NasdaqGS:APOG

Stock Analysis Report

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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

Adequate 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's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

8.4%

APOG

-0.04%

US Building

-1.3%

US Market


1 Year Return

-27.7%

APOG

15.4%

US Building

18.5%

US Market

Return vs Industry: APOG underperformed the US Building industry which returned 15.4% over the past year.

Return vs Market: APOG underperformed the US Market which returned 18.5% over the past year.


Shareholder returns

APOGIndustryMarket
7 Day8.4%-0.04%-1.3%
30 Day35.4%8.4%5.3%
90 Day15.5%16.7%7.5%
1 Year-25.9%-27.7%23.5%15.4%21.3%18.5%
3 Year-40.2%-43.5%36.3%24.3%42.4%32.9%
5 Year-42.6%-47.0%85.8%57.6%84.2%63.5%

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?

15x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: APOG ($27.21) is trading above our estimate of fair value ($26.35)

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


Price To Earnings Ratio

PE vs Industry: APOG is good value based on its PE Ratio (15x) compared to the US Building industry average (27.1x).

PE vs Market: APOG is good value based on its PE Ratio (15x) compared to the US market (19x).


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 (1.4x) compared to the US Building industry average (2.9x).


Next Steps

Future Growth

How is Apogee Enterprises forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

13.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: APOG's forecast earnings growth (13.3% per year) is above the savings rate (2.2%).

Earnings vs Market: APOG's earnings (13.3% per year) are forecast to grow slower than the US market (22.2% per year).

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

Revenue vs Market: APOG's revenue (2% per year) is forecast to grow slower than the US market (10.1% per year).

High Growth Revenue: APOG's revenue (2% 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


Next Steps

Past Performance

How has Apogee Enterprises performed over the past 5 years?

-7.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: APOG has a large one-off gain of $15.0M impacting its August 29 2020 financial results.

Growing Profit Margin: APOG's current net profit margins (3.7%) are higher than last year (3.1%).


Past Earnings Growth Analysis

Earnings Trend: APOG's earnings have declined by 7.6% per year over the past 5 years.

Accelerating Growth: APOG's earnings growth over the past year (7.1%) exceeds its 5-year average (-7.6% per year).

Earnings vs Industry: APOG earnings growth over the past year (7.1%) exceeded the Building industry -13.2%.


Return on Equity

High ROE: APOG's Return on Equity (9.1%) is considered low.


Next Steps

Financial Health

How is Apogee Enterprises's financial position?


Financial Position Analysis

Short Term Liabilities: APOG's short term assets ($311.7M) do not cover its short term liabilities ($361.8M).

Long Term Liabilities: APOG's short term assets ($311.7M) exceed its long term liabilities ($166.5M).


Debt to Equity History and Analysis

Debt Level: APOG's debt to equity ratio (31.9%) is considered satisfactory.

Reducing Debt: APOG's debt to equity ratio has increased from 5.3% to 31.9% over the past 5 years.

Debt Coverage: APOG's debt is well covered by operating cash flow (104.2%).

Interest Coverage: APOG's interest payments on its debt are well covered by EBIT (7.7x coverage).


Balance Sheet


Next Steps

Dividend

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

2.76%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: APOG's dividend (2.76%) is higher than the bottom 25% of dividend payers in the US market (1.64%).

High Dividend: APOG's dividend (2.76%) is low compared to the top 25% of dividend payers in the US market (4.68%).


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 reasonably low payout ratio (40.6%), APOG's dividend payments are well 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?

2.4yrs

Average management tenure


CEO

Joe Puishys (62 yo)

9.17yrs

Tenure

US$1,822,904

Compensation

Mr. Joseph F. Puishys, also known as Joe, has been Chief Executive Officer and President of Apogee Enterprises, Inc. since August 22, 2011. Mr. Puishys has wide experience in manufacturing businesses. Sinc ...


CEO Compensation Analysis

Compensation vs Market: Joe's total compensation ($USD1.82M) is below average for companies of similar size in the US market ($USD2.85M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Joseph Puishys
CEO, President & Director9.17yrsUS$1.82m1.07%
$ 7.7m
Curtis Dobler
Executive VP & Chief Human Resources Officer1.5yrsUS$1.04m0.085%
$ 608.7k
Brent Jewell
President of Architectural Framing Systems Segment2.42yrsUS$943.66k0.15%
$ 1.1m
Nisheet Gupta
Executive VP & CFO0.33yrno data0.076%
$ 544.2k
Jeff Huebschen
Vice President of Investor Relations & Communicationsno datano datano data
Meghan Elliott
VP, General Counsel & Secretary0.33yrno data0.046%
$ 332.1k
Gary Johnson
Senior VP & Treasurer19.75yrsUS$421.00k0%
$ 0
John Klein
President of EFCO Corporation2.67yrsUS$545.12kno data

2.4yrs

Average Tenure

56.5yo

Average Age

Experienced Management: APOG's management team is considered experienced (2.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Joseph Puishys
CEO, President & Director9.17yrsUS$1.82m1.07%
$ 7.7m
Mark Pompa
Independent Director2yrsUS$187.06kno data
Bernard Aldrich
Independent Director21.75yrsUS$305.27k0.14%
$ 970.1k
Donald Nolan
Independent Non-Executive Chairman of Board0.75yrUS$219.21k0.020%
$ 145.0k
Herbert Parker
Independent Director2.5yrsUS$211.58k0.11%
$ 774.5k
Christina Alvord
Independent Director0.75yrUS$57.51k0.024%
$ 174.0k
Patricia Wagner
Independent Director4.75yrsUS$195.00k0.056%
$ 403.4k
Lloyd Johnson
Independent Director3.33yrsUS$200.26k0.10%
$ 730.9k
Frank Heard
Independent Director0.75yrUS$59.38kno data
Elizabeth Lilly
Independent Director0.75yrUS$58.76k0.024%
$ 174.0k

2.3yrs

Average Tenure

60yo

Average Age

Experienced Board: APOG's board of directors are not considered experienced ( 2.3 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: Insufficient data to determine if 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

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$717.955m
  • Shares outstanding: 26.39m
  • Website: https://www.apog.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
APOGNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDDec 1972
ANPDB (Deutsche Boerse AG)YesCommon StockDEEURDec 1972

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 Analysis2020/10/21 00:14
End of Day Share Price2020/10/20 00:00
Earnings2020/08/29
Annual Earnings2020/02/29


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.