AEP Industries was founded in 1970 and is headquartered in Montvale, US

AEP Industries has an office in Montvale

Montvale, US (HQ)

95 Chestnut Ridge Rd

AEP Industries's revenue was reported to be $1.1 b in FY, 2016

USD

## Revenue (FY, 2016) | 1.1 b |

## Revenue growth (FY, 2015 - FY, 2016), % | (4%) |

## Gross profit (FY, 2016) | 190.3 m |

## Gross profit margin (FY, 2016), % | 17% |

## Net income (FY, 2016) | 28.8 m |

## EBIT (FY, 2016) | 66.5 m |

## Market capitalization (20-Jan-2017) | 560.7 m |

## Closing share price (20-Jan-2017) | 110 |

## Cash (31-Oct-2016) | 3.7 m |

## EV | 690.2 m |

AEP Industries's current market capitalization is $560.7 m.

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Revenue | 36.7 m | 43.7 m | 1.1 b | 1.1 b |

## Revenue growth, % | 19% | 2510% | (4%) | |

## Cost of goods sold | 989.4 m | 1.1 b | 959.7 m | 905.5 m |

## Gross profit | (952.7 m) | (1 b) | 181.7 m | 190.3 m |

## Gross profit Margin, % | (2598%) | (2349%) | 16% | 17% |

## General and administrative expense | 37.6 m | |||

## Operating expense total | 121.1 m | 113.9 m | 120.3 m | 123.8 m |

## EBIT | 33.3 m | 9.9 m | 62.7 m | 66.5 m |

## EBIT margin, % | 91% | 23% | 5% | 6% |

## Interest expense | 18.7 m | 19.6 m | 18.8 m | 19.9 m |

## Pre tax profit | 16 m | 44.2 m | 46.5 m | |

## Income tax expense | (5.2 m) | (15.4 m) | (17.7 m) | |

## Net Income | 10.7 m | (5.5 m) | 28.8 m | 28.8 m |

USD | Q1, 2014^{} | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} |
---|---|---|---|---|---|---|---|---|---|

## Revenue | 272.5 m | 294.9 m | 308.8 m | 275.4 m | 285.7 m | 302 m | 253.6 m | 273.2 m | 283.7 m |

## Cost of goods sold | 247.9 m | 265 m | 275.6 m | 242.9 m | 235.9 m | 253.8 m | 209.8 m | 219.1 m | 237.5 m |

## Gross profit | 24.6 m | 30 m | 33.2 m | 32.6 m | 49.8 m | 48.2 m | 43.7 m | 54.1 m | 46.2 m |

## Gross profit Margin, % | 9% | 10% | 11% | 12% | 17% | 16% | 17% | 20% | 16% |

## General and administrative expense | 5.6 m | 6.5 m | 6 m | 6.8 m | 7.8 m | 8.3 m | 7 m | 7 m | 9.6 m |

## Operating expense total | 5.6 m | 6.5 m | 6 m | 6.8 m | 7.8 m | 8.3 m | 7 m | 7 m | 9.6 m |

## EBIT | (1.7 m) | 1.9 m | 6.5 m | 5.6 m | 20.8 m | 15.8 m | 16.8 m | 26.1 m | 13.8 m |

## EBIT margin, % | (1%) | 1% | 2% | 2% | 7% | 5% | 7% | 10% | 5% |

## Interest expense | (4.8 m) | (4.9 m) | (4.9 m) | (4.9 m) | (4.7 m) | (4.6 m) | (4.5 m) | (4.6 m) | (4.5 m) |

## Pre tax profit | 1.6 m | 657 k | 16.2 m | 11.4 m | 12.1 m | 21.2 m | 9.5 m | ||

## Income tax expense | (366 k) | (181 k) | (5.1 m) | (4.8 m) | (4.2 m) | (7.4 m) | (3.2 m) | ||

## Net Income | (3.7 m) | (6.5 m) | (5.2 m) | 476 k | 11.6 m | 18.2 m | 7.9 m | 21.7 m | 27.9 m |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Cash | 13.3 m | 867 k | 20.2 m | 3.7 m |

## Inventories | 92.7 m | |||

## Current Assets | 234.7 m | 216.2 m | 233.3 m | 201.9 m |

## Goodwill | 6.9 m | 6.9 m | 6.9 m | 6.9 m |

## Total Assets | 471.6 m | 446.9 m | 440.2 m | 392.6 m |

## Accounts Payable | 80.6 m | 81.9 m | 68.7 m | 62.9 m |

## Total Debt | 133.1 m | |||

## Current Liabilities | 116.1 m | 113 m | 111.6 m | 114.9 m |

## Total Liabilities | 279.3 m | |||

## Additional Paid-in Capital | 112.5 m | 113 m | 115 m | 115.5 m |

## Retained Earnings | 142.1 m | 136.6 m | 165.4 m | 189.1 m |

## Total Equity | 85.4 m | 59.7 m | 89.6 m | 113.3 m |

## Debt to Equity Ratio | 1.2 x | |||

## Debt to Assets Ratio | 0.3 x | |||

## Financial Leverage | 5.5 x | 7.5 x | 4.9 x | 3.5 x |

USD | Q1, 2014^{} | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} |
---|---|---|---|---|---|---|---|---|---|

