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General information

Country: CANADA

Sector: Building Products and Equipment

Alpha Pro Tech, Ltd., together with its subsidiaries, engages in developing, manufacturing, and marketing a line of disposable protective apparel and infection control, and building supply products in the United States and internationally. The company operates through two segments, Building Supply and Disposable Protective Apparel. The Building Supply segment offers construction weatherization products, such as house wrap, synthetic roof underlayment, and other woven materials. The Disposable Protective Apparel segment provides shoecovers, bouffant caps, gowns, coveralls, lab coats, hoods, and frocks, as well as face masks and face shields. The company provides its products under the Alpha Pro Tech brand name, as well as under private labels. Its products are used primarily in cleanrooms; industrial safety manufacturing environments; health care facilities, such as hospitals, laboratories, and dental offices; pharmaceutical markets; and building and re-roofing sites. The company distributes its products through a network of purchasing groups, distributors, and independent sales representatives, as well as through its sales and marketing force. Alpha Pro Tech, Ltd. was founded in 1983 and is headquartered in Markham, Canada.
Website: alphaprotech.com



Growth: Bad revenue growth rate -5.6%, there is slowdown compared to average historical growth rates 30.1%. The revenue growth dynamics is unstable

Profitability: LTM EBITDA margin is positive, +22.6%. On average the margin is decreasing unsteadily. Gross margin is normal, +32.3%. In the last quarter the company did not beat the estimated EPS, -18.2%.

Cash Flow Generation: Dividend yield for the last twelve months 0.0%. Free cash flow yield 7.7% (LTM)

Undervaluation: Fundamental value created in LTM (estimate)


Entry Point: Share price is 65.0% higher than minimum and 49.3% lower than maximum for the last 3 years

AI Insight: the companies with similar growth trajectories, EBITDA margin, industries and geography on average are valued 3.4x by EV / Sales multiple , the company can be >100% undervalued

Insiders: For the last 3 months insiders sold company shares on $0.3 mln (-0.327% of cap.)

Key Financials (Download financials)

Ticker: APT
Share price, USD:  (+0.5%)6.09
year average price 4.74  


year start price 3.96 2023-05-07

min close price 3.69 2023-06-02

max close price 6.82 2024-04-03

current price 6.09 2024-05-05
Common stocks: 12 855 625

Dividend Yield:  0.0%
FCF Yield LTM: 7.7%
EV / LTM EBITDA: 4.7x
EV / EBITDA annualized: 16.3x
Last revenue growth (y/y):  -5.6%
Last growth of EBITDA (y/y):  -50.0%
Historical revenue growth:  30.1%
Historical growth of EBITDA:  24.3%
EV / Sales: 1.1x
Margin (EBITDA LTM / Revenue): 22.6%
Fundamental value created in LTM:
Market Cap ($m): 78
Net Debt ($m): -13
EV (Enterprise Value): 65
Price to Book: 1.3x

Revenue and EBITDA

Quarterly values ($m)

Change (y/y)

Cash Flow

FCF ($m)

Net Debt / Cash and Equivalents ($m)

Share price and dividends (Download history)

Share price

Payment USD per share

Multiple and potential

EV / Sales

Potential dynamics

News


2023-06-16Seeking Alpha

Alpha Pro Tech: Update And Downgrade To Hold

2023-04-05Seeking Alpha

Alpha Pro Tech: Buy For A Long-Term Hold Or Short-Term Trading
More information for subscribed users:
detailed calculation of
Fundamental value created in LTM

