| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 0/6 |
| Past Performance | 0/6 |
| Financial Health | 0/6 |
| Dividends | 0/6 |
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
| Historical stock prices | |
|---|---|
| Current Share Price | US$7.26 |
| 52 Week High | US$28.25 |
| 52 Week Low | US$5.05 |
| Beta | 0 |
| 1 Month Change | -15.09% |
| 3 Month Change | -33.94% |
| 1 Year Change | n/a |
| 3 Year Change | n/a |
| 5 Year Change | n/a |
| Change since IPO | -6.32% |
Recent News & Updates
Shareholder Returns
| APGT | US Software | US Market | |
|---|---|---|---|
| 7D | 0.1% | 4.8% | 1.0% |
| 1Y | n/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
| APGT volatility | |
|---|---|
| APGT Average Weekly Movement | 20.4% |
| Software Industry Average Movement | 10.7% |
| Market Average Movement | 7.9% |
| 10% most volatile stocks in US Market | 17.1% |
| 10% least volatile stocks in US Market | 3.2% |
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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| n/a | 472 | Barry Field | https://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
| APGT fundamental statistics | |
|---|---|
| Market Cap | US$956.82m |
| Earnings (TTM) | -US$188.92m |
| Revenue (TTM) | US$46.62m |
20.5x
P/S Ratio-5.1x
P/E RatioIs APGT overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| APGT income statement (TTM) | |
|---|---|
| Revenue | US$46.62m |
| Cost of Revenue | US$16.99m |
| Gross Profit | US$29.63m |
| Other Expenses | US$218.55m |
| Earnings | -US$188.92m |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | -1.43 |
| Gross Margin | 63.56% |
| Net Profit Margin | -405.24% |
| Debt/Equity Ratio | -119.8% |
How did APGT perform over the long term?
See historical performance and comparisonValuation
Is APGT undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
0/6Valuation 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.
| What is APGT's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | US$956.82m |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 21.9x |
| Enterprise Value/EBITDA | -23.4x |
| PEG Ratio | n/a |
Price to Sales Ratio vs Peers
How does APGT's PS Ratio compare to its peers?
| APGT PS Ratio vs Peers |
|---|
| Company | PS | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 4.3x | ||
SCWX SecureWorks | 1.6x | 5.1% | US$841.8m |
ATEN A10 Networks | 4.4x | 9.4% | US$1.2b |
ZUO Zuora | 3.3x | 17.5% | US$1.2b |
TLS Telos | 2.5x | 10.2% | US$591.3m |
APGT Appgate | 20.5x | n/a | US$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.
| Fair Ratio | |
|---|---|
| Current PS Ratio | 20.5x |
| Fair PS Ratio | n/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
0/6Future 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
0/6Past 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
0/6Financial 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
0/6Dividend 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/08/06 00:00 |
| End of Day Share Price | 2022/08/03 00:00 |
| Earnings | 2022/03/31 |
| Annual Earnings | 2021/12/31 |
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.