PLAINS GP HOLDINGS LP-CL A (PAGP) Stock Fundamental Analysis
USA - NASDAQ:PAGP - US72651A2078
18.6 USD
-0.1 (-0.53%)
18.3077 USD
-0.29 (-1.57%)
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 valued correctly, but it does not seem to be growing. Finally PAGP also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year PAGP was profitable.
In the past year PAGP had a positive cash flow from operations.
PAGP had positive earnings in 4 of the past 5 years.
In the past 5 years PAGP always reported a positive cash flow from operatings.
1.2 Ratios
PAGP has a Return On Assets of 0.48%. This is in the lower half of the industry: PAGP underperforms 64.29% of its industry peers.
With a decent Return On Equity value of 10.04%, PAGP is doing good in the industry, outperforming 60.48% of the companies in the same industry.
PAGP has a Return On Invested Capital of 5.07%. This is comparable to the rest of the industry: PAGP outperforms 42.86% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for PAGP is significantly below the industry average of 21.90%.
| 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 66.67% 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 70.48% of the companies in the same industry.
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 70.95% of its industry peers.
PAGP's Gross Margin has declined in the last couple of years.
| 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.
Compared to 1 year ago, PAGP has more shares outstanding
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
The Debt to FCF ratio of PAGP is 4.11, which is a neutral value as it means it would take PAGP, 4.11 years of fcf income to pay off all of its debts.
PAGP's Debt to FCF ratio of 4.11 is fine compared to the rest of the industry. PAGP outperforms 70.95% 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.
The Debt to Equity ratio of PAGP (6.06) is worse 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
WACC7.73%
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.
With a Quick ratio value of 0.97, PAGP perfoms like the industry average, outperforming 52.38% 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 -16.87%.
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 decrease in Revenue. The Revenue has decreased by -3.82% 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)-16.87%
EPS 3Y18.32%
EPS 5Y-23.92%
EPS Q2Q%-25%
Revenue 1Y (TTM)-3.82%
Revenue growth 3Y5.97%
Revenue growth 5Y8.26%
Sales Q2Q%-17.71%
3.2 Future
The Earnings Per Share is expected to grow by 28.21% on average over the next years. This is a very strong growth
PAGP is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -5.80% yearly.
EPS Next Y182.67%
EPS Next 2Y70.56%
EPS Next 3Y45.59%
EPS Next 5Y28.21%
Revenue Next Year-14.21%
Revenue Next 2Y0.03%
Revenue Next 3Y0.17%
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.
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
The Price/Earnings ratio is 26.96, which means the current valuation is very expensive for PAGP.
Compared to the rest of the industry, the Price/Earnings ratio of PAGP is on the same level as its industry peers.
When comparing the Price/Earnings ratio of PAGP to the average of the S&P500 Index (27.27), we can say PAGP is valued inline with the index average.
Based on the Price/Forward Earnings ratio of 12.06, the valuation of PAGP can be described as correct.
The rest of the industry has a similar Price/Forward Earnings ratio as PAGP.
PAGP is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.77, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.96 | ||
| Fwd PE | 12.06 |
4.2 Price Multiples
PAGP's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. PAGP is cheaper than 76.19% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, PAGP is valued cheaper than 99.52% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 1.74 | ||
| EV/EBITDA | 5.02 |
4.3 Compensation for Growth
PAGP's 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 45.59% in the coming years.
PEG (NY)0.15
PEG (5Y)N/A
EPS Next 2Y70.56%
EPS Next 3Y45.59%
5. Dividend
5.1 Amount
PAGP has a Yearly Dividend Yield of 8.15%, which is a nice return.
PAGP's Dividend Yield is rather good when compared to the industry average which is at 6.15. PAGP pays more dividend than 83.81% of the companies in the same industry.
PAGP's Dividend Yield is rather good when compared to the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.15% |
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
202.94% of the earnings are spent on dividend by PAGP. 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 2Y70.56%
EPS Next 3Y45.59%
18.6
-0.1 (-0.53%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners83.82%
Inst Owner Change-9.53%
Ins Owners2.67%
Ins Owner Change-0.02%
Market Cap3.68B
Analysts73.68
Price Target21.57 (15.97%)
Short Float %3.88%
Short Ratio5.18
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.15% |
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)-0.78%
PT rev (3m)0.31%
EPS NQ rev (1m)6.69%
EPS NQ rev (3m)4.35%
EPS NY rev (1m)-3.04%
EPS NY rev (3m)-11.36%
Revenue NQ rev (1m)-4.75%
Revenue NQ rev (3m)-6.31%
Revenue NY rev (1m)2.59%
Revenue NY rev (3m)3.9%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.96 | ||
| Fwd PE | 12.06 | ||
| P/S | 0.08 | ||
| P/FCF | 1.74 | ||
| P/OCF | 1.34 | ||
| P/B | 2.72 | ||
| P/tB | N/A | ||
| EV/EBITDA | 5.02 |
EPS(TTM)0.69
EY3.71%
EPS(NY)1.54
Fwd EY8.29%
FCF(TTM)10.68
FCFY57.4%
OCF(TTM)13.88
OCFY74.61%
SpS241.72
BVpS6.85
TBVpS-1.43
PEG (NY)0.15
PEG (5Y)N/A
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%
ROICexcg growth 3Y-2%
ROICexcg 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
WACC7.73%
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)-16.87%
EPS 3Y18.32%
EPS 5Y-23.92%
EPS Q2Q%-25%
EPS Next Y182.67%
EPS Next 2Y70.56%
EPS Next 3Y45.59%
EPS Next 5Y28.21%
Revenue 1Y (TTM)-3.82%
Revenue growth 3Y5.97%
Revenue growth 5Y8.26%
Sales Q2Q%-17.71%
Revenue Next Year-14.21%
Revenue Next 2Y0.03%
Revenue Next 3Y0.17%
Revenue Next 5Y-5.8%
EBIT growth 1Y-0.36%
EBIT growth 3Y-2.81%
EBIT growth 5Y-7.75%
EBIT Next Year70.96%
EBIT Next 3Y18.54%
EBIT Next 5Y8.7%
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%