APO
ACCE-researchedOverview
ACCE thesis
Apollo manages $696 billion across private equity, credit, and real assets, generating steady management fees while taking performance-based carry on successful investments. The firm's massive scale and permanent capital base through its insurance subsidiaries creates a structural funding advantage that smaller competitors cannot replicate. Apollo's pivot toward perpetual capital vehicles accelerated in 2024, with the firm launching multiple evergreen funds that should smooth out the traditional boom-bust cycle of private equity fundraising. Management fee revenues jumped 47% year-over-year in Q3 2024 to $863 million, driven by record fundraising of $37 billion. Trading at 12.3x forward earnings despite sitting on $8.4 billion of unrealized carry that should crystallize as portfolio companies exit over the next 18 months.
- severeACCE Score CollapseScore dropped 32 points in 90 days (71→39), signaling rapid deterioration across multiple dimensions, particularly Momentum (23/100).
- highEarnings Decline SevereEarnings YoY down 57.3% with net margin at just 3.7%, while trailing P/E remains elevated at 75.7x.
- highRevenue ContractionRevenue declined 9.2% YoY, reversing strong 5-year CAGR of 26.5%, raising questions about growth sustainability.
- moderateInsider Selling OnlyLast 10 disclosed transactions show $7.3M in sales, zero buys - no insider conviction at current price levels.
Walk me through this stock
Plain-English pros, cons, and what to watch. Pro feature.
Price
Valuation
INVESTORSix independent models converge on one confidence-weighted fair value, with full methodology and editable assumptions.
- +All six models: DCF, P/E and EV/EBITDA comps, Graham, dividend discount, residual income
- +Scenario bands, sensitivity tornado, and the 5-year historical valuation range
- +Editable DCF workbench with saved scenarios
Quality
INVESTORThe full quality picture: conviction breakdown, earnings quality, score history, and backtested returns.
- +Conviction score breakdown and earnings-quality grade
- +Growth / value / quality / momentum component scores
- +90-day score history and score-threshold backtests
Analysts
Wall Street consensus
The full analyst picture: the price-target distribution against the current price, forward consensus estimates, and how ACCE's own models compare.
- +Price-target low / average / high vs the current price, with implied upside
- +Forward revenue and EPS consensus by fiscal year
- +ACCE fair-value models lined up against the Street
Smart Money
PROFollow the institutions: 13F position changes, insider trades, and active 13D activist filings.
- +Quarter-over-quarter institutional position changes
- +Recent open-market insider transactions
- +Active 13D activist filings and top holders
Compare
Where it sits vs peers
Algorithmic peers (6)
| Ticker | Company | Mcap | P/E | ROE | D/E | Yield | Quality | |
|---|---|---|---|---|---|---|---|---|
| BAM | Brookfield Asset Management Inc Class A Limited Voting Shares | $73.6B | 26.5 | 26.8% | 0.38 | 4.1% | - | Compare |
| BAM.TO | Brookfield Asset Management Ltd. | $73.5B | 26.4 | 26.8% | 0.45 | 3.0% | - | Compare |
| BN.TO | Brookfield Corporation | $83.7B | 69.1 | 2.3% | 6.24 | 0.7% | - | Compare |
| BN | Brookfield Corporation Class A Limited Voting Shares | $83.7B | 69.5 | 2.3% | 6.24 | 0.8% | - | Compare |
| KKR | KKR & Co. Inc. Common Stock | $91.3B | 31.6 | 7.3% | 1.76 | 0.8% | - | Compare |
| STT | State Street Corporation Common Stock | $50.2B | 16.1 | 12.4% | 1.04 | 2.0% | - | Compare |
Sector report card
Where APO ranks against its sector peers on each metric.
News and Record
Press releases mentioning this company
- GlobeNewswire•Sep 17, 2026Apollo Provides $1.25 Billion Capital Solution to Support Combination of BMG and Concord
- GlobeNewswire•Sep 17, 2026Daiwa House to Acquire a Significant Minority Stake in Miller Homes from Apollo Funds
- GlobeNewswire•Sep 16, 2026Apollo Funds Complete €3 Billion Capital Solution for Bayer
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