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Apache

DB:APA
Snowflake Description

Fair value with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
APA
DB
$3B
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Apache Corporation, an independent energy company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids (NGLs). The last earnings update was 41 days ago. More info.


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  • Apache has significant price volatility in the past 3 months.
APA Share Price and Events
7 Day Returns
44.5%
DB:APA
8.7%
DE Oil and Gas
4.3%
DE Market
1 Year Returns
-80.1%
DB:APA
34.4%
DE Oil and Gas
-14.2%
DE Market
APA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Apache (APA) 44.5% -30% -78.6% -80.1% -87.7% -90.6%
DE Oil and Gas 8.7% -2.8% -19.4% 34.4% -14.7% 157%
DE Market 4.3% -9% -21.6% -14.2% -19.6% -25.6%
1 Year Return vs Industry and Market
  • APA underperformed the Oil and Gas industry which returned 34.4% over the past year.
  • APA underperformed the Market in Germany which returned -14.2% over the past year.
Price Volatility
APA
Industry
5yr Volatility vs Market

Value

 Is Apache undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Apache to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Apache.

DB:APA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 18 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:APA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.97
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.972 (1 + (1- 21%) (312.22%))
2.588
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (2 * 5.44%)
10.49%

Discounted Cash Flow Calculation for DB:APA using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Apache is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:APA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.49%)
2020 236.20 Analyst x4 213.78
2021 475.73 Analyst x4 389.68
2022 775.65 Analyst x2 575.04
2023 676.30 Analyst x1 453.78
2024 674.50 Analyst x1 409.61
2025 672.56 Est @ -0.29% 369.65
2026 670.41 Est @ -0.32% 333.49
2027 668.13 Est @ -0.34% 300.80
2028 665.76 Est @ -0.36% 271.28
2029 663.32 Est @ -0.37% 244.62
Present value of next 10 years cash flows $3,561.00
DB:APA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $663.32 × (1 + -0.39%) ÷ (10.49% – -0.39%)
$6,072.96
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $6,072.96 ÷ (1 + 10.49%)10
$2,239.60
DB:APA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $3,561.00 + $2,239.60
$5,800.60
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $5,800.60 / 377.42
$15.37
DB:APA Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:APA represents 0.81794x of NYSE:APA
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.81794x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 15.37 x 0.81794
€12.57
Value per share (EUR) From above. €12.57
Current discount Discount to share price of €6.20
= -1 x (€6.20 - €12.57) / €12.57
50.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Apache is available for.
Intrinsic value
>50%
Share price is €6.2 vs Future cash flow value of €12.57
Current Discount Checks
For Apache to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Apache's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Apache's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Apache's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Apache's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:APA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $-9.42
NYSE:APA Share Price ** NYSE (2020-04-08) in USD $7.58
Europe Oil and Gas Industry PE Ratio Median Figure of 104 Publicly-Listed Oil and Gas Companies 6.5x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 17.07x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Apache.

DB:APA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:APA Share Price ÷ EPS (both in USD)

= 7.58 ÷ -9.42

-0.8x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Apache is loss making, we can't compare its value to the Europe Oil and Gas industry average.
  • Apache is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Apache's expected growth come at a high price?
Raw Data
DB:APA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.8x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 18 Analysts
88.2%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 66 Publicly-Listed Oil and Gas Companies 0.32x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.24x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Apache, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Apache's assets?
Raw Data
DB:APA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $8.66
NYSE:APA Share Price * NYSE (2020-04-08) in USD $7.58
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 1.01x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.47x
DB:APA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:APA Share Price ÷ Book Value per Share (both in USD)

= 7.58 ÷ 8.66

0.88x

* Primary Listing of Apache.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Apache is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Apache's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Apache has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Apache expected to perform in the next 1 to 3 years based on estimates from 18 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
88.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Apache expected to grow at an attractive rate?
  • Apache's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Apache's earnings growth is expected to exceed the Germany market average.
  • Apache's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:APA Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:APA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 18 Analysts 88.2%
DB:APA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 18 Analysts -6.3%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13.8%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 1.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:APA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 18 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:APA Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 5,005 3,737 362 2
2023-12-31 5,031 2,893 250 3
2022-12-31 4,537 2,079 -153 5
2021-12-31 4,080 1,668 -523 11
2020-12-31 4,002 1,545 -876 12
2020-04-09
DB:APA Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 6,213 2,867 -3,553
2019-09-30 6,256 3,132 -958
2019-06-30 6,782 3,503 -707
2019-03-31 7,140 3,760 -152
2018-12-31 7,216 3,777 40
2018-09-30 7,197 3,402 877
2018-06-30 6,581 2,950 859
2018-03-31 5,993 2,588 1,236
2017-12-31 5,792 2,428 1,304
2017-09-30 5,646 2,556 666
2017-06-30 5,690 2,653 29
2017-03-31 5,691 2,646 -787

