Teekay LNG Partners LP

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TGP : NYSE : Services
$18.65 | %
Today's Range: 18.45 - 19.15
Avg. Daily Volume: 461900.0
02/17/17 - 4:03 PM ET

Financial Analysis


TEEKAY LNG PARTNERS LP's gross profit margin for the third quarter of its fiscal year 2016 is essentially unchanged when compared to the same period a year ago. The company has grown its sales and net income during the past quarter when compared with the same quarter a year ago, and although its growth in net income has outpaced the industry average, its revenue growth has not. TEEKAY LNG PARTNERS LP has weak liquidity. Currently, the Quick Ratio is 0.77 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 remained virtually unchanged only increasing by 1.62% 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 ($mil)100.6698.42
EBITDA ($mil)74.6868.18
EBIT ($mil)50.6345.71
Net Income ($mil)50.117.5


Balance Sheet Q3 FY16 Q3 FY15
Cash & Equiv. ($mil)273.69163.87
Total Assets ($mil)4326.54045.69
Total Debt ($mil)2363.152055.09
Equity ($mil)1531.551507.07


Profitability Q3 FY16 Q3 FY15
Gross Profit Margin77.7475.05
EBITDA Margin74.1869.27
Operating Margin50.346.44
Sales Turnover0.090.1
Return on Assets2.963.99
Return on Equity8.3710.72
Debt Q3 FY16 Q3 FY15
Current Ratio0.810.56
Debt/Capital0.610.58
Interest Expense15.6411.18
Interest Coverage3.244.09


Share Data Q3 FY16 Q3 FY15
Shares outstanding (mil)79.5779.51
Div / share0.140.7
EPS0.620.0
Book value / share19.2518.95
Institutional Own % n/a n/a
Avg Daily Volume459074.0388579.0

Valuation


HOLD. TEEKAY LNG PARTNERS LP's P/E ratio indicates a significant discount compared to an average of 146.60 for the Oil, Gas & Consumable Fuels industry and a significant discount compared to the S&P 500 average of 26.35. For additional comparison, its price-to-book ratio of 0.99 indicates a significant discount versus the S&P 500 average of 2.94 and a significant discount versus the industry average of 32.24. The price-to-sales ratio is well above both the S&P 500 average and the industry average, indicating a premium. Upon assessment of these and other key valuation criteria, TEEKAY LNG 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
TGP 12.06 Peers 146.60   TGP 8.13 Peers 12.63

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

TGP 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.

TGP 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
TGP 9.62 Peers 35.50   TGP NM Peers 2.02

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

TGP 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.

TGP'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
TGP 0.99 Peers 32.24   TGP -3.66 Peers -20.00

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.

TGP 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.

TGP 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
TGP 3.80 Peers 2.73   TGP 1.42 Peers -12.86

Premium. 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.

TGP is trading at a significant premium to its industry.

 

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

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

 

 

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