Gaslog Partners LP (GLOP) Stock Fundamental Analysis
NYSE:GLOP - New York Stock Exchange, Inc. - MHY2687W1084 - Currency: USD
Taking everything into account, GLOP scores 4 out of 10 in our fundamental rating. GLOP was compared to 210 industry peers in the Oil, Gas & Consumable Fuels industry. GLOP has a medium profitability rating, but doesn't score so well on its financial health evaluation. GLOP has a valuation in line with the averages, but on the other hand it scores bad on growth.
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.
The reported net income has been mixed in the past 5 years: GLOP reported negative net income in multiple years.
GLOP had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
GLOP's Return On Assets of 4.79% is on the low side compared to the rest of the industry. GLOP is outperformed by 67.91% of its industry peers.
GLOP has a worse Return On Equity (9.53%) than 70.23% of its industry peers.
Looking at the Return On Invested Capital, with a value of 9.57%, GLOP is doing worse than 60.47% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for GLOP is significantly below the industry average of 28.74%.
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 comparable to the rest of the industry.
In the last couple of years the Profit Margin of GLOP has grown nicely.
GLOP has a better Operating Margin (52.25%) than 77.21% of its industry peers.
GLOP's Operating Margin has been stable in the last couple of years.
Looking at the Gross Margin, with a value of 79.98%, GLOP belongs to the top of the industry, outperforming 81.86% of the companies in the same industry.
In the last couple of years the Gross Margin of GLOP has remained more or less at the same level.
| 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
GLOP has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
Compared to 1 year ago, GLOP has more shares outstanding
The debt/assets ratio for GLOP has been reduced compared to a year ago.
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's Debt to FCF ratio of 3.27 is in line compared to the rest of the industry. GLOP outperforms 54.42% of its industry peers.
A Debt/Equity ratio of 0.67 indicates that GLOP is somewhat dependend on debt financing.
GLOP has a Debt to Equity ratio of 0.67. This is in the lower half of the industry: GLOP underperforms 64.19% of its industry peers.
| 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.
The Current ratio of GLOP (0.99) is worse than 64.65% of its industry peers.
A Quick Ratio of 0.98 indicates that GLOP may have some problems paying its short term obligations.
The Quick ratio of GLOP (0.98) is comparable to the rest of the industry.
| 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.
GLOP shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -0.37% yearly.
The Revenue has grown by 18.53% in the past year. This is quite good.
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
GLOP is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -19.08% yearly.
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.
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
With a Price/Earnings ratio of 3.66, the valuation of GLOP can be described as very cheap.
Based on the Price/Earnings ratio, GLOP is valued a bit cheaper than the industry average as 79.07% of the companies are valued more expensively.
GLOP is valuated cheaply when we compare the Price/Earnings ratio to 29.62, which is the current average of the S&P500 Index.
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 22.70, 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 GLOP does not grow enough to justify the current Price/Earnings ratio.
GLOP's earnings are expected to decrease with -19.08% in the coming years. This may justify a cheaper valuation.
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 6.67.
Compared to an average S&P500 Dividend Yield of 2.27, 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 been paying a dividend for at least 10 years, so it has a reliable track record.
The dividend of GLOP decreased 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.
GLOP's earnings and Dividend Rate are declining. This means the current dividend is most likely not sustainable.
DP29.8%
EPS Next 2Y-22.61%
EPS Next 3Y-19.08%
8.63
-0.01 (-0.12%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners0.01%
Inst Owner Change0%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap458.97M
Analysts47.5
Price Target8.91 (3.24%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.46% |
Yearly Dividend0.55
Dividend Growth(5Y)-25.08%
DP29.8%
Div Incr Years0
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)15.79%
Min EPS beat(2)0.3%
Max EPS beat(2)31.28%
EPS beat(4)4
Avg EPS beat(4)30.01%
Min EPS beat(4)0.3%
Max EPS beat(4)79.2%
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)2
Avg Revenue beat(2)8.18%
Min Revenue beat(2)6.93%
Max Revenue beat(2)9.43%
Revenue beat(4)4
Avg Revenue beat(4)9.45%
Min Revenue beat(4)1.73%
Max Revenue beat(4)19.73%
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)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-6.4%
EPS NY rev (1m)0%
EPS NY rev (3m)1.64%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.68%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.99%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.66 | ||
| Fwd PE | 6.7 | ||
| P/S | 1.19 | ||
| P/FCF | 1.63 | ||
| P/OCF | 1.61 | ||
| P/B | 0.46 | ||
| P/tB | 0.46 | ||
| EV/EBITDA | 3.6 |
EPS(TTM)2.36
EY27.35%
EPS(NY)1.29
Fwd EY14.92%
FCF(TTM)5.29
FCFY61.31%
OCF(TTM)5.38
OCFY62.29%
SpS7.23
BVpS18.63
TBVpS18.63
PEG (NY)2.1
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.79% | ||
| ROE | 9.53% | ||
| ROCE | N/A | ||
| ROIC | 9.57% | ||
| ROICexc | 11.53% | ||
| ROICexgc | 11.53% | ||
| OM | 52.25% | ||
| PM (TTM) | 24.56% | ||
| GM | 79.98% | ||
| FCFM | N/A |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)6.43%
ROIC(5y)6.63%
ROICexc(3y)7.04%
ROICexc(5y)7.16%
ROICexgc(3y)7.04%
ROICexgc(5y)7.16%
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3Y9.38%
ROICexcg growth 5Y3.14%
ROICexc growth 3Y9.38%
ROICexc growth 5Y3.14%
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%
F-Score9
Asset Turnover0.2
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.67 | ||
| Debt/FCF | 3.27 | ||
| Debt/EBITDA | 3.18 | ||
| Cap/Depr | 5.08% | ||
| Cap/Sales | N/A | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | 297.9% | ||
| Current Ratio | 0.99 | ||
| Quick Ratio | 0.98 | ||
| Altman-Z | N/A |
F-Score9
WACC7.3%
ROIC/WACC1.31
Cap/Depr(3y)18.01%
Cap/Depr(5y)19.44%
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)81.54%
EPS 3Y12.01%
EPS 5Y-0.37%
EPS Q2Q%51.22%
EPS Next Y1.74%
EPS Next 2Y-22.61%
EPS Next 3Y-19.08%
EPS Next 5YN/A
Revenue 1Y (TTM)18.53%
Revenue growth 3Y-0.68%
Revenue growth 5Y-1.58%
Sales Q2Q%15.93%
Revenue Next Year-0.38%
Revenue Next 2Y-7.27%
Revenue Next 3Y-6.6%
Revenue Next 5YN/A
EBIT growth 1Y43.14%
EBIT growth 3Y0%
EBIT growth 5Y-3%
EBIT Next Year53.2%
EBIT Next 3Y8%
EBIT Next 5YN/A
FCF growth 1Y51.18%
FCF growth 3Y6.91%
FCF growth 5Y2.01%
OCF growth 1Y36.19%
OCF growth 3Y5.12%
OCF growth 5Y1.79%