Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Australia
  4. Australian Stock Exchange
  5. APA Group
  6. News
  7. Summary
    APA   AU000000APA1

APA GROUP

(APA)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Morgan Stanley rates APA as Equal-weight

09/21/2021 | 08:31pm EST

APA Group has made a proposal for Ausnet Services in cash and shares. Morgan Stanley estimates the company needs $50-100m in operating synergies to maintain free cash flow per share at $0.88 based on the implications of the proposal.

Synergies are assessed to be around 12% of the Ausnet cost base without any head office rationalisation and tax consolidation. The broker considers the proposal consistent with APA Group's strategy.

The Equal-weight rating and $10.11 price target are retained. Industry view is Cautious.

Sector: Utilities.

Target price is $10.11.Current Price is $8.46. Difference: $1.65 - (brackets indicate current price is over target). If APA meets the Morgan Stanley target it will return approximately 16% (excluding dividends, fees and charges - negative figures indicate an expected loss).

© 2021 Acquisdata Pty Ltd., source FN Arena

Stocks mentioned in the article
ChangeLast1st jan.
APA GROUP -0.42% 9.43 End-of-day quote.-2.28%
AUSNET SERVICES LTD -0.40% 2.52 End-of-day quote.43.59%
MORGAN STANLEY -0.66% 98.21 Delayed Quote.43.31%
All news about APA GROUP
12/05APA : Developing Australia's first blueprint for state-wide hydrogen blending
PU
12/01Cooper Energy - Response to article in The Australian
AQ
11/30Cooper Energy Reportedly in Talks to Buy Orbost Gas Processing Plant from APA
CI
11/28APA : continues to focus on enhancing safety
PU
11/26APA : NGIP recognises the critical role of natural gas
PU
11/22APA Group Acquires Interest in Basslink Debt
MT
11/15APA : Notification regarding unquoted securities - APA
PU
11/05Pilot Energy Establishes Consortium for Blue Hydrogen and Carbon Capture Project
MT
11/03Consortium to investigate delivery of low cost hydrogen
PU
11/03Cooper Energy - Operations update
AQ
More news
Financials
Sales 2022 2 652 M 1 863 M 1 863 M
Net income 2022 313 M 220 M 220 M
Net Debt 2022 9 487 M 6 663 M 6 663 M
P/E ratio 2022 35,1x
Yield 2022 5,62%
Capitalization 11 126 M 7 812 M 7 814 M
EV / Sales 2022 7,77x
EV / Sales 2023 7,57x
Nbr of Employees 2 000
Free-Float 99,8%
Chart APA GROUP
Duration : Period :
APA Group Technical Analysis Chart | APA | AU000000APA1 | MarketScreener
Technical analysis trends APA GROUP
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 7
Last Close Price 9,43 AUD
Average target price 9,86 AUD
Spread / Average Target 4,55%
EPS Revisions
Managers and Directors
Robert Anthony Wheals Chief Executive Officer, Director & MD
Adam Watson Chief Financial Officer
Michael Anthony Fraser Chairman
Darren Rogers Group Executive Operations
Debra L. Goodin Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
APA GROUP-2.28%7 812
NATURGY ENERGY GROUP, S.A.29.22%26 575
ATMOS ENERGY CORPORATION-2.80%12 284
CHINA GAS HOLDINGS LIMITED-53.77%10 029
PETRONAS GAS BERHAD-2.44%7 839
GAIL INDIA LIMITED7.30%7 804