27.1 USD
+0.39 (+1.46%)
27.18 USD
+0.08 (+0.3%)
Overall APA gets a fundamental rating of 6 out of 10. We evaluated APA against 209 industry peers in the Oil, Gas & Consumable Fuels industry. While APA belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. A decent growth rate in combination with a cheap valuation! Better keep an eye on APA. Finally APA also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
APA had positive earnings in the past year.
APA had a positive operating cash flow in the past year.
Of the past 5 years APA 4 years were profitable.
Each year in the past 5 years APA had a positive operating cash flow.
1.2 Ratios
APA's Return On Assets of 8.53% is amongst the best of the industry. APA outperforms 84.69% of its industry peers.
APA has a better Return On Equity (25.30%) than 90.91% of its industry peers.
Looking at the Return On Invested Capital, with a value of 14.25%, APA belongs to the top of the industry, outperforming 91.87% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for APA is in line with the industry average of 21.47%.
The last Return On Invested Capital (14.25%) for APA is well below the 3 year average (23.28%), which needs to be investigated, but indicates that APA had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.53% | ||
| ROE | 25.3% | ||
| ROIC | 14.25% |
ROA(3y)16.94%
ROA(5y)4%
ROE(3y)330.44%
ROE(5y)N/A
ROIC(3y)23.28%
ROIC(5y)17.78%
1.3 Margins
With a decent Profit Margin value of 15.65%, APA is doing good in the industry, outperforming 66.03% of the companies in the same industry.
In the last couple of years the Profit Margin of APA has declined.
APA has a Operating Margin of 30.75%. This is in the better half of the industry: APA outperforms 75.12% of its industry peers.
APA's Operating Margin has improved in the last couple of years.
The Gross Margin of APA (69.21%) is better than 77.99% of its industry peers.
In the last couple of years the Gross Margin of APA has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 30.75% | ||
| PM (TTM) | 15.65% | ||
| GM | 69.21% |
OM growth 3Y-0.88%
OM growth 5Y16.38%
PM growth 3Y-12.17%
PM growth 5YN/A
GM growth 3Y3.59%
GM growth 5Y-0.98%
2. Health
2.1 Basic Checks
APA has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
Compared to 1 year ago, APA has more shares outstanding
Compared to 5 years ago, APA has less shares outstanding
Compared to 1 year ago, APA has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.46, we must say that APA is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.46, APA is in line with its industry, outperforming 53.59% of the companies in the same industry.
APA has a debt to FCF ratio of 0.94. This is a very positive value and a sign of high solvency as it would only need 0.94 years to pay back of all of its debts.
The Debt to FCF ratio of APA (0.94) is better than 89.00% of its industry peers.
A Debt/Equity ratio of 0.72 indicates that APA is somewhat dependend on debt financing.
APA's Debt to Equity ratio of 0.72 is on the low side compared to the rest of the industry. APA is outperformed by 64.11% of its industry peers.
Although APA does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.72 | ||
| Debt/FCF | 0.94 | ||
| Altman-Z | 1.46 |
ROIC/WACC1.72
WACC8.29%
2.3 Liquidity
APA has a Current Ratio of 0.78. This is a bad value and indicates that APA is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Current ratio value of 0.78, APA is not doing good in the industry: 69.38% of the companies in the same industry are doing better.
APA has a Quick Ratio of 0.78. This is a bad value and indicates that APA is not financially healthy enough and could expect problems in meeting its short term obligations.
APA has a Quick ratio of 0.63. This is in the lower half of the industry: APA underperforms 69.86% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.78 | ||
| Quick Ratio | 0.63 |
3. Growth
3.1 Past
APA shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -10.98%.
The Earnings Per Share has been growing by 245758.95% on average over the past years. This is a very strong growth
The Revenue has been growing slightly by 4.88% in the past year.
APA shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 8.45% yearly.
EPS 1Y (TTM)-10.98%
EPS 3Y-1.22%
EPS 5Y245758.95%
EPS Q2Q%-7%
Revenue 1Y (TTM)4.88%
Revenue growth 3Y6.84%
Revenue growth 5Y8.45%
Sales Q2Q%2.77%
3.2 Future
APA is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 10.32% yearly.
