PLAINS GP HOLDINGS LP-CL A (PAGP)
US72651A2078
PAGP gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 214 industry peers in the Oil, Gas & Consumable Fuels industry. PAGP may be in some trouble as it scores bad on both profitability and health. PAGP is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
PAGP had positive earnings in the past year.
In the past year PAGP had a positive cash flow from operations.
PAGP had positive earnings in 4 of the past 5 years.
In the past 5 years PAGP always reported a positive cash flow from operatings.
1.2 Ratios
PAGP has a Return On Assets of 0.69%. This is in the lower half of the industry: PAGP underperforms 78.50% of its industry peers.
PAGP has a Return On Equity of 12.79%. This is comparable to the rest of the industry: PAGP outperforms 45.79% of its industry peers.
PAGP's Return On Invested Capital of 4.88% is on the low side compared to the rest of the industry. PAGP is outperformed by 69.63% of its industry peers.
The Average Return On Invested Capital over the past 3 years for PAGP is significantly below the industry average of 44.58%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.69% | ||
| ROE | 12.79% | ||
| ROIC | 4.88% |
ROA(3y)0.49%
ROA(5y)0.08%
ROE(3y)9.24%
ROE(5y)0.86%
ROIC(3y)5.26%
ROIC(5y)5.19%
1.3 Margins
PAGP has a Profit Margin of 0.41%. This is in the lower half of the industry: PAGP underperforms 78.97% of its industry peers.
PAGP's Profit Margin has declined in the last couple of years.
PAGP has a worse Operating Margin (2.77%) than 80.37% of its industry peers.
PAGP's Operating Margin has declined in the last couple of years.
PAGP has a Gross Margin of 8.58%. This is in the lower half of the industry: PAGP underperforms 77.57% of its industry peers.
PAGP's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 2.77% | ||
| PM (TTM) | 0.41% | ||
| GM | 8.58% |
OM growth 3Y-8.83%
OM growth 5Y-15.27%
PM growth 3YN/A
PM growth 5Y-16.15%
GM growth 3Y-11.24%
GM growth 5Y-7.27%
2. Health
2.1 Basic Checks
PAGP has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
PAGP has more shares outstanding than it did 1 year ago.
PAGP has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, PAGP has an improved debt to assets ratio.
2.2 Solvency
The Debt to FCF ratio of PAGP is 3.58, which is a good value as it means it would take PAGP, 3.58 years of fcf income to pay off all of its debts.
PAGP has a Debt to FCF ratio of 3.58. This is in the better half of the industry: PAGP outperforms 64.02% of its industry peers.
A Debt/Equity ratio of 4.72 is on the high side and indicates that PAGP has dependencies on debt financing.
PAGP's Debt to Equity ratio of 4.72 is on the low side compared to the rest of the industry. PAGP is outperformed by 91.59% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 4.72 | ||
| Debt/FCF | 3.58 | ||
| Altman-Z | N/A |
ROIC/WACC0.73
WACC6.69%
2.3 Liquidity
PAGP has a Current Ratio of 0.98. This is a bad value and indicates that PAGP is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Current ratio value of 0.98, PAGP is not doing good in the industry: 63.08% of the companies in the same industry are doing better.
PAGP has a Quick Ratio of 0.98. This is a bad value and indicates that PAGP is not financially healthy enough and could expect problems in meeting its short term obligations.
PAGP has a Quick ratio of 0.87. This is comparable to the rest of the industry: PAGP outperforms 40.19% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.98 | ||
| Quick Ratio | 0.87 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 34.30% over the past year.
The Earnings Per Share has been growing slightly by 1.90% on average over the past years.
Looking at the last year, PAGP shows a very negative growth in Revenue. The Revenue has decreased by -15.05% in the last year.
Measured over the past years, PAGP shows a small growth in Revenue. The Revenue has been growing by 7.42% on average per year.
EPS 1Y (TTM)34.3%
EPS 3YN/A
EPS 5Y1.9%
EPS growth Q2Q-18.18%
Revenue 1Y (TTM)-15.05%
Revenue growth 3Y27.89%
Revenue growth 5Y7.42%
Revenue growth Q2Q-1.96%
3.2 Future
PAGP is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -4.54% yearly.
PAGP is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -6.20% yearly.
EPS Next Y-65.91%
EPS Next 2Y-37.5%
EPS Next 3Y-16.01%
EPS Next 5Y-4.54%
Revenue Next Year-4.18%
Revenue Next 2Y6.01%
Revenue Next 3Y4.17%
Revenue Next 5Y-6.2%
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 6.40, the valuation of PAGP can be described as very cheap.
Based on the Price/Earnings ratio, PAGP is valued a bit cheaper than 79.44% of the companies in the same industry.
When comparing the Price/Earnings ratio of PAGP to the average of the S&P500 Index (24.55), we can say PAGP is valued rather cheaply.
With a Price/Forward Earnings ratio of 18.76, PAGP is valued on the expensive side.
Compared to the rest of the industry, the Price/Forward Earnings ratio of PAGP indicates a slightly more expensive valuation: PAGP is more expensive than 62.15% of the companies listed in the same industry.
PAGP is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 20.92, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.4 | ||
| Fwd PE | 18.76 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of PAGP indicates a somewhat cheap valuation: PAGP is cheaper than 63.55% of the companies listed in the same industry.
PAGP's Price/Free Cash Flow ratio is rather cheap when compared to the industry. PAGP is cheaper than 98.13% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 1.91 | ||
| EV/EBITDA | 4.95 |
4.3 Compensation for Growth
A cheap valuation may be justified as PAGP's earnings are expected to decrease with -16.01% in the coming years.
PEG (NY)N/A
PEG (5Y)3.36
EPS Next 2Y-37.5%
EPS Next 3Y-16.01%
5. Dividend
5.1 Amount
PAGP has a Yearly Dividend Yield of 6.71%, which is a nice return.
Compared to an average industry Dividend Yield of 5.72, PAGP pays a bit more dividend than its industry peers.
PAGP's Dividend Yield is rather good when compared to the S&P500 average which is at 2.39.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.71% |
5.2 History
The dividend of PAGP has a limited annual growth rate of 2.67%.
PAGP has been paying a dividend for at least 10 years, so it has a reliable track record.
The dividend of PAGP decreased in the last 3 years.
Dividend Growth(5Y)2.67%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
105.56% of the earnings are spent on dividend by PAGP. This is not a sustainable payout ratio.
The Dividend Rate of PAGP has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP105.56%
EPS Next 2Y-37.5%
EPS Next 3Y-16.01%
PLAINS GP HOLDINGS LP-CL A
NASDAQ:PAGP (5/1/2024, 7:14:59 PM)
Premarket: 17.88 +0.1 (+0.56%)17.78
-0.43 (-2.36%)
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 Cap4.14B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.71% |
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)
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Min EPS beat(4)
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EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
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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)
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Min Revenue beat(4)
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Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
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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 | 6.4 | ||
| Fwd PE | 18.76 | ||
| 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)3.36
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.69% | ||
| ROE | 12.79% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 2.77% | ||
| PM (TTM) | 0.41% | ||
| GM | 8.58% | ||
| 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 Turnover1.7
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 4.72 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.98 | ||
| Quick Ratio | 0.87 | ||
| 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)34.3%
EPS 3YN/A
EPS 5Y
EPS growth Q2Q
EPS Next Y-65.91%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-15.05%
Revenue growth 3Y27.89%
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