American Public Education (APEI) AI Stock Analysis

• Market Cap: $646.62M
• Dividend Yield: N/A
• Average Volume (3M): 221.49K
• Price to Earnings (P/E): 34.3
• Beta (1Y): 1.03
• Revenue Growth: 5.50%
• EPS Growth: 338.59%
• Country: US
• Employees: 2,493
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Education & Training Services
• EPS (TTM): 0.10
• Shares Outstanding: 18,067,135
• 10 Day Avg. Volume: 200,028
• 30 Day Avg. Volume: 221,492
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 0.88
• Enterprise Value/Revenue: 0.88
• Enterprise Value/Gross Profit: 1.70
• Enterprise Value/Ebitda: 9.17
• 1Y Price Target: $41.00
• Price Target Upside: 13.32% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 7

• Rating: 71 Outperform
• Price Target: $41.00 ▲(13.32% Upside)

APEI's strong earnings call performance and positive technical indicators are the most significant factors contributing to its score. The company's solid financial performance supports its stability, though high valuation metrics and the lack of a dividend yield are notable drawbacks.

Positive Factors

Enrollment Growth

Strong enrollment growth at Rasmussen and Hondros indicates robust demand for APEI's programs, supporting long-term revenue and market position.

Strategic Simplification

Strategic simplification enhances financial flexibility and focuses resources on core operations, potentially improving profitability and efficiency.

Leadership Change

The appointment of a seasoned CFO can strengthen financial management and strategic planning, positively impacting long-term financial health.

Negative Factors

Government Shutdown Impact

The government shutdown's impact on course registrations highlights APEI's vulnerability to external factors, potentially affecting revenue stability.

Net Loss to Common Shareholders

A net loss indicates financial challenges that may hinder profitability and shareholder value, necessitating improved cost management.

Graduate School Revenue Decline

Declining revenue from Graduate School reflects challenges in non-core segments, potentially impacting overall revenue diversification.

American Public Education Business Overview & Revenue Model

Company Description

American Public Education, Inc. (APEI) is a leading provider of online post-secondary education, primarily focused on serving the needs of military service members, veterans, and working adults. The company operates through its subsidiaries, including American Public University System (APUS) and Hondros College of Nursing, offering a diverse range of degree programs and courses across various disciplines, including liberal arts, business, education, and healthcare.

How the Company Makes Money

APEI generates revenue primarily through tuition and fees paid by students enrolled in its degree programs and courses. The company benefits from a significant number of military and veteran students, who often utilize federal financial aid programs such as the GI Bill. Additionally, APEI has established partnerships with various military organizations and employers, which can enhance enrollment and retention rates. The company's revenue model is also supported by an emphasis on online education, allowing for lower operational costs compared to traditional brick-and-mortar institutions, thus contributing to its profitability.

American Public Education Financial Statement Overview

Summary

American Public Education demonstrates a solid financial position with positive growth trends in revenue and cash flow. The company has improved its profitability and operational efficiency, but there is still potential to enhance net profit margins. The balance sheet is stable, with manageable leverage and a strong equity base. Continued focus on cost management and cash flow optimization will be key to sustaining financial health.

Income Statement

American Public Education shows a moderate performance in its income statement. The company has achieved a positive revenue growth rate of 1.56% in the TTM, indicating a recovery from previous declines. Gross profit margin remains strong at approximately 52%, but net profit margin is relatively low at 4.44%, suggesting room for improvement in cost management. EBIT and EBITDA margins have improved significantly, reflecting better operational efficiency.

Balance Sheet

The balance sheet of American Public Education is stable with a debt-to-equity ratio of 0.72, indicating a manageable level of leverage. Return on equity has improved to 9.73% in the TTM, showing enhanced profitability for shareholders. The equity ratio is healthy, suggesting a solid capital structure. However, the company should continue to monitor its debt levels to maintain financial stability.

