Gaslog Partners LP (GLOP) Stock Fundamental Analysis
NYSE:GLOP - New York Stock Exchange, Inc. - MHY2687W1084 - Currency: USD
GLOP gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 213 industry peers in the Oil, Gas & Consumable Fuels industry. While GLOP is still in line with the averages on profitability rating, there are concerns on its financial health. GLOP is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
GLOP had positive earnings in the past year.
In the past year GLOP had a positive cash flow from operations.
In multiple years GLOP reported negative net income over the last 5 years.
Each year in the past 5 years GLOP had a positive operating cash flow.
1.2 Ratios
With a Return On Assets value of 4.79%, GLOP is not doing good in the industry: 67.91% of the companies in the same industry are doing better.
With a Return On Equity value of 9.53%, GLOP is not doing good in the industry: 70.23% of the companies in the same industry are doing better.
GLOP has a Return On Invested Capital of 9.57%. This is in the lower half of the industry: GLOP underperforms 60.47% of its industry peers.
GLOP had an Average Return On Invested Capital over the past 3 years of 6.43%. This is significantly below the industry average of 23.98%.
The last Return On Invested Capital (9.57%) for GLOP is above the 3 year average (6.43%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.79% | ||
| ROE | 9.53% | ||
| ROIC | 9.57% |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)6.43%
ROIC(5y)6.63%
1.3 Margins
With a Profit Margin value of 24.56%, GLOP perfoms like the industry average, outperforming 53.95% of the companies in the same industry.
GLOP's Profit Margin has improved in the last couple of years.
With a decent Operating Margin value of 52.25%, GLOP is doing good in the industry, outperforming 77.21% of the companies in the same industry.
GLOP's Operating Margin has been stable in the last couple of years.
GLOP has a better Gross Margin (79.98%) than 81.86% of its industry peers.
GLOP's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 52.25% | ||
| PM (TTM) | 24.56% | ||
| GM | 79.98% |
OM growth 3Y0.69%
OM growth 5Y-1.45%
PM growth 3YN/A
PM growth 5Y3.05%
GM growth 3Y0.38%
GM growth 5Y-0.27%
2. Health
2.1 Basic Checks
GLOP has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
The number of shares outstanding for GLOP has been increased compared to 1 year ago.
Compared to 1 year ago, GLOP has an improved debt to assets ratio.
2.2 Solvency
GLOP has a debt to FCF ratio of 3.27. This is a good value and a sign of high solvency as GLOP would need 3.27 years to pay back of all of its debts.
GLOP's Debt to FCF ratio of 3.27 is in line compared to the rest of the industry. GLOP outperforms 54.42% of its industry peers.
GLOP has a Debt/Equity ratio of 0.67. This is a neutral value indicating GLOP is somewhat dependend on debt financing.
GLOP has a Debt to Equity ratio of 0.67. This is in the lower half of the industry: GLOP underperforms 64.19% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.67 | ||
| Debt/FCF | 3.27 | ||
| Altman-Z | N/A |
ROIC/WACC1.31
WACC7.3%
2.3 Liquidity
A Current Ratio of 0.99 indicates that GLOP may have some problems paying its short term obligations.
With a Current ratio value of 0.99, GLOP is not doing good in the industry: 64.65% of the companies in the same industry are doing better.
GLOP has a Quick Ratio of 0.99. This is a bad value and indicates that GLOP is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.98, GLOP is in line with its industry, outperforming 46.51% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.99 | ||
| Quick Ratio | 0.98 |
3. Growth
3.1 Past
GLOP shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 81.54%, which is quite impressive.
GLOP shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -0.37% yearly.
The Revenue has grown by 18.53% in the past year. This is quite good.
GLOP shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -1.58% yearly.
EPS 1Y (TTM)81.54%
EPS 3Y12.01%
EPS 5Y-0.37%
EPS Q2Q%51.22%
Revenue 1Y (TTM)18.53%
Revenue growth 3Y-0.68%
Revenue growth 5Y-1.58%
Sales Q2Q%15.93%
3.2 Future
The Earnings Per Share is expected to decrease by -19.08% on average over the next years. This is quite bad
Based on estimates for the next years, GLOP will show a decrease in Revenue. The Revenue will decrease by -6.60% on average per year.
EPS Next Y1.74%
EPS Next 2Y-22.61%
EPS Next 3Y-19.08%
EPS Next 5YN/A
Revenue Next Year-0.38%
Revenue Next 2Y-7.27%
Revenue Next 3Y-6.6%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 3.66, which indicates a rather cheap valuation of GLOP.
Based on the Price/Earnings ratio, GLOP is valued a bit cheaper than the industry average as 79.07% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 26.43. GLOP is valued rather cheaply when compared to this.
GLOP is valuated cheaply with a Price/Forward Earnings ratio of 6.70.
Based on the Price/Forward Earnings ratio, GLOP is valued a bit cheaper than the industry average as 68.84% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of GLOP to the average of the S&P500 Index (22.17), we can say GLOP is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.66 | ||
| Fwd PE | 6.7 |
4.2 Price Multiples
63.72% of the companies in the same industry are more expensive than GLOP, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, GLOP is valued cheaply inside the industry as 97.21% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 1.63 | ||
| EV/EBITDA | 3.6 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
A cheap valuation may be justified as GLOP's earnings are expected to decrease with -19.08% in the coming years.
