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AMERICAN PUBLIC EDUCATION (APEI) Stock Fundamental Analysis

NASDAQ:APEI - Nasdaq - US02913V1035 - Common Stock - Currency: USD

23.5  +4.25 (+22.08%)

After market: 23.5 0 (0%)

Fundamental Rating

5

APEI gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 71 industry peers in the Diversified Consumer Services industry. APEI has an average financial health and profitability rating. APEI is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

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5

1. Profitability

1.1 Basic Checks

In the past year APEI was profitable.
APEI had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: APEI reported negative net income in multiple years.
Of the past 5 years APEI 4 years had a positive operating cash flow.
APEI Yearly Net Income VS EBIT VS OCF VS FCFAPEI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 50M -50M -100M

1.2 Ratios

With a decent Return On Assets value of 1.76%, APEI is doing good in the industry, outperforming 60.56% of the companies in the same industry.
The Return On Equity of APEI (3.45%) is better than 60.56% of its industry peers.
APEI has a better Return On Invested Capital (5.66%) than 69.01% 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 11.67%.
The last Return On Invested Capital (5.66%) for APEI is above the 3 year average (2.93%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 1.76%
ROE 3.45%
ROIC 5.66%
ROA(3y)-8.6%
ROA(5y)-3.58%
ROE(3y)-15.62%
ROE(5y)-7.47%
ROIC(3y)2.93%
ROIC(5y)4.1%
APEI Yearly ROA, ROE, ROICAPEI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 10 -10 -20 -30

1.3 Margins

APEI has a Profit Margin (1.64%) which is in line with its industry peers.
APEI has a better Operating Margin (5.61%) than 61.97% of its industry peers.
APEI's Operating Margin has declined in the last couple of years.
APEI's Gross Margin of 51.93% is fine compared to the rest of the industry. APEI outperforms 64.79% of its industry peers.
In the last couple of years the Gross Margin of APEI has declined.
Industry RankSector Rank
OM 5.61%
PM (TTM) 1.64%
GM 51.93%
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%
APEI Yearly Profit, Operating, Gross MarginsAPEI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20 40 60

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6

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), APEI is destroying value.
APEI has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
APEI Yearly Shares OutstandingAPEI Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 5M 10M 15M
APEI Yearly Total Debt VS Total AssetsAPEI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M

2.2 Solvency

APEI has an Altman-Z score of 2.35. 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.
The Altman-Z score of APEI (2.35) is better than 69.01% of its industry peers.
The Debt to FCF ratio of APEI is 4.25, which is a neutral value as it means it would take APEI, 4.25 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of APEI (4.25) is better than 69.01% 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 RankSector Rank
Debt/Equity 0.32
Debt/FCF 4.25
Altman-Z 2.35
ROIC/WACC0.52
WACC10.95%
APEI Yearly LT Debt VS Equity VS FCFAPEI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 100M 200M 300M 400M

2.3 Liquidity

A Current Ratio of 2.65 indicates that APEI has no problem at all paying its short term obligations.
With an excellent Current ratio value of 2.65, APEI belongs to the best of the industry, outperforming 83.10% of the companies in the same industry.
APEI has a Quick Ratio of 2.65. This indicates that APEI is financially healthy and has no problem in meeting its short term obligations.
Looking at the Quick ratio, with a value of 2.65, APEI belongs to the top of the industry, outperforming 84.51% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 2.65
Quick Ratio 2.65
APEI Yearly Current Assets VS Current LiabilitesAPEI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M 200M 250M

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4

3. Growth

3.1 Past

APEI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 128.92%, which is quite impressive.
The Earnings Per Share has been decreasing by -8.13% on average over the past years.
EPS 1Y (TTM)128.92%
EPS 3Y-10.67%
EPS 5Y-8.13%
EPS Q2Q%-1.56%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%15762.78%

3.2 Future

APEI is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 74.32% yearly.
Based on estimates for the next years, APEI will show a small growth in Revenue. The Revenue will grow by 4.20% on average per year.
EPS Next Y86.53%
EPS Next 2Y74.32%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year4.2%
Revenue Next 2Y4.2%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
APEI Yearly Revenue VS EstimatesAPEI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 200M 400M 600M
APEI Yearly EPS VS EstimatesAPEI Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0 2 -2 -4 -6

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5

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 32.64 indicates a quite expensive valuation of APEI.
APEI's Price/Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Earnings ratio of 29.35, APEI is valued at the same level.
With a Price/Forward Earnings ratio of 17.50, APEI is valued on the expensive side.
Based on the Price/Forward Earnings ratio, APEI is valued a bit cheaper than 76.06% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.10, APEI is valued a bit cheaper.
Industry RankSector Rank
PE 32.64
Fwd PE 17.5
APEI Price Earnings VS Forward Price EarningsAPEI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, APEI is valued cheaper than 87.32% of the companies in the same industry.
73.24% of the companies in the same industry are more expensive than APEI, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 18.91
EV/EBITDA 6.33
APEI Per share dataAPEI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

