A Business at a Glance
0 of 1 daily views used (1 remaining). Sign up free for +5 more daily views (6 total), or try AAPL for a full preview.
AMERICAN PUBLIC EDUCATION INC
APEI
$888M
Mkt Cap
$47.71
-0.98%
AMERICAN PUBLIC EDUCATION INC (APEI) has a current P/E ratio of 36.4, compared to its historical median P/E of 23.5. The stock is currently considered Expensive based on its historical valuation range.
AMERICAN PUBLIC EDUCATION INC (APEI) has a 5-year average return on invested capital (ROIC) of -1.8%. This is below average and may indicate limited pricing power.
AMERICAN PUBLIC EDUCATION INC (APEI) has a market capitalization of $888M. It is classified as a small-cap stock.
Yes, AMERICAN PUBLIC EDUCATION INC (APEI) pays a dividend with a trailing twelve-month yield of 0.31%. The company also returns capital through share buybacks, with a buyback yield of 0.48%.
Based on historical P/E analysis, AMERICAN PUBLIC EDUCATION INC (APEI) appears expensive. The current P/E of 36.4 is 55% above its historical median of 23.5. The estimated fair value CAGR (P/E method) is -5.0%.
AMERICAN PUBLIC EDUCATION INC (APEI) operates in the Services-Educational Services industry, within the Consumer Cyclical sector.
COMPANY OVERVIEW American Public Education, Inc., or APEI, provides online and campus-based postsecondary education to approximately 108,600 students through our subsidiary institutions. Our institutions offer purpose-built education programs designed to prepare individuals for productive contributions to their professions and society and to offer opportunities designed to advance students in their current professions or to help them prepare for their next career. Our Vision and Mission Our vision is for education to transform lives, advance careers, and improve communities. Our mission is to Power Purpose, Potential and Prosperity for Those in Service to Others. Our institutions of advanced learning are purpose-built to prepare service-minded students for employment, careers, and leadership in a diverse and changing world. Many of our students are from underserved populations for whom our institutions can transform their and their families’ lives.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 649M | 649M | 625M | 601M | 606M | 419M |
| Net Income | 25M | 25M | 10M | -53M | -115M | 18M |
| EPS | $1.36 | $1.36 | $0.55 | $-2.93 | $-6.08 | $0.97 |
| Free Cash Flow | 46M | 46M | 28M | 32M | 13M | 4.4M |
| ROIC | 11.4% | 12.6% | 6.8% | -12.8% | -22.8% | 7.3% |
| Gross Margin | 54.2% | 54.2% | 52.7% | 51.2% | 52.4% | 58.8% |
| Debt/Equity | 0.55 | 0.55 | 0.66 | 0.70 | 0.60 | 0.59 |
| Dividends/Share | $0.15 | $0.15 | $0.33 | $0.33 | $0.00 | $0.00 |
| Operating Income | 48M | 48M | 33M | -48M | -137M | 30M |
| Operating Margin | 7.4% | 7.4% | 5.3% | -8.0% | -22.7% | 7.3% |
| ROE | 8.6% | 8.5% | 3.4% | -16.6% | -30.1% | 4.9% |
| Shares Outstanding | 19M | 19M | 18M | 18M | 19M | 18M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 350M | 328M | 313M | 299M | 298M | 286M | 322M | 419M | 606M | 601M | 625M | 649M | 649M |
| Gross Margin | 44.9% | 44.5% | 62.6% | 61.2% | 61.3% | 60.9% | 62.0% | 58.8% | 52.4% | 51.2% | 52.7% | 54.2% | 54.2% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 75M | 73M | 69M | 69M | 74M | 78M | 88M | 103M | 120M | 128M | 142M | 145M | 145M |
| EBIT | 66M | 52M | 38M | 35M | 33M | 13M | 25M | 30M | -137M | -48M | 33M | 48M | 48M |
