APY's one year PEG ratio, measuring expected growth in earnings next year relative to current common stock price is 0.28 -- higher than merely 5.13% of US-listed equities with positive expected earnings growth.
Apergy Corp's stock had its IPO on May 9, 2018, making it an older stock than only 4.98% of US equities in our set.
In terms of twelve month growth in earnings before interest and taxes, Apergy Corp is reporting a growth rate of -477.18%; that's higher than just 3.53% of US stocks.
Stocks that are quantitatively similar to APY, based on their financial statements, market capitalization, and price volatility, are TIPT, RES, ECOL, AAN, and BCOR.
APY's SEC filings can be seen here. And to visit Apergy Corp's official web site, go to www.apergy.com.
Apergy provides various engineered technologies to drill for and produce oil and gas worldwide. The company is based in Woodlands, TX
APY Price Forecast Based on DCF Valuation
DCF Fair Value Target:
Below please find a table outlining a discounted cash flow forecast for APY, in which we model out valuation assuming a variety of terminal growth rates. To summarize, we found that Apergy Corp ranked in the 87th percentile in terms of potential gain offered. Moreover, under all the scenarios we modelled, the output consistently forecasted positive returns. The most interesting components of our discounted cash flow analysis for Apergy Corp ended up being:
The company's balance sheet shows it gets 59% of its capital from equity, and 41% of its capital from debt. Its equity weight surpasses that of 68.22% of free cash flow generating stocks in the Energy sector.
The company's compound free cash flow growth rate over the past 2.13 years comes in at 0.76%; that's greater than 89.36% of US stocks we're applying DCF forecasting to.
Apergy Corp's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at -15.66. This coverage rate is greater than that of merely 5.72% of stocks we're observing for the purpose of forecasting via discounted cash flows.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Energy that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as APY, try NBR, CVX, NCSM, GLOP, and NBLX.
ChampionX Corporation, formerly known as Apergy Corporation (“ChampionX” or “the Company”) (APY) announced today the completion of the merger of the businesses of Apergy Corporation and ChampionX Holding Inc., the former upstream energy business of Ecolab Inc. In association with this transaction, Apergy Corporation has changed its name to ChampionX Corporation, and beginning tomorrow its shares of common stock will trade on the New York Stock Exchange under the symbol “CHX”. "Today we are proud to launch ChampionX, a company that will be an essential player and long-term winner in the oil and gas industry,” said Sivasankaran “Soma” Somasundaram, President and Chief Executive Officer of ChampionX.
Apergy Corporation (“Apergy”) (APY) today announced its shareholders voted at the Special Meeting of Shareholders to approve the issuance of shares of Apergy common stock in connection with the pending combination of the ChampionX business with Apergy through a merger of Athena Merger Sub, Inc., a wholly owned subsidiary of Apergy, with ChampionX Holding Inc., a wholly owned subsidiary of Ecolab Inc. The merger is expected to be completed in the second quarter of this year, subject to remaining closing conditions. The transaction is immediately deleveraging and will result in a stronger, more diversified, and more resilient company to navigate the current downturn.
NOTE: On May 19, 2020, the press release was corrected as follows: In the first sentence of the first paragraph, the maturity date for ChampionX Holding Inc.'s senior secured Term Loan B facility was changed to 2027. New York, May 18, 2020 -- Moody's Investors Service, ("Moody's") assigned a Ba2 rating to ChampionX Holding Inc.'s (ChampionX) new $537 million senior secured Term Loan B facility due 2027 (Champion X term loan).
Moody's Investors Service, ("Moody's") assigned a Ba2 rating to ChampionX Holding Inc.'s (ChampionX) new $537 million senior secured Term Loan B facility due 2026 (Champion X term loan). The proceeds of this issuance will be used to pay Ecolab Inc (Ecolab, Baa1 positive) for its upstream business segment which will be separated from Ecolab and combined with Apergy.