24.36 USD
0 (0%)
24.34 USD
-0.02 (-0.08%)
We assign a fundamental rating of 6 out of 10 to APA. APA was compared to 210 industry peers in the Oil, Gas & Consumable Fuels industry. While APA has a great profitability rating, there are some minor concerns on its financial health. APA scores decently on growth, while it is valued quite cheap. This could make an interesting combination. Finally APA also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
APA had positive earnings in the past year.
APA had a positive operating cash flow in the past year.
APA had positive earnings in 4 of the past 5 years.
Each year in the past 5 years APA had a positive operating cash flow.
1.2 Ratios
APA has a Return On Assets of 8.53%. This is amongst the best in the industry. APA outperforms 86.19% of its industry peers.
With an excellent Return On Equity value of 25.30%, APA belongs to the best of the industry, outperforming 91.43% of the companies in the same industry.
APA has a better Return On Invested Capital (14.25%) than 92.38% of its industry peers.
APA had an Average Return On Invested Capital over the past 3 years of 23.28%. This is above the industry average of 21.09%.
The last Return On Invested Capital (14.25%) for APA is well below the 3 year average (23.28%), which needs to be investigated, but indicates that APA had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.53% | ||
| ROE | 25.3% | ||
| ROIC | 14.25% |
ROA(3y)16.94%
ROA(5y)4%
ROE(3y)330.44%
ROE(5y)N/A
ROIC(3y)23.28%
ROIC(5y)17.78%
1.3 Margins
APA's Profit Margin of 15.65% is fine compared to the rest of the industry. APA outperforms 67.14% of its industry peers.
In the last couple of years the Profit Margin of APA has declined.
APA has a Operating Margin of 30.75%. This is in the better half of the industry: APA outperforms 75.71% of its industry peers.
APA's Operating Margin has improved in the last couple of years.
The Gross Margin of APA (69.21%) is better than 78.10% of its industry peers.
In the last couple of years the Gross Margin of APA has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 30.75% | ||
| PM (TTM) | 15.65% | ||
| GM | 69.21% |
OM growth 3Y-0.88%
OM growth 5Y16.38%
PM growth 3Y-12.17%
PM growth 5YN/A
GM growth 3Y3.59%
GM growth 5Y-0.98%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), APA is creating value.
APA has more shares outstanding than it did 1 year ago.
APA has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, APA has an improved debt to assets ratio.
2.2 Solvency
APA has an Altman-Z score of 1.42. This is a bad value and indicates that APA is not financially healthy and even has some risk of bankruptcy.
APA has a Altman-Z score (1.42) which is in line with its industry peers.
APA has a debt to FCF ratio of 0.94. This is a very positive value and a sign of high solvency as it would only need 0.94 years to pay back of all of its debts.
APA has a better Debt to FCF ratio (0.94) than 88.57% of its industry peers.
A Debt/Equity ratio of 0.72 indicates that APA is somewhat dependend on debt financing.
APA has a Debt to Equity ratio of 0.72. This is in the lower half of the industry: APA underperforms 63.33% of its industry peers.
Even though the debt/equity ratio score it not favorable for APA, it has very limited outstanding debt, so we won't put too much weight on the DE evaluation.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.72 | ||
| Debt/FCF | 0.94 | ||
| Altman-Z | 1.42 |
ROIC/WACC1.74
WACC8.21%
2.3 Liquidity
APA has a Current Ratio of 0.78. This is a bad value and indicates that APA is not financially healthy enough and could expect problems in meeting its short term obligations.
The Current ratio of APA (0.78) is worse than 68.57% of its industry peers.
A Quick Ratio of 0.63 indicates that APA may have some problems paying its short term obligations.
With a Quick ratio value of 0.63, APA is not doing good in the industry: 68.57% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.78 | ||
| Quick Ratio | 0.63 |
3. Growth
3.1 Past
The earnings per share for APA have decreased strongly by -10.98% in the last year.
Measured over the past years, APA shows a very strong growth in Earnings Per Share. The EPS has been growing by 245758.95% on average per year.
The Revenue has been growing slightly by 4.88% in the past year.
The Revenue has been growing by 8.45% on average over the past years. This is quite good.
