SHELL MIDSTREAM PARTNERS LP (SHLX) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:SHLX - US8226341019
15.82 USD
-0.01 (-0.06%)
15.84 USD
+0.02 (+0.13%)
Overall SHLX gets a fundamental rating of 2 out of 10. We evaluated SHLX against 209 industry peers in the Oil, Gas & Consumable Fuels industry. SHLX may be in some trouble as it scores bad on both profitability and health. SHLX 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 SHLX was profitable.
SHLX had a positive operating cash flow in the past year.
1.2 Ratios
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 24.07% | ||
| ROE | N/A | ||
| ROIC | 9.12% |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
SHLX's Profit Margin has improved in the last couple of years.
In the last couple of years the Operating Margin of SHLX has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 39.24% | ||
| PM (TTM) | 97.11% | ||
| GM | N/A |
OM growth 3Y4.02%
OM growth 5Y0.99%
PM growth 3Y6.21%
PM growth 5Y17.82%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
SHLX has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
The number of shares outstanding for SHLX remains at a similar level compared to 1 year ago.
Compared to 1 year ago, SHLX has a worse debt to assets ratio.
2.2 Solvency
SHLX has a debt to FCF ratio of 4.36. This is a neutral value as SHLX would need 4.36 years to pay back of all of its debts.
A Debt/Equity ratio of -5.22 indicates that SHLX is not too dependend on debt financing.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | -5.22 | ||
| Debt/FCF | 4.36 | ||
| Altman-Z | N/A |
ROIC/WACC1.16
WACC7.88%
2.3 Liquidity
SHLX has a Current Ratio of 1.18. This is a normal value and indicates that SHLX is financially healthy and should not expect problems in meeting its short term obligations.
SHLX has a Quick Ratio of 1.18. This is a normal value and indicates that SHLX is financially healthy and should not expect problems in meeting its short term obligations.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.18 | ||
| Quick Ratio | 1.18 |
3. Growth
3.1 Past
The earnings per share for SHLX have decreased by -8.33% in the last year.
SHLX shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -1.23% yearly.
SHLX shows a small growth in Revenue. In the last year, the Revenue has grown by 4.93%.
The Revenue has been growing slightly by 4.19% on average over the past years.
EPS 1Y (TTM)-8.33%
EPS 3Y-5.47%
EPS 5Y-1.23%
EPS Q2Q%-8.33%
Revenue 1Y (TTM)4.93%
Revenue growth 3Y1.95%
Revenue growth 5Y4.19%
Sales Q2Q%0.68%
3.2 Future
SHLX is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 7.99% yearly.
Based on estimates for the next years, SHLX will show a small growth in Revenue. The Revenue will grow by 1.42% on average per year.
EPS Next Y18.12%
EPS Next 2Y12.1%
EPS Next 3Y9.97%
EPS Next 5Y7.99%
Revenue Next Year5.03%
Revenue Next 2Y1.51%
Revenue Next 3Y2.34%
Revenue Next 5Y1.42%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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
A Price/Earnings ratio of 13.07 indicates a correct valuation of SHLX.
SHLX is valuated cheaply when we compare the Price/Earnings ratio to 26.51, which is the current average of the S&P500 Index.
SHLX is valuated reasonably with a Price/Forward Earnings ratio of 10.07.
SHLX is valuated cheaply when we compare the Price/Forward Earnings ratio to 23.13, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.07 | ||
| Fwd PE | 10.07 |
4.2 Price Multiples
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.58 | ||
| EV/EBITDA | 31.69 |
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.
PEG (NY)0.72
PEG (5Y)N/A
EPS Next 2Y12.1%
EPS Next 3Y9.97%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 7.59%, SHLX is a good candidate for dividend investing.
Compared to an average S&P500 Dividend Yield of 2.00, SHLX pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.59% |
5.2 History
The dividend of SHLX has a limited annual growth rate of 2.10%.
SHLX has been paying a dividend for over 5 years, so it has already some track record.
Dividend Growth(5Y)2.1%
Div Incr YearsN/A
Div Non Decr YearsN/A
5.3 Sustainability
96.83% of the earnings are spent on dividend by SHLX. This is not a sustainable payout ratio.
The dividend of SHLX is growing, but earnings are growing more, so the dividend growth is sustainable.
