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CHENIERE ENERGY PARTNERS LP (CQP) Stock Fundamental Analysis

NYSE:CQP - New York Stock Exchange, Inc. - US16411Q1013 - Currency: USD

62.05  -1.09 (-1.73%)

After market: 62.05 0 (0%)

Fundamental Rating

4

Taking everything into account, CQP scores 4 out of 10 in our fundamental rating. CQP was compared to 211 industry peers in the Oil, Gas & Consumable Fuels industry. While CQP has a great profitability rating, there are quite some concerns on its financial health. CQP has a valuation in line with the averages, but on the other hand it scores bad on growth. CQP also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

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7

1. Profitability

1.1 Basic Checks

In the past year CQP was profitable.
CQP had a positive operating cash flow in the past year.
CQP had positive earnings in 4 of the past 5 years.
Of the past 5 years CQP 4 years had a positive operating cash flow.
CQP Yearly Net Income VS EBIT VS OCF VS FCFCQP 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 0 2B -2B 4B

1.2 Ratios

CQP has a better Return On Assets (12.87%) than 85.29% of its industry peers.
CQP's Return On Invested Capital of 18.01% is amongst the best of the industry. CQP outperforms 89.22% of its industry peers.
CQP had an Average Return On Invested Capital over the past 3 years of 16.95%. This is significantly below the industry average of 28.75%.
The last Return On Invested Capital (18.01%) for CQP is above the 3 year average (16.95%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 12.87%
ROE N/A
ROIC 18.01%
ROA(3y)11.38%
ROA(5y)9.06%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)16.95%
ROIC(5y)13.71%
CQP Yearly ROA, ROE, ROICCQP Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 200 -200 -400

1.3 Margins

CQP has a Profit Margin of 25.06%. This is in the better half of the industry: CQP outperforms 74.51% of its industry peers.
CQP's Profit Margin has improved in the last couple of years.
The Operating Margin of CQP (39.97%) is better than 78.92% of its industry peers.
In the last couple of years the Operating Margin of CQP has grown nicely.
CQP has a Gross Margin (48.86%) which is comparable to the rest of the industry.
CQP's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 39.97%
PM (TTM) 25.06%
GM 48.86%
OM growth 3Y14.69%
OM growth 5Y9.92%
PM growth 3Y26.27%
PM growth 5Y12.99%
GM growth 3Y9.95%
GM growth 5Y8.28%
CQP Yearly Profit, Operating, Gross MarginsCQP Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 50 -50 -100

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2

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), CQP is creating value.
CQP has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
CQP Yearly Shares OutstandingCQP Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 100M 200M 300M 400M
CQP Yearly Total Debt VS Total AssetsCQP Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 5B 10B 15B

2.2 Solvency

CQP has a debt to FCF ratio of 5.44. This is a neutral value as CQP would need 5.44 years to pay back of all of its debts.
With a Debt to FCF ratio value of 5.44, CQP perfoms like the industry average, outperforming 56.37% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 5.44
Altman-Z N/A
ROIC/WACC2.22
WACC8.12%
CQP Yearly LT Debt VS Equity VS FCFCQP Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 5B 10B 15B

2.3 Liquidity

CQP has a Current Ratio of 0.69. This is a bad value and indicates that CQP is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Current ratio value of 0.69, CQP is not doing good in the industry: 78.92% of the companies in the same industry are doing better.
A Quick Ratio of 0.61 indicates that CQP may have some problems paying its short term obligations.
With a Quick ratio value of 0.61, CQP is not doing good in the industry: 77.94% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 0.69
Quick Ratio 0.61
CQP Yearly Current Assets VS Current LiabilitesCQP Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 500M 1B 1.5B 2B 2.5B

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1

3. Growth

3.1 Past

CQP shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -38.71%.
CQP shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 13.62% yearly.
EPS 1Y (TTM)-38.71%
EPS 3Y12.52%
EPS 5Y13.62%
EPS Q2Q%-26.06%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-8.41%

