Calumet Specialty Products Partners L.P.
Find Ratings ReportsCALUMET SPECIALTY PRODS -LP's gross profit margin for the fourth quarter of its fiscal year 2023 has significantly increased when compared to the same period a year ago. Even though sales decreased, the net income has increased. CALUMET SPECIALTY PRODS -LP has very weak liquidity. Currently, the Quick Ratio is 0.26 which clearly shows a lack of ability to cover short-term cash needs. The company's liquidity has increased from the same period last year, indicating improving cash flow.
During the same period, stockholders' equity ("net worth") has increased by 8.81% from the same quarter last year. The key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the near future.
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Income Statement | Q4 FY23 | Q4 FY22 |
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Net Sales ($mil) | 976.5 | 999.8 |
EBITDA ($mil) | 62.0 | -2.2 |
EBIT ($mil) | 11.8 | -26.2 |
Net Income ($mil) | -48.0 | -70.0 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 7.9 | 35.2 |
Total Assets ($mil) | 2751.3 | 2741.8 |
Total Debt ($mil) | 2190.4 | 1889.3 |
Equity ($mil) | -490.3 | -537.7 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 9.68 | 5.89 |
EBITDA Margin | 6.34 | -0.22 |
Operating Margin | 1.21 | -2.62 |
Sales Turnover | 1.52 | 1.71 |
Return on Assets | 1.74 | -6.02 |
Return on Equity | 0.0 | 0.0 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 0.71 | 0.61 |
Debt/Capital | 1.29 | 1.4 |
Interest Expense | 58.0 | 39.9 |
Interest Coverage | 0.2 | -0.66 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 79.97 | 79.19 |
Div / share | 0.0 | 0.0 |
EPS | -0.59 | -0.86 |
Book value / share | -6.13 | -6.79 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 118952.0 | 126706.0 |
HOLD. CALUMET SPECIALTY PRODS -LP's P/E ratio indicates a significant premium compared to an average of 10.01 for the Petroleum and Coal Products Manufacturing subsector and a discount compared to the S&P 500 average of 27.95. Normally, for additional comaprison, we would look at the price-to-book ratio; however, this company's price-to-book ratio is negative making the value useless for comparisons. The price-to-sales ratio is well below both the S&P 500 average and the subsector average, indicating a discount.
Price/Earnings |
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Price/Cash Flow |
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CLMT 23.75 | Peers 10.01 | CLMT NM | Peers 5.47 | |||||||||||||||||||||
Premium. A higher P/E ratio than its peers can signify a more expensive stock or higher growth expectations. CLMT is trading at a significant premium to its peers. |
Neutral. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. CLMT's P/CF is negative making the measure meaningless. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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CLMT 16.76 | Peers 8.27 | CLMT NM | Peers 0.43 | |||||||||||||||||||||
Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations. CLMT is trading at a significant premium to its peers. |
Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. CLMT's negative PEG ratio makes this valuation measure meaningless. |
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Price/Book |
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Earnings Growth |
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CLMT NM | Peers 1.64 | CLMT 129.41 | Peers 15.45 | |||||||||||||||||||||
Neutral. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. CLMT's P/B is negative making this valuation measure meaningless. |
Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. CLMT is expected to have an earnings growth rate that significantly exceeds its peers. |
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Price/Sales |
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Sales Growth |
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CLMT 0.27 | Peers 0.92 | CLMT -10.80 | Peers -15.88 | |||||||||||||||||||||
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. CLMT is trading at a significant discount to its subsector on this measurement. |
Higher. A sales growth rate that exceeds the subsector implies that a company is gaining market share. CLMT has a sales growth rate that significantly exceeds its peers. |
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