Added to YB: 2026-09-15
Pitch date: 2026-09-12
APG [neutral]
APi Group Corporation
+0.41%
current return
Author Info
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Company Info
APi Group Corporation provides fire and life safety, security, elevator and escalator, and specialty services worldwide.
Market Cap
$16.4B
Pitch Price
$36.97
Price Target
28.01 (-26%)
Dividend
N/A
EV/EBITDA
14.75
P/E
-64.25
EV/Sales
2.29
Sector
Construction and Engineering
Category
value
[$APG] Priced for a Perfection That Doesn’t Exist
APG (watchlist): Keep APi Group on the watchlist rather than buy at roughly $37.50: mandated fire-safety inspections support ~37% gross margins, but growth increasingly relies on serial M&A and data-center projects with 16%-19% margins, 9-12+ month durations and cost-to-cost accounting. A five-year DCF using management’s targets yields $28.01 per share, or 25% downside; the key question is whether high-margin inspection work follows completed data-center projects.
Read full article (7 min)