APOGEE ENTERPRISES INC (APOG) Stock Fundamental Analysis
NASDAQ:APOG - Nasdaq - US0375981091 - Common Stock - Currency: USD
APOG gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 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.
Each year in the past 5 years APOG has been profitable.
Each year in the past 5 years APOG had a positive operating cash flow.
1.2 Ratios
With a Return On Assets value of 4.44%, APOG is not doing good in the industry: 63.41% of the companies in the same industry are doing better.
APOG's Return On Equity of 10.66% is in line compared to the rest of the industry. APOG outperforms 46.34% of its industry peers.
With a Return On Invested Capital value of 7.34%, APOG is not doing good in the industry: 65.85% of the companies in the same industry are doing better.
APOG had an Average Return On Invested Capital over the past 3 years of 14.71%. This is above the industry average of 12.62%.
The last Return On Invested Capital (7.34%) 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 | 7.34% |
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 has a worse Profit Margin (3.73%) than 70.73% of its industry peers.
APOG's Profit Margin has improved in the last couple of years.
APOG has a Operating Margin of 6.31%. This is in the lower half of the industry: APOG underperforms 73.17% of its industry peers.
In the last couple of years the Operating Margin of APOG has grown nicely.
The Gross Margin of APOG (24.57%) is worse than 73.17% of its industry peers.
In the last couple of years the Gross Margin of APOG has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 6.31% | ||
| PM (TTM) | 3.73% | ||
| GM | 24.57% |
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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), APOG is creating some value.
APOG has less shares outstanding than it did 1 year ago.
The number of shares outstanding for APOG has been reduced compared to 5 years ago.
The debt/assets ratio for APOG is higher compared to a year ago.
2.2 Solvency
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.
APOG's Debt to FCF ratio of 4.83 is in line compared to the rest of the industry. APOG outperforms 46.34% of its industry peers.
A Debt/Equity ratio of 0.65 indicates that APOG is somewhat dependend on debt financing.
The Debt to Equity ratio of APOG (0.65) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.65 | ||
| Debt/FCF | 4.83 | ||
| Altman-Z | N/A |
ROIC/WACC0.74
WACC9.86%
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 in line compared to the rest of the industry. APOG outperforms 41.46% of its industry peers.
A Quick Ratio of 1.36 indicates that APOG should not have too much problems paying its short term obligations.
APOG's Quick ratio of 1.36 is in line compared to the rest of the industry. APOG outperforms 53.66% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.77 | ||
| Quick Ratio | 1.36 |
3. Growth
3.1 Past
The earnings per share for APOG have decreased strongly by -21.08% in the last year.
The Earnings Per Share has been growing by 15.82% on average over the past years. This is quite good.
Looking at the last year, APOG shows a decrease in Revenue. The Revenue has decreased by -0.77% in the last year.
The Revenue has been decreasing by -0.38% on average over the past years.
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
The Earnings Per Share is expected to decrease by -9.04% on average over the next years.
Based on estimates for the next years, APOG will show a small growth in Revenue. The Revenue will grow by 1.41% on average per year.
EPS Next Y-23.07%
EPS Next 2Y-9.04%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year2.98%
Revenue Next 2Y1.41%
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.
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
With a Price/Earnings ratio of 10.61, the valuation of APOG can be described as very reasonable.
87.80% of the companies in the same industry are more expensive than APOG, based on the Price/Earnings ratio.
APOG is valuated cheaply when we compare the Price/Earnings ratio to 27.45, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 10.54 indicates a reasonable valuation of APOG.
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 (21.90), we can say APOG is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.61 | ||
| Fwd PE | 10.54 |
4.2 Price Multiples
APOG's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. APOG is cheaper than 85.37% of the companies in the same industry.
APOG's Price/Free Cash Flow ratio is rather cheap when compared to the industry. APOG is cheaper than 80.49% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.49 | ||
| EV/EBITDA | 9.05 |
4.3 Compensation for Growth
APOG's earnings are expected to decrease with -9.04% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.67
EPS Next 2Y-9.04%
EPS Next 3YN/A
5. Dividend
5.1 Amount
APOG has a Yearly Dividend Yield of 2.41%. 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 100.00% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.42, APOG has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.41% |
5.2 History
The dividend of APOG is nicely growing with an annual growth rate of 7.36%!
APOG has been paying a dividend for at least 10 years, so it has a reliable track record.
APOG has not decreased their dividend for at least 10 years, which is a reliable track record.
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-9.04%
EPS Next 3YN/A
43.27
+0.06 (+0.14%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryBuilding Products
Earnings (Last)
Earnings (Next)
Inst Owners94.69%
Inst Owner Change-2.88%
Ins Owners1.86%
Ins Owner Change6.73%
Market Cap933.33M
Analysts80
Price Target55.76 (28.87%)
Short Float %2.43%
Short Ratio2.11
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.41% |
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)-17.38%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-52.9%
EPS NY rev (1m)-4.22%
EPS NY rev (3m)-13.55%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.54%
Revenue NY rev (1m)0.57%
Revenue NY rev (3m)1.43%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.61 | ||
| Fwd PE | 10.54 | ||
| P/S | 0.68 | ||
| P/FCF | 14.49 | ||
| P/OCF | 9.34 | ||
| P/B | 1.94 | ||
| P/tB | 7.4 | ||
| EV/EBITDA | 9.05 |
EPS(TTM)4.08
EY9.43%
EPS(NY)4.1
Fwd EY9.48%
FCF(TTM)2.99
FCFY6.9%
OCF(TTM)4.63
OCFY10.71%
SpS63.8
BVpS22.34
TBVpS5.85
PEG (NY)N/A
PEG (5Y)0.67
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.44% | ||
| ROE | 10.66% | ||
| ROCE | 9.61% | ||
| ROIC | 7.34% | ||
| ROICexc | 7.61% | ||
| ROICexgc | 12.87% | ||
| OM | 6.31% | ||
| PM (TTM) | 3.73% | ||
| GM | 24.57% | ||
| 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 | 2.32 | ||
| Cap/Depr | 75.49% | ||
| Cap/Sales | 2.58% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 74.61% | ||
| Profit Quality | 125.4% | ||
| Current Ratio | 1.77 | ||
| Quick Ratio | 1.36 | ||
| Altman-Z | N/A |
F-Score5
WACC9.86%
ROIC/WACC0.74
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-23.07%
EPS Next 2Y-9.04%
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 Year2.98%
Revenue Next 2Y1.41%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-43.96%
EBIT growth 3Y14.15%
EBIT growth 5Y8.17%
EBIT Next Year25.86%
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%