CHENIERE ENERGY PARTNERS LP (CQP)

US16411Q1013

49.39  +0.29 (+0.59%)

After market: 49.39 0 (0%)

Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to CQP. CQP was compared to 214 industry peers in the Oil, Gas & Consumable Fuels industry. While CQP has a great profitability rating, there are quite some concerns on its financial health. CQP has a correct valuation and a medium growth rate.



8

1. Profitability

1.1 Basic Checks

CQP had positive earnings in the past year.
In the past year CQP had a positive cash flow from operations.
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

The Return On Assets of CQP (18.58%) is better than 83.57% of its industry peers.
The Return On Invested Capital of CQP (24.06%) is better than 91.08% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for CQP is significantly below the industry average of 48.71%.
The last Return On Invested Capital (24.06%) for CQP is above the 3 year average (16.95%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 18.58%
ROE N/A
ROIC 24.06%
ROA(3y)11.38%
ROA(5y)9.06%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)16.95%
ROIC(5y)13.71%

1.3 Margins

CQP's Profit Margin of 34.80% is fine compared to the rest of the industry. CQP outperforms 76.06% of its industry peers.
CQP's Profit Margin has improved in the last couple of years.
CQP has a better Operating Margin (52.11%) than 85.45% of its industry peers.
CQP's Operating Margin has improved in the last couple of years.
CQP has a better Gross Margin (60.16%) than 63.38% of its industry peers.
In the last couple of years the Gross Margin of CQP has grown nicely.
Industry RankSector Rank
OM 52.11%
PM (TTM) 34.8%
GM 60.16%
OM growth 3Y14.69%
OM growth 5Y9.92%
PM growth 3Y26.27%
PM growth 5Y12.99%
GM growth 3Y9.95%
GM growth 5Y8.28%

3

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.
CQP has about the same amout of shares outstanding than it did 1 year ago.
CQP has about the same amout of shares outstanding than it did 5 years ago.
CQP has a worse debt/assets ratio than last year.

2.2 Solvency

CQP has a debt to FCF ratio of 5.51. This is a neutral value as CQP would need 5.51 years to pay back of all of its debts.
With a Debt to FCF ratio value of 5.51, CQP perfoms like the industry average, outperforming 52.11% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 5.51
Altman-Z N/A
ROIC/WACC3.5
WACC6.87%

2.3 Liquidity

A Current Ratio of 1.01 indicates that CQP should not have too much problems paying its short term obligations.
With a Current ratio value of 1.01, CQP is not doing good in the industry: 60.56% of the companies in the same industry are doing better.
A Quick Ratio of 0.92 indicates that CQP may have some problems paying its short term obligations.
CQP has a Quick ratio (0.92) which is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 1.01
Quick Ratio 0.92

4

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 549.53% over the past year.
CQP shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 22.20% yearly.
The Revenue for CQP has decreased by -43.83% in the past year. This is quite bad
CQP shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 8.50% yearly.
EPS 1Y (TTM)549.53%
EPS 3Y44.36%
EPS 5Y22.2%
EPS growth Q2Q-41.32%
Revenue 1Y (TTM)-43.83%
Revenue growth 3Y16.15%
Revenue growth 5Y8.5%
Revenue growth Q2Q-43.11%

3.2 Future

Based on estimates for the next years, CQP will show a decrease in Earnings Per Share. The EPS will decrease by -8.31% on average per year.
Based on estimates for the next years, CQP will show a small growth in Revenue. The Revenue will grow by 1.14% on average per year.
EPS Next Y-44.69%
EPS Next 2Y-20.98%
EPS Next 3Y-15.06%
EPS Next 5Y-8.31%
Revenue Next Year-1.42%
Revenue Next 2Y8.67%
Revenue Next 3Y3.8%
Revenue Next 5Y1.14%

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.

5

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 7.11, the valuation of CQP can be described as very cheap.
Compared to the rest of the industry, the Price/Earnings ratio of CQP indicates a somewhat cheap valuation: CQP is cheaper than 75.12% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of CQP to the average of the S&P500 Index (26.48), we can say CQP is valued rather cheaply.
With a Price/Forward Earnings ratio of 12.85, CQP is valued correctly.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CQP is on the same level as its industry peers.
CQP is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.79, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 7.11
Fwd PE 12.85

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.
Based on the Price/Free Cash Flow ratio, CQP is valued a bit cheaper than the industry average as 70.89% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 8.28
EV/EBITDA 6.85

4.3 Compensation for Growth

CQP has an outstanding profitability rating, which may justify a higher PE ratio.
A cheap valuation may be justified as CQP's earnings are expected to decrease with -15.06% in the coming years.
PEG (NY)N/A
PEG (5Y)0.32
EPS Next 2Y-20.98%
EPS Next 3Y-15.06%

6

5. Dividend

5.1 Amount

CQP has a Yearly Dividend Yield of 6.13%, which is a nice return.
CQP's Dividend Yield is a higher than the industry average which is at 5.82.
CQP's Dividend Yield is rather good when compared to the S&P500 average which is at 2.34.
Industry RankSector Rank
Dividend Yield 6.13%

5.2 History

The dividend of CQP is nicely growing with an annual growth rate of 21.17%!
CQP has been paying a dividend for at least 10 years, so it has a reliable track record.
As CQP did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)21.17%
Div Incr Years6
Div Non Decr Years6

5.3 Sustainability

86.44% of the earnings are spent on dividend by CQP. This is not a sustainable payout ratio.
The Dividend Rate of CQP has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP86.44%
EPS Next 2Y-20.98%
EPS Next 3Y-15.06%

CHENIERE ENERGY PARTNERS LP

NYSE:CQP (3/28/2024, 7:05:15 PM)

After market: 49.39 0 (0%)

49.39

+0.29 (+0.59%)

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 Cap23.91B
Analysts
Price Target
Dividend
Industry RankSector Rank
Dividend Yield 6.13%
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)
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Revenue beat(2)
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Revenue beat(16)
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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 RankSector Rank
PE 7.11
Fwd PE 12.85
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)N/A
PEG (5Y)0.32
Profitability
Industry RankSector Rank
ROA 18.58%
ROE N/A
ROCE
ROIC
ROICexc
ROICexgc
OM 52.11%
PM (TTM) 34.8%
GM 60.16%
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 Turnover0.53
Health
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF
Debt/EBITDA
Cap/Depr
Cap/Sales
Interest Coverage
Cash Conversion
Profit Quality
Current Ratio 1.01
Quick Ratio 0.92
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)549.53%
EPS 3Y44.36%
EPS 5Y
EPS growth Q2Q
EPS Next Y-44.69%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-43.83%
Revenue growth 3Y16.15%
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