Hoegh LNG Partners LP (HMLP) Fundamental Analysis & Valuation

NYSE:HMLP • US45175B1098

Current stock price

9.24 USD
+0.01 (+0.11%)
Last:

This HMLP fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

0

1. HMLP Profitability Analysis

1.1 Basic Checks

  • In the past year HMLP was profitable.
HMLP Yearly Net Income VS EBIT VS OCF VS FCFHMLP Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 0 50M -50M

1.2 Ratios

Industry RankSector Rank
ROA 6.56%
ROE 11.53%
ROIC 7.01%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
HMLP Yearly ROA, ROE, ROICHMLP Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 5 10

1.3 Margins

Industry RankSector Rank
OM 52.59%
PM (TTM) 46.33%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
HMLP Yearly Profit, Operating, Gross MarginsHMLP Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 20 40 60 80

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1

2. HMLP Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), HMLP is destroying value.
  • Compared to 1 year ago, HMLP has more shares outstanding
  • Compared to 1 year ago, HMLP has an improved debt to assets ratio.
HMLP Yearly Shares OutstandingHMLP Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 10M 20M 30M
HMLP Yearly Total Debt VS Total AssetsHMLP Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 200M 400M 600M 800M 1B

2.2 Solvency

  • A Debt/Equity ratio of 0.55 indicates that HMLP is somewhat dependend on debt financing.
Industry RankSector Rank
Debt/Equity 0.55
Debt/FCF N/A
Altman-Z N/A
ROIC/WACC0.8
WACC8.75%
HMLP Yearly LT Debt VS Equity VS FCFHMLP Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 0 100M 200M 300M 400M 500M

2.3 Liquidity

  • A Current Ratio of 0.80 indicates that HMLP may have some problems paying its short term obligations.
  • HMLP has a Quick Ratio of 0.80. This is a bad value and indicates that HMLP is not financially healthy enough and could expect problems in meeting its short term obligations.
Industry RankSector Rank
Current Ratio 0.8
Quick Ratio 0.8
HMLP Yearly Current Assets VS Current LiabilitesHMLP Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 20M 40M 60M

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3

3. HMLP Growth Analysis

3.1 Past

  • HMLP shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 1.32%.
  • Measured over the past years, HMLP shows a quite strong growth in Earnings Per Share. The EPS has been growing by 9.53% on average per year.
  • Looking at the last year, HMLP shows a small growth in Revenue. The Revenue has grown by 1.84% in the last year.
  • The Revenue has been growing by 9.17% on average over the past years. This is quite good.
EPS 1Y (TTM)1.32%
EPS 3Y-12.93%
EPS 5Y9.53%
EPS Q2Q%800%
Revenue 1Y (TTM)1.84%
Revenue growth 3Y-1.23%
Revenue growth 5Y9.17%
Sales Q2Q%6.47%

3.2 Future

  • The Earnings Per Share is expected to grow by 4.05% on average over the next years.
  • Based on estimates for the next years, HMLP will show a decrease in Revenue. The Revenue will decrease by -1.01% on average per year.
EPS Next Y5.54%
EPS Next 2Y-1.01%
EPS Next 3Y4.43%
EPS Next 5Y4.05%
Revenue Next Year1.05%
Revenue Next 2Y-0.37%
Revenue Next 3Y-0.34%
Revenue Next 5Y-1.01%

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.
HMLP Yearly Revenue VS EstimatesHMLP Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 50M 100M 150M
HMLP Yearly EPS VS EstimatesHMLP Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5 2

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4

4. HMLP Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 6.00, which indicates a rather cheap valuation of HMLP.
  • When comparing the Price/Earnings ratio of HMLP to the average of the S&P500 Index (25.96), we can say HMLP is valued rather cheaply.
  • HMLP is valuated cheaply with a Price/Forward Earnings ratio of 7.04.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 24.04, HMLP is valued rather cheaply.
Industry RankSector Rank
PE 6
Fwd PE 7.04
HMLP Price Earnings VS Forward Price EarningsHMLP Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA 6.53
HMLP Per share dataHMLP EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

4.3 Compensation for Growth

  • HMLP's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.08
PEG (5Y)0.63
EPS Next 2Y-1.01%
EPS Next 3Y4.43%

