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Market Cap

AU$10.7b

Last Updated

2021/09/16 15:27 UTC

Data Sources

Company Financials +

Share Price & News

How has APA Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: APA is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: APA's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

0.4%

APA

-1.0%

AU Gas Utilities

0.9%

AU Market


1 Year Return

-11.6%

APA

25.3%

AU Gas Utilities

27.3%

AU Market

Return vs Industry: APA underperformed the Australian Gas Utilities industry which returned 25.3% over the past year.

Return vs Market: APA underperformed the Australian Market which returned 27.3% over the past year.


Shareholder returns

APAIndustryMarket
7 Day0.4%-1.0%0.9%
30 Day-8.0%1.3%-1.1%
90 Day-3.4%2.3%1.0%
1 Year-6.7%-11.6%30.4%25.3%32.7%27.3%
3 Year7.5%-7.0%15.4%3.3%37.0%20.2%
5 Year36.3%4.5%44.0%19.7%66.9%34.1%

Long-Term Price Volatility Vs. Market

How volatile is APA Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is APA Group undervalued compared to its fair value and its price relative to the market?

49.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: APA (A$9.11) is trading below our estimate of fair value (A$17.97)

Significantly Below Fair Value: APA is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: APA is poor value based on its PE Ratio (2919.9x) compared to the Global Gas Utilities industry average (16.3x).

PE vs Market: APA is poor value based on its PE Ratio (2919.9x) compared to the Australian market (18.7x).


Price to Earnings Growth Ratio

PEG Ratio: APA is poor value based on its PEG Ratio (105.6x)


Price to Book Ratio

PB vs Industry: APA is overvalued based on its PB Ratio (3.6x) compared to the XX Gas Utilities industry average (1.5x).


Future Growth

How is APA Group forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

27.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: APA's forecast earnings growth (27.6% per year) is above the savings rate (1.9%).

Earnings vs Market: APA's earnings (27.6% per year) are forecast to grow faster than the Australian market (11.2% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: APA's revenue (3.3% per year) is forecast to grow slower than the Australian market (5.1% per year).

High Growth Revenue: APA's revenue (3.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: APA's Return on Equity is forecast to be low in 3 years time (19.3%).


Past Performance

How has APA Group performed over the past 5 years?

-5.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: APA has a large one-off loss of A$397.3M impacting its June 30 2021 financial results.

Growing Profit Margin: APA's current net profit margins (0.1%) are lower than last year (12%).


Past Earnings Growth Analysis

Earnings Trend: APA's earnings have declined by 5.2% per year over the past 5 years.

Accelerating Growth: APA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: APA had negative earnings growth (-98.8%) over the past year, making it difficult to compare to the Gas Utilities industry average (24%).


Return on Equity

High ROE: APA's Return on Equity (0.1%) is considered low.


Financial Health

How is APA Group's financial position?


Financial Position Analysis

Short Term Liabilities: APA's short term assets (A$1.1B) exceed its short term liabilities (A$604.9M).

Long Term Liabilities: APA's short term assets (A$1.1B) do not cover its long term liabilities (A$11.2B).


Debt to Equity History and Analysis

Debt Level: APA's debt to equity ratio (348.2%) is considered high.

Reducing Debt: APA's debt to equity ratio has increased from 248.7% to 348.2% over the past 5 years.

Debt Coverage: APA's debt is not well covered by operating cash flow (10.2%).

Interest Coverage: APA's interest payments on its debt are not well covered by EBIT (1.9x coverage).


Balance Sheet


Dividend

What is APA Group current dividend yield, its reliability and sustainability?

5.60%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: APA's dividend (5.6%) is higher than the bottom 25% of dividend payers in the Australian market (2.33%).

High Dividend: APA's dividend (5.6%) is in the top 25% of dividend payers in the Australian market (5.26%)


Stability and Growth of Payments

Stable Dividend: APA's dividends per share have been stable in the past 10 years.

Growing Dividend: APA's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (16335.7%), APA's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: APA's dividends in 3 years are not forecast to be well covered by earnings (174.7% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.6yrs

Average management tenure


CEO

Rob Wheals

2.17yrs

Tenure

AU$3,504,713

Compensation

Mr. Robert Anthony Wheals, also known as Rob, BCom, CA, GAICD, MAICD, serves as Chief Executive Officer, Managing Director and Director at APT Pipelines Limited since July 6, 2019. Mr. Wheals served as Gro...


CEO Compensation Analysis

Compensation vs Market: Rob's total compensation ($USD2.57M) is about average for companies of similar size in the Australian market ($USD2.31M).

Compensation vs Earnings: Rob's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: APA's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.


Board Members

Experienced Board: APA's board of directors are considered experienced (3.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

APA Group's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: APA Group
  • Ticker: APA
  • Exchange: ASX
  • Founded: 2007
  • Industry: Gas Utilities
  • Sector: Utilities
  • Market Cap: AU$10.749b
  • Shares outstanding: 1.18b
  • Website: https://www.apa.com.au

Number of Employees


Location

  • APA Group
  • 580 George Street
  • Level 25
  • Sydney
  • New South Wales
  • 2000
  • Australia

Listings


Biography

APA Group develops, owns, and operates natural gas transportation and energy infrastructure in Australia. The company operates through three segments: Energy Infrastructure, Asset Management, and Energy In...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/16 15:27
End of Day Share Price2021/09/16 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.