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 17,152 - -
Change - -23.99% 85.24% 21.27% 61% 7.79% - -
Enterprise Value (EV) 1 6,368 6,582 9,998 12,138 17,760 19,466 18,611 17,690
Change - 3.36% 51.91% 21.4% 46.32% 9.61% -4.39% -4.95%
P/E -38.5x 188x -50.9x -42.8x -55.4x 40.9x 30.2x 25.2x
PBR 2.54x 1.5x 3.28x 3.35x 4.67x 4.52x 3.85x 3.31x
PEG - -2x 0x -1.8x -2.4x -0x 0.9x 1.3x
Capitalization / Revenue 1.47x 0.67x 1.18x 1.41x 2.01x 1.91x 1.77x 1.66x
EV / Revenue 1.62x 1x 1.44x 1.73x 2.24x 2.17x 1.92x 1.72x
EV / EBITDA 15.6x 9.78x 12.8x 13.6x 17.1x 15.9x 13.4x 11.5x
EV / EBIT 19.7x 11.2x 14.5x 14.8x 19x 17.3x 14.5x 12.5x
EV / FCF 50.1x 34.5x 23.4x 18.2x 26.8x 26.1x 20.8x 17.8x
FCF Yield 1.99% 2.9% 4.28% 5.5% 3.73% 3.83% 4.81% 5.63%
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 8,984 9,675 10,311
EBITDA 1 407 673 782 893 1,041 1,224 1,391 1,533
EBIT 1 324 587 690 820 937 1,125 1,283 1,419
Net income 1 -137 29 -161 -224 -288 414.9 578.7 689.3
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 39.69 39.69 39.69
Nbr of stocks (in thousands) 336,938 350,860 353,339 412,164 415,906 432,160 - -
Announcement Date 01/03/22 28/02/23 28/02/24 26/02/25 25/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
52.61x2.41x23.03x0.07% 90.61B
12.58x1.07x5.88x4.65% 73.54B
27.06x2.07x20.34x1.12% 58.17B
31.27x3.92x21.26x0.22% 53.36B
52.3x4.2x26.71x1.7% 42.45B
29.64x0.73x12.09x2.09% 37.23B
22.6x1.54x14.21x0.2% 32.65B
24.15x0.49x7.79x2.44% 33.25B
4.54x0.3x6x6.2% 27.39B
Average 28.53x 1.86x 15.26x 2.08% 49.85B
Weighted average by Cap. 31.03x 2.02x 16.29x 1.86%

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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