APOGEE ENTERPRISES INC (APOG) Stock Fundamental Analysis
USA - NASDAQ:APOG - US0375981091 - Common Stock
43.57 USD
-0.38 (-0.86%)
43.57 USD
0 (0%)
Taking everything into account, APOG scores 4 out of 10 in our fundamental rating. APOG was compared to 41 industry peers in the Building Products industry. APOG has an average financial health and profitability rating. APOG is valued quite cheap, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
APOG had positive earnings in the past year.
In the past year APOG had a positive cash flow from operations.
APOG had positive earnings in each of the past 5 years.
APOG had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
APOG has a worse Return On Assets (4.44%) than 60.98% of its industry peers.
APOG's Return On Equity of 10.66% is in line compared to the rest of the industry. APOG outperforms 43.90% of its industry peers.
With a Return On Invested Capital value of 8.65%, APOG perfoms like the industry average, outperforming 48.78% 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 12.76%.
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
APOG's Profit Margin of 3.73% is on the low side compared to the rest of the industry. APOG is outperformed by 65.85% of its industry peers.
APOG's Profit Margin has improved in the last couple of years.
APOG has a Operating Margin of 7.45%. This is in the lower half of the industry: APOG underperforms 68.29% of its industry peers.
APOG's Operating Margin has improved in the last couple of years.
APOG has a Gross Margin of 25.08%. This is in the lower half of the industry: APOG underperforms 70.73% of its industry peers.
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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so APOG is still creating some value.
APOG has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, APOG has less shares outstanding
The debt/assets ratio for APOG is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 2.95 indicates that APOG is not a great score, but indicates only limited risk for bankruptcy at the moment.
The Altman-Z score of APOG (2.95) is comparable to the rest of the industry.
APOG has a debt to FCF ratio of 4.83. This is a neutral value as APOG would need 4.83 years to pay back of all of its debts.
With a Debt to FCF ratio value of 4.83, APOG perfoms like the industry average, outperforming 48.78% of the companies in the same industry.
A Debt/Equity ratio of 0.65 indicates that APOG is somewhat dependend on debt financing.
APOG has a Debt to Equity ratio of 0.65. This is comparable to the rest of the industry: APOG outperforms 41.46% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.65 | ||
| Debt/FCF | 4.83 | ||
| Altman-Z | 2.95 |
ROIC/WACC0.85
WACC10.13%
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 63.41% of its industry peers.
A Quick Ratio of 1.36 indicates that APOG should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.36, APOG is in line with its industry, outperforming 51.22% of the companies in the same industry.
| 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%.
APOG shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 15.82% yearly.
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
APOG is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -7.93% yearly.
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-18.69%
EPS Next 2Y-7.93%
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
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 10.68, the valuation of APOG can be described as reasonable.
Compared to the rest of the industry, the Price/Earnings ratio of APOG indicates a rather cheap valuation: APOG is cheaper than 95.12% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of APOG to the average of the S&P500 Index (27.76), we can say APOG is valued rather cheaply.
With a Price/Forward Earnings ratio of 10.36, the valuation of APOG can be described as very reasonable.
92.68% of the companies in the same industry are more expensive than APOG, based on the Price/Forward Earnings ratio.
APOG is valuated cheaply when we compare the Price/Forward Earnings ratio to 23.18, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.68 | ||
| Fwd PE | 10.36 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, APOG is valued cheaper than 87.80% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, APOG is valued cheaper than 80.49% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.57 | ||
| EV/EBITDA | 8.19 |
4.3 Compensation for Growth
A cheap valuation may be justified as APOG's earnings are expected to decrease with -7.93% in the coming years.
PEG (NY)N/A
PEG (5Y)0.68
EPS Next 2Y-7.93%
EPS Next 3YN/A
5. Dividend
5.1 Amount
APOG has a Yearly Dividend Yield of 2.29%. Purely for dividend investing, there may be better candidates out there.
APOG's Dividend Yield is rather good when compared to the industry average which is at 1.19. APOG pays more dividend than 97.56% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.41, APOG has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.29% |
5.2 History
On average, the dividend of APOG grows each year by 7.36%, which is quite nice.
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)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.
The Dividend Rate of APOG has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP53.08%
EPS Next 2Y-7.93%
EPS Next 3YN/A
43.57
-0.38 (-0.86%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryBuilding Products
Earnings (Last)
Earnings (Next)
Inst Owners97.38%
Inst Owner Change2.61%
Ins Owners1.65%
Ins Owner Change4.71%
Market Cap938.06M
Analysts84
Price Target53.93 (23.78%)
Short Float %2.33%
Short Ratio2.98
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.29% |
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)0%
PT rev (3m)-3.28%
EPS NQ rev (1m)0%
EPS NQ rev (3m)11.92%
EPS NY rev (1m)0%
EPS NY rev (3m)5.69%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)4.63%
Revenue NY rev (1m)0%
Revenue NY rev (3m)2.75%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.68 | ||
| Fwd PE | 10.36 | ||
| P/S | 0.68 | ||
| P/FCF | 14.57 | ||
| P/OCF | 9.39 | ||
| P/B | 1.95 | ||
| P/tB | 7.44 | ||
| EV/EBITDA | 8.19 |
EPS(TTM)4.08
EY9.36%
EPS(NY)4.2
Fwd EY9.65%
FCF(TTM)2.99
FCFY6.86%
OCF(TTM)4.64
OCFY10.65%
SpS63.92
BVpS22.38
TBVpS5.86
PEG (NY)N/A
PEG (5Y)0.68
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 | 2.95 |
F-Score5
WACC10.13%
ROIC/WACC0.85
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-18.69%
EPS Next 2Y-7.93%
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%