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APEX

APEX Investment Company P.S.C ADX:APEX Stock Report

Last Price

د.إ4.95

Market Cap

د.إ17.6b

7D

1.0%

1Y

52.3%

Updated

15 Aug, 2022

Data

Company Financials
APEX fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends0/6

APEX Stock Overview

APEX Investment Company P.S.C. produces and markets clinker and cement in the United Arab Emirates and internationally.

APEX Investment Company P.S.C Competitors

Price History & Performance

Summary of all time highs, changes and price drops for APEX Investment Company P.S.C
Historical stock prices
Current Share Priceد.إ4.95
52 Week Highد.إ8.70
52 Week Lowد.إ2.48
Beta0.13
1 Month Change-1.00%
3 Month Change-3.51%
1 Year Change52.31%
3 Year Change673.44%
5 Year Change551.32%
Change since IPO471.73%

Recent News & Updates

Jul 18
APEX Investment Company P.S.C (ADX:APEX) Is Looking To Continue Growing Its Returns On Capital

APEX Investment Company P.S.C (ADX:APEX) Is Looking To Continue Growing Its Returns On Capital

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...

May 09
APEX Investment Company P.S.C's (ADX:APEX) Weak Earnings Might Be Worse Than They Appear

APEX Investment Company P.S.C's (ADX:APEX) Weak Earnings Might Be Worse Than They Appear

APEX Investment Company P.S.C.'s ( ADX:APEX ) stock wasn't much affected by its recent lackluster earnings numbers. We...

Shareholder Returns

APEXAE Basic MaterialsAE Market
7D1.0%-0.4%2.8%
1Y52.3%41.0%30.7%

Return vs Industry: APEX exceeded the AE Basic Materials industry which returned 41% over the past year.

Return vs Market: APEX exceeded the AE Market which returned 30.7% over the past year.

Price Volatility

Is APEX's price volatile compared to industry and market?
APEX volatility
APEX Average Weekly Movement5.0%
Basic Materials Industry Average Movement7.4%
Market Average Movement4.5%
10% most volatile stocks in AE Market8.3%
10% least volatile stocks in AE Market2.7%

Stable Share Price: APEX is not significantly more volatile than the rest of AE stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: APEX's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1995n/aAhmed Ali Alnuaimihttps://www.rakcc.ae

APEX Investment Company P.S.C. produces and markets clinker and cement in the United Arab Emirates and internationally. It offers portland, masonry, oil well, Sulfate resistant portland, powercrete, and moderate Sulfate resistant Portland cement. The company was formerly known as Ras Al Khaimah Cement Company P.S.C.

APEX Investment Company P.S.C Fundamentals Summary

How do APEX Investment Company P.S.C's earnings and revenue compare to its market cap?
APEX fundamental statistics
Market Capد.إ17.59b
Earnings (TTM)د.إ113.87m
Revenue (TTM)د.إ530.77m

154.5x

P/E Ratio

33.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
APEX income statement (TTM)
Revenueد.إ530.77m
Cost of Revenueد.إ397.67m
Gross Profitد.إ133.10m
Other Expensesد.إ19.23m
Earningsد.إ113.87m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.032
Gross Margin25.08%
Net Profit Margin21.45%
Debt/Equity Ratio0.9%

How did APEX perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is APEX undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for APEX?

Other financial metrics that can be useful for relative valuation.

APEX key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue31.9x
Enterprise Value/EBITDA157.2x
PEG Ration/a

Price to Sales Ratio vs Peers

How does APEX's PS Ratio compare to its peers?

APEX PS Ratio vs Peers
The above table shows the PS ratio for APEX vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average3.1x
EMSTEEL Arkan Building Materials Company (ARKAN) PJSC
1.2xn/aد.إ8.5b
RAKWCT Ras Al Khaimah for White Cement & Construction Materials P.S.C
4.3xn/aد.إ1.0b
NCC National Cement Company (Public Shareholding)
5.6xn/aد.إ803.7m
FBI Fujairah Building Industries P.J.S.C
1.7xn/aد.إ296.5m
APEX APEX Investment Company P.S.C
33.1xn/aد.إ17.6b

Price-To-Sales vs Peers: APEX is expensive based on its Price-To-Sales Ratio (33.1x) compared to the peer average (3.1x).


Price to Earnings Ratio vs Industry

How does APEX's PE Ratio compare vs other companies in the Asian Basic Materials Industry?

Price-To-Sales vs Industry: APEX is expensive based on its Price-To-Sales Ratio (33.1x) compared to the AE Basic Materials industry average (1.8x)


Price to Sales Ratio vs Fair Ratio

What is APEX's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

APEX PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio33.1x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate APEX's Price-To-Sales Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of APEX when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: APEX (AED4.95) is trading above our estimate of fair value (AED0.53)

Significantly Below Fair Value: APEX is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is APEX Investment Company P.S.C forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


17.6%

Forecasted Materials industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as APEX Investment Company P.S.C has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


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Past Performance

How has APEX Investment Company P.S.C performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


10.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: APEX has a large one-off gain of AED30.6M impacting its June 30 2022 financial results.

Growing Profit Margin: APEX became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: APEX has become profitable over the past 5 years, growing earnings by 10.8% per year.

Accelerating Growth: APEX has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: APEX has become profitable in the last year, making it difficult to compare its past year earnings growth to the Basic Materials industry (-9.8%).


Return on Equity

High ROE: APEX's Return on Equity (5.8%) is considered low.


Discover strong past performing companies

Financial Health

How is APEX Investment Company P.S.C's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: APEX's short term assets (AED1.7B) exceed its short term liabilities (AED258.7M).

Long Term Liabilities: APEX's short term assets (AED1.7B) exceed its long term liabilities (AED4.1M).


Debt to Equity History and Analysis

Debt Level: APEX has more cash than its total debt.

Reducing Debt: APEX's debt to equity ratio has reduced from 3.8% to 0.9% over the past 5 years.

Debt Coverage: APEX's debt is well covered by operating cash flow (586.4%).

Interest Coverage: APEX's interest payments on its debt are well covered by EBIT (78.1x coverage).


Balance Sheet


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Dividend

What is APEX Investment Company P.S.C current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate APEX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate APEX's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if APEX's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if APEX's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: APEX is not paying a notable dividend for the AE market.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as APEX has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

0.4yrs

Average board tenure


CEO

Ahmed Ali Alnuaimi

no data

Tenure

Mr. Ahmed Ali Anoon Alnaeemi serves as General Manager of Ras Al Khaimah Cement Company-P.S.C.


Board Members

Experienced Board: APEX's board of directors are not considered experienced ( 0.4 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 606.2%.


Top Shareholders

Company Information

APEX Investment Company P.S.C.'s employee growth, exchange listings and data sources


Key Information

  • Name: APEX Investment Company P.S.C.
  • Ticker: APEX
  • Exchange: ADX
  • Founded: 1995
  • Industry: Construction Materials
  • Sector: Materials
  • Implied Market Cap: د.إ17.588b
  • Shares outstanding: 3.55b
  • Website: https://www.rakcc.ae

Location

  • APEX Investment Company P.S.C.
  • PO Box 2499
  • Khor Khwair
  • Ras al-Khaimah
  • United Arab Emirates

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/15 00:00
End of Day Share Price2022/08/15 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.