| Op. Margin | 18.8% | 15.9% | 12.2% | 11.6% | 10.9% | 4.5% | 7.7% | 7.3% | -22.7% | -8.0% | 5.3% | 7.4% | 7.4% |
| Net Income | 41M | 32M | 24M | 21M | 26M | 10M | 19M | 18M | -115M | -53M | 10M | 25M | 25M |
| Net Margin | 11.7% | 9.9% | 7.7% | 7.1% | 8.6% | 3.5% | 5.8% | 4.2% | -19.0% | -8.9% | 1.6% | 3.9% | 3.9% |
| Non-Recurring | -115K | -817K | -1.2M | -2.1M | -882K | 6.8M | -851K | -1.3M | 130M | 52M | -383K | -444K | -444K |
| Returns on Capital | |||||||||||||
| ROIC | 35.4% | 25.8% | 18.7% | 20.5% | 21.9% | 4.1% | 9.4% | 7.3% | -22.8% | -12.8% | 6.8% | 12.6% | 11.4% |
| ROE | 18.5% | 13.8% | 9.6% | 7.6% | 8.4% | 3.2% | 6.2% | 4.9% | -30.1% | -16.6% | 3.4% | 8.5% | 8.6% |
| ROA | 14.4% | 10.9% | 7.9% | 6.5% | 7.2% | 2.8% | 5.2% | 3.2% | -17.2% | -9.1% | 1.8% | 4.6% | 4.9% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 61M | 57M | 56M | 48M | 44M | 38M | 45M | 16M | 29M | 46M | 49M | 62M | 62M |
| Free Cash Flow | 36M | 31M | 40M | 33M | 35M | 31M | 40M | 4.4M | 13M | 32M | 28M | 46M | 46M |
| Owner Earnings | 40M | 31M | 31M | 23M | 19M | 17M | 25M | -9.2M | -11M | 10.0M | 22M | 37M | 37M |
| CapEx | 25M | 26M | 16M | 15M | 9.4M | 7.3M | 4.9M | 12M | 16M | 14M | 21M | 16M | 16M |
| Maint. CapEx | 16M | 21M | 19M | 19M | 18M | 16M | 13M | 18M | 32M | 28M | 19M | 16M | 16M |
| Growth CapEx | 8.5M | 5.5M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.8M | 0 | 0 |
| D&A | 16M | 21M | 19M | 19M | 18M | 16M | 13M | 18M | 32M | 28M | 19M | 16M | 16M |
| CapEx/OCF | 40.3% | 45.4% | 24.7% | 30.8% | 21.3% | 18.9% | 11.0% | 72.7% | 56.1% | 30.5% | 43.1% | N/A | 25.6% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6.0M | 6.1M | 2.8M | 2.8M |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 4.8% | 2.1% | N/A | 0.3% |
| Share Buybacks | 20M | 35M | 848K | 1.6M | 1.8M | 41M | 16M | 3.0M | 1.5M | 11M | 4.2M | 4.3M | 4.3M |
| Buyback Yield | 3.1% | 10.6% | 0.2% | 0.4% | 0.4% | 9.2% | 3.3% | 0.7% | 0.6% | 6.0% | 1.1% | 0.0% | 0.5% |
| Stock-Based Comp | 5.4M | 5.9M | 5.2M | 6.2M | 7.2M | 6.0M | 7.1M | 7.7M | 8.0M | 7.7M | 7.7M | 8.4M | 8.4M |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.2M | 74M | 114K | 3.0M | 213K | 213K |
| Balance Sheet | |||||||||||||
| Net Debt | N/A | N/A | N/A | N/A | N/A | -191M | -219M | 95M | 107M | 88M | 68M | -11M | -11M |
| Cash & Equiv. | 116M | 106M | 146M | 179M | 212M | 203M | 228M | 150M | 103M | 117M | 132M | 174M | 174M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | 0 | 0 | 152M | 93M | 95M | 93M | 95M | 95M |
| Debt/Equity | 0.27 | 0.26 | 0.19 | 0.17 | 0.15 | 0.04 | 0.03 | 0.59 | 0.60 | 0.70 | 0.66 | 0.55 | 0.55 |
| Interest Coverage | 182.4 | 454.6 | 330.0 | 188.4 | N/A | N/A | N/A | 8.3 | -35.2 | -483.1 | 165.3 | 239.7 | 239.7 |
| Equity | 234M | 237M | 265M | 289M | 321M | 297M | 307M | 416M | 350M | 292M | 304M | 295M | 295M |
| Total Assets | 298M | 299M | 316M | 339M | 371M | 355M | 371M | 726M | 615M | 557M | 570M | 521M | 521M |
| Total Liabilities | 64M | 62M | 51M | 50M | 50M | 58M | 64M | 310M | 265M | 265M | 266M | 227M | 227M |
| Intangibles | 6.8M | 5.9M | 5.2M | 4.6M | 4.0M | 3.7M | 3.7M | 85M | 55M | 32M | 28M | 28M | 28M |
| Retained Earnings | 64M | 63M | 87M | 109M | 134M | 106M | 111M | 129M | 14M | -49M | -42M | -17M | -17M |
| Working Capital | 88M | 80M | 116M | 148M | 188M | 178M | 197M | 119M | 115M | 143M | 181M | 185M | 185M |
