Crestwood Equity Partners LP New (CEQP) Stock Fundamental Analysis
NYSE:CEQP - US2263442087
28.26 USD
+1.18 (+4.36%)
28.05 USD
-0.21 (-0.74%)
CEQP gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 209 industry peers in the Oil, Gas & Consumable Fuels industry. CEQP may be in some trouble as it scores bad on both profitability and health. CEQP has a correct valuation and a medium growth rate. 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.
In the past 5 years CEQP always reported a positive cash flow from operatings.
1.2 Ratios
With a Return On Assets value of 1.63%, CEQP is not doing good in the industry: 74.21% of the companies in the same industry are doing better.
CEQP has a worse Return On Equity (5.37%) than 71.49% of its industry peers.
With a Return On Invested Capital value of 5.34%, CEQP is not doing good in the industry: 71.04% of the companies in the same industry are doing better.
Measured over the past 3 years, the Average Return On Invested Capital for CEQP is significantly below the industry average of 23.53%.
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
CEQP's Profit Margin of 1.96% is on the low side compared to the rest of the industry. CEQP is outperformed by 75.57% of its industry peers.
CEQP has a worse Operating Margin (7.64%) than 74.66% of its industry peers.
CEQP's Operating Margin has improved in the last couple of years.
The Gross Margin of CEQP (20.02%) is worse than 71.49% of its industry peers.
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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so CEQP is destroying value.
CEQP has more shares outstanding than it did 1 year ago.
The debt/assets ratio for CEQP is higher compared to a year ago.
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.
The Debt to Equity ratio of CEQP (1.70) is worse than 80.09% of its industry peers.
| 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 has a Current ratio (1.37) which is in line with its industry peers.
A Quick Ratio of 1.10 indicates that CEQP should not have too much problems paying its short term obligations.
The Quick ratio of CEQP (1.10) is comparable to the rest of the 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.
The Revenue has decreased by -6.83% in the past 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
A Price/Earnings ratio of 30.39 indicates a quite expensive valuation of CEQP.
Based on the Price/Earnings ratio, CEQP is valued a bit more expensive than 76.47% of the companies in the same industry.
CEQP's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.24.
A Price/Forward Earnings ratio of 16.12 indicates a correct valuation of CEQP.
CEQP's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. CEQP is more expensive than 66.52% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 35.82, CEQP is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.39 | ||
| Fwd PE | 16.12 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of CEQP indicates a slightly more expensive valuation: CEQP is more expensive than 60.63% of the companies listed in the same industry.
CEQP's Price/Free Cash Flow is on the same level as the industry average.
| 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.
CEQP's earnings are expected to grow with 117.91% in the coming years. This may justify a more expensive valuation.
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 6.30, 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 2.36.
| 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 paid a dividend for at least 10 years, which is 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
CEQP pays out 327.84% of its income as dividend. 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%