Professional
Added to YB: 2023-01-15
Pitch date: 2023-01-15
APG [bullish]
APi Group Corporation
+186.42%
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 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
$13.85
Price Target
N/A
Dividend
N/A
EV/EBITDA
16.94
P/E
103.07
EV/Sales
2.36
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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