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 15,659 - -
Change - 53.64% -26.67% -22.38% 1.56% 80.5% - -
Enterprise Value (EV) 1 16,976 20,216 16,106 13,961 12,652 19,052 18,460 17,795
Change - 19.08% -20.33% -13.32% -9.38% 50.58% -3.11% -3.6%
P/E 10.4x 4.24x 3.88x 10.2x 6.13x 7.7x 10x 10.4x
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 0.2x -0.4x -2.77x
Capitalization / Revenue 1.23x 1.24x 1.34x 0.88x 0.94x 1.77x 1.98x 1.92x
EV / Revenue 2.14x 1.67x 1.97x 1.43x 1.37x 2.15x 2.34x 2.19x
EV / EBITDA 3.71x 2.96x 3.05x 2.36x 2.36x 3.03x 3.46x 3.5x
EV / EBIT 7.06x 3.31x 5.04x 7.34x 4.36x 4.94x 6.69x 6.92x
EV / FCF 7.12x 6.45x 20.2x 18.2x 12.4x 7.69x 10.6x 12.5x
FCF Yield 14% 15.5% 4.94% 5.51% 8.09% 13% 9.39% 7.99%
Dividend per Share 2 0.2375 0.75 1 1 1 1.007 1.025 1.082
Rate of return 0.88% 1.61% 2.79% 4.33% 4.09% 2.25% 2.29% 2.42%
EPS 2 2.59 11.02 9.25 2.27 3.99 5.808 4.47 4.302
Distribution rate 9.17% 6.81% 10.8% 44.1% 25.1% 17.3% 22.9% 25.2%
Net sales 1 7,928 12,132 8,192 9,737 9,220 8,844 7,889 8,135
EBITDA 1 4,573 6,838 5,275 5,918 5,359 6,281 5,336 5,089
EBIT 1 2,405 6,113 3,195 1,902 2,904 3,859 2,759 2,573
Net income 1 973 3,674 2,855 804 1,434 2,089 1,490 1,361
Net Debt 1 7,208 5,208 5,101 5,419 3,977 3,393 2,801 2,136
Reference price 2 26.89 46.68 35.88 23.09 24.46 44.70 44.70 44.70
Nbr of stocks (in thousands) 363,274 321,512 306,719 369,947 354,669 350,352 - -
Announcement Date 2/21/22 2/23/23 2/21/24 2/26/25 2/25/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
8.04x2.12x3.04x2.26% 15.52B
12.82x2.45x5.6x2.49% 164B
12.91x3.42x6.54x3.46% 107B
8.83x2.69x4.71x2.78% 77.81B
7.81x2.57x4.08x1.68% 60.93B
10.27x1.48x4.86x1.89% 61.15B
12.25x3.67x5.2x2.14% 56.89B
9.66x2.62x5.07x2.26% 56.4B
12.49x3.46x5.2x5.63% 44.48B
5.6x1.63x3.92x4.82% 35.66B
Average 10.07x 2.61x 4.82x 2.94% 67.93B
Weighted average by Cap. 10.88x 2.69x 5.19x 2.83%

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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