NUSTAR ENERGY LP (NS)
US67058H1023
NS gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 205 industry peers in the Oil, Gas & Consumable Fuels industry. There are concerns on the financial health of NS while its profitability can be described as average. NS has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
NS had positive earnings in the past year.
In the past year NS had a positive cash flow from operations.
In multiple years NS reported negative net income over the last 5 years.
In the past 5 years NS always reported a positive cash flow from operatings.
1.2 Ratios
NS has a Return On Assets of 0.71%. This is in the lower half of the industry: NS underperforms 77.67% of its industry peers.
NS has a Return On Equity of 3.38%. This is in the lower half of the industry: NS underperforms 74.42% of its industry peers.
NS's Return On Invested Capital of 7.74% is in line compared to the rest of the industry. NS outperforms 46.98% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for NS is significantly below the industry average of 29.03%.
The last Return On Invested Capital (7.74%) for NS is above the 3 year average (7.42%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.71% | ||
| ROE | 3.38% | ||
| ROIC | 7.74% |
ROA(3y)0.14%
ROA(5y)-1.9%
ROE(3y)1.41%
ROE(5y)-5.01%
ROIC(3y)7.42%
ROIC(5y)6.81%
1.3 Margins
NS has a Profit Margin of 2.11%. This is in the lower half of the industry: NS underperforms 73.02% of its industry peers.
NS has a Operating Margin (27.84%) which is comparable to the rest of the industry.
NS's Operating Margin has improved in the last couple of years.
NS has a Gross Margin (36.89%) which is in line with its industry peers.
NS's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 27.84% | ||
| PM (TTM) | 2.11% | ||
| GM | 36.89% |
OM growth 3Y-0.68%
OM growth 5Y5.39%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.12%
GM growth 5Y4.79%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), NS is creating some value.
Compared to 1 year ago, NS has more shares outstanding
Compared to 5 years ago, NS has more shares outstanding
The debt/assets ratio for NS is higher compared to a year ago.
2.2 Solvency
NS has a debt to FCF ratio of 10.32. This is a negative value and a sign of low solvency as NS would need 10.32 years to pay back of all of its debts.
The Debt to FCF ratio of NS (10.32) is comparable to the rest of the industry.
NS has a Debt/Equity ratio of 3.33. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of NS (3.33) is worse than 87.91% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.33 | ||
| Debt/FCF | 10.32 | ||
| Altman-Z | N/A |
ROIC/WACC1.06
WACC7.28%
2.3 Liquidity
A Current Ratio of 0.81 indicates that NS may have some problems paying its short term obligations.
NS has a Current ratio of 0.81. This is in the lower half of the industry: NS underperforms 72.09% of its industry peers.
NS has a Quick Ratio of 0.81. This is a bad value and indicates that NS is not financially healthy enough and could expect problems in meeting its short term obligations.
NS has a Quick ratio of 0.73. This is in the lower half of the industry: NS underperforms 67.91% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.81 | ||
| Quick Ratio | 0.73 |
3. Growth
3.1 Past
NS shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -1.22%.
NS shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -4.28% yearly.
Looking at the last year, NS shows a decrease in Revenue. The Revenue has decreased by -2.17% in the last year.
NS shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 1.46% yearly.
EPS 1Y (TTM)-1.22%
EPS 3YN/A
EPS 5Y-4.28%
EPS Q2Q%-37.5%
Revenue 1Y (TTM)-2.17%
Revenue growth 3Y3.32%
Revenue growth 5Y1.46%
Sales Q2Q%-0.78%
3.2 Future
NS is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 21.67% yearly.
The Revenue is expected to grow by 0.91% on average over the next years.
EPS Next Y53.78%
EPS Next 2Y34.12%
EPS Next 3Y21.67%
EPS Next 5YN/A
Revenue Next Year6.8%
Revenue Next 2Y3.96%
Revenue Next 3Y0.91%
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 accelerating.
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
Based on the Price/Earnings ratio of 27.11, the valuation of NS can be described as expensive.
75.81% of the companies in the same industry are cheaper than NS, based on the Price/Earnings ratio.
NS is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.09, which is the current average of the S&P500 Index.
NS is valuated correctly with a Price/Forward Earnings ratio of 13.56.
The rest of the industry has a similar Price/Forward Earnings ratio as NS.
NS's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 23.45.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.11 | ||
| Fwd PE | 13.56 |
4.2 Price Multiples
60.93% of the companies in the same industry are cheaper than NS, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, NS is valued a bit cheaper than the industry average as 69.30% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.44 | ||
| EV/EBITDA | 8.68 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
NS's earnings are expected to grow with 21.67% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.5
PEG (5Y)N/A
EPS Next 2Y34.12%
EPS Next 3Y21.67%
5. Dividend
5.1 Amount
NS has a Yearly Dividend Yield of 7.29%, which is a nice return.
NS's Dividend Yield is a higher than the industry average which is at 6.96.
NS's Dividend Yield is rather good when compared to the S&P500 average which is at 2.30.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.29% |
5.2 History
The dividend of NS decreases each year by -8.34%.
NS has paid a dividend for at least 10 years, which is a reliable track record.
The dividend of NS decreased in the last 3 years.
