Professional
Added to YB: 2022-10-01
Pitch date: 2022-10-01
APG [bullish]
APi Group Corporation
+342.3%
current return
Author Info
Greenhaven Road is a boutique hedge fund with the patience and confidence to step outside of the norm. Visit their website.
Company Info
APi Group Corporation provides safety and specialty services worldwide. The company offers end-to-end integrated occupancy systems, such as fire protection services; heating, ventilation, and air conditioning solutions; and entry systems, elevators, and escalators, including design, installation, inspection, and service of these integrated systems.
Market Cap
$15.5B
Pitch Price
$8.97
Price Target
N/A
Dividend
N/A
EV/EBITDA
16.94
P/E
103.07
EV/Sales
2.36
Sector
Construction and Engineering
Category
value
Greenhaven Road New Position - APi Group (APG)
APG: Fire safety inspection & repair co with 7% organic growth history, $3.2B record backlog. Chubb acquisition to boost margins. Approaching $1B normalized EBITDA vs $6.4B EV. Trades at 1/3 private market multiples despite asset-light biz & pricing power. Upside as market recognizes quality.
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