Financial reporting

Income Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol APT APT APT APT APT APT
reportedCurrency USD USD USD USD USD USD
cik 884 269 884 269 884 269 884 269 884 269 884 269
fillingDate 2024-03-13 2023-11-08 2023-08-09 2023-05-10 2023-03-16 2022-11-08
acceptedDate 2024-03-13 07:01:05 2023-11-08 14:48:06 2023-08-09 11:40:57 2023-05-10 15:00:23 2023-03-16 13:46:18 2022-11-08 12:29:21
calendarYear 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000
period Q4 Q3 Q2 Q1 Q4 Q3
revenue 15M 16M 16M 14M 12M 15M
costOfRevenue 10M 10M 10M 9M 7M 10M
grossProfit 5M 6M 6M 5M 5M 5M
grossProfitRatio 0.358 0.376 0.379 0.361 0.394 0.327
researchAndDevelopmentExpenses 0 0 0 0 0 0
generalAndAdministrativeExpenses 4M 0 0 0 0 0
sellingAndMarketingExpenses 60 000 0 0 0 0 0
sellingGeneralAndAdministrativeExpenses 4M 4M 5M 4M 4M 4M
otherExpenses 238 000 225 000 219 000 243 000 173 000 201 000
operatingExpenses 4M 5M 5M 5M 4M 4M
costAndExpenses 14M 15M 15M 13M 11M 14M
interestIncome 267 000 222 000 169 000 158 000 109 000 28 000
interestExpense 267 000 0 0 -267 000 -39 000 28 000
depreciationAndAmortization 238 000 225 000 219 000 243 000 173 000 201 000
ebitda 1M 2M 2M 669 000 933 000 848 000
ebitdaratio 0.079 0.103 0.095 0.048 0.076 0.058
operatingIncome 971 000 1M 1M 426 000 760 000 647 000
operatingIncomeRatio 0.064 0.089 0.081 0.031 0.062 0.044
totalOtherIncomeExpensesNet 352 000 180 000 103 000 267 000 109 000 15 000
incomeBeforeTax 1M 2M 2M 693 000 869 000 662 000
incomeBeforeTaxRatio 0.087 0.114 0.098 0.050 0.071 0.045
incomeTaxExpense 262 000 395 000 438 000 141 000 305 000 159 000
netIncome 1M 1M 1M 552 000 564 000 503 000
netIncomeRatio 0.070 0.089 0.071 0.040 0.046 0.034
eps 0.092 0.120 0.100 0.050 0.050 0.040
epsdiluted 0.092 0.120 0.100 0.050 0.050 0.040
weightedAverageShsOut 12M 12M 12M 12M 12M 13M
weightedAverageShsOutDil 12M 12M 12M 12M 12M 13M
link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link

Balance Sheet Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol APT APT APT APT APT APT
reportedCurrency USD USD USD USD USD USD
cik 884 269 884 269 884 269 884 269 884 269 884 269
fillingDate 2024-03-13 2023-11-08 2023-08-09 2023-05-10 2023-03-16 2022-11-08
acceptedDate 2024-03-13 07:01:05 2023-11-08 14:48:06 2023-08-09 11:40:57 2023-05-10 15:00:23 2023-03-16 13:46:18 2022-11-08 12:29:21
calendarYear 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000
period Q4 Q3 Q2 Q1 Q4 Q3
cashAndCashEquivalents 20M 18M 15M 14M 16M 16M
shortTermInvestments 0 0 0 0 0 0
cashAndShortTermInvestments 20M 18M 15M 14M 16M 16M
netReceivables 7M 8M 10M 9M 7M 7M
inventory 20M 22M 22M 24M 24M 25M
otherCurrentAssets 6M 6M 6M 5M 6M 5M
totalCurrentAssets 53M 53M 52M 52M 53M 53M
propertyPlantEquipmentNet 10M 7M 7M 7M 7M 8M
goodwill 55 000 55 000 55 000 55 000 55 000 55 000
intangibleAssets 0 0 0 1000.000 1000.000 2000.000
goodwillAndIntangibleAssets 55 000 55 000 55 000 56 000 56 000 57 000
longTermInvestments 5M 5M 5M 5M 5M 6M
taxAssets 442 000 764 000 764 000 764 000 -5M 0
otherNonCurrentAssets -442 000 -764 000 -764 000 -764 000 5M 0
totalNonCurrentAssets 16M 12M 12M 12M 12M 14M
otherAssets 0 0 0 0 0 0
totalAssets 69M 65M 64M 64M 65M 67M
accountPayables 802 000 320 000 653 000 383 000 674 000 272 000
shortTermDebt 661 000 777 000 777 000 903 000 899 000 895 000
taxPayables 0 0 0 0 0 0
deferredRevenue 0 0 0 0 764 000 791 000
otherCurrentLiabilities 1M 885 000 494 000 387 000 69 000 -44 000
totalCurrentLiabilities 3M 2M 2M 2M 2M 2M
longTermDebt 4M 474 000 532 000 632 000 875 000 1M
deferredRevenueNonCurrent -442 000 -764 000 -764 000 -764 000 -764 000 0
deferredTaxLiabilitiesNonCurrent 442 000 764 000 764 000 764 000 764 000 791 000
otherNonCurrentLiabilities 442 000 764 000 764 000 764 000 764 000 -52 000
totalNonCurrentLiabilities 5M 1M 1M 1M 2M 2M
otherLiabilities 0 0 0 0 0 0
capitalLeaseObligations 4M 1M 1M 2M 2M 2M
totalLiabilities 7M 3M 3M 3M 4M 4M
preferredStock 0 0 0 0 0 0
commonStock 114 000 117 000 119 000 122 000 123 000 126 000
retainedEarnings 47M 63M 62M 62M 62M 63M
accumulatedOtherComprehensiveIncomeLoss -1M -1M -1M -1M -1M 0
othertotalStockholdersEquity 16M 0 0 0 0 0
totalStockholdersEquity 62M 61M 61M 61M 61M 63M
totalEquity 62M 61M 61M 61M 61M 63M
totalLiabilitiesAndStockholdersEquity 69M 65M 64M 64M 65M 67M
minorityInterest 0 0 0 0 0 0
totalLiabilitiesAndTotalEquity 69M 65M 64M 64M 65M 67M
totalInvestments 5M 5M 5M 5M 5M 6M
totalDebt 5M 1M 1M 2M 2M 2M
netDebt -16M -17M -14M -12M -15M -14M
link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link

