Professional
Added to YB: 2023-01-15
Pitch date: 2023-01-15
APG [bullish]
APi Group Corporation
+204.84%
current return
Author Info
1 Main Capital is a long-biased investment partnership that invests primarily in high-quality, attractively valued, growing businesses. Visit their fund website.
Company Info
APi Group Corporation provides fire and life safety, security, elevator and escalator, and specialty services worldwide.
Market Cap
$19.3B
Pitch Price
$13.85
Price Target
N/A
Dividend
N/A
EV/EBITDA
17.94
P/E
-64.61
EV/Sales
2.71
Sector
Construction and Engineering
Category
growth
1 Main Holdings added to position: APi Group (APG)
APG: Safety & specialty services provider. 50% recurring rev post-Chubb acq, adding geo diversification (30% Europe, 10% APAC). Resilient in downturns, strong cash conversion to de-lever. Target $2.25-$2.50 EPS by 2027, potential double at market multiple by 2026. 4yr 3x return.
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