NYSE:APO

Stock Analysis Report

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

-0.04%

APO

-1.5%

US Capital Markets

-1.1%

US Market


1 Year Return

57.2%

APO

15.4%

US Capital Markets

17.8%

US Market

Return vs Industry: APO exceeded the US Capital Markets industry which returned 15.4% over the past year.

Return vs Market: APO exceeded the US Market which returned 17.8% over the past year.


Shareholder returns

APOIndustryMarket
7 Day-0.04%-1.5%-1.1%
30 Day-10.4%1.0%1.5%
90 Day5.6%3.9%6.6%
1 Year67.0%57.2%17.6%15.4%20.2%17.8%
3 Year147.0%104.2%37.5%29.8%47.5%38.1%
5 Year176.9%97.0%78.9%62.4%71.2%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?

9.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: APO ($45.69) is trading below our estimate of fair value ($50.44)

Significantly Below Fair Value: APO is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: APO is good value based on its PE Ratio (12.3x) compared to the Capital Markets industry average (33.9x).

PE vs Market: APO is good value based on its PE Ratio (12.3x) compared to the US market (18.2x).


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 overvalued based on its PB Ratio (7.8x) compared to the US Capital Markets industry average (6.6x).

Future Growth

How is Apollo Global Management forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

-15.9%

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 (-15.9% per year).

High Growth Revenue: APO's revenue is forecast to decline over the next 3 years (-15.9% 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 (50.7%).

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 (8.4%).


Return on Equity

High ROE: APO's Return on Equity (50.6%) is considered outstanding.


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 0.8x 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?

5.14%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: APO's dividend (5.14%) is higher than the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: APO's dividend (5.14%) is in the top 25% of dividend payers in the US market (3.73%)


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 (89.7% payout ratio).

Management

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

6.1yrs

Average management tenure


CEO

Leon Black (67yo)

30.1yrs

Tenure

US$252,617

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 ($USD252.62K) is below average for companies of similar size in the US market ($USD10.81M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Leon Black
Founder30.1yrsUS$252.62k5.08% $935.6m
Scott Kleinman
Co-President2.1yrsUS$45.32m0.27% $49.9m
James Zelter
Co-President2.1yrsUS$85.39m0.55% $101.5m
Martin Kelly
Chief Financial Officer and Co-Chief Operating Officer8.1yrsUS$3.05m0.10% $19.1m
John Suydam
Chief Legal Officer14.1yrsUS$4.41m0.28% $51.6m
Michael Konigsberg
President & Head of Capital Markets0yrsno datano data
Marc Rowan
Co-Founder12.6yrsUS$293.20k3.96% $730.1m
Peter Copses
Senior Partner0yrsno datano data
Anthony Civale
Co-COO & VP1.1yrsno data0.62% $115.1m
Kristen McMahon
COO, Legal Tax & Compliance4.1yrsno datano data

6.1yrs

Average Tenure

56.5yo

Average Age

Experienced Management: APO's management team is seasoned and experienced (6.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Leon Black
Founder30.1yrsUS$252.62k5.08% $935.6m
Marc Rowan
Co-Founder12.6yrsUS$293.20k3.96% $730.1m
Joshua Harris
Co-Founder0yrsUS$346.27k0.61% $111.5m
Michael Ducey
Independent Director8.8yrsUS$304.48kno data
Pauline D. Richards
Independent Director8.9yrsUS$304.48kno data
Alvin Krongard
Independent Director9.1yrsUS$279.48kno data
Robert Kraft
Independent Director5.8yrsUS$254.48kno data
Sanjiv Misra
Chairman of the Asia Pacific Advisory Board0yrsno datano data

9.0yrs

Average Tenure

68.5yo

Average Age

Experienced Board: APO's board of directors are considered experienced (9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: APO insiders have only sold shares 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$18.418b
  • Market Cap: US$10.189b
  • Shares outstanding: 403.11m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
APOXNYS (New York Stock Exchange, Inc. Floor)YesClass A Common StockUSUSDMar 2011
AG31DB (Deutsche Boerse AG)YesClass A Common StockDEEURMar 2011
APO *BMV (Bolsa Mexicana de Valores)YesClass A Common StockMXMXNMar 2011
APONYSE (New York Stock Exchange)YesClass A Common StockUSUSDMar 2011
APO.PRANYSE (New York Stock Exchange)6.375% PFD SER AUSUSDFeb 2017
APO.PRBNYSE (New York Stock Exchange)6.375% PFD SER BUSUSDMar 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/24 03:57
End of Day Share Price2020/02/21 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.