APM.TO (APM) Fair Value & Analysis
Basic Materials · CA · Market cap C$883M (≈ $638M)
What is APM.TO really worth?
A strong business, but trading 73% above our fair value of C$4.32.
Strengths
Risks
Fair value as of: Aug 30, 2026
From 24 valuation models · updated 6 days ago
Fair value updated Aug 30, 2026, revised from C$8.94 to C$4.32 (−51.7%) since Aug 13, 2026. Share price +17.9% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- A high-quality business (quality 78/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
- The price sits above even our optimistic bull case (C$5.38). The favourable scenario is already priced in.
- A fairly wide model range (C$2.60 to C$5.38) leaves room in how you read the outcome.
Price vs Fair Value (20 months)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 30, 2026.
How to read this chart
20‑month range C$1.12 – C$11.61 · fair‑value band C$2.60 – C$5.38 · the C$7.45 price screens above the C$4.32 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 30, 2026.
Analysis
APM.TO (APM) currently trades at C$7.45, while our model-based Fair Value estimate is C$4.32, implying the stock looks roughly 72.6% overvalued today. The Quality Score stands at 78/100 (high quality), in the Basic Materials sector. Bull case: the Growth Earnings group reads highest at a median of C$33.78 per share, and 17 of the 24 models we run sit above the C$7.45 price. Bear case: the Asset-Based group reads lowest at C$1.17, and 7 of the 24 models stay below the price. Evidence for this calculation is medium.
Over the trailing twelve months, APM.TO generated revenue of C$461M at a net margin of 32.9%. Revenue grew 163.2% year over year. It earns a return on equity of 63.3%. The balance sheet holds a net cash position of C$34.4M. Fundamentals as of Aug 30, 2026
Our scenario range runs from C$2.60 (bear case) to C$5.38 (bull case); at C$7.45, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 41% below its 52-week high and 185% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at −82% fair-value upside, at −42%, APM screens cheaper than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly C$0.9339 per share, which is 21.6 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 24 models by family
Widest divergence: Growth Earnings (C$33.78) versus Asset-Based (C$1.17). Highest evidence: FCF DCF (75).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 30, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 76 · Market factors (momentum, volatility) 28
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Andean Precious Metals Corp. engages in the acquisition, exploration, development, and processing of mineral resource properties in the United States. The company primarily explores for gold and silver deposits. It holds 100% interest in San Bartolomé project in Bolivia; and the Soledad Mountain mine and heap leach located in Kern County, California.
Full company description
Andean Precious Metals Corp. engages in the acquisition, exploration, development, and processing of mineral resource properties in the United States. The company primarily explores for gold and silver deposits. It holds 100% interest in San Bartolomé project in Bolivia; and the Soledad Mountain mine and heap leach located in Kern County, California. The company is based in Toronto, Canada. Andean Precious Metals Corp. operates as a subsidiary of PMB Partners LP.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
APM.TO reported revenue of $360M in FY2025 versus $144M in FY2021, a compound +25.7%/yr. Reported net income was $118M in FY2025, compounding +129.4%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
APM screens 73% overvalued. Compare with First Majestic Silver Corp →
Peer Group
Materials · 3588 stocks
How this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Silver” was too small, so the broader sector is used.)
Valuation Multiples vs Materials median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Insider activity: 40/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Silver stocks, each showing price versus our Fair Value estimate (as of Aug 30, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| First Majestic Silver Corp AG | $21.74 | $5.78 | −73% |
| Discovery Silver Corp DSV | C$12.48 | C$3.82 | −69% |
| Aya Gold & Silver Inc AYA | C$40.53 | C$7.46 | −82% |
| Endeavour Silver Corp EDR | C$15.65 | C$1.76 | −89% |
| Silvercorp Metals Inc SVM | $13.11 | $7.70 | −41% |
| Apollo Silver Corp APGO | C$3.21 | C$0.5200 | −84% |
| Sotkamo Silver AB SOSI1 | €0.4290 | €0.1700 | −60% |
| Minaurum Silver Inc MGG | C$0.2900 | C$0.0400 | −86% |
| Argenta Silver Corp AGAG | C$0.5350 | C$0.0600 | −89% |
| Excellon Resources Inc EXN | C$0.3900 | C$0.0600 | −85% |
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