QM · rank #9 · 2026-09-08
APAM
AMSTERDAM · EUR · $4.00B (USD)
The exact numbers the algorithm saw.
| Momentum 12-1 Return from 12 months ago to 1 month ago. | +83.51% |
|---|---|
| ROE TTM Return on equity, trailing 12 months. | +4.0% |
| Profit margin Net profit margin, trailing 12 months. | +2.1% |
| Market cap (USD) Size filter: > $300M required (USD-equivalent). | $4.00B |
| Anchor (recent) Close on 2026-08-07 | $45.61 |
| Anchor (far) Close on 2025-08-08 | $24.85 |
The AI research card
Independent qualitative review of each pick before the order is placed. On the rare day the research service is unavailable, the paper book trades on the quant ranking alone and no card appears here.
Summary
Aperam SA (APAM) is a European stainless and electrical steel producer with services and alloys operations, currently benefiting from better pricing, trade protection and a strong Q2 2026 earnings rebound.
Rationale
The quant signal looks plausible because APAM combines very strong 12-1 momentum with sharply improved profitability, positive free cash flow, and deleveraging, which fits a quality_momentum setup despite the low absolute ROE/margin starting point.
Material risks
- 1The business remains exposed to weak stainless/specialty steel demand and trade-policy shifts, so any renewed import pressure or TRQ dilution could quickly compress margins and utilization.
- 2Q2 strength was partly supported by a €59 million Brazil PIS/COFINS legal gain, so some of the earnings step-up may not repeat if underlying pricing or volumes soften.
AI verdict council
Each pick is reviewed independently by 3 models before any order. 1 of 3 voted to proceed.