
"APG remains in our top five positions due to the runway for organic growth in M&A. I can conservatively underwrite a 15% to 25% return per year during the next three to five years, with APG having the ability to generate $1.3 billion in free cash flow by 2028 against a market cap of $14 billion."
The analysis highlights APG (API Group) as a high-quality stock currently trading at cyclical valuations. The forecasted organic growth, M&A-driven free cash flow expansion and a projected free cash flow of $1.3 billion by 2028 support a buy recommendation for investors seeking a growth trade with a multi-year horizon.
Q2 2025 Investor Audibles: Greystone Capital, SpringView Capital, Praetorian Capital
September 5, 2025
Stock Idea