Apollo Global Management
Apollo Global Management, LLC is a publicly owned investment manager. The last earnings update was 18 days ago. More info.
Add to Portfolio Compare Print
- Apollo Global Management is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
APO Share Price and Events
7 Day Returns
1 Year Returns
APO Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Apollo Global Management (APO) | -2.6% | -1.5% | 9.5% | 1% | 92.8% | 28.6% |
| US Capital Markets | 1.3% | -1.7% | 1.2% | -11% | 44.4% | 64.9% |
| US Market | 0.2% | -1.6% | 2.4% | 2.9% | 36.1% | 41% |
1 Year Return vs Industry and Market
- APO outperformed the Capital Markets industry which returned -11% over the past year.
- APO underperformed the Market in United States of America which returned 2.9% over the past year.
Value
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
Apollo Global Management
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Apollo Global Management.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | Excess Returns Model | |
| Stable EPS |
Weighted future Return on Equity estimates from 4 analysts.
= Stable Book Value * Return on Equity = $4.14 * 98.2% |
$4.07 |
| Book Value of Equity per Share | Weighted future Book Value estimates from 4 analysts. | $4.14 |
| Discount Rate (Cost of Equity) | See below | 8% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| 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))
= 0.696 (1 + (1- 21%) (21.59%)) |
0.876 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.88 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.876 * 5.96%) |
7.95% |
Discounted Cash Flow Calculation for NYSE:APO using Excess Returns Model Model
The calculations below outline how an intrinsic value for Apollo Global Management 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.
| Calculation | Result | |
|---|---|---|
| Excess Returns |
= (Stable Return on equity – Cost of equity) (Book Value of
Equity per share)
= (98.2% – 7.95%) * $4.14) |
$3.74 |
| Terminal Value of Excess Returns |
= Excess Returns / (Cost of Equity -
Expected Growth Rate)
= $3.74 / (7.95% - 2.73%) |
$71.62 |
| Value of Equity |
= Book Value per share + Terminal Value of
Excess Returns
= $4.14 + $71.62 |
$75.76 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $75.76 |
| Current discount | Discount to share price of
$31.94
= -1 x ($31.94 - $75.76) / $75.76 |
57.8% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Apollo Global Management's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Apollo Global Management's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Apollo Global Management's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Apollo Global Management's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in USD | $0.71 |
| NYSE:APO Share Price ** | NYSE (2019-05-23) in USD | $31.94 |
| United States of America Capital Markets Industry PE Ratio | Median Figure of 87 Publicly-Listed Capital Markets Companies | 32.12x |
| United States of America Market PE Ratio | Median Figure of 3,085 Publicly-Listed Companies | 17.79x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Apollo Global Management.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:APO Share Price ÷ EPS (both in USD) = 31.94 ÷ 0.71 |
45.21x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Apollo Global Management is overvalued based on earnings compared to the US Capital Markets industry average.
- Apollo Global Management is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Apollo Global Management's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 45.21x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts |
Not available |
| United States of America Capital Markets Industry PEG Ratio | Median Figure of 33 Publicly-Listed Capital Markets Companies | 2.25x |
| United States of America Market PEG Ratio | Median Figure of 2,123 Publicly-Listed Companies | 1.54x |
*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 Apollo Global Management, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Apollo Global Management's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in USD | $3.81 |
| NYSE:APO Share Price * | NYSE (2019-05-23) in USD | $31.94 |
| United States of America Capital Markets Industry PB Ratio | Median Figure of 170 Publicly-Listed Capital Markets Companies | 7.85x |
| United States of America Market PB Ratio | Median Figure of 5,201 Publicly-Listed Companies | 1.84x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:APO Share Price ÷ Book Value per Share (both in USD) = 31.94 ÷ 3.81 |
8.38x |
* Primary Listing of Apollo Global Management.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Apollo Global Management is overvalued based on assets compared to the US Capital Markets industry average.
Value checks
We assess Apollo Global Management's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check) Apollo Global Management has a total score of 2/6, 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.
Future Performance
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!
Earnings growth vs Low Risk Savings
- Unable to compare Apollo Global Management's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
- Unable to compare Apollo Global Management's earnings growth to the United States of America market average as no estimate data is available.
