Company Valuation: APA Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 9,768 15,008 11,005 8,542 8,675 15,720 - -
Change - 53.64% -26.67% -22.38% 1.56% 81.21% - -
Enterprise Value (EV) 1 16,976 20,216 16,106 13,961 12,652 18,783 18,158 17,634
Change - 19.08% -20.33% -13.32% -9.38% 48.46% -3.33% -2.89%
P/E 10.4x 4.24x 3.88x 10.2x 6.13x 7.35x 9.57x 9.54x
PBR -5.85x 34.4x 4.1x 1.6x 1.42x 2.13x 1.87x 1.79x
PEG - 0x -0.2x -0.1x 0.1x 0.1x -0.4x 32.43x
Capitalization / Revenue 1.23x 1.24x 1.34x 0.88x 0.94x 1.73x 1.92x 1.86x
EV / Revenue 2.14x 1.67x 1.97x 1.43x 1.37x 2.07x 2.21x 2.09x
EV / EBITDA 3.71x 2.96x 3.05x 2.36x 2.36x 2.93x 3.35x 3.43x
EV / EBIT 7.06x 3.31x 5.04x 7.34x 4.36x 4.63x 6.2x 6.36x
EV / FCF 7.12x 6.45x 20.2x 18.2x 12.4x 7.47x 11x 12.1x
FCF Yield 14% 15.5% 4.94% 5.51% 8.09% 13.4% 9.11% 8.25%
Dividend per Share 2 0.2375 0.75 1 1 1 1.007 1.023 1.074
Rate of return 0.88% 1.61% 2.79% 4.33% 4.09% 2.24% 2.28% 2.39%
EPS 2 2.59 11.02 9.25 2.27 3.99 6.101 4.688 4.702
Distribution rate 9.17% 6.81% 10.8% 44.1% 25.1% 16.5% 21.8% 22.8%
Net sales 1 7,928 12,132 8,192 9,737 9,220 9,071 8,199 8,443
EBITDA 1 4,573 6,838 5,275 5,918 5,359 6,412 5,417 5,148
EBIT 1 2,405 6,113 3,195 1,902 2,904 4,056 2,926 2,772
Net income 1 973 3,674 2,855 804 1,434 2,170 1,562 1,497
Net Debt 1 7,208 5,208 5,101 5,419 3,977 3,063 2,437 1,913
Reference price 2 26.89 46.68 35.88 23.09 24.46 44.87 44.87 44.87
Nbr of stocks (in thousands) 363,274 321,512 306,719 369,947 354,669 350,352 - -
Announcement Date 21/2/22 23/2/23 21/2/24 26/2/25 25/2/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
7.35x2.07x2.93x2.24% 15.72B
12.43x2.43x5.38x2.58% 158B
12.43x3.31x6.34x3.59% 102B
8.43x2.59x4.5x2.86% 75.65B
9.88x1.47x4.78x1.91% 60.06B
7.25x2.48x3.94x1.74% 58.82B
9.19x2.56x5.04x2.29% 55.9B
11.37x3.44x4.94x2.27% 53.88B
12.38x3.38x5.14x5.91% 43.81B
12.12x3.92x5.74x1.32% 31.28B
Average 10.28x 2.76x 4.87x 2.67% 65.56B
Weighted average by Cap. 10.77x 2.72x 5.12x 2.74%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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