25.36 USD
+0.9 (+3.68%)
25.4324 USD
+0.07 (+0.29%)
Overall APA gets a fundamental rating of 6 out of 10. We evaluated APA against 208 industry peers in the Oil, Gas & Consumable Fuels industry. While APA has a great profitability rating, there are some minor concerns on its financial health. APA may be a bit undervalued, certainly considering the very reasonable score on growth Finally APA also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
APA had positive earnings in the past year.
In the past year APA had a positive cash flow from operations.
APA had positive earnings in 4 of the past 5 years.
APA had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
APA's Return On Assets of 8.53% is amongst the best of the industry. APA outperforms 85.58% of its industry peers.
With an excellent Return On Equity value of 25.30%, APA belongs to the best of the industry, outperforming 90.87% of the companies in the same industry.
The Return On Invested Capital of APA (14.25%) is better than 92.31% of its industry peers.
APA had an Average Return On Invested Capital over the past 3 years of 23.28%. This is above the industry average of 21.28%.
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
Looking at the Profit Margin, with a value of 15.65%, APA is in the better half of the industry, outperforming 66.83% of the companies in the same industry.
In the last couple of years the Profit Margin of APA has declined.
Looking at the Operating Margin, with a value of 30.75%, APA is in the better half of the industry, outperforming 75.96% of the companies in the same industry.
APA's Operating Margin has improved in the last couple of years.
With a decent Gross Margin value of 69.21%, APA is doing good in the industry, outperforming 76.92% of the companies in the same industry.
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
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), APA is creating value.
The number of shares outstanding for APA has been increased compared to 1 year ago.
The number of shares outstanding for APA has been reduced compared to 5 years ago.
Compared to 1 year ago, APA has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.44, we must say that APA is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 1.44, APA perfoms like the industry average, outperforming 55.77% 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.
APA's Debt to FCF ratio of 0.94 is amongst the best of the industry. APA outperforms 88.46% of its industry peers.
APA has a Debt/Equity ratio of 0.72. This is a neutral value indicating APA is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.72, APA is doing worse than 62.02% of the companies in the same industry.
Even though the debt/equity ratio score it not favorable for APA, it has very limited outstanding debt, so we won't put too much weight on the DE evaluation.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.72 | ||
| Debt/FCF | 0.94 | ||
| Altman-Z | 1.44 |
ROIC/WACC1.76
WACC8.1%
2.3 Liquidity
A Current Ratio of 0.78 indicates that APA may have some problems paying its short term obligations.
APA's Current ratio of 0.78 is on the low side compared to the rest of the industry. APA is outperformed by 68.27% of its industry peers.
A Quick Ratio of 0.63 indicates that APA may have some problems paying its short term obligations.
The Quick ratio of APA (0.63) is worse than 68.27% 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%.
APA shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 245758.95% yearly.
Looking at the last year, APA shows a small growth in Revenue. The Revenue has grown by 4.88% in the last year.
The Revenue has been growing by 8.45% on average over the past years. This is quite good.
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
The Earnings Per Share is expected to grow by 10.32% on average over the next years. This is quite good.
Based on estimates for the next years, APA will show a small growth in Revenue. The Revenue will grow by 0.39% on average per year.
EPS Next Y-3.42%
EPS Next 2Y-12.69%
EPS Next 3Y-4.87%
EPS Next 5Y10.32%
Revenue Next Year3.36%
Revenue Next 2Y-6.02%
Revenue Next 3Y-2.14%
Revenue Next 5Y0.39%
3.3 Evolution
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
APA is valuated cheaply with a Price/Earnings ratio of 6.95.
87.98% of the companies in the same industry are more expensive than APA, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of APA to the average of the S&P500 Index (26.60), we can say APA is valued rather cheaply.
With a Price/Forward Earnings ratio of 8.89, the valuation of APA can be described as very reasonable.
Based on the Price/Forward Earnings ratio, APA is valued cheaper than 81.25% of the companies in the same industry.
APA's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 23.23.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.95 | ||
| Fwd PE | 8.89 |
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 95.19% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, APA is valued cheaper than 98.56% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 1.89 | ||
| EV/EBITDA | 2.43 |
4.3 Compensation for Growth
The excellent profitability rating of APA may justify a higher PE ratio.
A cheap valuation may be justified as APA's earnings are expected to decrease with -4.87% in the coming years.
PEG (NY)N/A
PEG (5Y)0
EPS Next 2Y-12.69%
EPS Next 3Y-4.87%
5. Dividend
5.1 Amount
APA has a Yearly Dividend Yield of 4.09%, which is a nice return.
Compared to an average industry Dividend Yield of 3.96, 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 1.94.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.09% |
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
24.12% of the earnings are spent on dividend by APA. This is a low number and sustainable payout ratio.
APA's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP24.12%
EPS Next 2Y-12.69%
EPS Next 3Y-4.87%
25.36
+0.9 (+3.68%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners99.46%
Inst Owner Change0%
Ins Owners0.19%
Ins Owner Change-0.63%
Market Cap8.99B
Revenue(TTM)9.64B
Net Income(TTM)1.51B
Analysts64
Price Target26.33 (3.82%)
Short Float %9.12%
Short Ratio4.84
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.09% |
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)3.66%
PT rev (3m)7.11%
EPS NQ rev (1m)0.24%
EPS NQ rev (3m)-4.45%
EPS NY rev (1m)0.09%
EPS NY rev (3m)2.36%
Revenue NQ rev (1m)0.4%
Revenue NQ rev (3m)-4.58%
Revenue NY rev (1m)0.62%
Revenue NY rev (3m)-1.45%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.95 | ||
| Fwd PE | 8.89 | ||
| P/S | 0.93 | ||
| P/FCF | 1.89 | ||
| P/OCF | 1.88 | ||
| P/B | 1.51 | ||
| P/tB | 1.51 | ||
| EV/EBITDA | 2.43 |
EPS(TTM)3.65
EY14.39%
EPS(NY)2.85
Fwd EY11.24%
FCF(TTM)13.4
FCFY52.85%
OCF(TTM)13.46
OCFY53.07%
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 | 1.44 |
F-Score6
WACC8.1%
ROIC/WACC1.76
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-3.42%
EPS Next 2Y-12.69%
EPS Next 3Y-4.87%
EPS Next 5Y10.32%
Revenue 1Y (TTM)4.88%
Revenue growth 3Y6.84%
Revenue growth 5Y8.45%
Sales Q2Q%2.77%
Revenue Next Year3.36%
Revenue Next 2Y-6.02%
Revenue Next 3Y-2.14%
Revenue Next 5Y0.39%
EBIT growth 1Y-9.93%
EBIT growth 3Y5.9%
EBIT growth 5Y26.21%
EBIT Next Year51.85%
EBIT Next 3Y12.59%
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 for 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 8 / 10.
What is the valuation of APA CORP based on its PE and PB ratios?
The Price/Earnings (PE) ratio for APA CORP (APA) is 6.95 and the Price/Book (PB) ratio is 1.51.
Can you provide the expected EPS growth for APA stock?
The Earnings per Share (EPS) of APA CORP (APA) is expected to decline by -3.42% in the next year.