Market Cap
US$1.8b
Last Updated
2019/10/14 02:29 UTC
Data Sources
Company Financials +
Executive Summary
Aperam S.A., through its subsidiaries, produces and sells stainless and specialty steel products worldwide.
Snowflake
Fundamentals
Flawless balance sheet, undervalued and pays a dividend.
Similar Companies
Share Price & News
How has Aperam's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
0.5%
APEM.Y
2.0%
US Metals and Mining
1.0%
US Market
1 Year Return
-47.4%
APEM.Y
-10.3%
US Metals and Mining
6.7%
US Market
Return vs Industry: APEM.Y underperformed the US Metals and Mining industry which returned -10.3% over the past year.
Return vs Market: APEM.Y underperformed the US Market which returned 6.7% over the past year.
Share holder returns
| APEM.Y | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.5% | 2.0% | 1.0% |
| 30 Day | -21.1% | -4.1% | -1.8% |
| 90 Day | -14.3% | -5.1% | -1.8% |
| 1 Year | -44.1%-47.4% | -7.6%-10.3% | 9.1%6.7% |
| 3 Year | -43.5%-49.7% | 14.7%8.5% | 46.1%36.6% |
| 5 Year | -0.6%-13.3% | -1.5%-8.9% | 66.9%48.6% |
Price Volatility Vs. Market
How volatile is Aperam's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is Aperam undervalued based on future cash flows and its price relative to the stock market?
33%
Discount to future cash flow value
Intrinsic Value Based on Future Cash Flows
Undervalued: APEM.Y ($22.54) is trading below our estimate of fair value ($33.44)
Significantly Undervalued: APEM.Y is trading below fair value, but not by a significant amount.
Price Based on Earnings
PE vs Industry: APEM.Y is good value based on its PE Ratio (9.2x) compared to the Metals and Mining industry average (12.9x).
PE vs Market: APEM.Y is good value based on its PE Ratio (9.2x) compared to the US market (17.5x).
Price Based on Expected Growth
Low PEG Ratio: APEM.Y is good value based on its PEG Ratio (0.5x)
Price Based on Value of Assets
PB vs Industry: APEM.Y is good value based on its PB Ratio (0.8x) compared to the US Metals and Mining industry average (1.4x).
Next Steps
Future Growth
How is Aperam expected to perform in the next 1 to 3 years based on estimates from 10 analysts?
19.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Estimates
Future Annual Growth Analysis
Earnings vs Savings Rate: APEM.Y's forecast earnings growth (19.4% per year) is above the savings rate (2.7%).
Earnings vs Market: APEM.Y's earnings (19.4% per year) are forecast to grow faster than the US market (14.5% per year).
High Growth Earnings: APEM.Y's earnings are forecast to grow, but not significantly.
Revenue vs Market: APEM.Y's revenue (5.7% per year) is forecast to grow slower than the US market (7.3% per year).
High Growth Revenue: APEM.Y's revenue (5.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Estimates
Future Return on Equity
High Future ROE: APEM.Y's Return on Equity is forecast to be low in 3 years time (8.5%).
Next Steps
Past Performance
How has Aperam performed over the past 5 years?
27.3%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: APEM.Y has become profitable over the past 5 years, growing earnings by 27.3% per year.
Accelerating Growth: APEM.Y's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: APEM.Y had negative earnings growth (-36.8%) over the past year, making it difficult to compare to the Metals and Mining industry average (26.6%).
Return on Equity
High ROE: APEM.Y's Return on Equity (8.5%) is considered low.
Return on Assets
ROA vs Industry: APEM.Y's Return on Assets is below or equal to the Metals and Mining industry average last year.
Return on Capital Employed
ROCE Improving: APEM.Y has improved its Return on Capital Employed over the past 3 years.
Next Steps
Financial Health
How is Aperam's financial position?
Financial Position Analysis
Short Term Liabilities: APEM.Y's short term assets (€1.8B) exceeds its short term liabilities (€1.3B)
Long Term Liabilities: APEM.Y's short term assets (1.8B) exceeds its long term liabilities (506.0M)
Debt to Equity History and Analysis
Debt Level: APEM.Y's debt to equity ratio (14%) is considered satisfactory
Reducing Debt: APEM.Y's debt to equity ratio has reduced from 26.3% to 14% over the past 5 years.
Debt Coverage: APEM.Y's debt is well covered by operating cash flow (96.1%).
Interest Coverage: APEM.Y earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Inventory Level: APEM.Y has a high level of physical assets or inventory.
Debt Coverage by Assets: APEM.Y's debt is covered by short term assets (assets are 5.534530x debt).
Next Steps
Dividend
What is Aperam's current dividend yield, its reliability and sustainability?
