17.34 USD
-0.07 (-0.4%)
17.34 USD
0 (0%)
Overall PAA gets a fundamental rating of 4 out of 10. We evaluated PAA against 210 industry peers in the Oil, Gas & Consumable Fuels industry. Both the profitability and financial health of PAA have multiple concerns. PAA has a valuation in line with the averages, but it does not seem to be growing. Finally PAA also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
PAA had positive earnings in the past year.
PAA had a positive operating cash flow in the past year.
Of the past 5 years PAA 4 years were profitable.
In the past 5 years PAA always reported a positive cash flow from operatings.
1.2 Ratios
PAA has a Return On Assets (3.04%) which is comparable to the rest of the industry.
The Return On Equity of PAA (8.75%) is comparable to the rest of the industry.
The Return On Invested Capital of PAA (5.68%) is comparable to the rest of the industry.
The Average Return On Invested Capital over the past 3 years for PAA is significantly below the industry average of 21.41%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.04% | ||
| ROE | 8.75% | ||
| ROIC | 5.68% |
ROA(3y)2.83%
ROA(5y)-0.31%
ROE(3y)7.62%
ROE(5y)-0.46%
ROIC(3y)5.79%
ROIC(5y)5.39%
1.3 Margins
The Profit Margin of PAA (1.83%) is worse than 60.95% of its industry peers.
PAA's Profit Margin has declined in the last couple of years.
PAA's Operating Margin of 3.09% is on the low side compared to the rest of the industry. PAA is outperformed by 69.52% of its industry peers.
PAA's Operating Margin has declined in the last couple of years.
PAA's Gross Margin of 5.97% is on the low side compared to the rest of the industry. PAA is outperformed by 75.24% of its industry peers.
In the last couple of years the Gross Margin of PAA has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 3.09% | ||
| PM (TTM) | 1.83% | ||
| GM | 5.97% |
OM growth 3Y-7.98%
OM growth 5Y-14.9%
PM growth 3Y3.2%
PM growth 5Y-29.38%
GM growth 3Y-2.76%
GM growth 5Y-8.73%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so PAA is destroying value.
Compared to 1 year ago, PAA has more shares outstanding
PAA has less shares outstanding than it did 5 years ago.
PAA has a worse debt/assets ratio than last year.
2.2 Solvency
PAA has a debt to FCF ratio of 4.30. This is a neutral value as PAA would need 4.30 years to pay back of all of its debts.
PAA has a Debt to FCF ratio of 4.30. This is in the better half of the industry: PAA outperforms 67.62% of its industry peers.
PAA has a Debt/Equity ratio of 0.86. This is a neutral value indicating PAA is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.86, PAA is not doing good in the industry: 67.62% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.86 | ||
| Debt/FCF | 4.3 | ||
| Altman-Z | N/A |
ROIC/WACC0.68
WACC8.35%
2.3 Liquidity
PAA has a Current Ratio of 1.04. This is a normal value and indicates that PAA is financially healthy and should not expect problems in meeting its short term obligations.
PAA has a Current ratio of 1.04. This is comparable to the rest of the industry: PAA outperforms 46.19% of its industry peers.
PAA has a Quick Ratio of 1.01. This is a normal value and indicates that PAA is financially healthy and should not expect problems in meeting its short term obligations.
PAA has a Quick ratio (1.01) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.04 | ||
| Quick Ratio | 1.01 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 3.31% over the past year.
The earnings per share for PAA have been decreasing by -10.57% on average. This is quite bad
The Revenue has decreased by -7.42% in the past year.
The Revenue has been growing by 8.26% on average over the past years. This is quite good.
EPS 1Y (TTM)3.31%
EPS 3Y7.66%
EPS 5Y-10.57%
EPS Q2Q%5.41%
Revenue 1Y (TTM)-7.42%
Revenue growth 3Y5.97%
Revenue growth 5Y8.26%
Sales Q2Q%-9.14%
3.2 Future
PAA is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 3.67% yearly.
The Revenue is expected to decrease by -3.37% on average over the next years.
