18.01 USD
+0.02 (+0.11%)
18.03 USD
+0.02 (+0.11%)
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 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. 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
With a Return On Assets value of 0.48%, PAGP is not doing good in the industry: 66.67% of the companies in the same industry are doing better.
Looking at the Return On Equity, with a value of 10.04%, PAGP is in the better half of the industry, outperforming 62.86% of the companies in the same industry.
With a Return On Invested Capital value of 5.07%, PAGP perfoms like the industry average, outperforming 44.29% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for PAGP is significantly below the industry average of 21.66%.
| 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
With a Profit Margin value of 0.28%, PAGP is not doing good in the industry: 67.14% of the companies in the same industry are doing better.
PAGP's Profit Margin has declined in the last couple of years.
With a Operating Margin value of 2.91%, PAGP is not doing good in the industry: 69.05% of the companies in the same industry are doing better.
PAGP's Operating Margin has declined in the last couple of years.
PAGP has a Gross Margin of 9.40%. This is in the lower half of the industry: PAGP underperforms 70.95% 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
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
The number of shares outstanding for PAGP has been reduced compared to 5 years ago.
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.
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.
Looking at the Debt to Equity ratio, with a value of 6.06, PAGP is doing worse than 89.52% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 6.06 | ||
| Debt/FCF | 4.11 | ||
| Altman-Z | N/A |
ROIC/WACC0.66
WACC7.66%
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.
Looking at the Current ratio, with a value of 1.00, PAGP is in line with its industry, outperforming 45.24% of the companies in the same industry.
A Quick Ratio of 0.97 indicates that PAGP may have some problems paying its short term obligations.
PAGP's Quick ratio of 0.97 is in line compared to the rest of the industry. PAGP outperforms 50.00% of its industry peers.
| 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.
PAGP shows a small growth in Revenue. In the last year, the Revenue has grown by 2.79%.
The Revenue has been growing by 8.26% on average over the past years. This is quite good.
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
PAGP is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 28.07% yearly.
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
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
With a Price/Earnings ratio of 33.98, PAGP can be considered very expensive at the moment.
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.
PAGP is valuated rather expensively when we compare the Price/Earnings ratio to 25.45, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 11.20, the valuation of PAGP can be described as very reasonable.
68.10% of the companies in the same industry are more expensive than PAGP, based on the Price/Forward Earnings ratio.
PAGP is valuated cheaply when we compare the Price/Forward Earnings ratio to 34.46, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 33.98 | ||
| Fwd PE | 11.2 |
4.2 Price Multiples
PAGP's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. PAGP is cheaper than 74.76% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of PAGP indicates a rather cheap valuation: PAGP is cheaper than 99.05% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 1.69 | ||
| EV/EBITDA | 4.96 |
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.
PAGP's earnings are expected to grow with 44.93% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.18
PEG (5Y)N/A
EPS Next 2Y74.2%
EPS Next 3Y44.93%
5. Dividend
5.1 Amount
PAGP has a Yearly Dividend Yield of 8.68%, which is a nice return.
Compared to an average industry Dividend Yield of 5.90, PAGP pays a better dividend. On top of this PAGP pays more dividend than 85.24% of the companies listed in the same industry.
PAGP's Dividend Yield is rather good when compared to the S&P500 average which is at 2.45.
| 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 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 2Y74.2%
EPS Next 3Y44.93%
18.01
+0.02 (+0.11%)
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 Cap3.56B
Revenue(TTM)50.07B
Net Income(TTM)136.00M
Analysts73
Price Target21.19 (17.66%)
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 | 33.98 | ||
| Fwd PE | 11.2 | ||
| P/S | 0.07 | ||
| P/FCF | 1.69 | ||
| P/OCF | 1.3 | ||
| P/B | 2.63 | ||
| P/tB | N/A | ||
| EV/EBITDA | 4.96 |
EPS(TTM)0.53
EY2.94%
EPS(NY)1.61
Fwd EY8.93%
FCF(TTM)10.68
FCFY59.28%
OCF(TTM)13.88
OCFY77.05%
SpS241.72
BVpS6.85
TBVpS-1.43
PEG (NY)0.18
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
WACC7.66%
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 33.98 and the Price/Book (PB) ratio is 2.63.
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.