APOGEE ENTERPRISES INC (APOG) Stock Fundamental Analysis
NASDAQ:APOG - Nasdaq - US0375981091 - Common Stock - Currency: USD
APOG gets a fundamental rating of 5 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. Finally APOG also has an excellent dividend rating. This makes APOG very considerable for value and dividend investing!
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.
Of the past 5 years APOG 4 years were profitable.
APOG had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
The Return On Assets of APOG (8.33%) is comparable to the rest of the industry.
APOG has a better Return On Equity (18.83%) than 65.85% of its industry peers.
APOG has a better Return On Invested Capital (13.56%) than 68.29% of its industry peers.
The Average Return On Invested Capital over the past 3 years for APOG is above the industry average of 12.96%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.33% | ||
| ROE | 18.83% | ||
| ROIC | 13.56% |
ROA(3y)7.68%
ROA(5y)6.01%
ROE(3y)16.11%
ROE(5y)12.68%
ROIC(3y)15.68%
ROIC(5y)12.83%
1.3 Margins
APOG's Profit Margin of 7.14% is in line compared to the rest of the industry. APOG outperforms 46.34% of its industry peers.
APOG's Profit Margin has improved in the last couple of years.
APOG has a Operating Margin of 10.85%. This is comparable to the rest of the industry: APOG outperforms 43.90% of its industry peers.
In the last couple of years the Operating Margin of APOG has grown nicely.
APOG has a worse Gross Margin (27.64%) than 63.41% of its industry peers.
In the last couple of years the Gross Margin of APOG has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 10.85% | ||
| PM (TTM) | 7.14% | ||
| GM | 27.64% |
OM growth 3Y15.66%
OM growth 5Y16.55%
PM growth 3Y77.78%
PM growth 5Y16.63%
GM growth 3Y4.84%
GM growth 5Y4.67%
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.
There is no outstanding debt for APOG. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
2.2 Solvency
An Altman-Z score of 3.02 indicates that APOG is not in any danger for bankruptcy at the moment.
With a Altman-Z score value of 3.02, APOG perfoms like the industry average, outperforming 46.34% of the companies in the same industry.
APOG has a debt to FCF ratio of 2.11. This is a good value and a sign of high solvency as APOG would need 2.11 years to pay back of all of its debts.
APOG has a better Debt to FCF ratio (2.11) than 70.73% of its industry peers.
APOG has a Debt/Equity ratio of 0.52. This is a neutral value indicating APOG is somewhat dependend on debt financing.
APOG has a Debt to Equity ratio (0.52) which is in line with its industry peers.
Although APOG does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.52 | ||
| Debt/FCF | 2.11 | ||
| Altman-Z | 3.02 |
ROIC/WACC1.29
WACC10.49%
2.3 Liquidity
APOG has a Current Ratio of 1.63. 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 1.63 is on the low side compared to the rest of the industry. APOG is outperformed by 68.29% of its industry peers.
A Quick Ratio of 1.27 indicates that APOG should not have too much problems paying its short term obligations.
With a Quick ratio value of 1.27, APOG perfoms like the industry average, outperforming 53.66% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.63 | ||
| Quick Ratio | 1.27 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 3.77% over the past year.
The Earnings Per Share has been growing by 15.82% on average over the past years. This is quite good.
EPS 1Y (TTM)3.77%
EPS 3Y25.82%
EPS 5Y15.82%
EPS Q2Q%-21.93%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-4.46%
3.2 Future
APOG is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -1.84% yearly.
APOG is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.66% yearly.
EPS Next Y-11.01%
EPS Next 2Y-1.84%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year1.53%
Revenue Next 2Y1.66%
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.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 7.94 indicates a rather cheap valuation of APOG.
APOG's Price/Earnings ratio is rather cheap when compared to the industry. APOG is cheaper than 92.68% of the companies in the same industry.
APOG's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.79.
The Price/Forward Earnings ratio is 8.92, which indicates a very decent valuation of APOG.
Based on the Price/Forward Earnings ratio, APOG is valued cheaply inside the industry as 90.24% of the companies are valued more expensively.
APOG's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 21.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.94 | ||
| Fwd PE | 8.92 |
4.2 Price Multiples
97.56% 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 cheaply inside the industry as 95.12% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.69 | ||
| EV/EBITDA | 5.81 |
4.3 Compensation for Growth
The decent profitability rating of APOG may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.5
EPS Next 2Y-1.84%
EPS Next 3YN/A
5. Dividend
5.1 Amount
APOG has a Yearly Dividend Yield of 2.26%. Purely for dividend investing, there may be better candidates out there.
The stock price of APOG dropped by -28.45% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
Compared to an average industry Dividend Yield of 1.28, APOG pays a better dividend. On top of this APOG pays more dividend than 100.00% of the companies listed in the same industry.
APOG's Dividend Yield is comparable with the S&P500 average which is at 2.51.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.26% |
5.2 History
The dividend of APOG is nicely growing with an annual growth rate of 8.03%!
APOG has paid a dividend for at least 10 years, which is a reliable track record.
