When Should You Buy Apogee Enterprises, Inc. (NASDAQ:APOG)?

Apogee Enterprises, Inc. (NASDAQ:APOG), might not be a large cap stock, but it saw significant share price movement during recent months on the NASDAQGS, rising to highs of US$71.90 and falling to the lows of US$43.86. Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price. A question to answer is whether Apogee Enterprises' current trading price of US$43.86 reflective of the actual value of the small-cap? Or is it currently undervalued, providing us with the opportunity to buy? Let’s take a look at Apogee Enterprises’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change.

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Is Apogee Enterprises Still Cheap?

Good news, investors! Apogee Enterprises is still a bargain right now. According to our valuation, the intrinsic value for the stock is $61.51, but it is currently trading at US$43.86 on the share market, meaning that there is still an opportunity to buy now. Another thing to keep in mind is that Apogee Enterprises’s share price may be quite stable relative to the rest of the market, as indicated by its low beta. This means that if you believe the current share price should move towards its intrinsic value over time, a low beta could suggest it is not likely to reach that level anytime soon, and once it’s there, it may be hard to fall back down into an attractive buying range again.

View our latest analysis for Apogee Enterprises

What kind of growth will Apogee Enterprises generate?

Future outlook is an important aspect when you’re looking at buying a stock, especially if you are an investor looking for growth in your portfolio. Buying a great company with a robust outlook at a cheap price is always a good investment, so let’s also take a look at the company's future expectations. However, with a relatively muted profit growth of 2.9% expected over the next couple of years, growth doesn’t seem like a key driver for a buy decision for Apogee Enterprises, at least in the short term.

What This Means For You

Are you a shareholder? Even though growth is relatively muted, since APOG is currently undervalued, it may be a great time to increase your holdings in the stock. However, there are also other factors such as capital structure to consider, which could explain the current undervaluation.

Are you a potential investor? If you’ve been keeping an eye on APOG for a while, now might be the time to make a leap. Its future outlook isn’t fully reflected in the current share price yet, which means it’s not too late to buy APOG. But before you make any investment decisions, consider other factors such as the strength of its balance sheet, in order to make a well-informed buy.

If you want to dive deeper into Apogee Enterprises, you'd also look into what risks it is currently facing. At Simply Wall St, we found 1 warning sign for Apogee Enterprises and we think they deserve your attention.

If you are no longer interested in Apogee Enterprises, you can use our free platform to see our list of over 50 other stocks with a high growth potential.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.