Apollo Global Management (APO) AI Stock Analysis

• Market Cap: $75.64B
• Dividend Yield: 1.54%
• Average Volume (3M): 2.92M
• Price to Earnings (P/E): 23.4
• Beta (1Y): 1.73
• Revenue Growth: -27.96%
• EPS Growth: -37.13%
• Country: US
• Employees: 5,141
• Sector: Financial
• Sector Strength: 74
• Industry: Asset Management - Global
• EPS (TTM): 1.82
• Shares Outstanding: 571,494,260
• 10 Day Avg. Volume: 2,568,072
• 30 Day Avg. Volume: 2,924,601
• PEG Ratio: 0.13
• Price to Book (P/B): 20.18
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 10.40
• Enterprise Value/Market Cap: 0.52
• Enterprise Value/Revenue: 0.36
• Enterprise Value/Gross Profit: 1.76
• Enterprise Value/Ebitda: 1.15
• 1Y Price Target: $156.14
• Price Target Upside: 17.32% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 14

• Rating: 72 Outperform
• Price Target: $148.00 ▲(11.20%Upside)

Apollo Global Management's strong financial health and positive corporate governance changes are significant positives. However, challenges in revenue growth, cash flow volatility, and competitive pressures slightly temper the overall outlook.

Positive Factors

Interest Rates

Higher interest rates are expected to serve as a relative tailwind for Apollo Global compared to its peers, benefiting its spread and private credit returns.

Market Sentiment

Price target for Apollo Global Management is increased by 3% to $135, reflecting a positive market sentiment.

Strategic Acquisitions

APO acquiring BRDG for $1.5b in an all equity deal that adds approximately $33b AUM to APO's existing $77b real estate platform.

Negative Factors

Financial Performance

There is a modest shortfall in financial results compared to consensus, indicating potential risks.

Fundraising Challenges

Apollo Global reported mixed results with a miss on fundraising and strategic real estate due to higher liability costs.

Growth Expectations

In 2025, APO targets FRE growth of 15-20%, which is below the 5Y guidance of 20%.

Apollo Global Management Business Overview & Revenue Model

Company Description

Apollo Global Management, Inc. (APO) is a leading global alternative investment manager. The company operates across three primary business segments: Private Equity, Credit, and Real Assets. Apollo provides a range of investment services to institutional investors, including pension funds, endowments, and sovereign wealth funds, as well as to individual investors. With a focus on long-term value creation, Apollo manages a diverse array of funds and investment vehicles that encompass various asset classes and geographies.

How the Company Makes Money

Apollo Global Management generates revenue primarily through management fees, performance fees, and investment income. Management fees are earned based on a percentage of the assets under management (AUM) across its investment funds. Performance fees, or carried interest, are earned when the funds exceed certain return thresholds, aligning the firm's interests with those of its investors. Additionally, Apollo invests its own capital alongside its clients, generating investment income from these proprietary investments. The firm's earnings are also influenced by strategic partnerships, co-investments, and its ability to leverage its extensive industry expertise and global network to identify and capitalize on investment opportunities.

Apollo Global Management Financial Statement Overview

Summary

Apollo Global Management displays strong financial health with robust profitability and a solid balance sheet. Despite some challenges with revenue growth and volatility in cash flows, the company remains well-positioned in the asset management industry with a sound capital structure and efficient operations.

Income Statement

Apollo Global Management demonstrates strong profitability with a solid gross profit margin and positive net income. However, recent revenue growth has been negative, which could indicate challenges in growing the top line. The EBIT and EBITDA margins suggest efficient operations, but the decline in net income compared to prior periods is a concern.

Balance Sheet

The company maintains a strong balance sheet with a high level of cash and short-term investments. The debt-to-equity ratio is relatively low, indicating manageable leverage. The return on equity is positive, suggesting effective use of shareholder capital, and the equity ratio is strong, reflecting stability and financial health.

Cash Flow

Operating cash flow is consistently positive, which is a positive indicator of cash generation from operations. However, free cash flow growth has been inconsistent, and the reliance on financing activities indicates potential risks if external funding becomes constrained. The cash flow to net income ratios highlight efficient cash conversion, although recent trends show some volatility.

