How does APA's PE Ratio compare to its peers?

APA is good value based on its Price-To-Earnings Ratio (9.4x) compared to the peer average (27.7x).

How does APA's PE Ratio compare vs other companies in the Global Gas Utilities Industry?

APA is good value based on its Price-To-Earnings Ratio (9.4x) compared to the Global Gas Utilities industry average (13.9x).

What is APA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

APA is good value based on its Price-To-Earnings Ratio (9.4x) compared to the estimated Fair Price-To-Earnings Ratio (11.3x).

What is the Fair Price of APA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

APA (A$7.12) is trading below our estimate of [[fair value]] (A$21.05)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Target price is less than 20% higher than the current share price.

APA Group (ASX:APA) - Stock Price, News & Analysis

APA Stock Overview

Engages in the energy infrastructure business in Australia. More details

APA fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	0/6
Past Performance	5/6
Financial Health	1/6
Dividends	5/6

Rewards

Trading at 66.2% below our estimate of its fair value

Earnings grew by 271.9% over the past year

Trading at good value compared to peers and industry

Risk Analysis

Debt is not well covered by operating cash flow

Earnings are forecast to decline by an average of 25.4% per year for the next 3 years

Dividend of 7.87% is not well covered by free cash flows

APA Group Competitors

AGL Energy

ASX:AGL

AU$7.4b

Origin Energy

ASX:ORG

AU$18.4b

Petrovietnam Gas

HOSE:GAS

₫158.4t

National Fuel Gas

NYSE:NFG

US$5.7b

Price History & Performance

Summary of all time highs, changes and price drops for APA Group
Historical stock prices
Current Share Price	AU$7.12
52 Week High	AU$8.91
52 Week Low	AU$6.62
Beta	0.27
11 Month Change	0.28%
3 Month Change	-9.76%
1 Year Change	-14.63%
33 Year Change	-25.83%
5 Year Change	-36.43%
Change since IPO	242.31%

APA Group's (ASX:APA) Price Is Right But Growth Is Lacking

Nov 01

We Think APA Group (ASX:APA) Is Taking Some Risk With Its Debt

Oct 11

Recent updates

APA Group's (ASX:APA) Price Is Right But Growth Is Lacking

Nov 01

We Think APA Group (ASX:APA) Is Taking Some Risk With Its Debt

Oct 11

Earnings Miss: APA Group Missed EPS By 13% And Analysts Are Revising Their Forecasts

Aug 29

Shareholder Returns

	APA	AU Gas Utilities	AU Market
7D	4.6%	0.7%	1.5%
1Y	-14.6%	10.4%	17.2%

Return vs Industry: APA underperformed the Australian Gas Utilities industry which returned 10.4% over the past year.

Return vs Market: APA underperformed the Australian Market which returned 17.2% over the past year.

Price Volatility

Is APA's price volatile compared to industry and market?
APA volatility
APA Average Weekly Movement	3.3%
Gas Utilities Industry Average Movement	4.4%
Market Average Movement	8.6%
10% most volatile stocks in AU Market	17.3%
10% least volatile stocks in AU Market	3.4%

Stable Share Price: APA has not had significant price volatility in the past 3 months compared to the Australian market.

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

About the Company

Founded	Employees	CEO	Website
n/a	2,700	Adam Watson	www.apa.com.au

APA Group engages in the energy infrastructure business in Australia. The company operates through Energy Infrastructure, Asset Management, and Energy Investments segments. It operates gas transmission pipelines and interconnected grids, gas-fired power stations, electricity transmission interconnectors, solar and wind farms, and battery energy storage systems, as well as gas storage, processing, and compression facilities.

APA Group Fundamentals Summary

How do APA Group's earnings and revenue compare to its market cap?
APA fundamental statistics
Market cap	AU$9.30b
Earnings (TTM)	AU$978.00m
Revenue (TTM)	AU$3.06b

9.4x

P/E Ratio

3.0x

P/S Ratio

Is APA overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
APA income statement (TTM)
Revenue	AU$3.06b
Cost of Revenue	AU$253.00m
Gross Profit	AU$2.81b
Other Expenses	AU$1.83b
Earnings	AU$978.00m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

Feb 24, 2025

Earnings per share (EPS)	0.76
Gross Margin	91.74%
Net Profit Margin	31.92%
Debt/Equity Ratio	399.3%

How did APA perform over the long term?

