AMERICAN PUBLIC EDUCATION (APEI) Stock Fundamental Analysis
USA - NASDAQ:APEI - US02913V1035 - Common Stock
35.92 USD
-0.41 (-1.13%)
35.92 USD
0 (0%)
Taking everything into account, APEI scores 6 out of 10 in our fundamental rating. APEI was compared to 75 industry peers in the Diversified Consumer Services industry. APEI has an excellent financial health rating, but there are some minor concerns on its profitability. APEI is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year APEI was profitable.
In the past year APEI had a positive cash flow from operations.
In multiple years APEI reported negative net income over the last 5 years.
In the past 5 years APEI always reported a positive cash flow from operatings.
1.2 Ratios
APEI has a better Return On Assets (3.61%) than 64.00% of its industry peers.
APEI has a better Return On Equity (7.12%) than 61.33% of its industry peers.
APEI has a better Return On Invested Capital (7.08%) than 76.00% of its industry peers.
APEI had an Average Return On Invested Capital over the past 3 years of 3.11%. This is significantly below the industry average of 9.88%.
The 3 year average ROIC (3.11%) for APEI is below the current ROIC(7.08%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.61% | ||
| ROE | 7.12% | ||
| ROIC | 7.08% |
ROA(3y)-8.83%
ROA(5y)-3.79%
ROE(3y)-15.94%
ROE(5y)-7.48%
ROIC(3y)3.11%
ROIC(5y)3.6%
1.3 Margins
Looking at the Profit Margin, with a value of 3.01%, APEI is in line with its industry, outperforming 56.00% of the companies in the same industry.
APEI's Profit Margin has declined in the last couple of years.
The Operating Margin of APEI (7.53%) is better than 61.33% of its industry peers.
APEI's Operating Margin has declined in the last couple of years.
APEI has a Gross Margin of 53.39%. This is in the better half of the industry: APEI outperforms 62.67% of its industry peers.
APEI's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 7.53% | ||
| PM (TTM) | 3.01% | ||
| GM | 53.39% |
OM growth 3Y-6.39%
OM growth 5Y-3%
PM growth 3Y-27.64%
PM growth 5Y-14.35%
GM growth 3Y-3.61%
GM growth 5Y-2.87%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so APEI is destroying value.
The number of shares outstanding for APEI has been increased compared to 1 year ago.
The number of shares outstanding for APEI has been increased compared to 5 years ago.
Compared to 1 year ago, APEI has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 3.22 indicates that APEI is not in any danger for bankruptcy at the moment.
APEI's Altman-Z score of 3.22 is fine compared to the rest of the industry. APEI outperforms 73.33% of its industry peers.
The Debt to FCF ratio of APEI is 1.88, which is an excellent value as it means it would take APEI, only 1.88 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 1.88, APEI belongs to the top of the industry, outperforming 82.67% of the companies in the same industry.
APEI has a Debt/Equity ratio of 0.35. This is a healthy value indicating a solid balance between debt and equity.
APEI has a Debt to Equity ratio (0.35) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.35 | ||
| Debt/FCF | 1.88 | ||
| Altman-Z | 3.22 |
ROIC/WACC0.82
WACC8.62%
2.3 Liquidity
APEI has a Current Ratio of 2.83. This indicates that APEI is financially healthy and has no problem in meeting its short term obligations.
APEI has a better Current ratio (2.83) than 84.00% of its industry peers.
APEI has a Quick Ratio of 2.83. This indicates that APEI is financially healthy and has no problem in meeting its short term obligations.
The Quick ratio of APEI (2.83) is better than 85.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.83 | ||
| Quick Ratio | 2.83 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 20.45% over the past year.
The Earnings Per Share has been decreasing by -8.13% on average over the past years.
APEI shows a small growth in Revenue. In the last year, the Revenue has grown by 5.50%.
Measured over the past years, APEI shows a quite strong growth in Revenue. The Revenue has been growing by 16.88% on average per year.
EPS 1Y (TTM)20.45%
EPS 3Y-10.67%
EPS 5Y-8.13%
EPS Q2Q%66.67%
Revenue 1Y (TTM)5.5%
Revenue growth 3Y14.25%
Revenue growth 5Y16.88%
Sales Q2Q%6.46%
3.2 Future
Based on estimates for the next years, APEI will show a very strong growth in Earnings Per Share. The EPS will grow by 52.84% on average per year.
The Revenue is expected to grow by 5.10% on average over the next years.
EPS Next Y62.59%
EPS Next 2Y73.74%
EPS Next 3Y52.84%
EPS Next 5YN/A
Revenue Next Year5.48%
Revenue Next 2Y4.9%
Revenue Next 3Y5.1%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 33.89, which means the current valuation is very expensive for APEI.
APEI's Price/Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Earnings ratio of 27.38, APEI is valued a bit more expensive.
A Price/Forward Earnings ratio of 16.53 indicates a correct valuation of APEI.
Based on the Price/Forward Earnings ratio, APEI is valued a bit cheaper than 76.00% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.86. APEI is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 33.89 | ||
| Fwd PE | 16.53 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, APEI is valued a bit cheaper than 77.33% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, APEI is valued cheaper than 85.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.93 | ||
| EV/EBITDA | 8.62 |
4.3 Compensation for Growth
APEI's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as APEI's earnings are expected to grow with 52.84% in the coming years.
