NYSE:APO

Stock Analysis Report

Executive Summary

Apollo Global Management, Inc. is a publicly owned investment manager.

Snowflake

Rewards


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

-3.6%

APO

1.8%

US Capital Markets

-0.2%

US Market


1 Year Return

47.6%

APO

12.5%

US Capital Markets

16.1%

US Market

Return vs Industry: APO exceeded the US Capital Markets industry which returned 12.5% over the past year.

Return vs Market: APO exceeded the US Market which returned 16.1% over the past year.


Shareholder returns

APOIndustryMarket
7 Day-3.6%1.8%-0.2%
30 Day2.6%6.7%3.7%
90 Day18.5%10.9%8.5%
1 Year56.8%47.6%15.0%12.5%18.7%16.1%
3 Year156.4%111.9%43.8%35.6%46.9%37.4%
5 Year147.9%73.4%79.0%62.4%61.8%44.0%

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?

0.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: APO ($42.37) is trading below our estimate of fair value ($42.6)

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 (20.4x) compared to the Capital Markets industry average (33x).

PE vs Market: APO is poor value based on its PE Ratio (20.4x) compared to the US market (18x).


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 (7.8x) compared to the US Capital Markets industry average (6.3x).

Future Growth

How is Apollo Global Management forecast to perform in the next 1 to 3 years based on estimates from 11 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 (2.7%).

Earnings vs Market: APO's earnings (33.1% per year) are forecast to grow faster than the US market (14.3% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: APO's revenue (8.3% per year) is forecast to grow faster than the US market (7.3% per year).

High Growth Revenue: APO's revenue (8.3% 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 (93.1%).

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 large one-off items impacting its 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?

4.72%

Current Dividend Yield


Dividend Yield vs Market

company4.7%marketbottom25%1.4%markettop25%3.7%industryaverage1.9%forecastin3Years5.7%

Current dividend yield vs market & industry

Notable Dividend: APO's dividend (4.72%) is higher than the bottom 25% of dividend payers in the US market (1.44%).

High Dividend: APO's dividend (4.72%) is in the top 25% of dividend payers in the US market (3.69%)


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?

3.8yrs

Average management tenure


CEO

Leon Black (67yo)

29.8yrs

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 ($USD252.62K) is below average for companies of similar size in the US market ($USD11.04M).

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


Management Age and Tenure

3.8yrs

Average Tenure

55.5yo

Average Age

Experienced Management: APO's management team is considered experienced (3.8 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: APO insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellUS$159,84909 Sep 19
Martin Kelly
EntityIndividual
Role
Chief Financial Officer
CFO, Co-COO & VP
Shares4,000
Max PriceUS$39.96

Ownership Breakdown

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


Management Team

  • Leon Black (67yo)

    Founder

    • Tenure: 29.8yrs
    • Compensation: US$252.62k
  • Peter Copses (61yo)

    Senior Partner

    • Tenure: 0yrs
  • Josh Harris (54yo)

    Co-Founder & Senior MD

    • Tenure: 0yrs
    • Compensation: US$346.27k
  • Scott Kleinman (46yo)

    Co-President

    • Tenure: 1.8yrs
    • Compensation: US$45.32m
  • John Suydam (59yo)

    Chief Legal Officer

    • Tenure: 13.8yrs
    • Compensation: US$4.41m
  • Anthony Civale (44yo)

    Co-COO & VP

    • Tenure: 0.8yrs
  • Jim Zelter (57yo)

    Co-President

    • Tenure: 1.8yrs
    • Compensation: US$85.39m
  • Michael Konigsberg

    President & Head of Capital Markets

    • Tenure: 0yrs
  • Martin Kelly (51yo)

    CFO, Co-COO & VP

    • Tenure: 7.8yrs
    • Compensation: US$3.05m
  • Kristen McMahon

    COO, Legal Tax & Compliance

    • Tenure: 3.8yrs

Board Members

  • Leon Black (67yo)

    Founder

    • Tenure: 29.8yrs
    • Compensation: US$252.62k
  • Marc Rowan (56yo)

    Co-Founder

    • Tenure: 12.3yrs
    • Compensation: US$293.20k
  • Josh Harris (54yo)

    Co-Founder & Senior MD

    • Tenure: 0yrs
    • Compensation: US$346.27k
  • Mike Ducey (70yo)

    Independent Director

    • Tenure: 8.5yrs
    • Compensation: US$304.48k
  • Pauline D. Richards (70yo)

    Independent Director

    • Tenure: 8.7yrs
    • Compensation: US$304.48k
  • Buzzy Krongard (82yo)

    Independent Director

    • Tenure: 8.8yrs
    • Compensation: US$279.48k
  • Robert Kraft (77yo)

    Independent Director

    • Tenure: 5.5yrs
    • 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$17.253b
  • Market Cap: US$9.426b
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
APOXNYS (New York Stock Exchange, Inc. Floor)YesClass A Common StockUSUSDMar 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 invest ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/22 01:34
End of Day Share Price2019/11/21 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.