PLAINS GP HOLDINGS LP-CL A (PAGP) Stock Fundamental Analysis
USA - NASDAQ:PAGP - US72651A2078
16.89 USD
-0.05 (-0.3%)
16.89 USD
0 (0%)
We assign a fundamental rating of 4 out of 10 to PAGP. PAGP was compared to 211 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 has a valuation in line with the averages, but it does not seem to be growing. Finally PAGP also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
PAGP had positive earnings in the past year.
PAGP had a positive operating cash flow in the past year.
Of the past 5 years PAGP 4 years were profitable.
Each year in the past 5 years PAGP had a positive operating cash flow.
1.2 Ratios
The Return On Assets of PAGP (0.48%) is worse than 65.88% of its industry peers.
The Return On Equity of PAGP (10.04%) is better than 61.61% 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 21.53%.
| 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 worse Profit Margin (0.28%) than 66.82% of its industry peers.
PAGP's Profit Margin has declined in the last couple of years.
PAGP has a Operating Margin of 2.91%. This is in the lower half of the industry: PAGP underperforms 69.67% of its industry peers.
In the last couple of years the Operating Margin of PAGP has declined.
Looking at the Gross Margin, with a value of 9.40%, PAGP is doing worse than 70.62% 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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so PAGP is destroying value.
PAGP has more shares outstanding than it did 1 year ago.
PAGP has less shares outstanding than it did 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.
PAGP's Debt to FCF ratio of 4.11 is fine compared to the rest of the industry. PAGP outperforms 70.14% 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.
PAGP has a worse Debt to Equity ratio (6.06) than 90.05% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 6.06 | ||
| Debt/FCF | 4.11 | ||
| Altman-Z | N/A |
ROIC/WACC0.68
WACC7.48%
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 52.13% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1 | ||
| Quick Ratio | 0.97 |
3. Growth
3.1 Past
The earnings per share for PAGP have decreased strongly by -16.87% in the last year.
The earnings per share for PAGP have been decreasing by -23.92% on average. This is quite bad
PAGP shows a decrease in Revenue. In the last year, the revenue decreased by -3.82%.
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
PAGP is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 28.21% yearly.
PAGP is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -5.80% yearly.
EPS Next Y194.24%
EPS Next 2Y74.73%
EPS Next 3Y46.49%
EPS Next 5Y28.21%
Revenue Next Year-12.39%
Revenue Next 2Y-0.66%
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 24.48 indicates a rather expensive valuation of PAGP.
The rest of the industry has a similar Price/Earnings ratio as PAGP.
Compared to an average S&P500 Price/Earnings ratio of 27.40, PAGP is valued at the same level.
PAGP is valuated reasonably with a Price/Forward Earnings ratio of 10.44.
Based on the Price/Forward Earnings ratio, PAGP is valued a bit cheaper than the industry average as 64.93% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 22.94. PAGP is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.48 | ||
| Fwd PE | 10.44 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, PAGP is valued a bit cheaper than the industry average as 75.83% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, PAGP is valued cheaper than 100.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 1.58 | ||
| EV/EBITDA | 4.88 |
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 46.49% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.13
PEG (5Y)N/A
EPS Next 2Y74.73%
EPS Next 3Y46.49%
5. Dividend
5.1 Amount
PAGP has a Yearly Dividend Yield of 8.97%, which is a nice return.
Compared to an average industry Dividend Yield of 6.15, PAGP pays a better dividend. On top of this PAGP pays more dividend than 84.36% 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 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.97% |
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 2Y74.73%
EPS Next 3Y46.49%
16.89
-0.05 (-0.3%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners80.6%
Inst Owner Change0.4%
Ins Owners2.67%
Ins Owner Change-0.02%
Market Cap3.34B
Analysts73
Price Target21.57 (27.71%)
Short Float %4.26%
Short Ratio6.33
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.97% |
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%
PT rev (3m)-0.47%
EPS NQ rev (1m)7.22%
EPS NQ rev (3m)8.68%
EPS NY rev (1m)4.09%
EPS NY rev (3m)0.93%
Revenue NQ rev (1m)0.6%
Revenue NQ rev (3m)-5.75%
Revenue NY rev (1m)2.11%
Revenue NY rev (3m)6.09%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.48 | ||
| Fwd PE | 10.44 | ||
| P/S | 0.07 | ||
| P/FCF | 1.58 | ||
| P/OCF | 1.22 | ||
| P/B | 2.47 | ||
| P/tB | N/A | ||
| EV/EBITDA | 4.88 |
EPS(TTM)0.69
EY4.09%
EPS(NY)1.62
Fwd EY9.58%
FCF(TTM)10.68
FCFY63.21%
OCF(TTM)13.88
OCFY82.16%
SpS241.72
BVpS6.85
TBVpS-1.43
PEG (NY)0.13
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
WACC7.48%
ROIC/WACC0.68
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 Y194.24%
EPS Next 2Y74.73%
EPS Next 3Y46.49%
EPS Next 5Y28.21%
Revenue 1Y (TTM)-3.82%
Revenue growth 3Y5.97%
Revenue growth 5Y8.26%
Sales Q2Q%-17.71%
Revenue Next Year-12.39%
Revenue Next 2Y-0.66%
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 Year70.9%
EBIT Next 3Y17.85%
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%