APOGEE ENTERPRISES INC (APOG) Stock Fundamental Analysis
NASDAQ:APOG - Nasdaq - US0375981091 - Common Stock - Currency: USD
Taking everything into account, APOG scores 4 out of 10 in our fundamental rating. APOG was compared to 42 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 valuation in line with the averages, but on the other hand it scores bad on growth.
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.
In the past 5 years APOG has always been profitable.
In the past 5 years APOG always reported a positive cash flow from operatings.
1.2 Ratios
With a Return On Assets value of 4.44%, APOG perfoms like the industry average, outperforming 40.48% of the companies in the same industry.
APOG has a Return On Equity (10.66%) which is comparable to the rest of the industry.
Looking at the Return On Invested Capital, with a value of 8.65%, APOG is in line with its industry, outperforming 50.00% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for APOG is in line with the industry average of 13.12%.
The last Return On Invested Capital (8.65%) for APOG is well below the 3 year average (14.71%), which needs to be investigated, but indicates that APOG had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.44% | ||
| ROE | 10.66% | ||
| ROIC | 8.65% |
ROA(3y)9.96%
ROA(5y)6.36%
ROE(3y)21.61%
ROE(5y)13.77%
ROIC(3y)14.71%
ROIC(5y)12.43%
1.3 Margins
Looking at the Profit Margin, with a value of 3.73%, APOG is doing worse than 66.67% of the companies in the same industry.
APOG's Profit Margin has improved in the last couple of years.
With a Operating Margin value of 7.45%, APOG is not doing good in the industry: 66.67% of the companies in the same industry are doing better.
APOG's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 25.08%, APOG is doing worse than 69.05% of the companies in the same industry.
APOG's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 7.45% | ||
| PM (TTM) | 3.73% | ||
| GM | 25.08% |
OM growth 3Y12.82%
OM growth 5Y8.58%
PM growth 3Y186.28%
PM growth 5Y6.97%
GM growth 3Y4.98%
GM growth 5Y2.98%
2. Health
2.1 Basic Checks
APOG has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
The number of shares outstanding for APOG has been reduced compared to 1 year ago.
Compared to 5 years ago, APOG has less shares outstanding
APOG has a worse debt/assets ratio than last year.
2.2 Solvency
APOG has an Altman-Z score of 2.92. This is not the best score and indicates that APOG is in the grey zone with still only limited risk for bankruptcy at the moment.
APOG has a Altman-Z score (2.92) which is comparable to the rest of the industry.
The Debt to FCF ratio of APOG is 4.83, which is a neutral value as it means it would take APOG, 4.83 years of fcf income to pay off all of its debts.
APOG has a Debt to FCF ratio of 4.83. This is comparable to the rest of the industry: APOG outperforms 52.38% of its industry peers.
A Debt/Equity ratio of 0.65 indicates that APOG is somewhat dependend on debt financing.
APOG has a Debt to Equity ratio (0.65) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.65 | ||
| Debt/FCF | 4.83 | ||
| Altman-Z | 2.92 |
ROIC/WACC0.86
WACC10.07%
2.3 Liquidity
APOG has a Current Ratio of 1.77. This is a normal value and indicates that APOG is financially healthy and should not expect problems in meeting its short term obligations.
APOG's Current ratio of 1.77 is on the low side compared to the rest of the industry. APOG is outperformed by 61.90% of its industry peers.
APOG has a Quick Ratio of 1.36. This is a normal value and indicates that APOG is financially healthy and should not expect problems in meeting its short term obligations.
APOG has a Quick ratio (1.36) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.77 | ||
| Quick Ratio | 1.36 |
3. Growth
3.1 Past
APOG shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -21.08%.
The Earnings Per Share has been growing by 15.82% on average over the past years. This is quite good.
APOG shows a decrease in Revenue. In the last year, the revenue decreased by -0.77%.
Measured over the past years, APOG shows a decrease in Revenue. The Revenue has been decreasing by -0.38% on average per year.
EPS 1Y (TTM)-21.08%
EPS 3Y25.82%
EPS 5Y15.82%
EPS Q2Q%-61.11%
Revenue 1Y (TTM)-0.77%
Revenue growth 3Y1.18%
Revenue growth 5Y-0.38%
Sales Q2Q%4.56%
3.2 Future
Based on estimates for the next years, APOG will show a decrease in Earnings Per Share. The EPS will decrease by -8.31% on average per year.
Based on estimates for the next years, APOG will show a small growth in Revenue. The Revenue will grow by 3.08% on average per year.
EPS Next Y-18.6%
EPS Next 2Y-8.31%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year5.82%
Revenue Next 2Y3.08%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 10.47 indicates a reasonable valuation of APOG.
Based on the Price/Earnings ratio, APOG is valued cheaply inside the industry as 92.86% of the companies are valued more expensively.
APOG's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.87.
With a Price/Forward Earnings ratio of 10.24, the valuation of APOG can be described as very reasonable.
Based on the Price/Forward Earnings ratio, APOG is valued cheaply inside the industry as 92.86% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 35.34. APOG is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.47 | ||
| Fwd PE | 10.24 |
4.2 Price Multiples
90.48% of the companies in the same industry are more expensive than APOG, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, APOG is valued a bit cheaper than 78.57% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.28 | ||
| EV/EBITDA | 8.01 |
4.3 Compensation for Growth
APOG's earnings are expected to decrease with -8.31% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.66
EPS Next 2Y-8.31%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.38%, APOG has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 1.12, 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 2.36, APOG has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.38% |
5.2 History
On average, the dividend of APOG grows each year by 7.36%, which is quite nice.
