CHENIERE ENERGY PARTNERS LP (CQP) Stock Fundamental Analysis
NYSE:CQP - US16411Q1013
53.98 USD
-0.32 (-0.59%)
53.98 USD
0 (0%)
We assign a fundamental rating of 5 out of 10 to CQP. CQP was compared to 208 industry peers in the Oil, Gas & Consumable Fuels industry. While CQP belongs to the best of the industry regarding profitability, 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.
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 better Return On Assets (11.79%) than 89.42% of its industry peers.
The Return On Invested Capital of CQP (16.45%) is better than 93.27% of its industry peers.
The Average Return On Invested Capital over the past 3 years for CQP is below the industry average of 23.39%.
| 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's Profit Margin of 20.04% is fine compared to the rest of the industry. CQP outperforms 71.15% of its industry peers.
In the last couple of years the Profit Margin of CQP has grown nicely.
With a decent Operating Margin value of 31.93%, CQP is doing good in the industry, outperforming 75.96% of the companies in the same industry.
In the last couple of years the Operating Margin of CQP has grown nicely.
CQP has a Gross Margin (39.92%) 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 | 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
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), CQP is creating value.
The number of shares outstanding for CQP remains at a similar level compared to 1 year ago.
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
The Debt to FCF ratio of CQP is 5.76, which is a neutral value as it means it would take CQP, 5.76 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 5.76, CQP is in line with its industry, outperforming 59.62% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | N/A | ||
| Debt/FCF | 5.76 | ||
| Altman-Z | N/A |
ROIC/WACC1.89
WACC8.72%
2.3 Liquidity
A Current Ratio of 0.61 indicates that CQP may have some problems paying its short term obligations.
CQP has a worse Current ratio (0.61) than 82.21% of its industry peers.
CQP has a Quick 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.
The Quick ratio of CQP (0.52) is worse than 81.73% 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%.
CQP shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 13.56% yearly.
Looking at the last year, CQP shows a quite strong growth in Revenue. The Revenue has grown by 10.62% in the last year.
CQP shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.94% yearly.
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
Based on estimates for the next years, CQP will show a small growth in Earnings Per Share. The EPS will grow by 0.53% on average per year.
CQP is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.45% yearly.
EPS Next Y1.79%
EPS Next 2Y1.74%
EPS Next 3Y2.71%
EPS Next 5Y0.53%
Revenue Next Year34.27%
Revenue Next 2Y18.56%
Revenue Next 3Y9.44%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
CQP is valuated correctly with a Price/Earnings ratio of 13.13.
60.58% of the companies in the same industry are more expensive than CQP, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 27.03. CQP is valued rather cheaply when compared to this.
A Price/Forward Earnings ratio of 12.27 indicates a correct valuation of CQP.
The rest of the industry has a similar Price/Forward Earnings ratio as CQP.
CQP is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.63, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.13 | ||
| Fwd PE | 12.27 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of CQP is on the same level as its industry peers.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of CQP indicates a somewhat cheap valuation: CQP is cheaper than 74.04% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.15 | ||
| EV/EBITDA | 10.57 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
CQP has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)7.33
PEG (5Y)0.97
EPS Next 2Y1.74%
EPS Next 3Y2.71%
5. Dividend
5.1 Amount
CQP has a Yearly Dividend Yield of 5.84%, which is a nice return.
Compared to an average industry Dividend Yield of 6.33, CQP pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.34, CQP pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.84% |
5.2 History
On average, the dividend of CQP grows each year by 12.15%, which is quite nice.
CQP has been paying a dividend for at least 10 years, so it has 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 2Y1.74%
EPS Next 3Y2.71%
53.98
-0.32 (-0.59%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners4.65%
Inst Owner Change-0.01%
Ins Owners0.01%
Ins Owner Change0.02%
Market Cap26.13B
Analysts45.45
Price Target57.59 (6.69%)
Short Float %1.55%
Short Ratio3.54
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.84% |
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)-1.21%
PT rev (3m)1.08%
EPS NQ rev (1m)-2.09%
EPS NQ rev (3m)-2.02%
EPS NY rev (1m)-2.18%
EPS NY rev (3m)0.34%
Revenue NQ rev (1m)-1.61%
Revenue NQ rev (3m)-2.3%
Revenue NY rev (1m)-0.31%
Revenue NY rev (3m)-1.62%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.13 | ||
| Fwd PE | 12.27 | ||
| P/S | 2.62 | ||
| P/FCF | 10.15 | ||
| P/OCF | 9.37 | ||
| P/B | N/A | ||
| P/tB | N/A | ||
| EV/EBITDA | 10.57 |
EPS(TTM)4.11
EY7.61%
EPS(NY)4.4
Fwd EY8.15%
FCF(TTM)5.32
FCFY9.85%
OCF(TTM)5.76
OCFY10.68%
SpS20.57
BVpS-0.7
TBVpS-0.7
PEG (NY)7.33
PEG (5Y)0.97
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%
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-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
WACC8.72%
ROIC/WACC1.89
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 Y1.79%
EPS Next 2Y1.74%
EPS Next 3Y2.71%
EPS Next 5Y0.53%
Revenue 1Y (TTM)10.62%
Revenue growth 3Y-2.65%
Revenue growth 5Y4.94%
Sales Q2Q%29.62%
Revenue Next Year34.27%
Revenue Next 2Y18.56%
Revenue Next 3Y9.44%
Revenue Next 5Y5.45%
EBIT growth 1Y-14.75%
EBIT growth 3Y8.5%
EBIT growth 5Y10.67%
EBIT Next Year24.5%
EBIT Next 3Y6.27%
EBIT Next 5Y3.57%
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%