Api Group Corp

Consumer Discretionary
Engineering & Construction
www.apigroupinc.com

Earnings Score
Moat Score
Safety Score

Market Cap $10.40B
PE -23
Debt $2.88B
Cash $489.00M
EV $12.80B
FCF $546.00M

Earnings

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Sales & Net Margins

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Earnings	-$452.00M
EBIT	$443.00M
ROE	-15%
ROA	5%
FCF	$546.00M
Equity	$2.97B
Growth Stability	1
PE	-23.02
PEG	-33.8
PB	3.51
P/FCF	19.06
P/S	1.5
Price/Cash	0.05
Debt/Equity	0.97
Debt/FCF	5.28
Net Margins	-4%
Gross Margins	31%
Op. Margins	6%
Earnings CAGR	0%
Sales Growth YoY	2%
Sales Growth QoQ	6%
Sales CAGR	60%
FCF CAGR	13%
Equity CAGR	25%
Earnings Stability	-0.56
Earnings Growth YoY	25%
Earnings Growth QoQ	0%

Earnings CAGR 5Y	1%
Sales CAGR 5Y	61%
FCF CAGR 5Y	14%
Equity CAGR 5Y	11%
Earnings CAGR 3Y	19%
Sales CAGR 3Y	19%
FCF CAGR 3Y	113%
Equity CAGR 3Y	7%
Market Cap	$10.40B
Revenue	$6.92B
Assets	$8.25B
Total Debt	$2.88B
Cash	$489.00M
Shares Outstanding	265.31M
EV	12.8B
Earnings Score	6%
Moat Score	29%
Safety Score	83%
Final Score	39%
Working Capital	910M
Current Ratio	1.51
Gross Profit	$2.11B
Shares Growth 3y	6%
Equity Growth QoQ	5%
Equity Growth YoY	33%

Assets & ROA

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Stockholders Equity & ROE

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APi Group Corp operates in three areas including Industrial Services, Safety Services, and Specialty Services. Its Industrial Services segment provides variety of services to the energy industry focused on transmission and distribution. This segment's services include oil and gas pipeline infrastructure, access and road construction, supporting facilities, and performing ongoing integrity management and maintenance. The Safety Services provides safety services in North America and Europe, focusing on end-to-end integrated occupancy systems (fire protection solutions, HVAC and entry systems), including design, installation, inspection and service of these integrated systems. The Specialty Services provides a variety of infrastructure services and specialized industrial plant services.

SEC Filings

Direct access to Api Group Corp (APG) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Api Group Corp compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Api Group Corp compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 0%

Stability -56%

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Api Group Corp Discounted Cash Flow

Fully customizable DCF calculator online for Api Group Corp.

Years

Calculation mode

= $14B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$546M	$619M	$701M	$795M	$901M	$1B	$1.2B	$1.3B	$1.5B	$1.7B	$1.9B	$19B
DCF		$563M	$580M	$597M	$615M	$634M	$653M	$673M	$693M	$714M	$736M	$7.4B
Value	$14B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	4%	-16%	-10%	-3%	0%	-2%	-4%
ROA	-	-3%	-3%	3%	2%	5%	5%
ROE	-	-9%	-24%	-6%	1%	-8%	-15%

Bad Net Margins (-3.8%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	8.87	3.19	14.11	15.91	5.52	5.28
Debt over Equity	-	0.7	0.94	0.77	1.43	1.14	0.97
Growth Stability	-	-	-	-	-	-	1

Bad Debt/FCF ratio (5.28)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Good Debt/Equity ratio (0.97)

The company is not overleveraged and has a good balance between equity and debt.

Good Graham’s Stability (1)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	-74%	264%	10%	66%	6%	61%
Earnings YoY growth	-	-213%	145%	-63%	-117%	-800%	1%
Equity YoY growth	-	178%	-11%	49%	-8%	-3%	11%
FCF YoY growth	-	266%	229%	-72%	50%	124%	14%