3.2 Future

CQP is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -2.12% yearly.
CQP is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.13% yearly.
EPS Next Y0.51%
EPS Next 2Y0.02%
EPS Next 3Y1.15%
EPS Next 5Y-2.12%
Revenue Next Year22.51%
Revenue Next 2Y11.94%
Revenue Next 3Y5.07%
Revenue Next 5Y3.13%

3.3 Evolution

The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
CQP Yearly Revenue VS EstimatesCQP Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 5B 10B 15B
CQP Yearly EPS VS EstimatesCQP Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 0 2 -2 4 -4 6

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4

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 14.57, which indicates a correct valuation of CQP.
The rest of the industry has a similar Price/Earnings ratio as CQP.
CQP is valuated cheaply when we compare the Price/Earnings ratio to 29.63, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 14.49, CQP is valued correctly.
CQP's Price/Forward Earnings ratio is in line with the industry average.
When comparing the Price/Forward Earnings ratio of CQP to the average of the S&P500 Index (22.68), we can say CQP is valued slightly cheaper.
Industry RankSector Rank
PE 14.57
Fwd PE 14.49
CQP Price Earnings VS Forward Price EarningsCQP Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

The rest of the industry has a similar Enterprise Value to EBITDA ratio as CQP.
Based on the Price/Free Cash Flow ratio, CQP is valued a bit cheaper than the industry average as 67.65% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 10.53
EV/EBITDA 10.77
CQP Per share dataCQP EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates CQP does not grow enough to justify the current Price/Earnings ratio.
The decent profitability rating of CQP may justify a higher PE ratio.
PEG (NY)28.74
PEG (5Y)1.07
EPS Next 2Y0.02%
EPS Next 3Y1.15%

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7

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 5.07%, CQP is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 6.75, CQP pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.29, CQP pays a better dividend.
Industry RankSector Rank
Dividend Yield 5.07%

5.2 History

The dividend of CQP is nicely growing with an annual growth rate of 21.17%!
CQP has been paying a dividend for at least 10 years, so it has a reliable track record.
CQP has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)21.17%
Div Incr Years7
Div Non Decr Years16
CQP Yearly Dividends per shareCQP Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1 2 3 4

5.3 Sustainability

CQP pays out 109.29% of its income as dividend. This is not a sustainable payout ratio.
CQP's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP109.29%
EPS Next 2Y0.02%
EPS Next 3Y1.15%
CQP Yearly Income VS Free CF VS DividendCQP Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 2B -2B
CQP Dividend Payout.CQP Dividend Payout, showing the Payout Ratio.CQP Dividend Payout.PayoutRetained Earnings

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CHENIERE ENERGY PARTNERS LP

NYSE:CQP (2/21/2025, 8:10:48 PM)

After market: 62.05 0 (0%)

