| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | — | — | — | — | — | — | — | — | — | — | — |
| Sell | — | — | — | — | — | — | — | — | — | — | — | — |
| total | individual payouts | |
|---|---|---|
| 2028 | ‡‡‡‡ |
|
| 2027 | ‡‡‡‡ |
|
| 2026 | 1.04 |
—
—
—
|
| 2025 | 1.04 |
—
—
—
—
|
| 2024 | 1.00 |
—
—
—
—
|
| 2023 | 0.96 |
—
—
—
—
|
| 2022 | 0.88 |
—
—
—
—
|
| 2021 | 0.80 |
—
—
—
—
|
| 2020 | 0.75 |
—
—
—
—
|
| 2019 | 0.70 |
—
—
—
—
|
| 2018 | 0.63 |
—
—
—
—
|
| 2017 | 0.56 |
—
—
—
—
|
| 2016 | 0.50 |
—
—
—
—
|
| 2024 | 2025 | 2026 | Q'26 | |
|---|---|---|---|---|
| Cash | 37.22 | 41.45 | 39.52 | 26.43 |
| Receivables | 173.56 | 185.59 | 198.52 | 192.20 |
| Inventory | 69.24 | 92.31 | 98.06 | 101.80 |
| Other | 78.63 | 122.76 | 103.34 | 109.96 |
| 358.64 | 442.10 | 439.43 | 430.40 |
| 2024 | 2025 | 2026 | Q'26 | |
|---|---|---|---|---|
| Payables | 84.76 | 98.80 | 105.48 | 86.17 |
| ST’ Debt | — | — | — | — |
| Other | 93.86 | 122.85 | 106.98 | 113.27 |
| 244.71 | 285.46 | 266.86 | 244.61 |
| 10y | 5y | 3y | |
| Sales | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Earnings | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Book Value | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| May | Aug | Nov | Feb | Year | |
|---|---|---|---|---|---|
| ’26 | 342.68 | — | — | — |
—
|
| ’26 | 346.62 | 358.19 | 348.56 | 351.35 |
1,404.73
|
| ’25 | 331.52 | 342.44 | 341.34 | 345.69 |
1,360.99
|
| ’24 | 361.71 | 353.68 | 339.71 | 361.84 |
1,416.94
|
| ’23 | 356.64 | 372.11 | 367.85 | 344.11 |
1,440.70
|
| ’22 | 326.01 | 325.80 | 334.22 | 327.96 |
1,313.98
|
| ’21 | 289.10 | 319.48 | 313.58 | 308.61 |
1,230.77
|
| May | Aug | Nov | Feb | Year | |
|---|---|---|---|---|---|
| ’26 | 7.43 | — | — | — |
—
|
| ’26 | (19.78) | 57.06 | 29.34 | 55.84 |
122.47
|
| ’25 | 5.45 | 58.68 | 31.00 | 30.03 |
125.16
|
| ’24 | 21.29 | 41.28 | 66.69 | 74.90 |
204.15
|
| ’23 | (30.46) | 27.82 | 53.76 | 51.58 |
102.70
|
| ’22 | 6.88 | 48.02 | 31.38 | 14.18 |
100.47
|
| ’21 | 23.98 | 61.35 | 35.18 | 21.35 |
141.86
|
| May | Aug | Nov | Feb | Year | |
|---|---|---|---|---|---|
| ’26 | 1.14 | — | — | — |
—
|
| ’26 | (26.95) | 52.46 | 24.40 | 46.88 |
96.79
|
| ’25 | (1.74) | 50.81 | 22.10 | 19.08 |
90.26
|
| ’24 | 13.96 | 33.73 | 54.85 | 58.72 |
161.27
|
| ’23 | (31.50) | 23.72 | 45.98 | 27.07 |
65.27
|
| ’22 | 2.62 | 43.46 | 28.49 | 34.66 |
109.23
|
| ’21 | 15.37 | 55.74 | 56.01 | 13.69 |
140.81
|
| May | Aug | Nov | Feb | Year | |
|---|---|---|---|---|---|
| ’26 | 0.54 | — | — | — |
—
|
| ’26 | (0.13) | 1.10 | 0.77 | 0.78 |
2.52
|
| ’25 | 1.41 | 1.40 | 0.96 | 0.11 |
3.89
|
| ’24 | 1.05 | 1.52 | 1.23 | 0.71 |
4.51
|
| ’23 | 1.00 | 1.68 | 1.07 | 0.91 |
4.64
|
| ’22 | 0.42 | (0.08) | 0.44 | (0.67) |
0.14
|
| ’21 | 0.11 | 0.67 | 1.42 | (1.65) |
0.59
|
| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 35.96 | 36.62 | 51.15 | 32.77 | 30.75 | — | — | — |
Low Price
|
| ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 50.45 | 55.13 | 87.93 | 72.95 | 50.88 | — | — | — |
High Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 5,500 | 4,900 | 4,400 | 4,500 | 4,100 | — | — | — |
Employees
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | 0.24 | 0.29 | 0.32 | 0.30 | 0.34 | — | — | — |
Revenue/Emp
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1,313.98 | 1,440.70 | 1,416.94 | 1,360.99 | 1,404.73 | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Revenue
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | 20.86% | 23.27% | 25.91% | 26.44% | 22.74% | — | — | — |
Gross Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 13.87 | 116.62 | 129.25 | 112.57 | 77.46 | — | — | — |
EBT
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.06% | 8.09% | 9.12% | 8.27% | 5.51% | ‡‡‡ | ‡‡‡ | — |
EBT Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 3.49 | 104.11 | 99.61 | 85.05 | 54.13 | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Net Income
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 99.47 | 42.40 | 41.59 | 44.61 | 50.00 | — | — | — |
Depreciation
