CHENIERE ENERGY PARTNERS LP (CQP) Stock Fundamental Analysis
USA - NYSE:CQP - US16411Q1013
53.79 USD
+0.2 (+0.37%)
53.79 USD
0 (0%)
Taking everything into account, CQP scores 5 out of 10 in our fundamental rating. CQP was compared to 209 industry peers in the Oil, Gas & Consumable Fuels industry. CQP scores excellent on profitability, but there are concerns on its financial health. CQP has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year CQP was profitable.
CQP had a positive operating cash flow in the past year.
CQP had positive earnings in each of the past 5 years.
In the past 5 years CQP always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 11.79%, CQP belongs to the top of the industry, outperforming 90.91% of the companies in the same industry.
The Return On Invested Capital of CQP (16.45%) is better than 93.78% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for CQP is below the industry average of 21.71%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.79% | ||
| ROE | N/A | ||
| ROIC | 16.45% |
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
CQP has a better Profit Margin (20.04%) than 72.73% of its industry peers.
CQP's Profit Margin has improved in the last couple of years.
CQP has a better Operating Margin (31.93%) than 77.03% of its industry peers.
In the last couple of years the Operating Margin of CQP has grown nicely.
CQP has a Gross Margin (39.92%) which is in line with its industry peers.
CQP's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 31.93% | ||
| PM (TTM) | 20.04% | ||
| GM | 39.92% |
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
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so CQP is creating value.
Compared to 1 year ago, CQP has about the same amount of shares outstanding.
The number of shares outstanding for CQP remains at a similar level compared to 5 years ago.
The debt/assets ratio for CQP has been reduced compared to a year ago.
2.2 Solvency
CQP has a debt to FCF ratio of 5.76. This is a neutral value as CQP would need 5.76 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 5.76, CQP is doing good in the industry, outperforming 60.77% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | N/A | ||
| Debt/FCF | 5.76 | ||
| Altman-Z | N/A |
ROIC/WACC2.08
WACC7.9%
2.3 Liquidity
CQP has a Current Ratio of 0.61. 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 0.61, CQP is doing worse than 81.82% of the companies in the same industry.
A Quick Ratio of 0.52 indicates that CQP may have some problems paying its short term obligations.
CQP has a Quick ratio of 0.52. This is amonst the worse of the industry: CQP underperforms 82.78% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.61 | ||
| Quick Ratio | 0.52 |
3. Growth
3.1 Past
CQP shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -13.29%.
The Earnings Per Share has been growing by 13.56% on average over the past years. This is quite good.
CQP shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 10.62%.
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)-13.29%
EPS 3Y12.44%
EPS 5Y13.56%
EPS Q2Q%-4.21%
Revenue 1Y (TTM)10.62%
Revenue growth 3Y-2.65%
Revenue growth 5Y4.94%
Sales Q2Q%29.62%
3.2 Future
The Earnings Per Share is expected to grow by 0.53% on average over the next years.
CQP is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.45% yearly.
EPS Next Y0.6%
EPS Next 2Y2.58%
EPS Next 3Y1.54%
EPS Next 5Y0.53%
Revenue Next Year28.94%
Revenue Next 2Y16.87%
Revenue Next 3Y9.46%
Revenue Next 5Y5.45%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
CQP is valuated correctly with a Price/Earnings ratio of 13.09.
CQP's Price/Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Earnings ratio of 26.19, CQP is valued rather cheaply.
A Price/Forward Earnings ratio of 12.03 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 (22.50), we can say CQP is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.09 | ||
| Fwd PE | 12.03 |
4.2 Price Multiples
CQP's Enterprise Value to EBITDA ratio is in line with the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of CQP indicates a somewhat cheap valuation: CQP is cheaper than 77.51% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.12 | ||
| EV/EBITDA | 10.55 |
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)21.67
PEG (5Y)0.96
EPS Next 2Y2.58%
EPS Next 3Y1.54%
5. Dividend
5.1 Amount
CQP has a Yearly Dividend Yield of 5.95%, which is a nice return.
Compared to an average industry Dividend Yield of 6.15, CQP pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.33, CQP pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.95% |
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.
Dividend Growth(5Y)12.15%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
102.00% of the earnings are spent on dividend by CQP. This is not a sustainable payout ratio.
