AppHarvest (APPH) and Its Competitors Financial Contrast

AppHarvest (NASDAQ:APPHGet Rating) is one of 32 publicly-traded companies in the “Agricultural production – crops” industry, but how does it compare to its peers? We will compare AppHarvest to related companies based on the strength of its valuation, institutional ownership, risk, dividends, analyst recommendations, earnings and profitability.

Profitability

This table compares AppHarvest and its peers’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
AppHarvest -1,256.15% -30.67% -21.16%
AppHarvest Competitors -180.98% -13.81% -9.50%

Institutional and Insider Ownership

33.3% of AppHarvest shares are held by institutional investors. Comparatively, 26.9% of shares of all “Agricultural production – crops” companies are held by institutional investors. 20.0% of AppHarvest shares are held by company insiders. Comparatively, 20.6% of shares of all “Agricultural production – crops” companies are held by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock is poised for long-term growth.

Analyst Ratings

This is a breakdown of recent ratings and target prices for AppHarvest and its peers, as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
AppHarvest 0 0 1 0 3.00
AppHarvest Competitors 38 127 423 23 2.71

AppHarvest currently has a consensus target price of $5.75, suggesting a potential upside of 184.65%. As a group, “Agricultural production – crops” companies have a potential upside of 94.36%. Given AppHarvest’s stronger consensus rating and higher possible upside, equities research analysts plainly believe AppHarvest is more favorable than its peers.

Volatility and Risk

AppHarvest has a beta of 0.52, suggesting that its share price is 48% less volatile than the S&P 500. Comparatively, AppHarvest’s peers have a beta of -28.78, suggesting that their average share price is 2,978% less volatile than the S&P 500.

Earnings & Valuation

This table compares AppHarvest and its peers gross revenue, earnings per share and valuation.

Gross Revenue Net Income Price/Earnings Ratio
AppHarvest $9.05 million -$166.19 million -1.24
AppHarvest Competitors $1.63 billion $92.76 million 1.29

AppHarvest’s peers have higher revenue and earnings than AppHarvest. AppHarvest is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.

Summary

AppHarvest peers beat AppHarvest on 8 of the 13 factors compared.

About AppHarvest

(Get Rating)

AppHarvest, Inc., an applied agricultural technology company, develops and operates indoor farms to grow non-GMO produce free of chemical pesticide residues. Its products include tomatoes; and other fruits and vegetables, such as berries, peppers, cucumbers, and salad greens. The company was incorporated in 2018 and is based in Morehead, Kentucky.

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