APOGEE ENTERPRISES INC (APOG) Stock Fundamental Analysis
NASDAQ:APOG - Nasdaq - US0375981091 - Common Stock - Currency: USD
Taking everything into account, APOG scores 4 out of 10 in our fundamental rating. APOG was compared to 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.
APOG had a positive operating cash flow in the past year.
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
The Return On Assets of APOG (4.44%) is worse than 63.41% of its industry peers.
APOG has a Return On Equity (10.66%) which is in line with its industry peers.
APOG's Return On Invested Capital of 7.34% is on the low side compared to the rest of the industry. APOG is outperformed by 65.85% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for APOG 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
The Profit Margin of APOG (3.73%) is worse than 70.73% of its industry peers.
APOG's Profit Margin has improved in the last couple of years.
The Operating Margin of APOG (6.31%) is worse than 73.17% of its industry peers.
APOG's Operating Margin has improved in the last couple of years.
The Gross Margin of APOG (24.57%) is worse than 73.17% of its industry peers.
APOG's Gross Margin has improved in the last couple of years.
| 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.
The number of shares outstanding for APOG has been reduced compared to 1 year ago.
APOG has less shares outstanding than it did 5 years ago.
APOG has a worse debt/assets ratio than last year.
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.
The Debt to FCF ratio of APOG (4.83) is comparable to the rest of the industry.
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/WACC0.75
WACC9.77%
2.3 Liquidity
A Current Ratio of 1.77 indicates that APOG should not have too much problems paying its short term obligations.
The Current ratio of APOG (1.77) is comparable to the rest of the industry.
A Quick Ratio of 1.36 indicates that APOG should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.36, APOG is in line with its industry, outperforming 53.66% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.77 | ||
| Quick Ratio | 1.36 |
3. Growth
3.1 Past
APOG shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -21.08%.
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
Based on estimates for the next years, APOG will show a decrease in Earnings Per Share. The EPS will decrease by -9.04% on average per year.
APOG is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.41% yearly.
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
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
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
Based on the Price/Earnings ratio of 10.59, the valuation of APOG can be described as reasonable.
87.80% of the companies in the same industry are more expensive than APOG, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of APOG to the average of the S&P500 Index (27.28), we can say APOG is valued rather cheaply.
With a Price/Forward Earnings ratio of 10.53, the valuation of APOG can be described as very reasonable.
Compared to the rest of the industry, the Price/Forward Earnings ratio of APOG indicates a rather cheap valuation: APOG is cheaper than 90.24% 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 (21.76), we can say APOG is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.59 | ||
| Fwd PE | 10.53 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, APOG is valued cheaply inside the industry as 85.37% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, APOG is valued cheaply inside the industry as 80.49% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.47 | ||
| EV/EBITDA | 9.04 |
4.3 Compensation for Growth
A cheap valuation may be justified as APOG's earnings are expected to decrease with -9.04% in the coming years.
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 2.51%.
Compared to an average industry Dividend Yield of 1.19, 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 2.42.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.51% |
5.2 History
The dividend of APOG is nicely growing with an annual growth rate of 7.36%!
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)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.
The Dividend Rate of APOG has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP53.08%
EPS Next 2Y-9.04%
EPS Next 3YN/A
43.21
+1.78 (+4.3%)
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 Cap932.04M
Analysts80
Price Target55.76 (29.04%)
Short Float %2.43%
Short Ratio2.11
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.51% |
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 | 10.59 | ||
| Fwd PE | 10.53 | ||
| P/S | 0.68 | ||
| P/FCF | 14.47 | ||
| P/OCF | 9.33 | ||
| P/B | 1.93 | ||
| P/tB | 7.39 | ||
| EV/EBITDA | 9.04 |
EPS(TTM)4.08
EY9.44%
EPS(NY)4.1
Fwd EY9.5%
FCF(TTM)2.99
FCFY6.91%
OCF(TTM)4.63
OCFY10.72%
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
WACC9.77%
ROIC/WACC0.75
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%