Cheniere Energy Partners LP

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CQP : AMEX : Basic Materials
$28.66 -0.31 | -1.07%
Today's Range: 28.14 - 28.98
Avg. Daily Volume: 319,700
09/27/16 - 4:02 PM ET

Financial Analysis


CHENIERE ENERGY PARTNERS LP's gross profit margin for the second 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 0.25 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, indicating deteriorating cash flow.

At the same time, stockholders' equity ("net worth") has significantly decreased by 42.02% 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 Q2 FY16 Q2 FY15
Net Sales ($mil)151.1767.69
EBITDA ($mil)40.7811.67
EBIT ($mil)12.59-4.32
Net Income ($mil)-100.13-60.04


Balance Sheet Q2 FY16 Q2 FY15
Cash & Equiv. ($mil)462.77569.42
Total Assets ($mil)14258.8512308.54
Total Debt ($mil)13205.7810993.12
Equity ($mil)488.42842.53


Profitability Q2 FY16 Q2 FY15
Gross Profit Margin43.6675.05
EBITDA Margin26.9717.24
Operating Margin8.33-6.38
Sales Turnover0.020.02
Return on Assets-1.78-2.86
Return on Equity-52.25-41.87
Debt Q2 FY16 Q2 FY15
Current Ratio0.31.53
Debt/Capital0.960.93
Interest Expense204.69174.85
Interest Coverage0.06-0.02


Share Data Q2 FY16 Q2 FY15
Shares outstanding (mil)337.8337.8
Div / share0.430.43
EPS-1.75-0.18
Book value / share1.452.49
Institutional Own % n/a n/a
Avg Daily Volume319664.0203592.0

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. For additional comparison, its price-to-book ratio of 20.46 indicates a significant premium versus the S&P 500 average of 2.82 and a significant premium versus the industry average of 15.56. 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 80.60   CQP 669.23 Peers 10.97

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 16.43 Peers 49.84   CQP NA Peers 3.87

Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations.

CQP 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.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
CQP 20.46 Peers 15.56   CQP -213.33 Peers -227.20

Premium. A higher price-to-book ratio makes a stock less attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.

CQP is trading at a significant premium to 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 28.30 Peers 2.58   CQP 31.05 Peers -26.14

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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