PEG (NY)2.1
PEG (5Y)N/A
EPS Next 2Y-22.61%
EPS Next 3Y-19.08%
5. Dividend
5.1 Amount
GLOP has a yearly dividend return of 0.46%, which is pretty low.
GLOP's Dividend Yield is slightly below the industry average, which is at 6.81.
Compared to an average S&P500 Dividend Yield of 2.38, GLOP's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.46% |
5.2 History
The dividend of GLOP decreases each year by -25.08%.
GLOP has been paying a dividend for at least 10 years, so it has a reliable track record.
GLOP has decreased its dividend recently.
Dividend Growth(5Y)-25.08%
Div Incr Years0
Div Non Decr Years1
5.3 Sustainability
GLOP pays out 29.80% of its income as dividend. This is a sustainable payout ratio.
The Dividend Rate of GLOP has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP29.8%
EPS Next 2Y-22.61%
EPS Next 3Y-19.08%
8.63
-0.01 (-0.12%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners0.01%
Inst Owner Change0%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap458.97M
Analysts47.5
Price Target8.91 (3.24%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.46% |
Yearly Dividend0.55
Dividend Growth(5Y)-25.08%
DP29.8%
Div Incr Years0
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)15.79%
Min EPS beat(2)0.3%
Max EPS beat(2)31.28%
EPS beat(4)4
Avg EPS beat(4)30.01%
Min EPS beat(4)0.3%
Max EPS beat(4)79.2%
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)2
Avg Revenue beat(2)8.18%
Min Revenue beat(2)6.93%
Max Revenue beat(2)9.43%
Revenue beat(4)4
Avg Revenue beat(4)9.45%
Min Revenue beat(4)1.73%
Max Revenue beat(4)19.73%
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%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-6.4%
EPS NY rev (1m)0%
EPS NY rev (3m)1.64%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.68%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.99%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.66 | ||
| Fwd PE | 6.7 | ||
| P/S | 1.19 | ||
| P/FCF | 1.63 | ||
| P/OCF | 1.61 | ||
| P/B | 0.46 | ||
| P/tB | 0.46 | ||
| EV/EBITDA | 3.6 |
EPS(TTM)2.36
EY27.35%
EPS(NY)1.29
Fwd EY14.92%
FCF(TTM)5.29
FCFY61.31%
OCF(TTM)5.38
OCFY62.29%
SpS7.23
BVpS18.63
TBVpS18.63
PEG (NY)2.1
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.79% | ||
| ROE | 9.53% | ||
| ROCE | N/A | ||
| ROIC | 9.57% | ||
| ROICexc | 11.53% | ||
| ROICexgc | 11.53% | ||
| OM | 52.25% | ||
| PM (TTM) | 24.56% | ||
| GM | 79.98% | ||
| FCFM | N/A |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)6.43%
ROIC(5y)6.63%
ROICexc(3y)7.04%
ROICexc(5y)7.16%
ROICexgc(3y)7.04%
ROICexgc(5y)7.16%
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3Y9.38%
ROICexcg growth 5Y3.14%
ROICexc growth 3Y9.38%
ROICexc growth 5Y3.14%
OM growth 3Y0.69%
OM growth 5Y-1.45%
PM growth 3YN/A
PM growth 5Y3.05%
GM growth 3Y0.38%
GM growth 5Y-0.27%
F-Score9
Asset Turnover0.2
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.67 | ||
| Debt/FCF | 3.27 | ||
| Debt/EBITDA | 3.18 | ||
| Cap/Depr | 5.08% | ||
| Cap/Sales | N/A | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 297.9% | ||
| Current Ratio | 0.99 | ||
| Quick Ratio | 0.98 | ||
| Altman-Z | N/A |
F-Score9
WACC7.3%
ROIC/WACC1.31
Cap/Depr(3y)18.01%
Cap/Depr(5y)19.44%
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)81.54%
EPS 3Y12.01%
EPS 5Y-0.37%
EPS Q2Q%51.22%
EPS Next Y1.74%
EPS Next 2Y-22.61%
EPS Next 3Y-19.08%
EPS Next 5YN/A
Revenue 1Y (TTM)18.53%
Revenue growth 3Y-0.68%
Revenue growth 5Y-1.58%
Sales Q2Q%15.93%
Revenue Next Year-0.38%
Revenue Next 2Y-7.27%
Revenue Next 3Y-6.6%
Revenue Next 5YN/A
EBIT growth 1Y43.14%
EBIT growth 3Y0%
EBIT growth 5Y-3%
EBIT Next Year53.2%
EBIT Next 3Y8%
EBIT Next 5YN/A
FCF growth 1Y51.18%
FCF growth 3Y6.91%
FCF growth 5Y2.01%
OCF growth 1Y36.19%
OCF growth 3Y5.12%
OCF growth 5Y1.79%