DP96.83%
EPS Next 2Y12.1%
EPS Next 3Y9.97%
15.82
-0.01 (-0.06%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners0.1%
Inst Owner Change0%
Ins Owners31.5%
Ins Owner Change0%
Market Cap6.22B
Revenue(TTM)553.00M
Net Income(TTM)537.00M
Analysts47.27
Price Target15.24 (-3.67%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.59% |
Yearly Dividend1.52
Dividend Growth(5Y)2.1%
DP96.83%
Div Incr YearsN/A
Div Non Decr YearsN/A
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-10.74%
Min EPS beat(2)-14.75%
Max EPS beat(2)-6.73%
EPS beat(4)0
Avg EPS beat(4)-17.95%
Min EPS beat(4)-37.39%
Max EPS beat(4)-6.73%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)3.69%
Min Revenue beat(2)-2.35%
Max Revenue beat(2)9.72%
Revenue beat(4)2
Avg Revenue beat(4)0.85%
Min Revenue beat(4)-6.87%
Max Revenue beat(4)9.72%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)N/A
PT rev (3m)N/A
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.07 | ||
| Fwd PE | 10.07 | ||
| P/S | 11.25 | ||
| P/FCF | 10.58 | ||
| P/OCF | 10.34 | ||
| P/B | N/A | ||
| P/tB | 10.1 | ||
| EV/EBITDA | 31.69 |
EPS(TTM)1.21
EY7.65%
EPS(NY)1.57
Fwd EY9.93%
FCF(TTM)1.5
FCFY9.45%
OCF(TTM)1.53
OCFY9.68%
SpS1.41
BVpS-1.13
TBVpS1.57
PEG (NY)0.72
PEG (5Y)N/A
Graham NumberN/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 24.07% | ||
| ROE | N/A | ||
| ROCE | N/A | ||
| ROIC | 9.12% | ||
| ROICexc | N/A | ||
| ROICexgc | 9.12% | ||
| OM | 39.24% | ||
| PM (TTM) | 97.11% | ||
| GM | N/A | ||
| FCFM | N/A |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3Y4.63%
ROICexgc growth 5Y-6.26%
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y4.02%
OM growth 5Y0.99%
PM growth 3Y6.21%
PM growth 5Y17.82%
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0.25
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | -5.22 | ||
| Debt/FCF | 4.36 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 28% | ||
| Cap/Sales | N/A | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 109.5% | ||
| Current Ratio | 1.18 | ||
| Quick Ratio | 1.18 | ||
| Altman-Z | N/A |
F-Score5
WACC7.88%
ROIC/WACC1.16
Cap/Depr(3y)51.18%
Cap/Depr(5y)77.93%
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)109.57%
Profit Quality(5y)110.89%
High Growth Momentum
Growth
EPS 1Y (TTM)-8.33%
EPS 3Y-5.47%
EPS 5Y-1.23%
EPS Q2Q%-8.33%
EPS Next Y18.12%
EPS Next 2Y12.1%
EPS Next 3Y9.97%
EPS Next 5Y7.99%
Revenue 1Y (TTM)4.93%
Revenue growth 3Y1.95%
Revenue growth 5Y4.19%
Sales Q2Q%0.68%
Revenue Next Year5.03%
Revenue Next 2Y1.51%
Revenue Next 3Y2.34%
Revenue Next 5Y1.42%
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-8.84%
FCF growth 3Y9.38%
FCF growth 5Y9.41%
OCF growth 1Y-9.88%
OCF growth 3Y6.38%
OCF growth 5Y7.35%
SHELL MIDSTREAM PARTNERS LP / SHLX FAQ
Can you provide the ChartMill fundamental rating for SHELL MIDSTREAM PARTNERS LP?
ChartMill assigns a fundamental rating of 4 / 10 to SHLX.
What is the valuation status of SHELL MIDSTREAM PARTNERS LP (SHLX) stock?
ChartMill assigns a valuation rating of 4 / 10 to SHELL MIDSTREAM PARTNERS LP (SHLX). This can be considered as Fairly Valued.
Can you provide the profitability details for SHELL MIDSTREAM PARTNERS LP?
SHELL MIDSTREAM PARTNERS LP (SHLX) has a profitability rating of 6 / 10.
What is the valuation of SHELL MIDSTREAM PARTNERS LP based on its PE and PB ratios?
The Price/Earnings (PE) ratio for SHELL MIDSTREAM PARTNERS LP (SHLX) is 13.07 and the Price/Book (PB) ratio is -14.04.
Is the dividend of SHELL MIDSTREAM PARTNERS LP sustainable?
The dividend rating of SHELL MIDSTREAM PARTNERS LP (SHLX) is 7 / 10 and the dividend payout ratio is 96.83%.