Western Gas Partners LPFind Ratings Reports
WESTERN GAS PARTNERS LP's gross profit margin for the fourth quarter of its fiscal year 2017 has decreased when compared to the same period a year ago. The company has grown sales and net income during the past quarter when compared with the same quarter a year ago, however, it was unable to keep up with the growth of the average competitor within its industry. WESTERN GAS PARTNERS LP has weak liquidity. Currently, the Quick Ratio is 0.57 which shows a lack of ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year, indicating deteriorating cash flow.
During the same period, stockholders' equity ("net worth") has remained virtually unchanged only decreasing by 3.97% 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||Q4 FY17||Q4 FY16|
|Net Sales ($mil)||632.02||510.82|
|Net Income ($mil)||148.64||143.0|
|Balance Sheet||Q4 FY17||Q4 FY16|
|Cash & Equiv. ($mil)||78.81||357.93|
|Total Assets ($mil)||8014.35||7733.03|
|Total Debt ($mil)||3464.71||3132.9|
|Profitability||Q4 FY17||Q4 FY16|
|Gross Profit Margin||40.7||49.85|
|Return on Assets||7.08||7.64|
|Return on Equity||13.43||12.63|
|Debt||Q4 FY17||Q4 FY16|
|Share Data||Q4 FY17||Q4 FY16|
|Shares outstanding (mil)||165.85||143.03|
|Div / share||0.91||0.85|
|Book value / share||23.57||28.46|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||602663.0||567500.0|
HOLD. This stock's P/E ratio indicates a premium compared to an average of 29.52 for the Oil, Gas & Consumable Fuels industry and a significant premium compared to the S&P 500 average of 24.51. To use another comparison, its price-to-book ratio of 1.97 indicates a discount versus the S&P 500 average of 3.18 and a significant discount versus the industry average of 21.22. The price-to-sales ratio is well above both the S&P 500 average and the industry average, indicating a premium. The valuation analysis reveals that, WESTERN GAS PARTNERS LP seems to be trading at a premium to investment alternatives within the industry.
|WES 36.50||Peers 29.52||WES 8.53||Peers 9.06|
Premium. A higher P/E ratio than its peers can signify a more expensive stock or higher growth expectations.
WES is trading at a premium to its peers.
Average. 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.
WES is trading at a valuation on par to its peers.
|WES 15.98||Peers 20.22||WES 0.47||Peers 2.75|
Average. An average price-to-projected earnings ratio can signify an industry neutral stock price and average future growth expectations.
WES is trading at a valuation on par with 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.
WES trades at a significant discount to its peers.
|WES 1.97||Peers 21.22||WES -27.43||Peers 585.92|
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.
WES 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, WES is expected to significantly trail its peers on the basis of its earnings growth rate.
|WES 3.42||Peers 2.37||WES 24.61||Peers 32.54|
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.
WES 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.
WES trails its peers on the basis of sales growth