Apollo Global Management Inc. (APO) vs Brookfield Asset Management Ltd. (BAM)

Apollo Global Management Inc. and Brookfield Asset Management Ltd. are both Asset Management companies. Brookfield Asset Management Ltd. is the larger, with a market value of $85.9B against $69.3B — 1.2× the size. Apollo Global Management Inc. has negative trailing earnings, so its P/E is not meaningful; Brookfield Asset Management Ltd. trades at 30.3×. Brookfield Asset Management Ltd. grew revenue faster over the last twelve months: 31.9% against 12.2%. Brookfield Asset Management Ltd. has the higher net margin (48.9% vs −3.22%) and the higher return on invested capital (19.7% vs 6.57%). Both pay a dividend; Brookfield Asset Management Ltd. yields more (3.69% vs 1.82%). Across the 19 metrics below, Brookfield Asset Management Ltd. leads on 10 and Apollo Global Management Inc. on 9.

Valuation

Metric APO BAM Asset Management median
P/E n/m 30.26 13.38
P/S 2.30 14.66 2.99
P/B 1.96 9.16 0.91
Price to free cash flow 7.54 38.52 7.79
EV/EBITDA — — —
EV/Sales — — —
Earnings yield (1.60%) 3.30% 4.67%
Free cash flow yield 13.26% 2.60% 4.85%

Profitability

Metric APO BAM Asset Management median
Gross margin 100.00% 100.00% 100.00%
Operating margin 10.86% 61.57% 27.27%
Net margin (3.22%) 48.89% 11.89%
Free cash flow margin 0.00% 40.81% 5.96%
Return on equity (2.66%) 30.56% 4.57%
Return on assets (0.21%) 15.49% 1.40%
Return on invested capital 6.57% 19.65% 2.12%

Growth

Metric APO BAM Asset Management median
Revenue growth (TTM) 12.19% 31.85% 7.26%
EPS growth (last fiscal year) (24.42%) 14.29% (5.64%)
Revenue growth, 5-year CAGR 68.58% 16.19% 11.84%
Net income growth, 5-year CAGR 95.13% 43.87% 0.00%

Health

Metric APO BAM Asset Management median
Debt to equity 0.42 0.44 0.40
Current ratio 1.41 0.75 1.23
Net debt to EBITDA (0.84) 0.32 1.06

Dividend

Metric APO BAM Asset Management median
Dividend yield 1.82% 3.69% 6.43%
Payout ratio 0.79 1.13 0.91

Size

Metric APO BAM Asset Management median
Market cap 69.25b 85.94b 692.54m

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack