AMEX:APT

Stock Analysis Report

Executive Summary

Alpha Pro Tech, Ltd., together with its subsidiaries, engages in developing, manufacturing, and marketing a line of disposable protective apparel, building supply products, and infection control products in the United States and internationally.


Snowflake Analysis

Flawless balance sheet with proven track record.


Similar Companies

Share Price & News

How has Alpha Pro Tech's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: APT's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

120.0%

APT

-1.8%

US Building

-2.7%

US Market


1 Year Return

84.2%

APT

30.9%

US Building

21.2%

US Market

Return vs Industry: APT exceeded the US Building industry which returned 36.3% over the past year.

Return vs Market: APT exceeded the US Market which returned 24.6% over the past year.


Shareholder returns

APTIndustryMarket
7 Day120.0%-1.8%-2.7%
30 Day119.4%1.4%0.09%
90 Day112.7%3.1%6.9%
1 Year84.2%84.2%32.9%30.9%23.8%21.2%
3 Year152.5%152.5%25.2%19.4%48.1%38.6%
5 Year192.8%192.8%52.6%32.9%72.5%53.4%

Price Volatility Vs. Market

How volatile is Alpha Pro Tech's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Alpha Pro Tech undervalued compared to its fair value and its price relative to the market?

31.18x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: APT ($3.5) is trading above our estimate of fair value ($0.53)

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


Price To Earnings Ratio

PE vs Industry: APT is poor value based on its PE Ratio (24.3x) compared to the Building industry average (24x).

PE vs Market: APT is poor value based on its PE Ratio (20.6x) compared to the US market (18.8x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate APT's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: APT is overvalued based on its PB Ratio (3x) compared to the US Building industry average (2.5x).


Next Steps

Future Growth

How is Alpha Pro Tech forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

17.5%

Forecasted Capital Goods 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 Alpha Pro Tech 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 Alpha Pro Tech performed over the past 5 years?

13.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: APT has high quality earnings.

Growing Profit Margin: APT's current net profit margins (7%) are higher than last year (7%).


Past Earnings Growth Analysis

Earnings Trend: APT's earnings have grown by 13.6% per year over the past 5 years.

Accelerating Growth: APT's earnings growth over the past year (3.1%) is below its 5-year average (13.6% per year).

Earnings vs Industry: APT earnings growth over the past year (3.1%) exceeded the Building industry -5.5%.


Return on Equity

High ROE: APT's Return on Equity (9.9%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Alpha Pro Tech's financial position?


Financial Position Analysis

Short Term Liabilities: APT's short term assets ($26.7M) exceed its short term liabilities ($2.2M).

Long Term Liabilities: APT's short term assets ($26.7M) exceed its long term liabilities ($2.4M).


Debt to Equity History and Analysis

Debt Level: APT is debt free.

Reducing Debt: APT has not had any debt for past 5 years.

Debt Coverage: APT has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: APT has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

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

Debt Coverage by Assets: APT's debt is covered by short term assets (assets are 6.0132062224651E+16x debt).


Next Steps

Dividend

What is Alpha Pro Tech's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage1.7%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate APT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate APT's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if APT's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if APT's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of APT's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

What is the CEO of Alpha Pro Tech's salary, the management and board of directors tenure and is there insider trading?

4.0yrs

Average management tenure


CEO

Lloyd Hoffman (59yo)

4yrs

Tenure

US$1,011,300

Compensation

Mr. Lloyd Hoffman has been the Chief Executive Officer of Alpha Pro Tech, Ltd. (“the Company”) since January 4, 2016 and its President since December 27, 2017. Mr. Hoffman served as its Chief Financial Off ...


CEO Compensation Analysis

Compensation vs Market: Lloyd's total compensation ($USD1.01M) is above average for companies of similar size in the US market ($USD519.76K).

Compensation vs Earnings: Lloyd's compensation has increased by more than 20% in the past year.


Management Age and Tenure

4.0yrs

Average Tenure

62.5yo

Average Age

Experienced Management: APT's management team is considered experienced (4 years average tenure).


