Financials Apollo Global Management, Inc.

Equities

APO

US03769M1062

Investment Management & Fund Operators

End-of-day quote Nyse 23:00:00 02/05/2024 BST 5-day change 1st Jan Change
109.5 USD -2.33% Intraday chart for Apollo Global Management, Inc. -2.46% +17.46%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 10,614 11,207 17,860 36,506 52,890 62,283 - -
Enterprise Value (EV) 1 11,688 23,046 30,167 33,576 45,054 54,893 60,155 65,418
P/E ratio 21.8 x - 9.89 x - - 14.7 x 12 x -
Yield 4.93% 4.12% 2.62% 2.51% 1.85% 1.69% 1.85% 2.13%
Capitalization / Revenue 6.49 x 5.87 x 8 x 13.9 x 16.7 x 17.3 x 15.4 x 13.2 x
EV / Revenue 7.15 x 12.1 x 13.5 x 12.8 x 14.2 x 15.2 x 14.9 x 13.9 x
EV / EBITDA 8.63 x 24.8 x 15.1 x 16.8 x 7.82 x 8.32 x 7.86 x -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 8.2 x 12.8 x 4.76 x 91.6 x 3.77 x 7.97 x 5.24 x 3.16 x
Nbr of stocks (in thousands) 222,462 228,816 246,579 572,284 567,555 569,004 - -
Reference price 2 47.71 48.98 72.43 63.79 93.19 109.5 109.5 109.5
Announcement Date 30/01/20 03/02/21 11/02/22 09/02/23 08/02/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,635 1,909 2,233 2,620 3,164 3,602 4,042 4,701
EBITDA 1 1,355 928.1 2,004 2,004 5,762 6,600 7,651 -
EBIT 1 902.2 1,041 1,198 1,410 1,768 2,044 2,370 2,865
Operating Margin 55.18% 54.5% 53.66% 53.83% 55.88% 56.75% 58.64% 60.94%
Earnings before Tax (EBT) - - - - - - - -
Net income 1 806.5 - 1,802 - - 4,603 5,616 -
Net margin 49.33% - 80.68% - - 127.81% 138.95% -
EPS 2 2.190 - 7.320 - - 7.470 9.132 -
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 2.350 2.020 1.900 1.600 1.720 1.849 2.023 2.328
Announcement Date 30/01/20 03/02/21 11/02/22 09/02/23 08/02/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 551 597.5 583.7 636.7 670.5 728.6 742 793 834 795 839 883.5 917.3 961.8 939.2
EBITDA 1 - - - - 526.6 - 1,258 1,441 1,590 1,473 1,679 1,585 1,722 1,790 1,841
EBIT 1 300.1 309.1 310 341.1 364.6 394.3 397 442 472 457 462 486.4 527 558.4 541.3
Operating Margin 54.46% 51.73% 53.11% 53.57% 54.38% 54.12% 53.5% 55.74% 56.59% 57.48% 55.07% 55.06% 57.45% 58.05% 57.64%
Earnings before Tax (EBT) - - - - - - - - - - - - - - -
Net income - 234.4 - - - - - - - - - - - - -
Net margin - 39.23% - - - - - - - - - - - - -
EPS - 0.9100 -1.500 - - - - - - - - - - - -
Dividend per Share 2 0.5000 0.4000 0.4000 0.4000 0.4000 0.4000 0.4300 0.4300 0.4300 0.4300 0.4506 0.4600 0.4600 0.4600 0.4872
Announcement Date 02/11/21 11/02/22 05/05/22 04/08/22 02/11/22 09/02/23 09/05/23 03/08/23 01/11/23 08/02/24 02/05/24 - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 1,075 11,839 12,307 - - - - 3,134
Net Cash position 1 - - - 2,930 7,836 7,390 2,128 -
Leverage (Debt/EBITDA) 0.7933 x 12.76 x 6.142 x - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 69.1% 54.4% 77.9% 150% 39.2% 71.8% 45% 35.1%
ROA (Net income/ Total Assets) 15.4% 5.54% 7.5% - - 1.63% 1.98% -
Assets 1 5,254 - 24,024 - - 283,286 283,224 -
Book Value Per Share 2 5.820 3.820 15.20 0.7000 24.70 13.70 20.90 34.60
Cash Flow per Share 2 - -7.100 4.500 6.480 - 4.000 4.010 -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 30/01/20 03/02/21 11/02/22 09/02/23 08/02/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
16
Last Close Price
109.5 USD
Average target price
124.8 USD
Spread / Average Target
+13.99%
Consensus

Quarterly revenue - Rate of surprise

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