Crestwood Equity Partners LP New (CEQP)
US2263442087
Taking everything into account, CEQP scores 3 out of 10 in our fundamental rating. CEQP was compared to 214 industry peers in the Oil, Gas & Consumable Fuels industry. Both the profitability and financial health of CEQP have multiple concerns. CEQP is quite expensive at the moment. It does show a decent growth rate. Finally CEQP also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year CEQP was profitable.
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's Return On Assets of 1.63% is on the low side compared to the rest of the industry. CEQP is outperformed by 74.21% of its industry peers.
CEQP has a Return On Equity of 5.37%. This is in the lower half of the industry: CEQP underperforms 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.
The Average Return On Invested Capital over the past 3 years for CEQP is significantly below the industry average of 44.58%.
The 3 year average ROIC (4.49%) for CEQP is below the current ROIC(5.34%), indicating increased profibility in the last year.
| 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
CEQP has a Profit Margin of 1.96%. This is in the lower half of the industry: CEQP underperforms 75.57% of its industry peers.
With a Operating Margin value of 7.64%, CEQP is not doing good in the industry: 74.66% of the companies in the same industry are doing better.
CEQP's Operating Margin has improved in the last couple of years.
With a Gross Margin value of 20.02%, CEQP is not doing good in the industry: 71.49% of the companies in the same industry are doing better.
CEQP's Gross Margin has improved in the last couple of years.
| 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.
The number of shares outstanding for CEQP has been increased compared to 1 year ago.
CEQP has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, CEQP has a worse debt to assets ratio.
2.2 Solvency
The Debt to FCF ratio of CEQP is 17.41, which is on the high side as it means it would take CEQP, 17.41 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of CEQP (17.41) is worse than 66.06% of its industry peers.
A Debt/Equity ratio of 1.70 is on the high side and indicates that CEQP has dependencies on debt financing.
With a Debt to Equity ratio value of 1.70, CEQP is not doing good in the industry: 80.09% of the companies in the same industry are doing better.
| 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.
CEQP's Current ratio of 1.37 is in line compared to the rest of the industry. CEQP outperforms 59.73% of its industry peers.
A Quick Ratio of 1.10 indicates that CEQP should not have too much problems paying its short term obligations.
CEQP has a Quick ratio of 1.10. This is comparable to the rest of the industry: CEQP outperforms 57.92% of its industry peers.
| 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.
The Revenue has decreased by -6.83% in the past year.
CEQP shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 9.11% yearly.
EPS 1Y (TTM)764.29%
EPS 3YN/A
EPS 5YN/A
EPS growth Q2Q728.57%
Revenue 1Y (TTM)-6.83%
Revenue growth 3Y23.55%
Revenue growth 5Y9.11%
Revenue growth Q2Q-29.48%
3.2 Future
The Earnings Per Share is expected to grow by 117.91% on average over the next years. This is a very strong growth
CEQP is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 24.06% yearly.
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
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 30.39, which means the current valuation is very expensive for CEQP.
Compared to the rest of the industry, the Price/Earnings ratio of CEQP indicates a slightly more expensive valuation: CEQP is more expensive than 76.47% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of CEQP to the average of the S&P500 Index (24.55), we can say CEQP is valued slightly more expensively.
A Price/Forward Earnings ratio of 16.12 indicates a correct valuation of CEQP.
66.52% of the companies in the same industry are cheaper than CEQP, based on the Price/Forward Earnings ratio.
CEQP is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 20.92, which is the current average of the S&P500 Index.
| 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 60.63% of the companies in the same industry.
CEQP's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.84 | ||
| EV/EBITDA | 8.44 |
4.3 Compensation for Growth
The 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 5.72, CEQP pays a better dividend. On top of this CEQP pays more dividend than 83.71% of the companies listed in the same industry.
CEQP's Dividend Yield is rather good when compared to the S&P500 average which is at 2.39.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.27% |
5.2 History
The dividend of CEQP is nicely growing with an annual growth rate of 8.30%!
CEQP has been paying a dividend for at least 10 years, so it has a reliable track record.
CEQP has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)8.3%
Div Incr Years1
Div Non Decr Years5
5.3 Sustainability
CEQP pays out 327.84% of its income as dividend. This is not a sustainable payout ratio.
CEQP's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP327.84%
EPS Next 2Y187.44%
EPS Next 3Y117.91%
Crestwood Equity Partners LP New
NYSE:CEQP (11/2/2023, 8:04:00 PM)
After market: 28.05 -0.21 (-0.74%)28.26
+1.18 (+4.36%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap2.97B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.27% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.39 | ||
| Fwd PE | 16.12 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)0.04
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.63% | ||
| ROE | 5.37% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 7.64% | ||
| PM (TTM) | 1.96% | ||
| GM | 20.02% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.83
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.7 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.37 | ||
| Quick Ratio | 1.1 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)764.29%
EPS 3YN/A
EPS 5Y
EPS growth Q2Q
EPS Next Y761.73%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-6.83%
Revenue growth 3Y23.55%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y