NSEI:APEX

Stock Analysis Report

Executive Summary

Apex Frozen Foods Limited produces and exports aquaculture products.

Risk Analysis

Highly volatile share price over past 3 months



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

2.4%

APEX

0.7%

IN Food

-0.8%

IN Market


1 Year Return

28.1%

APEX

27.2%

IN Food

11.1%

IN Market

Return vs Industry: APEX matched the Indian Food industry which returned 27.2% over the past year.

Return vs Market: APEX exceeded the Indian Market which returned 11.1% over the past year.


Shareholder returns

APEXIndustryMarket
7 Day2.4%0.7%-0.8%
30 Day-13.2%2.1%-2.3%
90 Day23.0%10.8%2.1%
1 Year29.2%28.1%28.9%27.2%13.1%11.1%
3 Yearn/a80.5%75.3%22.9%16.2%
5 Yearn/a130.2%119.3%34.9%22.6%

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

Valuation

Is Apex Frozen Foods undervalued compared to its fair value and its price relative to the market?

18.9x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: APEX (₹362.5) is trading above our estimate of fair value (₹31.89)

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


Price To Earnings Ratio

PE vs Industry: APEX is poor value based on its PE Ratio (18.9x) compared to the Food industry average (13.4x).

PE vs Market: APEX is poor value based on its PE Ratio (18.9x) compared to the Indian market (13.3x).


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 (3x) compared to the IN Food industry average (0.9x).


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

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 (21.3%).


Return on Equity

High ROE: APEX's Return on Equity (15.8%) is considered low.


Return on Assets


Return on Capital Employed


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

Inventory Level: APEX has a high level of physical assets or inventory.

Debt Coverage by Assets: APEX's debt is covered by short term assets (assets are 2.4x debt).


Next Steps

Dividend

What is Apex Frozen Foods's current dividend yield, its reliability and sustainability?

0.55%

Current Dividend Yield


Dividend Yield vs Market

company0.6%marketbottom25%0.6%markettop25%2.5%industryaverage0.8%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: APEX's dividend (0.55%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.6%).

High Dividend: APEX's dividend (0.55%) is low compared to the top 25% of dividend payers in the Indian market (2.55%).


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?

3.3yrs

Average management tenure


CEO

Karuturi Murthy (64yo)

3.2yrs

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 ($USD235.45K) is about average for companies of similar size in the Indian market ($USD298.20K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Karuturi Murthy
Chairman & MD3.2yrs₹16.80m28.54% 3.2b
Ch. Kumar
Chief Financial Officer3.1yrs₹800.00k0.00077% 85.6k
S. Sarojini
Company Secretary & Compliance Officer3.5yrs₹300.00kno data
Karuturi Chowdary
Executive Director7.9yrs₹16.80m30.84% 3.4b
Karuturi Devi
Whole Time Director6.2yrs₹12.50m0.077% 8.5m
H. Rajashekhar
Operations Manager0yrsno datano data
P. Prasad
Manager of Accounts7.8yrsno datano data

3.3yrs

Average Tenure

40yo

Average Age

Experienced Management: APEX's management team is considered experienced (3.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Karuturi Murthy
Chairman & MD3.2yrs₹16.80m28.54% 3.2b
Karuturi Chowdary
Executive Director7.9yrs₹16.80m30.84% 3.4b
Karuturi Devi
Whole Time Director6.2yrs₹12.50m0.077% 8.5m
Datla Chandra Raju
Non Executive Independent Director3.1yrs₹20.00kno data
Datla Venkata Raju
Non Executive Independent Director3.1yrs₹125.00kno data
Mantena Raju
Non Executive Independent Director3.1yrs₹100.00k0.0059% 658.3k

3.1yrs

Average Tenure

55.5yo

Average Age

Experienced Board: APEX's board of directors are considered experienced (3.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: APEX insiders have only sold shares 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: ₹11.120b
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
540692BSE (Mumbai Stock Exchange)YesEquity SharesININRAug 2017
APEXNSEI (National Stock Exchange of India)YesEquity SharesININRAug 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/18 13:18
End of Day Share Price2020/02/18 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


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.