The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. Apogee Enterprises has an asset utilization ratio of 200.78 percent. This indicates that the company is making $2.01 for each dollar of assets. An increasing asset utilization means that Apogee Enterprises is more efficient with each dollar of assets it utilizes for everyday operations. About
91.0% of the company shares are held by institutions such as insurance companies. Apogee Enterprises has price-to-book (P/B) ratio of 1.02. Some equities with similar Price to Book (P/B) outperform the market in the long run. The entity has Price/Earnings To Growth (PEG) ratio of 0.75. The firm last dividend was issued on the 13th of July 2020. Apogee Enterprises had
2:1 split on the 18th of February 1997.
The successful prediction of Apogee Enterprises
stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published
stock prices of traded companies, such as Apogee Enterprises, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at
the intrinsic value of Apogee Enterprises based on Apogee Enterprises hews, social hype, general headline patterns, and widely used
predictive technical indicators. We also calculate exposure to Apogee Enterprises's
market risk, different
technical and
fundamental indicators, relevant financial multiples and ratios, and then
comparing them to Apogee Enterprises's related companies.
Use Technical Analysis to project Apogee expected Price
Apogee Enterprises technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Apogee Enterprises technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Apogee Enterprises trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions.
More Info...Apogee Enterprises Gross Profit
Apogee Enterprises Gross Profit growth is one of the most critical measures in evaluating the company. The Gross Profit growth rate is calculated simply by comparing Apogee Enterprises previous period's values with its current period's values. Each time period you're measuring should be of equal lengths the increase or decrease, in a company's Gross Profit between two periods. Here we show Apogee Enterprises Gross Profit growth over the last 10 years. Please check Apogee Enterprises'
gross profit and other
fundamental indicators for more details.
A Deeper look at Apogee
Apogee Enterprises reported the previous year's revenue of 1.32
B. Net Income was 49.35
M with profit before overhead, payroll, taxes, and interest of 303.96
M.
| 2010 | 2014 | 2019 | 2020 (projected) |
Consolidated Income | 27.99 M | 45.69 M | 61.91 M | 56.9 M | Direct Expenses | 606.19 M | 1.11 B | 1.07 B | 876.08 M |
Deferred Revenue Breakdown
Apogee Enterprises Deferred Revenue is increasing over the years with slightly volatile fluctuation. Deferred Revenue is expected to dwindle to about 27.9
M. Deferred Revenue usually refers to a component of Total Liabilities representing the carrying amount of consideration received or receivable on potential earnings that were not recognized as revenue; including sales; license fees; and royalties; but excluding interest income. Apogee Enterprises Deferred Revenue is projected to increase significantly based on the last few years of reporting. The past year's Deferred Revenue was at 32.7 Million
| 2010 | 22.56 Million |
| 2014 | 21.48 Million |
| 2019 | 32.7 Million |
| 2020 | 27.86 Million |
Momentum Analysis of Apogee Enterprises suggests possible reversal in October
Maximum drawdown is down to 15.45. It may indicate a possible volatility dip. As of the 17th of September 2020, Apogee Enterprises shows the
mean deviation of 2.33, and Risk Adjusted Performance of
(0.024768). Apogee Enterprises
technical analysis gives you the methodology to make use of
historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of
historical prices and volume momentum, or the prices will eventually revert. We were able to analyze and collect data for nineteen
technical drivers for Apogee Enterprises, which can be compared to its rivals. Please confirm
Apogee Enterprises jensen alpha, as well as the
relationship between the potential upside and
skewness to decide if Apogee Enterprises is priced correctly, providing market reflects its regular price of 19.81 per share. Given that Apogee Enterprises has
jensen alpha of
(0.14), we suggest you to validate Apogee Enterprises's prevailing market performance to make sure the company can sustain itself at a future point.
Our Takeaway on Apogee Enterprises Investment
Although some other companies in the building products & equipment industry are either recovering or due for a correction, Apogee Enterprises may not be performing as strong as the other in terms of long-term growth potentials. While some shareholders may not share our view we believe that the current risk-reward utility is not appealing enough to do any trading. Please use our equity advice module to run different scenarios to ensure your current risk level and investment horizon are fully reflective of your current investing preferences in regards to Apogee Enterprises.
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Rifka Kats is a Member of Macroaxis Editorial Board. Rifka writes about retail product and service companies from the perspective of a regular consumer and sophisticated investor at the same time. She is passionate about corporate ethics and equality in the workforce.
View Profile This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Rifka Kats do not own shares of Apogee Enterprises. Please refer to our
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