NasdaqGS:APOG

Stock Analysis Report

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Market Cap

US$979.5m

Last Updated

2021/06/18 00:05 UTC

Data Sources

Company Financials +

Executive Summary

Apogee Enterprises, Inc. designs and develops glass and metal products and services in the United States, Canada, and Brazil. More Details


Snowflake Analysis

Excellent balance sheet average dividend payer.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: APOG is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: APOG's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

-0.3%

APOG

-0.3%

US Building

0.2%

US Market


1 Year Return

69.0%

APOG

78.4%

US Building

39.7%

US Market

Return vs Industry: APOG underperformed the US Building industry which returned 78.4% over the past year.

Return vs Market: APOG exceeded the US Market which returned 39.7% over the past year.


Shareholder returns

APOGIndustryMarket
7 Day-0.3%-0.3%0.2%
30 Day1.2%-0.9%2.5%
90 Day-4.0%7.0%5.9%
1 Year73.5%69.0%80.6%78.4%41.9%39.7%
3 Year-7.7%-13.8%92.1%75.9%59.7%49.8%
5 Year-7.8%-15.8%137.4%104.1%125.6%100.3%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

36.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: APOG ($38.74) is trading below our estimate of fair value ($59.91)

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


Price To Earnings Ratio

PE vs Industry: APOG is poor value based on its PE Ratio (65.1x) compared to the US Building industry average (26x).

PE vs Market: APOG is poor value based on its PE Ratio (65.1x) compared to the US market (19.6x).


Price to Earnings Growth Ratio

PEG Ratio: APOG is poor value based on its PEG Ratio (1.1x)


Price to Book Ratio

PB vs Industry: APOG is good value based on its PB Ratio (2x) compared to the US Building industry average (2.8x).


Future Growth

How is Apogee Enterprises forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

59.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: APOG's forecast earnings growth (59.6% per year) is above the savings rate (2%).

Earnings vs Market: APOG's earnings (59.6% per year) are forecast to grow faster than the US market (15.6% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: APOG's revenue (1% per year) is forecast to grow slower than the US market (9.3% per year).

High Growth Revenue: APOG's revenue (1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: APOG's Return on Equity is forecast to be low in 3 years time (13.3%).


Past Performance

How has Apogee Enterprises performed over the past 5 years?

-13.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: APOG has a large one-off loss of $49.2M impacting its February 27 2021 financial results.

Growing Profit Margin: APOG's current net profit margins (1.3%) are lower than last year (4.4%).


Past Earnings Growth Analysis

Earnings Trend: APOG's earnings have declined by 13.3% per year over the past 5 years.

Accelerating Growth: APOG's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: APOG had negative earnings growth (-75%) over the past year, making it difficult to compare to the Building industry average (23%).


Return on Equity

High ROE: APOG's Return on Equity (3.1%) is considered low.


Financial Health

How is Apogee Enterprises's financial position?


Financial Position Analysis

Short Term Liabilities: APOG's short term assets ($350.7M) exceed its short term liabilities ($217.6M).

Long Term Liabilities: APOG's short term assets ($350.7M) exceed its long term liabilities ($304.8M).


Debt to Equity History and Analysis

Debt Level: APOG's debt to equity ratio (33.5%) is considered satisfactory.

Reducing Debt: APOG's debt to equity ratio has increased from 5% to 33.5% over the past 5 years.

Debt Coverage: APOG's debt is well covered by operating cash flow (86%).

Interest Coverage: APOG's interest payments on its debt are well covered by EBIT (16.9x coverage).


Balance Sheet


Dividend

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

2.10%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: APOG's dividend (2.07%) is higher than the bottom 25% of dividend payers in the US market (1.27%).

High Dividend: APOG's dividend (2.07%) is low compared to the top 25% of dividend payers in the US market (3.36%).


Stability and Growth of Payments

Stable Dividend: APOG's dividends per share have been stable in the past 10 years.

Growing Dividend: APOG's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (128.2%), APOG's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: APOG's dividends in 3 years are forecast to be well covered by earnings (29.1% payout ratio).


Next Steps

Management

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

1.4yrs

Average management tenure


CEO

Ty Silberhorn (52 yo)

0.42

Tenure

US$1,759,313

Compensation

Mr. Ty R. Silberhorn joined as Chief Executive Officer, President and Director at Apogee Enterprises, Inc. on January 4, 2021. He served as Senior Vice President of 3M Transformation, Technology and Servic...


CEO Compensation Analysis

Compensation vs Market: Ty's total compensation ($USD1.76M) is about average for companies of similar size in the US market ($USD2.38M).

Compensation vs Earnings: Insufficient data to compare Ty's compensation with company performance.


Leadership Team

Experienced Management: APOG's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.


Board Members

Experienced Board: APOG's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.


Ownership

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


Insider Trading Volume

Insider Buying: APOG 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

Apogee Enterprises, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Apogee Enterprises, Inc.
  • Ticker: APOG
  • Exchange: NasdaqGS
  • Founded: 1949
  • Industry: Building Products
  • Sector: Capital Goods
  • Market Cap: US$979.471m
  • Shares outstanding: 25.67m
  • Website: https://www.apog.com

Number of Employees


Location

  • Apogee Enterprises, Inc.
  • 4400 West 78th Street
  • Suite 520
  • Minneapolis
  • Minnesota
  • 55435
  • United States

Listings


Biography

Apogee Enterprises, Inc. designs and develops glass and metal products and services in the United States, Canada, and Brazil. The company operates in four segments: Architectural Framing Systems, Architect...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/06/18 00:05
End of Day Share Price2021/06/17 00:00
Earnings2021/02/27
Annual Earnings2021/02/27


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.