Apex Frozen Foods
Market Cap
₹5.7b
Last Updated
2020/04/07 13:31 UTC
Data Sources
Company Financials
Executive Summary
Apex Frozen Foods Limited produces and exports aquaculture products.
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet with questionable track record.
Similar Companies
Share Price & News
How has Apex Frozen Foods's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: APEX's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
8.8%
APEX
-0.5%
IN Food
-1.1%
IN Market
1 Year Return
-45.1%
APEX
-0.8%
IN Food
-31.7%
IN Market
Return vs Industry: APEX underperformed the Indian Food industry which returned -0.8% over the past year.
Return vs Market: APEX underperformed the Indian Market which returned -31.7% over the past year.
Shareholder returns
| APEX | Industry | Market | |
|---|---|---|---|
| 7 Day | 8.8% | -0.5% | -1.1% |
| 30 Day | -21.5% | -14.4% | -25.1% |
| 90 Day | -54.8% | -10.5% | -30.6% |
| 1 Year | -44.0%-45.1% | 0.6%-0.8% | -30.3%-31.7% |
| 3 Year | n/a | 44.8%40.4% | -20.1%-24.4% |
| 5 Year | n/a | 81.5%72.6% | -11.0%-15.7% |
Price Volatility Vs. Market
How volatile is Apex Frozen Foods's share price compared to the market and industry in the last 5 years?
Simply Wall St News
5 days ago | Simply Wall St
The Apex Frozen Foods (NSE:APEX) Share Price Is Down 47% So Some Shareholders Are Getting Worried2 weeks ago | Simply Wall St
A Sliding Share Price Has Us Looking At Apex Frozen Foods Limited's (NSE:APEX) P/E Ratio3 weeks ago | Simply Wall St
Who Has Been Selling Apex Frozen Foods Limited (NSE:APEX) Shares?Valuation
Is Apex Frozen Foods undervalued compared to its fair value and its price relative to the market?
9.58x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: APEX (₹183.35) is trading above our estimate of fair value (₹31.83)
Significantly Below Fair Value: APEX is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: APEX is good value based on its PE Ratio (9.6x) compared to the Food industry average (10.6x).
PE vs Market: APEX is poor value based on its PE Ratio (9.6x) compared to the Indian market (9.4x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate APEX's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: APEX is overvalued based on its PB Ratio (1.5x) compared to the IN Food industry average (0.8x).
Next Steps
Future Growth
How is Apex Frozen Foods forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
21.5%
Forecasted Food, Beverage & Tobacco 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 Frozen Foods 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.
Next Steps
- Examine Apex Frozen Foods's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Apex Frozen Foods competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Food, Beverage & Tobacco industry.
Past Performance
How has Apex Frozen Foods performed over the past 5 years?
19.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: APEX has high quality earnings.
Growing Profit Margin: APEX's current net profit margins (7%) are lower than last year (7.9%).
Past Earnings Growth Analysis
Earnings Trend: APEX's earnings have grown by 19.1% per year over the past 5 years.
Accelerating Growth: APEX's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: APEX had negative earnings growth (-17.2%) over the past year, making it difficult to compare to the Food industry average (20.6%).
Return on Equity
High ROE: APEX's Return on Equity (15.8%) is considered low.
Next Steps
Financial Health
How is Apex Frozen Foods's financial position?
Financial Position Analysis
Short Term Liabilities: APEX's short term assets (₹3.3B) exceed its short term liabilities (₹1.9B).
Long Term Liabilities: APEX's short term assets (₹3.3B) exceed its long term liabilities (₹241.6M).
Debt to Equity History and Analysis
Debt Level: APEX's debt to equity ratio (35.7%) is considered satisfactory.
Reducing Debt: APEX's debt to equity ratio has reduced from 169.8% to 35.7% over the past 5 years.
Debt Coverage: APEX's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: APEX's interest payments on its debt are well covered by EBIT (10.7x coverage).
Balance Sheet
Next Steps
Dividend
What is Apex Frozen Foods's current dividend yield, its reliability and sustainability?
1.09%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: APEX's dividend (1.09%) is higher than the bottom 25% of dividend payers in the Indian market (0.96%).
High Dividend: APEX's dividend (1.09%) is low compared to the top 25% of dividend payers in the Indian market (4.06%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, APEX has been paying a dividend for less than 10 years.
Growing Dividend: APEX has only been paying a dividend for 2 years, and since then payments have not increased.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (10.4%), APEX's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.5yrs
Average management tenure
CEO
Karuturi Murthy (64yo)
3.33s
Tenure
₹16,800,000
Compensation
Mr. Karuturi Satyanarayana Murthy has been Managing Director of Apex Frozen Foods Limited since December 1, 2016. Mr. Murthy is responsible for making strategic decisions and decisions relating to business ...
CEO Compensation Analysis
Compensation vs Market: Karuturi's total compensation ($USD221.05K) is above average for companies of similar size in the Indian market ($USD47.67K).
Compensation vs Earnings: Karuturi's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & MD | 3.33yrs | ₹16.80m | 28.54% ₹1.6b | |
| Chief Financial Officer | 3.25yrs | ₹800.00k | 0.00077% ₹44.1k | |
| Company Secretary & Compliance Officer | 3.67yrs | ₹300.00k | no data | |
| Executive Director | 8.08yrs | ₹16.80m | 30.86% ₹1.8b | |
| Whole Time Director | 6.33yrs | ₹12.50m | 0.077% ₹4.4m | |
| Operations Manager | no data | no data | no data | |
| Manager of Accounts | 8yrs | no data | no data |
3.5yrs
Average Tenure
40yo
Average Age
Experienced Management: APEX's management team is considered experienced (3.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & MD | 3.33yrs | ₹16.80m | 28.54% ₹1.6b | |
| Executive Director | 8.08yrs | ₹16.80m | 30.86% ₹1.8b | |
| Whole Time Director | 6.33yrs | ₹12.50m | 0.077% ₹4.4m | |
| Non Executive Independent Director | 3.25yrs | ₹125.00k | no data | |
| Non Executive Independent Director | 3.25yrs | ₹100.00k | 0.0059% ₹339.4k |
4.8yrs
Average Tenure
64yo
Average Age
Experienced Board: APEX's board of directors are considered experienced (4.8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: APEX insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Apex Frozen Foods Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Apex Frozen Foods Limited
- Ticker: APEX
- Exchange: NSEI
- Founded: 1995
- Industry: Packaged Foods and Meats
- Sector: Food, Beverage & Tobacco
- Market Cap: ₹5.733b
- Shares outstanding: 31.25m
- Website: https://www.apexfrozenfoods.in
Number of Employees
Location
- Apex Frozen Foods Limited
- 3-160, Panasapadu
- East Godavari District
- Kakinada
- Andhra Pradesh
- 533005
- India
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 540692 | BSE (Mumbai Stock Exchange) | Yes | Equity Shares | IN | INR | Aug 2017 |
| APEX | NSEI (National Stock Exchange of India) | Yes | Equity Shares | IN | INR | Aug 2017 |
Biography
Apex Frozen Foods Limited produces and exports aquaculture products. It provides ready-to-cook whiteleg and black tiger shrimps. The company offers its products to food companies, retail chains, restaurants, club stores, and distributors in the United States and European countries. Apex Frozen Foods Limited was founded in 1995 and is based in Kakinada, India.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/04/07 13:31 |
| End of Day Share Price | 2020/04/07 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/03/31 |
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.