Api Group Intrinsic Stock Value – Thornburg Investment Management Sells Shares of API Group Co. in 2023.
March 19, 2023
Trending News ☀️
In 2023, Thornburg Investment Management Inc. made the decision to sell shares of API ($NYSE:APG) Group Co. This move comes as a surprise to many, as Thornburg had previously held a large position in the company.
However, the company believes that their resources are better utilized elsewhere, and have chosen to divest their stake in API Group Co. They specialize in a wide range of industries, including industrial and manufacturing, agriculture, and construction. Analysts believe that the company will benefit from increased visibility and a new wave of investor confidence.
Additionally, the sale could attract more investors who are looking for long-term growth opportunities in the industry. It is expected that the company will continue to perform well in the years ahead, and that its stock will continue to rise as a result of the divestiture.
Share Price
So far, news and sentiment surrounding the announcement have been largely positive. On Monday, the stock of API Group Co. opened at $21.1 and closed at $21.5, representing a slight decrease of 0.3% from the prior closing price of $21.6. Despite this minor dip, analysts remain optimistic that the move made by Thornburg Investment Management Inc. will be beneficial in the long run. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Api Group. More…
| Total Revenues | Net Income | Net Margin |
| 6.56k | 29 | 0.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Api Group. More…
| Operations | Investing | Financing |
| 270 | -2.9k | 1.76k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Api Group. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 8.09k | 5.17k | 12.53 |
Key Ratios Snapshot
Some of the financial key ratios for Api Group are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 15.2% | 0.0% | 3.3% |
| FCF Margin | ROE | ROA |
| 2.9% | 4.6% | 1.7% |
Analysis – Api Group Intrinsic Stock Value
At GoodWhale, we have conducted an analysis of API GROUP to evaluate the intrinsic value of their shares. Our proprietary Valuation Line reveals that the intrinsic value of a share of API GROUP is estimated to be around $24.3. Currently, the stock of API GROUP is being traded at $21.5, making it a fair price that is undervalued by 11.5%. Our analysis indicates that this is a good time to buy shares of API GROUP, as it is presenting a favorable opportunity for investors. More…
Peers
In the engineering and construction industry, APi Group Corp competes with Primoris Services Corp, MasTec Inc, and SPIE SA. All four companies are large, international firms that provide a variety of engineering, construction, and maintenance services. While all four companies are fierce competitors, APi Group Corp has consistently been one of the top performers in the industry.
– Primoris Services Corp ($NASDAQ:PRIM)
Primoris Services Corporation is a leading provider of specialty contracting services operating in the United States, Canada, and Mexico. The company’s specialty contracting services include pipeline construction and maintenance, facilities construction, civil construction, offshore pipeline construction, and direct hire construction. The company’s operations are organized into three business segments: Specialty Contracting, Engineering, and Power. The company’s Specialty Contracting segment is the largest and most diversified segment, providing a full range of services to major oil and gas companies, midstream operators, utilities, and other customers. The company’s Engineering segment provides engineering, procurement, and construction management services to the power generation, petrochemical, refining, and other industries. The company’s Power segment provides power plant operations, maintenance, and other services to the electric utility industry.
– MasTec Inc ($NYSE:MTZ)
MasTec Inc is a publicly traded infrastructure engineering and construction company in the United States. The company operates in five segments: Utility Transmission, Oil and Gas, Electrical Transmission, Wireless Transmission, and Industrial. MasTec’s Utility Transmission segment focuses on the engineering, procurement and construction of electric utility transmission lines and substations. The Oil and Gas segment provides a range of services for the exploration, development, production, gathering and transportation of oil and gas. The Electrical Transmission segment focuses on the engineering, procurement and construction of high-voltage power lines and substations. The Wireless Transmission segment focuses on the design, installation and maintenance of wireless communications systems. The Industrial segment provides a range of services for the construction of industrial plants and facilities.
– SPIE SA ($LTS:0R8M)
SPIE SA is a French-based company that provides services for the oil and gas industry. The company has a market capitalization of 3.84 billion as of 2022 and a return on equity of 12.83%. SPIE SA is involved in the exploration, production, and transportation of oil and gas. The company also provides services for the mining industry.
Summary
API Group Co. is a promising investment opportunity for those looking to make substantial gains in the near future. In 2023, Thornburg Investment Management Inc. has already sold its shares in the company, suggesting that the market is optimistic about the company’s prospects. Analysts have highlighted a number of positives, such as the company’s strong performance over the past year, its high return on investment and low debt-equity ratio.
Additionally, the company has a number of growth strategies in place to capitalize on potential future opportunities and expand its operations. All in all, API Group appears to be an attractive long-term investment for those seeking to diversify their portfolios and maximize profits.
