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PLAINS GP HOLDINGS LP-CL A (PAGP) Stock Fundamental Analysis

NASDAQ:PAGP - Nasdaq - US72651A2078 - Currency: USD

19.8  +0.15 (+0.76%)

After market: 19.8 0 (0%)

Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to PAGP. PAGP was compared to 211 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 has a decent growth rate and is not valued too expensively. PAGP also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

3

1. Profitability

1.1 Basic Checks

PAGP had positive earnings in the past year.
PAGP had a positive operating cash flow in the past year.
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.
PAGP Yearly Net Income VS EBIT VS OCF VS FCFPAGP Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B

1.2 Ratios

PAGP has a Return On Assets of 0.51%. This is in the lower half of the industry: PAGP underperforms 63.98% of its industry peers.
The Return On Equity of PAGP (10.69%) is better than 63.51% of its industry peers.
PAGP has a Return On Invested Capital of 5.43%. This is comparable to the rest of the industry: PAGP outperforms 45.97% of its industry peers.
PAGP had an Average Return On Invested Capital over the past 3 years of 5.23%. This is significantly below the industry average of 23.79%.
The last Return On Invested Capital (5.43%) for PAGP is above the 3 year average (5.23%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 0.51%
ROE 10.69%
ROIC 5.43%
ROA(3y)0.55%
ROA(5y)-0.07%
ROE(3y)10.48%
ROE(5y)-0.69%
ROIC(3y)5.23%
ROIC(5y)4.87%
PAGP Yearly ROA, ROE, ROICPAGP Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -20 -40

1.3 Margins

With a Profit Margin value of 0.29%, PAGP is not doing good in the industry: 66.82% of the companies in the same industry are doing better.
PAGP's Profit Margin has declined in the last couple of years.
PAGP's Operating Margin of 2.96% is on the low side compared to the rest of the industry. PAGP is outperformed by 70.62% of its industry peers.
PAGP's Operating Margin has declined in the last couple of years.
The Gross Margin of PAGP (9.36%) is worse than 72.04% of its industry peers.
PAGP's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 2.96%
PM (TTM) 0.29%
GM 9.36%
OM growth 3Y-8.29%
OM growth 5Y-14.79%
PM growth 3Y12.99%
PM growth 5Y-26.86%
GM growth 3Y2%
GM growth 5Y-6.37%
PAGP Yearly Profit, Operating, Gross MarginsPAGP Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 10

3

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.
Compared to 1 year ago, PAGP has more shares outstanding
Compared to 5 years ago, PAGP has less shares outstanding
PAGP has a worse debt/assets ratio than last year.
PAGP Yearly Shares OutstandingPAGP Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M
PAGP Yearly Total Debt VS Total AssetsPAGP Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B 20B 25B

2.2 Solvency

The Debt to FCF ratio of PAGP is 4.23, which is a neutral value as it means it would take PAGP, 4.23 years of fcf income to pay off all of its debts.
With a decent Debt to FCF ratio value of 4.23, PAGP is doing good in the industry, outperforming 68.72% of the companies in the same industry.
A Debt/Equity ratio of 6.05 is on the high side and indicates that PAGP has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 6.05, PAGP is doing worse than 89.57% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 6.05
Debt/FCF 4.23
Altman-Z N/A
ROIC/WACC0.68
WACC8.02%
PAGP Yearly LT Debt VS Equity VS FCFPAGP Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B 4B 6B 8B 10B

2.3 Liquidity

A Current Ratio of 1.01 indicates that PAGP should not have too much problems paying its short term obligations.
With a Current ratio value of 1.01, PAGP perfoms like the industry average, outperforming 42.65% of the companies in the same industry.
A Quick Ratio of 0.94 indicates that PAGP may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.94, PAGP is in line with its industry, outperforming 50.24% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.01
Quick Ratio 0.94
PAGP Yearly Current Assets VS Current LiabilitesPAGP Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B

4

3. Growth

3.1 Past

The earnings per share for PAGP have decreased strongly by -51.63% in the last year.
The earnings per share for PAGP have been decreasing by -23.92% on average. This is quite bad
Looking at the last year, PAGP shows a small growth in Revenue. The Revenue has grown by 3.56% in the last year.
PAGP shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 8.26% yearly.
EPS 1Y (TTM)-51.63%
EPS 3Y18.32%
EPS 5Y-23.92%
EPS Q2Q%100%
Revenue 1Y (TTM)3.56%
Revenue growth 3Y5.97%
Revenue growth 5Y8.26%
Sales Q2Q%0.13%

