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APOG

Apogee Enterprises NasdaqGS:APOG Stock Report

Last Price

US$41.47

Market Cap

US$918.8m

7D

-0.3%

1Y

2.4%

Updated

06 Aug, 2022

Data

Company Financials +
APOG fundamental analysis
Snowflake Score
Valuation2/6
Future Growth3/6
Past Performance0/6
Financial Health3/6
Dividends4/6

APOG Stock Overview

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

Apogee Enterprises Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Apogee Enterprises
Historical stock prices
Current Share PriceUS$41.47
52 Week HighUS$50.45
52 Week LowUS$33.88
Beta1.09
1 Month Change7.24%
3 Month Change-2.58%
1 Year Change2.40%
3 Year Change8.59%
5 Year Change-19.35%
Change since IPO435.10%

Recent News & Updates

Aug 05

Apogee Enterprises increases credit facility to $385M

Apogee Enterprises (NASDAQ:APOG) said Friday it amended its senior unsecured credit facility, increasing it to $385M. The amendment provides for an uncommitted accordion feature, allowing for $200M of additional borrowing capacity. APOG will repay its current $150M senior unsecured term loan using proceeds from the increased credit facility. The amended credit facility will mature in 2027.

Jul 25

Apogee Enterprises announces CFO transition

Apogee Enterprises (NASDAQ:APOG) CFO, Nisheet Gupta resigns to pursue an opportunity outside of the industry, effective August 1, 2022. Mark Augdahl as interim CFO, effective upon Mr. Gupta’s departure. Mr. Augdahl currently serves as Vice President of Finance for Apogee’s Architectural Glass segment.  The company has begun a search for its next CFO and has retained an executive search firm to assist with the process.

Jul 21
Is Apogee Enterprises, Inc. (NASDAQ:APOG) Potentially Undervalued?

Is Apogee Enterprises, Inc. (NASDAQ:APOG) Potentially Undervalued?

Apogee Enterprises, Inc. ( NASDAQ:APOG ), is not the largest company out there, but it saw a decent share price growth...

Shareholder Returns

APOGUS BuildingUS Market
7D-0.3%1.5%1.0%
1Y2.4%-18.3%-12.9%

Return vs Industry: APOG exceeded the US Building industry which returned -18.3% over the past year.

Return vs Market: APOG exceeded the US Market which returned -12.8% over the past year.

Price Volatility

Is APOG's price volatile compared to industry and market?
APOG volatility
APOG Average Weekly Movement5.5%
Building Industry Average Movement6.4%
Market Average Movement7.9%
10% most volatile stocks in US Market17.1%
10% least volatile stocks in US Market3.2%

Stable Share Price: APOG is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: APOG's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19495,500Ty Silberhornhttps://www.apog.com

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, Architectural Glass, Architectural Services, and Large-Scale Optical Technologies (LSO). The Architectural Framing Systems segment designs, engineers, fabricates, and finishes the aluminum frames used in customized aluminum and glass window; curtain wall; storefront; and entrance systems, such as the outside skin and entrances of commercial, institutional, and multi-family residential buildings.

Apogee Enterprises Fundamentals Summary

How do Apogee Enterprises's earnings and revenue compare to its market cap?
APOG fundamental statistics
Market CapUS$918.84m
Earnings (TTM)US$15.40m
Revenue (TTM)US$1.34b

59.7x

P/E Ratio

0.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
APOG income statement (TTM)
RevenueUS$1.34b
Cost of RevenueUS$1.02b
Gross ProfitUS$320.27m
Other ExpensesUS$304.87m
EarningsUS$15.40m

Last Reported Earnings

May 28, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.70
Gross Margin23.82%
Net Profit Margin1.15%
Debt/Equity Ratio79.7%

How did APOG perform over the long term?

See historical performance and comparison

Dividends

2.1%

Current Dividend Yield

132%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is APOG undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for APOG?

Other financial metrics that can be useful for relative valuation.

APOG key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.9x
Enterprise Value/EBITDA7.4x
PEG Ratio1.6x

Price to Earnings Ratio vs Peers

How does APOG's PE Ratio compare to its peers?

