PLAINS GP HOLDINGS LP-CL A (PAGP) Stock Fundamental Analysis
USA - NASDAQ:PAGP - US72651A2078
17.85 USD
+0.09 (+0.51%)
17.85 USD
0 (0%)
Taking everything into account, PAGP scores 4 out of 10 in our fundamental rating. PAGP was compared to 210 industry peers in the Oil, Gas & Consumable Fuels industry. PAGP has a bad profitability rating. Also its financial health evaluation is rather negative. PAGP is not valued too expensively and it also shows a decent growth rate. PAGP also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year PAGP was profitable.
PAGP had a positive operating cash flow in the past year.
PAGP had positive earnings in 4 of the past 5 years.
Each year in the past 5 years PAGP had a positive operating cash flow.
1.2 Ratios
With a Return On Assets value of 0.48%, PAGP is not doing good in the industry: 67.14% of the companies in the same industry are doing better.
PAGP has a Return On Equity of 10.04%. This is in the better half of the industry: PAGP outperforms 62.86% of its industry peers.
PAGP's Return On Invested Capital of 5.07% is in line compared to the rest of the industry. PAGP outperforms 43.33% of its industry peers.
PAGP had an Average Return On Invested Capital over the past 3 years of 5.23%. This is significantly below the industry average of 21.71%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.48% | ||
| ROE | 10.04% | ||
| ROIC | 5.07% |
ROA(3y)0.55%
ROA(5y)-0.07%
ROE(3y)10.48%
ROE(5y)-0.69%
ROIC(3y)5.23%
ROIC(5y)4.87%
1.3 Margins
PAGP's Profit Margin of 0.28% is on the low side compared to the rest of the industry. PAGP is outperformed by 67.62% of its industry peers.
PAGP's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 2.91%, PAGP is doing worse than 69.05% of the companies in the same industry.
PAGP's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 9.40%, PAGP is doing worse than 70.95% of the companies in the same industry.
In the last couple of years the Gross Margin of PAGP has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 2.91% | ||
| PM (TTM) | 0.28% | ||
| GM | 9.4% |
OM growth 3Y-8.29%
OM growth 5Y-14.79%
PM growth 3Y12.99%
PM growth 5Y-26.86%
GM growth 3Y2%
GM growth 5Y-6.37%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), PAGP is destroying value.
PAGP has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, PAGP has less shares outstanding
Compared to 1 year ago, PAGP has a worse debt to assets ratio.
2.2 Solvency
PAGP has a debt to FCF ratio of 4.11. This is a neutral value as PAGP would need 4.11 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 4.11, PAGP is doing good in the industry, outperforming 67.62% of the companies in the same industry.
A Debt/Equity ratio of 6.06 is on the high side and indicates that PAGP has dependencies on debt financing.
PAGP has a worse Debt to Equity ratio (6.06) than 89.52% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 6.06 | ||
| Debt/FCF | 4.11 | ||
| Altman-Z | N/A |
ROIC/WACC0.66
WACC7.65%
2.3 Liquidity
PAGP has a Current Ratio of 1.00. This is a normal value and indicates that PAGP is financially healthy and should not expect problems in meeting its short term obligations.
PAGP has a Current ratio (1.00) which is in line with its industry peers.
A Quick Ratio of 0.97 indicates that PAGP may have some problems paying its short term obligations.
With a Quick ratio value of 0.97, PAGP perfoms like the industry average, outperforming 49.52% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1 | ||
| Quick Ratio | 0.97 |
3. Growth
3.1 Past
PAGP shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -80.94%.
Measured over the past years, PAGP shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -23.92% on average per year.
Looking at the last year, PAGP shows a small growth in Revenue. The Revenue has grown by 2.79% in the last year.
PAGP shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 8.26% yearly.
EPS 1Y (TTM)-80.94%
EPS 3Y18.32%
EPS 5Y-23.92%
EPS Q2Q%N/A
Revenue 1Y (TTM)2.79%
Revenue growth 3Y5.97%
Revenue growth 5Y8.26%
Sales Q2Q%-9.14%
3.2 Future
The Earnings Per Share is expected to grow by 28.07% on average over the next years. This is a very strong growth
The Revenue is expected to decrease by -5.80% on average over the next years.
