Gaslog Partners LP (GLOP) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:GLOP - MHY2687W1084
8.63 USD
-0.01 (-0.12%)
8 USD
-0.63 (-7.3%)
We assign a fundamental rating of 3 out of 10 to GLOP. GLOP was compared to 207 industry peers in the Oil, Gas & Consumable Fuels industry. While GLOP is still in line with the averages on profitability rating, there are concerns on its financial health. GLOP has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
- GLOP had positive earnings in the past year.
- In the past year GLOP had a positive cash flow from operations.
1.2 Ratios
- GLOP has a worse Return On Assets (4.79%) than 67.91% of its industry peers.
- With a Return On Equity value of 9.53%, GLOP is not doing good in the industry: 70.23% of the companies in the same industry are doing better.
- GLOP has a worse Return On Invested Capital (9.57%) than 60.47% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for GLOP is significantly below the industry average of 21.94%.
- The 3 year average ROIC (6.43%) for GLOP is below the current ROIC(9.57%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.79% | ||
| ROE | 9.53% | ||
| ROIC | 9.57% |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)6.43%
ROIC(5y)6.63%
1.3 Margins
- GLOP has a Profit Margin (24.56%) which is in line with its industry peers.
- GLOP's Profit Margin has improved in the last couple of years.
- GLOP's Operating Margin of 52.25% is fine compared to the rest of the industry. GLOP outperforms 77.21% of its industry peers.
- In the last couple of years the Operating Margin of GLOP has remained more or less at the same level.
- With an excellent Gross Margin value of 79.98%, GLOP belongs to the best of the industry, outperforming 81.86% of the companies in the same industry.
- GLOP's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 52.25% | ||
| PM (TTM) | 24.56% | ||
| GM | 79.98% |
OM growth 3Y0.69%
OM growth 5Y-1.45%
PM growth 3YN/A
PM growth 5Y3.05%
GM growth 3Y0.38%
GM growth 5Y-0.27%
2. Health
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so GLOP is still creating some value.
- The number of shares outstanding for GLOP has been increased compared to 1 year ago.
- Compared to 1 year ago, GLOP has an improved debt to assets ratio.
2.2 Solvency
- GLOP has a debt to FCF ratio of 3.27. This is a good value and a sign of high solvency as GLOP would need 3.27 years to pay back of all of its debts.
- GLOP has a Debt to FCF ratio (3.27) which is in line with its industry peers.
- A Debt/Equity ratio of 0.67 indicates that GLOP is somewhat dependend on debt financing.
- Looking at the Debt to Equity ratio, with a value of 0.67, GLOP is doing worse than 64.19% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.67 | ||
| Debt/FCF | 3.27 | ||
| Altman-Z | N/A |
ROIC/WACC1.31
WACC7.3%
2.3 Liquidity
- A Current Ratio of 0.99 indicates that GLOP may have some problems paying its short term obligations.
- With a Current ratio value of 0.99, GLOP is not doing good in the industry: 64.65% of the companies in the same industry are doing better.
- A Quick Ratio of 0.98 indicates that GLOP may have some problems paying its short term obligations.
- GLOP has a Quick ratio (0.98) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.99 | ||
| Quick Ratio | 0.98 |
3. Growth
3.1 Past
- GLOP shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 81.54%, which is quite impressive.
- Measured over the past years, GLOP shows a decrease in Earnings Per Share. The EPS has been decreasing by -0.37% on average per year.
- GLOP shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 18.53%.
- GLOP shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -1.58% yearly.
EPS 1Y (TTM)81.54%
EPS 3Y12.01%
EPS 5Y-0.37%
EPS Q2Q%51.22%
Revenue 1Y (TTM)18.53%
Revenue growth 3Y-0.68%
Revenue growth 5Y-1.58%
Sales Q2Q%15.93%
3.2 Future
- Based on estimates for the next years, GLOP will show a very negative growth in Earnings Per Share. The EPS will decrease by -19.08% on average per year.
- The Revenue is expected to decrease by -6.60% on average over the next years.
EPS Next Y1.74%
EPS Next 2Y-22.61%
EPS Next 3Y-19.08%
EPS Next 5YN/A
Revenue Next Year-0.38%
Revenue Next 2Y-7.27%
Revenue Next 3Y-6.6%
Revenue Next 5YN/A
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.
- 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
- GLOP is valuated cheaply with a Price/Earnings ratio of 3.66.
- 79.07% of the companies in the same industry are more expensive than GLOP, based on the Price/Earnings ratio.
- When comparing the Price/Earnings ratio of GLOP to the average of the S&P500 Index (27.25), we can say GLOP is valued rather cheaply.
- The Price/Forward Earnings ratio is 6.70, which indicates a rather cheap valuation of GLOP.
- 68.84% of the companies in the same industry are more expensive than GLOP, based on the Price/Forward Earnings ratio.
- Compared to an average S&P500 Price/Forward Earnings ratio of 25.98, GLOP is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.66 | ||
| Fwd PE | 6.7 |
4.2 Price Multiples
- GLOP's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. GLOP is cheaper than 63.72% of the companies in the same industry.
- Based on the Price/Free Cash Flow ratio, GLOP is valued cheaper than 97.21% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 1.63 | ||
| EV/EBITDA | 3.6 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
- A cheap valuation may be justified as GLOP's earnings are expected to decrease with -19.08% in the coming years.
PEG (NY)2.1
PEG (5Y)N/A
EPS Next 2Y-22.61%
EPS Next 3Y-19.08%
5. Dividend
5.1 Amount
- GLOP has a yearly dividend return of 0.46%, which is pretty low.
- GLOP's Dividend Yield is slightly below the industry average, which is at 3.73.
- Compared to an average S&P500 Dividend Yield of 1.82, GLOP's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.46% |
5.2 History
- The dividend of GLOP decreases each year by -25.08%.
- GLOP has paid a dividend for at least 10 years, which is a reliable track record.
- GLOP has decreased its dividend recently.
Dividend Growth(5Y)-25.08%
Div Incr Years0
Div Non Decr Years1
5.3 Sustainability
- 29.80% of the earnings are spent on dividend by GLOP. This is a low number and sustainable payout ratio.
- The Dividend Rate of GLOP has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP29.8%
EPS Next 2Y-22.61%
EPS Next 3Y-19.08%
Gaslog Partners LP / GLOP FAQ
What is the fundamental rating for GLOP stock?
ChartMill assigns a fundamental rating of 4 / 10 to GLOP.
What is the valuation status of Gaslog Partners LP (GLOP) stock?
ChartMill assigns a valuation rating of 7 / 10 to Gaslog Partners LP (GLOP). This can be considered as Undervalued.
Can you provide the profitability details for Gaslog Partners LP?
Gaslog Partners LP (GLOP) has a profitability rating of 5 / 10.
What is the valuation of Gaslog Partners LP based on its PE and PB ratios?
The Price/Earnings (PE) ratio for Gaslog Partners LP (GLOP) is 3.66 and the Price/Book (PB) ratio is 0.46.
What is the expected EPS growth for Gaslog Partners LP (GLOP) stock?
The Earnings per Share (EPS) of Gaslog Partners LP (GLOP) is expected to grow by 1.74% in the next year.