Apache Corp

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APA : NYSE : Basic Materials
$53.41 | %
Today's Range: 52.51 - 54.23
Avg. Daily Volume: 3346800.0
02/24/17 - 4:02 PM ET

Financial Analysis


APACHE CORP's gross profit margin for the fourth quarter of its fiscal year 2016 has significantly increased when compared to the same period a year ago. Sales and net income have grown, and although the growth in revenues has outpaced the average competitor within the industry, the net income growth has not.

At the same time, stockholders' equity ("net worth") has greatly increased by 143.10% from the same quarter last year.

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Income Statement Q4 FY16 Q4 FY15
Net Sales ($mil)1455.01221.0
EBITDA ($mil)712.0-7744.0
EBIT ($mil)-1.0-8639.0
Net Income ($mil)-182.0-7213.0


Balance Sheet Q4 FY16 Q4 FY15
Cash & Equiv. ($mil)1377.01467.0
Total Assets ($mil)22519.018842.0
Total Debt ($mil)8544.08778.0
Equity ($mil)6238.02566.0


Profitability Q4 FY16 Q4 FY15
Gross Profit Margin61.86-626.21
EBITDA Margin48.93-634.23
Operating Margin-0.07-707.53
Sales Turnover0.240.34
Return on Assets-6.23-71.91
Return on Equity-21.99-530.12
Debt Q4 FY16 Q4 FY15
Current Ratio1.762.04
Debt/Capital0.580.77
Interest Expense0.0116.0
Interest Coverage0.0-74.47


Share Data Q4 FY16 Q4 FY15
Shares outstanding (mil)379.43378.03
Div / share0.250.25
EPS-0.48-19.57
Book value / share16.446.79
Institutional Own % n/a n/a
Avg Daily Volume3321491.04386681.0

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 3.22 indicates valuation on par with the S&P 500 average of 2.96 and a significant discount versus the industry average of 28.52. 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 146.66   APA 8.27 Peers 12.37

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 24.87 Peers 32.65   APA NA Peers 0.78

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 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 3.22 Peers 28.52   APA 89.94 Peers -0.72

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.

 

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

APA is expected to have an earnings growth rate that significantly exceeds its peers.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
APA 3.75 Peers 2.64   APA -17.14 Peers -12.00

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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