API GROUP CORP (APG) Stock Fundamental Analysis
NYSE:APG - New York Stock Exchange, Inc. - US00187Y1001 - Common Stock - Currency: USD
Taking everything into account, APG scores 4 out of 10 in our fundamental rating. APG was compared to 49 industry peers in the Construction & Engineering industry. APG has a medium profitability rating, but doesn't score so well on its financial health evaluation. APG has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
APG had positive earnings in the past year.
In the past year APG had a positive cash flow from operations.
In the past 5 years APG reported 4 times negative net income.
In the past 5 years APG always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of -5.48%, APG is doing worse than 82.61% of the companies in the same industry.
APG has a Return On Equity of -15.23%. This is in the lower half of the industry: APG underperforms 78.26% of its industry peers.
APG's Return On Invested Capital of 5.33% is in line compared to the rest of the industry. APG outperforms 52.17% of its industry peers.
APG had an Average Return On Invested Capital over the past 3 years of 3.31%. This is significantly below the industry average of 11.92%.
The 3 year average ROIC (3.31%) for APG is below the current ROIC(5.33%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -5.48% | ||
| ROE | -15.23% | ||
| ROIC | 5.33% |
ROA(3y)-1.47%
ROA(5y)-3.06%
ROE(3y)-3.51%
ROE(5y)-7.68%
ROIC(3y)3.31%
ROIC(5y)N/A
1.3 Margins
APG has a better Operating Margin (6.90%) than 65.22% of its industry peers.
APG's Operating Margin has improved in the last couple of years.
With an excellent Gross Margin value of 30.52%, APG belongs to the best of the industry, outperforming 82.61% of the companies in the same industry.
In the last couple of years the Gross Margin of APG has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 6.9% | ||
| PM (TTM) | N/A | ||
| GM | 30.52% |
OM growth 3Y89.74%
OM growth 5Y6.32%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y9.93%
GM growth 5Y5.81%
2. Health
2.1 Basic Checks
APG has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
APG has more shares outstanding than it did 1 year ago.
APG has more shares outstanding than it did 5 years ago.
APG has a better debt/assets ratio than last year.
2.2 Solvency
APG has an Altman-Z score of 2.48. This is not the best score and indicates that APG is in the grey zone with still only limited risk for bankruptcy at the moment.
APG's Altman-Z score of 2.48 is in line compared to the rest of the industry. APG outperforms 47.83% of its industry peers.
APG has a debt to FCF ratio of 5.74. This is a neutral value as APG would need 5.74 years to pay back of all of its debts.
APG has a Debt to FCF ratio (5.74) which is comparable to the rest of the industry.
A Debt/Equity ratio of 1.02 is on the high side and indicates that APG has dependencies on debt financing.
APG's Debt to Equity ratio of 1.02 is on the low side compared to the rest of the industry. APG is outperformed by 69.57% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.02 | ||
| Debt/FCF | 5.74 | ||
| Altman-Z | 2.48 |
ROIC/WACC0.55
WACC9.75%
2.3 Liquidity
A Current Ratio of 1.51 indicates that APG should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.51, APG is in line with its industry, outperforming 58.70% of the companies in the same industry.
A Quick Ratio of 1.42 indicates that APG should not have too much problems paying its short term obligations.
APG's Quick ratio of 1.42 is in line compared to the rest of the industry. APG outperforms 58.70% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.51 | ||
| Quick Ratio | 1.42 |
3. Growth
3.1 Past
APG shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 18.67%, which is quite good.
Measured over the past years, APG shows a quite strong growth in Earnings Per Share. The EPS has been growing by 10.22% on average per year.
Looking at the last year, APG shows a small growth in Revenue. The Revenue has grown by 0.64% in the last year.
The Revenue has been growing by 13.19% on average over the past years. This is quite good.
EPS 1Y (TTM)18.67%
EPS 3Y10.22%
EPS 5YN/A
EPS Q2Q%6.25%
Revenue 1Y (TTM)0.64%
Revenue growth 3Y24.54%
Revenue growth 5Y13.19%
Sales Q2Q%2.35%
3.2 Future
The Earnings Per Share is expected to grow by 14.84% on average over the next years. This is quite good.
Based on estimates for the next years, APG will show a small growth in Revenue. The Revenue will grow by 3.92% on average per year.
EPS Next Y17.41%
EPS Next 2Y15.66%
EPS Next 3Y14.84%
EPS Next 5YN/A
Revenue Next Year0.91%
Revenue Next 2Y3.57%
Revenue Next 3Y3.92%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 22.35 indicates a rather expensive valuation of APG.
Based on the Price/Earnings ratio, APG is valued a bit cheaper than 65.22% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 29.63, APG is valued a bit cheaper.
Based on the Price/Forward Earnings ratio of 18.82, the valuation of APG can be described as rather expensive.
APG's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. APG is cheaper than 65.22% of the companies in the same industry.
APG is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 22.68, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.35 | ||
| Fwd PE | 18.82 |
4.2 Price Multiples
APG's Enterprise Value to EBITDA is on the same level as the industry average.
APG's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. APG is cheaper than 60.87% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 20.21 | ||
| EV/EBITDA | 18.04 |
4.3 Compensation for Growth
APG's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
A more expensive valuation may be justified as APG's earnings are expected to grow with 14.84% in the coming years.
