APGT

Appgate OTCPK:APGT Stock Report

Last Price

US$7.26

Market Cap

US$956.8m

7D

0.1%

1Y

n/a

Updated

06 Aug, 2022

Data

Company Financials
APGT fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health0/6
Dividends0/6

APGT Stock Overview

Appgate, Inc., a secure access company, provides cybersecurity solutions based on the principles of Zero Trust access for enterprises and governments.

Appgate Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Appgate
Historical stock prices
Current Share PriceUS$7.26
52 Week HighUS$28.25
52 Week LowUS$5.05
Beta0
1 Month Change-15.09%
3 Month Change-33.94%
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO-6.32%

Recent News & Updates

Shareholder Returns

APGTUS SoftwareUS Market
7D0.1%4.8%1.0%
1Yn/a-17.7%-12.9%

Return vs Industry: Insufficient data to determine how APGT performed against the US Software industry.

Return vs Market: Insufficient data to determine how APGT performed against the US Market.

Price Volatility

Is APGT's price volatile compared to industry and market?
APGT volatility
APGT Average Weekly Movement20.4%
Software Industry Average Movement10.7%
Market Average Movement7.9%
10% most volatile stocks in US Market17.1%
10% least volatile stocks in US Market3.2%

Stable Share Price: APGT is more volatile than 90% of US stocks over the past 3 months, typically moving +/- 20% a week.

Volatility Over Time: APGT's weekly volatility (20%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

FoundedEmployeesCEOWebsite
n/a472Barry Fieldhttps://www.appgate.com

Appgate, Inc., a secure access company, provides cybersecurity solutions based on the principles of Zero Trust access for enterprises and governments. The company offers Appgate Software Defined Perimeter software that enables security and a self-hosted option and ensures trusted network access for users across all devices and IT environments; Risk-Based Authentication solutions provides risk assessments, context-based authentication, and machine learning to protect individuals against targeted attacks; and Digital Threat Protection software to combat external threats, including phishing links, malicious mobile apps, and fraudulent websites targeting consumers. It also provides threat advisory services.

Appgate Fundamentals Summary

How do Appgate's earnings and revenue compare to its market cap?
APGT fundamental statistics
Market CapUS$956.82m
Earnings (TTM)-US$188.92m
Revenue (TTM)US$46.62m

20.5x

P/S Ratio

-5.1x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
APGT income statement (TTM)
RevenueUS$46.62m
Cost of RevenueUS$16.99m
Gross ProfitUS$29.63m
Other ExpensesUS$218.55m
Earnings-US$188.92m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-1.43
Gross Margin63.56%
Net Profit Margin-405.24%
Debt/Equity Ratio-119.8%

How did APGT perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales 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 APGT?

Other financial metrics that can be useful for relative valuation.

APGT 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/Revenue21.9x
Enterprise Value/EBITDA-23.4x
PEG Ration/a

Price to Sales Ratio vs Peers

How does APGT's PS Ratio compare to its peers?

APGT PS Ratio vs Peers
The above table shows the PS ratio for APGT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average4.3x
SCWX SecureWorks
1.6x5.1%US$841.8m
ATEN A10 Networks
4.4x9.4%US$1.2b
ZUO Zuora
3.3x17.5%US$1.2b
TLS Telos
2.5x10.2%US$591.3m
APGT Appgate
20.5xn/aUS$956.8m

Price-To-Sales vs Peers: APGT is expensive based on its Price-To-Sales Ratio (20.5x) compared to the peer average (4.3x).


Price to Earnings Ratio vs Industry

How does APGT's PE Ratio compare vs other companies in the US Software Industry?

Price-To-Sales vs Industry: APGT is expensive based on its Price-To-Sales Ratio (20.5x) compared to the US Software industry average (5.2x)


Price to Sales Ratio vs Fair Ratio

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

APGT PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio20.5x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate APGT's Price-To-Sales Fair Ratio for valuation analysis.


Share Price vs Fair Value

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

Below Fair Value: Insufficient data to calculate APGT's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate APGT's fair value for valuation analysis.


Analyst Price Targets

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

Analyst Forecast: Insufficient data to show price forecast.


Discover undervalued companies

  • Take a look at our analysis of APGT's management and see if the CEO's compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don't know where to start, we recommend reading through Appgate regulatory filings here.

Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


19.9%

Forecasted Software 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 Appgate 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.


Discover growth companies

  • Take a look at our analysis of APGT’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Appgate's filings and announcements here.

Past Performance

How has Appgate 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


-300.0%

Last years earnings growth

Earnings and Revenue History

Quality Earnings: APGT is currently unprofitable.

Growing Profit Margin: APGT is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if APGT's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Unable to compare APGT's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: APGT is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (18.5%).


Return on Equity

High ROE: APGT's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Discover strong past performing companies

Financial Health

How is Appgate's financial position?

Financial Health Score

0/6

Financial Health Score 0/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: APGT has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: APGT has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: APGT has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: APGT's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: APGT has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: APGT has less than a year of cash runway if free cash flow continues to reduce at historical rates of 19.1% each year


Discover healthy companies

Dividend

What is Appgate current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

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

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


Stability and Growth of Payments

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

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


Earnings Payout to Shareholders

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


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as APGT has not reported any payouts.


Discover strong dividend paying companies

Management

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

0.8yrs

Average management tenure


CEO

Barry Field (51 yo)

0.83

Tenure

US$582,555

Compensation

Mr. Barry Field serves as the Chief Executive Officer at Appgate, Inc. and Director since October 12, 2021. He served as Chief Executive Officer of Legacy Appgate, a position he held since May 2020. Previo...


CEO Compensation Analysis

Compensation vs Market: Barry's total compensation ($USD582.56K) is below average for companies of similar size in the US market ($USD3.94M).

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


Leadership Team

Experienced Management: APGT's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: APGT's board of directors are not considered experienced ( 0.8 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.


Ownership Breakdown

Dilution of Shares: APGT only recently listed within the past 12 months.


Top Shareholders

Company Information

Appgate, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Appgate, Inc.
  • Ticker: APGT
  • Exchange: OTCPK
  • Founded: NaN
  • Industry: Systems Software
  • Sector: Software
  • Implied Market Cap: US$956.822m
  • Shares outstanding: 131.79m
  • Website: https://www.appgate.com

Number of Employees


Location

  • Appgate, Inc.
  • 2 Alhambra Plaza
  • Suite PH-1-B
  • Coral Gables
  • Florida
  • 33134
  • 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 Price2022/08/03 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.