APOG has paid a dividend for at least 10 years, which is 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)7.36%
Div Incr Years13
Div Non Decr Years34
5.3 Sustainability
APOG pays out 53.08% of its income as dividend. This is a bit on the high side, but may be sustainable.
APOG's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP53.08%
EPS Next 2Y-8.31%
EPS Next 3YN/A
42.7
-0.95 (-2.18%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryBuilding Products
Earnings (Last)
Earnings (Next)
Inst Owners94.19%
Inst Owner Change0.81%
Ins Owners1.79%
Ins Owner Change4.75%
Market Cap919.33M
Analysts84
Price Target53.93 (26.3%)
Short Float %2.38%
Short Ratio2.01
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.38% |
Yearly Dividend1
Dividend Growth(5Y)7.36%
DP53.08%
Div Incr Years13
Div Non Decr Years34
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)8.59%
Min EPS beat(2)-0.56%
Max EPS beat(2)17.75%
EPS beat(4)3
Avg EPS beat(4)9.14%
Min EPS beat(4)-0.56%
Max EPS beat(4)17.75%
EPS beat(8)7
Avg EPS beat(8)13.97%
EPS beat(12)11
Avg EPS beat(12)13.39%
EPS beat(16)14
Avg EPS beat(16)16.89%
Revenue beat(2)2
Avg Revenue beat(2)3.11%
Min Revenue beat(2)1.8%
Max Revenue beat(2)4.41%
Revenue beat(4)4
Avg Revenue beat(4)1.74%
Min Revenue beat(4)0.13%
Max Revenue beat(4)4.41%
Revenue beat(8)5
Avg Revenue beat(8)-0.63%
Revenue beat(12)6
Avg Revenue beat(12)-0.26%
Revenue beat(16)9
Avg Revenue beat(16)0.51%
PT rev (1m)-3.28%
PT rev (3m)-3.28%
EPS NQ rev (1m)-0.41%
EPS NQ rev (3m)-19.95%
EPS NY rev (1m)0%
EPS NY rev (3m)1.34%
Revenue NQ rev (1m)0.22%
Revenue NQ rev (3m)2.94%
Revenue NY rev (1m)0.14%
Revenue NY rev (3m)3.34%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.47 | ||
| Fwd PE | 10.24 | ||
| P/S | 0.67 | ||
| P/FCF | 14.28 | ||
| P/OCF | 9.2 | ||
| P/B | 1.91 | ||
| P/tB | 7.29 | ||
| EV/EBITDA | 8.01 |
EPS(TTM)4.08
EY9.56%
EPS(NY)4.17
Fwd EY9.77%
FCF(TTM)2.99
FCFY7%
OCF(TTM)4.64
OCFY10.87%
SpS63.92
BVpS22.38
TBVpS5.86
PEG (NY)N/A
PEG (5Y)0.66
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.44% | ||
| ROE | 10.66% | ||
| ROCE | 11.34% | ||
| ROIC | 8.65% | ||
| ROICexc | 8.98% | ||
| ROICexgc | 15.18% | ||
| OM | 7.45% | ||
| PM (TTM) | 3.73% | ||
| GM | 25.08% | ||
| FCFM | 4.68% |
ROA(3y)9.96%
ROA(5y)6.36%
ROE(3y)21.61%
ROE(5y)13.77%
ROIC(3y)14.71%
ROIC(5y)12.43%
ROICexc(3y)15.4%
ROICexc(5y)13.07%
ROICexgc(3y)23.59%
ROICexgc(5y)19.93%
ROCE(3y)19.27%
ROCE(5y)16.29%
ROICexcg growth 3Y8.42%
ROICexcg growth 5Y9.36%
ROICexc growth 3Y2.68%
ROICexc growth 5Y7.88%
OM growth 3Y12.82%
OM growth 5Y8.58%
PM growth 3Y186.28%
PM growth 5Y6.97%
GM growth 3Y4.98%
GM growth 5Y2.98%
F-Score5
Asset Turnover1.19
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.65 | ||
| Debt/FCF | 4.83 | ||
| Debt/EBITDA | 2.08 | ||
| Cap/Depr | 75.49% | ||
| Cap/Sales | 2.58% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 66.83% | ||
| Profit Quality | 125.4% | ||
| Current Ratio | 1.77 | ||
| Quick Ratio | 1.36 | ||
| Altman-Z | 2.92 |
F-Score5
WACC10.07%
ROIC/WACC0.86
Cap/Depr(3y)96.74%
Cap/Depr(5y)76.96%
Cap/Sales(3y)2.93%
Cap/Sales(5y)2.52%
Profit Quality(3y)107.38%
Profit Quality(5y)664.4%
High Growth Momentum
Growth
EPS 1Y (TTM)-21.08%
EPS 3Y25.82%
EPS 5Y15.82%
EPS Q2Q%-61.11%
EPS Next Y-18.6%
EPS Next 2Y-8.31%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-0.77%
Revenue growth 3Y1.18%
Revenue growth 5Y-0.38%
Sales Q2Q%4.56%
Revenue Next Year5.82%
Revenue Next 2Y3.08%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-33.89%
EBIT growth 3Y14.15%
EBIT growth 5Y8.17%
EBIT Next Year28.3%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-39.82%
FCF growth 3Y4.41%
FCF growth 5Y9.89%
OCF growth 1Y-35.32%
OCF growth 3Y7.59%
OCF growth 5Y3.13%