APA is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 0.39% yearly.
EPS Next Y-5.19%
EPS Next 2Y-8.93%
EPS Next 3Y-5.25%
EPS Next 5Y10.32%
Revenue Next Year3.85%
Revenue Next 2Y-4.8%
Revenue Next 3Y-2.27%
Revenue Next 5Y0.39%
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 7.42, the valuation of APA can be described as very cheap.
Based on the Price/Earnings ratio, APA is valued cheaper than 89.47% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 26.46. APA is valued rather cheaply when compared to this.
APA is valuated reasonably with a Price/Forward Earnings ratio of 8.74.
81.82% of the companies in the same industry are more expensive than APA, based on the Price/Forward Earnings ratio.
APA's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 36.10.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.42 | ||
| Fwd PE | 8.74 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of APA indicates a rather cheap valuation: APA is cheaper than 94.26% of the companies listed in the same industry.
APA's Price/Free Cash Flow ratio is rather cheap when compared to the industry. APA is cheaper than 98.09% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 2.02 | ||
| EV/EBITDA | 2.52 |
4.3 Compensation for Growth
The decent profitability rating of APA may justify a higher PE ratio.
APA's earnings are expected to decrease with -5.25% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0
EPS Next 2Y-8.93%
EPS Next 3Y-5.25%
5. Dividend
5.1 Amount
APA has a Yearly Dividend Yield of 4.05%, which is a nice return.
Compared to an average industry Dividend Yield of 5.91, APA pays a bit more dividend than its industry peers.
APA's Dividend Yield is rather good when compared to the S&P500 average which is at 2.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.05% |
5.2 History
The dividend of APA has a limited annual growth rate of 1.06%.
APA has paid a dividend for at least 10 years, which is a reliable track record.
APA has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)1.06%
Div Incr Years0
Div Non Decr Years3
5.3 Sustainability
APA pays out 24.12% of its income as dividend. This is a sustainable payout ratio.
APA's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP24.12%
EPS Next 2Y-8.93%
EPS Next 3Y-5.25%
27.1
+0.39 (+1.46%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners95.06%
Inst Owner Change0.85%
Ins Owners0.19%
Ins Owner Change0%
Market Cap9.61B
Revenue(TTM)9.64B
Net Income(TTM)1.51B
Analysts57.3
Price Target25.4 (-6.27%)
Short Float %9.76%
Short Ratio4.67
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.05% |
Yearly Dividend1.06
Dividend Growth(5Y)1.06%
DP24.12%
Div Incr Years0
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)48.1%
Min EPS beat(2)16.68%
Max EPS beat(2)79.53%
EPS beat(4)3
Avg EPS beat(4)25.8%
Min EPS beat(4)-19.51%
Max EPS beat(4)79.53%
EPS beat(8)4
Avg EPS beat(8)11.4%
EPS beat(12)8
Avg EPS beat(12)12.67%
EPS beat(16)10
Avg EPS beat(16)8.65%
Revenue beat(2)2
Avg Revenue beat(2)13.62%
Min Revenue beat(2)1.54%
Max Revenue beat(2)25.7%
Revenue beat(4)2
Avg Revenue beat(4)2.21%
Min Revenue beat(4)-12.36%
Max Revenue beat(4)25.7%