EPS 1Y (TTM)-10.98%
EPS 3Y-1.22%
EPS 5Y245758.95%
EPS Q2Q%-7%
Revenue 1Y (TTM)4.88%
Revenue growth 3Y6.84%
Revenue growth 5Y8.45%
Sales Q2Q%2.77%
3.2 Future
Based on estimates for the next years, APA will show a quite strong growth in Earnings Per Share. The EPS will grow by 10.32% on average per year.
APA is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 0.39% yearly.
EPS Next Y-3.51%
EPS Next 2Y-11.99%
EPS Next 3Y-4.4%
EPS Next 5Y10.32%
Revenue Next Year2.72%
Revenue Next 2Y-5.78%
Revenue Next 3Y-1.96%
Revenue Next 5Y0.39%
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
APA is valuated cheaply with a Price/Earnings ratio of 6.67.
89.52% of the companies in the same industry are more expensive than APA, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of APA to the average of the S&P500 Index (26.59), we can say APA is valued rather cheaply.
With a Price/Forward Earnings ratio of 8.41, the valuation of APA can be described as very reasonable.
82.86% of the companies in the same industry are more expensive than APA, based on the Price/Forward Earnings ratio.
APA is valuated cheaply when we compare the Price/Forward Earnings ratio to 24.03, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.67 | ||
| Fwd PE | 8.41 |
4.2 Price Multiples
APA's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. APA is cheaper than 94.76% of the companies in the same industry.
APA's Price/Free Cash Flow ratio is rather cheap when compared to the industry. APA is cheaper than 98.57% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 1.82 | ||
| EV/EBITDA | 2.36 |
4.3 Compensation for Growth
APA has an outstanding profitability rating, which may justify a higher PE ratio.
APA's earnings are expected to decrease with -4.40% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0
EPS Next 2Y-11.99%
EPS Next 3Y-4.4%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.20%, APA is a good candidate for dividend investing.
APA's Dividend Yield is a higher than the industry average which is at 3.95.
APA's Dividend Yield is rather good when compared to the S&P500 average which is at 1.88.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.2% |
5.2 History
The dividend of APA has a limited annual growth rate of 1.06%.
APA has been paying a dividend for at least 10 years, so it has a reliable track record.
APA has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)1.06%
Div Incr Years0
Div Non Decr Years3
5.3 Sustainability
APA pays out 24.12% of its income as dividend. This is a sustainable payout ratio.
APA's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP24.12%
EPS Next 2Y-11.99%
EPS Next 3Y-4.4%
24.36
0 (0%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners99.18%
Inst Owner Change0.96%
Ins Owners0.2%
Ins Owner Change0%
Market Cap8.64B
Revenue(TTM)9.64B
Net Income(TTM)1.51B
Analysts64
Price Target26 (6.73%)
Short Float %9.27%
Short Ratio4.68
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.2% |
Yearly Dividend1.06
Dividend Growth(5Y)1.06%
DP24.12%
Div Incr Years0
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)48.1%
Min EPS beat(2)16.68%
Max EPS beat(2)79.53%
EPS beat(4)3
Avg EPS beat(4)25.8%
Min EPS beat(4)-19.51%
Max EPS beat(4)79.53%
EPS beat(8)4
Avg EPS beat(8)11.4%
EPS beat(12)8
Avg EPS beat(12)12.67%
EPS beat(16)10
Avg EPS beat(16)8.65%
