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Apollo Global Management

DB:AG31
Snowflake Description

Average dividend payer with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AG31
DB
$14B
Imp Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

Apollo Global Management, Inc. is a publicly owned investment manager. The last earnings update was 41 days ago. More info.


Add to Portfolio Compare Print
  • Apollo Global Management is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • Apollo Global Management has significant price volatility in the past 3 months.
AG31 Share Price and Events
7 Day Returns
-10.8%
DB:AG31
3%
DE Capital Markets
2.2%
DE Market
1 Year Returns
-
DB:AG31
-6.9%
DE Capital Markets
-17.2%
DE Market
AG31 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Apollo Global Management (AG31) -10.8% -22.4% - - - -
DE Capital Markets 3% -17.7% -13.1% -6.9% -24.7% -54.9%
DE Market 2.2% -15.7% -24% -17.2% -23.3% -27.8%
1 Year Return vs Industry and Market
  • No trading data on AG31.
  • No trading data on AG31.
Price Volatility
AG31
Industry
5yr Volatility vs Market

Value

 Is Apollo Global Management undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Apollo Global Management to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Apollo Global Management.

DB:AG31 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $3.60 * 37.4%
$1.35
Book Value of Equity per Share Weighted future Book Value estimates from 2 analysts. $3.60
Discount Rate (Cost of Equity) See below 4.7%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:AG31
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.75
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.753 (1 + (1- 21%) (27.29%))
0.943
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.94
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (0.943 * 5.44%)
4.74%

Discounted Cash Flow Calculation for DB:AG31 using Excess Returns Model Model

The calculations below outline how an intrinsic value for Apollo Global Management is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

DB:AG31 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (37.4% – 4.74%) * $3.60)
$1.18
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $1.18 / (4.74% - -0.39%)
$22.91
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $3.60 + $22.91
$26.51
DB:AG31 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:AG31 represents 0.99466x of NYSE:APO
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99466x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 26.51 x 0.99466
€26.37
Value per share (EUR) From above. €26.37
Current discount Discount to share price of €29.80
= -1 x (€29.80 - €26.37) / €26.37
-13%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Apollo Global Management is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Apollo Global Management's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Apollo Global Management's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:AG31 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $3.72
NYSE:APO Share Price ** NYSE (2020-04-01) in USD $29.96
Germany Capital Markets Industry PE Ratio Median Figure of 16 Publicly-Listed Capital Markets Companies 22.55x
Germany Market PE Ratio Median Figure of 398 Publicly-Listed Companies 16.76x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Apollo Global Management.

DB:AG31 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:APO Share Price ÷ EPS (both in USD)

= 29.96 ÷ 3.72

8.04x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Apollo Global Management is good value based on earnings compared to the DE Capital Markets industry average.
  • Apollo Global Management is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Apollo Global Management's expected growth come at a high price?
Raw Data
DB:AG31 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.04x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
Not available
Germany Capital Markets Industry PEG Ratio Median Figure of 6 Publicly-Listed Capital Markets Companies 1.59x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.18x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Apollo Global Management, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Apollo Global Management's assets?
Raw Data
DB:AG31 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $5.82
NYSE:APO Share Price * NYSE (2020-04-01) in USD $29.96
Germany Capital Markets Industry PB Ratio Median Figure of 31 Publicly-Listed Capital Markets Companies 1.5x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.44x
DB:AG31 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:APO Share Price ÷ Book Value per Share (both in USD)

= 29.96 ÷ 5.82

5.15x

* Primary Listing of Apollo Global Management.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Apollo Global Management is overvalued based on assets compared to the DE Capital Markets industry average.
X
Value checks
We assess Apollo Global Management's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Apollo Global Management has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

