APT Stock Fair Value – Alpha Pro Tech Boosts Share Repurchase Program with $2M Expansion
December 17, 2023
☀️Trending News
Alpha Pro Tech ($NYSEAM:APT), a leading supplier of protective products, recently announced that it has decided to expand its share repurchase program by an additional $2M. This expansion is an effort to increase its value to shareholders and build upon the success of its current stock repurchase program. It is best known for its PPE products, including masks, boots, and gloves. The company’s products are used in medical settings, construction sites, and industrial facilities. Many of Alpha Pro Tech’s products have been approved by the FDA, NIOSH, and other regulatory agencies. Alpha Pro Tech’s decision to expand its share repurchase program signals that the company believes that its stock is undervalued and that it could be an attractive purchase for investors.
This move could provide a boost to the company’s stock price which could benefit current shareholders. The additional $2M will be used to acquire the company’s own stock on the open market in order to reduce the total number of outstanding shares. The expansion of Alpha Pro Tech’s share repurchase program is a strong indication of the company’s commitment to increasing shareholder value. This move is likely to be welcomed by many investors who are looking for ways to get a return on their investment in Alpha Pro Tech.
Stock Price
The company announced that it would be increasing its buyback program by $2 million, up from the previously allocated $1 million. The announcement caused a slight dip in the stock price, as it opened at $4.9 and closed at the same price, which was down by 0.2% from the prior closing rate of 4.9. The expansion of the repurchase program is seen as a sign of confidence in the company’s future prospects. It signals that management believes in the potential of ALPHA PRO TECH’s business and is making an effort to support the stock price and increase value for shareholders.
Additionally, it is a way for the company to return value to shareholders by reducing the amount of shares outstanding and increasing their worth. It will help to maintain shareholder value and support the stock price in the long run. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for APT. More…
| Total Revenues | Net Income | Net Margin |
| 58.19 | 3.69 | 6.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for APT. More…
| Operations | Investing | Financing |
| 6.88 | -0.63 | -3.6 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for APT. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 64.61 | 3.22 | 5.28 |
Key Ratios Snapshot
Some of the financial key ratios for APT are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -11.7% | -44.5% | 6.7% |
| FCF Margin | ROE | ROA |
| 10.7% | 4.0% | 3.8% |
Analysis – APT Stock Fair Value
At GoodWhale, we recently conducted a detailed analysis of ALPHA PRO TECH’s wellbeing. After careful consideration, we determined that the intrinsic value of an ALPHA PRO TECH share is approximately $6.4. This was calculated using our proprietary Valuation Line. Currently, however, ALPHA PRO TECH shares are being traded at $4.9, making it an undervalued stock by 23.0%. This provides an excellent opportunity for investors to purchase the stock at a discount. More…
Peers
The company has over 50 years of experience and operates in North America, Europe, and Asia. Its products are used in a variety of applications, including residential and commercial construction, renovation, and repair. The company’s primary competitors are Ravileela Granites Ltd, PGT Innovations Inc, and BlueLinx Holdings Inc. These companies are all publicly traded and have a significant presence in the building products industry. Each company has a different focus, but all are competing for market share in the highly competitive building products industry.
– Ravileela Granites Ltd ($BSE:526095)
Ravileela Granites Ltd is a publicly traded company with a market capitalization of 372.63M as of 2022. The company has a return on equity of 22.41%. Ravileela Granites Ltd is engaged in the business of quarrying, processing and exporting granite. The company has its own quarries in Andhra Pradesh and Karnataka, and a processing unit in Bangalore.
– PGT Innovations Inc ($NYSE:PGTI)
PGT Innovations Inc is a company that manufactures impact-resistant windows and doors. The company has a market cap of 1.17B as of 2022 and a Return on Equity of 17.81%. PGT Innovations Inc is a company that manufactures impact-resistant windows and doors. The company has a market cap of 1.17B as of 2022 and a Return on Equity of 17.81%. PGT Innovations Inc is a company that manufactures impact-resistant windows and doors. The company has a market cap of 1.17B as of 2022 and a Return on Equity of 17.81%.
– BlueLinx Holdings Inc ($NYSE:BXC)
As of 2022, BlueLinx Holdings Inc. had a market cap of 616.67 million and a return on equity of 58.79%. The company is a provider of building products and services in North America. It distributes products from over 10,000 manufacturers to more than 15,000 customers through its network of more than 70 warehouses.
Summary
Alpha Pro Tech, a leading manufacturer of protective apparel and building supply products, has announced a $2M expansion of its share repurchase program. This move signals optimism in the company’s current financial position, and is expected to increase shareholder value by temporarily reducing the number of outstanding shares. The company has also indicated its intention to use its strong cash flow to potentially repurchase additional shares in the future. Alpha Pro Tech is clearly demonstrating its commitment to return value to its investors.
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