PLAINS GP HOLDINGS LP-CL A (PAGP) Stock Fundamental Analysis
USA - NASDAQ:PAGP - US72651A2078
17.52 USD
+0.27 (+1.57%)
17.52 USD
0 (0%)
We assign a fundamental rating of 4 out of 10 to PAGP. 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
PAGP had positive earnings in the past year.
In the past year PAGP had a positive cash flow from operations.
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
The Return On Assets of PAGP (0.48%) is worse than 66.67% of its industry peers.
PAGP has a Return On Equity of 10.04%. This is in the better half of the industry: PAGP outperforms 61.90% of its industry peers.
PAGP has a Return On Invested Capital (5.07%) which is in line with 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 21.78%.
| 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 has a Profit Margin of 0.28%. This is in the lower half of the industry: PAGP underperforms 67.14% of its industry peers.
In the last couple of years the Profit Margin of PAGP has declined.
The Operating Margin of PAGP (2.91%) is worse than 69.05% of its industry peers.
PAGP's Operating Margin has declined in the last couple of years.
PAGP's Gross Margin of 9.40% is on the low side compared to the rest of the industry. PAGP is outperformed by 70.48% of its industry peers.
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
PAGP has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it 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
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.
The Debt to FCF ratio of PAGP (4.11) is better than 68.57% of its industry peers.
PAGP has a Debt/Equity ratio of 6.06. This is a high value indicating a heavy dependency on external financing.
With a Debt to Equity ratio value of 6.06, PAGP is not doing good in the industry: 90.00% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 6.06 | ||
| Debt/FCF | 4.11 | ||
| Altman-Z | N/A |
ROIC/WACC0.67
WACC7.59%
2.3 Liquidity
A Current Ratio of 1.00 indicates that PAGP should not have too much problems paying its short term obligations.
PAGP has a Current ratio (1.00) which is comparable to the rest of the industry.
A Quick Ratio of 0.97 indicates that PAGP may have some problems paying its short term obligations.
The Quick ratio of PAGP (0.97) is comparable to the rest of the 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%.
PAGP shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -23.92% yearly.
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
Based on estimates for the next years, PAGP will show a very strong growth in Earnings Per Share. The EPS will grow by 28.07% on average per year.
Based on estimates for the next years, PAGP will show a decrease in Revenue. The Revenue will decrease by -5.80% on average per year.
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
The EPS growth rate is accelerating: in the next years the growth will be better 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.
4. Valuation
4.1 Price/Earnings Ratio
PAGP is valuated quite expensively with a Price/Earnings ratio of 33.06.
Based on the Price/Earnings ratio, PAGP is valued a bit more expensive than the industry average as 61.90% of the companies are valued more cheaply.
When comparing the Price/Earnings ratio of PAGP to the average of the S&P500 Index (26.06), we can say PAGP is valued slightly more expensively.
The Price/Forward Earnings ratio is 10.89, which indicates a very decent valuation of PAGP.
Compared to the rest of the industry, the Price/Forward Earnings ratio of PAGP indicates a somewhat cheap valuation: PAGP is cheaper than 69.05% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of PAGP to the average of the S&P500 Index (32.73), we can say PAGP is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 33.06 | ||
| Fwd PE | 10.89 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, PAGP is valued a bit cheaper than the industry average as 75.24% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of PAGP indicates a rather cheap valuation: PAGP is cheaper than 99.52% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 1.64 | ||
| EV/EBITDA | 4.93 |
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.
A more expensive valuation may be justified as PAGP's earnings are expected to grow with 44.93% in the coming years.
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 8.81%, PAGP is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 6.14, PAGP pays a better dividend. On top of this PAGP pays more dividend than 84.76% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.37, PAGP pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.81% |
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%
17.52
+0.27 (+1.57%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners80.6%
Inst Owner Change0.11%
Ins Owners2.67%
Ins Owner Change-0.02%
Market Cap3.46B
Revenue(TTM)50.07B
Net Income(TTM)136.00M
Analysts73
Price Target21.19 (20.95%)
Short Float %4.92%
Short Ratio7.6
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.81% |
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)-2.87%
EPS NQ rev (3m)6.27%
EPS NY rev (1m)-0.46%
EPS NY rev (3m)0.46%
Revenue NQ rev (1m)1.07%
Revenue NQ rev (3m)-3.15%
Revenue NY rev (1m)0.22%
Revenue NY rev (3m)4.99%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 33.06 | ||
| Fwd PE | 10.89 | ||
| P/S | 0.07 | ||
| P/FCF | 1.64 | ||
| P/OCF | 1.26 | ||
| P/B | 2.56 | ||
| P/tB | N/A | ||
| EV/EBITDA | 4.93 |
EPS(TTM)0.53
EY3.03%
EPS(NY)1.61
Fwd EY9.18%
FCF(TTM)10.68
FCFY60.93%
OCF(TTM)13.88
OCFY79.21%
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
WACC7.59%
ROIC/WACC0.67
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 33.06 and the Price/Book (PB) ratio is 2.56.
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.