EPS Next Y192.89%
EPS Next 2Y74.2%
EPS Next 3Y44.93%
EPS Next 5Y28.07%
Revenue Next Year-12.2%
Revenue Next 2Y-1.18%
Revenue Next 3Y-0.21%
Revenue Next 5Y-5.8%
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
A Price/Earnings ratio of 33.68 indicates a quite expensive valuation of PAGP.
Compared to the rest of the industry, the Price/Earnings ratio of PAGP indicates a slightly more expensive valuation: PAGP is more expensive than 61.90% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of PAGP to the average of the S&P500 Index (25.51), we can say PAGP is valued slightly more expensively.
A Price/Forward Earnings ratio of 11.10 indicates a reasonable valuation of PAGP.
Based on the Price/Forward Earnings ratio, PAGP is valued a bit cheaper than 69.52% of the companies in the same industry.
PAGP's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 34.98.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 33.68 | ||
| Fwd PE | 11.1 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of PAGP indicates a somewhat cheap valuation: PAGP is cheaper than 74.76% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, PAGP is valued cheaply inside the industry as 99.52% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 1.67 | ||
| EV/EBITDA | 4.95 |
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.
PAGP's earnings are expected to grow with 44.93% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.17
PEG (5Y)N/A
EPS Next 2Y74.2%
EPS Next 3Y44.93%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 8.68%, PAGP is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 5.89, PAGP pays a better dividend. On top of this PAGP pays more dividend than 85.24% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.44, PAGP pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.68% |
5.2 History
The dividend of PAGP has a limited annual growth rate of 2.27%.
PAGP has been paying a dividend for at least 10 years, so it has a reliable track record.
PAGP has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)2.27%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
PAGP pays out 202.94% of its income as dividend. This is not a sustainable payout ratio.
The dividend of PAGP is growing, but earnings are growing more, so the dividend growth is sustainable.
DP202.94%
EPS Next 2Y74.2%
EPS Next 3Y44.93%
17.85
+0.09 (+0.51%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners80.6%
Inst Owner Change5.04%
Ins Owners2.67%
Ins Owner Change-0.08%
Market Cap3.53B
Revenue(TTM)50.07B
Net Income(TTM)136.00M
Analysts73
Price Target21.19 (18.71%)
Short Float %5.09%
Short Ratio7.61
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.68% |
Yearly Dividend0.32
Dividend Growth(5Y)2.27%
DP202.94%
Div Incr Years3
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-34.77%
Min EPS beat(2)-55.97%
Max EPS beat(2)-13.57%
EPS beat(4)0
Avg EPS beat(4)-56.85%
Min EPS beat(4)-115.08%
Max EPS beat(4)-13.57%
EPS beat(8)0
Avg EPS beat(8)-42.42%
EPS beat(12)2
Avg EPS beat(12)8.79%
EPS beat(16)4
Avg EPS beat(16)8.84%
Revenue beat(2)0
Avg Revenue beat(2)-15.66%
Min Revenue beat(2)-16.72%
Max Revenue beat(2)-14.6%
Revenue beat(4)0
Avg Revenue beat(4)-13.29%
Min Revenue beat(4)-17.15%
Max Revenue beat(4)-4.69%