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

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-19.9%
Expected annual growth in revenue.
Earnings growth vs Low Risk Savings
Is Apollo Global Management expected to grow at an attractive rate?
  • Unable to compare Apollo Global Management's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Apollo Global Management's earnings growth to the Germany market average as no estimate data is available.
  • Apollo Global Management's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:AG31 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:AG31 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts -19.9%
Germany Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 39.4%
Germany Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 0.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:AG31 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:AG31 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 1,285 1
2021-12-31 2,048 9
2020-12-31 1,867 1,167 9
2020-04-02
DB:AG31 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 2,833 1,083 771
2019-09-30 1,817 878 419
2019-06-30 1,644 870 240
2019-03-31 1,539 1,065 142
2018-12-31 1,034 814 -60
2018-09-30 2,079 960 319
2018-06-30 2,275 835 357
2018-03-31 2,203 678 387
2017-12-31 2,719 860 595
2017-09-30 2,476 712 577
2017-06-30 2,269 733 477
2017-03-31 2,483 715 560

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Apollo Global Management is high growth as no earnings estimate data is available.
  • Apollo Global Management's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:AG31 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below

All data from Apollo Global Management Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:AG31 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31
2020-04-02
DB:AG31 Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 3.72
2019-09-30 2.08
2019-06-30 1.20
2019-03-31 0.71
2018-12-31 -0.30
2018-09-30 1.61
2018-06-30 1.82
2018-03-31 1.99
2017-12-31 3.12
2017-09-30 3.06
2017-06-30 2.55
2017-03-31 3.03

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Apollo Global Management is expected to make outstanding use of shareholders’ funds in the future (Return on Equity greater than 40%).
X
Future performance checks
We assess Apollo Global Management's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Apollo Global Management has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Apollo Global Management performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Apollo Global Management's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Apollo Global Management has delivered over 20% year on year earnings growth in the past 5 years.
  • Apollo Global Management has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Apollo Global Management has become profitable in the last year making it difficult to compare the DE Capital Markets industry average.
Earnings and Revenue History
Apollo Global Management's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Apollo Global Management Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:AG31 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 2,833.48 771.31 1,549.83
2019-09-30 1,816.74 419.29 1,059.88
2019-06-30 1,644.38 239.82 1,017.47
2019-03-31 1,539.25 141.69 1,009.70
2018-12-31 1,033.69 -60.16 854.73
2018-09-30 2,078.68 319.47 1,166.16
2018-06-30 2,274.57 356.84 1,205.73
2018-03-31 2,202.93 386.81 1,161.22
2017-12-31 2,718.93 594.92 1,297.26
2017-09-30 2,476.44 577.20 1,280.58
2017-06-30 2,268.92 476.61 1,199.64
2017-03-31 2,483.05 559.86 1,280.53
2016-12-31 2,030.08 388.02 1,082.01
2016-09-30 1,440.53 229.89 937.60
2016-06-30 1,135.37 174.49 846.08
2016-03-31 828.97 58.58 742.07
2015-12-31 1,011.60 106.00 801.71
2015-09-30 1,093.60 109.76 762.90
2015-06-30 1,121.60 65.87 756.48
2015-03-31 1,344.99 65.13 868.84
2014-12-31 1,537.69 96.16 964.29
2014-09-30 2,057.84 227.34 1,109.04
2014-06-30 2,969.00 396.98 1,493.47
2014-03-31 2,891.04 395.19 1,458.52
2013-12-31 3,704.31 564.76 1,858.21
2013-09-30 4,067.32 572.18 2,083.68
2013-06-30 3,647.65 480.87 2,020.56

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Whilst Apollo Global Management made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%), this is metric is skewed due to its high level of debt.
  • Apollo Global Management used its assets more efficiently than the DE Capital Markets industry average last year based on Return on Assets.
  • Unable to establish if Apollo Global Management improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Apollo Global Management's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Apollo Global Management has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Apollo Global Management's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Apollo Global Management's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Apollo Global Management is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Apollo Global Management's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Apollo Global Management's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Apollo Global Management Company Filings, last reported 3 months ago.

