Hoegh LNG Partners LP (HMLP)
US45175B1098 - ADR
We assign a fundamental rating of 2 out of 10 to HMLP. HMLP was compared to 65 industry peers in the Energy Equipment & Services industry. HMLP may be in some trouble as it scores bad on both profitability and health. HMLP is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
HMLP had positive earnings in the past year.
Each year in the past 5 years HMLP has been profitable.
In the past 5 years HMLP always reported a positive cash flow from operatings.
1.2 Ratios
| Industry Rank | Sector 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
1.3 Margins
| Industry Rank | Sector 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
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
HMLP has a better debt/assets ratio than last year.
2.2 Solvency
A Debt/Equity ratio of 0.55 indicates that HMLP is somewhat dependend on debt financing.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.55 | ||
| Debt/FCF | N/A | ||
| Altman-Z | N/A |
ROIC/WACC0.8
WACC8.75%
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.
A Quick Ratio of 0.80 indicates that HMLP may have some problems paying its short term obligations.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.8 | ||
| Quick Ratio | 0.8 |
3. Growth
3.1 Past
HMLP shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 1.32%.
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 growth Q2Q800%
Revenue 1Y (TTM)1.84%
Revenue growth 3Y-1.23%
Revenue growth 5Y9.17%
Revenue growth Q2Q6.47%
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
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
Based on the Price/Earnings ratio of 6.00, the valuation of HMLP can be described as very cheap.
HMLP is valuated cheaply when we compare the Price/Earnings ratio to 24.84, which is the current average of the S&P500 Index.
HMLP is valuated cheaply with a Price/Forward Earnings ratio of 7.04.
When comparing the Price/Forward Earnings ratio of HMLP to the average of the S&P500 Index (21.35), we can say HMLP is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6 | ||
| Fwd PE | 7.04 |
4.2 Price Multiples
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 6.53 |
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%
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 2.41, HMLP's dividend is way lower than the S&P500 average.
| Industry Rank | Sector 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
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%
Hoegh LNG Partners LP
NYSE:HMLP (9/23/2022, 7:06:32 PM)
9.24
+0.01 (+0.11%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap308.37M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.43% |
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)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
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 | 6 | ||
| Fwd PE | 7.04 | ||
| 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)1.08
PEG (5Y)0.63
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.56% | ||
| ROE | 11.53% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 52.59% | ||
| PM (TTM) | 46.33% | ||
| GM | N/A | ||
| 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 Turnover0.14
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.55 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.8 | ||
| Quick Ratio | 0.8 | ||
| 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)1.32%
EPS 3Y-12.93%
EPS 5Y
EPS growth Q2Q
EPS Next Y5.54%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)1.84%
Revenue growth 3Y-1.23%
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