3.2 Future

Based on estimates for the next years, PAGP will show a very strong growth in Earnings Per Share. The EPS will grow by 25.22% on average per year.
Based on estimates for the next years, PAGP will show a decrease in Revenue. The Revenue will decrease by -5.80% on average per year.
EPS Next Y191.54%
EPS Next 2Y74.12%
EPS Next 3Y47.54%
EPS Next 5Y25.22%
Revenue Next Year-17.42%
Revenue Next 2Y3.51%
Revenue Next 3Y2.88%
Revenue Next 5Y-5.8%

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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.
PAGP Yearly Revenue VS EstimatesPAGP Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 10B 20B 30B 40B 50B
PAGP Yearly EPS VS EstimatesPAGP Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 1 -1 2 -2 -3

6

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 26.76 indicates a quite expensive valuation of PAGP.
PAGP's Price/Earnings is on the same level as the industry average.
When comparing the Price/Earnings ratio of PAGP to the average of the S&P500 Index (27.30), we can say PAGP is valued inline with the index average.
A Price/Forward Earnings ratio of 12.32 indicates a correct valuation of PAGP.
Compared to the rest of the industry, the Price/Forward Earnings ratio of PAGP is on the same level as its industry peers.
The average S&P500 Price/Forward Earnings ratio is at 21.76. PAGP is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 26.76
Fwd PE 12.32
PAGP Price Earnings VS Forward Price EarningsPAGP Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

73.46% of the companies in the same industry are more expensive than PAGP, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of PAGP indicates a rather cheap valuation: PAGP is cheaper than 97.16% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 1.91
EV/EBITDA 4.83
PAGP Per share dataPAGP EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 50 100 150 200 250

4.3 Compensation for Growth

The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as PAGP's earnings are expected to grow with 47.54% in the coming years.
PEG (NY)0.14
PEG (5Y)N/A
EPS Next 2Y74.12%
EPS Next 3Y47.54%

7

5. Dividend

5.1 Amount

PAGP has a Yearly Dividend Yield of 7.74%, which is a nice return.
Compared to an average industry Dividend Yield of 6.48, PAGP pays a better dividend. On top of this PAGP pays more dividend than 80.57% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.35, PAGP pays a better dividend.
Industry RankSector Rank
Dividend Yield 7.74%

5.2 History

The dividend of PAGP has a limited annual growth rate of 2.27%.
PAGP has paid a dividend for at least 10 years, which is a reliable track record.
PAGP has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)2.27%
Div Incr Years3
Div Non Decr Years3
PAGP Yearly Dividends per sharePAGP Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2 4 6

5.3 Sustainability

PAGP pays out 181.38% of its income as dividend. This is not a sustainable payout ratio.
The dividend of PAGP is growing, but earnings are growing more, so the dividend growth is sustainable.
DP181.38%
EPS Next 2Y74.12%
EPS Next 3Y47.54%
PAGP Yearly Income VS Free CF VS DividendPAGP Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B
PAGP Dividend Payout.PAGP Dividend Payout, showing the Payout Ratio.PAGP Dividend Payout.PayoutRetained Earnings

PLAINS GP HOLDINGS LP-CL A

NASDAQ:PAGP (7/11/2025, 8:00:02 PM)

After market: 19.8 0 (0%)

