AIM:APC

Stock Analysis Report

APC Technology Group

Executive Summary

APC Technology Group PLC designs, specifies, and distributes specialist electronic components and systems, lighting technologies, and connectivity products in the United Kingdom, North America, Europe, and Asia.

Snowflake

Fundamentals

Adequate balance sheet with acceptable track record.

Share Price & News

How has APC Technology Group's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-0.7%

APC

-2.2%

GB Electronic

0.2%

GB Market


1 Year Return

48.1%

APC

9.4%

GB Electronic

1.7%

GB Market

Return vs Industry: APC exceeded the UK Electronic industry which returned 9.4% over the past year.

Return vs Market: APC exceeded the UK Market which returned 1.7% over the past year.


Shareholder returns

APCIndustryMarket
7 Day-0.7%-2.2%0.2%
30 Day0.6%-4.5%-1.7%
90 Day22.6%-6.4%-3.1%
1 Year48.1%48.1%11.2%9.4%6.7%1.7%
3 Year24.6%24.6%49.2%42.5%17.7%3.1%
5 Year-63.7%-63.7%124.3%104.9%36.1%5.5%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is APC Technology Group undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: APC (£0.1) is trading below our estimate of fair value (£0.37)

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


Price To Earnings Ratio

PE vs Industry: APC is poor value based on its PE Ratio (21.3x) compared to the Electronic industry average (20x).

PE vs Market: APC is poor value based on its PE Ratio (21.3x) compared to the UK market (16.6x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: APC is overvalued based on its PB Ratio (2.1x) compared to the GB Electronic industry average (2.1x).


Next Steps

Future Growth

How is APC Technology Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

14.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: APC's forecast earnings growth (14.2% per year) is above the savings rate (1.2%).

Earnings vs Market: APC's earnings (14.2% per year) are forecast to grow faster than the UK market (12.4% per year).

High Growth Earnings: APC's earnings are forecast to grow, but not significantly.

Revenue vs Market: Insufficient data to determine if APC's revenue is forecast to grow faster than the UK market.

High Growth Revenue: Insufficient data to determine if APC's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if APC's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has APC Technology Group performed over the past 5 years?

0.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: APC's earnings have grown by 0.7% per year over the past 5 years.

Accelerating Growth: APC's earnings growth over the past year (42.7%) exceeds its 5-year average (0.7% per year).

Earnings vs Industry: APC earnings growth over the past year (42.7%) exceeded the Electronic industry -7.7%.


Return on Equity

High ROE: APC's Return on Equity (9%) is considered low.


Return on Assets

ROA vs Industry: APC's Return on Assets is below or equal to the Electronic industry average last year.


Return on Capital Employed

ROCE Improving: APC's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is APC Technology Group's financial position?


Financial Position Analysis

Short Term Liabilities: APC's short term assets (£6.0M) do not cover its short term liabilities (£8.1M)

Long Term Liabilities: APC's short term assets (6.0M) exceeds its long term liabilities (110.0K)


Debt to Equity History and Analysis

Debt Level: APC's debt to equity ratio (43.5%) is considered high

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

Debt Coverage: APC's debt is well covered by operating cash flow (23.5%).

Interest Coverage: APC's interest payments on its debt are well covered by EBIT (4.9x coverage).


Balance Sheet

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

Debt Coverage by Assets: APC's debt is covered by short term assets (assets are 1.674560x debt).


Next Steps

Dividend

What is APC Technology Group's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.0%markettop25%5.4%industryaverage1.7%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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

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


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

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


Next Steps

Management

What is the CEO of APC Technology Group's salary, the management and board of directors tenure and is there insider trading?

5.3yrs

Average management tenure


CEO

Richard Hodgson (50yo)

4.2yrs

Tenure

UK£259,000

Compensation

Mr. Richard George Hodgson has been the Chief Executive Officer of APC Technology Group plc since August 18, 2015. Mr. Hodgson has been the Chief Operating Officer of Green Compliance plc since January 3,  ...


CEO Compensation Analysis

Compensation vs. Market: Richard's total compensation ($USD335.47K) is about average for companies of similar size in the UK market ($USD318.91K).

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


Management Age and Tenure

5.3yrs

Average Tenure

Experienced Management: APC's management team is seasoned and experienced (5.3 years average tenure).


Board Age and Tenure

5.1yrs

Average Tenure

Experienced Board: APC's board of directors are considered experienced (5.1 years average tenure).


Insider Trading

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


Recent Insider Transactions

BuyUK£24,96411 Oct 19
Oddo Bhf Asset Management SAS
EntityCompany
Shares254,738
Max PriceUK£0.098
BuyUK£7,33909 Oct 19
Oddo Bhf Asset Management SAS
EntityCompany
Shares75,000
Max PriceUK£0.098
BuyUK£101,70608 Oct 19
Oddo Bhf Asset Management SAS
EntityCompany
Shares1,041,000
Max PriceUK£0.098

Ownership Breakdown


Management Team

  • Richard Hodgson (50yo)

    CEO & Director

    • Tenure: 4.2yrs
    • Compensation: UK£259.00k
  • Hugh Edmonds (70yo)

    Company Secretary

    • Tenure: 5.3yrs
    • Compensation: UK£2.00k
  • Phil Lancaster

    Business Development Director & Director

    • Tenure: 16.1yrs
    • Compensation: UK£140.00k

Board Members

  • Richard Hodgson (50yo)

    CEO & Director

    • Tenure: 4.2yrs
    • Compensation: UK£259.00k
  • Phil Lancaster

    Business Development Director & Director

    • Tenure: 16.1yrs
    • Compensation: UK£140.00k
  • Tony Lochery

    Non-Executive Chairman

    • Tenure: 2.7yrs

Company Information

APC Technology Group PLC's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: APC Technology Group PLC
  • Ticker: APC
  • Exchange: AIM
  • Founded: 1982
  • Industry: Technology Distributors
  • Sector: Tech
  • Market Cap: UK£17.916m
  • Shares outstanding: 182.63m
  • Website: https://apcplc.com

Number of Employees


Location

  • APC Technology Group PLC
  • 6 Stirling Park
  • Laker Road
  • Rochester
  • Kent
  • ME1 3QR
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
APCAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPNov 1996

Biography

APC Technology Group PLC designs, specifies, and distributes specialist electronic components and systems, lighting technologies, and connectivity products in the United Kingdom, North America, Europe, and ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 20:35
End of Day Share Price2019/10/22 00:00
Earnings2019/02/28
Annual Earnings2018/08/31


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.