Teekay LNG Partners LP

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TGP : NYSE : Services
$10.16 -0.02 | -0.20%
Today's Range: 10.11 - 10.29
Avg. Daily Volume: 345,100
07/29/16 - 12:29 PM ET

Financial Analysis


TEEKAY LNG PARTNERS LP's gross profit margin for the first quarter of its fiscal year 2016 is essentially unchanged when compared to the same period a year ago. Sales and net income have dropped, although the growth in net income underperformed the average competitor within the industry, the revenue growth did 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.

During the same period, stockholders' equity ("net worth") has decreased by 5.34% 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 Q1 FY16 Q1 FY15
Net Sales ($mil)95.7797.33
EBITDA ($mil)68.0368.67
EBIT ($mil)44.4245.1
Net Income ($mil)-37.1463.07


Balance Sheet Q1 FY16 Q1 FY15
Cash & Equiv. ($mil)120.25115.41
Total Assets ($mil)4131.83925.19
Total Debt ($mil)2219.221915.53
Equity ($mil)1461.851544.33


Profitability Q1 FY16 Q1 FY15
Gross Profit Margin76.777.44
EBITDA Margin71.0370.55
Operating Margin46.3846.34
Sales Turnover0.10.1
Return on Assets2.435.86
Return on Equity6.8814.91
Debt Q1 FY16 Q1 FY15
Current Ratio0.840.52
Debt/Capital0.60.55
Interest Expense14.010.1
Interest Coverage3.174.46


Share Data Q1 FY16 Q1 FY15
Shares outstanding (mil)79.5778.54
Div / share0.140.7
EPS-0.460.69
Book value / share18.3719.66
Institutional Own % n/a n/a
Avg Daily Volume361106.0486179.0

Valuation


HOLD. TEEKAY LNG PARTNERS LP's P/E ratio indicates a significant discount compared to an average of 70.76 for the Oil, Gas & Consumable Fuels industry and a significant discount compared to the S&P 500 average of 25.05. For additional comparison, its price-to-book ratio of 0.61 indicates a significant discount versus the S&P 500 average of 2.81 and a significant discount versus the industry average of 11.73. The current price-to-sales ratio is above the S&P 500 average, but below the industry average. 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 10.59 Peers 70.76   TGP 4.73 Peers 306.30

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 5.76 Peers 39.26   TGP NM Peers 2.07

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 0.61 Peers 11.73   TGP -58.76 Peers -202.73

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 2.25 Peers 2.43   TGP -0.59 Peers -25.78

Average. 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 valuation on par with its industry on this measurement.

 

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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