Revenue beat(8)2
Avg Revenue beat(8)-7.53%
Revenue beat(12)2
Avg Revenue beat(12)-7.94%
Revenue beat(16)6
Avg Revenue beat(16)-0.96%
PT rev (1m)-1.77%
PT rev (3m)-2.54%
EPS NQ rev (1m)0%
EPS NQ rev (3m)11.12%
EPS NY rev (1m)-0.46%
EPS NY rev (3m)0.46%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-3.15%
Revenue NY rev (1m)0.22%
Revenue NY rev (3m)4.99%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 33.68 | ||
| Fwd PE | 11.1 | ||
| P/S | 0.07 | ||
| P/FCF | 1.67 | ||
| P/OCF | 1.29 | ||
| P/B | 2.61 | ||
| P/tB | N/A | ||
| EV/EBITDA | 4.95 |
EPS(TTM)0.53
EY2.97%
EPS(NY)1.61
Fwd EY9.01%
FCF(TTM)10.68
FCFY59.81%
OCF(TTM)13.88
OCFY77.74%
SpS241.72
BVpS6.85
TBVpS-1.43
PEG (NY)0.17
PEG (5Y)N/A
Graham Number9.04
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.48% | ||
| ROE | 10.04% | ||
| ROCE | 5.88% | ||
| ROIC | 5.07% | ||
| ROICexc | 5.17% | ||
| ROICexgc | 5.56% | ||
| OM | 2.91% | ||
| PM (TTM) | 0.28% | ||
| GM | 9.4% | ||
| FCFM | 4.42% |
ROA(3y)0.55%
ROA(5y)-0.07%
ROE(3y)10.48%
ROE(5y)-0.69%
ROIC(3y)5.23%
ROIC(5y)4.87%
ROICexc(3y)5.29%
ROICexc(5y)4.92%
ROICexgc(3y)5.77%
ROICexgc(5y)5.34%
ROCE(3y)6.07%
ROCE(5y)5.65%
ROICexgc growth 3Y-2%
ROICexgc growth 5Y-7.01%
ROICexc growth 3Y-1.66%
ROICexc growth 5Y-5.85%
OM growth 3Y-8.29%
OM growth 5Y-14.79%
PM growth 3Y12.99%
PM growth 5Y-26.86%
GM growth 3Y2%
GM growth 5Y-6.37%
F-Score5
Asset Turnover1.69
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 6.06 | ||
| Debt/FCF | 4.11 | ||
| Debt/EBITDA | 3.46 | ||
| Cap/Depr | 64.53% | ||
| Cap/Sales | 1.32% | ||
| Interest Coverage | 3.59 | ||
| Cash Conversion | 115.68% | ||
| Profit Quality | 1552.21% | ||
| Current Ratio | 1 | ||
| Quick Ratio | 0.97 | ||
| Altman-Z | N/A |
F-Score5
WACC7.65%
ROIC/WACC0.66
Cap/Depr(3y)53.51%
Cap/Depr(5y)63.68%
Cap/Sales(3y)1.06%
Cap/Sales(5y)1.44%
Profit Quality(3y)1354.41%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-80.94%
EPS 3Y18.32%
EPS 5Y-23.92%
EPS Q2Q%N/A
EPS Next Y192.89%
EPS Next 2Y74.2%
EPS Next 3Y44.93%
EPS Next 5Y28.07%
Revenue 1Y (TTM)2.79%
Revenue growth 3Y5.97%
Revenue growth 5Y8.26%
Sales Q2Q%-9.14%
Revenue Next Year-12.2%
Revenue Next 2Y-1.18%
Revenue Next 3Y-0.21%
Revenue Next 5Y-5.8%
EBIT growth 1Y-0.36%
EBIT growth 3Y-2.81%
EBIT growth 5Y-7.75%
EBIT Next Year70.9%
EBIT Next 3Y17.85%
EBIT Next 5Y8.71%
FCF growth 1Y-11%
FCF growth 3Y4.06%
FCF growth 5Y8.42%
OCF growth 1Y-5.51%
OCF growth 3Y7.65%
OCF growth 5Y-0.13%
PLAINS GP HOLDINGS LP-CL A / PAGP FAQ
What is the fundamental rating for PAGP stock?
ChartMill assigns a fundamental rating of 4 / 10 to PAGP.
What is the valuation status for PAGP stock?
ChartMill assigns a valuation rating of 6 / 10 to PLAINS GP HOLDINGS LP-CL A (PAGP). This can be considered as Fairly Valued.
What is the profitability of PAGP stock?
PLAINS GP HOLDINGS LP-CL A (PAGP) has a profitability rating of 3 / 10.
What are the PE and PB ratios of PLAINS GP HOLDINGS LP-CL A (PAGP) stock?
The Price/Earnings (PE) ratio for PLAINS GP HOLDINGS LP-CL A (PAGP) is 33.68 and the Price/Book (PB) ratio is 2.61.
What is the expected EPS growth for PLAINS GP HOLDINGS LP-CL A (PAGP) stock?
The Earnings per Share (EPS) of PLAINS GP HOLDINGS LP-CL A (PAGP) is expected to grow by 192.89% in the next year.