Dividend Growth(5Y)-8.34%
Div Incr Years0
Div Non Decr Years2
5.3 Sustainability
861.28% of the earnings are spent on dividend by NS. This is not a sustainable payout ratio.
DP861.28%
EPS Next 2Y34.12%
EPS Next 3Y21.67%
NUSTAR ENERGY LP
NYSE:NS (5/2/2024, 8:10:13 PM)
After market: 22 +0.04 (+0.18%)21.96
-0.41 (-1.83%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners0.18%
Inst Owner Change-32.34%
Ins Owners8.18%
Ins Owner Change0%
Market Cap2.78B
Analysts46.67
Price Target23.46 (6.83%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.29% |
Dividend Growth(5Y)-8.34%
DP861.28%
Div Incr Years0
Div Non Decr Years2
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-9.88%
Min EPS beat(2)-51.46%
Max EPS beat(2)31.7%
EPS beat(4)1
Avg EPS beat(4)-29.85%
Min EPS beat(4)-66.85%
Max EPS beat(4)31.7%
EPS beat(8)1
Avg EPS beat(8)-34.12%
EPS beat(12)2
Avg EPS beat(12)-78.1%
EPS beat(16)2
Avg EPS beat(16)-118.28%
Revenue beat(2)1
Avg Revenue beat(2)-3.37%
Min Revenue beat(2)-7.85%
Max Revenue beat(2)1.12%
Revenue beat(4)2
Avg Revenue beat(4)-2.12%
Min Revenue beat(4)-7.85%
Max Revenue beat(4)2.69%
Revenue beat(8)4
Avg Revenue beat(8)-4.7%
Revenue beat(12)7
Avg Revenue beat(12)-1.56%
Revenue beat(16)8
Avg Revenue beat(16)-1.82%
PT rev (1m)0.73%
PT rev (3m)21.97%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-4.58%
EPS NY rev (1m)0%
EPS NY rev (3m)4.96%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.81%
Revenue NY rev (1m)0%
Revenue NY rev (3m)2.72%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.11 | ||
| Fwd PE | 13.56 | ||
| P/S | 1.7 | ||
| P/FCF | 8.44 | ||
| P/OCF | 5.68 | ||
| P/B | 2.73 | ||
| P/tB | N/A | ||
| EV/EBITDA | 8.68 |
EPS(TTM)0.81
EY3.69%
EPS(NY)1.62
Fwd EY7.37%
FCF(TTM)2.6
FCFY11.85%
OCF(TTM)3.87
OCFY17.61%
SpS12.89
BVpS8.05
TBVpS-1.42
PEG (NY)0.5
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.71% | ||
| ROE | 3.38% | ||
| ROCE | 9.8% | ||
| ROIC | 7.74% | ||
| ROICexc | 7.75% | ||
| ROICexgc | 10.46% | ||
| OM | 27.84% | ||
| PM (TTM) | 2.11% | ||
| GM | 36.89% | ||
| FCFM | 20.19% |
ROA(3y)0.14%
ROA(5y)-1.9%
ROE(3y)1.41%
ROE(5y)-5.01%
ROIC(3y)7.42%
ROIC(5y)6.81%
ROICexc(3y)7.43%
ROICexc(5y)6.85%
ROICexgc(3y)10.05%
ROICexgc(5y)9.37%
ROCE(3y)9.39%
ROCE(5y)8.62%
ROICexcg growth 3Y8.07%
ROICexcg growth 5Y11.61%
ROICexc growth 3Y7.97%
ROICexc growth 5Y12.53%
OM growth 3Y-0.68%
OM growth 5Y5.39%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.12%
GM growth 5Y4.79%
F-Score4
Asset Turnover0.34
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.33 | ||
| Debt/FCF | 10.32 | ||
| Debt/EBITDA | 4.77 | ||
| Cap/Depr | 62.33% | ||
| Cap/Sales | 9.81% | ||
| Interest Coverage | 1.93 | ||
| Cash Conversion | 68.84% | ||
| Profit Quality | 955.94% | ||
| Current Ratio | 0.81 | ||
| Quick Ratio | 0.73 | ||
| Altman-Z | N/A |
F-Score4
WACC7.28%
ROIC/WACC1.06
Cap/Depr(3y)59.31%
Cap/Depr(5y)87.39%
Cap/Sales(3y)9.52%
Cap/Sales(5y)15.51%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-1.22%
EPS 3YN/A
EPS 5Y-4.28%
EPS Q2Q%-37.5%
EPS Next Y53.78%
EPS Next 2Y34.12%
EPS Next 3Y21.67%
EPS Next 5YN/A
Revenue 1Y (TTM)-2.17%
Revenue growth 3Y3.32%
Revenue growth 5Y1.46%
Sales Q2Q%-0.78%
Revenue Next Year6.8%
Revenue Next 2Y3.96%
Revenue Next 3Y0.91%
Revenue Next 5YN/A
EBIT growth 1Y-3.23%
EBIT growth 3Y2.62%
EBIT growth 5Y6.92%
EBIT Next Year30.44%
EBIT Next 3Y10.81%
EBIT Next 5Y7.72%
FCF growth 1Y0.35%
FCF growth 3Y3.8%
FCF growth 5Y33.44%
OCF growth 1Y-2.43%
OCF growth 3Y-0.75%
OCF growth 5Y-1.13%