AMERICAN PUBLIC EDUCATION (APEI) Stock Fundamental Analysis
NASDAQ:APEI - Nasdaq - US02913V1035 - Common Stock - Currency: USD
Overall APEI gets a fundamental rating of 5 out of 10. We evaluated APEI against 71 industry peers in the Diversified Consumer Services industry. APEI has an excellent financial health rating, but there are some minor concerns on its profitability. APEI is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
APEI had positive earnings in the past year.
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.
APEI had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
APEI's Return On Assets of 3.20% is fine compared to the rest of the industry. APEI outperforms 61.97% of its industry peers.
Looking at the Return On Equity, with a value of 5.98%, APEI is in line with its industry, outperforming 59.15% of the companies in the same industry.
With a decent Return On Invested Capital value of 5.98%, APEI is doing good in the industry, outperforming 70.42% of the companies in the same industry.
APEI had an Average Return On Invested Capital over the past 3 years of 3.11%. This is significantly below the industry average of 10.64%.
The 3 year average ROIC (3.11%) for APEI is below the current ROIC(5.98%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.2% | ||
| ROE | 5.98% | ||
| ROIC | 5.98% |
ROA(3y)-8.83%
ROA(5y)-3.79%
ROE(3y)-15.94%
ROE(5y)-7.48%
ROIC(3y)3.11%
ROIC(5y)3.6%
1.3 Margins
APEI has a Profit Margin (2.92%) which is in line with its industry peers.
In the last couple of years the Profit Margin of APEI has declined.
APEI has a Operating Margin of 7.03%. This is in the better half of the industry: APEI outperforms 63.38% of its industry peers.
APEI's Operating Margin has declined in the last couple of years.
APEI has a better Gross Margin (53.01%) than 63.38% of its industry peers.
In the last couple of years the Gross Margin of APEI has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 7.03% | ||
| PM (TTM) | 2.92% | ||
| GM | 53.01% |
OM growth 3Y-6.39%
OM growth 5Y-3%
PM growth 3Y-27.64%
PM growth 5Y-14.35%
GM growth 3Y-3.61%
GM growth 5Y-2.87%
2. Health
2.1 Basic Checks
APEI has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, APEI has more shares outstanding
APEI has more shares outstanding than it did 5 years ago.
APEI has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.94 indicates that APEI is not a great score, but indicates only limited risk for bankruptcy at the moment.
APEI's Altman-Z score of 2.94 is fine compared to the rest of the industry. APEI outperforms 66.20% of its industry peers.
APEI has a debt to FCF ratio of 2.03. This is a good value and a sign of high solvency as APEI would need 2.03 years to pay back of all of its debts.
APEI's Debt to FCF ratio of 2.03 is amongst the best of the industry. APEI outperforms 80.28% of its industry peers.
A Debt/Equity ratio of 0.30 indicates that APEI is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.30, APEI is in line with its industry, outperforming 47.89% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.3 | ||
| Debt/FCF | 2.03 | ||
| Altman-Z | 2.94 |
ROIC/WACC0.68
WACC8.85%
2.3 Liquidity
APEI has a Current Ratio of 3.27. This indicates that APEI is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 3.27, APEI belongs to the top of the industry, outperforming 84.51% of the companies in the same industry.
APEI has a Quick Ratio of 3.27. This indicates that APEI is financially healthy and has no problem in meeting its short term obligations.
APEI has a Quick ratio of 3.27. This is amongst the best in the industry. APEI outperforms 84.51% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.27 | ||
| Quick Ratio | 3.27 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 151.00% over the past year.
APEI shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -8.13% yearly.
The Revenue has been growing slightly by 4.86% in the past year.
APEI shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 16.88% yearly.
EPS 1Y (TTM)151%
EPS 3Y-10.67%
EPS 5Y-8.13%
EPS Q2Q%272.73%
Revenue 1Y (TTM)4.86%
Revenue growth 3Y14.25%
Revenue growth 5Y16.88%
Sales Q2Q%6.55%
3.2 Future
Based on estimates for the next years, APEI will show a very strong growth in Earnings Per Share. The EPS will grow by 71.31% on average per year.
APEI is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.83% yearly.
EPS Next Y93.14%
EPS Next 2Y71.31%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year5.56%
Revenue Next 2Y4.83%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
APEI is valuated quite expensively with a Price/Earnings ratio of 31.10.
Compared to the rest of the industry, the Price/Earnings ratio of APEI is on the same level as its industry peers.
APEI's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.30.
The Price/Forward Earnings ratio is 15.01, which indicates a correct valuation of APEI.
Compared to the rest of the industry, the Price/Forward Earnings ratio of APEI indicates a somewhat cheap valuation: APEI is cheaper than 77.46% of the companies listed in the same industry.
APEI is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 21.76, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 31.1 | ||
| Fwd PE | 15.01 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, APEI is valued cheaply inside the industry as 84.51% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, APEI is valued cheaper than 85.92% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.34 | ||
| EV/EBITDA | 7.21 |
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.
