ONEOK Partners LP

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OKS : NYSE : Basic Materials
$42.04 0.0 | 0.0%
Today's Range: 41.855 - 42.34
Avg. Daily Volume: 611600.0
12/05/16 - 12:36 PM ET

Financial Analysis


ONEOK PARTNERS -LP's gross profit margin for the third quarter of its fiscal year 2016 has decreased when compared to the same period a year ago. The company managed to grow both sales and net income at a faster pace than the average competitor in its industry this quarter as compared to the same quarter a year ago. ONEOK PARTNERS -LP has very weak liquidity. Currently, the Quick Ratio is 0.32 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, indicating improving cash flow.

During the same period, stockholders' equity ("net worth") has decreased by 9.96% 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 FY16 Q3 FY15
Net Sales ($mil)2357.391898.42
EBITDA ($mil)428.4375.52
EBIT ($mil)330.6288.0
Net Income ($mil)274.31226.96


Balance Sheet Q3 FY16 Q3 FY15
Cash & Equiv. ($mil)5.537.26
Total Assets ($mil)15319.5615031.04
Total Debt ($mil)7842.817090.53
Equity ($mil)5995.046658.2


Profitability Q3 FY16 Q3 FY15
Gross Profit Margin18.1719.78
EBITDA Margin18.1719.78
Operating Margin14.0215.17
Sales Turnover0.530.58
Return on Assets5.195.62
Return on Equity13.2812.69
Debt Q3 FY16 Q3 FY15
Current Ratio0.490.46
Debt/Capital0.570.52
Interest Expense96.3395.52
Interest Coverage3.433.02


Share Data Q3 FY16 Q3 FY15
Shares outstanding (mil)285.83285.83
Div / share0.790.79
EPS0.590.45
Book value / share20.9723.29
Institutional Own % n/a n/a
Avg Daily Volume579283.0612331.0

Valuation


BUY. The current P/E ratio indicates a discount compared to an average of 38.75 for the Oil, Gas & Consumable Fuels industry and a premium compared to the S&P 500 average of 25.16. To use another comparison, its price-to-book ratio of 1.94 indicates a discount versus the S&P 500 average of 2.79 and a significant discount versus the industry average of 20.54. The price-to-sales ratio is well below both the S&P 500 average and the industry average, indicating a discount. Upon assessment of these and other key valuation criteria, ONEOK 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
OKS 30.87 Peers 38.75   OKS 8.80 Peers 12.67

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

OKS is trading at a 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.

OKS 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
OKS 16.37 Peers 44.30   OKS 0.15 Peers 0.47

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

OKS is trading at a significant discount to its peers.

 

Discount. 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.

OKS trades at a significant discount to its peers.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
OKS 1.94 Peers 20.54   OKS -25.43 Peers -239.55

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.

OKS 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.

OKS 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
OKS 1.42 Peers 2.56   OKS -5.53 Peers -20.64

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.

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

 

Higher. A sales growth rate that exceeds the industry implies that a company is gaining market share.

OKS has a sales growth rate that significantly exceeds its peers.

 

 

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