NYSE:APY

Stock Analysis Report

Executive Summary

Apergy Corporation provides engineered equipment and technologies that help companies drill for and produce oil and gas worldwide.

Snowflake

Fundamentals

Reasonable growth potential with acceptable track record.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

3.4%

NYSE:APY

0.6%

US Energy Services

-0.02%

US Market


1 Year Return

-33.7%

NYSE:APY

-41.9%

US Energy Services

1.6%

US Market

APY outperformed the Energy Services industry which returned -40.7% over the past year.

APY underperformed the Market in United States of America which returned 1.9% over the past year.


Share holder returns

APYIndustryMarket
7 Day3.4%0.6%-0.02%
30 Day9.6%9.3%2.7%
90 Day-7.4%-7.5%1.4%
1 Year-33.7%-33.7%-40.2%-41.9%3.8%1.6%
3 Yearn/a-43.6%-50.6%45.2%35.8%
5 Yearn/a-64.7%-70.1%61.8%44.1%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Apergy undervalued based on future cash flows and its price relative to the stock market?

24.55x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Apergy's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Apergy's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Apergy is overvalued based on earnings compared to the US Energy Services industry average.

Apergy is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

Apergy is good value based on expected growth next year.


Price Based on Value of Assets

Apergy is overvalued based on assets compared to the US Energy Services industry average.


Next Steps

Future Growth

How is Apergy expected to perform in the next 1 to 3 years based on estimates from 8 analysts?

27.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Apergy's revenue is expected to grow by 8% yearly, however this is not considered high growth (20% yearly).

Apergy's earnings are expected to grow significantly at over 20% yearly.

Apergy's revenue growth is expected to exceed the United States of America market average.

Apergy's earnings growth is expected to exceed the United States of America market average.

Apergy's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Apergy will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Apergy performed over the past 5 years?

26.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Apergy has delivered over 20% year on year earnings growth in the past 5 years.

Apergy's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Apergy's 1-year earnings growth is negative, it can't be compared to the US Energy Services industry average.


Return on Equity

Apergy has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Apergy used its assets more efficiently than the US Energy Services industry average last year based on Return on Assets.


Return on Capital Employed

Apergy has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Apergy's financial position?


Financial Position Analysis

Apergy is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Apergy's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Apergy's level of debt (59.1%) compared to net worth is high (greater than 40%).

Unable to establish if Apergy's debt level has increased without past 5-year debt data.

Debt is well covered by operating cash flow (27%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 4.4x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0.9x debt.


Next Steps

Dividend

What is Apergy's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

Unable to evaluate Apergy's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Apergy's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Apergy has not reported any payouts.

Unable to verify if Apergy's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Apergy has not reported any payouts.


Future Payout to Shareholders

No need to calculate the sustainability of Apergy's dividends in 3 years as they are not expected to pay a notable one for United States of America.


Next Steps

Management

What is the CEO of Apergy's salary, the management and board of directors tenure and is there insider trading?

1.3yrs

Average management tenure


CEO

Soma Somasundaram (53yo)

1.3yrs

Tenure

US$9,363,752

Compensation

Mr. Sivasankaran Somasundaram, also known as Soma, served as the Chief Executive Officer and President of Dover Energy at Dover Corporation since August 2013 until May 9, 2018. Prior to that he was Executi ...


CEO Compensation Analysis

Soma's remuneration is higher than average for companies of similar size in United States of America.

Soma's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Management Age and Tenure

1.3yrs

Average Tenure

52yo

Average Age

The average tenure for the Apergy management team is less than 2 years, this suggests a new team.


