Apogee Enterprises Stock Intrinsic Value – “Apogee Enterprises, Short Interest Increases 6.7% in 2023”.
March 18, 2023
Trending News ☀️
Apogee Enterprises ($NASDAQ:APOG), Inc. has seen a notable increase in short interest in the past year. This increase in short interest indicates that investors have become more skeptical about the future prospects of Apogee Enterprises, Inc., and may be expecting a decline in the company’s stock price. The reasons for this increase in short interest are not yet clear, but the company’s performance in recent quarters has been mixed. Apogee Enterprises, Inc.’s revenue has been increasing, while its profits have been declining.
Additionally, the company has been facing stiff competition in some of its core markets, making it more difficult to maintain their current levels of growth. Ultimately, this increase in short interest could be a sign that investors are becoming more cautious about Apogee Enterprises, Inc. As such, the company may need to make some changes in order to restore investor confidence in its future prospects. These changes could include reducing costs, increasing efficiency, or launching new products and services that can drive greater growth and profitability. By doing so, Apogee Enterprises, Inc. may be able to reverse the trend of rising short interest and restore investor confidence.
Market Price
Recent media coverage of Apogee Enterprises, Inc. (APOGEE) has been mostly positive, yet the stock still saw significant short interest increase of 6.7% as of the end of 2023. On Friday, the stock opened at $40.7 but closed at $39.8, a 3.6% decrease from its prior closing price of 41.3. With the increasing short interest in APOGEE stock, it will be interesting to see if the company can hold onto its gains in the near future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Apogee Enterprises. More…
| Total Revenues | Net Income | Net Margin |
| 1.42k | 67.61 | 7.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Apogee Enterprises. More…
| Operations | Investing | Financing |
| 65.29 | 8.95 | -128.18 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Apogee Enterprises. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 918.45 | 540.81 | 17 |
Key Ratios Snapshot
Some of the financial key ratios for Apogee Enterprises are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 0.7% | 34.9% | 6.2% |
| FCF Margin | ROE | ROA |
| 2.7% | 15.0% | 6.0% |
Analysis – Apogee Enterprises Stock Intrinsic Value
At GoodWhale, we have conducted an analysis of the financials of APOGEE ENTERPRISES to determine its fair value. Using our proprietary Valuation Line, we estimate that APOGEE ENTERPRISES share is worth around $43.8. Currently, APOGEE ENTERPRISES stock is traded at $39.8, a price which is undervalued by 9.1%. This presents an opportunity for investors to purchase the stock at a good price. More…
Peers
Apogee Enterprises Inc. and its competitors, PT Asahimas Flat Glass Tbk, Triveni Glass Ltd, and Simat-Garbovo AD, are all glass manufacturers. PT Asahimas Flat Glass Tbk is the largest glass manufacturer in Indonesia, while Triveni Glass Ltd is an Indian company. Simat-Garbovo AD is a Bulgarian company.
– PT Asahimas Flat Glass Tbk ($IDX:AMFG)
Asahimas Flat Glass Tbk is a publicly traded company with a market capitalization of 2.52T as of 2022. The company has a return on equity of 11.44%. Asahimas Flat Glass Tbk is a manufacturer of flat glass products. The company’s products are used in a variety of applications, including windows, doors, and automobiles.
– Triveni Glass Ltd ($BSE:502281)
Triveni Glass Ltd, based in Mumbai, India, is a manufacturer of pharmaceutical packaging products. The company has a market cap of 272.58M as of 2022 and a return on equity of 126.71%. Triveni Glass Ltd manufactures a wide range of products for the pharmaceutical industry, including ampoules, vials, and bottles. The company also manufactures a variety of other products, such as glass containers for the food and beverage industry.
Summary
Apogee Enterprises, Inc. saw a 6.7% increase in its short interest in the 2023 fiscal year. Despite a strong showing in terms of media exposure, the stock price was seen to have dropped on the same day. This may indicate that investors are concerned about the financial future of the company and are taking a more conservative approach to their investments in Apogee Enterprises.
Analysts suggest that investors should conduct further research into the company’s long-term prospects and potential for growth before making any major decisions. With the right strategy, Apogee Enterprises may still be an attractive option for those looking for potential long-term gains.
