CHENIERE ENERGY PARTNERS LP (CQP) Stock Fundamental Analysis
NYSE:CQP - New York Stock Exchange, Inc. - US16411Q1013 - Currency: USD
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. CQP scores excellent on profitability, but there are concerns on its financial health. CQP 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 CQP was profitable.
CQP had a positive operating cash flow in the past year.
In the past 5 years CQP has always been profitable.
CQP had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
CQP has a better Return On Assets (11.79%) than 87.20% of its industry peers.
CQP's Return On Invested Capital of 16.17% is amongst the best of the industry. CQP outperforms 91.47% of its industry peers.
CQP had an Average Return On Invested Capital over the past 3 years of 18.68%. This is significantly below the industry average of 23.70%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.79% | ||
| ROE | N/A | ||
| ROIC | 16.17% |
ROA(3y)12.81%
ROA(5y)10.3%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)18.68%
ROIC(5y)15.3%
1.3 Margins
With a decent Profit Margin value of 21.45%, CQP is doing good in the industry, outperforming 72.04% of the companies in the same industry.
In the last couple of years the Profit Margin of CQP has grown nicely.
CQP's Operating Margin of 34.38% is fine compared to the rest of the industry. CQP outperforms 76.30% of its industry peers.
CQP's Operating Margin has improved in the last couple of years.
CQP has a Gross Margin (42.87%) which is comparable to the rest of the industry.
In the last couple of years the Gross Margin of CQP has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 34.38% | ||
| PM (TTM) | 21.45% | ||
| GM | 42.87% |
OM growth 3Y11.45%
OM growth 5Y5.45%
PM growth 3Y15.45%
PM growth 5Y8.25%
GM growth 3Y11.12%
GM growth 5Y4.13%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), CQP is creating value.
The number of shares outstanding for CQP remains at a similar level compared to 1 year ago.
Compared to 5 years ago, CQP has about the same amount of shares outstanding.
The debt/assets ratio for CQP has been reduced compared to a year ago.
2.2 Solvency
The Debt to FCF ratio of CQP is 5.32, which is a neutral value as it means it would take CQP, 5.32 years of fcf income to pay off all of its debts.
With a decent Debt to FCF ratio value of 5.32, CQP is doing good in the industry, outperforming 63.03% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | N/A | ||
| Debt/FCF | 5.32 | ||
| Altman-Z | N/A |
ROIC/WACC1.86
WACC8.68%
2.3 Liquidity
A Current Ratio of 0.88 indicates that CQP may have some problems paying its short term obligations.
CQP has a Current ratio of 0.88. This is in the lower half of the industry: CQP underperforms 63.98% of its industry peers.
CQP has a Quick Ratio of 0.88. 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 Quick ratio value of 0.76, CQP is not doing good in the industry: 64.93% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.88 | ||
| Quick Ratio | 0.76 |
3. Growth
3.1 Past
The earnings per share for CQP have decreased strongly by -10.37% in the last year.
Measured over the past years, CQP shows a quite strong growth in Earnings Per Share. The EPS has been growing by 13.56% on average per year.
Looking at the last year, CQP shows a small growth in Revenue. The Revenue has grown by 3.94% in the last year.
Measured over the past years, CQP shows a small growth in Revenue. The Revenue has been growing by 4.94% on average per year.
EPS 1Y (TTM)-10.37%
EPS 3Y12.44%
EPS 5Y13.56%
EPS Q2Q%-8.47%
Revenue 1Y (TTM)3.94%
Revenue growth 3Y-2.65%
Revenue growth 5Y4.94%
Sales Q2Q%30.24%
3.2 Future
Based on estimates for the next years, CQP will show a decrease in Earnings Per Share. The EPS will decrease by -1.79% on average per year.
Based on estimates for the next years, CQP will show a small growth in Revenue. The Revenue will grow by 2.18% on average per year.
EPS Next Y2.98%
EPS Next 2Y1.45%
EPS Next 3Y1.96%
EPS Next 5Y-1.79%
Revenue Next Year28.33%
Revenue Next 2Y8.79%
Revenue Next 3Y9.65%
Revenue Next 5Y2.18%
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 decreasing.
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
CQP is valuated correctly with a Price/Earnings ratio of 13.53.
CQP's Price/Earnings ratio is in line with the industry average.
When comparing the Price/Earnings ratio of CQP to the average of the S&P500 Index (27.45), we can say CQP is valued rather cheaply.
With a Price/Forward Earnings ratio of 12.83, CQP is valued correctly.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CQP is on the same level as its industry peers.
CQP's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 21.90.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.53 | ||
| Fwd PE | 12.83 |
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 75.83% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.75 | ||
| EV/EBITDA | 10.7 |
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)4.54
PEG (5Y)1
EPS Next 2Y1.45%
EPS Next 3Y1.96%
5. Dividend
5.1 Amount
CQP has a Yearly Dividend Yield of 5.60%, which is a nice return.
Compared to an average industry Dividend Yield of 6.66, CQP pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.42, CQP pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.6% |
5.2 History
The dividend of CQP is nicely growing with an annual growth rate of 12.15%!
CQP has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)12.15%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
100.55% of the earnings are spent on dividend by CQP. This is not a sustainable payout ratio.