EPS Next Y1.1%
EPS Next 2Y-0.66%
EPS Next 3Y-0.31%
EPS Next 5Y3.67%
Revenue Next Year-12.03%
Revenue Next 2Y-3.48%
Revenue Next 3Y-1.67%
Revenue Next 5Y-3.37%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better 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
PAA is valuated reasonably with a Price/Earnings ratio of 11.12.
Compared to the rest of the industry, the Price/Earnings ratio of PAA indicates a somewhat cheap valuation: PAA is cheaper than 72.86% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.15, PAA is valued rather cheaply.
The Price/Forward Earnings ratio is 11.64, which indicates a very decent valuation of PAA.
Based on the Price/Forward Earnings ratio, PAA is valued a bit cheaper than 65.24% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of PAA to the average of the S&P500 Index (36.12), we can say PAA is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.12 | ||
| Fwd PE | 11.64 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of PAA indicates a somewhat cheap valuation: PAA is cheaper than 63.81% of the companies listed in the same industry.
90.95% of the companies in the same industry are more expensive than PAA, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.55 | ||
| EV/EBITDA | 6.71 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates PAA does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)10.15
PEG (5Y)N/A
EPS Next 2Y-0.66%
EPS Next 3Y-0.31%
5. Dividend
5.1 Amount
PAA has a Yearly Dividend Yield of 8.95%, which is a nice return.
PAA's Dividend Yield is rather good when compared to the industry average which is at 5.88. PAA pays more dividend than 86.19% of the companies in the same industry.
PAA's Dividend Yield is rather good when compared to the S&P500 average which is at 2.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.95% |
5.2 History
The dividend of PAA decreases each year by -0.28%.
PAA has been paying a dividend for at least 10 years, so it has a reliable track record.
PAA has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)-0.28%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
33.61% of the earnings are spent on dividend by PAA. This is a low number and sustainable payout ratio.
DP33.61%
EPS Next 2Y-0.66%
EPS Next 3Y-0.31%
17.34
-0.07 (-0.4%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners40.01%
Inst Owner Change-0.63%
Ins Owners0.84%
Ins Owner Change9.35%
Market Cap12.20B
Revenue(TTM)46.63B
Net Income(TTM)854.00M
Analysts70.43
Price Target20.83 (20.13%)
Short Float %2.68%
Short Ratio4.27
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.95% |
Yearly Dividend1.63
Dividend Growth(5Y)-0.28%
DP33.61%
Div Incr Years3
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)13.92%
Min EPS beat(2)5.73%
Max EPS beat(2)22.11%
EPS beat(4)3
Avg EPS beat(4)5.03%
Min EPS beat(4)-10.05%
Max EPS beat(4)22.11%
EPS beat(8)6
Avg EPS beat(8)6.91%
EPS beat(12)9
Avg EPS beat(12)8.41%
EPS beat(16)11
Avg EPS beat(16)10.08%
Revenue beat(2)0
Avg Revenue beat(2)-14.4%
Min Revenue beat(2)-21.26%
Max Revenue beat(2)-7.54%
Revenue beat(4)0
Avg Revenue beat(4)-13.87%
Min Revenue beat(4)-21.26%
Max Revenue beat(4)-7.54%
Revenue beat(8)0
Avg Revenue beat(8)-9.98%