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 52.73 | 65.47 | 64.79 | 62.64 | 65.97 | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Revenue/Sh
|
| ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | 0.14 | 4.73 | 4.55 | 3.91 | 2.54 | ‡‡‡‡ | ‡‡‡‡ | — |
Earnings/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 4.03 | 4.67 | 9.33 | 5.76 | 5.75 | — | — | — |
Cash Flow/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | 0.35 | (1.70) | (1.96) | (1.61) | (1.21) | ‡‡‡ | ‡‡‡ | — |
Capex/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 4.38 | 2.97 | 7.37 | 4.15 | 4.55 | — | — | — |
Free CF/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 15.50 | 18.01 | 21.54 | 22.46 | 24.03 | — | — | — |
Book Value/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 24.92 | 22.01 | 21.87 | 21.73 | 21.30 | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Shares
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 375.58 | 9.67 | 12.49 | 12.29 | 15.50 | ‡‡‡‡ | ‡‡‡‡ | — |
PE Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.85 | 0.70 | 0.88 | 0.77 | 0.60 | ‡‡‡ | ‡‡‡ | — |
PS Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2.91 | 2.54 | 2.66 | 2.13 | 1.64 | ‡‡‡ | ‡‡‡ | — |
PB Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.95 | 0.81 | 0.91 | 0.95 | 0.74 | ‡‡‡‡ | ‡‡‡‡ | — |
EV/Sales
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (16.94) | (9.92) | (59.47) | (14.00) | (12.12) | — | — | — |
EV/FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 100.47 | 102.70 | 204.15 | 125.16 | 122.47 | ‡‡‡ | ‡‡‡ | — |
Op' Cash Flow
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 8.76 | (37.42) | (42.89) | (34.90) | (25.68) | ‡‡‡‡‡ | — | — |
Capex
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 109.23 | 65.27 | 161.27 | 90.26 | 96.79 | — | — | — |
FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 104.95 | 140.55 | 113.93 | 156.65 | 172.58 | — | — | — |
Working Cap'
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 163.00 | 181.84 | 62.00 | 285.00 | 232.28 | — | — | — |
Total Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 125.42 | 160.36 | 24.78 | 243.55 | 192.76 | — | — | — |
Net Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 386.20 | 396.41 | 471.03 | 487.90 | 511.79 | — | — | — |
Sh' Equity
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.37% | 11.55% | 11.07% | 8.26% | 4.71% | — | — | — |
ROA
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | 2.69% | 14.12% | 16.87% | 10.09% | 7.49% | — | — | — |
ROIC
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.79% | 26.61% | 22.97% | 17.74% | 10.83% | — | — | — |
ROE
|
Apogee Enterprises (APOG), a leader in architectural framing systems and building glass, has shown impressive resilience in the cyclical construction sector through strategic efficiency gains and divestitures. Revenue peaked at $1.44 billion in 2023 after a 5.5% CAGR from 2016, fueled by acquisitions, but dipped slightly in 2024 with flat forecasts ahead. A 34% headcount reduction boosted revenue per employee by 63% to $322,000, while the 2023 sale of its Viracon glass business sharpened focus on higher-margin operations, lifting gross margins to 25.9% and driving profitability rebounds like a 26.6% ROE peak.
Despite these strengths, APOG’s stock has pulled back over 50% from 2024 highs near $88, trading at undervalued multiples (12.5x trailing PE, 0.88x PS) that imply just 4% mean analyst upside but 15-20% via DCF models. Free cash flow per share hit $7.37 recently, supporting buybacks that cut shares 25%, and a solid balance sheet with manageable debt adds stability amid construction slowdowns.
This disconnect between solid fundamentals—improving margins, strong ROE outperforming peers, and EPS recovery projected to $3.95 by 2028—presents a compelling value play for patient investors eyeing 15% annualized returns on dips. Risks like rising capex and industry moderation exist, but efficiency and potential infrastructure tailwinds make APOG worth watching.
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