PEG (NY)0.54
PEG (5Y)N/A
EPS Next 2Y73.74%
EPS Next 3Y52.84%
5. Dividend
5.1 Amount
APEI does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
35.92
-0.41 (-1.13%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryDiversified Consumer Services
Earnings (Last)
Earnings (Next)
Inst Owners96.46%
Inst Owner Change6.25%
Ins Owners3.98%
Ins Owner Change-22.66%
Market Cap649.07M
Analysts83.08
Price Target37.74 (5.07%)
Short Float %7.55%
Short Ratio4.62
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly Dividend0.34
Dividend Growth(5Y)N/A
DP29.63%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)123.5%
Min EPS beat(2)74.48%
Max EPS beat(2)172.52%
EPS beat(4)4
Avg EPS beat(4)77.28%
Min EPS beat(4)15.09%
Max EPS beat(4)172.52%
EPS beat(8)7
Avg EPS beat(8)36.65%
EPS beat(12)9
Avg EPS beat(12)-50.18%
EPS beat(16)12
Avg EPS beat(16)155.1%
Revenue beat(2)0
Avg Revenue beat(2)-0.56%
Min Revenue beat(2)-0.87%
Max Revenue beat(2)-0.25%
Revenue beat(4)0
Avg Revenue beat(4)-1%
Min Revenue beat(4)-2.38%
Max Revenue beat(4)-0.25%
Revenue beat(8)0
Avg Revenue beat(8)-13.44%
Revenue beat(12)0
Avg Revenue beat(12)-9.62%
Revenue beat(16)1
Avg Revenue beat(16)-7%
PT rev (1m)6.22%
PT rev (3m)12.8%
EPS NQ rev (1m)-110.57%
EPS NQ rev (3m)-137.74%
EPS NY rev (1m)0%
EPS NY rev (3m)-15.46%
Revenue NQ rev (1m)0.02%
Revenue NQ rev (3m)0.37%
Revenue NY rev (1m)0.01%
Revenue NY rev (3m)0.08%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 33.89 | ||
| Fwd PE | 16.53 | ||
| P/S | 1.01 | ||
| P/FCF | 12.93 | ||
| P/OCF | 9.62 | ||
| P/B | 2.38 | ||
| P/tB | 3.52 | ||
| EV/EBITDA | 8.62 |
EPS(TTM)1.06
EY2.95%
EPS(NY)2.17
Fwd EY6.05%
FCF(TTM)2.78
FCFY7.74%
OCF(TTM)3.73
OCFY10.4%
SpS35.67
BVpS15.07
TBVpS10.21
PEG (NY)0.54
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.61% | ||
| ROE | 7.12% | ||
| ROCE | 10.68% | ||
| ROIC | 7.08% | ||
| ROICexc | 11.65% | ||
| ROICexgc | 17.08% | ||
| OM | 7.53% | ||
| PM (TTM) | 3.01% | ||
| GM | 53.39% | ||
| FCFM | 7.79% |
ROA(3y)-8.83%
ROA(5y)-3.79%
ROE(3y)-15.94%
ROE(5y)-7.48%
ROIC(3y)3.11%
ROIC(5y)3.6%
ROICexc(3y)4.28%
ROICexc(5y)7.29%
ROICexgc(3y)5.95%
ROICexgc(5y)12.03%
ROCE(3y)4.69%
ROCE(5y)5.43%
ROICexcg growth 3Y-9.61%
ROICexcg growth 5Y-11.95%
ROICexc growth 3Y18.82%
ROICexc growth 5Y-11.02%
OM growth 3Y-6.39%
OM growth 5Y-3%
PM growth 3Y-27.64%
PM growth 5Y-14.35%
GM growth 3Y-3.61%
GM growth 5Y-2.87%
F-Score8
Asset Turnover1.2
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.35 | ||
| Debt/FCF | 1.88 | ||
| Debt/EBITDA | 1.44 | ||
| Cap/Depr | 101.43% | ||
| Cap/Sales | 2.68% | ||
| Interest Coverage | 4.8 | ||
| Cash Conversion | 102.96% | ||
| Profit Quality | 259.2% | ||
| Current Ratio | 2.83 | ||
| Quick Ratio | 2.83 | ||
| Altman-Z | 3.22 |
F-Score8
WACC8.62%
ROIC/WACC0.82
Cap/Depr(3y)70.06%
Cap/Depr(5y)62.9%
Cap/Sales(3y)2.8%
Cap/Sales(5y)2.55%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)20.45%
EPS 3Y-10.67%
EPS 5Y-8.13%
EPS Q2Q%66.67%
EPS Next Y62.59%
EPS Next 2Y73.74%
EPS Next 3Y52.84%
EPS Next 5YN/A
Revenue 1Y (TTM)5.5%
Revenue growth 3Y14.25%
Revenue growth 5Y16.88%
Sales Q2Q%6.46%
Revenue Next Year5.48%
Revenue Next 2Y4.9%
Revenue Next 3Y5.1%
Revenue Next 5YN/A
EBIT growth 1Y32.47%
EBIT growth 3Y6.95%
EBIT growth 5Y13.38%
EBIT Next Year186.02%
EBIT Next 3Y55.73%
EBIT Next 5YN/A
FCF growth 1Y1621.67%
FCF growth 3Y84.29%
FCF growth 5Y-2.23%
OCF growth 1Y447.29%
OCF growth 3Y44.29%
OCF growth 5Y4.96%