Revenue beat(8)3
Avg Revenue beat(8)-3.93%
Revenue beat(12)6
Avg Revenue beat(12)-0.81%
Revenue beat(16)10
Avg Revenue beat(16)3.56%
PT rev (1m)3.32%
PT rev (3m)5.93%
EPS NQ rev (1m)-7.98%
EPS NQ rev (3m)-4.97%
EPS NY rev (1m)0.99%
EPS NY rev (3m)4.75%
Revenue NQ rev (1m)-3.83%
Revenue NQ rev (3m)-6.54%
Revenue NY rev (1m)-0.12%
Revenue NY rev (3m)2.41%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.42 | ||
| Fwd PE | 8.74 | ||
| P/S | 1 | ||
| P/FCF | 2.02 | ||
| P/OCF | 2.01 | ||
| P/B | 1.61 | ||
| P/tB | 1.61 | ||
| EV/EBITDA | 2.52 |
EPS(TTM)3.65
EY13.47%
EPS(NY)3.1
Fwd EY11.44%
FCF(TTM)13.4
FCFY49.46%
OCF(TTM)13.46
OCFY49.66%
SpS27.18
BVpS16.82
TBVpS16.82
PEG (NY)N/A
PEG (5Y)0
Graham Number37.16
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.53% | ||
| ROE | 25.3% | ||
| ROCE | 19.57% | ||
| ROIC | 14.25% | ||
| ROICexc | 14.71% | ||
| ROICexgc | 14.71% | ||
| OM | 30.75% | ||
| PM (TTM) | 15.65% | ||
| GM | 69.21% | ||
| FCFM | 49.31% |
ROA(3y)16.94%
ROA(5y)4%
ROE(3y)330.44%
ROE(5y)N/A
ROIC(3y)23.28%
ROIC(5y)17.78%
ROICexc(3y)23.81%
ROICexc(5y)18.21%
ROICexgc(3y)23.81%
ROICexgc(5y)18.21%
ROCE(3y)31.97%
ROCE(5y)24.42%
ROICexgc growth 3Y-6.49%
ROICexgc growth 5Y26.52%
ROICexc growth 3Y-6.49%
ROICexc growth 5Y26.52%
OM growth 3Y-0.88%
OM growth 5Y16.38%
PM growth 3Y-12.17%
PM growth 5YN/A
GM growth 3Y3.59%
GM growth 5Y-0.98%
F-Score6
Asset Turnover0.54
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.72 | ||
| Debt/FCF | 0.94 | ||
| Debt/EBITDA | 0.8 | ||
| Cap/Depr | 0.79% | ||
| Cap/Sales | 0.2% | ||
| Interest Coverage | 9.29 | ||
| Cash Conversion | 89.12% | ||
| Profit Quality | 315.04% | ||
| Current Ratio | 0.78 | ||
| Quick Ratio | 0.63 | ||
| Altman-Z | 1.46 |
F-Score6
WACC8.29%
ROIC/WACC1.72
Cap/Depr(3y)158.67%
Cap/Depr(5y)126.26%
Cap/Sales(3y)26.67%
Cap/Sales(5y)24.66%
Profit Quality(3y)61.5%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-10.98%
EPS 3Y-1.22%
EPS 5Y245758.95%
EPS Q2Q%-7%
EPS Next Y-5.19%
EPS Next 2Y-8.93%
EPS Next 3Y-5.25%
EPS Next 5Y10.32%
Revenue 1Y (TTM)4.88%
Revenue growth 3Y6.84%
Revenue growth 5Y8.45%
Sales Q2Q%2.77%
Revenue Next Year3.85%
Revenue Next 2Y-4.8%
Revenue Next 3Y-2.27%
Revenue Next 5Y0.39%
EBIT growth 1Y-9.93%
EBIT growth 3Y5.9%
EBIT growth 5Y26.21%
EBIT Next Year49.02%
EBIT Next 3Y12.77%
EBIT Next 5Y9.62%
FCF growth 1Y334.95%
FCF growth 3Y-33.24%
FCF growth 5YN/A
OCF growth 1Y35.91%
OCF growth 3Y1.17%
OCF growth 5Y4.77%
APA CORP / APA FAQ
Can you provide the ChartMill fundamental rating for APA CORP?
ChartMill assigns a fundamental rating of 6 / 10 to APA.
What is the valuation status of APA CORP (APA) stock?
ChartMill assigns a valuation rating of 8 / 10 to APA CORP (APA). This can be considered as Undervalued.
Can you provide the profitability details for APA CORP?
APA CORP (APA) has a profitability rating of 7 / 10.
Can you provide the expected EPS growth for APA stock?
The Earnings per Share (EPS) of APA CORP (APA) is expected to decline by -5.19% in the next year.
Is the dividend of APA CORP sustainable?
The dividend rating of APA CORP (APA) is 8 / 10 and the dividend payout ratio is 24.12%.