- Apollo Global Management's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NYSE:APO Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts | 18.3% |
| United States of America Capital Markets Industry Earnings Growth Rate | Market Cap Weighted Average | 7% |
| United States of America Capital Markets Industry Revenue Growth Rate | Market Cap Weighted Average | 4.6% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 13.7% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.3% |
*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
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 10 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 2,967 | 3 | ||
| 2020-12-31 | 2,439 | 10 | ||
| 2019-12-31 | 2,183 | 5 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 1,539 | 1,065 | 142 |
| 2018-12-31 | 1,034 | 814 | -60 |
| 2018-09-30 | 1,917 | 909 | 319 |
| 2018-06-30 | 2,113 | 783 | 357 |
| 2018-03-31 | 2,203 | 678 | 387 |
| 2017-12-31 | 2,719 | 860 | 595 |
| 2017-09-30 | 2,476 | 712 | 577 |
| 2017-06-30 | 2,269 | 733 | 477 |
| 2017-03-31 | 2,483 | 715 | 560 |
| 2016-12-31 | 2,030 | 600 | 388 |
| 2016-09-30 | 1,441 | 590 | 230 |
| 2016-06-30 | 1,135 | 574 | 174 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 10 Analyst Estimates (S&P Global) | See Below |
All data from Apollo Global Management Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | ||||
| 2020-12-31 | ||||
| 2019-12-31 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2019-03-31 | 0.71 |
| 2018-12-31 | -0.30 |
| 2018-09-30 | 1.61 |
| 2018-06-30 | 1.82 |
| 2018-03-31 | 1.99 |
| 2017-12-31 | 3.12 |
| 2017-09-30 | 3.06 |
| 2017-06-30 | 2.55 |
| 2017-03-31 | 3.03 |
| 2016-12-31 | 2.11 |
| 2016-09-30 | 1.26 |
| 2016-06-30 | 0.97 |
*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.
- Apollo Global Management is expected to make outstanding use of shareholders’ funds in the future (Return on Equity greater than 40%).
Future performance checks
We assess Apollo Global Management's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Apollo Global Management has a total score of 2/6, 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.
Past Performance
How has Apollo Global Management performed over the past 5 years?
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
Past Earnings growth analysis
- Apollo Global Management's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
- Apollo Global Management's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- Apollo Global Management's 1-year earnings growth is negative, it can't be compared to the US Capital Markets industry average.
Earnings and Revenue History
All data from Apollo Global Management Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 1,539.25 | 141.69 | 1,009.70 | |
| 2018-12-31 | 1,033.69 | -60.16 | 854.73 | |
| 2018-09-30 | 1,917.05 | 319.47 | 1,166.16 | |
| 2018-06-30 | 2,112.94 | 356.84 | 1,205.73 | |
| 2018-03-31 | 2,202.93 | 386.81 | 1,161.22 | |
| 2017-12-31 | 2,718.93 | 594.92 | 1,297.26 | |
| 2017-09-30 | 2,476.44 | 577.20 | 1,280.58 | |
| 2017-06-30 | 2,268.92 | 476.61 | 1,199.64 | |
| 2017-03-31 | 2,483.05 | 559.86 | 1,280.53 | |
| 2016-12-31 | 2,030.08 | 388.02 | 1,082.01 | |
| 2016-09-30 | 1,440.53 | 229.89 | 937.60 | |
| 2016-06-30 | 1,135.37 | 174.49 | 846.08 | |
| 2016-03-31 | 828.97 | 58.58 | 742.07 | |
| 2015-12-31 | 1,011.60 | 106.00 | 801.71 | |
| 2015-09-30 | 1,093.60 | 109.76 | 762.90 | |
| 2015-06-30 | 1,121.60 | 65.87 | 756.48 | |
| 2015-03-31 | 1,344.99 | 65.13 | 868.84 | |
| 2014-12-31 | 1,537.69 | 96.16 | 964.29 | |
| 2014-09-30 | 2,057.84 | 227.34 | 1,109.04 | |
| 2014-06-30 | 2,969.00 | 396.98 | 1,493.47 | |
| 2014-03-31 | 2,891.04 | 395.19 | 1,458.52 | |
| 2013-12-31 | 3,704.31 | 564.76 | 1,858.21 | |
| 2013-09-30 | 4,067.32 | 572.18 | 2,083.68 | |
| 2013-06-30 | 3,647.65 | 480.87 | 2,020.56 | |
| 2013-03-31 | 3,359.04 | 391.45 | 2,010.46 | |
| 2012-12-31 | 2,822.85 | 262.93 | 1,931.71 | |
| 2012-09-30 | 2,307.80 | 124.23 | 1,879.70 | |
| 2012-06-30 | 113.20 | -418.16 | 1,225.70 |
*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.