Cash Flow

Cash flow analysis reveals a positive trend with an 8.32% growth in free cash flow in the TTM. The operating cash flow to net income ratio is strong at 0.81, indicating efficient cash generation relative to earnings. The free cash flow to net income ratio is also robust at 0.74, reflecting good cash conversion. Continued focus on cash flow management will be crucial for sustaining growth.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	644.55M	624.56M	600.54M	606.33M	418.80M	321.79M
Gross Profit	334.95M	328.86M	307.68M	317.86M	246.18M	199.62M
EBITDA	61.96M	52.37M	-20.49M	-101.39M	50.77M	38.59M
Net Income	28.61M	16.11M	-47.29M	-114.97M	17.75M	18.82M
Balance Sheet
Total Assets	537.37M	570.10M	557.39M	615.06M	725.61M	371.02M
Cash, Cash Equivalents and Short-Term Investments	176.58M	158.94M	116.66M	102.56M	122.63M	227.69M
Total Debt	195.67M	200.62M	204.73M	208.97M	243.71M	8.85M
Total Liabilities	265.13M	266.22M	265.41M	265.33M	310.00M	64.09M
Stockholders Equity	272.24M	303.88M	291.98M	349.73M	415.61M	306.93M
Cash Flow
Free Cash Flow	50.22M	27.79M	31.62M	12.83M	4.44M	39.88M
Operating Cash Flow	67.48M	48.87M	45.51M	29.21M	16.27M	44.81M
Investing Cash Flow	5.68M	-21.08M	-13.77M	-13.67M	-336.67M	-4.16M
Financing Cash Flow	-52.78M	-13.19M	-16.86M	-35.71M	242.34M	-15.71M

American Public Education Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 36.18
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For APEI, the sentiment is Positive. The current price of 36.18 is below the 20-day moving average (MA) of 37.53, above the 50-day MA of 34.92, and above the 200-day MA of 27.79, indicating a neutral trend. The MACD of 0.25 indicates Positive momentum. The RSI at 47.70 is Neutral, neither overbought nor oversold. The STOCH value of 19.19 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for APEI.

American Public Education Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
APEI	71 Outperform	$646.62M	34.30	10.20%	―	5.50%	338.59%
DAO	65 Neutral	$1.29B	39.82	―	―	-1.66%	―
UDMY	64 Neutral	$1.06B	―	-12.62%	―	3.93%	63.52%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
LINC	59 Neutral	$733.55M	50.44	8.27%	―	14.53%	75.66%
GOTU	51 Neutral	$772.13M	―	-32.95%	―	56.38%	-16.84%
CHGG	49 Neutral	$148.41M	―	-103.91%	―	-25.87%	57.21%

American Public Education Corporate Events

American Public Education Appoints New CFO Edward Codispoti

On October 20, 2025, American Public Education, Inc. announced the appointment of Edward H. Codispoti as the new Executive Vice President and Chief Financial Officer, succeeding Richard Sunderland, Jr. Mr. Codispoti brings over 25 years of financial leadership experience, most recently serving as CFO of NV5 Global, Inc. His appointment is expected to enhance APEI’s financial strategy and support its growth initiatives, as the company continues to focus on empowering students and advancing its educational mission.

The most recent analyst rating on (APEI) stock is a Buy with a $38.00 price target. To see the full list of analyst forecasts on American Public Education stock, see the APEI Stock Forecast page.

APEI Reports Strong Q2 2025 Earnings Performance

American Public Education, Inc. (APEI) delivered a strong earnings report for the second quarter of 2025, with several key achievements in financial performance and strategic alignment. The company exceeded financial guidance and achieved significant enrollment growth, particularly in its Rasmussen and Hondros divisions. Additionally, APEI made notable improvements to its balance sheet and increased its adjusted EBITDA guidance for the year. However, the company did report a net loss, albeit reduced from the previous year, and faced increased costs and expenses. Despite these challenges, the highlights of the call, particularly the strategic achievements and financial outperformance, significantly outweighed the lowlights.

American Public Education Reports Strong Q2 2025 Results

American Public Education, Inc. (APEI) is a diversified education company that provides online and campus-based postsecondary education through its subsidiaries, including American Public University System, Rasmussen University, and Hondros College of Nursing, serving over 105,000 students.