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Market Cap

US$680.2m

Last Updated

2021/04/15 23:35 UTC

Data Sources

Company Financials +

Executive Summary

Golar LNG Partners LP owns and operates floating storage regasification units (FSRUs) and liquefied natural gas (LNG) carriers under long-term charters in Indonesia, Brazil, Jordan, Jamaica, Kuwait, and the United Arab Emirates. More Details


Snowflake Analysis

Proven track record and fair value.


Similar Companies

Share Price & News

How has Golar LNG Partners's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: GMLP is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 1% a week.

Volatility Over Time: GMLP's weekly volatility has decreased from 10% to 1% over the past year.


Market Performance


7 Day Return

1.4%

GMLP

0.8%

US Oil and Gas

-2.8%

US Market


1 Year Return

65.9%

GMLP

44.6%

US Oil and Gas

49.4%

US Market

Return vs Industry: GMLP exceeded the US Oil and Gas industry which returned 59.4% over the past year.

Return vs Market: GMLP exceeded the US Market which returned 57.5% over the past year.


Shareholder returns

GMLPIndustryMarket
7 Day1.4%0.8%-2.8%
30 Day1.4%8.2%-2.3%
90 Day4.4%17.3%-1.3%
1 Year71.2%65.9%53.3%44.6%51.8%49.4%
3 Year-74.1%-81.3%-17.2%-28.4%57.5%47.6%
5 Year-64.1%-79.2%0.9%-18.7%121.7%97.1%

Long-Term Price Volatility Vs. Market

How volatile is Golar LNG Partners's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Golar LNG Partners undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: GMLP ($3.55) is trading below our estimate of fair value ($24.55)

Significantly Below Fair Value: GMLP is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: GMLP is poor value based on its PE Ratio (35.4x) compared to the US Oil and Gas industry average (13.4x).

PE vs Market: GMLP is poor value based on its PE Ratio (35.4x) compared to the US market (22.3x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: GMLP is good value based on its PB Ratio (0.6x) compared to the US Oil and Gas industry average (1.4x).


Future Growth

How is Golar LNG Partners forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

-1.0%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if GMLP's forecast earnings growth is above the savings rate (2%).

Earnings vs Market: Insufficient data to determine if GMLP's earnings are forecast to grow faster than the US market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: GMLP's revenue is expected to decline over the next 3 years (-1% per year).

High Growth Revenue: GMLP's revenue is forecast to decline over the next 3 years (-1% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if GMLP's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Golar LNG Partners performed over the past 5 years?

-46.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GMLP has high quality earnings.

Growing Profit Margin: GMLP's current net profit margins (2.5%) are higher than last year (1.9%).


Past Earnings Growth Analysis

Earnings Trend: GMLP's earnings have declined by 46.6% per year over the past 5 years.

Accelerating Growth: GMLP's earnings growth over the past year (27.4%) exceeds its 5-year average (-46.6% per year).

Earnings vs Industry: GMLP earnings growth over the past year (27.4%) exceeded the Oil and Gas industry -44.6%.


Return on Equity

High ROE: GMLP's Return on Equity (2.9%) is considered low.


Financial Health

How is Golar LNG Partners's financial position?


Financial Position Analysis

Short Term Liabilities: GMLP's short term assets ($146.8M) do not cover its short term liabilities ($832.3M).

Long Term Liabilities: GMLP's short term assets ($146.8M) do not cover its long term liabilities ($570.1M).


Debt to Equity History and Analysis

Debt Level: GMLP's debt to equity ratio (190.3%) is considered high.

Reducing Debt: GMLP's debt to equity ratio has reduced from 240.5% to 190.3% over the past 5 years.

Debt Coverage: GMLP's debt is not well covered by operating cash flow (12%).

Interest Coverage: GMLP's interest payments on its debt are not well covered by EBIT (1.2x coverage).


Balance Sheet


Dividend

What is Golar LNG Partners's current dividend yield, its reliability and sustainability?

2.28%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: GMLP's dividend (2.28%) is higher than the bottom 25% of dividend payers in the US market (1.24%).

High Dividend: GMLP's dividend (2.28%) is low compared to the top 25% of dividend payers in the US market (3.48%).


Stability and Growth of Payments

Stable Dividend: GMLP's dividend payments have been volatile in the past 10 years.

Growing Dividend: GMLP's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (80.6%), GMLP's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: GMLP's dividends in 3 years are forecast to be thoroughly covered by earnings (6% payout ratio).


Next Steps

Management

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

1.5yrs

Average management tenure


CEO

Karl Staubo (33 yo)

0.92

Tenure

Mr. Karl Fredrik Staubo serves as the Chief Financial Officer at Golar LNG Limited since November 2020. He serves as Chief Executive Officer of Golar LNG Partners L.P. since May 1, 2020. Mr. Staubo has 10 ...


Leadership Team

Experienced Management: GMLP's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


Board Members

Experienced Board: GMLP's board of directors are considered experienced (5.2 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

Golar LNG Partners LP's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Golar LNG Partners LP
  • Ticker: GMLP
  • Exchange: NasdaqGS
  • Founded: 2007
  • Industry: Oil and Gas Storage and Transportation
  • Sector: Energy
  • Market Cap: US$680.193m
  • Shares outstanding: 70.74m
  • Website: https://www.golarlngpartners.com

Number of Employees


Location

  • Golar LNG Partners LP
  • S.E. Pearman Building
  • 2nd Floor
  • Hamilton
  • HM11
  • Bermuda

Listings


Biography

Golar LNG Partners LP owns and operates floating storage regasification units (FSRUs) and liquefied natural gas (LNG) carriers under long-term charters in Indonesia, Brazil, Jordan, Jamaica, Kuwait, and th...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/15 23:35
End of Day Share Price2021/04/15 00:00
Earnings2020/12/31
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.