20.86 USD
+0.15 (+0.72%)
21.07 USD
+0.21 (+1.01%)
PAGP gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 207 industry peers in the Oil, Gas & Consumable Fuels industry. PAGP may be in some trouble as it scores bad on both profitability and health. PAGP is not valued too expensively and it also shows a decent growth rate. Finally 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.
- Of the past 5 years PAGP 4 years were profitable.
- In the past 5 years PAGP always reported a positive cash flow from operatings.
1.2 Ratios
- Looking at the Return On Assets, with a value of 0.64%, PAGP is doing worse than 65.70% of the companies in the same industry.
- The Return On Equity of PAGP (13.83%) is better than 76.33% of its industry peers.
- With a Return On Invested Capital value of 5.17%, PAGP perfoms like the industry average, outperforming 45.41% of the companies in the same industry.
- PAGP had an Average Return On Invested Capital over the past 3 years of 5.23%. This is significantly below the industry average of 21.94%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.64% | ||
| ROE | 13.83% | ||
| ROIC | 5.17% |
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 has a worse Profit Margin (0.40%) than 66.18% of its industry peers.
- PAGP's Profit Margin has declined in the last couple of years.
- PAGP's Operating Margin of 3.08% is on the low side compared to the rest of the industry. PAGP is outperformed by 68.60% of its industry peers.
- PAGP's Operating Margin has declined in the last couple of years.
- PAGP's Gross Margin of 9.23% is on the low side compared to the rest of the industry. PAGP is outperformed by 71.01% of its industry peers.
- In the last couple of years the Gross Margin of PAGP has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 3.08% | ||
| PM (TTM) | 0.4% | ||
| GM | 9.23% |
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.
- The number of shares outstanding for PAGP has been increased compared to 1 year ago.
- Compared to 5 years ago, PAGP has less shares outstanding
- PAGP has a worse debt/assets ratio than last year.
2.2 Solvency
- The Debt to FCF ratio of PAGP is 4.27, which is a neutral value as it means it would take PAGP, 4.27 years of fcf income to pay off all of its debts.
- The Debt to FCF ratio of PAGP (4.27) is better than 67.63% of its industry peers.
- A Debt/Equity ratio of 6.27 is on the high side and indicates that PAGP has dependencies on debt financing.
- PAGP has a worse Debt to Equity ratio (6.27) than 89.37% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 6.27 | ||
| Debt/FCF | 4.27 | ||
| Altman-Z | N/A |
ROIC/WACC0.65
WACC7.98%
2.3 Liquidity
- PAGP has a Current Ratio of 1.04. This is a normal value and indicates that PAGP is financially healthy and should not expect problems in meeting its short term obligations.
- Looking at the Current ratio, with a value of 1.04, PAGP is in line with its industry, outperforming 45.41% of the companies in the same industry.
- A Quick Ratio of 1.01 indicates that PAGP should not have too much problems paying its short term obligations.
- The Quick ratio of PAGP (1.01) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.04 | ||
| Quick Ratio | 1.01 |
3. Growth
3.1 Past
- The Earnings Per Share has grown by an nice 9.41% over the past year.
- The earnings per share for PAGP have been decreasing by -23.92% on average. This is quite bad
- Looking at the last year, PAGP shows a decrease in Revenue. The Revenue has decreased by -7.42% in the last year.
- The Revenue has been growing by 8.26% on average over the past years. This is quite good.
EPS 1Y (TTM)9.41%
EPS 3Y18.32%
EPS 5Y-23.92%
EPS Q2Q%141.18%
Revenue 1Y (TTM)-7.42%
Revenue growth 3Y5.97%
Revenue growth 5Y8.26%
Sales Q2Q%-9.14%
3.2 Future
- PAGP is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 29.87% yearly.
- PAGP is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -5.80% yearly.
EPS Next Y202.15%
EPS Next 2Y76.39%
EPS Next 3Y45.35%
EPS Next 5Y29.87%
Revenue Next Year-12.15%
Revenue Next 2Y-1.16%
Revenue Next 3Y0.17%
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.
- 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.
4. Valuation
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 22.43 indicates a rather expensive valuation of PAGP.
- The rest of the industry has a similar Price/Earnings ratio as PAGP.
- PAGP is valuated rather cheaply when we compare the Price/Earnings ratio to 28.60, which is the current average of the S&P500 Index.
- With a Price/Forward Earnings ratio of 12.65, PAGP is valued correctly.
- PAGP's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. PAGP is cheaper than 67.15% of the companies in the same industry.
- The average S&P500 Price/Forward Earnings ratio is at 25.83. PAGP is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.43 | ||
| Fwd PE | 12.65 |
4.2 Price Multiples
- PAGP's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. PAGP is cheaper than 76.81% of the companies in the same industry.
- Based on the Price/Free Cash Flow ratio, PAGP is valued cheaper than 99.03% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 1.87 | ||
| EV/EBITDA | 5.19 |
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 45.35% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.11
PEG (5Y)N/A
EPS Next 2Y76.39%
EPS Next 3Y45.35%
5. Dividend
5.1 Amount
- PAGP has a Yearly Dividend Yield of 8.22%, which is a nice return.
- PAGP's Dividend Yield is rather good when compared to the industry average which is at 3.73. PAGP pays more dividend than 85.02% of the companies in the same industry.
- PAGP's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.22% |
5.2 History
- The dividend of PAGP has a limited annual growth rate of 2.27%.
- PAGP has paid a dividend for at least 10 years, which is 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 154.84% of its income as dividend. This is not a sustainable payout ratio.
- PAGP's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP154.84%
EPS Next 2Y76.39%
EPS Next 3Y45.35%
PLAINS GP HOLDINGS LP-CL A / PAGP FAQ
Can you provide the ChartMill fundamental rating for PLAINS GP HOLDINGS LP-CL A?
ChartMill assigns a fundamental rating of 4 / 10 to PAGP.
Can you provide the valuation status for PLAINS GP HOLDINGS LP-CL A?
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 is the earnings growth outlook for PLAINS GP HOLDINGS LP-CL A?
The Earnings per Share (EPS) of PLAINS GP HOLDINGS LP-CL A (PAGP) is expected to grow by 202.15% in the next year.
Is the dividend of PLAINS GP HOLDINGS LP-CL A sustainable?
The dividend rating of PLAINS GP HOLDINGS LP-CL A (PAGP) is 7 / 10 and the dividend payout ratio is 154.84%.