Apollo Global Management, Inc.

AI-generated fair value estimate for this company.

Method: 10-year DCF on adjusted net income (ANI): $4.2B TTM ANI base (normalized proxy for Apollo's alternative-asset-manager fee earnings plus Athene spread-related insurance earnings, excluding GAAP insurance mark-to-market noise); 13% growth yrs 1-5; 8% yrs 6-10; 10% discount rate; 4% terminal growth; 590.54M shares outstanding; ANI is already an after-financing-cost equity earnings measure so no separate net debt adjustment applied.

Reasoning: Apollo is a hybrid alternative-asset manager and retirement-services insurer; ANI/DE (not GAAP net income of $1.89B TTM, which is distorted by unrealized insurance-portfolio losses) is the standard metric for valuing this business model; growth assumptions track Apollo's publicly stated long-term ANI growth ambitions from its credit-origination platform and Athene's continued organic growth.