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Aperam SA
AEX:APAM

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Aperam SA
AEX:APAM
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Price: 41.48 EUR 11.75% Market Closed
Market Cap: €3B
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Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Cash Flow Statement

Operating Cash Flow
+
3Y
-34%
5Y
+20%
10Y
+52%
Investing Cash Flow
+
3Y
-131%
5Y
-403%
10Y
-447%
Financing Cash Flow
+
3Y
-
5Y
-
10Y
-

Cash Flow Statement
Aperam SA

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Cash Flow Statement
Currency: EUR
Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025
Operating Cash Flow
Net Income
133
124
79
63
12
(8)
(43)
(71)
(93)
(78)
(85)
(97)
(84)
(84)
(75)
(39)
(5)
26
72
95
129
140
156
163
150
171
193
237
266
271
320
338
321
340
286
226
203
197
148
136
116
81
175
281
454
710
969
1 095
1 144
1 162
626
441
298
(84)
89
(46)
55
232
221
193
212
Depreciation & Amortization
226
282
221
217
216
218
224
232
233
242
249
248
246
236
218
216
203
188
183
170
170
165
157
150
147
149
158
159
158
156
153
152
150
148
143
143
144
145
150
151
150
146
144
143
144
149
144
153
163
174
186
188
191
198
204
223
229
229
290
241
245
Stock-Based Compensation
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3
0
0
4
0
0
0
Other Non-Cash Items
124
74
19
60
39
(14)
(69)
(46)
(113)
(92)
(69)
(103)
(32)
(53)
136
0
151
223
208
238
159
205
75
36
67
28
68
120
116
149
87
65
80
73
112
98
53
13
50
60
47
113
95
133
113
97
(77)
(109)
22
(87)
242
271
109
196
(31)
(106)
(26)
(182)
(168)
0
(129)
Cash Taxes Paid
12
0
(4)
0
3
0
0
0
4
0
0
0
5
0
11
0
21
0
23
0
23
0
16
0
23
0
7
0
25
0
30
51
51
0
36
52
34
35
5
10
9
9
4
3
8
15
56
55
92
129
118
132
105
62
34
17
15
16
13
6
9
Cash Interest Paid
48
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
4
4
8
0
26
20
45
56
43
54
Change in Working Capital
(372)
(368)
(46)
(9)
(76)
81
24
52
304
136
121
115
37
118
(126)
(194)
(180)
(231)
(282)
(266)
(185)
(227)
(34)
(32)
(16)
33
(42)
(151)
(185)
(246)
(169)
(145)
(130)
(143)
(246)
(143)
(80)
(29)
52
45
39
19
(111)
(211)
(307)
(519)
(486)
(752)
(834)
(597)
(412)
(63)
79
52
209
274
168
1
(168)
(138)
102
Cash from Operating Activities
112
N/A
112
0%
273
+144%
330
+21%
191
-42%
277
+45%
136
-51%
167
+23%
331
+98%
207
-37%
216
+4%
164
-24%
167
+2%
218
+30%
154
-30%
161
+5%
169
+5%
205
+21%
181
-12%
238
+31%
274
+15%
284
+4%
353
+25%
318
-10%
347
+9%
381
+10%
377
-1%
365
-3%
355
-3%
329
-7%
390
+18%
409
+5%
420
+3%
417
-1%
295
-29%
324
+10%
320