- Apollo Global Management has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Apollo Global Management used its assets less efficiently than the US Capital Markets industry average last year based on Return on Assets.
- Unable to establish if Apollo Global Management improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
Past performance checks
We assess Apollo Global Management's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Apollo Global Management has a total score of 1/6, 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.
Health
How is Apollo Global Management'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 Apollo Global Management's finances.
The net worth of a company is the difference between its assets and liabilities.
- Apollo Global Management is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Apollo Global Management's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- Low level of unsold assets.
- Debt is not covered by short term assets, assets are 0.5x debt.
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.
All data from Apollo Global Management Company Filings, last reported 1 month ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 2,442.24 | 2,859.23 | 768.27 |
| 2018-12-31 | 2,451.84 | 2,216.59 | 659.81 |
| 2018-09-30 | 2,993.83 | 2,242.54 | 908.19 |
| 2018-06-30 | 2,821.98 | 2,238.93 | 1,152.40 |
| 2018-03-31 | 2,906.76 | 2,389.54 | 1,063.25 |
| 2017-12-31 | 2,897.80 | 2,366.00 | 844.66 |
| 2017-09-30 | 2,591.98 | 2,335.12 | 975.07 |
| 2017-06-30 | 2,353.19 | 2,244.29 | 1,115.53 |
| 2017-03-31 | 2,347.79 | 2,151.66 | 1,144.30 |
| 2016-12-31 | 1,867.53 | 2,140.16 | 849.01 |
| 2016-09-30 | 1,610.87 | 2,194.70 | 980.42 |
| 2016-06-30 | 1,514.71 | 2,177.32 | 887.25 |
| 2016-03-31 | 1,186.99 | 1,880.63 | 575.62 |
| 2015-12-31 | 1,388.98 | 1,826.53 | 669.30 |
| 2015-09-30 | 1,519.42 | 1,856.75 | 865.73 |
| 2015-06-30 | 1,598.96 | 1,862.76 | 919.52 |
| 2015-03-31 | 5,798.77 | 15,713.63 | 1,600.08 |
| 2014-12-31 | 5,943.46 | 15,151.07 | 2,293.00 |
| 2014-09-30 | 6,168.91 | 15,101.68 | 2,314.21 |
| 2014-06-30 | 6,667.18 | 13,178.02 | 2,283.04 |
| 2014-03-31 | 6,786.92 | 13,278.26 | 2,180.10 |
| 2013-12-31 | 6,688.72 | 13,173.96 | 2,173.29 |
| 2013-09-30 | 6,385.50 | 12,842.77 | 2,160.43 |
| 2013-06-30 | 6,237.05 | 11,572.94 | 2,720.58 |
| 2013-03-31 | 6,175.70 | 12,094.44 | 2,619.60 |
| 2012-12-31 | 5,703.38 | 12,572.77 | 2,628.92 |
| 2012-09-30 | 4,992.37 | 12,039.05 | 2,336.64 |
| 2012-06-30 | 4,920.34 | 11,980.00 | 1,984.72 |
- Apollo Global Management's level of debt (117.1%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (195.7% vs 117.1% today).
- Debt is well covered by operating cash flow (37.2%, greater than 20% of total debt).
- Unable to confirm if the interest payments on Apollo Global Management's debt are well covered by earnings due to lack of past financial data.
Financial health checks
We assess Apollo Global Management's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Apollo Global Management has a total score of 3/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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.
Dividends
What is Apollo Global Management'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
If you bought
$2,000 of
Apollo Global Management
shares you are expected to receive
$115
in your first year as a dividend.
Dividend Amount
- Apollo Global Management's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
- Apollo Global Management's dividend is above the markets top 25% of dividend payers in United States of America (3.7%).