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.
A more expensive valuation may be justified as APEI's earnings are expected to grow with 74.32% in the coming years.
PEG (NY)0.38
PEG (5Y)N/A
EPS Next 2Y74.32%
EPS Next 3YN/A

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0

5. Dividend

5.1 Amount

APEI does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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AMERICAN PUBLIC EDUCATION

NASDAQ:APEI (3/7/2025, 8:05:10 PM)

After market: 23.5 0 (0%)

23.5

+4.25 (+22.08%)

Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryDiversified Consumer Services
Earnings (Last)03-06 2025-03-06/amc
Earnings (Next)05-05 2025-05-05/amc
Inst Owners98.51%
Inst Owner Change3.77%
Ins Owners4%
Ins Owner Change5.79%
Market Cap416.19M
Analysts80
Price Target22.44 (-4.51%)
Short Float %4.7%
Short Ratio8.03
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly Dividend0.33
Dividend Growth(5Y)N/A
DP61.15%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-320.6%
Min EPS beat(2)-688.23%
Max EPS beat(2)47.04%
EPS beat(4)3
Avg EPS beat(4)-36.03%
Min EPS beat(4)-688.23%
Max EPS beat(4)340.32%
EPS beat(8)5
Avg EPS beat(8)-110.72%
EPS beat(12)9
Avg EPS beat(12)200.1%
EPS beat(16)12
Avg EPS beat(16)152.52%
Revenue beat(2)0
Avg Revenue beat(2)-2.55%
Min Revenue beat(2)-2.72%
Max Revenue beat(2)-2.38%
Revenue beat(4)0
Avg Revenue beat(4)-26.26%
Min Revenue beat(4)-99.33%
Max Revenue beat(4)-0.62%
Revenue beat(8)0
Avg Revenue beat(8)-14.22%
Revenue beat(12)0
Avg Revenue beat(12)-10.13%
Revenue beat(16)1
Avg Revenue beat(16)-7.21%
PT rev (1m)0%
PT rev (3m)-4.35%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-1.98%
EPS NY rev (1m)0%
EPS NY rev (3m)-3.03%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.05%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 32.64
Fwd PE 17.5
P/S 0.68
P/FCF 18.91
P/OCF 9.43
P/B 1.43
P/tB 2.05
EV/EBITDA 6.33
EPS(TTM)0.72
EY3.06%
EPS(NY)1.34
Fwd EY5.71%
FCF(TTM)1.24
FCFY5.29%
OCF(TTM)2.49
OCFY10.6%
SpS34.63
BVpS16.4
TBVpS11.44
PEG (NY)0.38
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 1.76%
ROE 3.45%
ROCE 7.16%
ROIC 5.66%
ROICexc 8.54%
ROICexgc 11.8%
OM 5.61%
PM (TTM) 1.64%
GM 51.93%
FCFM 3.59%
ROA(3y)-8.6%
ROA(5y)-3.58%
ROE(3y)-15.62%
ROE(5y)-7.47%
ROIC(3y)2.93%
ROIC(5y)4.1%
ROICexc(3y)3.95%
ROICexc(5y)10.03%
ROICexgc(3y)8.42%
ROICexgc(5y)16.34%
ROCE(3y)3.71%
ROCE(5y)5.19%
ROICexcg growth 3Y-44.64%
ROICexcg growth 5Y-29.6%
ROICexc growth 3Y-42.61%
ROICexc growth 5Y-28.34%
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%
F-Score8
Asset Turnover1.08
Health
Industry RankSector Rank
Debt/Equity 0.32
Debt/FCF 4.25
Debt/EBITDA 1.7
Cap/Depr 107.78%
Cap/Sales 3.61%
Interest Coverage 3.15
Cash Conversion 80.39%
Profit Quality 219.55%
Current Ratio 2.65
Quick Ratio 2.65
Altman-Z 2.35
F-Score8
WACC10.95%
ROIC/WACC0.52
Cap/Depr(3y)55.77%
Cap/Depr(5y)50.37%
Cap/Sales(3y)2.61%
Cap/Sales(5y)2.38%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)128.92%
EPS 3Y-10.67%
EPS 5Y-8.13%
EPS Q2Q%-1.56%
EPS Next Y86.53%
EPS Next 2Y74.32%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%15762.78%
Revenue Next Year4.2%
Revenue Next 2Y4.2%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y2048.44%
EBIT growth 3Y-10.1%
EBIT growth 5Y-10.98%
EBIT Next Year212.55%
EBIT Next 3Y51.86%
EBIT Next 5YN/A
FCF growth 1Y-56.84%
FCF growth 3Y-7.45%
FCF growth 5Y-1.87%
OCF growth 1Y-35.05%
OCF growth 3Y0.52%
OCF growth 5Y0.6%