PEG (NY)1.28
PEG (5Y)N/A
EPS Next 2Y15.66%
EPS Next 3Y14.84%
5. Dividend
5.1 Amount
No dividends for APG!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
39.79
-1.09 (-2.67%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryConstruction & Engineering
Earnings (Last)
Earnings (Next)
Inst Owners78.99%
Inst Owner Change1.61%
Ins Owners2.17%
Ins Owner Change-0.16%
Market Cap11.03B
Analysts84.29
Price Target44.88 (12.79%)
Short Float %1.43%
Short Ratio2.87
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)1.05%
Min EPS beat(2)-0.69%
Max EPS beat(2)2.79%
EPS beat(4)3
Avg EPS beat(4)1.42%
Min EPS beat(4)-0.69%
Max EPS beat(4)2.79%
EPS beat(8)7
Avg EPS beat(8)2.48%
EPS beat(12)11
Avg EPS beat(12)4.24%
EPS beat(16)13
Avg EPS beat(16)2.82%
Revenue beat(2)0
Avg Revenue beat(2)-3.85%
Min Revenue beat(2)-4.31%
Max Revenue beat(2)-3.39%
Revenue beat(4)0
Avg Revenue beat(4)-2.44%
Min Revenue beat(4)-4.31%
Max Revenue beat(4)-0.81%
Revenue beat(8)2
Avg Revenue beat(8)-1.18%
Revenue beat(12)5
Avg Revenue beat(12)0.77%
Revenue beat(16)7
Avg Revenue beat(16)0.81%
PT rev (1m)-0.25%
PT rev (3m)1.02%
EPS NQ rev (1m)-2.64%
EPS NQ rev (3m)-3.27%
EPS NY rev (1m)-0.3%
EPS NY rev (3m)-0.91%
Revenue NQ rev (1m)-0.43%
Revenue NQ rev (3m)-0.32%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.14%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.35 | ||
| Fwd PE | 18.82 | ||
| P/S | 1.6 | ||
| P/FCF | 20.21 | ||
| P/OCF | 17.4 | ||
| P/B | 3.72 | ||
| P/tB | N/A | ||
| EV/EBITDA | 18.04 |
EPS(TTM)1.78
EY4.47%
EPS(NY)2.11
Fwd EY5.31%
FCF(TTM)1.97
FCFY4.95%
OCF(TTM)2.29
OCFY5.75%
SpS24.94
BVpS10.7
TBVpS-6.12
PEG (NY)1.28
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -5.48% | ||
| ROE | -15.23% | ||
| ROCE | 7.38% | ||
| ROIC | 5.33% | ||
| ROICexc | 5.76% | ||
| ROICexgc | 26.22% | ||
| OM | 6.9% | ||
| PM (TTM) | N/A | ||
| GM | 30.52% | ||
| FCFM | 7.89% |
ROA(3y)-1.47%
ROA(5y)-3.06%
ROE(3y)-3.51%
ROE(5y)-7.68%
ROIC(3y)3.31%
ROIC(5y)N/A
ROICexc(3y)3.85%
ROICexc(5y)N/A
ROICexgc(3y)14.77%
ROICexgc(5y)N/A
ROCE(3y)4.58%
ROCE(5y)N/A
ROICexcg growth 3Y93.1%
ROICexcg growth 5Y-0.69%
ROICexc growth 3Y88.88%
ROICexc growth 5Y-14.01%
OM growth 3Y89.74%
OM growth 5Y6.32%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y9.93%
GM growth 5Y5.81%
F-Score5
Asset Turnover0.84
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.02 | ||
| Debt/FCF | 5.74 | ||
| Debt/EBITDA | 3.92 | ||
| Cap/Depr | 29.53% | ||
| Cap/Sales | 1.27% | ||
| Interest Coverage | 3.29 | ||
| Cash Conversion | 81.81% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.51 | ||
| Quick Ratio | 1.42 | ||
| Altman-Z | 2.48 |
F-Score5
WACC9.75%
ROIC/WACC0.55
Cap/Depr(3y)27.2%
Cap/Depr(5y)27.92%
Cap/Sales(3y)1.28%
Cap/Sales(5y)1.29%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)18.67%
EPS 3Y10.22%
EPS 5YN/A
EPS Q2Q%6.25%
EPS Next Y17.41%
EPS Next 2Y15.66%
EPS Next 3Y14.84%
EPS Next 5YN/A
Revenue 1Y (TTM)0.64%
Revenue growth 3Y24.54%
Revenue growth 5Y13.19%
Sales Q2Q%2.35%
Revenue Next Year0.91%
Revenue Next 2Y3.57%
Revenue Next 3Y3.92%
Revenue Next 5YN/A
EBIT growth 1Y31.77%
EBIT growth 3Y136.29%
EBIT growth 5Y20.35%
EBIT Next Year57.33%
EBIT Next 3Y24.52%
EBIT Next 5YN/A
FCF growth 1Y340.32%
FCF growth 3Y-2.23%
FCF growth 5Y62.31%
OCF growth 1Y223.47%
OCF growth 3Y1.2%
OCF growth 5Y35.63%