APEI's earnings are expected to grow with 71.31% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.33
PEG (5Y)N/A
EPS Next 2Y71.31%
EPS Next 3YN/A
5. Dividend
5.1 Amount
No dividends for APEI!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
31.72
+0.73 (+2.36%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryDiversified Consumer Services
Earnings (Last)
Earnings (Next)
Inst Owners93.53%
Inst Owner Change0%
Ins Owners3.98%
Ins Owner Change-19.46%
Market Cap572.23M
Analysts83.33
Price Target33.46 (5.49%)
Short Float %4.4%
Short Ratio2.77
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly Dividend0.34
Dividend Growth(5Y)N/A
DP32.11%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)93.8%
Min EPS beat(2)15.09%
Max EPS beat(2)172.52%
EPS beat(4)3
Avg EPS beat(4)-113.4%
Min EPS beat(4)-688.23%
Max EPS beat(4)172.52%
EPS beat(8)6
Avg EPS beat(8)-77.33%
EPS beat(12)9
Avg EPS beat(12)208.61%
EPS beat(16)12
Avg EPS beat(16)162.57%
Revenue beat(2)0
Avg Revenue beat(2)-0.38%
Min Revenue beat(2)-0.5%
Max Revenue beat(2)-0.25%
Revenue beat(4)0
Avg Revenue beat(4)-1.46%
Min Revenue beat(4)-2.72%
Max Revenue beat(4)-0.25%
Revenue beat(8)0
Avg Revenue beat(8)-13.5%
Revenue beat(12)0
Avg Revenue beat(12)-9.84%
Revenue beat(16)1
Avg Revenue beat(16)-7.13%
PT rev (1m)2.5%
PT rev (3m)29.47%
EPS NQ rev (1m)4.76%
EPS NQ rev (3m)-190.91%
EPS NY rev (1m)7.63%
EPS NY rev (3m)7.63%
Revenue NQ rev (1m)0.13%
Revenue NQ rev (3m)0.23%
Revenue NY rev (1m)0.15%
Revenue NY rev (3m)0.29%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 31.1 | ||
| Fwd PE | 15.01 | ||
| P/S | 0.9 | ||
| P/FCF | 12.34 | ||
| P/OCF | 8.79 | ||
| P/B | 1.85 | ||
| P/tB | 2.58 | ||
| EV/EBITDA | 7.21 |
EPS(TTM)1.02
EY3.22%
EPS(NY)2.11
Fwd EY6.66%
FCF(TTM)2.57
FCFY8.1%
OCF(TTM)3.61
OCFY11.38%
SpS35.18
BVpS17.18
TBVpS12.32
PEG (NY)0.33
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.2% | ||
| ROE | 5.98% | ||
| ROCE | 9.01% | ||
| ROIC | 5.98% | ||
| ROICexc | 10.51% | ||
| ROICexgc | 15.26% | ||
| OM | 7.03% | ||
| PM (TTM) | 2.92% | ||
| GM | 53.01% | ||
| FCFM | 7.3% |
ROA(3y)-8.83%
ROA(5y)-3.79%
ROE(3y)-15.94%
ROE(5y)-7.48%
ROIC(3y)3.11%
ROIC(5y)3.6%
ROICexc(3y)4.28%
ROICexc(5y)7.29%
ROICexgc(3y)5.95%
ROICexgc(5y)12.03%
ROCE(3y)4.69%
ROCE(5y)5.43%
ROICexcg growth 3Y-9.61%
ROICexcg growth 5Y-11.95%
ROICexc growth 3Y18.82%
ROICexc growth 5Y-11.02%
OM growth 3Y-6.39%
OM growth 5Y-3%
PM growth 3Y-27.64%
PM growth 5Y-14.35%
GM growth 3Y-3.61%
GM growth 5Y-2.87%
F-Score9
Asset Turnover1.1
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.3 | ||
| Debt/FCF | 2.03 | ||
| Debt/EBITDA | 1.5 | ||
| Cap/Depr | 103.3% | ||
| Cap/Sales | 2.96% | ||
| Interest Coverage | 4.29 | ||
| Cash Conversion | 103.69% | ||
| Profit Quality | 250.09% | ||
| Current Ratio | 3.27 | ||
| Quick Ratio | 3.27 | ||
| Altman-Z | 2.94 |
F-Score9
WACC8.85%
ROIC/WACC0.68
Cap/Depr(3y)70.06%
Cap/Depr(5y)62.9%
Cap/Sales(3y)2.8%
Cap/Sales(5y)2.55%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)151%
EPS 3Y-10.67%
EPS 5Y-8.13%
EPS Q2Q%272.73%
EPS Next Y93.14%
EPS Next 2Y71.31%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)4.86%
Revenue growth 3Y14.25%
Revenue growth 5Y16.88%
Sales Q2Q%6.55%
Revenue Next Year5.56%
Revenue Next 2Y4.83%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y38.89%
EBIT growth 3Y6.95%
EBIT growth 5Y13.38%
EBIT Next Year185.71%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y51411.1%
FCF growth 3Y84.29%
FCF growth 5Y-2.23%
OCF growth 1Y289.51%
OCF growth 3Y44.29%
OCF growth 5Y4.96%