Cash Flow Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol APT APT APT APT APT APT
reportedCurrency USD USD USD USD USD USD
cik 884 269 884 269 884 269 884 269 884 269 884 269
fillingDate 2024-03-13 2023-11-08 2023-08-09 2023-05-10 2023-03-16 2022-11-08
acceptedDate 2024-03-13 07:01:05 2023-11-08 14:48:06 2023-08-09 11:40:57 2023-05-10 15:00:23 2023-03-16 13:46:18 2022-11-08 12:29:21
calendarYear 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000
period Q4 Q3 Q2 Q1 Q4 Q3
netIncome 1M 1M 1M 552 000 564 000 503 000
depreciationAndAmortization 238 000 225 000 219 000 243 000 173 000 202 000
deferredIncomeTax -319 086 -180 000 -103 000 0 -27 000 0
stockBasedCompensation 102 000 24 000 22 000 22 000 28 000 32 000
changeInWorkingCapital 2M 2M 1M -3M 974 000 407 000
accountsReceivables 2M 1M -389 000 -2M 326 000 750 000
inventory 1M 445 000 2M 303 000 727 000 -2M
accountsPayables 697 668 58 002 375 727 -737 000 -271 000 0
otherWorkingCapital -2M 804 998 -933 727 -49 000 192 000 2M
otherNonCashItems 106 648 54 000 224 000 128 000 234 000 244 000
netCashProvidedByOperatingActivities 3M 4M 3M -2M 2M 1M
investmentsInPropertyPlantAndEquipment -295 784 -97 000 -101 000 -289 000 -143 000 -127 000
acquisitionsNet 0 0 0 0 0 0
purchasesOfInvestments 0 0 0 0 0 0
salesMaturitiesOfInvestments 0 0 0 0 0 0
otherInvestingActivites 0 0 0 0 0 0
netCashUsedForInvestingActivites -295 784 -97 000 -101 000 -289 000 -143 000 -127 000
debtRepayment 0 0 0 0 0 0
commonStockIssued 17 950 37 425 54 424 0 80 000 0
commonStockRepurchased -974 256 -1M -1M -833 000 -1M -1M
dividendsPaid 0 0 0 0 0 0
otherFinancingActivites -9511.000 -19 425 -12 424 350 000 -60 000 30 000
netCashUsedProvidedByFinancingActivities -965 817 -1M -1M -483 000 -1M -1M
effectOfForexChangesOnCash 2M -1M -382 000 0 0 0
netChangeInCash 2M 3M 2M -2M 773 000 175 000
cashAtEndOfPeriod 20M 18M 15M 14M 16M 16M
cashAtBeginningOfPeriod 18M 15M 14M 16M 16M 15M
operatingCashFlow 3M 4M 3M -2M 2M 1M
capitalExpenditure -295 784 -97 000 -101 000 -289 000 -143 000 -127 000
freeCashFlow 3M 4M 3M -2M 2M 1M
link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link

