NGL ENERGY PARTNERS LP (NGL)
US62913M1071
We assign a fundamental rating of 3 out of 10 to NGL. NGL was compared to 214 industry peers in the Oil, Gas & Consumable Fuels industry. NGL may be in some trouble as it scores bad on both profitability and health. NGL is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
NGL had negative earnings in the past year.
NGL had a positive operating cash flow in the past year.
In the past 5 years NGL reported 4 times negative net income.
NGL had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
NGL has a worse Return On Assets (-1.47%) than 84.98% of its industry peers.
Looking at the Return On Equity, with a value of -5.63%, NGL is doing worse than 82.63% of the companies in the same industry.
NGL has a Return On Invested Capital (6.84%) which is in line with its industry peers.
The Average Return On Invested Capital over the past 3 years for NGL is significantly below the industry average of 45.95%.
The last Return On Invested Capital (6.84%) for NGL is above the 3 year average (3.61%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.47% | ||
| ROE | -5.63% | ||
| ROIC | 6.84% |
ROA(3y)-6.14%
ROA(5y)-4.64%
ROE(3y)-26.66%
ROE(5y)-19.22%
ROIC(3y)3.61%
ROIC(5y)3.4%
1.3 Margins
With a Operating Margin value of 5.02%, NGL is not doing good in the industry: 78.87% of the companies in the same industry are doing better.
NGL's Operating Margin has improved in the last couple of years.
NGL's Gross Margin of 14.12% is on the low side compared to the rest of the industry. NGL is outperformed by 72.77% of its industry peers.
In the last couple of years the Gross Margin of NGL has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 5.02% | ||
| PM (TTM) | N/A | ||
| GM | 14.12% |
OM growth 3Y8.57%
OM growth 5Y12.38%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-2.38%
GM growth 5Y3.89%
2. Health
2.1 Basic Checks
NGL has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
NGL has more shares outstanding than it did 1 year ago.
NGL has more shares outstanding than it did 5 years ago.
The debt/assets ratio for NGL has been reduced compared to a year ago.
2.2 Solvency
NGL has a debt to FCF ratio of 8.47. This is a slightly negative value and a sign of low solvency as NGL would need 8.47 years to pay back of all of its debts.
NGL's Debt to FCF ratio of 8.47 is in line compared to the rest of the industry. NGL outperforms 44.13% of its industry peers.
A Debt/Equity ratio of 1.92 is on the high side and indicates that NGL has dependencies on debt financing.
NGL's Debt to Equity ratio of 1.92 is on the low side compared to the rest of the industry. NGL is outperformed by 83.10% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.92 | ||
| Debt/FCF | 8.47 | ||
| Altman-Z | N/A |
ROIC/WACC0.79
WACC8.61%
2.3 Liquidity
A Current Ratio of 1.23 indicates that NGL should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.23, NGL is in line with its industry, outperforming 53.05% of the companies in the same industry.
A Quick Ratio of 1.05 indicates that NGL should not have too much problems paying its short term obligations.
NGL has a Quick ratio (1.05) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.23 | ||
| Quick Ratio | 1.05 |
3. Growth
3.1 Past
The earnings per share for NGL have decreased strongly by -20.41% in the last year.
Looking at the last year, NGL shows a very negative growth in Revenue. The Revenue has decreased by -19.65% in the last year.
NGL shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.57% yearly.
EPS 1Y (TTM)-20.41%
EPS 3YN/A
EPS 5YN/A
EPS growth Q2Q-57.89%
Revenue 1Y (TTM)-19.65%
Revenue growth 3Y4.66%
Revenue growth 5Y4.57%
Revenue growth Q2Q-12.6%
3.2 Future
The Earnings Per Share is expected to grow by 60.85% on average over the next years. This is a very strong growth
NGL is expected to show a very negative growth in Revenue. In the coming years, the Revenue will decrease by -10.31% yearly.
EPS Next Y208.97%
EPS Next 2Y80.75%
EPS Next 3Y60.85%
EPS Next 5YN/A
Revenue Next Year-18.79%
Revenue Next 2Y-10.31%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings Ratio is negative for NGL. In the last year negative earnings were reported.
NGL is valuated reasonably with a Price/Forward Earnings ratio of 8.02.
Based on the Price/Forward Earnings ratio, NGL is valued a bit cheaper than 76.06% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of NGL to the average of the S&P500 Index (21.63), we can say NGL is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 8.02 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of NGL indicates a somewhat cheap valuation: NGL is cheaper than 62.44% of the companies listed in the same industry.
95.31% of the companies in the same industry are more expensive than NGL, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 2.42 | ||
| EV/EBITDA | 5.27 |
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 60.85% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y80.75%
EPS Next 3Y60.85%
5. Dividend
5.1 Amount
NGL does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
NGL ENERGY PARTNERS LP
NYSE:NGL (4/26/2024, 1:59:20 PM)
5.795
-0.09 (-1.61%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap767.90M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
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 | N/A | ||
| Fwd PE | 8.02 | ||
| 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)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.47% | ||
| ROE | -5.63% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 5.02% | ||
| PM (TTM) | N/A | ||
| GM | 14.12% | ||
| 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 Turnover1.38
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.92 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.23 | ||
| Quick Ratio | 1.05 | ||
| 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)-20.41%
EPS 3YN/A
EPS 5Y
EPS growth Q2Q
EPS Next Y208.97%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-19.65%
Revenue growth 3Y4.66%
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