Revenue beat(12)0
Avg Revenue beat(12)-12.52%
Revenue beat(16)3
Avg Revenue beat(16)-6.02%
PT rev (1m)-2.24%
PT rev (3m)-3.14%
EPS NQ rev (1m)4.01%
EPS NQ rev (3m)13.43%
EPS NY rev (1m)1.83%
EPS NY rev (3m)7.36%
Revenue NQ rev (1m)0.92%
Revenue NQ rev (3m)-9.69%
Revenue NY rev (1m)-0.53%
Revenue NY rev (3m)-4.97%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.12 | ||
| Fwd PE | 11.64 | ||
| P/S | 0.26 | ||
| P/FCF | 5.55 | ||
| P/OCF | 4.24 | ||
| P/B | 1.25 | ||
| P/tB | 1.49 | ||
| EV/EBITDA | 6.71 |
EPS(TTM)1.56
EY9%
EPS(NY)1.49
Fwd EY8.59%
FCF(TTM)3.13
FCFY18.03%
OCF(TTM)4.09
OCFY23.59%
SpS66.31
BVpS13.88
TBVpS11.65
PEG (NY)10.15
PEG (5Y)N/A
Graham Number22.07
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.04% | ||
| ROE | 8.75% | ||
| ROCE | 6.33% | ||
| ROIC | 5.68% | ||
| ROICexc | 7.53% | ||
| ROICexgc | 8.29% | ||
| OM | 3.09% | ||
| PM (TTM) | 1.83% | ||
| GM | 5.97% | ||
| FCFM | 4.72% |
ROA(3y)2.83%
ROA(5y)-0.31%
ROE(3y)7.62%
ROE(5y)-0.46%
ROIC(3y)5.79%
ROIC(5y)5.39%
ROICexc(3y)5.86%
ROICexc(5y)5.46%
ROICexgc(3y)6.43%
ROICexgc(5y)5.95%
ROCE(3y)6.45%
ROCE(5y)6.01%
ROICexgc growth 3Y-1.86%
ROICexgc growth 5Y-7.15%
ROICexc growth 3Y-1.48%
ROICexc growth 5Y-5.92%
OM growth 3Y-7.98%
OM growth 5Y-14.9%
PM growth 3Y3.2%
PM growth 5Y-29.38%
GM growth 3Y-2.76%
GM growth 5Y-8.73%
F-Score6
Asset Turnover1.66
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.86 | ||
| Debt/FCF | 4.3 | ||
| Debt/EBITDA | 3.53 | ||
| Cap/Depr | 71.14% | ||
| Cap/Sales | 1.45% | ||
| Interest Coverage | 2.91 | ||
| Cash Conversion | 120.23% | ||
| Profit Quality | 257.49% | ||
| Current Ratio | 1.04 | ||
| Quick Ratio | 1.01 | ||
| Altman-Z | N/A |
F-Score6
WACC8.35%
ROIC/WACC0.68
Cap/Depr(3y)57.92%
Cap/Depr(5y)66.47%
Cap/Sales(3y)1.14%
Cap/Sales(5y)1.49%
Profit Quality(3y)268.2%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)3.31%
EPS 3Y7.66%
EPS 5Y-10.57%
EPS Q2Q%5.41%
EPS Next Y1.1%
EPS Next 2Y-0.66%
EPS Next 3Y-0.31%
EPS Next 5Y3.67%
Revenue 1Y (TTM)-7.42%
Revenue growth 3Y5.97%
Revenue growth 5Y8.26%
Sales Q2Q%-9.14%
Revenue Next Year-12.03%
Revenue Next 2Y-3.48%
Revenue Next 3Y-1.67%
Revenue Next 5Y-3.37%
EBIT growth 1Y-4.64%
EBIT growth 3Y-2.49%
EBIT growth 5Y-7.87%
EBIT Next Year71.13%
EBIT Next 3Y16.84%
EBIT Next 5Y8.42%
FCF growth 1Y49.69%
FCF growth 3Y3.68%
FCF growth 5Y8.17%
OCF growth 1Y40.34%
OCF growth 3Y7.65%
OCF growth 5Y-0.11%
PLAINS ALL AMER PIPELINE LP / PAA FAQ
What is the fundamental rating for PAA stock?
ChartMill assigns a fundamental rating of 4 / 10 to PAA.
What is the valuation status of PLAINS ALL AMER PIPELINE LP (PAA) stock?
ChartMill assigns a valuation rating of 6 / 10 to PLAINS ALL AMER PIPELINE LP (PAA). This can be considered as Fairly Valued.
Can you provide the profitability details for PLAINS ALL AMER PIPELINE LP?
PLAINS ALL AMER PIPELINE LP (PAA) has a profitability rating of 3 / 10.
What is the financial health of PLAINS ALL AMER PIPELINE LP (PAA) stock?
The financial health rating of PLAINS ALL AMER PIPELINE LP (PAA) is 3 / 10.
Can you provide the dividend sustainability for PAA stock?
The dividend rating of PLAINS ALL AMER PIPELINE LP (PAA) is 7 / 10 and the dividend payout ratio is 33.61%.