DB:AG31 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 3,038.13 3,500.84 1,601.78
2019-09-30 2,842.43 3,177.35 1,284.62
2019-06-30 2,540.99 3,210.56 1,012.81
2019-03-31 2,442.24 2,750.05 768.27
2018-12-31 2,451.84 2,216.59 659.81
2018-09-30 2,993.83 2,242.54 908.19
2018-06-30 2,821.98 2,238.93 1,152.40
2018-03-31 2,906.76 2,389.54 1,063.25
2017-12-31 2,897.80 2,366.00 844.66
2017-09-30 2,591.98 2,335.12 975.07
2017-06-30 2,353.19 2,244.29 1,115.53
2017-03-31 2,347.79 2,151.66 1,144.30
2016-12-31 1,867.53 2,140.16 849.01
2016-09-30 1,610.87 2,194.70 980.42
2016-06-30 1,514.71 2,177.32 887.25
2016-03-31 1,186.99 1,880.63 575.62
2015-12-31 1,388.98 1,826.53 669.30
2015-09-30 1,519.42 1,856.75 865.73
2015-06-30 1,598.96 1,862.76 919.52
2015-03-31 5,798.77 15,713.63 1,600.08
2014-12-31 5,943.46 15,151.07 2,293.00
2014-09-30 6,168.91 15,101.68 2,314.21
2014-06-30 6,667.18 13,178.02 2,283.04
2014-03-31 6,786.92 13,278.26 2,180.10
2013-12-31 6,688.72 13,173.96 2,173.29
2013-09-30 6,385.50 12,842.77 2,160.43
2013-06-30 6,237.05 11,572.94 2,720.58
  • Apollo Global Management's level of debt (115.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (255.1% vs 115.2% today).
  • Debt is well covered by operating cash flow (30.9%, greater than 20% of total debt).
  • Unable to confirm if the interest payments on Apollo Global Management's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Apollo Global Management's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Apollo Global Management has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Apollo Global Management's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
7.84%
Current annual income from Apollo Global Management dividends. Estimated to be 8.13% next year.
If you bought €2,000 of Apollo Global Management shares you are expected to receive €157 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Apollo Global Management's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.65%).
  • Apollo Global Management's dividend is above the markets top 25% of dividend payers in Germany (4.87%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:AG31 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
Germany Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 3.2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 322 Stocks 3.8%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:AG31 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 2.68 5.00
2021-12-31 2.61 15.00
2020-12-31 2.20 16.00
2020-04-02
DB:AG31 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-01-30 2.350 6.128
2019-03-01 1.830 5.050
2018-02-01 2.060 6.693
2017-02-03 1.420 5.057
2016-02-29 1.380 7.789
2016-02-03 1.380 9.836
2015-07-29 1.680 9.902
2015-05-07 1.320 6.059
2015-02-27 2.890 13.096
2015-02-05 2.890 12.247
2014-10-30 3.110 13.222
2014-08-11 3.470 14.868
2014-08-06 3.470 14.025
2014-05-12 4.410 16.695
2013-11-08 4.220 13.690
2013-11-07 3.950 12.438
2013-08-08 3.340 11.401
2013-05-07 2.260 9.078
2013-05-06 2.260 8.428
2013-03-01 1.940 8.040
2013-02-08 1.940 8.674
2012-11-09 1.350 7.702
2012-08-02 1.150 8.084
2012-05-08 1.150 9.259
2012-02-10 1.120 8.099
2011-11-03 0.730 5.497
2011-08-09 0.280 2.390
2011-05-12 0.280 1.681

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Apollo Global Management has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Apollo Global Management only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Apollo Global Management's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.2x coverage).
X
Income/ dividend checks
We assess Apollo Global Management's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Apollo Global Management afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Apollo Global Management has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Apollo Global Management's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Leon Black
COMPENSATION $260,175
AGE 67
TENURE AS CEO 30.3 years
CEO Bio