-1%
326
+2%
400
+23%
392
-2%
352
-10%
359
+2%
303
-16%
346
+14%
404
+17%
437
+8%
550
+26%
387
-30%
495
+28%
652
+32%
642
-2%
837
+30%
677
-19%
362
-47%
471
+30%
345
-27%
426
+23%
280
-34%
258
-8%
296
+15%
430
+45%
Investing Cash Flow
Capital Expenditures
(72)
(86)
(76)
(83)
(86)
(106)
(114)
(121)
(136)
(134)
(125)
(121)
(112)
(101)
(94)
(84)
(73)
(70)
(78)
(92)
(100)
(105)
(119)
(119)
(119)
(125)
(118)
(127)
(141)
(138)
(165)
(173)
(178)
(200)
(192)
(192)
(177)
(154)
(151)
(149)
(146)
(142)
(109)
(110)
(114)
(113)
(152)
(152)
(174)
(211)
(296)
(302)
(316)
(345)
(303)
(293)
(230)
(166)
(220)
(154)
(159)
Other Items
(24)
45
(229)
227
277
214
472
(4)
9
9
2
6
0
2
5
3
16
9
6
5
2
2
5
6
4
3
1
1
2
2
1
2
3
3
5
4
3
4
32
32
31
30
1
(1)
(2)
(1)
(31)
(29)
(32)
(33)
(1)
(2)
0
0
0
0
0
11
(404)
(404)
(404)
Cash from Investing Activities
(95)
N/A
(41)
+57%
(305)
-651%
144
N/A
191
+33%
108
-44%
358
+233%
(124)
N/A
(127)
-2%
(125)
+1%
(123)
+2%
(114)
+7%
(112)
+2%
(98)
+12%
(90)
+9%
(81)
+9%
(57)
+30%
(61)
-7%
(72)
-17%
(87)
-21%
(98)
-13%
(103)
-5%
(114)
-10%
(112)
+1%
(115)
-3%
(122)
-6%
(117)
+5%
(126)
-8%
(139)
-10%
(136)
+2%
(164)
-21%
(171)
-4%
(175)
-2%
(197)
-13%
(187)
+5%
(188)
-1%
(174)
+7%
(150)
+14%
(119)
+21%
(117)
+2%
(115)
+2%
(112)
+3%
(108)
+4%
(111)
-3%
(116)
-5%
(114)
+2%
(183)
-61%
(181)
+1%
(206)
-14%
(244)
-18%
(297)
-22%
(304)
-2%
(313)
-3%
(342)
-9%
(303)
+11%
(293)
+3%
(230)
+22%
(155)
+33%
(624)
-303%
(558)
+11%
(563)
-1%
Financing Cash Flow
Net Issuance of Common Stock
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(2)
38
0
0
40
(13)
(13)
0
0
0
(17)
(90)
(90)
(87)
0
(52)
(67)
(70)
0
(108)
0
(93)
0
(93)
0
0
0
(5)
(105)
(105)
(179)
(200)
(186)
(194)
(120)
(94)
(8)
0
0
0
0
0
0
0
Net Issuance of Debt
(240)
(271)
(135)
(522)
163
185
40
(65)
(547)
(466)
(65)
70
(26)
(42)
(5)
(58)
(159)
(55)
(149)
(105)
(226)
(417)
(251)
(301)
(67)
(36)
(11)
(9)
(9)
(10)
(11)
0
(33)
(44)
(13)
141
72
250
139
(60)
8
(92)
(37)
2
18
(43)
57
188
132
17
(74)
(259)
(175)
(17)
8
(3)
(85)
(191)
388
378
410
Cash Paid for Dividends
0
0
0
(10)
0
0
(44)
(45)
(66)
(80)
(47)
(36)
(25)
(12)
0
0
0
(1)
(1)
0
0
(0)
0
(22)
(43)
(65)
(88)
(93)
(98)
(101)
(107)
(108)
(117)
(124)
(130)
(135)
(139)
(234)
(142)
(141)
(139)
(46)
(139)
(142)
(140)
(141)
(140)
(144)
(147)
(149)
(150)
(147)
(145)
(144)
(145)
(146)
(145)
(145)
(181)
(145)
(145)
Other
178
155
167
0
(457)
(444)
(393)
(5)
401
412
(2)
(2)
(1)
(3)
(6)
(6)
(6)
(5)
(48)
(48)
(48)
(49)
(3)
0
(3)
(1)
(1)
0
0
0
(1)
0
0
0
(1)
(3)
0
(8)
(8)
(10)
0
(12)
(9)
(12)
(10)
(9)
(9)
(9)
(9)
0
