AMERICAN PUBLIC EDUCATION (APEI)
US02913V1035 - Common Stock
Overall APEI gets a fundamental rating of 4 out of 10. We evaluated APEI against 65 industry peers in the Diversified Consumer Services industry. While APEI has a great health rating, there are worries on its profitability. APEI is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year APEI has reported negative net income.
APEI had a positive operating cash flow in the past year.
In multiple years APEI reported negative net income over the last 5 years.
Each year in the past 5 years APEI had a positive operating cash flow.
1.2 Ratios
APEI has a Return On Assets of -9.57%. This is in the lower half of the industry: APEI underperforms 62.50% of its industry peers.
APEI has a Return On Equity (-18.26%) which is in line with its industry peers.
APEI has a Return On Invested Capital of 3.04%. This is comparable to the rest of the industry: APEI outperforms 59.38% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for APEI is significantly below the industry average of 15.00%.
The last Return On Invested Capital (3.04%) for APEI is above the 3 year average (2.93%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -9.57% | ||
| ROE | -18.26% | ||
| ROIC | 3.04% |
ROA(3y)-8.6%
ROA(5y)-3.58%
ROE(3y)-15.62%
ROE(5y)-7.47%
ROIC(3y)2.93%
ROIC(5y)4.1%
1.3 Margins
With a Operating Margin value of 3.10%, APEI perfoms like the industry average, outperforming 53.13% of the companies in the same industry.
In the last couple of years the Operating Margin of APEI has declined.
With a Gross Margin value of 51.23%, APEI perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
In the last couple of years the Gross Margin of APEI has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 3.1% | ||
| PM (TTM) | N/A | ||
| GM | 51.23% |
OM growth 3Y-26.98%
OM growth 5Y-22.64%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-6.17%
GM growth 5Y-3.51%
2. Health
2.1 Basic Checks
APEI has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, APEI has less shares outstanding
The number of shares outstanding for APEI has been increased compared to 5 years ago.
APEI has a worse debt/assets ratio than last year.
2.2 Solvency
APEI has an Altman-Z score of 1.92. This is not the best score and indicates that APEI is in the grey zone with still only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 1.92, APEI is in the better half of the industry, outperforming 62.50% of the companies in the same industry.
The Debt to FCF ratio of APEI is 3.00, which is a good value as it means it would take APEI, 3.00 years of fcf income to pay off all of its debts.
APEI's Debt to FCF ratio of 3.00 is amongst the best of the industry. APEI outperforms 81.25% of its industry peers.
APEI has a Debt/Equity ratio of 0.32. This is a healthy value indicating a solid balance between debt and equity.
APEI has a Debt to Equity ratio (0.32) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.32 | ||
| Debt/FCF | 3 | ||
| Altman-Z | 1.92 |
ROIC/WACC0.3
WACC10%
2.3 Liquidity
APEI has a Current Ratio of 2.94. This indicates that APEI is financially healthy and has no problem in meeting its short term obligations.
With a decent Current ratio value of 2.94, APEI is doing good in the industry, outperforming 78.13% of the companies in the same industry.
A Quick Ratio of 2.94 indicates that APEI has no problem at all paying its short term obligations.
The Quick ratio of APEI (2.94) is better than 78.13% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.94 | ||
| Quick Ratio | 2.94 |
3. Growth
3.1 Past
The earnings per share for APEI have decreased strongly by -258.60% in the last year.
Looking at the last year, APEI shows a decrease in Revenue. The Revenue has decreased by -0.94% in the last year.
Measured over the past years, APEI shows a quite strong growth in Revenue. The Revenue has been growing by 15.07% on average per year.
EPS 1Y (TTM)-258.6%
EPS 3YN/A
EPS 5YN/A
EPS growth Q2Q282.86%
Revenue 1Y (TTM)-0.94%
Revenue growth 3Y23.12%
Revenue growth 5Y15.07%
Revenue growth Q2Q0.27%
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 54.75% on average per year.
Based on estimates for the next years, APEI will show a small growth in Revenue. The Revenue will grow by 3.17% on average per year.
EPS Next Y122.22%
EPS Next 2Y54.75%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year2.64%
Revenue Next 2Y3.17%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
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 negative for APEI. In the last year negative earnings were reported.
The Price/Forward Earnings ratio is 25.82, which means the current valuation is very expensive for APEI.
Based on the Price/Forward Earnings ratio, APEI is valued a bit cheaper than 67.19% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 21.49. APEI is valued slightly more expensive when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 25.82 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of APEI indicates a rather cheap valuation: APEI is cheaper than 92.19% of the companies listed in the same industry.
92.19% of the companies in the same industry are more expensive than APEI, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.94 | ||
| EV/EBITDA | 4.11 |
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.
APEI's earnings are expected to grow with 54.75% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y54.75%
EPS Next 3YN/A
5. Dividend
5.1 Amount
APEI does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
AMERICAN PUBLIC EDUCATION
NASDAQ:APEI (4/26/2024, 7:00:00 PM)
After market: 14.29 0 (0%)14.29
+0.6 (+4.38%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryDiversified Consumer Services
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap250.93M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
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EPS beat(16)
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Revenue beat(12)
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Revenue beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
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Revenue NQ rev (1m)
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Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 25.82 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -9.57% | ||
| ROE | -18.26% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 3.1% | ||
| PM (TTM) | N/A | ||
| GM | 51.23% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover1.08
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.32 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 2.94 | ||
| Quick Ratio | 2.94 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-258.6%
EPS 3YN/A
EPS 5Y
EPS growth Q2Q
EPS Next Y122.22%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-0.94%
Revenue growth 3Y23.12%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y