APOGEE ENTERPRISES INC (APOG) Stock Fundamental Analysis
NASDAQ:APOG - Nasdaq - US0375981091 - Common Stock - Currency: USD
APOG gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 41 industry peers in the Building Products industry. Both the profitability and the financial health of APOG get a neutral evaluation. Nothing too spectacular is happening here. APOG has a bad growth rate and is valued cheaply. Finally APOG also has an excellent dividend rating. This makes APOG very considerable for value and dividend investing!
1. Profitability
1.1 Basic Checks
In the past year APOG was profitable.
In the past year APOG had a positive cash flow from operations.
Of the past 5 years APOG 4 years were profitable.
Of the past 5 years APOG 4 years had a positive operating cash flow.
1.2 Ratios
APOG has a Return On Assets of 8.33%. This is comparable to the rest of the industry: APOG outperforms 56.10% of its industry peers.
APOG's Return On Equity of 18.83% is fine compared to the rest of the industry. APOG outperforms 63.41% of its industry peers.
Looking at the Return On Invested Capital, with a value of 13.56%, APOG is in the better half of the industry, outperforming 65.85% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for APOG is above the industry average of 13.18%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.33% | ||
| ROE | 18.83% | ||
| ROIC | 13.56% |
ROA(3y)7.68%
ROA(5y)6.01%
ROE(3y)16.11%
ROE(5y)12.68%
ROIC(3y)15.68%
ROIC(5y)12.83%
1.3 Margins
APOG has a Profit Margin of 7.14%. This is comparable to the rest of the industry: APOG outperforms 46.34% of its industry peers.
APOG's Profit Margin has improved in the last couple of years.
With a Operating Margin value of 10.85%, APOG perfoms like the industry average, outperforming 41.46% of the companies in the same industry.
APOG's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 27.64%, APOG is doing worse than 63.41% of the companies in the same industry.
APOG's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 10.85% | ||
| PM (TTM) | 7.14% | ||
| GM | 27.64% |
OM growth 3Y15.66%
OM growth 5Y16.55%
PM growth 3Y77.78%
PM growth 5Y16.63%
GM growth 3Y4.84%
GM growth 5Y4.67%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so APOG is still creating some value.
There is no outstanding debt for APOG. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
2.2 Solvency
APOG has an Altman-Z score of 3.00. This indicates that APOG is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of APOG (3.00) is comparable to the rest of the industry.
APOG has a debt to FCF ratio of 2.11. This is a good value and a sign of high solvency as APOG would need 2.11 years to pay back of all of its debts.
APOG has a better Debt to FCF ratio (2.11) than 73.17% of its industry peers.
A Debt/Equity ratio of 0.52 indicates that APOG is somewhat dependend on debt financing.
APOG has a Debt to Equity ratio of 0.52. This is comparable to the rest of the industry: APOG outperforms 56.10% of its industry peers.
Even though the debt/equity ratio score it not favorable for APOG, it has very limited outstanding debt, so we won't put too much weight on the DE evaluation.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.52 | ||
| Debt/FCF | 2.11 | ||
| Altman-Z | 3 |
ROIC/WACC1.3
WACC10.43%
2.3 Liquidity
A Current Ratio of 1.63 indicates that APOG should not have too much problems paying its short term obligations.
With a Current ratio value of 1.63, APOG is not doing good in the industry: 68.29% of the companies in the same industry are doing better.
A Quick Ratio of 1.27 indicates that APOG should not have too much problems paying its short term obligations.
The Quick ratio of APOG (1.27) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.63 | ||
| Quick Ratio | 1.27 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 3.77% over the past year.
APOG shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 15.82% yearly.
EPS 1Y (TTM)3.77%
EPS 3Y25.82%
EPS 5Y15.82%
EPS Q2Q%-21.93%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-4.46%
3.2 Future
APOG is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -1.84% yearly.
APOG is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.66% yearly.
EPS Next Y-11.01%
EPS Next 2Y-1.84%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year1.53%
Revenue Next 2Y1.66%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
The EPS 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
Based on the Price/Earnings ratio of 8.08, the valuation of APOG can be described as reasonable.
Based on the Price/Earnings ratio, APOG is valued cheaply inside the industry as 92.68% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of APOG to the average of the S&P500 Index (27.85), we can say APOG is valued rather cheaply.
With a Price/Forward Earnings ratio of 9.08, the valuation of APOG can be described as very reasonable.
APOG's Price/Forward Earnings ratio is rather cheap when compared to the industry. APOG is cheaper than 90.24% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of APOG to the average of the S&P500 Index (20.77), we can say APOG is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.08 | ||
| Fwd PE | 9.08 |
4.2 Price Multiples
97.56% of the companies in the same industry are more expensive than APOG, based on the Enterprise Value to EBITDA ratio.
APOG's Price/Free Cash Flow ratio is rather cheap when compared to the industry. APOG is cheaper than 97.56% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.65 | ||
| EV/EBITDA | 5.7 |
4.3 Compensation for Growth
The decent profitability rating of APOG may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.51
EPS Next 2Y-1.84%
EPS Next 3YN/A
5. Dividend
5.1 Amount
APOG has a Yearly Dividend Yield of 2.59%. Purely for dividend investing, there may be better candidates out there.
