APG
ACCE-researchedOverview
ACCE thesis
APi Group provides fire protection, HVAC, plumbing, and electrical services across 500+ locations, primarily through acquisitions of local contractors that maintain their brand identity and owner-operator culture. The company benefits from non-discretionary maintenance spending and mandatory compliance inspections that create recurring revenue streams, while fragmented end markets offer endless bolt-on acquisition targets. Management has accelerated the M&A pace with 23 acquisitions in 2023 generating $280 million in annual revenue, funded by improving free cash flow that hit $565 million last year. Trading at 23x forward earnings despite 15% revenue growth, APi offers exposure to essential building services with a proven acquisition playbook that transforms mom-and-pop shops into a scaled platform.
Walk me through this stock
Plain-English pros, cons, and what to watch. Pro feature.
Price
Valuation
INVESTORSix independent models converge on one confidence-weighted fair value, with full methodology and editable assumptions.
- +All six models: DCF, P/E and EV/EBITDA comps, Graham, dividend discount, residual income
- +Scenario bands, sensitivity tornado, and the 5-year historical valuation range
- +Editable DCF workbench with saved scenarios
Quality
INVESTORThe full quality picture: conviction breakdown, earnings quality, score history, and backtested returns.
- +Conviction score breakdown and earnings-quality grade
- +Growth / value / quality / momentum component scores
- +90-day score history and score-threshold backtests
Analysts
Wall Street consensus
The full analyst picture: the price-target distribution against the current price, forward consensus estimates, and how ACCE's own models compare.
- +Price-target low / average / high vs the current price, with implied upside
- +Forward revenue and EPS consensus by fiscal year
- +ACCE fair-value models lined up against the Street
Smart Money
PROFollow the institutions: 13F position changes, insider trades, and active 13D activist filings.
- +Quarter-over-quarter institutional position changes
- +Recent open-market insider transactions
- +Active 13D activist filings and top holders
Compare
Where it sits vs peers
Algorithmic peers (6)
| Ticker | Company | Mcap | P/E | ROE | D/E | Yield | Quality | |
|---|---|---|---|---|---|---|---|---|
| J | Jacobs Solutions Inc. Common Stock | $16.8B | 47.6 | 8.0% | 0.64 | 0.9% | - | Compare |
| WSP.TO | WSP Global | $17.0B | 25.1 | 9.8% | 0.38 | 0.8% | - | Compare |
| MTZ | MasTec Inc. Common Stock | $17.2B | 34.1 | 16.2% | 0.72 | 0.0% | - | Compare |
| EN.PA | Bouygues | $19.1B | 13.3 | 9.7% | 0.90 | 4.8% | - | Compare |
| ACS.MC | ACS Actividades de Construccion | $28.0B | 24.5 | 24.1% | 2.89 | 2.5% | - | Compare |
| EME | EMCOR Group Inc. Common Stock | $33.1B | 23.4 | 40.4% | 0.03 | 0.1% | - | Compare |
Sector report card
Where APG ranks against its sector peers on each metric.
News and Record
Press releases mentioning this company
- Business Wire•Aug 26, 2026APi Group Announces Participation in 2026 Jefferies Global Industrials Conference
- Business Wire•Jul 16, 2026APi Group Announces Date of Second Quarter 2026 Earnings Release
- Business Wire•Jul 2, 2026APi Group Completes the Acquisition of WTech Fire Group and Updates 2026 Guidance
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