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Hoegh LNG Partners LP (HMLP) Stock Fundamental Analysis

USA - New York Stock Exchange - NYSE:HMLP - US45175B1098 - ADR

9.24 USD
+0.01 (+0.11%)
Last: 9/23/2022, 8:06:32 PM
Fundamental Rating

2

Taking everything into account, HMLP scores 2 out of 10 in our fundamental rating. HMLP was compared to 62 industry peers in the Energy Equipment & Services industry. HMLP has a bad profitability rating. Also its financial health evaluation is rather negative. HMLP is valued correctly, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

0

1. Profitability

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. Health

2.1 Basic Checks

  • HMLP has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • The number of shares outstanding for HMLP has been increased compared to 1 year ago.
  • 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.
  • A Quick Ratio of 0.80 indicates that HMLP may have some problems paying 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. Growth

3.1 Past

  • The Earnings Per Share has been growing slightly by 1.32% over the past year.
  • HMLP shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 9.53% yearly.
  • The Revenue has been growing slightly by 1.84% in the past 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

  • Based on estimates for the next years, HMLP will show a small growth in Earnings Per Share. The EPS will grow by 4.05% on average per year.
  • 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

  • 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 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. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 6.00, the valuation of HMLP can be described as very cheap.
  • When comparing the Price/Earnings ratio of HMLP to the average of the S&P500 Index (26.94), we can say HMLP is valued rather cheaply.
  • A Price/Forward Earnings ratio of 7.04 indicates a rather cheap valuation of HMLP.
  • HMLP is valuated cheaply when we compare the Price/Forward Earnings ratio to 23.94, which is the current average of the S&P500 Index.
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 10 20 30 40 50

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. Dividend

5.1 Amount

  • With a yearly dividend of 0.43%, HMLP is not a good candidate for dividend investing.
  • With a Dividend Yield of 0.43, HMLP pays less dividend than the S&P500 average, which is at 1.83.
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

  • HMLP pays out 25.24% of its income as dividend. This is a 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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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 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%.