Board Age and Tenure

9.3yrs

Average Tenure

69yo

Average Age

Experienced Board: APT's board of directors are considered experienced (9.3 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Management Team

  • Lloyd Hoffman (59yo)

    CEO, President & Director

    • Tenure: 4yrs
    • Compensation: US$1.01m
  • Bruce Hayden

    Senior Vice President of Sales & Marketing

    • Danny Montgomery (71yo)

      Senior VP of Manufacturing & Engineered Products and Director

      • Tenure: 13yrs
      • Compensation: US$622.10k
    • Charles Montgomery

      Senior Vice President

      • Colleen McDonald (48yo)

        Chief Financial Officer

        • Tenure: 4yrs
        • Compensation: US$364.08k
      • Chris Louisos

        Senior Vice President of Sales & Marketing

        • Donna Millar (66yo)

          Investor Relations & Director

          • Tenure: 2.1yrs
          • Compensation: US$127.00k

        Board Members

        • Lloyd Hoffman (59yo)

          CEO, President & Director

          • Tenure: 4yrs
          • Compensation: US$1.01m
        • John Ritota (69yo)

          Independent Director

          • Tenure: 28.1yrs
          • Compensation: US$45.30k
        • Russ Manock (72yo)

          Independent Director

          • Tenure: 19.6yrs
          • Compensation: US$55.30k
        • Danny Montgomery (71yo)

          Senior VP of Manufacturing & Engineered Products and Director

          • Tenure: 13yrs
          • Compensation: US$622.10k
        • David Garcia (71yo)

          Independent Director

          • Tenure: 9.3yrs
          • Compensation: US$44.30k
        • James W. Buchan (52yo)

          Independent Director

          • Tenure: 2.8yrs
          • Compensation: US$45.30k
        • Donna Millar (66yo)

          Investor Relations & Director

          • Tenure: 2.1yrs
          • Compensation: US$127.00k

        Company Information

        Alpha Pro Tech, Ltd.'s company bio, employee growth, exchange listings and data sources


        Key Information

        • Name: Alpha Pro Tech, Ltd.
        • Ticker: APT
        • Exchange: AMEX
        • Founded: 1983
        • Industry: Building Products
        • Sector: Capital Goods
        • Market Cap: US$100.263m
        • Shares outstanding: 13.02m
        • Website: https://www.alphaprotech.com

        Number of Employees


        Location

        • Alpha Pro Tech, Ltd.
        • 60 Centurian Drive
        • Suite 112
        • Markham
        • Ontario
        • L3R 9R2
        • Canada

        Listings

        TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
        APTAMEX (NYSE MKT LLC)YesCommon StockUSUSDMar 1993
        APLDB (Deutsche Boerse AG)YesCommon StockDEEURMar 1993

        Biography

        Alpha Pro Tech, Ltd., together with its subsidiaries, engages in developing, manufacturing, and marketing a line of disposable protective apparel, building supply products, and infection control products in the United States and internationally. The company operates through three segments: Building Supply, Disposable Protective Apparel, and Infection Control. The Building Supply segment offers construction weatherization products, such as house wrap, synthetic roof underlayment, and other woven materials. The Disposable Protective Apparel segment provides shoe covers, bouffant caps, gowns, coveralls, lab coats, hoods, frocks, and other miscellaneous products. The Infection Control segment offers face masks and eye shields. The company provides its products under the Alpha Pro Tech brand name, as well as under private labels. Its products are used primarily in cleanrooms; industrial safety manufacturing environments; health care facilities, such as hospitals, laboratories, and dental offices; pharmaceutical markets; and building and re-roofing sites. The company distributes its products through a network of purchasing groups, distributors, and independent sales representatives, as well as through its sales and marketing force. Alpha Pro Tech, Ltd. was founded in 1983 and is based in Markham, Canada. 


        Company Analysis and Financial Data Status

        All financial data provided by Standard & Poor's Capital IQ.
        DataLast Updated (UTC time)
        Company Analysis2020/01/27 23:31
        End of Day Share Price2020/01/27 00:00
        Earnings2019/09/30
        Annual Earnings2018/12/31


        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.