Quality Momentum

QM · rank #7 · 2026-09-11

APAM

AMSTERDAM · EUR · $4.00B (USD)

SignalHold
verdict · CAUTION

The exact numbers the algorithm saw.

Factor scores and the inputs behind this pick.
Momentum 12-1
Return from 12 months ago to 1 month ago.
+92.16%
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 2026-08-12
$48.34
Anchor (far)
Close on 2025-08-12
$25.16

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 is a leading European producer of stainless steel, electrical steel, and specialty alloys with integrated production facilities across Europe and Brazil.

Rationale

The strong momentum signal of 0.9216 is supported by a significant sequential turnaround in quality metrics, including Q2 2026 EPS rising to €1.61 from €0.04 and a positive €106 million free cash flow swing.

Material risks

  • 1Over half of the quarterly net income improvement stems from a one-off €59 million Brazil PIS/COFINS legal gain rather than recurring core operating improvements.
  • 2The commoditized nature of the steel industry leaves Aperam's margins highly exposed to potential dilution of European TRQ trade protections and persistent weakness in global end-market demand.

AI verdict council

Each pick is reviewed independently by 3 models before any order. 1 of 3 voted to proceed.

OpenAI
Caution
Claude
Caution
Gemini
Proceed