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2

5. HMLP Dividend Analysis

5.1 Amount

  • HMLP has a yearly dividend return of 0.43%, which is pretty low.
  • Compared to an average S&P500 Dividend Yield of 1.91, HMLP's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.43%

5.2 History

  • The dividend of HMLP decreases each year by -35.60%.
  • HMLP has been paying a dividend for over 5 years, so it has already some track record.
Dividend Growth(5Y)-35.6%
Div Incr YearsN/A
Div Non Decr YearsN/A
HMLP Yearly Dividends per shareHMLP Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 0.5 1 1.5

5.3 Sustainability

  • 25.24% of the earnings are spent on dividend by HMLP. This is a low number and sustainable payout ratio.
DP25.24%
EPS Next 2Y-1.01%
EPS Next 3Y4.43%
HMLP Yearly Income VS Free CF VS DividendHMLP Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 0 50M -50M
HMLP Dividend Payout.HMLP Dividend Payout, showing the Payout Ratio.HMLP Dividend Payout.PayoutRetained Earnings

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HMLP Fundamentals: All Metrics, Ratios and Statistics

Hoegh LNG Partners LP

NYSE:HMLP (9/23/2022, 8:06:32 PM)

9.24

+0.01 (+0.11%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)08-24
Earnings (Next)11-16
Inst Owners0%
Inst Owner Change0%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap308.37M
Revenue(TTM)144.04M
Net Income(TTM)66.74M
Analysts78
Price Target12.18 (31.82%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.43%
Yearly Dividend0.47
Dividend Growth(5Y)-35.6%
DP25.24%
Div Incr YearsN/A
Div Non Decr YearsN/A
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
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)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
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)N/A
PT rev (3m)N/A
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
Industry RankSector Rank
PE 6
Fwd PE 7.04
P/S 2.14
P/FCF N/A
P/OCF N/A
P/B 0.53
P/tB N/A
EV/EBITDA 6.53
EPS(TTM)1.54
EY16.67%
EPS(NY)1.31
Fwd EY14.21%
FCF(TTM)N/A
FCFYN/A
OCF(TTM)N/A
OCFYN/A
SpS4.32
BVpS17.34
TBVpSN/A
PEG (NY)1.08
PEG (5Y)0.63
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA 6.56%
ROE 11.53%
ROCE N/A
ROIC 7.01%
ROICexc N/A
ROICexgc 7.08%
OM 52.59%
PM (TTM) 46.33%
GM N/A
FCFM N/A
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3Y0%
ROICexgc growth 5Y0%
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0.14
Health
Industry RankSector Rank
Debt/Equity 0.55
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.8
Quick Ratio 0.8
Altman-Z N/A
F-Score5
WACC8.75%
ROIC/WACC0.8
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
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)1.32%
EPS 3Y-12.93%
EPS 5Y9.53%
EPS Q2Q%800%
EPS Next Y5.54%
EPS Next 2Y-1.01%
EPS Next 3Y4.43%
EPS Next 5Y4.05%
Revenue 1Y (TTM)1.84%
Revenue growth 3Y-1.23%
Revenue growth 5Y9.17%
Sales Q2Q%6.47%
Revenue Next Year1.05%
Revenue Next 2Y-0.37%
Revenue Next 3Y-0.34%
Revenue Next 5Y-1.01%
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1YN/A
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1YN/A
OCF growth 3YN/A
OCF growth 5YN/A

Hoegh LNG Partners LP / HMLP Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for Hoegh LNG Partners LP?

ChartMill assigns a fundamental rating of 4 / 10 to HMLP.


Can you provide the valuation status for Hoegh LNG Partners LP?

ChartMill assigns a valuation rating of 8 / 10 to Hoegh LNG Partners LP (HMLP). This can be considered as Undervalued.


Can you provide the profitability details for Hoegh LNG Partners LP?

Hoegh LNG Partners LP (HMLP) has a profitability rating of 7 / 10.


Can you provide the financial health for HMLP stock?

The financial health rating of Hoegh LNG Partners LP (HMLP) is 1 / 10.


Is the dividend of Hoegh LNG Partners LP sustainable?

The dividend rating of Hoegh LNG Partners LP (HMLP) is 3 / 10 and the dividend payout ratio is 25.24%.