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Cheniere Energy Partners LP
CQP : AMEX : Basic Materials

$27.93 -0.02 | -0.07%
Today's Range: 27.72 - 28.02
Avg. Daily Volume: 263,000
06/17/13 - 4:00 PM ET

Financial Analysis


CHENIERE ENERGY PARTNERS LP's gross profit margin for the first quarter of its fiscal year 2013 has decreased when compared to the same period a year ago. Sales and net income have dropped, however the growth has outpaced the average competitor within the industry. CHENIERE ENERGY PARTNERS LP is extremely liquid. Currently, the Quick Ratio is 2.50 which clearly shows the ability to cover any short-term cash needs. The company's liquidity has increased from the same period last year, indicating improving cash flow.

At the same time, stockholders' equity ("net worth") has greatly increased by 395.14% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is very unlikely to face financial difficulties in the near future.



Income Statement Q1 FY13 Q1 FY12
Net Sales ($mil)66.0769.32
EBITDA ($mil)25.5735.52
EBIT ($mil)14.9224.89
Net Income ($mil)-42.49-19.33


Balance Sheet Q1 FY13 Q1 FY12
Cash & Equiv. ($mil)709.71114.37
Total Assets ($mil)5709.531762.34
Total Debt ($mil)3668.292193.59
Equity ($mil)1696.75-574.89


Profitability Q1 FY13 Q1 FY12
Gross Profit Margin78.5386.86
EBITDA Margin38.6951.23
Operating Margin22.5735.91
Sales Turnover0.050.16
Return on Assets-3.03-2.73
Return on Equity-10.210.0
Debt Q1 FY13 Q1 FY12
Current Ratio2.581.3
Debt/Capital0.681.36
Interest Expense40.2643.46
Interest Coverage0.370.57


Share Data Q1 FY13 Q1 FY12
Shares outstanding (mil)325.8166.51
Div / share0.430.43
EPS-0.14-0.12
Book value / share5.21-3.45
Institutional Own % n/a n/a
Avg Daily Volume266197.0319697.0

Valuation


HOLD. The current P/E ratio is negative, which has no meaningful value in the assessment of premium or discount valuation, it simply displays that the company has negative earnings. Conducting a second comparison, its price-to-book ratio of 5.45 indicates a significant premium versus the S&P 500 average of 2.42 and a premium versus the industry average of 4.15. The price-to-sales ratio is well above both the S&P 500 average and the industry average, indicating a premium. Upon assessment of these and other key valuation criteria, CHENIERE ENERGY PARTNERS LP seems to be trading at a premium to investment alternatives within the industry.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
CQP NM Peers 22.89   CQP NM Peers 8.94

Neutral. The absence of a valid P/E ratio happens when a stock can not be valued on the basis of a negative stream of earnings.

CQP's P/E is negative making this valuation measure meaningless.

 

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.

CQP's P/CF is negative making the measure meaningless.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
CQP 710.00 Peers 20.84   CQP NA Peers 1.03

Neutral. The absence of a valid price-to-projected earnings ratio happens when a stock can not be valued on the basis of a negative expected future earnings.

CQP's ratio is negative making this valuation measure meaningless.

 

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.

Ratio not available.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
CQP 5.45 Peers 4.15   CQP -141.37 Peers -26.24

Premium. A higher price-to-book ratio makes a stock less attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.

CQP is trading at a significant premium to its peers.

 

Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.

However, CQP is expected to significantly trail its peers on the basis of its earnings growth rate.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
CQP 35.44 Peers 2.08   CQP -6.32 Peers 7.35

Premium. 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.

CQP is trading at a significant premium to its industry.

 

Lower. A sales growth rate that trails the industry implies that a company is losing market share.

CQP significantly trails its peers on the basis of sales growth

 

 

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