Apollo Global Management
Market Cap
US$15.1b
Last Updated
2020/04/09 04:55 UTC
Data Sources
Company Financials +
Executive Summary
Apollo Global Management, Inc. is a publicly owned investment manager.
Rewards
Snowflake Analysis
Similar Companies
Share Price & News
How has Apollo Global Management's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: APO's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
20.3%
APO
10.8%
US Capital Markets
9.4%
US Market
1 Year Return
30.0%
APO
-5.5%
US Capital Markets
-6.8%
US Market
Return vs Industry: APO exceeded the US Capital Markets industry which returned -8.3% over the past year.
Return vs Market: APO exceeded the US Market which returned -10% over the past year.
Shareholder returns
| APO | Industry | Market | |
|---|---|---|---|
| 7 Day | 20.3% | 10.8% | 9.4% |
| 30 Day | 5.2% | -0.2% | -3.9% |
| 90 Day | -25.3% | -17.9% | -16.5% |
| 1 Year | 38.0%30.0% | -3.6%-5.5% | -4.8%-6.8% |
| 3 Year | 75.9%45.5% | 21.4%14.5% | 23.4%15.2% |
| 5 Year | 137.2%68.8% | 44.9%31.2% | 41.3%25.7% |
Price Volatility Vs. Market
How volatile is Apollo Global Management's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is Apollo Global Management undervalued compared to its fair value and its price relative to the market?
48.8%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: APO ($35.08) is trading above our estimate of fair value ($26.18)
Significantly Below Fair Value: APO is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: APO is good value based on its PE Ratio (9.4x) compared to the Capital Markets industry average (33.4x).
PE vs Market: APO is good value based on its PE Ratio (9.4x) compared to the US market (13x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate APO's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: APO is good value based on its PB Ratio (6x) compared to the US Capital Markets industry average (8.6x).
Future Growth
How is Apollo Global Management forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
-17.6%
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if APO's forecast earnings growth is above the savings rate (1.7%).
Earnings vs Market: Insufficient data to determine if APO's earnings are forecast to grow faster than the US market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: APO's revenue is expected to decline over the next 3 years (-23.1% per year).
High Growth Revenue: APO's revenue is forecast to decline over the next 3 years (-23.1% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: APO's Return on Equity is forecast to be very high in 3 years time (52%).
Past Performance
How has Apollo Global Management performed over the past 5 years?
23.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: APO has high quality earnings.
Growing Profit Margin: APO became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: APO's earnings have grown significantly by 23.8% per year over the past 5 years.
Accelerating Growth: APO has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: APO has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (9.7%).
Return on Equity
High ROE: Whilst APO's Return on Equity (50.59%) is outstanding, this metric is skewed due to their high level of debt.
Financial Health
How is Apollo Global Management's financial position?
Financial Position Analysis
Short Term Liabilities: APO's short term assets ($2.1B) exceed its short term liabilities ($944.3M).
Long Term Liabilities: APO's short term assets ($2.1B) do not cover its long term liabilities ($4.6B).
Debt to Equity History and Analysis
Debt Level: APO's debt to equity ratio (115.2%) is considered high.
Reducing Debt: APO's debt to equity ratio has reduced from 255.1% to 115.2% over the past 5 years.
Debt Coverage: APO's debt is well covered by operating cash flow (30.9%).
Interest Coverage: Insufficient data to determine if APO's interest payments on its debt are well covered by EBIT.
Balance Sheet
Dividend
What is Apollo Global Management's current dividend yield, its reliability and sustainability?
6.31%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: APO's dividend (6.7%) is higher than the bottom 25% of dividend payers in the US market (1.93%).
High Dividend: APO's dividend (6.7%) is in the top 25% of dividend payers in the US market (5.46%)
Stability and Growth of Payments
Stable Dividend: APO has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: APO's dividend payments have increased, but the company has only paid a dividend for 9 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (63.1%), APO's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: APO's dividends in 3 years are forecast to be covered by earnings (81.8% payout ratio).