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.
| 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 10 Analyst Estimates (S&P Global) | See Below |
| United States of America Capital Markets Industry Average Dividend Yield | Market Cap Weighted Average of 40 Stocks | 2.1% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2005 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America 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.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2021-12-31 | 2.73 | 6.00 |
| 2020-12-31 | 2.59 | 15.00 |
| 2019-12-31 | 2.06 | 11.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-03-01 | 1.830 | 6.052 |
| 2018-02-01 | 2.060 | 6.693 |
| 2017-02-03 | 1.420 | 5.057 |
| 2016-02-29 | 1.380 | 7.789 |
| 2016-02-03 | 1.380 | 9.836 |
| 2015-07-29 | 1.680 | 9.902 |
| 2015-05-07 | 1.320 | 6.059 |
| 2015-02-27 | 2.890 | 13.096 |
| 2015-02-05 | 2.890 | 12.247 |
| 2014-10-30 | 3.110 | 13.222 |
| 2014-08-11 | 3.470 | 14.868 |
| 2014-08-06 | 3.470 | 14.025 |
| 2014-05-12 | 4.410 | 16.695 |
| 2013-11-08 | 4.220 | 13.690 |
| 2013-11-07 | 3.950 | 12.438 |
| 2013-08-08 | 3.340 | 11.401 |
| 2013-05-07 | 2.260 | 9.078 |
| 2013-05-06 | 2.260 | 8.428 |
| 2013-03-01 | 1.940 | 8.040 |
| 2013-02-08 | 1.940 | 8.674 |
| 2012-11-09 | 1.350 | 7.702 |
| 2012-08-02 | 1.150 | 8.084 |
| 2012-05-08 | 1.150 | 9.259 |
| 2012-02-10 | 1.120 | 8.099 |
| 2011-11-03 | 0.730 | 5.497 |
| 2011-08-09 | 0.280 | 2.390 |
| 2011-05-12 | 0.280 | 1.681 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Apollo Global Management has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
- Dividend payments have increased, but Apollo Global Management only paid a dividend in the past 8 years.
Income/ dividend checks
We assess Apollo Global Management's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Apollo Global Management afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Apollo Global Management has a total score of 3/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | $252,617 |
| AGE | 66 |
| TENURE AS CEO | 29.3 years |
CEO Bio
Mr. Leon D. Black is the Founder, Chairman, and Chief Executive Officer since 1990 and Director of Apollo Global Management, LLC. Mr. Black serves as the Managing Partner at Apollo Management, L.P., which he founded in 1990 to manage investment capital on behalf of a group of institutional investors, focusing on corporate restructuring, leveraged buyouts, and taking minority positions in growth-oriented companies. Mr. Black founded Lion Advisors L.P. He also co-founded Melanoma Research Alliance and Apollo Real Estate Advisors L.P. He has been the Chairman of the board at Telemundo Group, Inc. since December 30, 1994. Mr. Black serves as Member of International Advisory Board of Russian Direct Investment Fund. Mr. Black also serves as a Director of The Partnership for New York City, Inc. and as a Member of the Board of Directors of The New York City Partnership. He is General Partner of AP Alternative Assets. He is Director of Mount Sinai Children's Center Foundation. Mr. Black is also a Member of the Boards of FasterCures and the Port Authority Task Force. Mr. Black is Co-Chairman of The Museum of Modern Art, Mt. Sinai Hospital, and The Asia Society. He is a member of The Council on Foreign Relations and a Member of the Board of Faster Cures. Mr. Black served as a Managing Director, Head of Mergers and Acquisitions Group and Co-Head of Corporate Finance at New Street Capital Corporation. From 1977 to 1990, Mr. Black worked at Drexel Burnham Lambert Incorporated, where he served as Managing Director, head of the Mergers & Acquisitions Group and Co-Head of the Corporate Finance Department. He was employed at the firm from 1977 to 1990. Mr. Black has vast experience making and managing private equity investments and experience in financing, analyzing and investing in public and private companies. Mr. Black served on the Board of Directors of AAA Guernsey Limited. Previously, Mr. Black served as a Director of Sirius XM Holdings Inc. from June 2001 to January 18, 2013. He also served as a Director of Wind International, Inc. since June 1999, United Rentals, Inc. from January 1999 to June 10, 2008 and Allied Waste Industries, Inc. from May 2000 to March 16, 2006. Mr. Black served as a Director of AMC Entertainment Inc. from April 19, 2001 to December 2004, Vail Resorts Inc., United Rentals (North America), Inc. since January 1999, Sequa Corporation since 1997 and Samsonite International S.A. from 1993 to September 17, 2002. He served as a Director at Nalco Holding Co. from June 2004 to August 2005 and Culligan International Company since September 1995. Mr. Black received an M.B.A. degree from Harvard Business School in 1975 and graduated summa cum laude from Dartmouth College in 1973 with a major in Philosophy and History.
