CHENIERE ENERGY PARTNERS LP (CQP) Stock Fundamental Analysis
NYSE:CQP - New York Stock Exchange, Inc. - US16411Q1013 - Currency: USD
We assign a fundamental rating of 4 out of 10 to CQP. CQP was compared to 213 industry peers in the Oil, Gas & Consumable Fuels industry. CQP has an excellent profitability rating, but there are concerns on its financial health. CQP has a valuation in line with the averages, but it does not seem to be growing. Finally CQP also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year CQP was profitable.
CQP had a positive operating cash flow in the past year.
Each year in the past 5 years CQP has been profitable.
In the past 5 years CQP always reported a positive cash flow from operatings.
1.2 Ratios
CQP has a Return On Assets of 11.80%. This is amongst the best in the industry. CQP outperforms 87.32% of its industry peers.
Looking at the Return On Invested Capital, with a value of 16.46%, CQP belongs to the top of the industry, outperforming 90.61% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for CQP is significantly below the industry average of 25.70%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.8% | ||
| ROE | N/A | ||
| ROIC | 16.46% |
ROA(3y)12.81%
ROA(5y)10.3%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)18.68%
ROIC(5y)15.3%
1.3 Margins
The Profit Margin of CQP (23.67%) is better than 76.06% of its industry peers.
In the last couple of years the Profit Margin of CQP has grown nicely.
CQP has a better Operating Margin (37.68%) than 80.28% of its industry peers.
CQP's Operating Margin has improved in the last couple of years.
CQP has a Gross Margin (46.83%) which is comparable to the rest of the industry.
In the last couple of years the Gross Margin of CQP has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 37.68% | ||
| PM (TTM) | 23.67% | ||
| GM | 46.83% |
OM growth 3Y11.45%
OM growth 5Y5.45%
PM growth 3Y15.45%
PM growth 5Y8.25%
GM growth 3Y11.12%
GM growth 5Y4.13%
2. Health
2.1 Basic Checks
CQP has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
Compared to 1 year ago, CQP has about the same amount of shares outstanding.
CQP has about the same amout of shares outstanding than it did 5 years ago.
CQP has a better debt/assets ratio than last year.
2.2 Solvency
CQP has a debt to FCF ratio of 5.39. This is a neutral value as CQP would need 5.39 years to pay back of all of its debts.
CQP has a Debt to FCF ratio of 5.39. This is in the better half of the industry: CQP outperforms 62.91% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | N/A | ||
| Debt/FCF | 5.39 | ||
| Altman-Z | N/A |
ROIC/WACC1.66
WACC9.92%
2.3 Liquidity
CQP has a Current Ratio of 0.77. This is a bad value and indicates that CQP is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 0.77, CQP is doing worse than 70.42% of the companies in the same industry.
CQP has a Quick Ratio of 0.77. This is a bad value and indicates that CQP is not financially healthy enough and could expect problems in meeting its short term obligations.
CQP has a worse Quick ratio (0.69) than 69.48% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.77 | ||
| Quick Ratio | 0.69 |
3. Growth
3.1 Past
The earnings per share for CQP have decreased strongly by -38.85% in the last year.
CQP shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 13.56% yearly.
CQP shows a decrease in Revenue. In the last year, the revenue decreased by -9.93%.
Measured over the past years, CQP shows a small growth in Revenue. The Revenue has been growing by 4.94% on average per year.
EPS 1Y (TTM)-38.85%
EPS 3Y12.44%
EPS 5Y13.56%
EPS Q2Q%-26.76%
Revenue 1Y (TTM)-9.93%
Revenue growth 3Y-2.65%
Revenue growth 5Y4.94%
Sales Q2Q%-8.41%
3.2 Future
Based on estimates for the next years, CQP will show a decrease in Earnings Per Share. The EPS will decrease by -1.89% on average per year.
CQP is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.18% yearly.
EPS Next Y4.17%
EPS Next 2Y2.69%
EPS Next 3Y1.89%
EPS Next 5Y-1.89%
Revenue Next Year31.35%
Revenue Next 2Y15.46%
Revenue Next 3Y7.23%
Revenue Next 5Y2.18%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 13.52, the valuation of CQP can be described as correct.
CQP's Price/Earnings ratio is in line with the industry average.
CQP's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 24.21.
A Price/Forward Earnings ratio of 12.98 indicates a correct valuation of CQP.
CQP's Price/Forward Earnings is on the same level as the industry average.
When comparing the Price/Forward Earnings ratio of CQP to the average of the S&P500 Index (20.44), we can say CQP is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.52 | ||
| Fwd PE | 12.98 |
4.2 Price Multiples
CQP's Enterprise Value to EBITDA is on the same level as the industry average.
72.77% of the companies in the same industry are more expensive than CQP, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.89 | ||
| EV/EBITDA | 10.73 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates CQP does not grow enough to justify the current Price/Earnings ratio.
The decent profitability rating of CQP may justify a higher PE ratio.
PEG (NY)3.24
PEG (5Y)1
EPS Next 2Y2.69%
EPS Next 3Y1.89%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.35%, CQP is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 7.30, CQP pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.44, CQP pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.35% |
5.2 History
On average, the dividend of CQP grows each year by 12.15%, which is quite nice.
CQP has paid a dividend for at least 10 years, which is a reliable track record.
CQP has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)12.15%
Div Incr Years7
Div Non Decr Years16
5.3 Sustainability
108.50% of the earnings are spent on dividend by CQP. This is not a sustainable payout ratio.