Earning call transcript

Press-releases

Show financial reports only

2024-03-13 13:00 ET
Alpha Pro Tech, Ltd. Announces Fourth Quarter and Full Year 2023 Financial Results
2023-11-27 14:00 ET
ALPHA PRO TECH, LTD. ANNOUNCES $2 MILLION EXPANSION OF SHARE REPURCHASE PROGRAM
2023-11-07 14:00 ET
Alpha Pro Tech, Ltd. Announces Third Quarter 2023 Financial Results
2023-08-08 13:00 ET
Alpha Pro Tech, Ltd. Announces Second Quarter 2023 Financial Results
2023-06-22 19:30 ET
ALPHA PRO TECH, LTD. ANNOUNCES $2 MILLION EXPANSION OF SHARE REPURCHASE PROGRAM
2023-05-09 13:00 ET
Alpha Pro Tech, Ltd. Announces First Quarter 2023 Financial Results
2023-03-16 13:00 ET
Alpha Pro Tech, Ltd. Announces Fourth Quarter and Full Year 2022 Financial Results
2022-12-15 14:00 ET
ALPHA PRO TECH, LTD. ANNOUNCES $2 MILLION EXPANSION OF SHARE REPURCHASE PROGRAM
2022-11-07 14:00 ET
Alpha Pro Tech, Ltd. Announces Third Quarter 2022 Financial Results
2022-08-04 13:00 ET
Alpha Pro Tech, Ltd. Announces Second Quarter 2022 Financial Results
2022-06-23 13:00 ET
Alpha Pro Tech, Ltd. Announces $2 Million Expansion of Share Repurchase Program
2022-05-10 13:00 ET
Alpha Pro Tech, Ltd. Announces First Quarter 2022 Financial Results
2022-03-09 14:00 ET
Alpha Pro Tech, Ltd. Announces Fourth Quarter and Year Ended December 31, 2021 Financial Results
2021-12-15 14:00 ET
Alpha Pro Tech, Ltd. Announces $2 Million Expansion of Share Repurchase Program
2021-11-04 13:00 ET
Alpha Pro Tech, Ltd. Announces Third Quarter 2021 Financial Results
2021-08-04 13:00 ET
Alpha Pro Tech, Ltd. Announces Financial Results for the Second Quarter Ended June 30, 2021
2021-05-24 13:00 ET
ALPHA PRO TECH, LTD.  ANNOUNCES 2021 ANNUAL MEETING OF SHAREHOLDERS TO BE HELD IN VIRTUAL FORMAT ONLY
2021-05-06 13:00 ET
Alpha Pro Tech, Ltd. Announces First Quarter 2021 Financial Results
2021-03-09 14:00 ET
Alpha Pro Tech, Ltd. Announces Record Financial Results for the Fourth Quarter and Year Ended December 31, 2020
2020-11-05 14:00 ET
Alpha Pro Tech, Ltd. Announces Financial Results for the Third Quarter of 2020
2020-10-23 13:00 ET
Alpha Pro Tech, Ltd. Announces Date of Release Of Financial Results For Third Quarter 2020
2020-09-22 13:00 ET
ALPHA PRO TECH, LTD. ANNOUNCES $5 MILLION EXPANSION OF SHARE REPURCHASE PROGRAM
2020-08-04 13:00 ET
Alpha Pro Tech, Ltd. Announces Financial Results for the Second Quarter Ended June 30, 2020
2020-06-25 13:00 ET
ALPHA PRO TECH, LTD. SET TO JOIN RUSSELL 3000® AND RUSSELL 2000® INDEXES
2020-05-06 13:00 ET
Alpha Pro Tech, Ltd. Announces 47.5% Sales Growth for the First Quarter Ended March 31, 2020 and Provides Update on Personal Protective Equipment Orders
2020-04-08 10:45 ET
ALPHA PRO TECH PROVIDES UPDATE ON PERSONAL PROTECTIVE EQUIPMENT (PPE) ORDERS RESULTING FROM COVID-19 PANDEMIC
2020-03-12 10:45 ET
Alpha Pro Tech Sees Continued Demand for Personal Protective Equipment Products  in Response to Coronavirus (Covid-19) Pandemic
2020-02-27 12:00 ET
ALPHA PRO TECH UPDATES STATUS OF ORDERS OF THE COMPANY’S PROPRIETARY N-95 FACE MASK IN RESPONSE TO CORONAVIRUS OUTBREAK
2020-02-26 12:50 ET
CORRECTION -- Alpha Pro Tech, Ltd. Announces Financial Results for the Fourth Quarter and Year Ended December 31, 2019
2020-02-26 11:45 ET
Alpha Pro Tech, Ltd. Announces Financial Results for the Fourth Quarter and Year Ended December 31, 2019
2020-02-13 11:45 ET
ALPHA PRO TECH ANNOUNCES OVER $10.4 MILLION IN ORDERS FOR THE COMPANY’S PROPRIETARY N-95 FACE MASK RESULTING FROM WUHAN CORONAVIRUS (Covid-19) OUTBREAK
2020-02-03 11:30 ET
ALPHA PRO TECH INCREASES N-95 FACE MASK PRODUCTION IN RESPONSE TO WUHAN CORONAVIRUS (2019-nCoV) OUTBREAK
2019-12-11 21:22 ET
ALPHA PRO TECH, LTD. ANNOUNCES ADDITIONAL $2 MILLION EXPANSION TO SHARE REPURCHASE PROGRAM
2019-11-05 21:15 ET
Alpha Pro Tech, Ltd. Announces Financial Results for the Third Quarter of 2019
2019-04-04 12:00 ET
Alpha Pro Tech, Ltd. Announces the Launch of Three New Products Expanding Building Supply Market Opportunity
2019-03-05 21:15 ET
Alpha Pro Tech, Ltd. Announces Financial Results for the Fourth Quarter and Year Ended December 31, 2018