APOG has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)8.03%
Div Incr Years13
Div Non Decr Years34
5.3 Sustainability
APOG pays out 22.06% of its income as dividend. This is a sustainable payout ratio.
DP22.06%
EPS Next 2Y-1.84%
EPS Next 3YN/A
39.38
-0.7 (-1.75%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryBuilding Products
Earnings (Last)
Earnings (Next)
Inst Owners96.99%
Inst Owner Change0.19%
Ins Owners1.72%
Ins Owner Change0.67%
Market Cap864.39M
Analysts80
Price Target67.49 (71.38%)
Short Float %2.48%
Short Ratio2.29
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.26% |
Yearly Dividend0.95
Dividend Growth(5Y)8.03%
DP22.06%
Div Incr Years13
Div Non Decr Years34
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)9.68%
Min EPS beat(2)4.17%
Max EPS beat(2)15.2%
EPS beat(4)4
Avg EPS beat(4)16.5%
Min EPS beat(4)4.17%
Max EPS beat(4)36.01%
EPS beat(8)8
Avg EPS beat(8)13.71%
EPS beat(12)12
Avg EPS beat(12)20.22%
EPS beat(16)15
Avg EPS beat(16)17.44%
Revenue beat(2)2
Avg Revenue beat(2)0.37%
Min Revenue beat(2)0.13%
Max Revenue beat(2)0.61%
Revenue beat(4)3
Avg Revenue beat(4)0.82%
Min Revenue beat(4)-2.46%
Max Revenue beat(4)5.01%
Revenue beat(8)3
Avg Revenue beat(8)-1.8%
Revenue beat(12)5
Avg Revenue beat(12)-0.29%
Revenue beat(16)8
Avg Revenue beat(16)0.64%
PT rev (1m)0%
PT rev (3m)-17.46%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-17.48%
EPS NY rev (1m)0%
EPS NY rev (3m)-2.38%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.55%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.94 | ||
| Fwd PE | 8.92 | ||
| P/S | 0.63 | ||
| P/FCF | 6.69 | ||
| P/OCF | 5.08 | ||
| P/B | 1.66 | ||
| P/tB | 5.89 | ||
| EV/EBITDA | 5.81 |
EPS(TTM)4.96
EY12.6%
EPS(NY)4.41
Fwd EY11.21%
FCF(TTM)5.88
FCFY14.94%
OCF(TTM)7.75
OCFY19.67%
SpS62.74
BVpS23.78
TBVpS6.69
PEG (NY)N/A
PEG (5Y)0.5
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.33% | ||
| ROE | 18.83% | ||
| ROCE | 16.3% | ||
| ROIC | 13.56% | ||
| ROICexc | 14.24% | ||
| ROICexgc | 24.98% | ||
| OM | 10.85% | ||
| PM (TTM) | 7.14% | ||
| GM | 27.64% | ||
| FCFM | 9.38% |
ROA(3y)7.68%
ROA(5y)6.01%
ROE(3y)16.11%
ROE(5y)12.68%
ROIC(3y)15.68%
ROIC(5y)12.83%
ROICexc(3y)16.47%
ROICexc(5y)13.44%
ROICexgc(3y)24.11%
ROICexgc(5y)20.11%
ROCE(3y)18.85%
ROCE(5y)15.43%
ROICexcg growth 3Y28.97%
ROICexcg growth 5Y21.2%
ROICexc growth 3Y30.43%
ROICexc growth 5Y24.34%
OM growth 3Y15.66%
OM growth 5Y16.55%
PM growth 3Y77.78%
PM growth 5Y16.63%
GM growth 3Y4.84%
GM growth 5Y4.67%
F-Score6
Asset Turnover1.17
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.52 | ||
| Debt/FCF | 2.11 | ||
| Debt/EBITDA | 1.43 | ||
| Cap/Depr | 99.32% | ||
| Cap/Sales | 2.97% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 89.19% | ||
| Profit Quality | 131.34% | ||
| Current Ratio | 1.63 | ||
| Quick Ratio | 1.27 | ||
| Altman-Z | 3.02 |
F-Score6
WACC10.49%
ROIC/WACC1.29
Cap/Depr(3y)84.68%
Cap/Depr(5y)82.97%
Cap/Sales(3y)2.61%
Cap/Sales(5y)2.74%
Profit Quality(3y)821.8%
Profit Quality(5y)661.4%
High Growth Momentum
Growth
EPS 1Y (TTM)3.77%
EPS 3Y25.82%
EPS 5Y15.82%
EPS Q2Q%-21.93%
EPS Next Y-11.01%
EPS Next 2Y-1.84%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-4.46%
Revenue Next Year1.53%
Revenue Next 2Y1.66%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y0.47%
EBIT growth 3Y21.22%
EBIT growth 5Y16.79%
EBIT Next Year32.34%
EBIT Next 3Y10.76%
EBIT Next 5YN/A
FCF growth 1Y235.36%
FCF growth 3Y11.64%
FCF growth 5Y35.15%
OCF growth 1Y160.39%
OCF growth 3Y12.89%
OCF growth 5Y16.19%