Stock Analysis on Net

Apache Corp. (NYSE:APA)

This company has been moved to the archive! The financial data has not been updated since August 4, 2016.

Price to FCFE (P/FCFE)

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Free Cash Flow to Equity (FCFE)

Apache Corp., FCFE calculation

US$ in millions

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12 months ended: Dec 31, 2015 Dec 31, 2014 Dec 31, 2013 Dec 31, 2012 Dec 31, 2011
Net income (loss) attributable to Apache shareholders (23,119) (5,403) 2,232 2,001 4,584
Net (income) loss attributable to noncontrolling interest (409) 343 56
Net noncash charges 26,532 13,657 7,466 8,244 5,650
Changes in operating assets and liabilities (170) (218) 81 (1,741) (281)
Net cash provided by operating activities 2,834 8,379 9,835 8,504 9,953
Additions to oil and gas property (4,578) (9,721) (10,019) (8,781) (6,414)
Additions to gas gathering, transmission, and processing facilities (233) (1,159) (1,201) (750) (664)
Proceeds from sale of oil and gas properties, other 268 470 307 27 422
Commercial paper, credit facilities and bank notes, net (1,570) 1,568 (513) 549 (925)
Fixed rate debt borrowings 4,978
Payments on fixed rate debt (939) (2,072) (400)
Free cash flow to equity (FCFE) (4,218) (463) (3,663) 4,127 2,372

Based on: 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31).

Item Description The company
FCFE Free cash flow to equity is the cash flow available to Apache Corp. equity holders after all operating expenses, interest, and principal payments have been paid and necessary investments in working and fixed capital have been made. Apache Corp. FCFE increased from 2013 to 2014 but then decreased significantly from 2014 to 2015.

Price to FCFE Ratio, Current

Apache Corp., current P/FCFE calculation, comparison to benchmarks

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No. shares of common stock outstanding 379,423,069
Selected Financial Data (US$)
Free cash flow to equity (FCFE) (in millions) (4,218)
FCFE per share -11.12
Current share price (P) 50.18
Valuation Ratio
P/FCFE
Benchmarks
P/FCFE, Competitors1
Chevron Corp. 18.63
ConocoPhillips 13.46
Exxon Mobil Corp. 13.89
Marathon Petroleum Corp. 5.72
Occidental Petroleum Corp. 9.57
Pioneer Natural Resources Co. 19.05
Valero Energy Corp. 7.05

Based on: 10-K (reporting date: 2015-12-31).

1 Click competitor name to see calculations.

If the company P/FCFE is lower then the P/FCFE of benchmark then company is relatively undervalued.
Otherwise, if the company P/FCFE is higher then the P/FCFE of benchmark then company is relatively overvalued.


Price to FCFE Ratio, Historical

Apache Corp., historical P/FCFE calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2015 Dec 31, 2014 Dec 31, 2013 Dec 31, 2012 Dec 31, 2011
No. shares of common stock outstanding1 378,297,784 376,823,368 394,724,983 391,758,883 384,321,970
Selected Financial Data (US$)
Free cash flow to equity (FCFE) (in millions)2 (4,218) (463) (3,663) 4,127 2,372
FCFE per share3 -11.15 -1.23 -9.28 10.53 6.17
Share price1, 4 39.47 65.84 79.29 73.75 107.93
Valuation Ratio
P/FCFE5 7.00 17.49
Benchmarks
P/FCFE, Competitors6
Chevron Corp.
ConocoPhillips
Exxon Mobil Corp.
Marathon Petroleum Corp.
Occidental Petroleum Corp.
Pioneer Natural Resources Co.
Valero Energy Corp.

Based on: 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31).

1 Data adjusted for splits and stock dividends.

2 See details »

3 2015 Calculation
FCFE per share = FCFE ÷ No. shares of common stock outstanding
= -4,218,000,000 ÷ 378,297,784 = -11.15

4 Closing price as at the filing date of Apache Corp. Annual Report.

5 2015 Calculation
P/FCFE = Share price ÷ FCFE per share
= 39.47 ÷ -11.15 =

6 Click competitor name to see calculations.