CQP's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP108.5%
EPS Next 2Y2.69%
EPS Next 3Y1.89%
57.48
+0.46 (+0.81%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners4.39%
Inst Owner Change0.56%
Ins Owners0.01%
Ins Owner Change0.01%
Market Cap27.82B
Analysts44.35
Price Target56.97 (-0.89%)
Short Float %2.62%
Short Ratio6.28
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.35% |
Yearly Dividend4.62
Dividend Growth(5Y)12.15%
DP108.5%
Div Incr Years7
Div Non Decr Years16
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)2.93%
Min EPS beat(2)-4.08%
Max EPS beat(2)9.95%
EPS beat(4)3
Avg EPS beat(4)8.08%
Min EPS beat(4)-4.08%
Max EPS beat(4)19.89%
EPS beat(8)6
Avg EPS beat(8)48.73%
EPS beat(12)7
Avg EPS beat(12)4.33%
EPS beat(16)10
Avg EPS beat(16)5.52%
Revenue beat(2)1
Avg Revenue beat(2)-1.12%
Min Revenue beat(2)-6.16%
Max Revenue beat(2)3.93%
Revenue beat(4)2
Avg Revenue beat(4)-2.03%
Min Revenue beat(4)-8.9%
Max Revenue beat(4)3.93%
Revenue beat(8)4
Avg Revenue beat(8)-2.77%
Revenue beat(12)8
Avg Revenue beat(12)2.95%
Revenue beat(16)12
Avg Revenue beat(16)4.65%
PT rev (1m)0.72%
PT rev (3m)5.85%
EPS NQ rev (1m)0.9%
EPS NQ rev (3m)3.72%
EPS NY rev (1m)0.67%
EPS NY rev (3m)2.52%
Revenue NQ rev (1m)4.74%
Revenue NQ rev (3m)15.88%
Revenue NY rev (1m)1.53%
Revenue NY rev (3m)7.76%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.52 | ||
| Fwd PE | 12.98 | ||
| P/S | 3.2 | ||
| P/FCF | 9.89 | ||
| P/OCF | 9.37 | ||
| P/B | N/A | ||
| P/tB | N/A | ||
| EV/EBITDA | 10.73 |
EPS(TTM)4.25
EY7.39%
EPS(NY)4.43
Fwd EY7.7%
FCF(TTM)5.81
FCFY10.11%
OCF(TTM)6.13
OCFY10.67%
SpS17.98
BVpS-1.05
TBVpS-1.05
PEG (NY)3.24
PEG (5Y)1
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.8% | ||
| ROE | N/A | ||
| ROCE | 20.84% | ||
| ROIC | 16.46% | ||
| ROICexc | 16.75% | ||
| ROICexgc | 16.75% | ||
| OM | 37.68% | ||
| PM (TTM) | 23.67% | ||
| GM | 46.83% | ||
| FCFM | 32.33% |
ROA(3y)12.81%
ROA(5y)10.3%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)18.68%
ROIC(5y)15.3%
ROICexc(3y)19.35%
ROICexc(5y)15.95%
ROICexgc(3y)19.35%
ROICexgc(5y)15.95%
ROCE(3y)23.64%
ROCE(5y)19.37%
ROICexcg growth 3Y12.26%
ROICexcg growth 5Y12.29%
ROICexc growth 3Y12.26%
ROICexc growth 5Y12.29%
OM growth 3Y11.45%
OM growth 5Y5.45%
PM growth 3Y15.45%
PM growth 5Y8.25%
GM growth 3Y11.12%
GM growth 5Y4.13%
F-Score4
Asset Turnover0.5
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | N/A | ||
| Debt/FCF | 5.39 | ||
| Debt/EBITDA | 3.74 | ||
| Cap/Depr | 22.65% | ||
| Cap/Sales | 1.77% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 74.95% | ||
| Profit Quality | 136.6% | ||
| Current Ratio | 0.77 | ||
| Quick Ratio | 0.69 | ||
| Altman-Z | N/A |
F-Score4
WACC9.92%
ROIC/WACC1.66
Cap/Depr(3y)42.17%
Cap/Depr(5y)83.85%
Cap/Sales(3y)2.22%
Cap/Sales(5y)5.86%
Profit Quality(3y)152.04%
Profit Quality(5y)128.49%
High Growth Momentum
Growth
EPS 1Y (TTM)-38.85%
EPS 3Y12.44%
EPS 5Y13.56%
EPS Q2Q%-26.76%
EPS Next Y4.17%
EPS Next 2Y2.69%
EPS Next 3Y1.89%
EPS Next 5Y-1.89%
Revenue 1Y (TTM)-9.93%
Revenue growth 3Y-2.65%
Revenue growth 5Y4.94%
Sales Q2Q%-8.41%
Revenue Next Year31.35%
Revenue Next 2Y15.46%
Revenue Next 3Y7.23%
Revenue Next 5Y2.18%
EBIT growth 1Y-34.87%
EBIT growth 3Y8.5%
EBIT growth 5Y10.67%
EBIT Next Year23.53%
EBIT Next 3Y7.08%
EBIT Next 5Y2.67%
FCF growth 1Y-2.6%
FCF growth 3Y19.65%
FCF growth 5Y67.1%
OCF growth 1Y-4.54%
OCF growth 3Y9.01%
OCF growth 5Y13.92%