Alliance Resource Partners L.P.
Find Ratings ReportsALLIANCE RESOURCE PTNRS -LP's gross profit margin for the fourth quarter of its fiscal year 2023 has significantly 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 subsector. ALLIANCE RESOURCE PTNRS -LP has strong liquidity. Currently, the Quick Ratio is 1.55 which shows the ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year, indicating deteriorating cash flow.
During the same period, stockholders' equity ("net worth") has increased by 13.59% from the same quarter last year. The key liquidity measurements indicate that the company is unlikely to face financial difficulties in the near future.
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Income Statement | Q4 FY23 | Q4 FY22 |
---|---|---|
Net Sales ($mil) | 625.42 | 704.21 |
EBITDA ($mil) | 184.1 | 287.17 |
EBIT ($mil) | 115.7 | 213.0 |
Net Income ($mil) | 115.44 | 216.88 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 59.81 | 296.02 |
Total Assets ($mil) | 2788.43 | 2661.47 |
Total Debt ($mil) | 350.82 | 434.31 |
Equity ($mil) | 1834.5 | 1614.97 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 32.28 | 43.33 |
EBITDA Margin | 29.43 | 40.77 |
Operating Margin | 18.5 | 30.25 |
Sales Turnover | 0.92 | 0.91 |
Return on Assets | 22.59 | 22.02 |
Return on Equity | 34.35 | 36.3 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 2.27 | 2.56 |
Debt/Capital | 0.16 | 0.21 |
Interest Expense | 8.52 | 9.44 |
Interest Coverage | 13.58 | 22.55 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 127.13 | 127.2 |
Div / share | 0.7 | 0.5 |
EPS | 0.88 | 1.63 |
Book value / share | 14.43 | 12.7 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 502636.0 | 444910.0 |
BUY. ALLIANCE RESOURCE PTNRS -LP's P/E ratio indicates a significant discount compared to an average of 21.33 for the Mining (except Oil and Gas) subsector and a significant discount compared to the S&P 500 average of 27.95. For additional comparison, its price-to-book ratio of 1.36 indicates a significant discount versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 3.13. The price-to-sales ratio is well below both the S&P 500 average and the subsector average, indicating a discount. Upon assessment of these and other key valuation criteria, ALLIANCE RESOURCE PTNRS -LP proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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ARLP 4.09 | Peers 21.33 | ARLP 3.01 | Peers 11.36 | |||||||||||||||||||||
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. ARLP is trading at a significant discount to its peers. |
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. ARLP is trading at a significant discount to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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ARLP 5.02 | Peers 14.45 | ARLP NM | Peers 2.19 | |||||||||||||||||||||
Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations. ARLP is trading at a significant discount 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. ARLP'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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ARLP 1.36 | Peers 3.13 | ARLP 9.56 | Peers -3.47 | |||||||||||||||||||||
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. ARLP is trading at a significant discount to its peers. |
Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. ARLP 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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ARLP 0.97 | Peers 4.47 | ARLP 6.06 | Peers 20.15 | |||||||||||||||||||||
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. ARLP is trading at a significant discount to its subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. ARLP significantly trails its peers on the basis of sales growth. |
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