TEEKAY OFFSHORE PARTNERS LP's gross profit margin for the second quarter of its fiscal year 2014 has increased when compared to the same period a year ago. Even though sales increased, the net income has decreased, representing a decrease to the bottom line. TEEKAY OFFSHORE PARTNERS LP has weak liquidity. Currently, the Quick Ratio is 0.71 which shows a lack of ability to cover short-term cash needs. The company's liquidity has increased from the same period last year.
During the same period, stockholders' equity ("net worth") has decreased by 14.06% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the future.
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|Income Statement||Q2 FY14||Q2 FY13|
|Net Sales ($mil)||241.4||222.41|
|Net Income ($mil)||-5.45||55.33|
|Balance Sheet||Q2 FY14||Q2 FY13|
|Cash & Equiv. ($mil)||251.56||163.74|
|Total Assets ($mil)||3879.47||3710.73|
|Total Debt ($mil)||2543.48||2184.32|
|Profitability||Q2 FY14||Q2 FY13|
|Gross Profit Margin||50.53||44.3|
|Return on Assets||0.44||4.25|
|Return on Equity||0.99||20.13|
|Debt||Q2 FY14||Q2 FY13|
|Share Data||Q2 FY14||Q2 FY13|
|Shares outstanding (mil)||85.68||83.7|
|Div / share||0.54||0.53|
|Book value / share||8.03||9.56|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||141308.0||147048.0|
SELL. 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. To use another comparison, its price-to-book ratio of 4.25 indicates a significant premium versus the S&P 500 average of 2.72 and a significant discount versus the industry average of 14.47. The current price-to-sales ratio is well above the S&P 500 average and above the industry average, indicating a premium. The valuation analysis reveals that, TEEKAY OFFSHORE PARTNERS LP seems to be trading at a premium to investment alternatives within the industry.
|TOO NM||Peers 24.32||TOO 17.62||Peers 20.65|
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.
TOO's P/E is negative making this valuation measure meaningless.
Discount. 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.
TOO is trading at a discount to its peers.
|TOO 20.19||Peers 18.25||TOO NA||Peers 1.73|
Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations.
TOO 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.
Ratio not available.
|TOO 4.25||Peers 14.47||TOO -104.30||Peers 31.27|
Discount. 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.
TOO is trading at a significant discount to its peers.
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.
However, TOO is expected to significantly trail its peers on the basis of its earnings growth rate.
|TOO 2.93||Peers 2.55||TOO 12.73||Peers 10.50|
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.
TOO is trading at a premium to its industry on this measurement.
Higher. A sales growth rate that exceeds the industry implies that a company is gaining market share.
TOO has a sales growth rate that exceeds its peers.
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