Apache Corp

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APA : NYSE : Basic Materials
$47.14 up 0.93 | 2.01%
Today's Range: 46.29 - 47.48
Avg. Daily Volume: 3813300.0
06/28/17 - 4:01 PM ET

Financial Analysis


APACHE CORP's gross profit margin for the first quarter of its fiscal year 2017 has increased when compared to the same period a year ago. The company grew its sales and net income significantly quarter versus same quarter a year prior, and was able to outpace the average competitor in the industry when comparing revenue growth, but not when comparing net income growth. APACHE CORP has average liquidity. Currently, the Quick Ratio is 1.42 which shows that technically this company has the ability to cover short-term cash needs. The company's liquidity has increased from the same period last year, indicating improving cash flow.

At the same time, stockholders' equity ("net worth") has greatly increased by 216.40% from the same quarter last year. Together, the key liquidity measurements indicate that it is relatively unlikely that the company will face financial difficulties in the near future.

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Income Statement Q1 FY17 Q1 FY16
Net Sales ($mil)1512.01087.0
EBITDA ($mil)874.0458.0
EBIT ($mil)262.0-258.0
Net Income ($mil)213.0-372.0


Balance Sheet Q1 FY17 Q1 FY16
Cash & Equiv. ($mil)1521.01004.0
Total Assets ($mil)22610.017679.0
Total Debt ($mil)8477.08719.0
Equity ($mil)6385.02018.0


Profitability Q1 FY17 Q1 FY16
Gross Profit Margin70.759.43
EBITDA Margin57.842.13
Operating Margin17.33-23.74
Sales Turnover0.260.34
Return on Assets-3.62-53.11
Return on Equity-12.32-501.48
Debt Q1 FY17 Q1 FY16
Current Ratio1.812.02
Debt/Capital0.570.81
Interest Expense118.0117.0
Interest Coverage2.22-2.21


Share Data Q1 FY17 Q1 FY16
Shares outstanding (mil)380.44378.53
Div / share0.250.25
EPS0.56-0.98
Book value / share16.785.33
Institutional Own % n/a n/a
Avg Daily Volume3745827.03600962.0

Valuation


SELL. The current P/E ratio is negative, which has no meaningful value in the assessment of premium or discount valuation, it simply displays that the company has negative earnings. To use another comparison, its price-to-book ratio of 2.72 indicates a discount versus the S&P 500 average of 3.09 and a significant discount versus the industry average of 80.37. The price-to-sales ratio is well above both the S&P 500 average and the industry average, indicating a premium. The valuation analysis reveals that, APACHE CORP seems to be trading at a premium to investment alternatives within the industry.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
APA NM Peers 50.87   APA 6.64 Peers 14.93

Neutral. The absence of a valid P/E ratio happens when a stock can not be valued on the basis of a negative stream of earnings.

APA's P/E is negative making this valuation measure meaningless.

 

Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures.

APA is trading at a significant discount to its peers.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
APA 31.15 Peers 23.67   APA NA Peers 0.54

Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations.

APA is trading at a significant premium to its peers.

 

Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples.

Ratio not available.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
APA 2.72 Peers 80.37   APA 92.24 Peers 98.98

Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.

APA is trading at a significant discount to its peers.

 

Average. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.

APA is expected to keep pace with its peers on the basis of earnings growth.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
APA 3.00 Peers 2.12   APA -2.46 Peers 7.09

Premium. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales.

APA is trading at a significant premium to its industry.

 

Lower. A sales growth rate that trails the industry implies that a company is losing market share.

APA significantly trails its peers on the basis of sales growth

 

 

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