CEO Compensation
- Leon's compensation has been consistent with company performance over the past year, both up more than 20%.
- Leon's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Apollo Global Management management team in years:
- The average tenure for the Apollo Global Management management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
Leon Black
Founder
$253K
66
29.3 yrs
Scott Kleinman
Co-President & Lead Partner of Private Equity
$45M
45
1.3 yrs
Jim Zelter
Co-President
$85M
56
1.3 yrs
Martin Kelly
CFO & Co-COO
$3M
50
7.3 yrs
John Suydam
Senior Partner & Chief Legal Officer
$4M
58
13.3 yrs
Sanjay Patel
Senior Partner & Chairman International
57
Howard Widra
Partner of Credit
46
Michael Konigsberg
President & Head of Capital Markets
Marc Rowan
Co-Founder
$293K
55
29.3 yrs
Peter Copses
Senior Partner
60
Board of Directors Tenure
Average tenure and age of the Apollo Global Management board of directors in years:
- The tenure for the Apollo Global Management board of directors is about average.
Board of Directors
Leon Black
Founder
$253K
66
29.3 yrs
Marc Rowan
Co-Founder
$293K
55
11.8 yrs
Josh Harris
Co-Founder
$346K
53
Pauline D. Richards
Director
$304K
69
8.2 yrs
Sanjiv Misra
Chairman of the Asia Pacific Advisory Board
58
Mike Ducey
Director
$304K
69
8 yrs
Buzzy Krongard
Director
$279K
81
8.3 yrs
Robert Kraft
Director
$254K
76
5 yrs
Who owns this company?
Recent Insider Trading
- Apollo Global Management insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 09. May 19 | Buy | Alvin Krongard | Individual | 07. May 19 | 07. May 19 | 1,790 | $32.41 | $58,014 | ||
| 06. Mar 19 | Sell | Martin Kelly | Individual | 05. Mar 19 | 05. Mar 19 | -5,000 | $29.13 | $-145,670 | ||
| 13. Feb 19 | Sell | Martin Kelly | Individual | 11. Feb 19 | 11. Feb 19 | -9,800 | $29.66 | $-290,689 | ||
| 26. Dec 18 | Buy | Tiger Global Management LLC | Company | 21. Dec 18 | 26. Dec 18 | 1,122,800 | $23.83 | $26,432,127 | ||
| 07. Dec 18 | Buy | Tiger Global Management LLC | Company | 04. Dec 18 | 06. Dec 18 | 135,700 | $26.67 | $3,594,565 | ||
| 20. Nov 18 | Buy | Tiger Global Management LLC | Company | 19. Nov 18 | 19. Nov 18 | 100,000 | $27.54 | $2,754,400 | ||
| 19. Nov 18 | Buy | Alvin Krongard | Individual | 15. Nov 18 | 15. Nov 18 | 1,000 | $28.24 | $28,240 | ||
| 16. Nov 18 | Buy | Tiger Global Management LLC | Company | 14. Nov 18 | 16. Nov 18 | 965,000 | $28.25 | $27,111,309 | ||
| 26. Oct 18 | Buy | Tiger Global Management LLC | Company | 24. Oct 18 | 25. Oct 18 | 102,193 | $28.92 | $2,908,524 | ||
| 23. Oct 18 | Buy | Tiger Global Management LLC | Company | 22. Oct 18 | 23. Oct 18 | 815,000 | $29.57 | $23,847,996 | ||
| 07. Aug 18 | Sell | MJH Investments LLC | Company | 06. Aug 18 | 06. Aug 18 | -30,381 | $35.28 | $-1,071,842 | ||
| 09. Aug 18 | Buy | Pauline D. Richards | Individual | 08. Aug 18 | 08. Aug 18 | 1,100 | $35.78 | $39,355 | ||
| 09. Aug 18 | Sell | Martin Kelly | Individual | 08. Aug 18 | 08. Aug 18 | -11,500 | $35.66 | $-410,039 | ||
Management checks
We assess Apollo Global Management's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Apollo Global Management 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.
News
Simply Wall St News
Apollo Global Management LLC (NYSE:APO): Did It Outperform The Industry?
