tenure

Mr. Timoteo Di Maulo, also known as Tim, has been the Chief Executive Officer at Aperam S.A. since January 1, 2015 and serves as its Member of The Leadership Team. Mr. Di Maulo has over twenty-five years o...


Leadership Team

Experienced Management: APAM's management team is seasoned and experienced (6.4 years average tenure).


Board Members

Experienced Board: APAM's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Aperam S.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: Aperam S.A.
  • Ticker: APAM
  • Exchange: ENXTAM
  • Founded: 2010
  • Industry: Steel
  • Sector: Materials
  • Market Cap: €4.070b
  • Shares outstanding: 79.86m
  • Website: https://www.aperam.com

Number of Employees


Location

  • Aperam S.A.
  • 12C, rue Guillaume Kroll
  • Luxembourg City
  • 1882
  • Luxembourg

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/18 17:48
End of Day Share Price2021/09/17 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.