DB:APR

Stock Analysis Report

Executive Summary

Amper, S.A. provides technological solutions in Madrid and internationally.


Snowflake Analysis

Flawless balance sheet with solid track record.


Similar Companies

Share Price & News

How has Amper's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: APR has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-7.4%

APR

-13.8%

DE Communications

-5.7%

DE Market


1 Year Return

-2.8%

APR

-12.1%

DE Communications

6.1%

DE Market

Return vs Industry: APR exceeded the German Communications industry which returned -12.1% over the past year.

Return vs Market: APR underperformed the German Market which returned 6.1% over the past year.


Shareholder returns

APRIndustryMarket
7 Day-7.4%-13.8%-5.7%
30 Day-10.7%-13.6%-5.7%
90 Day-8.9%-17.7%-3.6%
1 Year-2.8%-2.8%-11.6%-12.1%9.3%6.1%
3 Yearn/a-18.7%-18.9%8.9%-0.7%
5 Year222.2%-54.8%72.4%72.1%13.6%-2.0%

Price Volatility Vs. Market

How volatile is Amper's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Amper undervalued compared to its fair value and its price relative to the market?

14.12x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: APR (€0.25) is trading above our estimate of fair value (€0.11)

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


Price To Earnings Ratio

PE vs Industry: APR is good value based on its PE Ratio (14.1x) compared to the Communications industry average (18.5x).

PE vs Market: APR is good value based on its PE Ratio (14.1x) compared to the German market (20.2x).


Price to Earnings Growth Ratio

PEG Ratio: APR's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: APR is overvalued based on its PB Ratio (4.6x) compared to the DE Communications industry average (3x).


Next Steps

Future Growth

How is Amper forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

-1.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: APR's earnings are forecast to decline over the next 3 years (-1.3% per year).

Earnings vs Market: APR's earnings are forecast to decline over the next 3 years (-1.3% per year).

High Growth Earnings: APR's earnings are forecast to decline over the next 3 years.

Revenue vs Market: APR's revenue (1.7% per year) is forecast to grow slower than the German market (5.1% per year).

High Growth Revenue: APR's revenue (1.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: APR's Return on Equity is forecast to be high in 3 years time (21.9%)


Next Steps

Past Performance

How has Amper performed over the past 5 years?

19.8%

Historical annual earnings growth


Earnings and Revenue History

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

Growing Profit Margin: APR's current net profit margins (10.9%) are higher than last year (6.6%).


Past Earnings Growth Analysis

Earnings Trend: APR has become profitable over the past 5 years, growing earnings by 19.8% per year.

Accelerating Growth: APR's earnings growth over the past year (114.3%) exceeds its 5-year average (19.8% per year).

Earnings vs Industry: APR earnings growth over the past year (114.3%) exceeded the Communications industry 31.6%.


Return on Equity

High ROE: APR's Return on Equity (37.9%) is considered high.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Amper's financial position?


Financial Position Analysis

Short Term Liabilities: APR's short term assets (€105.8M) exceed its short term liabilities (€84.1M).

Long Term Liabilities: APR's short term assets (€105.8M) exceed its long term liabilities (€28.4M).


Debt to Equity History and Analysis

Debt Level: APR's debt to equity ratio (25.5%) is considered satisfactory.

Reducing Debt: APR had negative shareholder equity 5 years ago, but is now positive and has therefore improved.


Balance Sheet

Inventory Level: APR has a low level of unsold assets or inventory.

Debt Coverage by Assets: APR's debt is covered by short term assets (assets are 7.1x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: APR is profitable, therefore cash runway is not a concern.

Forecast Cash Runway: APR is profitable, therefore cash runway is not a concern.


Next Steps

Dividend

What is Amper's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%1.4%markettop25%3.8%industryaverage2.0%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: APR is not paying a notable dividend for the German market.


Future Payout to Shareholders

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


Next Steps

Management

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

5.9yrs

Average board tenure


CEO

Amper has no CEO, or we have no data on them.


Board Members

NamePositionTenureCompensationOwnership
Jaime Espinosa de Los Monteros Pitarque
Executive Chairman & MD7.8yrs€18.00kno data
Antonio Arenas Rodrigañez
Executive Director5.1yrs€20.00kno data
Juan Ceña Poza
Independent Director6.1yrs€20.00kno data
Rafael Cabezas Valeriano
Director5.9yrs€43.00k0.76% 2.1m
Cesar Revenga Buigues
Counselor0yrs€42.00k0.32% 877.4k
Clemente Fernandez Gonzalez
Member of the Advisory Board0yrs€41.00k1.61% 4.4m
Pedro Andres Casado Vicente
Director2.7yrs€44.00k0.020% 54.8k

5.9yrs

Average Tenure

Experienced Board: APR's board of directors are considered experienced (5.9 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 been diluted in the past year, with total shares outstanding growing by 10.7%.


Top Shareholders

Company Information

Amper, S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Amper, S.A.
  • Ticker: APR
  • Exchange: DB
  • Founded: 1956
  • Industry: Communications Equipment
  • Sector: Tech
  • Market Cap: €271.965m
  • Shares outstanding: 1.07b
  • Website: https://www.grupoamper.com

Number of Employees


Location

  • Amper, S.A.
  • C/ Virgilio, 2
  • Building 4
  • Madrid
  • Madrid
  • 28223
  • Spain

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AMPBME (Bolsas y Mercados Espanoles)YesOrdinary SharesESEURJan 1992
0NO6LSE (London Stock Exchange)YesOrdinary SharesGBEURJan 1992
APRDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992
AMPEBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJan 1992

Biography

Amper, S.A. provides technological solutions in Madrid and internationally. The company offers deployments of the new FTTH fiber optic networks and the fourth generation mobile networks. It is also involved in the provision of integrated solutions in the field of industrial services and applied energy sectors; and design, manufacture, and assembly of solutions for the control of atmospheric pollution, as well as integration of products, services, and software platforms. In addition, the company develops, integrates, and implements solutions for coordination control centers and emergency management that integrates communications infrastructure. Amper, S.A. was founded in 1956 and is based in Madrid, Spain. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/25 22:03
End of Day Share Price2020/02/25 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.