Gaslog Partners LP (GLOP) Fundamental Analysis & Valuation

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 Forecast Earnings Financials Ownership News

This GLOP fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

3

Taking everything into account, GLOP scores 3 out of 10 in our fundamental rating. 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 is valued correctly, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

4

1. GLOP Profitability Analysis

1.1 Basic Checks

  • GLOP had positive earnings in the past year.
  • GLOP had a positive operating cash flow in the past year.
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

  • The Return On Assets of GLOP (4.79%) is worse than 67.91% of its industry peers.
  • Looking at the Return On Equity, with a value of 9.53%, GLOP is doing worse than 70.23% of the companies in the same industry.
  • GLOP's Return On Invested Capital of 9.57% is on the low side compared to the rest of the industry. GLOP is outperformed by 60.47% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for GLOP is significantly below the industry average of 22.52%.
  • The 3 year average ROIC (6.43%) for GLOP is below the current ROIC(9.57%), indicating increased profibility in the last year.
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

  • 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 Operating Margin of 52.25%. This is in the better half of the industry: GLOP outperforms 77.21% of its industry peers.
  • GLOP's Operating Margin has been stable in the last couple of years.
  • The Gross Margin of GLOP (79.98%) is better than 81.86% of its industry peers.
  • In the last couple of years the Gross Margin of GLOP has remained more or less at the same level.
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. GLOP Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), GLOP is creating some value.
  • Compared to 1 year ago, GLOP has more shares outstanding
  • Compared to 1 year ago, GLOP has an improved debt to assets ratio.
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.
  • GLOP has a worse Debt to Equity ratio (0.67) 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

  • A Current Ratio of 0.99 indicates that GLOP may have some problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 0.99, GLOP is doing worse than 64.65% of the companies in the same industry.
  • 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. GLOP Growth Analysis

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.
  • 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.
  • 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.
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. GLOP Valuation Analysis

4.1 Price/Earnings Ratio

  • GLOP is valuated cheaply with a Price/Earnings ratio of 3.66.
  • 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.
  • GLOP is valuated cheaply when we compare the Price/Earnings ratio to 26.45, which is the current average of the S&P500 Index.
  • Based on the Price/Forward Earnings ratio of 6.70, the valuation of GLOP can be described as very cheap.
  • Based on the Price/Forward Earnings ratio, GLOP is valued a bit cheaper than the industry average as 68.84% of the companies are valued more expensively.
  • GLOP's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 24.65.
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 5 10 15 20 25

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.
  • GLOP's Price/Free Cash Flow ratio is rather cheap when compared to the industry. GLOP is 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 an expensive valuation of the company.
  • 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%

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

3

5. GLOP Dividend Analysis

5.1 Amount

  • With a yearly dividend of 0.46%, GLOP is not a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 3.45, GLOP is paying slightly less dividend.
  • Compared to an average S&P500 Dividend Yield of 1.82, GLOP's dividend is way lower than the S&P500 average.
Industry RankSector 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
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

  • GLOP pays out 29.80% of its income as dividend. This is a 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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GLOP Fundamentals: All Metrics, Ratios and Statistics

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.