Apache
Navigate firm data through the following pages:
Analyst Listing | Primary Input Data |
Derived Input Data | Valuation Model Outcomes |
Analyst Listing
The following analysts provide coverage for the subject firm as of May 2016:
Broker | Analyst | Analyst Email |
Wells Fargo Securities | David Tameron | david.tameron@wellsfargo.com |
BMO Capital Markets | Phillip Jungwirth | phillip.jungwirth@bmo.com |
Johnson Rice & Company | Charles Meade | cmeade@jrco.com |
Evercore ISI | Stephen Richardson | stephen.richardson@evercoreisi.com |
Scotia Howard Weil | Peter Kissel | peter.kissel@scotiabank.com |
Raymond James | John Freeman | john.freeman@raymondjames.com |
Deutsche Bank Research | Ryan Todd | ryan.todd@db.com |
Wolfe Research | Paul Sankey | psankey@wolferesearch.com |
RBC Capital Markets | Scott Hanold | scott.hanold@rbccm.com |
Atlantic Equities | Barry MacCarthy | b.maccarthy@atlantic-equities.com |
Capital One Securities | Richard Tullis | richard.tullis@capitalone.com |
Credit Suisse | Edward Westlake | edward.westlake@credit-suisse.com |
Piper Jaffray | Pearce Hammond | pearce.w.hammond@simmonspjc.com |
Alembic Global Advisors | James Sullivan | james.sullivan@alembicglobal.com |
IBERIA Capital Partners | Eric Fox | eric.fox@iberiabank.com |
Cowen & Company | Charles Robertson | charles.robertson@cowen.com |
Jefferies | Jonathan D. Wolff | jwolff@jefferies.com |
Nomura Research | Lloyd Byrne | lloyd.byrne@nomura.com |
Seaport Global Securities | Michael Kelly | mkelly@seaportglobal.com |
KLR Group | Gail Nicholson | gn@klrgroup.com |
Primary Input Data
Derived Input Data
Derived Input |
Label |
2015 Value
|
2016 Value
|
Equational Form |
Net Operating Profit Less Adjusted Taxes | NOPLAT | (337) | (140) | |
Free Cash Flow | FCF | (2,194) | 481 | |
Tax Shield | TS | 53 | 103 | |
Invested Capital | IC | 17,001 | 20,676 | |
Return on Invested Capital | ROIC | -1.98% | -0.68% | |
Net Investment | NetInv | (24,717) | 6,802 | |
Investment Rate | IR | 7343.14% | -4849.91% | |
Weighted Average Cost of Capital | WACCMarket | 1.49% | 3.80% | |
WACCBook | 8.20% | 8.88% | ||
Enterprise value | EVMarket | 24,190 | 31,590 | |
EVBook | 24,121 | 31,250 | ||
EV/EBIT Multiple | (61.09) | (191.45) | ||
Long-Run Growth | g = IR x ROIC |
-145.39% | 32.90% | Long-run growth rates of the income variable are used in the Continuing Value portion of the valuation models. |
g = % |
2.50% | 2.50% |
Valuation Model Outcomes
The outcomes presented in this study are the result of original input data, derived data, and synthesized inputs and, depending on the equational form of any particular valuation model, may result in irrelevant or implausible results. For example, in the event WACC < g, the value of this term, often found in the denominator of an equation’s continuation value term, will be expressly negative and may result in a negative overall valuation for the firm. In the event of a WACC < g relation, the model form as applied to the subject firm offers an irrelevant outcome.
Valuation Model Type |
Label |
Equational form
|
|
Key Value Driver (NOPLAT) | KVD (NOPLAT) | ||
Key Value Driver (FCF) | KVD (FCF) |
|
|
Free Cash Flow | FCF | ||
Economic Profit | ECON π | ||
Adjusted Present Value | APV | ||
Forward Market Multiple | FMM | ||