Professional
Added to YB: 2024-07-29
Pitch date: 2024-07-26
APG [bullish]
APi Group Corporation
+58.34%
current return
Author Info
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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
$24.83
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
Greystone Capital Management Portfolio Holding: APi Group Corporation
APG: Fire safety services focus (70% of biz), recession-resistant. 15% EBITDA margin by 2027 (200bps above mgmt target), $9B rev (6% growth). 80% EBITDA to FCF conversion. 13x FCF at current price. 25 acquisitions since IPO, 300 more in pipeline. Organic growth, M&A, pricing & deleveraging driving upside. Recent Elevated Facility Services acquisition boosts recurring revenue.
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