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Apache's earnings are expected to grow significantly at over 20% yearly.
  • Apache's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:APA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 18 Analyst Estimates (S&P Global) See Below

All data from Apache Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:APA Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31 2.09 5.18 -0.11 3.00
2023-12-31 1.14 3.89 -0.07 4.00
2022-12-31 -0.01 2.96 -1.19 7.00
2021-12-31 -1.26 0.99 -4.65 14.00
2020-12-31 -2.27 -0.04 -4.18 15.00
2020-04-09
DB:APA Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 -9.42
2019-09-30 -2.54
2019-06-30 -1.87
2019-03-31 -0.40
2018-12-31 0.10
2018-09-30 2.29
2018-06-30 2.25
2018-03-31 3.24
2017-12-31 3.42
2017-09-30 1.75
2017-06-30 0.08
2017-03-31 -2.07

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Apache will efficiently use shareholders’ funds in the future (Return on Equity greater than 20%) as it is not expected to be profitable.
X
Future performance checks
We assess Apache's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Apache has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Apache performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Apache's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Apache does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Apache's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Apache's 1-year growth to the Europe Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Apache's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Apache Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:APA Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 6,213.00 -3,553.00 592.00
2019-09-30 6,256.00 -958.00 684.00
2019-06-30 6,782.00 -707.00 701.00
2019-03-31 7,140.00 -152.00 715.00
2018-12-31 7,216.00 40.00 720.00
2018-09-30 7,197.00 877.00 679.00
2018-06-30 6,581.00 859.00 689.00
2018-03-31 5,993.00 1,236.00 692.00
2017-12-31 5,792.00 1,304.00 698.00
2017-09-30 5,646.00 666.00 712.00
2017-06-30 5,690.00 29.00 692.00
2017-03-31 5,691.00 -787.00 645.00
2016-12-31 5,238.00 -1,372.00 611.00
2016-09-30 4,877.00 -5,832.00 637.00
2016-06-30 5,050.00 -9,384.00 601.00
2016-03-31 5,676.00 -10,120.00 661.00
2015-12-31 6,360.00 -10,844.00 689.00
2015-09-30 7,843.00 -9,944.00 594.00
2015-06-30 9,344.00 -6,992.00 592.00
2015-03-31 10,773.00 -5,563.00 517.00
2014-12-31 12,249.00 -6,653.00 976.00
2014-09-30 13,381.00 101.00 455.00
2014-06-30 14,491.00 1,704.00 464.00
2014-03-31 14,986.00 2,273.00 478.00
2013-12-31 14,514.00 1,880.00 481.00
2013-09-30 16,514.00 2,855.00 506.00
2013-06-30 16,420.00 2,587.00 510.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Apache has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Apache has efficiently used its assets last year compared to the Europe Oil and Gas industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Apache improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Apache's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Apache has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Apache's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Apache's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Apache is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Apache's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Apache's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Apache Company Filings, last reported 3 months ago.

DB:APA Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 5,123.00 8,518.00 247.00
2019-09-30 8,505.00 8,355.00 163.00
2019-06-30 8,769.00 8,269.00 549.00
2019-03-31 8,609.00 8,365.00 327.00
2018-12-31 8,812.00 8,204.00 714.00
2018-09-30 8,946.00 8,203.00 593.00
2018-06-30 8,995.00 8,337.00 972.00
2018-03-31 8,869.00 8,336.00 1,077.00
2017-12-31 8,791.00 8,484.00 1,668.00
2017-09-30 8,377.00 8,483.00 1,846.00
2017-06-30 8,265.00 8,479.00 1,667.00
2017-03-31 7,823.00 8,477.00 1,521.00
2016-12-31 7,679.00 8,544.00 1,377.00
2016-09-30 7,949.00 8,722.00 1,230.00
2016-06-30 8,696.00 8,720.00 1,201.00
2016-03-31 3,554.00 8,719.00 1,004.00
2015-12-31 9,490.00 8,717.00 1,467.00
2015-09-30 11,972.00 8,777.00 1,655.00
2015-06-30 17,755.00 9,676.00 2,950.00
2015-03-31 23,405.00 12,273.00 229.00
2014-12-31 28,137.00 11,245.00 769.00
2014-09-30 32,986.00 10,922.00 510.00
2014-06-30 34,892.00 9,675.00 524.00
2014-03-31 35,177.00 9,673.00 1,643.00
2013-12-31 35,393.00 9,725.00 1,906.00
2013-09-30 32,981.00 10,925.00 1,251.00
2013-06-30 32,721.00 12,775.00 184.00
  • Apache's level of debt (166.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (40.1% vs 166.3% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Information is not available.
  • Unable to confirm if Apache has at least 1 year of cash runway based on growing free cash flows without relevant data.
X
Financial health checks
We assess Apache's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Apache has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Apache's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.32%
Current annual income from Apache dividends. Estimated to be 3.47% next year.
If you bought €2,000 of Apache shares you are expected to receive €26 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Apache's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.63%).
  • Apache's dividend is below the markets top 25% of dividend payers in Germany (4.61%).
Upcoming dividend payment

