NGL ENERGY PARTNERS LP (NGL) Stock Fundamental Analysis
USA - NYSE:NGL - US62913M1071
6.06 USD
+0.06 (+1%)
6.15 USD
+0.09 (+1.49%)
We assign a fundamental rating of 3 out of 10 to NGL. NGL was compared to 211 industry peers in the Oil, Gas & Consumable Fuels industry. Both the profitability and financial health of NGL have multiple concerns. NGL has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
In the past year NGL has reported negative net income.
In the past year NGL had a positive cash flow from operations.
In the past 5 years NGL always reported negative net income.
In the past 5 years NGL always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of -1.88%, NGL is doing worse than 71.56% of the companies in the same industry.
NGL's Return On Equity of -12.95% is on the low side compared to the rest of the industry. NGL is outperformed by 73.93% of its industry peers.
NGL's Return On Invested Capital of 7.58% is fine compared to the rest of the industry. NGL outperforms 66.35% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for NGL is significantly below the industry average of 21.71%.
The 3 year average ROIC (6.45%) for NGL is below the current ROIC(7.58%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.88% | ||
| ROE | -12.95% | ||
| ROIC | 7.58% |
ROA(3y)-2.9%
ROA(5y)-5.15%
ROE(3y)-15.38%
ROE(5y)-24.1%
ROIC(3y)6.45%
ROIC(5y)4.69%
1.3 Margins
With a Operating Margin value of 10.28%, NGL is not doing good in the industry: 61.61% of the companies in the same industry are doing better.
In the last couple of years the Operating Margin of NGL has grown nicely.
NGL has a Gross Margin of 27.73%. This is comparable to the rest of the industry: NGL outperforms 40.28% of its industry peers.
NGL's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 10.28% | ||
| PM (TTM) | N/A | ||
| GM | 27.73% |
OM growth 3Y67.94%
OM growth 5Y25.25%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y39.69%
GM growth 5Y16.51%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so NGL is destroying value.
NGL has less shares outstanding than it did 1 year ago.
The number of shares outstanding for NGL has been increased compared to 5 years ago.
Compared to 1 year ago, NGL has a worse debt to assets ratio.
2.2 Solvency
NGL has a debt to FCF ratio of 20.51. This is a negative value and a sign of low solvency as NGL would need 20.51 years to pay back of all of its debts.
NGL's Debt to FCF ratio of 20.51 is in line compared to the rest of the industry. NGL outperforms 44.55% of its industry peers.
A Debt/Equity ratio of 4.72 is on the high side and indicates that NGL has dependencies on debt financing.
With a Debt to Equity ratio value of 4.72, NGL is not doing good in the industry: 88.63% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 4.72 | ||
| Debt/FCF | 20.51 | ||
| Altman-Z | N/A |
ROIC/WACC0.78
WACC9.72%
2.3 Liquidity
NGL has a Current Ratio of 1.25. This is a normal value and indicates that NGL is financially healthy and should not expect problems in meeting its short term obligations.
NGL has a Current ratio (1.25) which is comparable to the rest of the industry.
NGL has a Quick Ratio of 1.08. This is a normal value and indicates that NGL is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of NGL (1.08) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.25 | ||
| Quick Ratio | 1.08 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 81.02% over the past year.
The Revenue for NGL has decreased by -16.47% in the past year. This is quite bad
The Revenue for NGL have been decreasing by -14.48% on average. This is quite bad
EPS 1Y (TTM)81.02%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%128.57%
Revenue 1Y (TTM)-16.47%
Revenue growth 3Y-24.14%
Revenue growth 5Y-14.48%
Sales Q2Q%-55.15%
3.2 Future
Based on estimates for the next years, NGL will show a very strong growth in Earnings Per Share. The EPS will grow by 50.17% on average per year.
Based on estimates for the next years, NGL will show a very negative growth in Revenue. The Revenue will decrease by -15.69% on average per year.
EPS Next Y144.51%
EPS Next 2Y68.49%
EPS Next 3Y50.17%
EPS Next 5YN/A
Revenue Next Year-51.45%
Revenue Next 2Y-34.82%
Revenue Next 3Y-15.69%
Revenue Next 5YN/A
3.3 Evolution
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
NGL reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
A Price/Forward Earnings ratio of 12.24 indicates a correct valuation of NGL.
The rest of the industry has a similar Price/Forward Earnings ratio as NGL.
