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APGN

APG|SGASWX:APGN Stock Report

Market Cap

CHF632.8m

7D

-0.9%

1Y

15.6%

Updated

24 Oct, 2021

Data

Company Financials +
APGN fundamental analysis
Snowflake Score
Valuation2/6
Future Growth1/6
Past Performance3/6
Financial Health6/6
Dividends0/6

APGN Overview

APG|SGA SA, a media company, provides out of home advertising services primarily in Switzerland and Serbia.

APG|SGA Competitors

Lamar Advertising Company (REIT)

NasdaqGS:LAMR

US$11.7b

JCDecaux

ENXTPA:DEC

€4.8b

Ströer SE KGaA

XTRA:SAX

€4.1b

Outfront Media (REIT)

NYSE:OUT

US$3.7b

Price History & Performance

Summary of all time highs, changes and price drops for APG|SGA
Historical stock prices
Current Share PriceCHF211.50
52 Week HighCHF166.80
52 Week LowCHF247.50
Beta0.99
1 Month Change-0.70%
3 Month Change-8.04%
1 Year Change15.57%
3 Year Change-37.52%
5 Year Change-48.63%
Change since IPO17.99%

Recent News & Updates

Jun 02
What Does APG|SGA SA's (VTX:APGN) Share Price Indicate?

What Does APG|SGA SA's (VTX:APGN) Share Price Indicate?

While APG|SGA SA ( VTX:APGN ) might not be the most widely known stock at the moment, it received a lot of attention...

May 16
Returns On Capital Signal Difficult Times Ahead For APG|SGA (VTX:APGN)

Returns On Capital Signal Difficult Times Ahead For APG|SGA (VTX:APGN)

What underlying fundamental trends can indicate that a company might be in decline? More often than not, we'll see a...

Mar 17
Is APG|SGA SA's (VTX:APGN) Recent Stock Performance Influenced By Its Fundamentals In Any Way?

Is APG|SGA SA's (VTX:APGN) Recent Stock Performance Influenced By Its Fundamentals In Any Way?

Most readers would already be aware that APG|SGA's (VTX:APGN) stock increased significantly by 13% over the past week...

Shareholder Returns

APGNCH MediaCH Market
7D-0.9%-0.3%0.6%
1Y15.6%19.8%21.7%

Return vs Industry: APGN underperformed the Swiss Media industry which returned 19.8% over the past year.

Return vs Market: APGN underperformed the Swiss Market which returned 21.7% over the past year.

Price Volatility

Is APGN's price volatile compared to industry and market?
APGN volatility
APGN Beta0.99
Industry Beta1.04
Market Beta1

Stable Share Price: APGN is not significantly more volatile than the rest of Swiss stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: APGN's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1900491Markus Ehrlehttps://www.apgsga.ch

APG|SGA SA, a media company, provides out of home advertising services primarily in Switzerland and Serbia. It offers its products in various formats, including posters, public transport interior and exterior formats, special solutions and promotions, screen formats, mobile ads, and interactive products on the streets, in railway stations, in shopping centers, and at points of interest. The company was formerly known as Affichage Holding SA and changed its name to APG|SGA SA in July 2012.

APG|SGA Fundamentals Summary

How do APG|SGA's earnings and revenue compare to its market cap?
APGN fundamental statistics
Market CapCHF632.78m
Earnings (TTM)CHF19.34m
Revenue (TTM)CHF261.77m

32.7x

P/E Ratio

2.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
APGN income statement (TTM)
RevenueCHF261.77m
Cost of RevenueCHF209.10m
Gross ProfitCHF52.67m
ExpensesCHF33.33m
EarningsCHF19.34m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)6.46
Gross Margin20.12%
Net Profit Margin7.39%
Debt/Equity Ratio0.0%

How did APGN perform over the long term?

See historical performance and comparison

Valuation

Is APG|SGA undervalued compared to its fair value and its price relative to the market?

