Company Valuation: APi Group Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 5,789 4,400 8,150 9,884 15,913 16,344 - -
Change - -23.99% 85.24% 21.27% 61% 2.71% - -
Enterprise Value (EV) 1 6,368 6,582 9,998 12,138 17,760 18,658 17,803 16,882
Change - 3.36% 51.91% 21.4% 46.32% 5.06% -4.58% -5.17%
P/E -38.5x 188x -50.9x -42.8x -55.4x 39x 28.8x 24.1x
PBR 2.54x 1.5x 3.28x 3.35x 4.67x 4.31x 3.67x 3.16x
PEG - -2x 0x -1.8x -2.4x -0x 0.8x 1.2x
Capitalization / Revenue 1.47x 0.67x 1.18x 1.41x 2.01x 1.82x 1.69x 1.59x
EV / Revenue 1.62x 1x 1.44x 1.73x 2.24x 2.08x 1.84x 1.64x
EV / EBITDA 15.6x 9.78x 12.8x 13.6x 17.1x 15.2x 12.8x 11x
EV / EBIT 19.7x 11.2x 14.5x 14.8x 19x 16.6x 13.9x 11.9x
EV / FCF 50.1x 34.5x 23.4x 18.2x 26.8x 25x 19.9x 17x
FCF Yield 1.99% 2.9% 4.28% 5.5% 3.73% 4% 5.03% 5.9%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -0.4467 0.0667 -0.4533 -0.56 -0.69 0.9696 1.313 1.572
Distribution rate - - - - - - - -
Net sales 1 3,940 6,558 6,928 7,018 7,911 8,988 9,680 10,311
EBITDA 1 407 673 782 893 1,041 1,225 1,392 1,533
EBIT 1 324 587 690 820 937 1,126 1,285 1,419
Net income 1 -137 29 -161 -224 -288 414.9 579.3 689.3
Net Debt 1 579 2,182 1,848 2,254 1,847 2,314 1,458 537.8
Reference price 2 17.18 12.54 23.07 23.98 38.26 37.82 37.82 37.82
Nbr of stocks (in thousands) 336,938 350,860 353,339 412,164 415,906 432,160 - -
Announcement Date 1/3/22 28/2/23 28/2/24 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.($)
54.89x2.53x24.16x0.07% 95.45B
12.2x1.05x5.74x4.79% 70.02B
33.47x4.21x22.83x0.2% 57.13B
26.39x2.03x19.95x1.12% 56.41B
50.9x4.04x25.58x1.92% 39.78B
27.23x0.68x11.26x2.27% 34.07B
22.95x1.56x14.44x0.2% 33.16B
21.61x0.43x6.84x2.8% 29.31B
4.94x0.31x5.78x5.95% 26.35B
Average 28.29x 1.87x 15.18x 2.15% 49.08B
Weighted average by Cap. 31.63x 2.10x 16.69x 1.85%

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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