ONEOK Partners LP

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OKS : NYSE : Basic Materials
$52.96 up 0.32 | 0.61%
Today's Range: 52.49 - 52.66
Avg. Daily Volume: 1322300.0
04/25/17 - 9:46 AM ET

Financial Analysis


ONEOK PARTNERS -LP's gross profit margin for the fourth quarter of its fiscal year 2016 has decreased when compared to the same period a year ago. The company has grown sales and net income significantly, outpacing the average growth rates of competitors within its industry. ONEOK PARTNERS -LP has very weak liquidity. Currently, the Quick Ratio is 0.31 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.

During the same period, stockholders' equity ("net worth") has remained virtually unchanged only decreasing by 4.94% 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 Q4 FY16 Q4 FY15
Net Sales ($mil)2653.531930.38
EBITDA ($mil)434.02411.78
EBIT ($mil)335.49319.15
Net Income ($mil)277.477.22


Balance Sheet Q4 FY16 Q4 FY15
Cash & Equiv. ($mil)0.415.08
Total Assets ($mil)15469.3514927.59
Total Debt ($mil)7809.237349.3
Equity ($mil)6019.746333.22


Profitability Q4 FY16 Q4 FY15
Gross Profit Margin16.3621.33
EBITDA Margin16.3521.33
Operating Margin12.6416.53
Sales Turnover0.580.52
Return on Assets6.893.94
Return on Equity17.729.3
Debt Q4 FY16 Q4 FY15
Current Ratio0.420.56
Debt/Capital0.560.54
Interest Expense89.7895.61
Interest Coverage3.743.34


Share Data Q4 FY16 Q4 FY15
Shares outstanding (mil)285.83285.83
Div / share0.790.79
EPS0.6-0.33
Book value / share21.0622.16
Institutional Own % n/a n/a
Avg Daily Volume1320372.0616348.0

Valuation


BUY. The current P/E ratio indicates a significant discount compared to an average of 145.46 for the Oil, Gas & Consumable Fuels industry and a value on par with the S&P 500 average of 24.92. To use another comparison, its price-to-book ratio of 2.50 indicates a discount versus the S&P 500 average of 2.99 and a significant discount versus the industry average of 38.31. The price-to-sales ratio is below the S&P 500 average and is well below 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 23.41 Peers 145.46   OKS 10.13 Peers 11.69

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

OKS 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.

OKS is trading at a 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 18.81 Peers 26.05   OKS 1.95 Peers 0.64

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 discount to its peers.

 

Premium. 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 premium to its peers.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
OKS 2.50 Peers 38.31   OKS 192.20 Peers 41.17

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 1.69 Peers 2.53   OKS 14.91 Peers -9.44

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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