Board Age and Tenure

1.3yrs

Average Tenure

63yo

Average Age

The average tenure for the Apergy board of directors is less than 3 years, this suggests a new board.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

SellUS$37,30127 Feb 19
Sivasankaran Somasundaram
EntityIndividual
Role
Chief Executive Officer
President
Shares893
Max PriceUS$41.77
SellUS$2,42327 Feb 19
Syed Raza
EntityIndividual
Role
Senior Key Executive
Senior VP & Chief Digital Officer
Shares58
Max PriceUS$41.77
SellUS$16,54727 Feb 19
Paul Mahoney
EntityIndividual
Role
Senior Key Executive
President of Production & Automation Technologies
Shares397
Max PriceUS$41.68
SellUS$6,12727 Feb 19
Amy Broussard
EntityIndividual
Role
Head of Human Resources
Senior VP & Chief Human Resources Officer
Shares147
Max PriceUS$41.68
SellUS$1,21425 Feb 19
Shankar Annamalai
EntityIndividual
Role
Chief Operating Officer
Senior Vice President of Operations
Shares30
Max PriceUS$40.47

Ownership Breakdown


Management Team

  • Soma Somasundaram (53yo)

    President

    • Tenure: 1.3yrs
    • Compensation: US$9.36m
  • Jay Nutt (56yo)

    Senior VP & CFO

    • Tenure: 1.3yrs
    • Compensation: US$2.83m
  • Rob Galloway (52yo)

    President of Drilling Technologies

    • Tenure: 1.3yrs
    • Compensation: US$1.43m
  • David Skipper

    VP & Treasurer

    • Tenure: 1.3yrs
  • Michael White (46yo)

    VP, Corporate Controller & Chief Accounting Officer

    • Tenure: 1.3yrs
  • Julia Wright (44yo)

    Senior VP

    • Tenure: 1.3yrs
    • Compensation: US$1.95m
  • Paul Mahoney (55yo)

    President of Production & Automation Technologies

    • Tenure: 1.3yrs
    • Compensation: US$2.16m
  • Shankar Annamalai (38yo)

    Senior Vice President of Operations

    • Tenure: 1.3yrs
  • Amy Broussard (43yo)

    Senior VP & Chief Human Resources Officer

    • Tenure: 1.3yrs
  • Ali Raza (53yo)

    Senior VP & Chief Digital Officer

    • Tenure: 1.3yrs
    • Compensation: US$714.47k

Board Members

  • Dan Rabun (64yo)

    Chairman of the Board of Directors

    • Tenure: 1.7yrs
    • Compensation: US$306.35k
  • Kenneth Fisher (57yo)

    Director

    • Tenure: 1.3yrs
    • Compensation: US$156.54k
  • Gary Luquette (63yo)

    Director

    • Tenure: 1.3yrs
    • Compensation: US$153.29k
  • Soma Somasundaram (53yo)

    President

    • Tenure: 1.3yrs
    • Compensation: US$9.36m
  • Mamatha Chamarthi (49yo)

    Director

    • Tenure: 1.3yrs
    • Compensation: US$146.80k
  • Stephen Todd (70yo)

    Director

    • Tenure: 1.3yrs
    • Compensation: US$146.80k
  • Stephen Wagner (71yo)

    Director

    • Tenure: 1.3yrs
    • Compensation: US$153.29k

Company Information

Apergy Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Apergy Corporation
  • Ticker: APY
  • Exchange: NYSE
  • Founded: 2017
  • Industry: Oil and Gas Equipment and Services
  • Sector: Energy
  • Market Cap: US$2.308b
  • Shares outstanding: 77.46m
  • Website: https://apergy.com

Location

  • Apergy Corporation
  • Building 4
  • 12th Floor
  • The Woodlands
  • Texas
  • 77381
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
APYNYSE (New York Stock Exchange)YesCommon StockUSUSDMay 2018
X9PDB (Deutsche Boerse AG)YesCommon StockDEEURMay 2018

Biography

Apergy Corporation provides engineered equipment and technologies that help companies drill for and produce oil and gas worldwide. The company operates through two segments, Production & Automation Technol ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/19 01:16
End of Day Share Price2019/09/18 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.