When comparing the Price/Forward Earnings ratio of NGL to the average of the S&P500 Index (23.21), we can say NGL is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 12.24 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, NGL is valued a bit cheaper than 69.19% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, NGL is valued cheaply inside the industry as 91.00% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.51 | ||
| EV/EBITDA | 5.82 |
4.3 Compensation for Growth
NGL's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
NGL's earnings are expected to grow with 50.17% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y68.49%
EPS Next 3Y50.17%
5. Dividend
5.1 Amount
No dividends for NGL!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
6.06
+0.06 (+1%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners47.85%
Inst Owner Change-1.68%
Ins Owners5.32%
Ins Owner Change0.7%
Market Cap774.77M
Analysts76.67
Price Target17.34 (186.14%)
Short Float %2.95%
Short Ratio5.25
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly Dividend2.31
Dividend Growth(5Y)3.64%
DP-150.49%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-561.06%
Min EPS beat(2)-1288.12%
Max EPS beat(2)166.01%
EPS beat(4)1
Avg EPS beat(4)-415.07%
Min EPS beat(4)-1288.12%
Max EPS beat(4)166.01%
EPS beat(8)1
Avg EPS beat(8)-448.09%
EPS beat(12)2
Avg EPS beat(12)-374.38%
EPS beat(16)2
Avg EPS beat(16)-335.12%
Revenue beat(2)0
Avg Revenue beat(2)-26.57%
Min Revenue beat(2)-28.6%
Max Revenue beat(2)-24.53%
Revenue beat(4)0
Avg Revenue beat(4)-19.57%
Min Revenue beat(4)-28.6%
Max Revenue beat(4)-10.92%
Revenue beat(8)0
Avg Revenue beat(8)-15.38%
Revenue beat(12)0
Avg Revenue beat(12)-16.51%
Revenue beat(16)4
Avg Revenue beat(16)-8.52%
PT rev (1m)6.25%
PT rev (3m)6.25%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)-100%
EPS NY rev (1m)160%
EPS NY rev (3m)225%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-45.94%
Revenue NY rev (1m)-18.01%
Revenue NY rev (3m)-24.94%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 12.24 | ||
| P/S | 0.22 | ||
| P/FCF | 5.51 | ||
| P/OCF | 2.22 | ||
| P/B | 1.27 | ||
| P/tB | N/A | ||
| EV/EBITDA | 5.82 |
EPS(TTM)-0.41
EYN/A
EPS(NY)0.49
Fwd EY8.17%
FCF(TTM)1.1
FCFY18.16%
OCF(TTM)2.73
OCFY45.01%
SpS27.13
BVpS4.77
TBVpS-6.48
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.88% | ||
| ROE | -12.95% | ||
| ROCE | 9.59% | ||
| ROIC | 7.58% | ||
| ROICexc | 7.59% | ||
| ROICexgc | 12.38% | ||
| OM | 10.28% | ||
| PM (TTM) | N/A | ||
| GM | 27.73% | ||
| FCFM | 4.06% |
ROA(3y)-2.9%
ROA(5y)-5.15%
ROE(3y)-15.38%
ROE(5y)-24.1%
ROIC(3y)6.45%
ROIC(5y)4.69%
ROICexc(3y)6.47%
ROICexc(5y)4.7%
ROICexgc(3y)10.62%
ROICexgc(5y)7.72%
ROCE(3y)8.16%
ROCE(5y)5.93%
ROICexcg growth 3Y35.57%
ROICexcg growth 5Y12.05%
ROICexc growth 3Y36.84%
ROICexc growth 5Y15.48%
OM growth 3Y67.94%
OM growth 5Y25.25%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y39.69%
GM growth 5Y16.51%
F-Score5
Asset Turnover0.83
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 4.72 | ||
| Debt/FCF | 20.51 | ||
| Debt/EBITDA | 4.57 | ||
| Cap/Depr | 76.53% | ||
| Cap/Sales | 6% | ||
| Interest Coverage | 1.36 | ||
| Cash Conversion | 55.49% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.25 | ||
| Quick Ratio | 1.08 | ||
| Altman-Z | N/A |
F-Score5
WACC9.72%
ROIC/WACC0.78
Cap/Depr(3y)65.55%
Cap/Depr(5y)59.91%
Cap/Sales(3y)4.15%
Cap/Sales(5y)3.56%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)81.02%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%128.57%
EPS Next Y144.51%
EPS Next 2Y68.49%
EPS Next 3Y50.17%
EPS Next 5YN/A
Revenue 1Y (TTM)-16.47%
Revenue growth 3Y-24.14%
Revenue growth 5Y-14.48%
Sales Q2Q%-55.15%
Revenue Next Year-51.45%
Revenue Next 2Y-34.82%
Revenue Next 3Y-15.69%
Revenue Next 5YN/A
EBIT growth 1Y30.98%
EBIT growth 3Y27.39%
EBIT growth 5Y7.11%
EBIT Next Year96.78%
EBIT Next 3Y31.73%
EBIT Next 5Y18.79%
FCF growth 1Y-60.39%
FCF growth 3Y-6.65%
FCF growth 5YN/A
OCF growth 1Y-29.95%
OCF growth 3Y13.06%
OCF growth 5Y-8.51%