Enbridge Energy Partners LP

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EEP : NYSE : Industrial Services
$13.03 up 0.11 | 0.85%
Today's Range: 12.91 - 13.0805
Avg. Daily Volume: 1708100.0
02/22/18 - 10:26 AM ET

Financial Analysis


ENBRIDGE ENERGY PRTNRS -LP's gross profit margin for the third quarter of its fiscal year 2017 is essentially unchanged when compared to the same period a year ago. Even though sales decreased, the net income has increased. ENBRIDGE ENERGY PRTNRS -LP has very weak liquidity. Currently, the Quick Ratio is 0.28 which clearly shows a lack of ability to cover short-term cash needs. The company's liquidity has increased from the same period last year.

At the same time, stockholders' equity ("net worth") has significantly decreased by 57.33% 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 FY17 Q3 FY16
Net Sales ($mil)616.4634.6
EBITDA ($mil)372.5419.3
EBIT ($mil)260.7309.9
Net Income ($mil)93.1-382.7


Balance Sheet Q3 FY17 Q3 FY16
Cash & Equiv. ($mil)28.356.4
Total Assets ($mil)14738.218100.0
Total Debt ($mil)7234.98508.4
Equity ($mil)1696.33975.7


Profitability Q3 FY17 Q3 FY16
Gross Profit Margin87.0188.29
EBITDA Margin60.4366.07
Operating Margin42.2948.83
Sales Turnover0.210.17
Return on Assets2.66-0.78
Return on Equity22.89-2.8
Debt Q3 FY17 Q3 FY16
Current Ratio0.310.3
Debt/Capital0.810.68
Interest Expense104.1103.4
Interest Coverage2.53.0


Share Data Q3 FY17 Q3 FY16
Shares outstanding (mil)421.91350.03
Div / share0.350.58
EPS0.19-1.25
Book value / share4.0211.36
Institutional Own % n/a n/a
Avg Daily Volume1810604.01338041.0

Valuation


HOLD. The current P/E ratio indicates a significant discount compared to an average of 274.94 for the Oil, Gas & Consumable Fuels industry and a discount compared to the S&P 500 average of 25.51. To use another comparison, its price-to-book ratio of 3.32 indicates valuation on par with the S&P 500 average of 3.26 and a significant discount versus the industry average of 5.16. The price-to-sales ratio is below both the S&P 500 average and the industry average, indicating a discount. Upon assessment of these and other key valuation criteria, ENBRIDGE ENERGY PRTNRS -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
EEP 18.26 Peers 274.94   EEP 6.42 Peers 8.95

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

EEP 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.

EEP is trading at a significant discount to its peers.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
EEP 17.66 Peers 46.08   EEP NM Peers 0.60

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

EEP 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.

EEP's negative PEG ratio makes this valuation measure meaningless.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
EEP 3.32 Peers 5.16   EEP 165.76 Peers 488.23

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.

EEP 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, EEP 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
EEP 1.83 Peers 2.06   EEP 1.52 Peers 30.08

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.

EEP is trading at a discount to its industry on this measurement.

 

Lower. A sales growth rate that trails the industry implies that a company is losing market share.

EEP significantly trails its peers on the basis of sales growth

 

 

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