Crestwood Equity Partners LP New (CEQP) Stock Fundamental Analysis
NYSE:CEQP - New York Stock Exchange, Inc. - US2263442087 - Currency: USD
Taking everything into account, CEQP scores 4 out of 10 in our fundamental rating. CEQP was compared to 208 industry peers in the Oil, Gas & Consumable Fuels industry. CEQP has a bad profitability rating. Also its financial health evaluation is rather negative. CEQP is not valued too expensively and it also shows a decent growth rate. Finally CEQP also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
CEQP had positive earnings in the past year.
CEQP had a positive operating cash flow in the past year.
CEQP had negative earnings in 4 of the past 5 years.
CEQP had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
CEQP has a Return On Assets of 1.63%. This is in the lower half of the industry: CEQP underperforms 74.21% of its industry peers.
The Return On Equity of CEQP (5.37%) is worse than 71.49% of its industry peers.
CEQP's Return On Invested Capital of 5.34% is on the low side compared to the rest of the industry. CEQP is outperformed by 71.04% of its industry peers.
CEQP had an Average Return On Invested Capital over the past 3 years of 4.49%. This is significantly below the industry average of 23.86%.
The last Return On Invested Capital (5.34%) for CEQP is above the 3 year average (4.49%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.63% | ||
| ROE | 5.37% | ||
| ROIC | 5.34% |
ROA(3y)-1.92%
ROA(5y)-0.36%
ROE(3y)-7.04%
ROE(5y)-2.01%
ROIC(3y)4.49%
ROIC(5y)3.89%
1.3 Margins
Looking at the Profit Margin, with a value of 1.96%, CEQP is doing worse than 75.57% of the companies in the same industry.
The Operating Margin of CEQP (7.64%) is worse than 74.66% of its industry peers.
In the last couple of years the Operating Margin of CEQP has grown nicely.
CEQP has a worse Gross Margin (20.02%) than 71.49% of its industry peers.
In the last couple of years the Gross Margin of CEQP has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 7.64% | ||
| PM (TTM) | 1.96% | ||
| GM | 20.02% |
OM growth 3Y0.43%
OM growth 5Y24.56%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-5.82%
GM growth 5Y5.1%
2. Health
2.1 Basic Checks
CEQP has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, CEQP has more shares outstanding
CEQP has a worse debt/assets ratio than last year.
2.2 Solvency
CEQP has a debt to FCF ratio of 17.41. This is a negative value and a sign of low solvency as CEQP would need 17.41 years to pay back of all of its debts.
The Debt to FCF ratio of CEQP (17.41) is worse than 66.06% of its industry peers.
CEQP has a Debt/Equity ratio of 1.70. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 1.70, CEQP is doing worse than 80.09% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.7 | ||
| Debt/FCF | 17.41 | ||
| Altman-Z | N/A |
ROIC/WACC0.65
WACC8.16%
2.3 Liquidity
A Current Ratio of 1.37 indicates that CEQP should not have too much problems paying its short term obligations.
The Current ratio of CEQP (1.37) is comparable to the rest of the industry.
A Quick Ratio of 1.10 indicates that CEQP should not have too much problems paying its short term obligations.
With a Quick ratio value of 1.10, CEQP perfoms like the industry average, outperforming 57.92% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.37 | ||
| Quick Ratio | 1.1 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 764.29% over the past year.
Looking at the last year, CEQP shows a decrease in Revenue. The Revenue has decreased by -6.83% in the last year.
The Revenue has been growing by 9.11% on average over the past years. This is quite good.
EPS 1Y (TTM)764.29%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%728.57%
Revenue 1Y (TTM)-6.83%
Revenue growth 3Y23.55%
Revenue growth 5Y9.11%
Sales Q2Q%-29.48%
3.2 Future
CEQP is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 117.91% yearly.
The Revenue is expected to grow by 24.06% on average over the next years. This is a very strong growth
EPS Next Y761.73%
EPS Next 2Y187.44%
EPS Next 3Y117.91%
EPS Next 5YN/A
Revenue Next Year35.68%
Revenue Next 2Y16%
Revenue Next 3Y24.06%
Revenue Next 5YN/A
3.3 Evolution
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
CEQP is valuated quite expensively with a Price/Earnings ratio of 30.39.
CEQP's Price/Earnings ratio is a bit more expensive when compared to the industry. CEQP is more expensive than 76.47% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.25, CEQP is valued at the same level.
With a Price/Forward Earnings ratio of 16.12, CEQP is valued correctly.
Based on the Price/Forward Earnings ratio, CEQP is valued a bit more expensive than the industry average as 66.52% of the companies are valued more cheaply.
CEQP's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 36.80.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.39 | ||
| Fwd PE | 16.12 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, CEQP is valued a bit more expensive than the industry average as 60.63% of the companies are valued more cheaply.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of CEQP is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.84 | ||
| EV/EBITDA | 8.44 |
4.3 Compensation for Growth
CEQP's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as CEQP's earnings are expected to grow with 117.91% in the coming years.
PEG (NY)0.04
PEG (5Y)N/A
EPS Next 2Y187.44%
EPS Next 3Y117.91%
5. Dividend
5.1 Amount
CEQP has a Yearly Dividend Yield of 9.27%, which is a nice return.
