APOGEE ENTERPRISES INC (APOG) Stock Fundamental Analysis
NASDAQ:APOG - Nasdaq - US0375981091 - Common Stock - Currency: USD
We assign a fundamental rating of 6 out of 10 to APOG. APOG was compared to 40 industry peers in the Building Products industry. APOG has only an average score on both its financial health and profitability. APOG has a bad growth rate and is valued cheaply. Finally APOG also has an excellent dividend rating. With these ratings, APOG could be worth investigating further for value and dividend investing!.
1. Profitability
1.1 Basic Checks
In the past year APOG was profitable.
In the past year APOG had a positive cash flow from operations.
In the past 5 years APOG has always been profitable.
Each year in the past 5 years APOG had a positive operating cash flow.
1.2 Ratios
APOG's Return On Assets of 8.33% is in line compared to the rest of the industry. APOG outperforms 57.50% of its industry peers.
Looking at the Return On Equity, with a value of 18.83%, APOG is in the better half of the industry, outperforming 62.50% of the companies in the same industry.
APOG has a Return On Invested Capital of 13.56%. This is in the better half of the industry: APOG outperforms 67.50% of its industry peers.
APOG had an Average Return On Invested Capital over the past 3 years of 15.68%. This is above the industry average of 13.20%.
| 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
Looking at the Profit Margin, with a value of 7.14%, APOG is doing worse than 60.00% of the companies in the same industry.
In the last couple of years the Profit Margin of APOG has grown nicely.
APOG has a Operating Margin of 10.85%. This is in the lower half of the industry: APOG underperforms 60.00% of its industry peers.
APOG's Operating Margin has improved in the last couple of years.
The Gross Margin of APOG (27.64%) is worse than 67.50% of its industry peers.
APOG's Gross Margin has improved in the last couple of years.
| 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
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.
APOG has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 3.20 indicates that APOG is not in any danger for bankruptcy at the moment.
APOG has a Altman-Z score of 3.20. This is comparable to the rest of the industry: APOG outperforms 45.00% of its industry peers.
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's Debt to FCF ratio of 2.11 is fine compared to the rest of the industry. APOG outperforms 67.50% of its industry peers.
A Debt/Equity ratio of 0.52 indicates that APOG is somewhat dependend on debt financing.
The Debt to Equity ratio of APOG (0.52) is comparable to the rest of the industry.
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 | 3.2 |
ROIC/WACC1.27
WACC10.7%
2.3 Liquidity
A Current Ratio of 1.63 indicates that APOG should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.63, APOG is doing worse than 72.50% of the companies in the same industry.
APOG has a Quick Ratio of 1.27. This is a normal value and indicates that APOG is financially healthy and should not expect problems in meeting its short term obligations.
With a Quick ratio value of 1.27, APOG perfoms like the industry average, outperforming 52.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.63 | ||
| Quick Ratio | 1.27 |
3. Growth
3.1 Past
APOG shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 15.78%, which is quite good.
The Earnings Per Share has been growing by 10.21% 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 -1.58% in the last year.
APOG shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 0.20% yearly.
EPS 1Y (TTM)15.78%
EPS 3Y25.64%
EPS 5Y10.21%
EPS Q2Q%-3.25%
Revenue 1Y (TTM)-1.58%
Revenue growth 3Y4.81%
Revenue growth 5Y0.2%
Sales Q2Q%0.48%
3.2 Future
The Earnings Per Share is expected to decrease by -0.01% on average over the next years.
The Revenue is expected to decrease by 0.00% on average over the next years.
EPS Next Y5.61%
EPS Next 2Y-3.9%
EPS Next 3Y-0.01%
EPS Next 5YN/A
Revenue Next Year-3.17%
Revenue Next 2Y-0.56%
Revenue Next 3Y0%
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.
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
APOG is valuated reasonably with a Price/Earnings ratio of 9.24.
Based on the Price/Earnings ratio, APOG is valued cheaply inside the industry as 97.50% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 29.63. APOG is valued rather cheaply when compared to this.
The Price/Forward Earnings ratio is 10.91, which indicates a very decent valuation of APOG.
Compared to the rest of the industry, the Price/Forward Earnings ratio of APOG indicates a rather cheap valuation: APOG is cheaper than 82.50% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of APOG to the average of the S&P500 Index (22.68), we can say APOG is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.24 | ||
| Fwd PE | 10.91 |
4.2 Price Multiples
APOG's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. APOG is cheaper than 92.50% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, APOG is valued cheaply inside the industry as 92.50% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.19 | ||
| EV/EBITDA | 6.84 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
APOG has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)1.65
PEG (5Y)0.91
EPS Next 2Y-3.9%
EPS Next 3Y-0.01%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.11%, APOG has a reasonable but not impressive dividend return.
The stock price of APOG dropped by -42.13% 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 1.10, APOG pays a better dividend. On top of this APOG pays more dividend than 100.00% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.29, APOG has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.11% |
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
22.06% of the earnings are spent on dividend by APOG. This is a low number and sustainable payout ratio.
DP22.06%
EPS Next 2Y-3.9%
EPS Next 3Y-0.01%
48.16
-0.83 (-1.69%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryBuilding Products
Earnings (Last)
Earnings (Next)
Inst Owners96.45%
Inst Owner Change1%
Ins Owners1.68%
Ins Owner Change0.59%
Market Cap1.06B
Analysts80
Price Target67.49 (40.14%)
Short Float %2.6%
Short Ratio2.15
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.11% |
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)-17.46%
PT rev (3m)-17.46%
EPS NQ rev (1m)-17.48%
EPS NQ rev (3m)-23.7%
EPS NY rev (1m)-2.38%
EPS NY rev (3m)-2.38%
Revenue NQ rev (1m)-2.55%
Revenue NQ rev (3m)-1.01%
Revenue NY rev (1m)0.07%
Revenue NY rev (3m)0.07%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.24 | ||
| Fwd PE | 10.91 | ||
| P/S | 0.77 | ||
| P/FCF | 8.19 | ||
| P/OCF | 6.22 | ||
| P/B | 2.02 | ||
| P/tB | 7.2 | ||
| EV/EBITDA | 6.84 |
EPS(TTM)5.21
EY10.82%
EPS(NY)4.41
Fwd EY9.17%
FCF(TTM)5.88
FCFY12.21%
OCF(TTM)7.75
OCFY16.08%
SpS62.74
BVpS23.78
TBVpS6.69
PEG (NY)1.65
PEG (5Y)0.91
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 | 3.2 |
F-Score6
WACC10.7%
ROIC/WACC1.27
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)15.78%
EPS 3Y25.64%
EPS 5Y10.21%
EPS Q2Q%-3.25%
EPS Next Y5.61%
EPS Next 2Y-3.9%
EPS Next 3Y-0.01%
EPS Next 5YN/A
Revenue 1Y (TTM)-1.58%
Revenue growth 3Y4.81%
Revenue growth 5Y0.2%
Sales Q2Q%0.48%
Revenue Next Year-3.17%
Revenue Next 2Y-0.56%
Revenue Next 3Y0%
Revenue Next 5YN/A
EBIT growth 1Y0.47%
EBIT growth 3Y21.22%
EBIT growth 5Y16.79%
EBIT Next Year32.16%
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%