Below, I will assess Apollo Global Management LLC's (NYSE:APO) track record on a high level, to give you some insight into how the company has been performing against its historical trend and its industry peers. … View our latest analysis for Apollo Global Management? … Was APO's recent earnings decline indicative of a tough track record.
Simply Wall St - – Full articleIs Apollo Global Management LLC (NYSE:APO) Attractive At This PE Ratio?
Apollo Global Management LLC (NYSE:APO) trades with a trailing P/E of 17.7x, which is higher than the industry average of 16x. … I will break down what the P/E ratio is, how to interpret it and what to watch out for … Check out our latest analysis for Apollo Global Management
Simply Wall St - – Full articleAt US$030.47, Is It Time To Buy Apollo Global Management LLC (NYSE:APO)?
Apollo Global Management LLC (NYSE:APO). … A question to answer is whether Apollo Global Management's current trading price of $30.47 reflective of the actual value of the? … Let’s take a look at Apollo Global Management’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change
Simply Wall St - – Full articleHow Does Apollo Global Management LLC (NYSE:APO) Fare As A Dividend Stock?
In the past 7 years Apollo Global Management LLC (NYSE:APO) has returned an average of 9.00% per year to investors in the form of dividend payouts. … Does Apollo Global Management tick all the boxes of a great dividend stock? … When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas:
Simply Wall St - – Full articleApollo Global Management LLC (NYSE:APO): Ex-Dividend Is In 3 Days, Should You Buy?
View our latest analysis for Apollo Global Management Here's how I find good dividend stocks When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas: Is its annual yield among the top 25% of dividend-paying companies? … NYSE:APO Historical Dividend Yield May 13th 18 Does Apollo Global Management pass our checks? … Relative to peers, Apollo Global Management has a yield of 6.80%, which is high for Capital Markets stocks.
Simply Wall St - – Full articleApollo Global Management LLC (NYSE:APO) Is Trading 50% Below Its True Value
NYSE:APO Intrinsic Value Mar 14th 18 The Calculation The main belief for Excess Returns is, the value of the company is how much money it can generate from its current level of equity capital, in excess of the cost of that capital. … The returns in excess of cost of equity is called excess returns: Excess Return Per Share = (Stable Return On Equity – Cost Of Equity) (Book Value Of Equity Per Share) = (65.09% – 8.96%) * $6.86 = $3.85 Excess Return Per Share is used to calculate the terminal value of APO, which is how much the business is expected to continue to generate over the upcoming years, in perpetuity. … This is a common component of discounted cash flow models: Terminal Value Per Share = Excess Return Per Share / (Cost of Equity – Expected Growth Rate) = $3.85 / (8.96% – 2.47%) = $59.27 These factors are combined to calculate the true value of APO's stock: Value Per Share = Book Value of Equity Per Share + Terminal Value Per Share = $6.86 + $59.27 = $66.12 Relative to today's price of $33.01, APO is priced beneath its true value.
Simply Wall St - – Full articleApollo Global Management LLC's (NYSE:APO) Earnings Grew 53.32% In A Year. Was It Better Than Its Long-Term Trend?
See our latest analysis for Apollo Global Management Did APO's recent earnings growth beat the long-term trend and the industry? … For Apollo Global Management, its most recent bottom-line (trailing twelve month) is US$594.92M, which, relative to the previous year's figure, has climbed up by a non-trivial 53.32%. … Since these values may be relatively short-term, I’ve calculated an annualized five-year figure for APO's earnings, which stands at US$202.09M This means that, on average, Apollo Global Management has been able to steadily raise its net income over the last couple of years as well.
Simply Wall St - – Full articleIs Apollo Global Management LLC (NYSE:APO) An Attractive Dividend Stock?
View our latest analysis for Apollo Global Management Here's how I find good dividend stocks When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas: Is their annual yield among the top 25% of dividend payers? … NYSE:APO Historical Dividend Yield Feb 1st 18 How does Apollo Global Management fare? … Relative to peers, Apollo Global Management generates a yield of 4.01%, which is high for Capital Markets stocks.Next Steps: Whilst there are few things you may like about Apollo Global Management from a dividend stock perspective, the truth is that overall it probably is not the best choice for a dividend investor.
Simply Wall St - – Full articleHow Does Apollo Global Management LLC (NYSE:APO)’s Prospect Stack Up Next To Its Financial Peers?