Purchase Apache before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:APA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 18 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 8.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.6%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
Germany Top 25% Dividend Yield 75th Percentile 4.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:APA Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 0.12 5.00
2021-12-31 0.13 7.00
2020-12-31 0.44 9.00
2020-04-09
DB:APA Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-02-07 0.100 1.144
2019-12-19 1.000 3.513
2019-09-12 1.000 4.398
2019-05-23 1.000 4.037
2019-02-08 1.000 3.014
2018-12-13 1.000 3.336
2018-09-13 1.000 2.530
2018-05-24 1.000 2.283
2018-02-12 1.000 2.592
2017-12-14 1.000 2.296
2017-09-13 1.000 2.360
2017-05-12 1.000 2.200
2017-02-13 1.000 1.945
2016-12-14 1.000 1.608
2016-09-15 1.000 1.616
2016-08-04 1.000 1.898
2016-02-04 1.000 1.998
2015-12-17 1.000 2.512
2015-09-17 1.000 2.208
2015-05-21 1.000 2.007
2015-02-20 1.000 1.555
2014-12-18 1.000 1.577
2014-09-18 1.000 1.357
2014-05-15 1.000 1.023
2014-02-06 1.000 1.200
2013-11-18 0.800 0.927
2013-09-19 0.800 0.902
2013-05-22 0.800 0.963
2013-02-12 0.800 1.056
2012-11-19 0.680 0.851
2012-09-28 0.680 0.820
2012-05-30 0.680 0.791
2012-02-09 0.680 0.704
2011-11-21 0.600 0.631
2011-09-20 0.600 0.651
2011-05-18 0.600 0.535
2011-02-22 0.600 0.484
2010-11-22 0.600 0.508
2010-09-24 0.600 0.582
2010-05-12 0.600 0.657
2010-03-11 0.600 0.579
2009-12-11 0.600 0.580
2009-08-17 0.600 0.639
2009-05-14 0.600 0.765

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Apache's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • The company is expected to pay a dividend in 3 years whilst incurring a loss, therefore the dividend is not expected to be well covered.
X
Income/ dividend checks
We assess Apache's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Apache afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Apache has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Apache's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
John Christmann
COMPENSATION $15,201,447
AGE 52
TENURE AS CEO 5.3 years
CEO Bio

Mr. John J. Christmann, IV, has been the Chief Executive Officer and President at Apache Corporation since January 20, 2015. Mr. Christmann served as an Executive Vice President and Chief Operating Officer of North America at Apache Corporation since January 01, 2014. He served as Region Vice President for the Permian at Apache Corporation from January 2010 to December 2013. He served as Vice President of Business Development at Apache Corporation from January 12, 2004 to December 2009. He joined Apache in 1997 and served in various positions of increasing responsibility in business development and also as Production Manager of the Gulf Coast Region since April 2003. Previously, he was employed by Vastar Resources/ARCO Oil and Gas Company in business development, crude oil marketing and various engineering and operations assignments. He has been a Director of Apache Corporation since January 20, 2015. Mr. Christmann holds a Bachelor's Degree in Petroleum Engineering from Colorado School of Mines and an M.B.A. from Southern Methodist University's Cox School of Business.