(1)
(2)
0
(16)
(15)
0
(16)
0
(18)
0
(24)
Cash from Financing Activities
(62)
N/A
(116)
-89%
32
N/A
(365)
N/A
(294)
+19%
(259)
+12%
(397)
-53%
(115)
+71%
(212)
-84%
(133)
+37%
(114)
+15%
32
N/A
(52)
N/A
(57)
-10%
(11)
+81%
(64)
-503%
(165)
-159%
(63)
+62%
(161)
-154%
(115)
+28%
(236)
-105%
(426)
-80%
(267)
+37%
(338)
-27%
(125)
+63%
(115)
+8%
(99)
+14%
(120)
-21%
(196)
-63%
(201)
-2%
(206)
-2%
(187)
+9%
(203)
-9%
(236)
-16%
(214)
+9%
(68)
+68%
(176)
-159%
10
N/A
(104)
N/A
(302)
-190%
(139)
+54%
(241)
-73%
(185)
+23%
(150)
+19%
(137)
+9%
(298)
-118%
(197)
+34%
(144)
+27%
(224)
-56%
(320)
-43%
(419)
-31%
(527)
-26%
(414)
+21%
(182)
+56%
(152)
+16%
(164)
-8%
(246)
-50%
(336)
-37%
202
N/A
233
+15%
259
+11%
Change in Cash
Effect of Foreign Exchange Rates
1
8
2
8
15
(4)
(6)
(6)
(14)
(1)
4
(3)
(5)
(1)
(5)
1
9
(15)
(20)
(39)
(35)
(21)
(17)
3
1
5
(1)
(5)
(10)
(9)
17
16
17
16
(1)
0
2
2
(1)
(18)
(24)
(29)
(27)
(15)
3
0
(4)
21
3
20
7
(14)
(6)
(20)
(30)
(38)
(36)
(16)
(11)
(11)
(5)
Net Change in Cash
(44)
N/A
(36)
+17%
2
N/A
117
+7 645%
103
-12%
121
+17%
91
-25%
(78)
N/A
(22)
+72%
(53)
-140%
(16)
+69%
79
N/A
(2)
N/A
62
N/A
49
-20%
17
-65%
(44)
N/A
66
N/A
(71)
N/A
(3)
+96%
(95)
-3 267%
(266)
-179%
(44)
+83%
(131)
-196%
107
N/A
149
+39%
160
+8%
114
-29%
10
-92%
(17)
N/A
37
N/A
67
+81%
59
-12%
0
-100%
(107)
N/A
68
N/A
(28)
N/A
188
N/A
176
-6%
(45)
N/A
74
N/A
(23)
N/A
(17)
+26%
70
N/A
154
+120%
25
-84%
166
+564%
83
-50%
68
-18%
108
+59%
(67)
N/A
(8)
+88%
(56)
-600%
(182)
-225%
(14)
+92%
(150)
-971%
(86)
+43%
(227)
-164%
(175)
+23%
(40)
+77%
121
N/A
Free Cash Flow
Free Cash Flow
41
N/A
27
-35%
197
+643%
247
+25%
105
-58%
171
+63%
22
-87%
46
+107%
196
+323%
73
-63%
91
+24%
43
-53%
55
+28%
118
+114%
59
-49%
76
+28%
96
+26%
135
+40%
103
-23%
146
+41%
174
+19%
179
+3%
234
+31%
199
-15%
228
+15%
256
+12%
259
+1%
238
-8%
214
-10%
191
-11%
225
+18%
236
+5%
242
+3%
217
-10%
103
-53%
132
+28%
143
+8%
172
+20%
249
+45%
243
-2%
206
-15%
217
+5%
194
-11%
236
+22%
290
+23%
324
+12%
398
+23%
235
-41%
321
+37%
441
+37%
346
-22%
535
+55%
361
-33%
17
-95%
168
+888%
52
-69%
196
+277%
114
-42%
38
-67%
142
+274%
271
+91%

See Also

Summary
APAM intrinsic value, competitors valuation, and company profile.
DCF Valuation
APAM stock valuation using Discount Cash Flow valuation method.
Relative Valuation
APAM stock valuation using valuation multiples.
Wall Street Estimates
APAM price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
APAM stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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