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
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. Profitability

1.1 Basic Checks

  • In the past year GLOP was profitable.
  • 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.
  • GLOP has a Return On Equity of 9.53%. This is in the lower half of the industry: GLOP underperforms 70.23% of its industry peers.
  • 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 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 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.
  • GLOP's Profit Margin has improved in the last couple of years.
  • Looking at the Operating Margin, with a value of 52.25%, GLOP is in the better half of the industry, outperforming 77.21% of the companies in the same industry.
  • In the last couple of years the Operating Margin of GLOP has remained more or less at the same level.
  • The Gross Margin of GLOP (79.98%) is better than 81.86% of its industry peers.
  • 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

More info and screens

2

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), GLOP is creating some value.
  • GLOP has more shares outstanding than it did 1 year ago.
  • GLOP has a better debt/assets ratio than last year.
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

  • 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.
  • GLOP has a Debt/Equity ratio of 0.67. This is a neutral value indicating 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 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.
  • 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.
  • 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.
  • The Quick ratio of GLOP (0.98) is comparable to the rest of the industry.
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

More info and screens

2

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 81.54% over the past year.
  • 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.
  • GLOP is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -6.60% yearly.
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

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • 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

More info and screens

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.
  • GLOP is valuated cheaply when we compare the Price/Earnings ratio to 28.30, 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.
  • 68.84% of the companies in the same industry are more expensive than GLOP, based on the Price/Forward Earnings ratio.
  • GLOP is valuated cheaply when we compare the Price/Forward Earnings ratio to 25.57, which is the current average of the S&P500 Index.
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

  • 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.
  • 97.21% of the companies in the same industry are more expensive than GLOP, based on the Price/Free Cash Flow ratio.
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.
  • 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%

More info and screens

3

5. Dividend

5.1 Amount

  • GLOP has a yearly dividend return of 0.46%, which is pretty low.
  • Compared to an average industry Dividend Yield of 3.73, 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.
  • 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

  • GLOP pays out 29.80% of its income as dividend. This is a 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%
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

More info and screens

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.