Gaslog Partners LP (GLOP) Stock Fundamental Analysis

USA • New York Stock Exchange • NYSE:GLOP • MHY2687W1084

8.63 USD
-0.01 (-0.12%)
At close: Jul 12, 2023
8 USD
-0.63 (-7.3%)
Pre-Market: 7/13/2023, 7:25:36 AM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

3

Overall GLOP gets a fundamental rating of 3 out of 10. We evaluated GLOP against 207 industry peers in the Oil, Gas & Consumable Fuels industry. There are concerns on the financial health of GLOP while its profitability can be described as average. GLOP has a valuation in line with the averages, but on the other hand it scores bad on growth.


Dividend Valuation Growth Profitability Health

4

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.
GLOP Yearly Net Income VS EBIT VS OCF VS FCFGLOP Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 0 100M -100M 200M -200M

1.2 Ratios

  • GLOP has a Return On Assets of 4.79%. This is in the lower half of the industry: GLOP underperforms 67.91% of its industry peers.
  • GLOP's Return On Equity of 9.53% is on the low side compared to the rest of the industry. GLOP is outperformed by 70.23% of its industry peers.
  • With a Return On Invested Capital value of 9.57%, GLOP is not doing good in the industry: 60.47% of the companies in the same industry are doing better.
  • The Average Return On Invested Capital over the past 3 years for GLOP is significantly below the industry average of 21.94%.
  • The last Return On Invested Capital (9.57%) for GLOP is above the 3 year average (6.43%), which is a sign of increasing profitability.
Industry RankSector 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%
GLOP Yearly ROA, ROE, ROICGLOP Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 0 5 -5

1.3 Margins

  • With a Profit Margin value of 24.56%, GLOP perfoms like the industry average, outperforming 53.95% of the companies in the same 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.
  • GLOP's Gross Margin has been stable in the last couple of years.
Industry RankSector 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%
GLOP Yearly Profit, Operating, Gross MarginsGLOP Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 0 20 40 60

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2

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.
  • The debt/assets ratio for GLOP has been reduced compared to a year ago.
GLOP Yearly Shares OutstandingGLOP Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 10M 20M 30M 40M 50M
GLOP Yearly Total Debt VS Total AssetsGLOP Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 500M 1B 1.5B 2B 2.5B

2.2 Solvency

  • The Debt to FCF ratio of GLOP is 3.27, which is a good value as it means it would take GLOP, 3.27 years of fcf income to pay off all of its debts.
  • With a Debt to FCF ratio value of 3.27, GLOP perfoms like the industry average, outperforming 54.42% of the companies in the same industry.
  • GLOP has a Debt/Equity ratio of 0.67. This is a neutral value indicating GLOP is somewhat dependend on debt financing.
  • The Debt to Equity ratio of GLOP (0.67) is worse than 64.19% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.67
Debt/FCF 3.27
Altman-Z N/A
ROIC/WACC1.31
WACC7.3%
GLOP Yearly LT Debt VS Equity VS FCFGLOP Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 0 500M 1B

2.3 Liquidity

  • GLOP has a Current Ratio of 0.99. This is a bad value and indicates that GLOP is not financially healthy enough and could expect problems in meeting its short term obligations.
  • GLOP has a worse Current ratio (0.99) than 64.65% of its industry peers.
  • GLOP has a Quick Ratio of 0.99. This is a bad value and indicates that GLOP is not financially healthy enough and could expect problems in meeting its short term obligations.
  • GLOP's Quick ratio of 0.98 is in line compared to the rest of the industry. GLOP outperforms 46.51% of its industry peers.
Industry RankSector Rank
Current Ratio 0.99
Quick Ratio 0.98
GLOP Yearly Current Assets VS Current LiabilitesGLOP Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 100M 200M 300M 400M 500M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

2

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 81.54% over the past year.
  • The Earnings Per Share has been decreasing by -0.37% on average over the past years.
  • Looking at the last year, GLOP shows a quite strong growth in Revenue. The Revenue has grown by 18.53% in the last year.
  • The Revenue has been decreasing by -1.58% on average over the past years.
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.
  • Based on estimates for the next years, GLOP will show a decrease in Revenue. The Revenue will decrease by -6.60% on average per year.
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.
GLOP Yearly Revenue VS EstimatesGLOP Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M
GLOP Yearly EPS VS EstimatesGLOP Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.5 1 1.5 2

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6

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 3.66, the valuation of GLOP can be described as very cheap.
  • Compared to the rest of the industry, the Price/Earnings ratio of GLOP indicates a somewhat cheap valuation: GLOP is cheaper than 79.07% of the companies listed in the same industry.
  • The average S&P500 Price/Earnings ratio is at 27.92. GLOP is valued rather cheaply when compared to this.
  • With a Price/Forward Earnings ratio of 6.70, the valuation of GLOP can be described as very cheap.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of GLOP indicates a somewhat cheap valuation: GLOP is cheaper than 68.84% of the companies listed in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 27.78. GLOP is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 3.66
Fwd PE 6.7
GLOP Price Earnings VS Forward Price EarningsGLOP Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, GLOP is valued a bit cheaper than the industry average as 63.72% of the companies are valued more expensively.
  • Based on the Price/Free Cash Flow ratio, GLOP is valued cheaper than 97.21% of the companies in the same industry.
Industry RankSector Rank
P/FCF 1.63
EV/EBITDA 3.6
GLOP Per share dataGLOP EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

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.
  • 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%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

3

5. Dividend

5.1 Amount

  • With a yearly dividend of 0.46%, GLOP is not a good candidate for dividend investing.
  • GLOP's Dividend Yield is slightly below the industry average, which is at 3.64.
  • With a Dividend Yield of 0.46, GLOP pays less dividend than the S&P500 average, which is at 1.83.
Industry RankSector 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
GLOP Yearly Dividends per shareGLOP Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 1 2 3

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%
GLOP Yearly Income VS Free CF VS DividendGLOP Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 0 100M -100M 200M -200M
GLOP Dividend Payout.GLOP Dividend Payout, showing the Payout Ratio.GLOP Dividend Payout.PayoutRetained Earnings

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Gaslog Partners LP

NYSE:GLOP (7/12/2023, 8:11:22 PM)

Premarket: 8 -0.63 (-7.3%)

8.63

-0.01 (-0.12%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)04-27
Earnings (Next)07-26
Inst Owners0.01%
Inst Owner Change0%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap458.97M
Revenue(TTM)384.64M
Net Income(TTM)94.47M
Analysts47.5
Price Target8.91 (3.24%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector 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 RankSector 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
Graham NumberN/A
Profitability
Industry RankSector 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
ROICexgc growth 3Y9.38%
ROICexgc 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 RankSector 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%

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.