The stock price of APOG dropped by -21.44% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
Compared to an average industry Dividend Yield of 1.24, APOG pays a better dividend. On top of this APOG pays more dividend than 100.00% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.45, APOG has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.59% |
5.2 History
The dividend of APOG is nicely growing with an annual growth rate of 8.03%!
APOG has been paying a dividend for at least 10 years, so it has a reliable track record.
APOG has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)8.03%
Div Incr Years13
Div Non Decr Years34
5.3 Sustainability
22.06% of the earnings are spent on dividend by APOG. This is a low number and sustainable payout ratio.
DP22.06%
EPS Next 2Y-1.84%
EPS Next 3YN/A
40.08
+0.41 (+1.03%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryBuilding Products
Earnings (Last)
Earnings (Next)
Inst Owners96.99%
Inst Owner Change0.04%
Ins Owners1.72%
Ins Owner Change8.92%
Market Cap858.51M
Analysts80
Price Target67.49 (68.39%)
Short Float %2.38%
Short Ratio2.19
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.59% |
Yearly Dividend0.95
Dividend Growth(5Y)8.03%
DP22.06%
Div Incr Years13
Div Non Decr Years34
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)9.68%
Min EPS beat(2)4.17%
Max EPS beat(2)15.2%
EPS beat(4)4
Avg EPS beat(4)16.5%
Min EPS beat(4)4.17%
Max EPS beat(4)36.01%
EPS beat(8)8
Avg EPS beat(8)13.71%
EPS beat(12)12
Avg EPS beat(12)20.22%
EPS beat(16)15
Avg EPS beat(16)17.44%
Revenue beat(2)2
Avg Revenue beat(2)0.37%
Min Revenue beat(2)0.13%
Max Revenue beat(2)0.61%
Revenue beat(4)3
Avg Revenue beat(4)0.82%
Min Revenue beat(4)-2.46%
Max Revenue beat(4)5.01%
Revenue beat(8)3
Avg Revenue beat(8)-1.8%
Revenue beat(12)5
Avg Revenue beat(12)-0.29%
Revenue beat(16)8
Avg Revenue beat(16)0.64%
PT rev (1m)0%
PT rev (3m)-17.46%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-17.48%
EPS NY rev (1m)0%
EPS NY rev (3m)-2.38%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.55%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.07%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.08 | ||
| Fwd PE | 9.08 | ||
| P/S | 0.62 | ||
| P/FCF | 6.65 | ||
| P/OCF | 5.05 | ||
| P/B | 1.64 | ||
| P/tB | 5.85 | ||
| EV/EBITDA | 5.7 |
EPS(TTM)4.96
EY12.38%
EPS(NY)4.41
Fwd EY11.01%
FCF(TTM)6.03
FCFY15.04%
OCF(TTM)7.94
OCFY19.81%
SpS64.29
BVpS24.37
TBVpS6.86
PEG (NY)N/A
PEG (5Y)0.51
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.33% | ||
| ROE | 18.83% | ||
| ROCE | 16.3% | ||
| ROIC | 13.56% | ||
| ROICexc | 14.24% | ||
| ROICexgc | 24.98% | ||
| OM | 10.85% | ||
| PM (TTM) | 7.14% | ||
| GM | 27.64% | ||
| FCFM | 9.38% |
ROA(3y)7.68%
ROA(5y)6.01%
ROE(3y)16.11%
ROE(5y)12.68%
ROIC(3y)15.68%
ROIC(5y)12.83%
ROICexc(3y)16.47%
ROICexc(5y)13.44%
ROICexgc(3y)24.11%
ROICexgc(5y)20.11%
ROCE(3y)18.85%
ROCE(5y)15.43%
ROICexcg growth 3Y28.97%
ROICexcg growth 5Y21.2%
ROICexc growth 3Y30.43%
ROICexc growth 5Y24.34%
OM growth 3Y15.66%
OM growth 5Y16.55%
PM growth 3Y77.78%
PM growth 5Y16.63%
GM growth 3Y4.84%
GM growth 5Y4.67%
F-Score6
Asset Turnover1.17
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.52 | ||
| Debt/FCF | 2.11 | ||
| Debt/EBITDA | 1.43 | ||
| Cap/Depr | 99.32% | ||
| Cap/Sales | 2.97% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 89.19% | ||
| Profit Quality | 131.34% | ||
| Current Ratio | 1.63 | ||
| Quick Ratio | 1.27 | ||
| Altman-Z | 3 |
F-Score6
WACC10.43%
ROIC/WACC1.3
Cap/Depr(3y)84.68%
Cap/Depr(5y)82.97%
Cap/Sales(3y)2.61%
Cap/Sales(5y)2.74%
Profit Quality(3y)821.8%
Profit Quality(5y)661.4%
High Growth Momentum
Growth
EPS 1Y (TTM)3.77%
EPS 3Y25.82%
EPS 5Y15.82%
EPS Q2Q%-21.93%
EPS Next Y-11.01%
EPS Next 2Y-1.84%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-4.46%
Revenue Next Year1.53%
Revenue Next 2Y1.66%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y0.47%
EBIT growth 3Y21.22%
EBIT growth 5Y16.79%
EBIT Next Year32.34%
EBIT Next 3Y10.76%
EBIT Next 5YN/A
FCF growth 1Y235.36%
FCF growth 3Y11.64%
FCF growth 5Y35.15%
OCF growth 1Y160.39%
OCF growth 3Y12.89%
OCF growth 5Y16.19%