Cheniere Energy Partners LP
Find Ratings ReportsCHENIERE ENERGY PARTNERS LP's gross profit margin for the fourth quarter of its fiscal year 2023 has decreased when compared to the same period a year ago. Sales and net income fell significantly; although net income growth outperformed the average competitor in its subsector, revenue growth did not. CHENIERE ENERGY PARTNERS LP has weak liquidity. Currently, the Quick Ratio is 0.82 which shows a lack of ability to cover short-term cash needs. The liquidity decreased from the same period a year ago, despite already having weak liquidity to begin with. This would indicate deteriorating cash flow.
At the same time, stockholders' equity ("net worth") has greatly increased by 63.20% 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 | Q4 FY23 | Q4 FY22 |
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Net Sales ($mil) | 2686.0 | 4721.0 |
EBITDA ($mil) | 1273.0 | 2927.0 |
EBIT ($mil) | 1101.0 | 2762.0 |
Net Income ($mil) | 906.0 | 2511.0 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 631.0 | 996.0 |
Total Assets ($mil) | 18102.0 | 19633.0 |
Total Debt ($mil) | 16005.0 | 16310.0 |
Equity ($mil) | -784.0 | -2131.0 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 48.32 | 62.51 |
EBITDA Margin | 47.39 | 61.99 |
Operating Margin | 40.99 | 58.5 |
Sales Turnover | 0.53 | 0.88 |
Return on Assets | 23.5 | 12.72 |
Return on Equity | 0.0 | 0.0 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 1.01 | 1.08 |
Debt/Capital | 1.05 | 1.15 |
Interest Expense | 205.0 | 232.0 |
Interest Coverage | 5.37 | 11.91 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 484.0 | 484.0 |
Div / share | 1.03 | 1.07 |
EPS | 1.42 | 4.63 |
Book value / share | -1.62 | -4.4 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 209217.0 | 257403.0 |
BUY. CHENIERE ENERGY PARTNERS LP's P/E ratio indicates a significant discount compared to an average of 23.56 for the Merchant Wholesalers, Nondurable Goods subsector and a significant discount compared to the S&P 500 average of 27.95. Normally, for additional comaprison, we would look at the price-to-book ratio; however, this company's price-to-book ratio is negative making the value useless for comparisons. The price-to-sales ratio is below the S&P 500 average, but well above the subsector average. Upon assessment of these and other key valuation criteria, CHENIERE ENERGY PARTNERS LP proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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CQP 6.88 | Peers 23.56 | CQP 7.45 | Peers 12.26 | |||||||||||||||||||||
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. CQP 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. CQP 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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CQP 11.19 | Peers 14.94 | CQP NM | Peers 1.03 | |||||||||||||||||||||
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. CQP'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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CQP NM | Peers 20.75 | CQP 111.89 | Peers 39.44 | |||||||||||||||||||||
Neutral. 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's P/B is negative making this valuation measure meaningless. |
Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. CQP 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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CQP 2.40 | Peers 0.57 | CQP -43.84 | Peers 2.59 | |||||||||||||||||||||
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 subsector. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. CQP significantly trails its peers on the basis of sales growth. |
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