19.8

+0.15 (+0.76%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)05-09 2025-05-09/bmo
Earnings (Next)07-31 2025-07-31/bmo
Inst Owners83.96%
Inst Owner Change0%
Ins Owners2.67%
Ins Owner Change0%
Market Cap3.92B
Analysts75.79
Price Target21.68 (9.49%)
Short Float %4.48%
Short Ratio4.98
Dividend
Industry RankSector Rank
Dividend Yield 7.74%
Yearly Dividend0.32
Dividend Growth(5Y)2.27%
DP181.38%
Div Incr Years3
Div Non Decr Years3
Ex-Date05-01 2025-05-01 (0.38)
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-64.33%
Min EPS beat(2)-115.08%
Max EPS beat(2)-13.57%
EPS beat(4)0
Avg EPS beat(4)-50.81%
Min EPS beat(4)-115.08%
Max EPS beat(4)-13.57%
EPS beat(8)1
Avg EPS beat(8)10.05%
EPS beat(12)2
Avg EPS beat(12)11.78%
EPS beat(16)4
Avg EPS beat(16)-4.59%
Revenue beat(2)0
Avg Revenue beat(2)-16.94%
Min Revenue beat(2)-17.15%
Max Revenue beat(2)-16.72%
Revenue beat(4)1
Avg Revenue beat(4)-9.1%
Min Revenue beat(4)-17.15%
Max Revenue beat(4)2.18%
Revenue beat(8)2
Avg Revenue beat(8)-7.08%
Revenue beat(12)3
Avg Revenue beat(12)-5.7%
Revenue beat(16)7
Avg Revenue beat(16)2.59%
PT rev (1m)0.79%
PT rev (3m)-4.74%
EPS NQ rev (1m)-1.09%
EPS NQ rev (3m)-11.58%
EPS NY rev (1m)-8.58%
EPS NY rev (3m)3.95%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-6.24%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-27.13%
Valuation
Industry RankSector Rank
PE 26.76
Fwd PE 12.32
P/S 0.08
P/FCF 1.91
P/OCF 1.45
P/B 2.89
P/tB N/A
EV/EBITDA 4.83
EPS(TTM)0.74
EY3.74%
EPS(NY)1.61
Fwd EY8.12%
FCF(TTM)10.37
FCFY52.38%
OCF(TTM)13.67
OCFY69.06%
SpS253.31
BVpS6.86
TBVpS-1.61
PEG (NY)0.14
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 0.51%
ROE 10.69%
ROCE 6.3%
ROIC 5.43%
ROICexc 5.53%
ROICexgc 5.96%
OM 2.96%
PM (TTM) 0.29%
GM 9.36%
FCFM 4.09%
ROA(3y)0.55%
ROA(5y)-0.07%
ROE(3y)10.48%
ROE(5y)-0.69%
ROIC(3y)5.23%
ROIC(5y)4.87%
ROICexc(3y)5.29%
ROICexc(5y)4.92%
ROICexgc(3y)5.77%
ROICexgc(5y)5.34%
ROCE(3y)6.07%
ROCE(5y)5.65%
ROICexcg growth 3Y-2%
ROICexcg growth 5Y-7.01%
ROICexc growth 3Y-1.66%
ROICexc growth 5Y-5.85%
OM growth 3Y-8.29%
OM growth 5Y-14.79%
PM growth 3Y12.99%
PM growth 5Y-26.86%
GM growth 3Y2%
GM growth 5Y-6.37%
F-Score6
Asset Turnover1.77
Health
Industry RankSector Rank
Debt/Equity 6.05
Debt/FCF 4.23
Debt/EBITDA 3.26
Cap/Depr 63.15%
Cap/Sales 1.3%
Interest Coverage 3.94
Cash Conversion 107.34%
Profit Quality 1414.48%
Current Ratio 1.01
Quick Ratio 0.94
Altman-Z N/A
F-Score6
WACC8.02%
ROIC/WACC0.68
Cap/Depr(3y)53.51%
Cap/Depr(5y)63.68%
Cap/Sales(3y)1.06%
Cap/Sales(5y)1.44%
Profit Quality(3y)1354.41%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-51.63%
EPS 3Y18.32%
EPS 5Y-23.92%
EPS Q2Q%100%
EPS Next Y191.54%
EPS Next 2Y74.12%
EPS Next 3Y47.54%
EPS Next 5Y25.22%
Revenue 1Y (TTM)3.56%
Revenue growth 3Y5.97%
Revenue growth 5Y8.26%
Sales Q2Q%0.13%
Revenue Next Year-17.42%
Revenue Next 2Y3.51%
Revenue Next 3Y2.88%
Revenue Next 5Y-5.8%
EBIT growth 1Y6%
EBIT growth 3Y-2.81%
EBIT growth 5Y-7.75%
EBIT Next Year70.9%
EBIT Next 3Y20.01%
EBIT Next 5Y8.55%
FCF growth 1Y-12.01%
FCF growth 3Y4.06%
FCF growth 5Y8.42%
OCF growth 1Y-3.67%
OCF growth 3Y7.65%
OCF growth 5Y-0.13%