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
24.62B	26.11B	32.64B	10.97B	5.95B	2.35B
	Gross Profit
22.44B	23.51B	31.62B	10.04B	5.17B	1.73B
	EBIT
7.33B	7.33B	28.35B	-3.84B	2.63B	1.41B
	EBITDA
7.81B	8.41B	9.12B	-1.69B	2.66B	1.43B
	Net Income Common Stockholders
3.59B	4.58B	5.05B	-1.96B	1.84B	157.00M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
216.43B	205.98B	170.24B	1.31B	917.18M	2.45B
	Total Assets
395.05B	377.89B	313.49B	13.79B	30.50B	23.67B
	Total Debt
10.58B	10.59B	8.09B	3.53B	3.64B	14.62B
	Net Debt
-2.72B	-5.58B	-7.84B	2.22B	2.72B	12.17B
	Total Liabilities
362.70B	347.57B	288.24B	9.30B	20.31B	17.37B
	Stockholders Equity
17.98B	17.25B	14.04B	1.85B	3.79B	1.43B
Cash Flow		Free Cash Flow
3.55B	3.25B	6.32B	3.59B	999.31M	-1.68B
	Operating Cash Flow
3.55B	3.25B	6.32B	3.79B	1.06B	-1.62B
	Investing Cash Flow
-62.66B	-61.80B	-42.41B	-23.44B	-1.55B	-837.66M
	Financing Cash Flow
54.91B	57.97B	42.64B	28.71B	109.00M	3.30B

Apollo Global Management Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 133.09
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For APO, the sentiment is Negative. The current price of 133.09 is above the 20-day moving average (MA) of 132.60, above the 50-day MA of 132.29, and below the 200-day MA of 144.53, indicating a neutral trend. The MACD of -0.08 indicates Positive momentum. The RSI at 48.58 is Neutral, neither overbought nor oversold. The STOCH value of 33.88 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for APO.

Apollo Global Management Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NU	75 Outperform	$58.98B	27.33	27.91%	―	33.20%	68.09%
CG	73 Outperform	$16.65B	15.57	20.38%	3.04%	81.86%	―
APO	72 Outperform	$75.64B	23.38	21.17%	1.54%	-27.96%	-37.13%
OWL	72 Outperform	$28.65B	187.11	4.62%	4.82%	32.99%	8.06%
ARES	71 Outperform	$53.94B	95.47	12.97%	2.71%	19.02%	-22.75%
KKR	68 Neutral	$109.91B	53.50	9.03%	0.60%	-27.45%	-46.67%
Sector *	64 Neutral	$12.77B	9.78	7.84%	78.83%	12.06%	-7.99%

Apollo Global Management Corporate Events

Apollo Global Management Holds Annual Stockholders Meeting

On June 6, 2025, Apollo Global Management held its Annual Meeting of Stockholders, where several key decisions were made. The election of board members resulted in the appointment of fifteen directors for a one-year term, with most nominees receiving strong support from stockholders. Additionally, Deloitte & Touche LLP was ratified as the company’s independent registered public accounting firm for the fiscal year ending December 31, 2025. These decisions are expected to influence the company’s governance and financial oversight, potentially impacting its strategic direction and stakeholder confidence.

The most recent analyst rating on (APO) stock is a Buy with a $129.00 price target. To see the full list of analyst forecasts on Apollo Global Management stock, see the APO Stock Forecast page.

Apollo Global Management Issues Regulatory Clarification

Apollo Global Management has issued a Current Report on Form 8-K, clarifying that the information provided is not considered ‘filed’ under the Securities Exchange Act of 1934. This announcement outlines the legal framework for how the information is to be treated, potentially affecting how stakeholders perceive the company’s regulatory obligations.

The most recent analyst rating on (APO) stock is a Buy with a $129.00 price target. To see the full list of analyst forecasts on Apollo Global Management stock, see the APO Stock Forecast page.

Apollo Global Management Announces Board Leadership Changes

Apollo Global Management announced significant changes to its Board of Directors, effective April 21, 2025. Gary Cohn, former Vice Chairman of IBM and a seasoned financial services leader, has been appointed as the Lead Independent Director, filling the vacancy left by Jay Clayton, who will become the Interim US Attorney for the Southern District of New York. Additionally, CEO Marc Rowan has been appointed as the Chair of the Board, reflecting Apollo’s commitment to strong governance and strategic leadership. These changes are expected to enhance Apollo’s governance and support its growth strategy in the financial services industry.

Apollo Global Management Announces Q1 2025 Investment Estimates

Apollo Global Management, Inc. and its subsidiary Athene Holding Ltd. have announced preliminary estimates for their alternative net investment income for the first quarter ending March 31, 2025. The company anticipates approximately $290 million in pre-tax income, translating to an estimated 9% annualized return on alternative net investments. Athene’s investments in a pooled vehicle are expected to yield a 10% return, while other investments, including retirement services platforms, are estimated to return 6%. These figures are preliminary and subject to change, as the financial closing procedures are not yet complete, and the results have not been audited.