Apollo Commercial Real Estate Finance, Inc.

Real Estate
Real Estate Investment Trusts
www.apollocref.com

Earnings Score
Moat Score

Market Cap $1.28B
PE -10
Debt $NaN
Cash $194.29M
EV $NaN
FCF $NaN

Earnings

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Sales & Net Margins

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Earnings	-$126.02M
EBIT	-$113.54M
ROE	-7%
ROA	-1%
Equity	$1.87B
Growth Stability	3%
PE	-10.17
PEG	-1.51
PB	0.69
P/S	4.04
Price/Cash	0.15
Net Margins	-73%
Op. Margins	-36%
Earnings CAGR	-2%
Sales Growth YoY	-12%
Sales Growth QoQ	-12%
Sales CAGR	0%
Equity CAGR	6%
Earnings Stability	0
Earnings Growth YoY	-320%

Earnings Growth QoQ	-389%
Earnings CAGR 5Y	7%
Sales CAGR 5Y	6%
Equity CAGR 5Y	-4%
Earnings CAGR 3Y	8%
Sales CAGR 3Y	8%
Equity CAGR 3Y	-6%
Market Cap	$1.28B
Revenue	$317.37M
Dividend Yield	16%
Payout Ratio	-160%
Assets	$9.10B
Cash	$194.29M
Shares Outstanding	137.8M
Earnings Score	6%
Moat Score	5%
Shares Growth 3y	-0%
Equity Growth QoQ	-6%
Equity Growth YoY	-16%

Assets & ROA

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Stockholders Equity & ROE

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Apollo Commercial Real Estate Finance Inc is a real estate investment trust that primarily originates, invests in, acquires, and manages commercial first-mortgage loans, subordinate financings, commercial mortgage-backed securities, and other real estate-related debt investments. The subordinate loans and first-mortgage loans account for the vast majority of the portfolio on a cost basis. Property types include residential, retail, healthcare, office, mixed-use, hotel, industrial, multifamily, securities, and other, with residential properties and hotels representing the highest property value. More than a third of the properties are located in New York City, with the other properties located across other regions of the United States, as well as other countries.

SEC Filings

Direct access to Apollo Commercial Real Estate Finance, Inc. (ARI) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Apollo Commercial Real Estate Finance, Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Apollo Commercial Real Estate Finance, Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR -2%

Stability 0%

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Apollo Commercial Real Estate Finance, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Apollo Commercial Real Estate Finance, Inc..

Years

Calculation mode

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
DCF		$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Value	$0

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	-	-	-	-	-	63%	2%	74%	83%	13%	-73%
ROA	-	-	-	-	-	-	-	-	3%	1%	-1%
ROE	-	7%	7%	7%	8%	8%	0%	9%	11%	2%	-7%

Bad Net Margins (-72.68%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	-	-	-	-	-	-	-	-	-	-
Debt over Equity	-	-	-	-	-	-	-	-	-	-	-
Growth Stability	-	-	-	100%	100%	100%	3%	100%	100%	29%	3%

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Neutral Debt/Equity ratio (-)

The company has a balance between equity and debt that is not too good nor too bad.

Bad Graham’s Stability (3%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	-	-	-	-	-	-17%	2%	7%	13%	6%
Earnings YoY growth	-	21%	40%	22%	23%	10%	-98%	4K%	20%	-82%	7%
Equity YoY growth	-	61%	40%	8%	20%	5%	-14%	1%	3%	-6%	-4%
FCF YoY growth	-	-	-	-	-	-	-	-	-	-	-