APi Group (NYSE:APG) - Share price, News & Analysis

APG fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	4/6
Past Performance	0/6
Financial Health	2/6
Dividends	0/6

APG Stock Overview

APi Group Corporation provides safety, specialty, and industrial services in North America, Europe, Australia, and the Asian-Pacific.

Rewards

Trading at 66.7% below our estimate of its fair value

Earnings are forecast to grow 74.36% per year

Risk Analysis

Shareholders have been diluted in the past year

APi Group Competitors

Quanta Services

NYSE:PWR

US$16.7b

MasTec

NYSE:MTZ

US$5.9b

EMCOR Group

NYSE:EME

US$5.3b

Comfort Systems USA

NYSE:FIX

US$3.1b

Price History & Performance

Summary of all time highs, changes and price drops for APi Group
Historical stock prices
Current Share Price	US$17.35
52 Week High	US$26.84
52 Week Low	US$15.88
Beta	1.29
1 Month Change	-9.49%
3 Month Change	-16.18%
1 Year Change	-15.37%
3 Year Change	92.78%
5 Year Change	n/a
Change since IPO	65.24%

Shareholder Returns

	APG	US Construction	US Market
7D	-0.4%	0.3%	-4.0%
1Y	-15.4%	-1.7%	-13.2%

Return vs Industry: APG underperformed the US Construction industry which returned -2% over the past year.

Return vs Market: APG underperformed the US Market which returned -12.3% over the past year.

Price Volatility

Is APG's price volatile compared to industry and market?
APG volatility
APG Average Weekly Movement	6.2%
Construction Industry Average Movement	5.6%
Market Average Movement	7.8%
10% most volatile stocks in US Market	16.8%
10% least volatile stocks in US Market	2.9%

Stable Share Price: APG is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: APG's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1926	13,300	Russ Becker	https://www.apigroupinc.com

APi Group Corporation provides safety, specialty, and industrial services in North America, Europe, Australia, and the Asian-Pacific. It operates through three segments: Safety Services, Specialty Services, and Industrial Services. The Safety Services segment offers safety solutions focusing on end-to-end integrated occupancy systems, such as fire protection solutions; heating, ventilation, and air conditioning solutions; and entry systems, which include the design, installation, inspection, monitoring, and service of these integrated systems.

APi Group Fundamentals Summary

How do APi Group's earnings and revenue compare to its market cap?
APG fundamental statistics
Market Cap	US$4.12b
Earnings (TTM)	-US$147.00m
Revenue (TTM)	US$4.61b

0.9x

P/S Ratio

-28.0x

P/E Ratio

Is APG overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
APG income statement (TTM)
Revenue	US$4.61b
Cost of Revenue	US$3.47b
Gross Profit	US$1.13b
Other Expenses	US$1.28b
Earnings	-US$147.00m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	-0.62
Gross Margin	24.61%
Net Profit Margin	-3.19%
Debt/Equity Ratio	91.5%

How did APG perform over the long term?

See historical performance and comparison

Valuation

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

Valuation Score

3/6

Valuation Score 3/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: APG ($17.35) is trading below our estimate of fair value ($52.12)

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

Price To Earnings Ratio

PE vs Industry: APG is unprofitable, so we can't compare its Price-To-Earnings Ratio to the US Construction industry average.

PE vs Market: APG is unprofitable, so we can't compare its Price-To-Earnings Ratio to the US market.

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate APG's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: APG is good value based on its Price-To-Book Ratio (1.3x) compared to the US Construction industry average (1.8x).

Future Growth

How is APi Group forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

74.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: APG is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).

Earnings vs Market: APG is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: APG's is expected to become profitable in the next 3 years.

Revenue vs Market: APG's revenue (8.9% per year) is forecast to grow faster than the US market (7.8% per year).

High Growth Revenue: APG's revenue (8.9% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: APG's Return on Equity is forecast to be low in 3 years time (14.1%).

Past Performance

How has APi Group performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

-29.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: APG is currently unprofitable.

Growing Profit Margin: APG is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: APG is unprofitable, and losses have increased over the past 5 years at a rate of 29.8% per year.

Accelerating Growth: Unable to compare APG's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: APG is unprofitable, making it difficult to compare its past year earnings growth to the Construction industry (26.3%).

Return on Equity

High ROE: APG has a negative Return on Equity (1.56%), as it is currently unprofitable.

Financial Health

How is APi Group's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Stable Cash Runway
Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: APG's short term assets ($2.2B) exceed its short term liabilities ($1.4B).

Long Term Liabilities: APG's short term assets ($2.2B) do not cover its long term liabilities ($3.7B).

Debt to Equity History and Analysis

Debt Level: APG's net debt to equity ratio (81.3%) is considered high.

Reducing Debt: Insufficient data to determine if APG's debt to equity ratio has reduced over the past 5 years.

Balance Sheet

Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: APG has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if APG has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.

Dividend

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

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate APG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate APG's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if APG's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if APG's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as APG has not reported any payouts.

Discover strong dividend paying companies

Management

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

0.7yrs

Average management tenure

CEO

Russ Becker (55 yo)

20.33yrs

Tenure

US$8,027,508

Compensation

Mr. Russell A. Becker, also known as Russ, serves as the Chief Executive Officer and President of APi Electric Company. Mr. Becker has been the Chief Executive Officer and Director of APi Group Corporation...

CEO Compensation Analysis

Compensation vs Market: Russ's total compensation ($USD8.03M) is about average for companies of similar size in the US market ($USD6.83M).

Compensation vs Earnings: Russ's compensation has increased whilst the company is unprofitable.

Leadership Team

Experienced Management: APG's management team is not considered experienced ( 0.7 years average tenure), which suggests a new team.

Board Members

Experienced Board: APG's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.

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 been diluted in the past year, with total shares outstanding growing by 15.5%.

Data	Last Updated (UTC time)
Company Analysis	2022/05/24 00:00
End of Day Share Price	2022/05/24 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31