The Dividend Rate of CQP has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP100.55%
EPS Next 2Y1.45%
EPS Next 3Y1.96%
56.13
+0.31 (+0.56%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners4.65%
Inst Owner Change0.49%
Ins Owners0.01%
Ins Owner Change0.02%
Market Cap27.17B
Analysts45.45
Price Target57.59 (2.6%)
Short Float %2.21%
Short Ratio5.07
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.6% |
Yearly Dividend4.62
Dividend Growth(5Y)12.15%
DP100.55%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-3.85%
Min EPS beat(2)-4.08%
Max EPS beat(2)-3.62%
EPS beat(4)2
Avg EPS beat(4)2.21%
Min EPS beat(4)-4.08%
Max EPS beat(4)9.95%
EPS beat(8)5
Avg EPS beat(8)17.63%
EPS beat(12)7
Avg EPS beat(12)13.41%
EPS beat(16)10
Avg EPS beat(16)5.37%
Revenue beat(2)2
Avg Revenue beat(2)5.17%
Min Revenue beat(2)3.93%
Max Revenue beat(2)6.41%
Revenue beat(4)2
Avg Revenue beat(4)-1.18%
Min Revenue beat(4)-8.9%
Max Revenue beat(4)6.41%
Revenue beat(8)4
Avg Revenue beat(8)-2.38%
Revenue beat(12)8
Avg Revenue beat(12)2.19%
Revenue beat(16)12
Avg Revenue beat(16)4.85%
PT rev (1m)1.08%
PT rev (3m)1.92%
EPS NQ rev (1m)1.8%
EPS NQ rev (3m)-0.87%
EPS NY rev (1m)1.51%
EPS NY rev (3m)-0.48%
Revenue NQ rev (1m)-3.43%
Revenue NQ rev (3m)-1.44%
Revenue NY rev (1m)-5.96%
Revenue NY rev (3m)2.03%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.53 | ||
| Fwd PE | 12.83 | ||
| P/S | 2.89 | ||
| P/FCF | 9.75 | ||
| P/OCF | 9.17 | ||
| P/B | N/A | ||
| P/tB | N/A | ||
| EV/EBITDA | 10.7 |
EPS(TTM)4.15
EY7.39%
EPS(NY)4.37
Fwd EY7.79%
FCF(TTM)5.76
FCFY10.25%
OCF(TTM)6.12
OCFY10.91%
SpS19.42
BVpS-0.79
TBVpS-0.79
PEG (NY)4.54
PEG (5Y)1
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.79% | ||
| ROE | N/A | ||
| ROCE | 20.47% | ||
| ROIC | 16.17% | ||
| ROICexc | 16.27% | ||
| ROICexgc | 16.27% | ||
| OM | 34.38% | ||
| PM (TTM) | 21.45% | ||
| GM | 42.87% | ||
| FCFM | 29.64% |
ROA(3y)12.81%
ROA(5y)10.3%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)18.68%
ROIC(5y)15.3%
ROICexc(3y)19.35%
ROICexc(5y)15.95%
ROICexgc(3y)19.35%
ROICexgc(5y)15.95%
ROCE(3y)23.64%
ROCE(5y)19.37%
ROICexcg growth 3Y12.26%
ROICexcg growth 5Y12.29%
ROICexc growth 3Y12.26%
ROICexc growth 5Y12.29%
OM growth 3Y11.45%
OM growth 5Y5.45%
PM growth 3Y15.45%
PM growth 5Y8.25%
GM growth 3Y11.12%
GM growth 5Y4.13%
F-Score5
Asset Turnover0.55
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | N/A | ||
| Debt/FCF | 5.32 | ||
| Debt/EBITDA | 3.76 | ||
| Cap/Depr | 26.06% | ||
| Cap/Sales | 1.89% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 75.73% | ||
| Profit Quality | 138.19% | ||
| Current Ratio | 0.88 | ||
| Quick Ratio | 0.76 | ||
| Altman-Z | N/A |
F-Score5
WACC8.68%
ROIC/WACC1.86
Cap/Depr(3y)42.17%
Cap/Depr(5y)83.85%
Cap/Sales(3y)2.22%
Cap/Sales(5y)5.86%
Profit Quality(3y)152.04%
Profit Quality(5y)128.49%
High Growth Momentum
Growth
EPS 1Y (TTM)-10.37%
EPS 3Y12.44%
EPS 5Y13.56%
EPS Q2Q%-8.47%
EPS Next Y2.98%
EPS Next 2Y1.45%
EPS Next 3Y1.96%
EPS Next 5Y-1.79%
Revenue 1Y (TTM)3.94%
Revenue growth 3Y-2.65%
Revenue growth 5Y4.94%
Sales Q2Q%30.24%
Revenue Next Year28.33%
Revenue Next 2Y8.79%
Revenue Next 3Y9.65%
Revenue Next 5Y2.18%
EBIT growth 1Y-14.57%
EBIT growth 3Y8.5%
EBIT growth 5Y10.67%
EBIT Next Year22.98%
EBIT Next 3Y6.38%
EBIT Next 5Y2.66%
FCF growth 1Y-25.57%
FCF growth 3Y19.65%
FCF growth 5Y67.1%
OCF growth 1Y-29.36%
OCF growth 3Y9.01%
OCF growth 5Y13.92%