Professional
Added to YB: 2022-10-28
Pitch date: 2022-10-28
APG [bullish]
APi Group Corporation
+283.96%
current return
Author Info
No bio for this author
Company Info
APi Group Corporation provides fire and life safety, security, elevator and escalator, and specialty services worldwide.
Market Cap
$19.3B
Pitch Price
$10.99
Price Target
45.00 (+7%)
Dividend
N/A
EV/EBITDA
17.94
P/E
-64.61
EV/Sales
2.71
Sector
Construction and Engineering
Category
value
Maran Partners core holding: API Group (APG)
APG: API Group a leader in niche industries like fire safety & specialty contracting. Recurring rev, capital light biz est to grow EBITDA to near $1B (from $600-700M) via organic growth + margin expansion. Even at 10-13x EBITDA (vs comps at 18-20x) & net debt to $2B, stock could 2-3x to $35-45. Mgmt good operators & allocators.
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