Apollo Global Management
Market Cap
US$17.7b
Last Updated
2019/12/11 01:06 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 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
1.3%
APO
1.6%
US Capital Markets
1.1%
US Market
1 Year Return
74.5%
APO
20.3%
US Capital Markets
17.8%
US Market
Return vs Industry: APO exceeded the US Capital Markets industry which returned 20.3% over the past year.
Return vs Market: APO exceeded the US Market which returned 17.8% over the past year.
Shareholder returns
| APO | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.3% | 1.6% | 1.1% |
| 30 Day | 4.4% | 4.1% | 1.4% |
| 90 Day | 9.1% | 6.2% | 3.9% |
| 1 Year | 85.3%74.5% | 22.7%20.3% | 20.3%17.8% |
| 3 Year | 172.7%125.3% | 40.4%32.3% | 44.8%35.4% |
| 5 Year | 187.9%101.3% | 83.6%66.4% | 71.3%52.4% |
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?
34.4%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: APO ($44.29) is trading below our estimate of fair value ($67.51)
Significantly Below Fair Value: APO is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: APO is good value based on its PE Ratio (21.3x) compared to the Capital Markets industry average (33.1x).
PE vs Market: APO is poor value based on its PE Ratio (21.3x) compared to the US market (18.4x).
Price to Earnings Growth Ratio
PEG Ratio: APO is good value based on its PEG Ratio (0.6x)
Price to Book Ratio
PB vs Industry: APO is overvalued based on its PB Ratio (8.1x) compared to the US Capital Markets industry average (6.2x).
Future Growth
How is Apollo Global Management forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
33.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: APO's forecast earnings growth (33.1% per year) is above the savings rate (1.7%).
Earnings vs Market: APO's earnings (33.1% per year) are forecast to grow faster than the US market (14.2% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: APO's revenue (8.6% per year) is forecast to grow faster than the US market (7.4% per year).
High Growth Revenue: APO's revenue (8.6% per year) is forecast to grow slower than 20% 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 (105.9%).
Past Performance
How has Apollo Global Management performed over the past 5 years?
17.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: APO has a large one-off loss of $183.5M impacting its September 30 2019 financial results.
Growing Profit Margin: APO's current net profit margins (23.1%) are higher than last year (15.4%).
Past Earnings Growth Analysis
Earnings Trend: APO's earnings have grown by 17% per year over the past 5 years.
Accelerating Growth: APO's earnings growth over the past year (31.2%) exceeds its 5-year average (17% per year).
Earnings vs Industry: APO earnings growth over the past year (31.2%) exceeded the Capital Markets industry 20.6%.
Return on Equity
High ROE: Whilst APO's Return on Equity (28.18%) is high, this metric is skewed due to their high level of debt.
Return on Assets
Return on Capital Employed
Financial Health
How is Apollo Global Management's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: APO has a low level of unsold assets or inventory.
Debt Coverage by Assets: APO's debt is not covered by short term assets (assets are 0.6x debt).
Financial Institutions Analysis
Asset Level: APO's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if APO has a sufficient allowance for bad loans.
Low Risk Liabilities: APO reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if APO has an acceptable proportion of non-loan assets held.
Low Risk Deposits: APO has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if APO has an appropriate level of bad loans.
Dividend
What is Apollo Global Management's current dividend yield, its reliability and sustainability?
4.13%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: APO's dividend (4.13%) is higher than the bottom 25% of dividend payers in the US market (1.44%).
High Dividend: APO's dividend (4.13%) is in the top 25% of dividend payers in the US market (3.67%)
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 (51%), 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 (88.6% payout ratio).
Management
What is the CEO of Apollo Global Management's salary, the management and board of directors tenure and is there insider trading?
3.9yrs
Average management tenure
CEO
Leon Black (67yo)
29.9yrs
Tenure
US$252,617
Compensation
Mr. Leon D. Black is the Founder, Chairman, and Chief Executive Officer since 1990 and Director of Apollo Global Management, Inc. Mr. Black serves as the Managing Partner at Apollo Management, L.P., which  ...
CEO Compensation Analysis
Compensation vs Market: Leon's total compensation ($USD252.62K) is below average for companies of similar size in the US market ($USD10.90M).
Compensation vs Earnings: Leon's compensation has been consistent with company performance over the past year.
Management Age and Tenure
3.9yrs
Average Tenure
54yo
Average Age
Experienced Management: APO's management team is considered experienced (3.9 years average tenure).
Board Age and Tenure
8.8yrs
Average Tenure
68.5yo
Average Age
Experienced Board: APO's board of directors are considered experienced (8.8 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Chief Financial Officer CFO, Co-COO & VP |
| Shares | 4,000 |
| Max Price | US$39.96 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Leon Black (67yo)
Founder
- Tenure: 29.9yrs
- Compensation: US$252.62k
Peter Copses (61yo)
Senior Partner
- Tenure: 0yrs
Scott Kleinman (46yo)
Co-President
- Tenure: 1.9yrs
- Compensation: US$45.32m
John Suydam (59yo)
Chief Legal Officer
- Tenure: 13.9yrs
- Compensation: US$4.41m
Anthony Civale (44yo)
Co-COO & VP
- Tenure: 0yrs
Jim Zelter (57yo)
Co-President
- Tenure: 1.9yrs
- Compensation: US$85.39m
Michael Konigsberg
President & Head of Capital Markets
- Tenure: 0yrs
Martin Kelly (51yo)
CFO, Co-COO & VP
- Tenure: 7.9yrs
- Compensation: US$3.05m
Robert MacGoey (44yo)
Chief Accounting Officer
- Tenure: 2.3yrs
Kristen McMahon
COO, Legal Tax & Compliance
- Tenure: 3.9yrs
Board Members
Leon Black (67yo)
Founder
- Tenure: 29.9yrs
- Compensation: US$252.62k
Marc Rowan (56yo)
Co-Founder
- Tenure: 12.4yrs
- Compensation: US$293.20k
Josh Harris (54yo)
Co-Founder & Senior MD
- Tenure: 0yrs
- Compensation: US$346.27k
Mike Ducey (70yo)
Independent Director
- Tenure: 8.6yrs
- Compensation: US$304.48k
Pauline D. Richards (70yo)
Independent Director
- Tenure: 8.8yrs
- Compensation: US$304.48k
Buzzy Krongard (82yo)
Independent Director
- Tenure: 8.9yrs
- Compensation: US$279.48k
Robert Kraft (77yo)
Independent Director
- Tenure: 5.6yrs
- Compensation: US$254.48k
Sanjiv Misra (59yo)
Chairman of the Asia Pacific Advisory Board
- Tenure: 0yrs
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$17.656b
- Market Cap: US$9.853b
- Shares outstanding: 402.82m
- 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 |
| 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 invest ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/12/11 01:06 |
| End of Day Share Price | 2019/12/10 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.