SEC forms

Show financial reports only

SEC form 8
2024-03-13 10:21 ET
Alpha Pro Tech published news for 2023 q4
SEC form 8
2024-03-13 10:21 ET
Alpha Pro Tech reported for 2023 q4
SEC form 10
2024-03-13 07:01 ET
Alpha Pro Tech reported for 2023 q4
SEC form 10
2024-03-13 00:00 ET
Alpha Pro Tech reported for 2023 q4
SEC form 10
2023-11-08 14:48 ET
Alpha Pro Tech reported for 2023 q3
SEC form 10
2023-11-08 00:00 ET
Alpha Pro Tech reported for 2023 q3
SEC form 8
2023-11-07 14:53 ET
Alpha Pro Tech reported for 2023 q3
SEC form 10
2023-08-09 11:40 ET
Alpha Pro Tech reported for 2023 q2
SEC form 10
2023-08-09 00:00 ET
Alpha Pro Tech reported for 2023 q2
SEC form 6
2023-08-08 09:14 ET
Alpha Pro Tech reported for 2023 q2
SEC form 8
2023-08-08 00:00 ET
Alpha Pro Tech reported for 2023 q2
SEC form 6
2023-06-13 16:04 ET
Alpha Pro Tech published news for 2023 q1
SEC form 10
2023-05-10 00:00 ET
Alpha Pro Tech reported for 2023 q1
SEC form 8
2023-05-09 00:00 ET
Alpha Pro Tech reported for 2023 q1
SEC form 6
2023-04-28 09:01 ET
Alpha Pro Tech published news for 2023 q1
SEC form 8
2023-03-16 00:00 ET
Alpha Pro Tech reported for 2022 q4
SEC form 10
2023-03-16 00:00 ET
Alpha Pro Tech reported for 2022 q4
SEC form 10
2022-11-08 00:00 ET
Alpha Pro Tech reported for 2022 q3
SEC form 8
2022-11-07 00:00 ET
Alpha Pro Tech reported for 2022 q3
SEC form 10
2022-08-05 00:00 ET
Alpha Pro Tech reported for 2022 q2
SEC form 8
2022-08-04 00:00 ET
Alpha Pro Tech reported for 2022 q2
SEC form 8
2022-05-10 00:00 ET
Alpha Pro Tech reported for 2022 q1
SEC form 10
2022-05-10 00:00 ET
Alpha Pro Tech reported for 2022 q1
SEC form 10
2022-03-11 00:00 ET
Alpha Pro Tech published news for 2021 q4
SEC form 8
2022-03-09 00:00 ET
Alpha Pro Tech published news for 2021 q4
SEC form 10
2021-11-05 00:00 ET
Alpha Pro Tech published news for 2021 q3
SEC form 8
2021-11-04 00:00 ET
Alpha Pro Tech published news for 2021 q3
SEC form 10
2021-08-05 00:00 ET
Alpha Pro Tech published news for 2021 q2
SEC form 10
2021-05-07 00:00 ET
Alpha Pro Tech published news for 2021 q1