Aperam S.A., through its subsidiaries, produces and sells stainless and specialty steel products worldwide. More Details
Flawless balance sheet and undervalued.
Share Price & News
How has Aperam's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: APAM has not had significant price volatility in the past 3 months.
7 Day Return
NL Metals and Mining
1 Year Return
NL Metals and Mining
Return vs Industry: APAM underperformed the Dutch Metals and Mining industry which returned 11.1% over the past year.
Return vs Market: APAM exceeded the Dutch Market which returned -7.3% over the past year.
Price Volatility Vs. Market
How volatile is Aperam's share price compared to the market and industry in the last 5 years?
Simply Wall St News
5 days ago | Simply Wall StWe Wouldn't Rely On Aperam's (AMS:APAM) Statutory Earnings As A Guide
2 weeks ago | Simply Wall StHow Many Aperam S.A. (AMS:APAM) Shares Do Institutions Own?
1 month ago | Simply Wall StIs Aperam (AMS:APAM) A Risky Investment?
Is Aperam undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: APAM (€25.23) is trading below our estimate of fair value (€51.79)
Significantly Below Fair Value: APAM is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: APAM is poor value based on its PE Ratio (17.4x) compared to the XE Metals and Mining industry average (12.8x).
PE vs Market: APAM is good value based on its PE Ratio (17.4x) compared to the Dutch market (22x).
Price to Earnings Growth Ratio
PEG Ratio: APAM is good value based on its PEG Ratio (0.6x)
Price to Book Ratio
PB vs Industry: APAM is good value based on its PB Ratio (1x) compared to the XE Metals and Mining industry average (1.3x).
How is Aperam forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: APAM's forecast earnings growth (26.9% per year) is above the savings rate (0.4%).
Earnings vs Market: APAM's earnings (26.9% per year) are forecast to grow faster than the Dutch market (26.3% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: APAM's revenue (7.7% per year) is forecast to grow slower than the Dutch market (9.2% per year).
High Growth Revenue: APAM's revenue (7.7% 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 (9.1%).
How has Aperam performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: APAM has a large one-off gain of €39.0M impacting its June 30 2020 financial results.
Growing Profit Margin: APAM's current net profit margins (3%) are lower than last year (4.5%).
Past Earnings Growth Analysis
Earnings Trend: APAM's earnings have grown by 3.2% per year over the past 5 years.
Accelerating Growth: APAM's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: APAM had negative earnings growth (-42.8%) over the past year, making it difficult to compare to the Metals and Mining industry average (-21.3%).
Return on Equity
High ROE: APAM's Return on Equity (5.5%) is considered low.
How is Aperam's financial position?
Financial Position Analysis
Short Term Liabilities: APAM's short term assets (€1.6B) exceed its short term liabilities (€973.0M).
Long Term Liabilities: APAM's short term assets (€1.6B) exceed its long term liabilities (€678.0M).
Debt to Equity History and Analysis
Debt Level: APAM's debt to equity ratio (16.3%) is considered satisfactory.
Reducing Debt: APAM's debt to equity ratio has reduced from 21.4% to 16.3% over the past 5 years.
Debt Coverage: APAM's debt is well covered by operating cash flow (102.6%).
Interest Coverage: APAM's interest payments on its debt are well covered by EBIT (12.6x coverage).
What is Aperam current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: APAM's dividend (6.94%) is higher than the bottom 25% of dividend payers in the Dutch market (2.07%).
High Dividend: APAM's dividend (6.94%) is in the top 25% of dividend payers in the Dutch market (5.85%)
Stability and Growth of Payments
Stable Dividend: APAM has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: APAM's dividend payments have increased, but the company has only paid a dividend for 9 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (120.4%), APAM's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: APAM's dividends in 3 years are forecast to be covered by earnings (72.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Tim Di Maulo (61 yo)
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 ...
|Chief Executive Officer||5.75yrs||no data||no data|
|Chief Financial Officer||0.42yr||no data||no data|
|Chief Technology Officer||0.50yr||no data||no data|
|Head of Investor Relations||no data||no data||no data|
|Head of Sustainability||5.5yrs||no data||no data|
|Chief Strategy Officer||9.5yrs||no data||no data|
|Head of Finance & Secretary to the Leadership Team||no data||no data||no data|
|CEO of Alloys & Specialties and Global Head of Health||4yrs||no data||no data|
|CEO and Chief Marketing Officer of Stainless & Electrical Steel South America||5.83yrs||no data||no data|
|Chief Executive Officer of Stainless & Electrical Steel Europe||4yrs||no data||no data|
|CEO of Services & Solutions and Chief Marketing Officer for Stainless & Electrical Steel Europe||5.92yrs||no data||no data|
|Company Secretary||no data||no data||no data|
Experienced Management: APAM's management team is seasoned and experienced (5.5 years average tenure).
|Chairman||no data||€70.00k||0.014% |
|Non-Independent Director||9.83yrs||€70.00k||no data|
|Independent Director||7.42yrs||€82.50k||no data|
|Non-Independent Director||5.42yrs||€70.00k||no data|
|Independent Director||0.75yr||no data||no data|
|Independent Director||0.75yr||no data||no data|
|Independent Director||1.42yrs||€53.89k||no data|
Experienced Board: APAM's board of directors are considered experienced (3.4 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Aperam S.A.'s company bio, employee growth, exchange listings and data sources
- Name: Aperam S.A.
- Ticker: APAM
- Exchange: ENXTAM
- Founded: 2010
- Industry: Steel
- Sector: Materials
- Market Cap: €2.018b
- Shares outstanding: 80.00m
- Website: https://www.aperam.com
Number of Employees
- Aperam S.A.
- 12C, rue Guillaume Kroll
- Luxembourg City
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|APEM.Y||OTCPK (Pink Sheets LLC)||NY REGISTR SHS||US||USD||Jan 2011|
|APAML||BDL (Bourse de Luxembourg)||Yes||Ordinary Shares||LU||EUR||Jan 2011|
|APAM||ENXTAM (Euronext Amsterdam)||Yes||Ordinary Shares||NL||EUR||Jan 2011|
|APAM||BME (Bolsas y Mercados Espanoles)||Yes||Ordinary Shares||ES||EUR||Jan 2011|
|0OLF||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||EUR||Jan 2011|
|APMS.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Jan 2011|
|APAMA||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||EUR||Jan 2011|
|7AA||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Jan 2011|
|APAM||WBAG (Wiener Boerse AG)||Yes||Ordinary Shares||AT||EUR||Jan 2011|
|APAM N||BMV (Bolsa Mexicana de Valores)||Yes||Ordinary Shares||MX||MXN||Jan 2011|
|APAME||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||EUR||Jan 2011|
Aperam S.A., through its subsidiaries, produces and sells stainless and specialty steel products worldwide. The company operates through three segments: Stainless & Electrical Steel; Services & Solutions; ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/10/19 22:00|
|End of Day Share Price||2020/10/19 00:00|
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.