Professional
Added to YB: 2024-07-29
Pitch date: 2024-07-13
APG [bullish]
APi Group Corporation
+56.06%
current return
Author Info
Laughing Water Capital is a boutique investment partnership. Our partners believe that careful analysis of a select group of businesses can lead to above average investment returns for equity investors. Our small size and patient approach give us an advantage that cannot be matched by traditional asset managers or hedge funds that are focused on the day to day gyrations of the stock market, rather than the fundamental value of businesses. 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
$25.41
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
Laughing Water Capital Portfolio Holding: APi Group Corporation
APG: Fire safety & elevator services co. 60% recurring rev from mandated inspections. Margin expansion via selective contracts & M&A. Recent elevator acquisition opens cross-sell opportunities. Non-discretionary nature & bolt-on M&A potential support long-term compounding. Revenue noise from contract selectivity mostly resolved. Focus on statutory, recurring work.
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