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 14,904 - -
Change - 53.64% -26.67% -22.38% 1.56% 71.8% - -
Enterprise Value (EV) 1 16,976 20,216 16,106 13,961 12,652 18,163 17,705 17,040
Change - 19.08% -20.33% -13.32% -9.38% 43.55% -2.52% -3.76%
P/E 10.4x 4.24x 3.88x 10.2x 6.13x 7.4x 9.76x 9.44x
PBR -5.85x 34.4x 4.1x 1.6x 1.42x 2.01x 1.77x 1.68x
PEG - 0x -0.2x -0.1x 0.1x 0.2x -0.4x 2.79x
Capitalization / Revenue 1.23x 1.24x 1.34x 0.88x 0.94x 1.69x 1.89x 1.83x
EV / Revenue 2.14x 1.67x 1.97x 1.43x 1.37x 2.05x 2.24x 2.09x
EV / EBITDA 3.71x 2.96x 3.05x 2.36x 2.36x 2.94x 3.36x 3.28x
EV / EBIT 7.06x 3.31x 5.04x 7.34x 4.36x 4.76x 6.54x 6.62x
EV / FCF 7.12x 6.45x 20.2x 18.2x 12.4x 7.7x 10.9x 12.9x
FCF Yield 14% 15.5% 4.94% 5.51% 8.09% 13% 9.19% 7.72%
Dividend per Share 2 0.2375 0.75 1 1 1 1.003 1.025 1.084
Rate of return 0.88% 1.61% 2.79% 4.33% 4.09% 2.36% 2.41% 2.55%
EPS 2 2.59 11.02 9.25 2.27 3.99 5.746 4.358 4.506
Distribution rate 9.17% 6.81% 10.8% 44.1% 25.1% 17.5% 23.5% 24.1%
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 6,185 5,270 5,191
EBIT 1 2,405 6,113 3,195 1,902 2,904 3,812 2,708 2,573
Net income 1 973 3,674 2,855 804 1,434 2,061 1,461 1,434
Net Debt 1 7,208 5,208 5,101 5,419 3,977 3,259 2,801 2,136
Reference price 2 26.89 46.68 35.88 23.09 24.46 42.54 42.54 42.54
Nbr of stocks (in thousands) 3,63,274 3,21,512 3,06,719 3,69,947 3,54,669 3,50,352 - -
Announcement Date 21/02/22 23/02/23 21/02/24 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.($)
7.4x2.05x2.94x2.36% 1.49TCr
12.27x2.35x5.38x2.61% 16TCr
12.21x3.25x6.21x3.65% 10TCr
8.53x2.6x4.55x2.88% 7.52TCr
7.57x2.5x3.97x1.73% 5.91TCr
9.78x1.41x4.64x1.98% 5.83TCr
11.92x3.59x5.09x2.2% 5.54TCr
9.6x2.54x4.92x2.35% 5.44TCr
12.36x3.44x5.15x5.69% 4.4TCr
12.83x4.15x6.1x1.21% 3.41TCr
Average 10.45x 2.79x 4.90x 2.67% 6.53TCr
Weighted average by Cap. 10.86x 2.73x 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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