See historical performance and comparison

Dividends

7.9%

Current Dividend Yield

72%

Payout Ratio

APA Stock Overview

Rewards

Risk Analysis

APA Group Competitors

ASX:AGL

AU$7.4b

ASX:ORG

AU$18.4b

HOSE:GAS

₫158.4t

NYSE:NFG

US$5.7b

Price History & Performance

Recent News & Updates

APA Group's (ASX:APA) Price Is Right But Growth Is Lacking

APA Group Approves Board Changes

We Think APA Group (ASX:APA) Is Taking Some Risk With Its Debt

APA Group Limited and APA Infrastructure Limited Appoints Varya Davidson as Non-Executive Director, Effective 1 March 2025

New minor risk - Shareholder dilution

Consensus EPS estimates fall by 18%

Recent updates

APA Group's (ASX:APA) Price Is Right But Growth Is Lacking

APA Group Approves Board Changes

We Think APA Group (ASX:APA) Is Taking Some Risk With Its Debt

APA Group Limited and APA Infrastructure Limited Appoints Varya Davidson as Non-Executive Director, Effective 1 March 2025

New minor risk - Shareholder dilution

Consensus EPS estimates fall by 18%

Earnings Miss: APA Group Missed EPS By 13% And Analysts Are Revising Their Forecasts

Full year 2024 earnings: EPS and revenues miss analyst expectations

APA Group Announces Board Changes

APA Group Estimates Ordinary Dividend for the Six Months Ended 30 June 2024, Payable on September 18, 2024

APA Group (ASX:APA) Shares Could Be 43% Below Their Intrinsic Value Estimate

APA Group's (ASX:APA) Dividend Will Be Increased To A$0.295

First half dividend increased to AU$0.29

Earnings Working Against APA Group's (ASX:APA) Share Price

These 4 Measures Indicate That APA Group (ASX:APA) Is Using Debt Extensively

Consensus EPS estimates increase by 344%, revenue downgraded

First half 2024 earnings released: EPS: AU$0.84 (vs AU$0.15 in 1H 2023)

APA Group Announces Interim Distribution for the Six Months Ended 31 December 2023, Payable on 14 March 2024

APA Group, Annual General Meeting, Oct 24, 2024

Upcoming dividend of AU$0.27 per share at 6.3% yield

APA Group's (ASX:APA) Business Is Yet to Catch Up With Its Share Price

APA Group Announces Estimates Interim Distribution for the Six Months Ending 31 December 2023, Payable on 14 March 2024; Provided Dividend Guidance for the Year 2024

APA Group (ASX:APA) completed the acquisition of Alinta Energy Pilbara Holdings Pty Ltd and Alinta Energy (Newman Storage) Pty Ltd from Alinta Energy Development Pty Ltd and Alinta Power Cat Pty Ltd.

Consensus EPS estimates fall by 14%, revenue upgraded

APA Group has completed a Follow-on Equity Offering in the amount of AUD 675.000003 million.

APA Group Announces Final Distribution for the Year 2023, Payable on 13 September 2023; Provides Dividend Guidance for the Year 2024

New minor risk - Shareholder dilution

APA Group to Report First Half, 2024 Results on Feb 22, 2024

APA Group Reconfirms Distribution Guidance for the Fiscal Year 2024

New major risk - Revenue and earnings growth

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Are Investors Undervaluing APA Group (ASX:APA) By 44%?

APA, Fortescue Reportedly Lead Race as Alinta Raises the Stakes in Asset Sale

APA, Fortescue Reportedly Lead Race as Alinta Raises the Stakes in Asset Sale

Macquarie Reportedly No Longer in the Final Stages of the Competition for Alinta and Weighing Options to Partner with Another Contender

Insufficient new directors

APA Group Estimates Final Distribution for the Six Months Ending 30 June 2023, Payable on 13 September 2023

APA Group Completes Laboratory Testing of Parmelia Gas Pipeline Materials in a Pressurised Hydrogen Environment

Are Investors Undervaluing APA Group (ASX:APA) By 38%?

Is APA Group (ASX:APA) A Risky Investment?

Independent Director recently bought AU$66k worth of stock

First half 2023 earnings released: EPS: AU$0.15 (vs AU$0.12 in 1H 2022)

APA Group's (ASX:APA) Intrinsic Value Is Potentially 37% Above Its Share Price

APA Group to Report First Half, 2023 Results on Feb 23, 2023

Upcoming dividend of AU$0.26 per share

APA Group Appoints Adam Watson as CEO & Managing Director

APA Group Estimates Interim Distribution for the Six Months Ending 31 December 2022, Payable on 16 March 2023

APA Group (ASX:APA) completed the acquisition of Basslink Pty Ltd.

APA Group (ASX:APA) signed letter of intent to acquire Basslink Pty Ltd. for AUD 740 million.

These 4 Measures Indicate That APA Group (ASX:APA) Is Using Debt Extensively

APA Group Announces the Retirement of Steven Crane as Director

APA Group (ASX:APA) Shares Could Be 40% Below Their Intrinsic Value Estimate

Chow Tai Fook Reportedly May Be Still Searching for an Investor for Its Alinta Energy

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Apa Group Provides Dividend Guidance for 2023

APA Group Announces Managing Director, Rob Wheals, Will Be Stepping Down At the End of September 2022

Insufficient new directors

First-Round Bids Reportedly Due for Basslink Undersea Cable

Cooper Energy and APA Announces Operations Update