CEO Compensation
  • John's compensation has increased whilst company is loss making.
  • John's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Apache management team in years:

4.9
Average Tenure
54.5
Average Age
  • The tenure for the Apache management team is about average.
Management Team

John Christmann

TITLE
CEO, President & Director
COMPENSATION
$15M
AGE
52
TENURE
5.3 yrs

Steve Riney

TITLE
Executive VP & CFO
COMPENSATION
$6M
AGE
58
TENURE
5.1 yrs

P. Lannie

TITLE
Executive VP & General Counsel
COMPENSATION
$4M
AGE
65
TENURE
17.1 yrs

Tim Sullivan

TITLE
Executive Vice President of Operations Support
COMPENSATION
$4M
AGE
63
TENURE
4.3 yrs

Grady Ables

TITLE
Senior Region Vice President of North Sea
COMPENSATION
$4M
AGE
57
TENURE
3.8 yrs

David Bretches

TITLE
Executive Vice President of Operations
AGE
54
TENURE
0.3 yrs

Becky Hoyt

TITLE
Senior VP
AGE
55
TENURE
9.4 yrs

Mark Maddox

TITLE
Senior VP of Supply Chain & Chief Information Officer
AGE
52
TENURE
3.3 yrs

Gary Clark

TITLE
Vice President of Investor Relations
AGE
48
TENURE
5.7 yrs

Castlen Kennedy

TITLE
Vice President of Corporate Communications & Public Affairs
AGE
40
TENURE
4.8 yrs
Board of Directors Tenure

Average tenure and age of the Apache board of directors in years:

5.3
Average Tenure
60
Average Age
  • The tenure for the Apache board of directors is about average.
Board of Directors

John Lowe

TITLE
Non-Executive Chairman
COMPENSATION
$500K
AGE
60
TENURE
4.9 yrs

John Christmann

TITLE
CEO, President & Director
COMPENSATION
$15M
AGE
52
TENURE
5.3 yrs

Chansoo Joung

TITLE
Independent Director
COMPENSATION
$320K
AGE
58
TENURE
9.2 yrs

Bill Montgomery

TITLE
Independent Director
COMPENSATION
$320K
AGE
57
TENURE
8.6 yrs

Annell Bay

TITLE
Independent Director
COMPENSATION
$315K
AGE
63
TENURE
5.9 yrs

Amy Nelson

TITLE
Independent Director
COMPENSATION
$305K
AGE
49
TENURE
6.2 yrs

Peter Ragauss

TITLE
Independent Director
COMPENSATION
$305K
AGE
61
TENURE
5.3 yrs

Dan Rabun

TITLE
Independent Director
COMPENSATION
$300K
AGE
64
TENURE
4.9 yrs

Rene Joyce

TITLE
Independent Director
COMPENSATION
$300K
AGE
71
TENURE
2.9 yrs

Juliet Ellis

TITLE
Independent Director
TENURE
0.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
07. Aug 19 Buy John Lowe Individual 07. Aug 19 07. Aug 19 5,000 €19.44 €97,181
03. Jun 19 Buy W. Meyer Individual 31. May 19 31. May 19 2,000 €23.25 €46,506
28. May 19 Buy Juliet Ellis Individual 24. May 19 24. May 19 3,500 €24.32 €85,122
07. May 19 Buy John Lowe Individual 07. May 19 07. May 19 5,000 €27.05 €135,233
X
Management checks
We assess Apache's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Apache has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Apache Corporation, an independent energy company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids (NGLs). The company has operations in onshore assets located in the Permian and Midcontinent/Gulf Coast onshore regions; and offshore assets situated in the Gulf of Mexico region. It also holds onshore assets in Egypt’s Western desert; and offshore assets in the North Sea region, including the United Kingdom. In addition, the company has an offshore exploration program in Suriname. As of December 31, 2019, it had total estimated proved reserves of 551 million barrels of crude oil, 186 million barrels of NGLs, and 1.6 trillion cubic feet of natural gas. Apache Corporation was founded in 1954 and is based in Houston, Texas.

Details
Name: Apache Corporation
APA
Exchange: DB
Founded: 1954
$2,630,816,237
377,417,771
Website: http://www.apachecorp.com
Address: Apache Corporation
One Post Oak Central,
Suite 100,
Houston,
Texas, 77056,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE APA Common Stock New York Stock Exchange US USD 02. Jan 1968
DB APA Common Stock Deutsche Boerse AG DE EUR 02. Jan 1968
LSE 0HGC Common Stock London Stock Exchange GB USD 02. Jan 1968
BMV APA * Common Stock Bolsa Mexicana de Valores MX MXN 02. Jan 1968
BOVESPA A1PA34 BDR EACH REPR 1 COM Bolsa de Valores de Sao Paulo BR BRL 30. Dec 2019
Number of employees
Current staff
Staff numbers
3,163
Apache employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/09 00:04
End of day share price update: 2020/04/08 00:00
Last estimates confirmation: 2020/04/08
Last earnings filing: 2020/02/28
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.