Apollo Global Management LLC (NYSE:APO), a USD$13.89B large-cap, is a capital market firm operating in an industry, which has recently been facing serious existential threats resulting from potential disintermediation and disruption from new technology. … On the stock-level, Apollo Global Management is trading at a lower PE ratio of 11x, making it cheaper than the average capital markets stock. … In terms of returns, Apollo Global Management generated 65.51% in the past year, which is 52.70% over the capital markets sector.
Simply Wall St - – Full articleDoes Apollo Global Management LLC's (NYSE:APO) PE Ratio Warrant A Buy?
Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for APO Price per share = $33.47 Earnings per share = $3.057 ∴ Price-Earnings Ratio = $33.47 ÷ $3.057 = 10.9x The P/E ratio isn’t a metric you view in isolation and only becomes useful when you compare it against other similar companies. … Ideally, we want to compare the stock’s P/E ratio to the average of companies that have similar characteristics as APO, such as size and country of operation. … For example, if you inadvertently compared lower risk firms with APO, then investors would naturally value APO at a lower price since it is a riskier investment.
Simply Wall St - – Full articleCompany Info
Description
Apollo Global Management, LLC is a publicly owned investment manager. The firm primarily provides its services to endowment and sovereign wealth funds, as well as other institutional and individual investors. It manages client focused portfolios. The firm launches and manages hedge funds for its clients. It also manages real estate funds and private equity funds for its clients. The firm invests in the fixed income and alternative investment markets across the globe. Its alternative investments include investment in private equity and real estate markets. The firm's private equity investments include traditional buyouts, recapitalization, distressed buyouts and debt investments in real estate, corporate partner buyouts, distressed asset, corporate carve-outs, middle market, growth capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions. Its fixed income investments include income-oriented senior loans, bonds, collateralized loan obligations, structured credit, opportunistic credit, non-performing loans, distressed debt, mezzanine debt, and value oriented fixed income securities. The firm seeks to invest in chemicals, commodities, consumer and retail, oil and gas, metals, mining, agriculture, commodities, distribution and transportation, financial and business services, manufacturing and industrial, media distribution, cable, entertainment and leisure, telecom, technology, natural resources, energy, packaging and materials, and satellite and wireless industries. It seeks to invest in companies based in across North America with a focus on United States, and Europe. The firm also makes investments outside North America, primarily in Western Europe and Asia. It employs a combination of contrarian, value, and distressed strategies to make its investments. The firm seeks to make investments in the range of $10 million and $1.5 billion. The firm seeks to invest in companies with Enterprise value between $200 million to $2.5 billion. The firm conducts an in-house research to create its investment portfolio. It seeks to acquire minority and majority positions in its portfolio companies. Apollo Global Management, LLC was founded in 1990 and is headquartered in New York City, with additional offices in New York City; Bethesda, Maryland; Chicago, Illinois; Los Angeles, California; Purchase, New York; Houston, Texas; London, United Kingdom; Frankfurt, Germany; Central, Hong Kong; Singapore; and Luxembourg.
Details
| Name: | Apollo Global Management, LLC |
| APO | |
| Exchange: | NYSE |
| Founded: | 1990 |
| $13,243,105,482 | |
| $6,404,777,666 | |
| 402,770,848 | |
| Website: | http://www.apollo.com |
| Address: |
Apollo Global Management, LLC 9 West 57th Street, 43rd Floor, New York, New York, 10019, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | APO | Class A Shares | New York Stock Exchange | US | USD | 30. Mar 2011 | |
| LSE | 0HGI | Class A Shares | London Stock Exchange | GB | USD | 30. Mar 2011 | |
| BMV | APO * | Class A Shares | Bolsa Mexicana de Valores | MX | MXN | 30. Mar 2011 | |
| NYSE | APO.PRB | 6.375% PFD SHS B | New York Stock Exchange | US | USD | 14. Mar 2018 | |
| NYSE | APO.PRA | PFD SERIES A | New York Stock Exchange | US | USD | 28. Feb 2017 |
Number of employees
Current staff
Industry
| Asset Management and Custody Banks | |
| Diversified Financials |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/05/24 00:22 |
| End of day share price update: | 2019/05/23 00:00 |
| Last estimates confirmation: | 2019/05/22 |
| Last earnings filing: | 2019/05/06 |
| Last earnings reported: | 2019/03/31 |
| Last annual earnings reported: | 2018/12/31 |
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.