## Cash | 1.4 m | 4.1 m | 1.6 m | 557 k | 2.1 m | 9.5 m | 11.7 m | 34.7 m | 63.4 m |

## Inventories | 106.3 m | 103.7 m | 95.4 m | 91.9 m | 91.1 m | 84.1 m | 106 m | 112.2 m | 97.8 m |

## Current Assets | 228.4 m | 237 m | 233.1 m | 208 m | 208.2 m | 206.9 m | 219.4 m | 257.3 m | 271.8 m |

## Goodwill | 6.9 m | 6.9 m | 6.9 m | 6.9 m | 6.9 m | 6.9 m | 6.9 m | 6.9 m | 6.9 m |

## Total Assets | 467.1 m | 472.7 m | 468.4 m | 431.9 m | 427.7 m | 422.1 m | 422.7 m | 458.3 m | 469.4 m |

## Accounts Payable | 89.9 m | 79.8 m | 82.3 m | 76.9 m | 82.9 m | 69.2 m | 50.8 m | 75.2 m | 66.5 m |

## Current Liabilities | 122.5 m | 106.4 m | 117.1 m | 107.2 m | 110.6 m | 109.1 m | 91.6 m | 114.5 m | 121 m |

## Additional Paid-in Capital | 112.7 m | 112.8 m | 112.9 m | 113.1 m | 114.8 m | 114.9 m | 115.2 m | 115.3 m | 115.4 m |

## Retained Earnings | 138.3 m | 135.6 m | 136.8 m | 137 m | 148.2 m | 154.7 m | 172 m | 184.5 m | 189.5 m |

## Total Equity | 80.6 m | 58.4 m | 59.8 m | 59.5 m | 72.7 m | 78.8 m | 96.1 m | 109.5 m | 114.3 m |

## Financial Leverage | 5.8 x | 8.1 x | 7.8 x | 7.3 x | 5.9 x | 5.4 x | 4.4 x | 4.2 x | 4.1 x |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Net Income | 10.7 m | (5.5 m) | 28.8 m | 28.8 m |

## Depreciation and Amortization | 28.6 m | 31.5 m | 31.6 m | 29.5 m |

## Accounts Receivable | (3.3 m) | (9.4 m) | 10.4 m | 4.9 m |

## Accounts Payable | 2.1 m | 1.5 m | (13.6 m) | (5.4 m) |

## Cash From Operating Activities | 34.1 m | 23.6 m | 70.5 m | 84.4 m |

## Capital Expenditures | (46.7 m) | (26.5 m) | (12.2 m) | (15.9 m) |

## Cash From Investing Activities | (46.2 m) | (26.4 m) | (8.5 m) | (15.9 m) |

## Dividends Paid | (3.8 m) | |||

## Cash From Financing Activities | (8.8 m) | (42.2 m) | (84.8 m) | |

## Free Cash Flow | 80.8 m | 50.2 m | 82.7 m | 68.5 m |

USD | Q1, 2014^{} | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} |
---|---|---|---|---|---|---|---|---|---|

## Net Income | (3.7 m) | (6.5 m) | (5.2 m) | 476 k | 11.6 m | 18.2 m | 7.9 m | 21.7 m | 27.9 m |

## Depreciation and Amortization | 7.8 m | 15.9 m | 24 m | 9 m | 16.7 m | 24.1 m | 7.4 m | 14.7 m | 22.1 m |

## Accounts Receivable | 6.4 m | (3.1 m) | (8 m) | 15.8 m | 7.7 m | 8.2 m | 11 m | 2.4 m | 940 k |

## Inventories | (11.3 m) | (13.3 m) | (3.1 m) | ||||||

## Accounts Payable | 9.4 m | (634 k) | 1.8 m | (4.7 m) | 1.2 m | (12.4 m) | 5.6 m | ||

## Cash From Operating Activities | 3.7 m | (13.3 m) | 11.2 m | 14.8 m | 36 m | 60.8 m | (1.3 m) | 27.5 m | 64.3 m |

## Capital Expenditures | (9.3 m) | (14.8 m) | (21.4 m) | (3 m) | (6.4 m) | (10 m) | (4.1 m) | (8.3 m) | (13.5 m) |

## Cash From Investing Activities | (9.3 m) | (14.7 m) | (21.1 m) | (3 m) | (6.4 m) | (10 m) | (4.1 m) | (8.3 m) | (13.5 m) |

## Dividends Paid | (1.3 m) | (2.6 m) | |||||||

## Cash From Financing Activities | (5.6 m) | 19.3 m | (1.3 m) | (11.8 m) | (28.2 m) | (41.7 m) | (2.9 m) | (4.9 m) | (7.6 m) |

## Interest Paid | 412 k | 9.2 m | 9.8 m | 496 k | 9.2 m | 9.5 m | 128 k | 8.5 m | 8.6 m |

## Income Taxes Paid | 453 k | 1.2 m | 1.7 m | 325 k | 417 k | 624 k | 3.3 m | 8 m | 8.2 m |

## Free Cash Flow | (5.6 m) | (28.1 m) | (10.2 m) | 11.8 m | 29.6 m | 50.7 m | (5.4 m) | 19.2 m | 50.9 m |

USD | Y, 2016 |
---|---|

## EV/EBIT | 10.4 x |

## EV/CFO | 8.2 x |

## EV/FCF | 10.1 x |

## Revenue/Employee | 421.5 k |

## Debt/Equity | 1.2 x |

## Debt/Assets | 0.3 x |

## Financial Leverage | 3.5 x |