7.85%
Expected Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Dividend Yield and Payments Analysis
Notable Dividend: APEM.Y's dividend (7.77%) is higher than the bottom 25% of dividend payers in the US market (1.46%).
High Dividend: APEM.Y's dividend (7.77%) is in the top 25% of dividend payers in the US market (3.77%)
Stable Dividend: APEM.Y has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: APEM.Y's dividend payments have increased, but the company has only paid a dividend for 8 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (71.6%), APEM.Y's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: APEM.Y's dividends in 3 years are forecast to be covered by earnings (67.7% payout ratio).
Next Steps
Management
What is the CEO of Aperam's salary, the management and board of directors tenure and is there insider trading?
4.8yrs
Average management tenure
CEO
Tim Di Maulo (60yo)
4.8yrs
Tenure
Mr. Timoteo Di Maulo, also known as Tim, has been the Chief Executive Officer at Aperam since January 1, 2015 and serves as its Member of The Leadership Team. Mr. Di Maulo has over twenty-five years of exp ...
Management Age and Tenure
4.8yrs
Average Tenure
49yo
Average Age
Experienced Management: APEM.Y's management team is considered experienced (4.8 years average tenure).
Board Age and Tenure
7.6yrs
Average Tenure
66.5yo
Average Age
Experienced Board: APEM.Y's board of directors are considered experienced (7.6 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.
Ownership Breakdown
Management Team
Vanisha Mittal Bhatia (38yo)
Chief Strategy Officer
- Tenure: 8.5yrs
Thorsten Zimmermann
Head of Investor Relations
- Tenure: 0yrs
Sandeep Jalan (52yo)
Chief Financial Officer
- Tenure: 5.8yrs
Tim Di Maulo (60yo)
Chief Executive Officer
- Tenure: 4.8yrs
Laurent Beauloye
- Tenure: 0yrs
Guillaume Bazetoux
Head of Finance & Secretary to the Leadership Team
- Tenure: 0yrs
Frederico Lima (47yo)
Chief Operating Officer of Stainless & Electrical Steel South America
- Tenure: 4.8yrs
Bernard Hallemans (51yo)
Chief Operating Officer of Stainless & Electrical Steel - Europe
- Tenure: 3yrs
Nicolas Changeur (47yo)
Chief Marketing Officer of Stainless & Electrical Steel
- Tenure: 4.9yrs
Bert Lyssens (49yo)
Head of Sustainability
- Tenure: 4.5yrs
Board Members
Romain Bausch (66yo)
Lead Independent Director
- Tenure: 0yrs
Lakshmi Mittal (69yo)
Chairman
- Tenure: 0yrs
Aditya Mittal (42yo)
Non-Independent Director
- Tenure: 8.8yrs
Joe Greenwell (68yo)
Independent Director
- Tenure: 6.4yrs
Kathryn Matthews (59yo)
Independent Director
- Tenure: 8.8yrs
Philippe Darmayan (67yo)
Non-Independent Director
- Tenure: 4.4yrs
Bernadette Baudier
Independent Director
- Tenure: 0yrs
Company Information
Aperam S.A.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Aperam S.A.
- Ticker: APEM.Y
- Exchange: OTCPK
- Founded: 2010
- Industry: Steel
- Sector: Materials
- Market Cap: €1.796b
- Listing Market Cap: €1.985b
- Shares outstanding: 79.80m
- Website: https://www.aperam.com
Number of Employees
Location
- Aperam S.A.
- 12C, rue Guillaume Kroll
- Luxembourg City
- 1882
- Luxembourg
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| APEM.Y | OTCPK (Pink Sheets LLC) | NY REGISTRY SHS | US | USD | Jan 2011 | |
| APMS.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Jan 2011 |
| APAM | ENXTAM (Euronext Amsterdam) | Yes | Ordinary Shares | NL | EUR | Jan 2011 |
| APAM | BME (Bolsas y Mercados Espanoles) | Yes | Ordinary Shares | ES | EUR | Jan 2011 |
| 0OLF | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | EUR | Jan 2011 |
| APAML | BDL (Bourse de Luxembourg) | Yes | Ordinary Shares | LU | EUR | Jan 2011 |
| APAMA | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | EUR | Jan 2011 |
| 7AA | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jan 2011 |
| APAM | WBAG (Wiener Boerse AG) | Yes | Ordinary Shares | AT | EUR | Jan 2011 |
| APAM N | BMV (Bolsa Mexicana de Valores) | Yes | Ordinary Shares | MX | MXN | Jan 2011 |
| APAME | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | EUR | Jan 2011 |
Biography
Aperam S.A., through its subsidiaries, produces and sells stainless and specialty steel products worldwide. The company operates through three segments: Stainless & Electrical Steel; Services & Solutions; ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/14 02:29 |
| End of Day Share Price | 2019/10/09 00:00 |
| Earnings | 2019/06/30 |
| 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.