NYSE:APO

Stock Analysis Report

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Market Cap

US$25.8b

Last Updated

2021/07/27 01:49 UTC

Data Sources

Company Financials +

Executive Summary

Apollo Global Management, Inc. is a private equity firm specializing investments in credit, private equity and real estate markets. More Details


Snowflake Analysis

Average dividend payer and fair value.


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 is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: APO's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

5.6%

APO

4.4%

US Capital Markets

3.3%

US Market


1 Year Return

13.8%

APO

56.0%

US Capital Markets

37.8%

US Market

Return vs Industry: APO underperformed the US Capital Markets industry which returned 55.9% over the past year.

Return vs Market: APO underperformed the US Market which returned 39.1% over the past year.


Shareholder returns

APOIndustryMarket
7 Day5.6%4.4%3.3%
30 Day-3.7%0.6%1.1%
90 Day7.5%5.3%2.9%
1 Year18.7%13.8%59.4%56.0%39.9%37.8%
3 Year99.6%70.0%72.8%60.3%65.8%55.4%
5 Year367.2%245.9%173.3%140.1%124.3%99.4%

Long-Term 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

Valuation

Is Apollo Global Management undervalued compared to its fair value and its price relative to the market?

7.7x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: APO ($59.33) is trading above our estimate of fair value ($14.01)

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 (7.7x) compared to the US Capital Markets industry average (13.2x).

PE vs Market: APO is good value based on its PE Ratio (7.7x) compared to the US market (18.4x).


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 (10x) compared to the US Capital Markets industry average (61.8x).


Future Growth

How is Apollo Global Management forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

-5.3%

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 (2%).

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 (-5.3% per year).

High Growth Revenue: APO's revenue is forecast to decline over the next 3 years (-5.3% 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 (126.6%).


Past Performance

How has Apollo Global Management performed over the past 5 years?

3.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: APO has a high level of non-cash earnings.

Growing Profit Margin: APO became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: APO's earnings have grown by 3.8% 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 (51.3%).


Return on Equity

High ROE: Whilst APO's Return on Equity (47.97%) 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 ($4.0B) exceed its short term liabilities ($1.6B).

Long Term Liabilities: APO's short term assets ($4.0B) do not cover its long term liabilities ($16.9B).


Debt to Equity History and Analysis

Debt Level: APO's debt to equity ratio (162.2%) is considered high.

Reducing Debt: APO's debt to equity ratio has increased from 158.2% to 162.2% over the past 5 years.

Debt Coverage: APO's operating cash flow is negative, therefore debt is not well covered.

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 current dividend yield, its reliability and sustainability?

3.40%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: APO's dividend (3.4%) is higher than the bottom 25% of dividend payers in the US market (1.32%).

High Dividend: APO's dividend (3.4%) is low compared to the top 25% of dividend payers in the US market (3.56%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (27.3%), APO's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: APO's dividends in 3 years are forecast to be covered by earnings (66.6% payout ratio).


Next Steps

Management

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

3.5yrs

Average management tenure


CEO

Marc Rowan (58 yo)

0.33

Tenure

Mr. Marc Jeffrey Rowan serves as the Vice President at Apollo Global Real Estate Management, L.P. He also serves as Vice President in Apollo Capital Management, L.P and Apollo Credit Management, LLC. He se...


CEO Compensation Analysis

Compensation vs Market: Insufficient data to establish whether Marc's total compensation is reasonable compared to companies of similar size in the US market.

Compensation vs Earnings: Marc's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: APO's management team is considered experienced (3.5 years average tenure).


Board Members

Experienced Board: APO's board of directors are not considered experienced ( 0.4 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: APO insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

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


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$25.768b
  • Market Cap: US$13.784b
  • Shares outstanding: 434.32m
  • 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


Biography

Apollo Global Management, Inc. is a private equity firm specializing investments in credit, private equity and real estate markets. The firm's private equity investments include traditional buyouts, recapi...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/07/27 01:49
End of Day Share Price2021/07/26 00:00
Earnings2021/03/31
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.