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, L.P. He 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 he founded in 1990 to manage investment capital on behalf of a group of institutional investors, focusing on corporate restructuring, leveraged buyouts, and taking minority positions in growth-oriented companies. Mr. Black founded Lion Advisors L.P. He also co-founded Melanoma Research Alliance and Apollo Real Estate Advisors L.P. He has been the Chairman of the board at Telemundo Group, Inc. since December 30, 1994. Mr. Black serves as Member of International Advisory Board of Russian Direct Investment Fund. Mr. Black also serves as a Director of The Partnership for New York City, Inc. and as a Member of the Board of Directors of The New York City Partnership. He is General Partner of AP Alternative Assets. He is Director of Mount Sinai Children's Center Foundation. Mr. Black is also a Member of the Boards of FasterCures and the Port Authority Task Force. Mr. Black is Co-Chairman of The Museum of Modern Art, Mt. Sinai Hospital, and The Asia Society. He is a member of The Council on Foreign Relations and a Member of the Board of Faster Cures. Mr. Black served as a Managing Director, Head of Mergers and Acquisitions Group and Co-Head of Corporate Finance at New Street Capital Corporation. From 1977 to 1990, Mr. Black worked at Drexel Burnham Lambert Incorporated, where he served as Managing Director, head of the Mergers & Acquisitions Group and Co-Head of the Corporate Finance Department. He was employed at the firm from 1977 to 1990. Mr. Black has vast experience making and managing private equity investments and experience in financing, analyzing and investing in public and private companies. Mr. Black served on the Board of Directors of AAA Guernsey Limited. Previously, Mr. Black served as a Director of Sirius XM Holdings Inc. from June 2001 to January 18, 2013. He also served as a Director of Wind International, Inc. since June 1999, United Rentals, Inc. from January 1999 to June 10, 2008 and Allied Waste Industries, Inc. from May 2000 to March 16, 2006. Mr. Black served as a Director of AMC Entertainment Inc. from April 19, 2001 to December 2004, Vail Resorts Inc., United Rentals (North America), Inc. since January 1999, Sequa Corporation since 1997 and Samsonite International S.A. from 1993 to September 17, 2002. He served as a Director at Nalco Holding Co. from June 2004 to August 2005 and Culligan International Company since September 1995. Mr. Black received an M.B.A. degree from Harvard Business School in 1975 and graduated summa cum laude from Dartmouth College in 1973 with a major in Philosophy and History.

CEO Compensation
  • Leon's compensation has increased in line with Apollo Global Management recently becoming profitable.
  • Leon's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Apollo Global Management management team in years:

5.3
Average Tenure
56
Average Age
  • The average tenure for the Apollo Global Management management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Leon Black

TITLE
Founder
COMPENSATION
$260K
AGE
67
TENURE
30.3 yrs

Scott Kleinman

TITLE
Co-President
COMPENSATION
$19M
AGE
46
TENURE
2.3 yrs

Josh Harris

TITLE
Co-Founder & Director
AGE
54

Martin Kelly

TITLE
CFO & Co-COO
COMPENSATION
$6M
AGE
51
TENURE
8.3 yrs

Anthony Civale

TITLE
Co-COO & VP
COMPENSATION
$3M
AGE
44
TENURE
1.3 yrs

John Suydam

TITLE
Chief Legal Officer
COMPENSATION
$4M
AGE
59
TENURE
14.3 yrs

Marc Rowan

TITLE
Co-Founder
AGE
56

Michael Konigsberg

TITLE
President & Head of Capital Markets

Jim Zelter

TITLE
Co-President
COMPENSATION
$85M
AGE
57
TENURE
2.3 yrs

Peter Copses

TITLE
Senior Partner
AGE
61
Board of Directors Tenure

Average tenure and age of the Apollo Global Management board of directors in years:

9.2
Average Tenure
68.5
Average Age
  • The tenure for the Apollo Global Management board of directors is about average.
Board of Directors