APOG PE Ratio vs Peers
The above table shows the PE ratio for APOG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average15.9x
NX Quanex Building Products
10.9x2.1%US$789.6m
JELD JELD-WEN Holding
9.3x32.6%US$1.2b
TGLS Tecnoglass
12.1x12.6%US$1.1b
JBI Janus International Group
31.4x34.8%US$1.5b
APOG Apogee Enterprises
59.7x37.6%US$918.8m

Price-To-Earnings vs Peers: APOG is expensive based on its Price-To-Earnings Ratio (59.7x) compared to the peer average (15.9x).


Price to Earnings Ratio vs Industry

How does APOG's PE Ratio compare vs other companies in the US Building Industry?

Price-To-Earnings vs Industry: APOG is expensive based on its Price-To-Earnings Ratio (59.7x) compared to the US Building industry average (17.6x)


Price to Earnings Ratio vs Fair Ratio

What is APOG's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

APOG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio59.7x
Fair PE Ratio28.5x

Price-To-Earnings vs Fair Ratio: APOG is expensive based on its Price-To-Earnings Ratio (59.7x) compared to the estimated Fair Price-To-Earnings Ratio (28.5x).


Share Price vs Fair Value

What is the Fair Price of APOG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: APOG ($41.47) is trading below our estimate of fair value ($76.12)

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is less than 20% higher than the current share price.


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Future Growth

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

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


37.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: APOG's forecast earnings growth (37.6% per year) is above the savings rate (1.9%).

Earnings vs Market: APOG's earnings (37.6% per year) are forecast to grow faster than the US market (12.8% per year).

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

Revenue vs Market: APOG's revenue (2.6% per year) is forecast to grow slower than the US market (7.9% per year).

High Growth Revenue: APOG's revenue (2.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


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Past Performance

How has Apogee Enterprises performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-35.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: APOG has a large one-off loss of $80.4M impacting its May 28 2022 financial results.

Growing Profit Margin: APOG's current net profit margins (1.1%) are lower than last year (1.8%).


Past Earnings Growth Analysis

Earnings Trend: APOG's earnings have declined by 35.4% 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 (-33.9%) over the past year, making it difficult to compare to the Building industry average (19.9%).


Return on Equity

High ROE: APOG's Return on Equity (4.7%) is considered low.


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Financial Health

How is Apogee Enterprises's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: APOG's short term assets ($371.2M) exceed its short term liabilities ($207.1M).

Long Term Liabilities: APOG's short term assets ($371.2M) do not cover its long term liabilities ($372.6M).


Debt to Equity History and Analysis

Debt Level: APOG's net debt to equity ratio (74.7%) is considered high.

Reducing Debt: APOG's debt to equity ratio has increased from 14.8% to 79.7% over the past 5 years.

Debt Coverage: APOG's debt is well covered by operating cash flow (24.2%).

Interest Coverage: APOG's interest payments on its debt are well covered by EBIT (31.2x coverage).


Balance Sheet


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Dividend

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

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


2.12%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: APOG's dividend (2.12%) is higher than the bottom 25% of dividend payers in the US market (1.52%).

High Dividend: APOG's dividend (2.12%) is low compared to the top 25% of dividend payers in the US market (4.09%).


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.


Earnings Payout to Shareholders

Earnings Coverage: With its high payout ratio (131.8%), APOG's dividend payments are not well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (47.7%), APOG's dividend payments are well covered by cash flows.


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Management

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

2.5yrs

Average management tenure


CEO

Ty Silberhorn (54 yo)

1.58yrs

Tenure

US$3,199,648

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 ($USD3.20M) is about average for companies of similar size in the US market ($USD3.94M).

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


Leadership Team

Experienced Management: APOG's management team is considered experienced (2.5 years average tenure).


Board Members

Experienced Board: APOG's board of directors are considered experienced (3.8 years average tenure).


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 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
  • Implied Market Cap: US$918.844m
  • Shares outstanding: 22.16m
  • Website: https://www.apog.com

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/06 00:00
End of Day Share Price2022/08/05 00:00
Earnings2022/05/28
Annual Earnings2022/02/26


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.