Revenue beat(2)2
Avg Revenue beat(2)13.62%
Min Revenue beat(2)1.54%
Max Revenue beat(2)25.7%
Revenue beat(4)2
Avg Revenue beat(4)2.21%
Min Revenue beat(4)-12.36%
Max Revenue beat(4)25.7%
Revenue beat(8)3
Avg Revenue beat(8)-3.93%
Revenue beat(12)6
Avg Revenue beat(12)-0.81%
Revenue beat(16)10
Avg Revenue beat(16)3.56%
PT rev (1m)3.11%
PT rev (3m)6.1%
EPS NQ rev (1m)-6.63%
EPS NQ rev (3m)-5.56%
EPS NY rev (1m)1.78%
EPS NY rev (3m)6.61%
Revenue NQ rev (1m)1.74%
Revenue NQ rev (3m)-5.99%
Revenue NY rev (1m)-1.08%
Revenue NY rev (3m)-1.89%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.67 | ||
| Fwd PE | 8.41 | ||
| P/S | 0.9 | ||
| P/FCF | 1.82 | ||
| P/OCF | 1.81 | ||
| P/B | 1.45 | ||
| P/tB | 1.45 | ||
| EV/EBITDA | 2.36 |
EPS(TTM)3.65
EY14.98%
EPS(NY)2.9
Fwd EY11.89%
FCF(TTM)13.4
FCFY55.02%
OCF(TTM)13.46
OCFY55.24%
SpS27.18
BVpS16.82
TBVpS16.82
PEG (NY)N/A
PEG (5Y)0
Graham Number37.16
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.53% | ||
| ROE | 25.3% | ||
| ROCE | 19.57% | ||
| ROIC | 14.25% | ||
| ROICexc | 14.71% | ||
| ROICexgc | 14.71% | ||
| OM | 30.75% | ||
| PM (TTM) | 15.65% | ||
| GM | 69.21% | ||
| FCFM | 49.31% |
ROA(3y)16.94%
ROA(5y)4%
ROE(3y)330.44%
ROE(5y)N/A
ROIC(3y)23.28%
ROIC(5y)17.78%
ROICexc(3y)23.81%
ROICexc(5y)18.21%
ROICexgc(3y)23.81%
ROICexgc(5y)18.21%
ROCE(3y)31.97%
ROCE(5y)24.42%
ROICexgc growth 3Y-6.49%
ROICexgc growth 5Y26.52%
ROICexc growth 3Y-6.49%
ROICexc growth 5Y26.52%
OM growth 3Y-0.88%
OM growth 5Y16.38%
PM growth 3Y-12.17%
PM growth 5YN/A
GM growth 3Y3.59%
GM growth 5Y-0.98%
F-Score6
Asset Turnover0.54
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.72 | ||
| Debt/FCF | 0.94 | ||
| Debt/EBITDA | 0.8 | ||
| Cap/Depr | 0.79% | ||
| Cap/Sales | 0.2% | ||
| Interest Coverage | 9.29 | ||
| Cash Conversion | 89.12% | ||
| Profit Quality | 315.04% | ||
| Current Ratio | 0.78 | ||
| Quick Ratio | 0.63 | ||
| Altman-Z | 1.42 |
F-Score6
WACC8.21%
ROIC/WACC1.74
Cap/Depr(3y)158.67%
Cap/Depr(5y)126.26%
Cap/Sales(3y)26.67%
Cap/Sales(5y)24.66%
Profit Quality(3y)61.5%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-10.98%
EPS 3Y-1.22%
EPS 5Y245758.95%
EPS Q2Q%-7%
EPS Next Y-3.51%
EPS Next 2Y-11.99%
EPS Next 3Y-4.4%
EPS Next 5Y10.32%
Revenue 1Y (TTM)4.88%
Revenue growth 3Y6.84%
Revenue growth 5Y8.45%
Sales Q2Q%2.77%
Revenue Next Year2.72%
Revenue Next 2Y-5.78%
Revenue Next 3Y-1.96%
Revenue Next 5Y0.39%
EBIT growth 1Y-9.93%
EBIT growth 3Y5.9%
EBIT growth 5Y26.21%
EBIT Next Year51.59%
EBIT Next 3Y12.77%
EBIT Next 5Y9.62%
FCF growth 1Y334.95%
FCF growth 3Y-33.24%
FCF growth 5YN/A
OCF growth 1Y35.91%
OCF growth 3Y1.17%
OCF growth 5Y4.77%
APA CORP / APA FAQ
Can you provide the ChartMill fundamental rating for APA CORP?
ChartMill assigns a fundamental rating of 6 / 10 to APA.
What is the valuation status of APA CORP (APA) stock?
ChartMill assigns a valuation rating of 8 / 10 to APA CORP (APA). This can be considered as Undervalued.
Can you provide the profitability details for APA CORP?
APA CORP (APA) has a profitability rating of 8 / 10.
Can you provide the expected EPS growth for APA stock?
The Earnings per Share (EPS) of APA CORP (APA) is expected to decline by -3.51% in the next year.
Is the dividend of APA CORP sustainable?
The dividend rating of APA CORP (APA) is 8 / 10 and the dividend payout ratio is 24.12%.