Teekay LNG Partners LP

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TGP : NYSE : Services
$17.15 -0.35 | -2.0%
Today's Range: 17.1 - 17.9
Avg. Daily Volume: 376800.0
08/16/17 - 3:59 PM ET

Financial Analysis


TEEKAY LNG PARTNERS LP's gross profit margin for the second quarter of its fiscal year 2017 is essentially unchanged when compared to the same period a year ago. Even though sales increased, the net income has decreased, representing a decrease to the bottom line. TEEKAY LNG PARTNERS LP has weak liquidity. Currently, the Quick Ratio is 0.53 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 increased by 15.73% 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 Q2 FY17 Q2 FY16
Net Sales ($mil)100.999.24
EBITDA ($mil)69.2770.42
EBIT ($mil)42.4747.55
Net Income ($mil)-16.0743.07


Balance Sheet Q2 FY17 Q2 FY16
Cash & Equiv. ($mil)197.01133.59
Total Assets ($mil)4562.954077.11
Total Debt ($mil)2493.852119.53
Equity ($mil)1723.991489.58


Profitability Q2 FY17 Q2 FY16
Gross Profit Margin73.2476.87
EBITDA Margin68.6470.96
Operating Margin42.0947.92
Sales Turnover0.090.1
Return on Assets3.232.1
Return on Equity8.075.75
Debt Q2 FY17 Q2 FY16
Current Ratio0.590.41
Debt/Capital0.590.59
Interest Expense20.5313.27
Interest Coverage2.073.58


Share Data Q2 FY17 Q2 FY16
Shares outstanding (mil)79.6379.57
Div / share0.140.14
EPS-0.240.53
Book value / share21.6518.72
Institutional Own % n/a n/a
Avg Daily Volume368736.0306985.0

Valuation


HOLD. TEEKAY LNG PARTNERS LP's P/E ratio indicates a significant discount compared to an average of 64.34 for the Oil, Gas & Consumable Fuels industry and a significant discount compared to the S&P 500 average of 24.31. For additional comparison, its price-to-book ratio of 0.82 indicates a significant discount versus the S&P 500 average of 3.03 and a significant discount versus the industry average of 541.69. 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 10.41 Peers 64.34   TGP 8.38 Peers 15.89

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 8.94 Peers 34.73   TGP 5.03 Peers 0.55

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.

 

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.

TGP 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
TGP 0.82 Peers 541.69   TGP 77.08 Peers 154.68

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.

 

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

However, TGP is expected to significantly trail its peers on the basis of its earnings growth rate.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
TGP 3.49 Peers 2.03   TGP 1.62 Peers 19.70

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.

 

Lower. A sales growth rate that trails the industry implies that a company is losing market share.

TGP significantly trails its peers on the basis of sales growth

 

 

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