62.05

-1.09 (-1.73%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-20 2025-02-20/bmo
Earnings (Next)05-01 2025-05-01/bmo
Inst Owners46.47%
Inst Owner Change0.05%
Ins Owners0.01%
Ins Owner Change0.03%
Market Cap30.04B
Analysts47.27
Price Target55.01 (-11.35%)
Short Float %3.33%
Short Ratio5.89
Dividend
Industry RankSector Rank
Dividend Yield 5.07%
Yearly Dividend6.01
Dividend Growth(5Y)21.17%
DP109.29%
Div Incr Years7
Div Non Decr Years16
Ex-Date02-10 2025-02-10 (0.045)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)8.26%
Min EPS beat(2)6.58%
Max EPS beat(2)9.95%
EPS beat(4)4
Avg EPS beat(4)26.12%
Min EPS beat(4)6.58%
Max EPS beat(4)68.07%
EPS beat(8)7
Avg EPS beat(8)53.74%
EPS beat(12)8
Avg EPS beat(12)6.27%
EPS beat(16)11
Avg EPS beat(16)6.41%
Revenue beat(2)0
Avg Revenue beat(2)-7.53%
Min Revenue beat(2)-8.9%
Max Revenue beat(2)-6.16%
Revenue beat(4)2
Avg Revenue beat(4)-1.12%
Min Revenue beat(4)-8.9%
Max Revenue beat(4)7.57%
Revenue beat(8)4
Avg Revenue beat(8)-2.16%
Revenue beat(12)8
Avg Revenue beat(12)4.61%
Revenue beat(16)12
Avg Revenue beat(16)5.31%
PT rev (1m)2.07%
PT rev (3m)8.38%
EPS NQ rev (1m)-5.47%
EPS NQ rev (3m)-3.62%
EPS NY rev (1m)0.67%
EPS NY rev (3m)-2.75%
Revenue NQ rev (1m)-0.59%
Revenue NQ rev (3m)0.68%
Revenue NY rev (1m)-1.52%
Revenue NY rev (3m)-0.28%
Valuation
Industry RankSector Rank
PE 14.57
Fwd PE 14.49
P/S 3.36
P/FCF 10.53
P/OCF 9.99
P/B N/A
P/tB N/A
EV/EBITDA 10.77
EPS(TTM)4.26
EY6.87%
EPS(NY)4.28
Fwd EY6.9%
FCF(TTM)5.89
FCFY9.5%
OCF(TTM)6.21
OCFY10.01%
SpS18.45
BVpS-1.29
TBVpS-1.29
PEG (NY)28.74
PEG (5Y)1.07
Profitability
Industry RankSector Rank
ROA 12.87%
ROE N/A
ROCE 22.8%
ROIC 18.01%
ROICexc 18.4%
ROICexgc 18.4%
OM 39.97%
PM (TTM) 25.06%
GM 48.86%
FCFM 31.95%
ROA(3y)11.38%
ROA(5y)9.06%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)16.95%
ROIC(5y)13.71%
ROICexc(3y)17.71%
ROICexc(5y)14.48%
ROICexgc(3y)17.71%
ROICexgc(5y)14.48%
ROCE(3y)21.45%
ROCE(5y)17.35%
ROICexcg growth 3Y36.19%
ROICexcg growth 5Y20.64%
ROICexc growth 3Y36.19%
ROICexc growth 5Y20.64%
OM growth 3Y14.69%
OM growth 5Y9.92%
PM growth 3Y26.27%
PM growth 5Y12.99%
GM growth 3Y9.95%
GM growth 5Y8.28%
F-Score4
Asset Turnover0.51
Health
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 5.44
Debt/EBITDA 3.49
Cap/Depr 22.76%
Cap/Sales 1.74%
Interest Coverage 250
Cash Conversion 70.78%
Profit Quality 127.48%
Current Ratio 0.69
Quick Ratio 0.61
Altman-Z N/A
F-Score4
WACC8.12%
ROIC/WACC2.22
Cap/Depr(3y)73.4%
Cap/Depr(5y)129.84%
Cap/Sales(3y)3.92%
Cap/Sales(5y)9.4%
Profit Quality(3y)144.25%
Profit Quality(5y)105.13%
High Growth Momentum
Growth
EPS 1Y (TTM)-38.71%
EPS 3Y12.52%
EPS 5Y13.62%
EPS Q2Q%-26.06%
EPS Next Y0.51%
EPS Next 2Y0.02%
EPS Next 3Y1.15%
EPS Next 5Y-2.12%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-8.41%
Revenue Next Year22.51%
Revenue Next 2Y11.94%
Revenue Next 3Y5.07%
Revenue Next 5Y3.13%
EBIT growth 1Y-46.71%
EBIT growth 3Y33.22%
EBIT growth 5Y19.26%
EBIT Next Year0.94%
EBIT Next 3Y1.08%
EBIT Next 5Y-0.38%
FCF growth 1Y11.58%
FCF growth 3Y54.79%
FCF growth 5Y21.98%
OCF growth 1Y-1.89%
OCF growth 3Y21.09%
OCF growth 5Y10.65%