Memorial Production Partners LP

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MEMP : NASDAQ : Basic Materials
$0.275 up 0.019 | 7.5%
Today's Range: 0.2732 - 0.31
Avg. Daily Volume: 3217300.0
01/18/17 - 9:51 AM ET

Financial Analysis


MEMORIAL PRODUCTION PRTRS LP's gross profit margin for the third 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. MEMORIAL PRODUCTION PRTRS LP has weak liquidity. Currently, the Quick Ratio is 0.57 which 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 28.93% 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 Q3 FY16 Q3 FY15
Net Sales ($mil)74.2288.08
EBITDA ($mil)17.98-350.7
EBIT ($mil)-27.62-405.72
Net Income ($mil)-32.87-192.09


Balance Sheet Q3 FY16 Q3 FY15
Cash & Equiv. ($mil)15.850.53
Total Assets ($mil)2473.742749.38
Total Debt ($mil)1798.91878.26
Equity ($mil)420.53591.74


Profitability Q3 FY16 Q3 FY15
Gross Profit Margin40.67-379.94
EBITDA Margin24.22-398.14
Operating Margin-37.21-460.61
Sales Turnover0.110.15
Return on Assets-5.88-11.26
Return on Equity-34.61-52.35
Debt Q3 FY16 Q3 FY15
Current Ratio2.282.05
Debt/Capital0.810.76
Interest Expense27.2131.26
Interest Coverage-1.02-12.98


Share Data Q3 FY16 Q3 FY15
Shares outstanding (mil)83.8482.93
Div / share0.030.55
EPS-0.39-2.31
Book value / share5.027.14
Institutional Own % n/a n/a
Avg Daily Volume3038992.0414489.0

Valuation


SELL. 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 0.05 indicates a significant discount versus the S&P 500 average of 2.84 and a significant discount versus the industry average of 23.93. 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, MEMORIAL PRODUCTION PRTRS 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
MEMP NM Peers 42.39   MEMP 0.09 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.

MEMP'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.

MEMP 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
MEMP NM Peers 63.03   MEMP NA Peers 2.40

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.

MEMP'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
MEMP 0.05 Peers 23.93   MEMP 52.58 Peers -244.01

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.

MEMP is trading at a significant discount to its peers.

 

Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.

MEMP is expected to have an earnings growth rate that significantly exceeds its peers.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
MEMP 0.07 Peers 2.74   MEMP -32.43 Peers -20.21

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.

MEMP 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.

MEMP significantly trails its peers on the basis of sales growth

 

 

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