Leon Black

TITLE
Founder
COMPENSATION
$260K
AGE
67
TENURE
30.3 yrs

Josh Harris

TITLE
Co-Founder & Director
AGE
54

Pauline D. Richards

TITLE
Independent Director
COMPENSATION
$277K
AGE
70
TENURE
9.1 yrs

Sanjiv Misra

TITLE
Chairman of the Asia Pacific Advisory Board
AGE
59

Marc Rowan

TITLE
Co-Founder
AGE
56
TENURE
12.8 yrs

Mike Ducey

TITLE
Independent Director
COMPENSATION
$277K
AGE
70
TENURE
8.9 yrs

Buzzy Krongard

TITLE
Independent Director
COMPENSATION
$262K
AGE
82
TENURE
9.3 yrs

Robert Kraft

TITLE
Independent Director
COMPENSATION
$227K
AGE
77
TENURE
5.9 yrs
Who owns this company?
Recent Insider Trading
  • Apollo Global Management individual insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
24. Mar 20 Buy Michael Ducey Individual 20. Mar 20 20. Mar 20 2,185 €25.22 €55,105
05. Mar 20 Sell Marc Rowan Individual 03. Mar 20 05. Mar 20 -430,383 €38.85 €-16,525,145
02. Mar 20 Sell Marc Rowan Individual 27. Feb 20 02. Mar 20 -679,713 €39.15 €-25,870,351
26. Feb 20 Sell Marc Rowan Individual 24. Feb 20 26. Feb 20 -145,388 €41.47 €-5,909,780
21. Feb 20 Sell Marc Rowan Individual 19. Feb 20 21. Feb 20 -252,352 €42.88 €-10,805,819
21. Feb 20 Sell Anthony Civale Individual 19. Feb 20 20. Feb 20 -162,688 €43.19 €-7,023,739
14. Feb 20 Sell Anthony Civale Individual 12. Feb 20 12. Feb 20 -1,760 €43.15 €-75,946
13. Feb 20 Sell Marc Rowan Individual 11. Feb 20 12. Feb 20 -28,950 €43.10 €-1,245,864
11. Feb 20 Sell Anthony Civale Individual 11. Feb 20 11. Feb 20 -2,538 €43.08 €-109,327
08. Feb 20 Sell Marc Rowan Individual 05. Feb 20 07. Feb 20 -366,449 €44.01 €-15,905,877
16. Jan 20 Sell Tiger Global Management LLC Company 14. Jan 20 14. Jan 20 -3,750,000 €44.10 €-165,375,128
09. Sep 19 Sell Martin Kelly Individual 05. Sep 19 05. Sep 19 -4,000 €36.17 €-144,679
X
Management checks
We assess Apollo Global Management's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Apollo Global Management has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

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

Details
Name: Apollo Global Management, Inc.
AG31
Exchange: DB
Founded: 1990
$12,434,645,185
$6,329,389,775
405,886,756
Website: http://www.apollo.com
Address: Apollo Global Management, Inc.
9 West 57th Street,
43rd Floor,
New York,
New York, 10019,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE APO Class A Common Stock New York Stock Exchange US USD 30. Mar 2011
DB AG31 Class A Common Stock Deutsche Boerse AG DE EUR 30. Mar 2011
BMV APO * Class A Common Stock Bolsa Mexicana de Valores MX MXN 30. Mar 2011
XNYS APO Class A Common Stock New York Stock Exchange, Inc. Floor US USD 30. Mar 2011
NYSE APO.PRB 6.375% PFD SER B New York Stock Exchange US USD 14. Mar 2018
NYSE APO.PRA 6.375% PFD SER A New York Stock Exchange US USD 28. Feb 2017
Number of employees
Current staff
Staff numbers
1,421
Apollo Global Management employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/02 01:14
End of day share price update: 2020/04/01 00:00
Last estimates confirmation: 2020/03/31
Last earnings filing: 2020/02/21
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.