The dividend of CQP is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP102%
EPS Next 2Y2.58%
EPS Next 3Y1.54%
53.79
+0.2 (+0.37%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners4.64%
Inst Owner Change0.01%
Ins Owners0.01%
Ins Owner Change7.37%
Market Cap26.04B
Revenue(TTM)9.96B
Net Income(TTM)2.00B
Analysts44.76
Price Target57.48 (6.86%)
Short Float %1.59%
Short Ratio6.65
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.95% |
Yearly Dividend4.62
Dividend Growth(5Y)12.15%
DP102%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-5.28%
Min EPS beat(2)-6.94%
Max EPS beat(2)-3.62%
EPS beat(4)1
Avg EPS beat(4)-1.17%
Min EPS beat(4)-6.94%
Max EPS beat(4)9.95%
EPS beat(8)5
Avg EPS beat(8)16.97%
EPS beat(12)7
Avg EPS beat(12)19.1%
EPS beat(16)9
Avg EPS beat(16)3.79%
Revenue beat(2)1
Avg Revenue beat(2)1.57%
Min Revenue beat(2)-3.27%
Max Revenue beat(2)6.41%
Revenue beat(4)2
Avg Revenue beat(4)0.23%
Min Revenue beat(4)-6.16%
Max Revenue beat(4)6.41%
Revenue beat(8)4
Avg Revenue beat(8)-0.85%
Revenue beat(12)7
Avg Revenue beat(12)0.2%
Revenue beat(16)11
Avg Revenue beat(16)4.59%
PT rev (1m)0%
PT rev (3m)-0.81%
EPS NQ rev (1m)0.1%
EPS NQ rev (3m)-1.28%
EPS NY rev (1m)-1.35%
EPS NY rev (3m)-3.32%
Revenue NQ rev (1m)-1.94%
Revenue NQ rev (3m)-3.51%
Revenue NY rev (1m)-3.97%
Revenue NY rev (3m)-4.27%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.09 | ||
| Fwd PE | 12.03 | ||
| P/S | 2.61 | ||
| P/FCF | 10.12 | ||
| P/OCF | 9.33 | ||
| P/B | N/A | ||
| P/tB | N/A | ||
| EV/EBITDA | 10.55 |
EPS(TTM)4.11
EY7.64%
EPS(NY)4.47
Fwd EY8.31%
FCF(TTM)5.32
FCFY9.89%
OCF(TTM)5.76
OCFY10.72%
SpS20.57
BVpS-0.7
TBVpS-0.7
PEG (NY)21.67
PEG (5Y)0.96
Graham NumberN/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.79% | ||
| ROE | N/A | ||
| ROCE | 20.82% | ||
| ROIC | 16.45% | ||
| ROICexc | 16.56% | ||
| ROICexgc | 16.56% | ||
| OM | 31.93% | ||
| PM (TTM) | 20.04% | ||
| GM | 39.92% | ||
| FCFM | 25.85% |
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%
ROICexgc growth 3Y12.26%
ROICexgc 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-Score5
Asset Turnover0.59
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | N/A | ||
| Debt/FCF | 5.76 | ||
| Debt/EBITDA | 3.68 | ||
| Cap/Depr | 31.58% | ||
| Cap/Sales | 2.17% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 72.21% | ||
| Profit Quality | 128.96% | ||
| Current Ratio | 0.61 | ||
| Quick Ratio | 0.52 | ||
| Altman-Z | N/A |
F-Score5
WACC7.9%
ROIC/WACC2.08
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)-13.29%
EPS 3Y12.44%
EPS 5Y13.56%
EPS Q2Q%-4.21%
EPS Next Y0.6%
EPS Next 2Y2.58%
EPS Next 3Y1.54%
EPS Next 5Y0.53%
Revenue 1Y (TTM)10.62%
Revenue growth 3Y-2.65%
Revenue growth 5Y4.94%
Sales Q2Q%29.62%
Revenue Next Year28.94%
Revenue Next 2Y16.87%
Revenue Next 3Y9.46%
Revenue Next 5Y5.45%
EBIT growth 1Y-14.75%
EBIT growth 3Y8.5%
EBIT growth 5Y10.67%
EBIT Next Year22.85%
EBIT Next 3Y6.31%
EBIT Next 5Y3.43%
FCF growth 1Y-31.18%
FCF growth 3Y19.65%
FCF growth 5Y67.1%
OCF growth 1Y-31.97%
OCF growth 3Y9.01%
OCF growth 5Y13.92%
CHENIERE ENERGY PARTNERS LP / CQP FAQ
What is the fundamental rating for CQP stock?
ChartMill assigns a fundamental rating of 5 / 10 to CQP.
Can you provide the valuation status for CHENIERE ENERGY PARTNERS LP?
ChartMill assigns a valuation rating of 4 / 10 to CHENIERE ENERGY PARTNERS LP (CQP). This can be considered as Fairly Valued.
What is the profitability of CQP stock?
CHENIERE ENERGY PARTNERS LP (CQP) has a profitability rating of 7 / 10.
What is the valuation of CHENIERE ENERGY PARTNERS LP based on its PE and PB ratios?
The Price/Earnings (PE) ratio for CHENIERE ENERGY PARTNERS LP (CQP) is 13.09 and the Price/Book (PB) ratio is -76.58.
What is the expected EPS growth for CHENIERE ENERGY PARTNERS LP (CQP) stock?
The Earnings per Share (EPS) of CHENIERE ENERGY PARTNERS LP (CQP) is expected to grow by 0.6% in the next year.