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 15,671 - -
Change - 53.64% -26.67% -22.38% 1.56% 80.64% - -
Enterprise Value (EV) 1 16,976 20,216 16,106 13,961 12,652 18,734 18,109 17,585
Change - 19.08% -20.33% -13.32% -9.38% 48.07% -3.34% -2.89%
P/E 10.4x 4.24x 3.88x 10.2x 6.13x 7.33x 9.54x 9.5x
PBR -5.85x 34.4x 4.1x 1.6x 1.42x 2.12x 1.86x 1.79x
PEG - 0x -0.2x -0.1x 0.1x 0.1x -0.4x 24.07x
Capitalization / Revenue 1.23x 1.24x 1.34x 0.88x 0.94x 1.73x 1.91x 1.86x
EV / Revenue 2.14x 1.67x 1.97x 1.43x 1.37x 2.06x 2.21x 2.08x
EV / EBITDA 3.71x 2.96x 3.05x 2.36x 2.36x 2.93x 3.34x 3.44x
EV / EBIT 7.06x 3.31x 5.04x 7.34x 4.36x 4.62x 6.19x 6.34x
EV / FCF 7.12x 6.45x 20.2x 18.2x 12.4x 7.38x 10.4x 12x
FCF Yield 14% 15.5% 4.94% 5.51% 8.09% 13.5% 9.6% 8.35%
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% 2.25% 2.29% 2.4%
EPS 2 2.59 11.02 9.25 2.27 3.99 6.101 4.69 4.708
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 9,078 8,199 8,443
EBITDA 1 4,573 6,838 5,275 5,918 5,359 6,397 5,420 5,106
EBIT 1 2,405 6,113 3,195 1,902 2,904 4,059 2,926 2,772
Net income 1 973 3,674 2,855 804 1,434 2,172 1,563 1,499
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 44.73 44.73 44.73
Nbr of stocks (in thousands) 363,274 321,512 306,719 369,947 354,669 350,352 - -
Announcement Date 2/21/22 A 2/23/23 A 2/21/24 A 2/26/25 A 2/25/26 A - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.97x2.47x5.62x2.47% 165B
12.42x3.31x6.34x3.59% 103B
8.69x2.66x4.63x2.8% 77.29B
9.94x1.48x4.81x1.9% 61.01B
7.55x2.58x4.1x1.67% 61.44B
9.7x2.67x5.21x2.21% 57.76B
12.36x3.7x5.26x2.13% 57.4B
12.35x3.45x5.21x5.71% 44.8B
12.79x4.11x6.1x1.22% 33.82B
Average 10.97x 2.94x 5.25x 2.63% 73.5B
Weighted average by Cap. 11.21x 2.82x 5.33x 2.66%

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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