Cheniere Energy Partners LP

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CQP : AMEX : Basic Materials
$28.19 up 0.08 | 0.28%
Today's Range: 27.98 - 28.4569
Avg. Daily Volume: 161700.0
01/13/17 - 4:02 PM ET

Financial Analysis


CHENIERE ENERGY PARTNERS LP's gross profit margin for the third quarter of its fiscal year 2016 has significantly decreased 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. CHENIERE ENERGY PARTNERS LP has very weak liquidity. Currently, the Quick Ratio is 0.30 which clearly shows a lack of ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year.

At the same time, stockholders' equity ("net worth") has significantly decreased by 51.83% 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 Q3 FY16 Q3 FY15
Net Sales ($mil)331.4167.54
EBITDA ($mil)92.4352.61
EBIT ($mil)47.935.92
Net Income ($mil)-81.51-24.13


Balance Sheet Q3 FY16 Q3 FY15
Cash & Equiv. ($mil)581.02561.93
Total Assets ($mil)14942.5912547.33
Total Debt ($mil)13958.4511244.0
Equity ($mil)382.26793.71


Profitability Q3 FY16 Q3 FY15
Gross Profit Margin36.19121.77
EBITDA Margin27.8877.89
Operating Margin14.4553.19
Sales Turnover0.040.02
Return on Assets-2.09-2.65
Return on Equity-81.77-42.04
Debt Q3 FY16 Q3 FY15
Current Ratio0.351.5
Debt/Capital0.970.93
Interest Expense220.17185.17
Interest Coverage0.220.19


Share Data Q3 FY16 Q3 FY15
Shares outstanding (mil)337.81337.8
Div / share0.430.43
EPS-1.43-0.07
Book value / share1.132.35
Institutional Own % n/a n/a
Avg Daily Volume162119.0311765.0

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 24.84 indicates a significant premium versus the S&P 500 average of 2.84 and a premium versus the industry average of 23.93. 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 42.39   CQP 485.74 Peers 13.47

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.

 

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.

CQP is trading at a significant 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
CQP 12.72 Peers 63.03   CQP NA Peers 2.40

Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations.

CQP is trading at a 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.

Ratio not available.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
CQP 24.84 Peers 23.93   CQP -369.69 Peers -244.01

Average. 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.

CQP is trading at a valuation on par with 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 15.39 Peers 2.74   CQP 129.06 Peers -20.21

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.

 

Higher. A sales growth rate that exceeds the industry implies that a company is gaining market share.

CQP has a sales growth rate that significantly exceeds its peers.

 

 

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