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Stocks Under $10 with 50-100% upside potential - 14 days FREE!
Teekay Offshore Partners LP
TOO : NYSE : Services
$26.41 | %
Today's Range: 26.08 - 26.62
Avg. Daily Volume: 279,800
12/26/14 - 4:02 PM ET

Financial Analysis


TEEKAY OFFSHORE PARTNERS LP's gross profit margin for the third quarter of its fiscal year 2014 has increased when compared to the same period a year ago. Sales and net income have grown, and although the growth in revenues has outpaced the average competitor within the industry, the net income growth has not. TEEKAY OFFSHORE PARTNERS LP has weak liquidity. Currently, the Quick Ratio is 0.62 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 10.01% 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 Q3 FY14 Q3 FY13
Net Sales ($mil)258.44235.56
EBITDA ($mil)117.0691.54
EBIT ($mil)67.339.62
Net Income ($mil)28.52-25.79


Balance Sheet Q3 FY14 Q3 FY13
Cash & Equiv. ($mil)224.57258.9
Total Assets ($mil)3891.253816.0
Total Debt ($mil)2587.642387.55
Equity ($mil)662.85736.64


Profitability Q3 FY14 Q3 FY13
Gross Profit Margin50.7344.21
EBITDA Margin45.2938.85
Operating Margin26.0416.82
Sales Turnover0.260.24
Return on Assets1.843.1
Return on Equity9.1716.53
Debt Q3 FY14 Q3 FY13
Current Ratio0.690.58
Debt/Capital0.80.76
Interest Expense22.9116.79
Interest Coverage2.942.36


Share Data Q3 FY14 Q3 FY13
Shares outstanding (mil)85.6883.7
Div / share0.540.53
EPS0.25-0.36
Book value / share7.748.8
Institutional Own % n/a n/a
Avg Daily Volume244126.0140772.0

Valuation


SELL. TEEKAY OFFSHORE PARTNERS LP's P/E ratio indicates a discount compared to an average of 50.80 for the Oil, Gas & Consumable Fuels industry and a significant premium compared to the S&P 500 average of 19.99. Conducting a second comparison, its price-to-book ratio of 3.08 indicates a premium versus the S&P 500 average of 2.76 and a significant discount versus the industry average of 10.56. The current price-to-sales ratio is above the S&P 500 average, but below the industry average. Upon assessment of these and other key valuation criteria, TEEKAY OFFSHORE PARTNERS LP proves to trade at a discount 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
TOO 45.02 Peers 50.80   TOO 14.44 Peers 12.80

Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations.

TOO is trading at a discount to its peers.

 

Premium. 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 premium to its peers.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
TOO 14.87 Peers 18.83   TOO 3.10 Peers 4.01

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 premium to its peers.

 

Discount. 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.

TOO trades at a discount to its peers.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
TOO 3.08 Peers 10.56   TOO -61.60 Peers 13.55

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.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
TOO 2.00 Peers 2.34   TOO 13.04 Peers 9.91

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.

TOO is trading at a discount 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 significantly exceeds its peers.

 

 

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