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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

We assign a fundamental rating of 2 out of 10 to HMLP. HMLP was compared to 60 industry peers in the Energy Equipment & Services industry. HMLP has a bad profitability rating. Also its financial health evaluation is rather negative. HMLP has a valuation in line with the averages, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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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 2015 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 2015 2016 2017 2018 2019 2020 2021 5 10 15

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 2015 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.
Compared to 1 year ago, HMLP has more shares outstanding
The debt/assets ratio for HMLP has been reduced compared to a year ago.
HMLP Yearly Shares OutstandingHMLP Yearly Shares OutstandingYearly Shares Outstanding 2015 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 2015 2016 2017 2018 2019 2020 2021 200M 400M 600M 800M 1B

2.2 Solvency

HMLP has a Debt/Equity ratio of 0.55. This is a neutral value indicating 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 2015 2016 2017 2018 2019 2020 2021 0 100M 200M 300M 400M 500M

2.3 Liquidity

HMLP has a Current 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.
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 2015 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.
The Earnings Per Share has been growing by 9.53% on average over the past years. This is quite good.
The Revenue has been growing slightly by 1.84% in the past year.
Measured over the past years, HMLP shows a quite strong growth in Revenue. The Revenue has been growing by 9.17% on average per year.
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.
HMLP is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -1.01% yearly.
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 2014 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 2014 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

HMLP is valuated cheaply with a Price/Earnings ratio of 6.00.
HMLP is valuated cheaply when we compare the Price/Earnings ratio to 25.45, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 7.04, the valuation of HMLP can be described as very cheap.
The average S&P500 Price/Forward Earnings ratio is at 34.46. HMLP is valued rather cheaply when compared to this.
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

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

The 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.
Compared to an average S&P500 Dividend Yield of 2.42, 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 2015 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 2015 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 2022-08-24/bmo
Earnings (Next)11-16 2022-11-16
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.


What is the valuation status for HMLP stock?

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.


What is the expected EPS growth for Hoegh LNG Partners LP (HMLP) stock?

The Earnings per Share (EPS) of Hoegh LNG Partners LP (HMLP) is expected to grow by 5.54% in the next year.


How sustainable is the dividend of Hoegh LNG Partners LP (HMLP) stock?

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