Compared to an average industry Dividend Yield of 6.35, CEQP pays a better dividend. On top of this CEQP pays more dividend than 83.71% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.34, CEQP pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.27% |
5.2 History
On average, the dividend of CEQP grows each year by 8.30%, which is quite nice.
CEQP has been paying a dividend for at least 10 years, so it has a reliable track record.
As CEQP did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)8.3%
Div Incr Years1
Div Non Decr Years5
5.3 Sustainability
327.84% of the earnings are spent on dividend by CEQP. This is not a sustainable payout ratio.
The dividend of CEQP is growing, but earnings are growing more, so the dividend growth is sustainable.
DP327.84%
EPS Next 2Y187.44%
EPS Next 3Y117.91%
28.26
+1.18 (+4.36%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners0.19%
Inst Owner Change0%
Ins Owners1.05%
Ins Owner Change0%
Market Cap2.97B
Analysts71.43
Price Target29.33 (3.79%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.27% |
Yearly Dividend3.88
Dividend Growth(5Y)8.3%
DP327.84%
Div Incr Years1
Div Non Decr Years5
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)106.63%
Min EPS beat(2)16.71%
Max EPS beat(2)196.55%
EPS beat(4)3
Avg EPS beat(4)-6.32%
Min EPS beat(4)-259.25%
Max EPS beat(4)196.55%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-16.44%
Min Revenue beat(2)-19.34%
Max Revenue beat(2)-13.53%
Revenue beat(4)0
Avg Revenue beat(4)-11.75%
Min Revenue beat(4)-19.34%
Max Revenue beat(4)-5.95%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0.88%
PT rev (3m)-4.17%
EPS NQ rev (1m)3.67%
EPS NQ rev (3m)-1.79%
EPS NY rev (1m)0%
EPS NY rev (3m)41.8%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-7.81%
Revenue NY rev (1m)-12.77%
Revenue NY rev (3m)-15.5%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.39 | ||
| Fwd PE | 16.12 | ||
| P/S | 0.57 | ||
| P/FCF | 15.84 | ||
| P/OCF | 6.54 | ||
| P/B | 1.55 | ||
| P/tB | 4.1 | ||
| EV/EBITDA | 8.44 |
EPS(TTM)0.93
EY3.29%
EPS(NY)1.75
Fwd EY6.2%
FCF(TTM)1.78
FCFY6.31%
OCF(TTM)4.32
OCFY15.3%
SpS49.98
BVpS18.26
TBVpS6.89
PEG (NY)0.04
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.63% | ||
| ROE | 5.37% | ||
| ROCE | 6.75% | ||
| ROIC | 5.34% | ||
| ROICexc | 5.34% | ||
| ROICexgc | 6.69% | ||
| OM | 7.64% | ||
| PM (TTM) | 1.96% | ||
| GM | 20.02% | ||
| FCFM | 3.57% |
ROA(3y)-1.92%
ROA(5y)-0.36%
ROE(3y)-7.04%
ROE(5y)-2.01%
ROIC(3y)4.49%
ROIC(5y)3.89%
ROICexc(3y)4.5%
ROICexc(5y)3.9%
ROICexgc(3y)5.71%
ROICexgc(5y)4.91%
ROCE(3y)5.69%
ROCE(5y)4.93%
ROICexcg growth 3Y16.02%
ROICexcg growth 5Y23.88%
ROICexc growth 3Y16.17%
ROICexc growth 5Y23.69%
OM growth 3Y0.43%
OM growth 5Y24.56%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-5.82%
GM growth 5Y5.1%
F-Score6
Asset Turnover0.83
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.7 | ||
| Debt/FCF | 17.41 | ||
| Debt/EBITDA | 4.43 | ||
| Cap/Depr | 79.4% | ||
| Cap/Sales | 5.08% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 61.61% | ||
| Profit Quality | 181.86% | ||
| Current Ratio | 1.37 | ||
| Quick Ratio | 1.1 | ||
| Altman-Z | N/A |
F-Score6
WACC8.16%
ROIC/WACC0.65
Cap/Depr(3y)58.23%
Cap/Depr(5y)117.68%
Cap/Sales(3y)4.37%
Cap/Sales(5y)7.16%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)764.29%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%728.57%
EPS Next Y761.73%
EPS Next 2Y187.44%
EPS Next 3Y117.91%
EPS Next 5YN/A
Revenue 1Y (TTM)-6.83%
Revenue growth 3Y23.55%
Revenue growth 5Y9.11%
Sales Q2Q%-29.48%
Revenue Next Year35.68%
Revenue Next 2Y16%
Revenue Next 3Y24.06%
Revenue Next 5YN/A
EBIT growth 1Y38.99%
EBIT growth 3Y24.07%
EBIT growth 5Y35.9%
EBIT Next Year167.37%
EBIT Next 3Y44.84%
EBIT Next 5Y29.27%
FCF growth 1Y-60.26%
FCF growth 3YN/A
FCF growth 5Y25.47%
OCF growth 1Y-12.33%
OCF growth 3Y1.47%
OCF growth 5Y11.41%