Apogee Enterprises Valuation

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

ANP (€78) is trading above our estimate of [[fair value]] (€55.85)

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

Valuation Score

1/6

Valuation Score 1/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: ANP (€78) is trading above our estimate of fair value (€55.85)

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

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for ANP. This is calculated by dividing ANP's market cap by their current preferred multiple.
What is ANP's n/a Ratio?
n/a	0x
n/a	n/a
Market Cap	n/a

ANP 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/Revenue	1.4x
Enterprise Value/EBITDA	9.6x
PEG Ratio	4.9x

Price to Earnings Ratio vs Peers

How does ANP's PE Ratio compare to its peers?

The above table shows the PE ratio for ANP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	15.3x
VIB3 Villeroy & Boch	15.6x	43.5%	€439.0m
ST5 STEICO	11.2x	-6.9%	€309.8m
WUG Westag	24.1x	n/a	€117.0m
TSS InnoTec TSS	10.2x	n/a	€59.3m
ANP Apogee Enterprises	17.7x	3.6%	€1.8b

Price-To-Earnings vs Peers: ANP is expensive based on its Price-To-Earnings Ratio (17.7x) compared to the peer average (15.3x).

Price to Earnings Ratio vs Industry

How does ANP's PE Ratio compare vs other companies in the European Building Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	12.7%
	n/a	n/a	n/a

Fetching data

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	12.7%
	n/a	n/a	n/a

No more companies

Price-To-Earnings vs Industry: ANP is good value based on its Price-To-Earnings Ratio (17.7x) compared to the European Building industry average (19x).

Price to Earnings Ratio vs Fair Ratio

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

ANP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	17.7x
Fair PE Ratio	12.4x

Price-To-Earnings vs Fair Ratio: ANP is expensive based on its Price-To-Earnings Ratio (17.7x) compared to the estimated Fair Price-To-Earnings Ratio (12.4x).

Analyst Price Targets

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

The above table shows the analyst ANP forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	€78.00	€75.65 -3.0%	9.6%	€82.95	€68.36	n/a	2
Oct ’25	€62.00	€64.87 +4.6%	10.3%	€71.58	€58.16	n/a	2
Sep ’25	€60.00	€62.14 +3.6%	2.3%	€63.54	€60.74	n/a	2
Aug ’25	€62.00	€62.14 +0.2%	2.3%	€63.54	€60.74	n/a	2
Jul ’25	€57.50	€62.14 +8.1%	2.3%	€63.54	€60.74	n/a	2
Jun ’25	€59.50	€60.08 +1.0%	6.3%	€63.84	€56.33	n/a	2
May ’25	€57.50	€60.08 +4.5%	6.3%	€63.84	€56.33	n/a	2
Apr ’25	€54.50	€52.09 -4.4%	11.5%	€58.09	€46.10	n/a	2
Mar ’25	€52.50	€52.09 -0.8%	11.5%	€58.09	€46.10	n/a	2
Feb ’25	€49.40	€50.44 +2.1%	9.4%	€58.31	€46.28	n/a	4
Jan ’25	€48.00	€48.35 +0.7%	5.8%	€52.66	€45.40	n/a	4
Dec ’24	€42.40	€49.25 +16.2%	3.9%	€51.60	€46.91	n/a	4
Nov ’24	€41.00	€49.25 +20.1%	3.9%	€51.60	€46.91	€69.00	4
Oct ’24	€44.20	€49.25 +11.4%	3.9%	€51.60	€46.91	€62.00	4
Sep ’24	€47.40	€47.76 +0.8%	3.6%	€50.52	€45.93	€60.00	4
Aug ’24	€44.80	€47.68 +6.4%	3.6%	€50.44	€45.85	€62.00	4
Jul ’24	€43.40	€47.68 +9.9%	3.6%	€50.44	€45.85	€57.50	4
Jun ’24	€34.60	€43.44 +25.6%	6.6%	€47.07	€39.82	€59.50	4
May ’24	€38.40	€43.44 +13.1%	6.6%	€47.07	€39.82	€57.50	4
Apr ’24	€39.80	€44.25 +11.2%	6.9%	€48.28	€40.85	€54.50	3
Mar ’24	€43.20	€43.88 +1.6%	7.5%	€49.07	€40.57	€52.50	4
Feb ’24	€42.80	€43.88 +2.5%	7.5%	€49.07	€40.57	€49.40	4
Jan ’24	€41.20	€43.88 +6.5%	7.5%	€49.07	€40.57	€48.00	4
Dec ’23	€45.80	€47.20 +3.1%	7.5%	€52.78	€43.65	€42.40	4
Nov ’23	€45.60	€47.20 +3.5%	7.5%	€52.78	€43.65	€41.00	4

Analyst Forecast: Target price is lower than the current share price.