43.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: APGN (CHF211.5) is trading below our estimate of fair value (CHF373.74)

Significantly Below Fair Value: APGN is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: APGN is poor value based on its PE Ratio (32.7x) compared to the European Media industry average (17x).

PE vs Market: APGN is poor value based on its PE Ratio (32.7x) compared to the Swiss market (21.2x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate APGN's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: APGN is overvalued based on its PB Ratio (6.9x) compared to the XE Media industry average (1.8x).


Future Growth

How is APG|SGA forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

2.7%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if APGN's forecast earnings growth is above the savings rate (-0.3%).

Earnings vs Market: Insufficient data to determine if APGN's earnings are forecast to grow faster than the Swiss market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: APGN's revenue (2.7% per year) is forecast to grow slower than the Swiss market (5.2% per year).

High Growth Revenue: APGN's revenue (2.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: APGN's Return on Equity is forecast to be high in 3 years time (30.2%)


Past Performance

How has APG|SGA performed over the past 5 years?

-26.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: APGN has a high level of non-cash earnings.

Growing Profit Margin: APGN's current net profit margins (7.4%) are higher than last year (6.3%).


Past Earnings Growth Analysis

Earnings Trend: APGN's earnings have declined by 26.2% per year over the past 5 years.

Accelerating Growth: APGN's earnings growth over the past year (11.3%) exceeds its 5-year average (-26.2% per year).

Earnings vs Industry: APGN earnings growth over the past year (11.3%) underperformed the Media industry 43.3%.


Return on Equity

High ROE: APGN's Return on Equity (21.2%) is considered high.


Financial Health

How is APG|SGA's financial position?


Financial Position Analysis

Short Term Liabilities: APGN's short term assets (CHF116.0M) exceed its short term liabilities (CHF98.1M).

Long Term Liabilities: APGN's short term assets (CHF116.0M) exceed its long term liabilities (CHF10.0M).


Debt to Equity History and Analysis

Debt Level: APGN is debt free.

Reducing Debt: APGN has not had any debt for past 5 years.

Debt Coverage: APGN has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: APGN has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is APG|SGA current dividend yield, its reliability and sustainability?

5.32%

Forecast Dividend Yield


Dividend Yield vs Market

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

High Dividend: Unable to evaluate APGN'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 APGN's dividends per share have been stable in the past.

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


Current Payout to Shareholders

Dividend Coverage: APGN is not paying a notable dividend for the Swiss market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of APGN's dividend in 3 years as they are not forecast to pay a notable one for the Swiss market.


Next Steps

Management

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

7.3yrs

Average management tenure


CEO

Markus Ehrle (56 yo)

7.33yrs

Tenure

CHF836,000

Compensation

Mr. Markus Ehrle has been the Chief Executive Officer and Member of Executive Board at APG|SGA SA (formerly know as Affichage Holding SA) since June 1, 2014 and April 01, 2011 respectively. Mr. Ehrle serve...


CEO Compensation Analysis

Compensation vs Market: Markus's total compensation ($USD911.93K) is about average for companies of similar size in the Swiss market ($USD1.25M).

Compensation vs Earnings: Markus's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: APGN's management team is seasoned and experienced (7.3 years average tenure).


Board Members

Experienced Board: APGN's board of directors are considered experienced (6.4 years average tenure).


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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

APG|SGA SA's employee growth, exchange listings and data sources


Key Information

  • Name: APG|SGA SA
  • Ticker: APGN
  • Exchange: SWX
  • Founded: 1900
  • Industry: Advertising
  • Sector: Media
  • Market Cap: CHF632.779m
  • Shares outstanding: 2.99m
  • Website: https://www.apgsga.ch

Number of Employees


Location

  • APG|SGA SA
  • Carrefour de Rive 1
  • Geneva
  • Geneva
  • 1207
  • Switzerland

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/24 17:01
End of Day Share Price2021/10/22 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.