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NGL

Trinidad and Tobago NGLTTSE:NGL Stock Report

Market Cap

TT$2.9b

7D

1.2%

1Y

25.9%

Updated

01 Dec, 2021

Data

Company Financials
NGL fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance1/6
Financial Health6/6
Dividends2/6

NGL Stock Overview

Trinidad and Tobago NGL Limited, through its interest in Phoenix Park Gas Processors Limited, engages in operating natural gas processing and natural gas liquids fractionation facilities in Trinidad and Tobago.

Price History & Performance

Summary of all time highs, changes and price drops for Trinidad and Tobago NGL
Historical stock prices
Current Share PriceTT$18.83
52 Week HighTT$19.00
52 Week LowTT$13.00
Beta0.31
1 Month Change2.84%
3 Month Change7.42%
1 Year Change25.87%
3 Year Change-35.62%
5 Year Change-14.41%
Change since IPO-14.41%

Recent News & Updates

Shareholder Returns

NGLTT Oil and GasTT Market
7D1.2%1.3%1.2%
1Y25.9%13.4%10.3%

Return vs Industry: NGL exceeded the TT Oil and Gas industry which returned 12.8% over the past year.

Return vs Market: NGL exceeded the TT Market which returned 10.7% over the past year.

Price Volatility

Is NGL's price volatile compared to industry and market?
NGL volatility
NGL Average Weekly Movement2.9%
Oil and Gas Industry Average Movement6.9%
Market Average Movement2.7%
10% most volatile stocks in TT Market5.5%
10% least volatile stocks in TT Market1.5%

Stable Share Price: NGL is not significantly more volatile than the rest of TT stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: NGL's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2013n/an/ahttps://www.ngl.co.tt

Trinidad and Tobago NGL Limited, through its interest in Phoenix Park Gas Processors Limited, engages in operating natural gas processing and natural gas liquids fractionation facilities in Trinidad and Tobago. It produces and markets propane, butane, and natural gasoline. The company was incorporated in 2013 and is based in Couva, Trinidad & Tobago.

Trinidad and Tobago NGL Fundamentals Summary

How do Trinidad and Tobago NGL's earnings and revenue compare to its market cap?
NGL fundamental statistics
Market CapTT$2.86b
Earnings (TTM)TT$110.58m
Revenue (TTM)TT$150.43m

26.4x

P/E Ratio

19.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NGL income statement (TTM)
RevenueTT$150.43m
Cost of RevenueTT$0
Gross ProfitTT$150.43m
ExpensesTT$39.85m
EarningsTT$110.58m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.71
Gross Margin100.00%
Net Profit Margin73.51%
Debt/Equity Ratio0.0%

How did NGL perform over the long term?

See historical performance and comparison

Dividends

2.7%

Current Dividend Yield

41%

Payout Ratio

Valuation

Is Trinidad and Tobago NGL undervalued compared to its fair value and its price relative to the market?

26.36x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: NGL (TTD18.83) is trading above our estimate of fair value (TTD2.67)

Significantly Below Fair Value: NGL is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: NGL is poor value based on its PE Ratio (26.4x) compared to the South American Oil and Gas industry average (11.8x).

PE vs Market: NGL is poor value based on its PE Ratio (26.4x) compared to the TT market (18.9x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate NGL's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: NGL is good value based on its PB Ratio (0.9x) compared to the XS Oil and Gas industry average (1x).


Future Growth

How is Trinidad and Tobago NGL forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

0.7%

Forecasted Energy industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Trinidad and Tobago NGL has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Trinidad and Tobago NGL performed over the past 5 years?

-27.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NGL has a large one-off loss of TTD38.1M impacting its September 30 2021 financial results.

Growing Profit Margin: NGL's current net profit margins (73.5%) are lower than last year .


Past Earnings Growth Analysis

Earnings Trend: NGL's earnings have declined by 27.3% per year over the past 5 years.

Accelerating Growth: NGL's earnings growth over the past year (39.3%) exceeds its 5-year average (-27.3% per year).

Earnings vs Industry: NGL earnings growth over the past year (39.3%) underperformed the Oil and Gas industry 102.9%.


Return on Equity

High ROE: NGL's Return on Equity (3.3%) is considered low.


Financial Health

How is Trinidad and Tobago NGL's financial position?


Financial Position Analysis

Short Term Liabilities: NGL's short term assets (TTD86.7M) exceed its short term liabilities (TTD1.5M).

Long Term Liabilities: NGL has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: NGL is debt free.

Reducing Debt: NGL has not had any debt for past 5 years.

Debt Coverage: NGL has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: NGL has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Trinidad and Tobago NGL current dividend yield, its reliability and sustainability?

2.66%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: NGL's dividend (2.66%) is higher than the bottom 25% of dividend payers in the TT market (1.7%).

High Dividend: NGL's dividend (2.66%) is low compared to the top 25% of dividend payers in the TT market (3.34%).


Stability and Growth of Payments

Stable Dividend: NGL has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: NGL has only been paying a dividend for 6 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (41.3%), NGL's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.5yrs

Average board tenure


CEO

Trinidad and Tobago NGL has no CEO, or we have no data on them.


Board Members

Experienced Board: NGL's board of directors are considered experienced (5.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Trinidad and Tobago NGL Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Trinidad and Tobago NGL Limited
  • Ticker: NGL
  • Exchange: TTSE
  • Founded: 2013
  • Industry: Oil and Gas Storage and Transportation
  • Sector: Energy
  • Market Cap: TT$2.864b
  • Shares outstanding: 154.80m
  • Website: https://www.ngl.co.tt

Location

  • Trinidad and Tobago NGL Limited
  • Orinoco Drive
  • Point Lisas Industrial Estate
  • Couva
  • Trinidad & Tobago

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/12/01 22:08
End of Day Share Price2021/12/01 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.