| Current Assets | 136M | 127M | 159M | 191M | 233M | 223M | 252M | 203M | 186M | 217M | 261M | 260M | 260M |
| Current Liabilities | 48M | 46M | 42M | 43M | 44M | 45M | 55M | 84M | 71M | 74M | 79M | 75M | 75M |
| Per Share Data | |||||||||||||
| EPS | 2.33 | 1.93 | 1.49 | 1.29 | 1.54 | 0.62 | 1.25 | 0.97 | -6.08 | -2.93 | 0.55 | 1.36 | 1.36 |
| Owner EPS | 2.25 | 1.82 | 1.94 | 1.40 | 1.17 | 1.04 | 1.64 | -0.50 | -0.58 | 0.55 | 1.20 | 2.01 | 2.01 |
| Book Value | 13.35 | 14.12 | 16.33 | 17.68 | 19.30 | 18.37 | 20.38 | 22.71 | 18.48 | 16.05 | 16.62 | 15.84 | 15.84 |
| Cash Flow/Share | 3.48 | 3.39 | 3.46 | 2.93 | 2.65 | 2.38 | 2.98 | 0.89 | 1.54 | 2.50 | 2.67 | 3.33 | 2.23 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 | 0.00 | 0.33 | 0.33 | 0.15 | 0.15 |
| Shares Out. | 17.5M | 16.8M | 16.2M | 16.4M | 16.6M | 16.1M | 15.1M | 18.3M | 18.9M | 18.2M | 18.3M | 18.6M | 18.6M |
| Valuation | |||||||||||||
| P/E Ratio | 15.7 | 10.3 | 17.1 | 19.4 | 18.2 | 44.0 | 25.0 | 23.5 | N/A | N/A | 39.1 | N/A | 35.1 |
| P/FCF | 17.6 | 10.7 | 10.4 | 12.4 | 13.4 | 14.1 | 11.8 | 94.1 | 18.5 | 5.6 | 14.1 | N/A | 19.3 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | 9.8 | 14.1 | N/A | N/A | 9.9 | N/A | 18.3 |
| Price/Book | 2.7 | 1.4 | 1.6 | 1.4 | 1.5 | 1.5 | 1.5 | 1.0 | 0.7 | 0.6 | 1.3 | N/A | 3.0 |
| Price/Sales | 1.7 | 1.4 | 1.2 | 1.2 | 2.0 | 1.6 | 1.3 | 1.2 | 0.5 | 0.2 | 0.5 | N/A | 1.4 |
| FCF Yield | 5.7% | 9.3% | 9.6% | 8.1% | 7.4% | 7.1% | 8.5% | 1.1% | 5.4% | 17.7% | 7.1% | N/A | 5.2% |
| Market Cap | 641M | 333M | 413M | 410M | 466M | 440M | 471M | 417M | 238M | 179M | 393M | 0 | 888M |
| Avg. Price | 34.82 | 26.67 | 22.24 | 22.46 | 35.37 | 28.30 | 28.37 | 28.22 | 15.82 | 6.90 | 15.42 | 0.00 | 47.71 |
| Year-End Price | 36.51 | 19.84 | 25.45 | 25.05 | 28.02 | 27.26 | 31.29 | 22.81 | 12.57 | 9.82 | 21.48 | 0.00 | 47.71 |
AMERICAN PUBLIC EDUCATION INC passes 2 of 9 quality checks, indicating weak fundamentals.
AMERICAN PUBLIC EDUCATION INC trades at 36.4x trailing earnings, compared to its 15-year median P/E of 23.5x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 14.4x vs a median of 13.4x. The company's 5-year average gross margin is 53.9%. Total shareholder yield (dividends + buybacks) is 0.8%. At current prices, the estimated annualized return to fair value is -1.6%.
AMERICAN PUBLIC EDUCATION INC (APEI) reported annual revenue of $649 million in its most recent fiscal year, based on SEC EDGAR filings.
AMERICAN PUBLIC EDUCATION INC (APEI) has a net profit margin of 3.9%. This is a modest margin.
AMERICAN PUBLIC EDUCATION INC (APEI) generated $46 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
AMERICAN PUBLIC EDUCATION INC (APEI) has a debt-to-equity ratio of 0.55. This indicates moderate leverage.
AMERICAN PUBLIC EDUCATION INC (APEI) reported earnings per share (EPS) of $1.36 in its most recent fiscal year.
AMERICAN PUBLIC EDUCATION INC (APEI) has a return on equity (ROE) of 8.5%. This indicates moderate shareholder returns.
AMERICAN PUBLIC EDUCATION INC (APEI) has a 5-year average gross margin of 53.9%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 19 years of financial data for AMERICAN PUBLIC EDUCATION INC (APEI), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
AMERICAN PUBLIC EDUCATION INC (APEI) has a book value per share of $15.84, based on its most recent annual SEC filing.