Gaslog Partners LP (GLOP)
MHY2687W1084
We assign a fundamental rating of 4 out of 10 to GLOP. GLOP was compared to 214 industry peers in the Oil, Gas & Consumable Fuels industry. There are concerns on the financial health of GLOP while its profitability can be described as average. GLOP has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year GLOP was profitable.
GLOP had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: GLOP reported negative net income in multiple years.
GLOP had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
GLOP's Return On Assets of 4.79% is on the low side compared to the rest of the industry. GLOP is outperformed by 67.91% of its industry peers.
Looking at the Return On Equity, with a value of 9.53%, GLOP is doing worse than 70.23% of the companies in the same industry.
With a Return On Invested Capital value of 9.57%, GLOP is not doing good in the industry: 60.47% of the companies in the same industry are doing better.
Measured over the past 3 years, the Average Return On Invested Capital for GLOP is significantly below the industry average of 44.58%.
The 3 year average ROIC (6.43%) for GLOP is below the current ROIC(9.57%), indicating increased profibility in the last year.
| 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
GLOP has a Profit Margin (24.56%) which is in line with its industry peers.
GLOP's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 52.25%, GLOP is in the better half of the industry, outperforming 77.21% of the companies in the same industry.
In the last couple of years the Operating Margin of GLOP has remained more or less at the same level.
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.
GLOP has more shares outstanding than it did 1 year ago.
The number of shares outstanding for GLOP has been increased compared to 5 years ago.
GLOP has a better debt/assets ratio than last year.
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 has a Debt to FCF ratio of 3.27. This is comparable 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.
The Debt to Equity ratio of GLOP (0.67) is worse than 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.
GLOP's Current ratio of 0.99 is on the low side compared to the rest of the industry. GLOP is outperformed by 64.65% of its industry peers.
A Quick Ratio of 0.98 indicates that GLOP may have some problems paying its short term obligations.
With a Quick ratio value of 0.98, GLOP perfoms like the industry average, 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.
Looking at the last year, GLOP shows a quite strong growth in Revenue. The Revenue has grown by 18.53% in the last year.
The Revenue has been decreasing by -1.58% on average over the past years.
EPS 1Y (TTM)81.54%
EPS 3Y12.01%
EPS 5Y-0.37%
EPS growth Q2Q51.22%
Revenue 1Y (TTM)18.53%
Revenue growth 3Y-0.68%
Revenue growth 5Y-1.58%
Revenue growth Q2Q15.93%
3.2 Future
GLOP is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -19.08% yearly.
The Revenue is expected to decrease by -6.60% on average over the next years.
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
A Price/Earnings ratio of 3.66 indicates a rather cheap valuation of GLOP.
79.07% of the companies in the same industry are more expensive than GLOP, based on the Price/Earnings ratio.
GLOP is valuated cheaply when we compare the Price/Earnings ratio to 24.55, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 6.70 indicates a rather cheap valuation of GLOP.
68.84% of the companies in the same industry are more expensive than GLOP, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 20.92, GLOP is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.66 | ||
| Fwd PE | 6.7 |
4.2 Price Multiples
GLOP's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. GLOP is cheaper than 63.72% of the companies in the same industry.
97.21% of the companies in the same industry are more expensive than GLOP, based on the Price/Free Cash Flow ratio.
| 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 GLOP does not grow enough to justify the current Price/Earnings ratio.
GLOP's earnings are expected to decrease with -19.08% in the coming years. This may justify a cheaper valuation.
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.
Compared to an average industry Dividend Yield of 5.72, GLOP is paying slightly less dividend.
With a Dividend Yield of 0.46, GLOP pays less dividend than the S&P500 average, which is at 2.39.
| 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%
Gaslog Partners LP
NYSE:GLOP (7/12/2023, 7:11:22 PM)
Premarket: 8 -0.63 (-7.3%)8.63
-0.01 (-0.12%)
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 Cap458.97M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.46% |
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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EPS beat(4)
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EPS beat(8)
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EPS beat(12)
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EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
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Revenue beat(4)
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Revenue beat(8)
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Revenue beat(12)
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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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.66 | ||
| Fwd PE | 6.7 | ||
| 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)2.1
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.79% | ||
| ROE | 9.53% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 52.25% | ||
| PM (TTM) | 24.56% | ||
| GM | 79.98% | ||
| 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 Turnover0.2
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.67 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.99 | ||
| Quick Ratio | 0.98 | ||
| 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)81.54%
EPS 3Y12.01%
EPS 5Y
EPS growth Q2Q
EPS Next Y1.74%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)18.53%
Revenue growth 3Y-0.68%
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