EV Energy Partners LP

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EVEP : NASDAQ : Basic Materials
$2.51 | %
Today's Range: 2.46 - 2.59
Avg. Daily Volume: 476,400
07/22/16 - 4:00 PM ET

Financial Analysis


EV ENERGY PARTNERS LP's gross profit margin for the first quarter of its fiscal year 2016 has significantly increased when compared to the same period a year ago. Even though sales decreased, the net income has increased. EV ENERGY PARTNERS LP has very weak liquidity. Currently, the Quick Ratio is 0.47 which clearly 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.

During the same period, stockholders' equity ("net worth") has remained virtually unchanged only decreasing by 1.71% 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 Q1 FY16 Q1 FY15
Net Sales ($mil)38.2547.24
EBITDA ($mil)-1.87-49.61
EBIT ($mil)-32.11-76.7
Net Income ($mil)-29.0-61.67


Balance Sheet Q1 FY16 Q1 FY15
Cash & Equiv. ($mil)3.8710.27
Total Assets ($mil)1863.382182.28
Total Debt ($mil)665.791040.42
Equity ($mil)967.29984.22


Profitability Q1 FY16 Q1 FY15
Gross Profit Margin17.36-77.85
EBITDA Margin-4.88-105.0
Operating Margin-83.95-162.36
Sales Turnover0.090.13
Return on Assets2.893.4
Return on Equity-20.3-3.71
Debt Q1 FY16 Q1 FY15
Current Ratio1.599.04
Debt/Capital0.410.51
Interest Expense10.8214.14
Interest Coverage-2.97-5.43


Share Data Q1 FY16 Q1 FY15
Shares outstanding (mil)49.0648.87
Div / share0.080.5
EPS-0.58-1.35
Book value / share19.7220.14
Institutional Own % n/a n/a
Avg Daily Volume536348.0572702.0

Valuation


SELL. This stock’s P/E ratio is negative, making its value useless in the assessment of premium or discount valuation, only displaying that the company has negative earnings per share. For additional comparison, its price-to-book ratio of 0.13 indicates a significant discount versus the S&P 500 average of 2.80 and a significant discount versus the industry average of 11.34. The price-to-sales ratio is well below both the S&P 500 average and the industry average, indicating a discount. After reviewing these and other key valuation criteria, EV ENERGY PARTNERS 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
EVEP NM Peers 71.04   EVEP 1.14 Peers 289.35

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.

EVEP's P/E is negative making this valuation measure meaningless.

 

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.

EVEP 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
EVEP NM Peers 35.15   EVEP NA Peers 2.07

Neutral. The absence of a valid price-to-projected earnings ratio happens when a stock can not be valued on the basis of a negative expected future earnings.

EVEP's ratio is negative making this valuation measure meaningless.

 

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
EVEP 0.13 Peers 11.34   EVEP -406.41 Peers -192.85

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.

EVEP 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, EVEP 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
EVEP 0.74 Peers 2.47   EVEP -42.00 Peers -25.98

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.

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

 

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

EVEP significantly trails its peers on the basis of sales growth

 

 

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