Management
How experienced are the management team and are they aligned to shareholders interests?
5.3yrs
Average management tenure
CEO
Leon Black (67yo)
30.25s
Tenure
US$260,175
Compensation
Mr. Leon David Black serves as a Vice President in Apollo Capital Management, L.P. He serves as Vice President in Apollo Credit Management, LLC. He serves as Vice President in Apollo Investment Management, ...
CEO Compensation Analysis
Compensation vs Market: Leon's total compensation ($USD260.18K) is below average for companies of similar size in the US market ($USD11.79M).
Compensation vs Earnings: Leon's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 30.25yrs | US$260.18k | 4.9% $741.7m | |
| Co-President | 2.25yrs | US$18.62m | 0.26% $39.6m | |
| Co-Founder & Director | no data | no data | 0.58% $88.4m | |
| CFO & Co-COO | 8.25yrs | US$5.51m | 0.10% $15.1m | |
| Co-COO & VP | 1.25yrs | US$3.13m | 0.53% $80.6m | |
| Chief Legal Officer | 14.25yrs | US$4.18m | 0.27% $40.9m | |
| Co-Founder | 12.75yrs | no data | 3.17% $480.1m | |
| President & Head of Capital Markets | no data | no data | no data | |
| Co-President | 2.25yrs | US$85.39m | 0.53% $80.4m | |
| Senior Partner | no data | no data | no data |
5.3yrs
Average Tenure
56yo
Average Age
Experienced Management: APO's management team is seasoned and experienced (5.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 30.25yrs | US$260.18k | 4.9% $741.7m | |
| Co-Founder & Director | no data | no data | 0.58% $88.4m | |
| Co-Founder | 12.75yrs | no data | 3.17% $480.1m | |
| Independent Director | 8.92yrs | US$276.82k | 0.025% $3.7m | |
| Independent Director | 9.08yrs | US$276.82k | 0.024% $3.6m | |
| Independent Director | 9.25yrs | US$261.54k | 0.13% $20.1m | |
| Independent Director | 5.92yrs | US$226.82k | 0.15% $22.8m | |
| Chairman of the Asia Pacific Advisory Board | no data | no data | no data |
9.2yrs
Average Tenure
68.5yo
Average Age
Experienced Board: APO's board of directors are considered experienced (9.2 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: APO insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.6%.
Top Shareholders
Company Information
Apollo Global Management, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Apollo Global Management, Inc.
- Ticker: APO
- Exchange: NYSE
- Founded: 1990
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Implied Market Cap: US$15.127b
- Market Cap: US$8.610b
- Shares outstanding: 405.89m
- Website: https://www.apollo.com
Number of Employees
Location
- Apollo Global Management, Inc.
- 9 West 57th Street
- 43rd Floor
- New York
- New York
- 10019
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| APO | XNYS (New York Stock Exchange, Inc. Floor) | Yes | Class A Common Stock | US | USD | Mar 2011 |
| AG31 | DB (Deutsche Boerse AG) | Yes | Class A Common Stock | DE | EUR | Mar 2011 |
| APO * | BMV (Bolsa Mexicana de Valores) | Yes | Class A Common Stock | MX | MXN | Mar 2011 |
| APO | NYSE (New York Stock Exchange) | Yes | Class A Common Stock | US | USD | Mar 2011 |
| APO.PRA | NYSE (New York Stock Exchange) | 6.375% PFD SER A | US | USD | Feb 2017 | |
| APO.PRB | NYSE (New York Stock Exchange) | 6.375% PFD SER B | US | USD | Mar 2018 |
Biography
Apollo Global Management, Inc. 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. The firm was formally know as Apollo Global Management, LLC. Apollo Global Management, Inc. was founded in 1990 and is headquartered in New York City, with additional offices in North America, Asia and Europe
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/04/09 04:55 |
| End of Day Share Price | 2020/04/08 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.