GLOP Stock Fair Value Calculation – GasLog Partners LP Beats Expectations with Record Revenue and EPS
April 28, 2023
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GASLOG ($NYSE:GLOP): The Non-GAAP EPS of $0.62 beat estimates by $0.16, while the revenue of $99.07M exceeded expectations by $10.31M. Through its subsidiaries, it owns and operates vessels that transport LNG, offering customers an integrated transportation service. The company also offers management services related to LNG carrier operations, as well as technical and commercial services related to LNG carriers, including third-party vessel management services.
Share Price
The stock opened at $8.5 and closed at the same price, up by 0.1% from the prior closing price. This was driven by a lower cost structure and higher charter rates for GLOP’s fleet. The improved performance of GLOP was mainly due to its strategic initiatives such as expanding its fleet and entering into long-term charters, which helped it to increase its revenues and profitability. The company also focused on cost reduction initiatives and took measures to reduce operating expenses and optimize fleet utilization rate.
This enabled GLOP to achieve record results despite the challenging market conditions. Overall, GASLOG PARTNERS LP’s performance was impressive and managed to beat expectations on Thursday. The stock opened and closed at the same price, however, there is potential for it to increase further in the near future given its ability to generate record revenue and EPS. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for GLOP. More…
| Total Revenues | Net Income | Net Margin |
| 371.03 | 90.82 | 35.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for GLOP. More…
| Operations | Investing | Financing |
| 277.74 | 76.41 | -302.25 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for GLOP. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.02k | 1.05k | 17.65 |
Key Ratios Snapshot
Some of the financial key ratios for GLOP are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -0.7% | 0.2% | 43.5% |
| FCF Margin | ROE | ROA |
| 74.2% | 10.6% | 5.0% |
Analysis – GLOP Stock Fair Value Calculation
At GoodWhale, we have performed an analysis of GASLOG PARTNERS LP’s financials and have determined that the fair value of its share is around $5.1. This calculation was made using our proprietary Valuation Line tool. Unfortunately, the stock is currently being traded at $8.5, which is 67.3% above its fair value. This indicates that GASLOG PARTNERS LP is currently overvalued in the market. More…
Peers
The competition among GasLog Partners LP and its competitors is fierce. Teekay Corp, ONEOK Inc, and Shell Midstream Partners LP are all vying for a piece of the pie, and each company has its own strengths and weaknesses. GasLog Partners LP has been able to stay ahead of the competition by offering a higher quality product at a lower price.
– Teekay Corp ($NYSE:TK)
Teekay Corporation is a leading provider of international crude oil and gas transportation services. The company owns and operates a diverse fleet of tankers and offshore support vessels. Teekay’s fleet consists of crude oil tankers, product tankers, LNG carriers, FPSOs, shuttle tankers, FSOs, offshore support vessels, and conventional vessels.
Teekay has a market capitalization of $392.21 million as of 2022 and a return on equity of -10.2%. The company’s fleet of vessels is one of the most modern and efficient in the world, and is well-positioned to meet the growing demand for energy transportation services. Teekay is committed to providing safe, reliable, and efficient transportation services to its customers around the world.
– ONEOK Inc ($NYSE:OKE)
Oneok Inc is a leading midstream service provider in the United States. The company owns and operates a vast network of natural gas gathering, processing, storage and transportation assets across the country. Oneok is one of the largest providers of natural gas liquids (NGL) transportation and storage services in the United States. The company has a market capitalization of $24.49 billion as of March 2021 and a return on equity of 28.78%.
Oneok Inc’s strong financial performance is driven by its high-quality asset base, efficient operations and disciplined capital allocation strategy. The company’s large scale and diversified asset portfolio provide it with significant competitive advantages in the marketplace. Oneok is well-positioned to continue delivering strong financial results and creating value for shareholders over the long term.
– Shell Midstream Partners LP ($NYSE:SHLX)
Midship Pipeline Company LLC, a subsidiary of Midstream Partners LP, is a natural gas pipeline company that transports, processes, and stores natural gas. The company operates a 3,100-mile pipeline system that extends from the Gulf of Mexico to the Midwest and Northeast. Midship also operates two natural gas processing plants in Oklahoma.
Summary
GASLOG PARTNERS LP recently announced their Non-GAAP earnings per share (EPS) at $0.62, exceeding estimates by $0.16 and revenue of $99.07M, which beat expectations by $10.31M. This news is a positive indicator for potential investors, as the company is exceeding expectations and demonstrating financial strength. It may be a good opportunity to consider investing in GASLOG, as their performance could indicate increased growth and profitability in the future.
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