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Green Plains Partners

Nasdaq:GPP
Snowflake Description

Acceptable track record and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GPP
Nasdaq
$333M
Market Cap
  1. Home
  2. US
  3. Energy
Company description

Green Plains Partners LP provides fuel storage and transportation services. The last earnings update was 73 days ago. More info.


Add to Portfolio Compare Print
  • Green Plains Partners is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
GPP Share Price and Events
7 Day Returns
1.1%
NasdaqGM:GPP
-2.9%
US Oil and Gas
-1.2%
US Market
1 Year Returns
-11.5%
NasdaqGM:GPP
-16.9%
US Oil and Gas
3.4%
US Market
GPP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Green Plains Partners (GPP) 1.1% 7.6% -10.1% -11.5% -16.4% -
US Oil and Gas -2.9% 0.2% -7.4% -16.9% -6.1% -38%
US Market -1.2% 1.2% 1.7% 3.4% 35.5% 41.6%
1 Year Return vs Industry and Market
  • GPP outperformed the Oil and Gas industry which returned -16.9% over the past year.
  • GPP underperformed the Market in United States of America which returned 3.4% over the past year.
Price Volatility
GPP
Industry
5yr Volatility vs Market

Value

 Is Green Plains Partners undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Green Plains Partners to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Green Plains Partners.

NasdaqGM:GPP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.9%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGM:GPP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.92
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.921 (1 + (1- 21%) (54.09%))
1.211
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.21
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.211 * 5.96%)
9.95%

Discounted Cash Flow Calculation for NasdaqGM:GPP using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Green Plains Partners is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqGM:GPP DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.95%)
2020 18.81 Est @ -13.01% 17.10
2021 17.25 Est @ -8.29% 14.27
2022 16.39 Est @ -4.98% 12.33
2023 15.95 Est @ -2.67% 10.91
2024 15.78 Est @ -1.05% 9.82
2025 15.80 Est @ 0.08% 8.94
2026 15.93 Est @ 0.88% 8.20
2027 16.16 Est @ 1.43% 7.57
2028 16.46 Est @ 1.82% 7.01
2029 16.80 Est @ 2.09% 6.51
Present value of next 10 years cash flows $102.67
NasdaqGM:GPP DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $16.80 × (1 + 2.73%) ÷ (9.95% – 2.73%)
$239.15
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $239.15 ÷ (1 + 9.95%)10
$92.65
NasdaqGM:GPP Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $102.67 + $92.65
$195.32
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $195.32 / 23.14
$8.44
NasdaqGM:GPP Discount to Share Price
Calculation Result
Value per share (USD) From above. $8.44
Current discount Discount to share price of $14.38
= -1 x ($14.38 - $8.44) / $8.44
-70.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Green Plains Partners is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Green Plains Partners's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Green Plains Partners's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGM:GPP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $1.81
NasdaqGM:GPP Share Price ** NasdaqGM (2019-07-19) in USD $14.38
United States of America Oil and Gas Industry PE Ratio Median Figure of 101 Publicly-Listed Oil and Gas Companies 12.61x
United States of America Market PE Ratio Median Figure of 3,080 Publicly-Listed Companies 17.88x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Green Plains Partners.

NasdaqGM:GPP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGM:GPP Share Price ÷ EPS (both in USD)

= 14.38 ÷ 1.81

7.97x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Green Plains Partners is good value based on earnings compared to the US Oil and Gas industry average.
  • Green Plains Partners is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Green Plains Partners's expected growth come at a high price?
Raw Data
NasdaqGM:GPP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.97x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
-8%per year
United States of America Oil and Gas Industry PEG Ratio Median Figure of 79 Publicly-Listed Oil and Gas Companies 0.39x
United States of America Market PEG Ratio Median Figure of 2,119 Publicly-Listed Companies 1.57x

*Line of best fit is calculated by linear regression .

NasdaqGM:GPP PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 7.97x ÷ -8%

-1x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Green Plains Partners earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Green Plains Partners's assets?
Raw Data
NasdaqGM:GPP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $-3.12
NasdaqGM:GPP Share Price * NasdaqGM (2019-07-19) in USD $14.38
United States of America Oil and Gas Industry PB Ratio Median Figure of 196 Publicly-Listed Oil and Gas Companies 1.06x
United States of America Market PB Ratio Median Figure of 5,245 Publicly-Listed Companies 1.79x
NasdaqGM:GPP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGM:GPP Share Price ÷ Book Value per Share (both in USD)

= 14.38 ÷ -3.12

-4.61x

* Primary Listing of Green Plains Partners.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Green Plains Partners has negative assets, we can't compare the value of its assets to the US Oil and Gas industry average.
X
Value checks
We assess Green Plains Partners's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Green Plains Partners has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Green Plains Partners expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Green Plains Partners expected to grow at an attractive rate?
  • Green Plains Partners's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Green Plains Partners's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • Green Plains Partners's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGM:GPP Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGM:GPP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts -8%
NasdaqGM:GPP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts -3.2%
United States of America Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 12.5%
United States of America Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 4.7%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGM:GPP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGM:GPP Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 88 50 43 2
2019-12-31 86 48 42 2
NasdaqGM:GPP Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 96 51 52
2018-12-31 101 55 55
2018-09-30 106 66 57
2018-06-30 106 63 57
2018-03-31 106 62 56
2017-12-31 107 64 58
2017-09-30 107 62 58
2017-06-30 107 67 58
2017-03-31 107 65 58
2016-12-31 104 62 56
2016-09-30 98 58 51
2016-06-30 93 52 48

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Green Plains Partners's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Green Plains Partners's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGM:GPP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Green Plains Partners Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:GPP Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 1.90 1.90 1.90 1.00
2019-12-31 1.85 1.85 1.85 1.00
NasdaqGM:GPP Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 1.81
2018-12-31 1.78
2018-09-30 1.78
2018-06-30 1.78
2018-03-31 1.76
2017-12-31 1.81
2017-09-30 1.82
2017-06-30 1.81
2017-03-31 1.84
2016-12-31 1.75
2016-09-30 1.62
2016-06-30 1.52

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Green Plains Partners will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Green Plains Partners's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Green Plains Partners has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Green Plains Partners performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Green Plains Partners's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Green Plains Partners has delivered over 20% year on year earnings growth in the past 5 years.
  • Green Plains Partners's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Green Plains Partners's 1-year earnings growth is negative, it can't be compared to the US Oil and Gas industry average.
Earnings and Revenue History
Green Plains Partners's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Green Plains Partners Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:GPP Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 95.95 51.51 4.97
2018-12-31 100.75 54.57 5.26
2018-09-30 105.75 56.73 4.65
2018-06-30 106.42 56.74 4.47
2018-03-31 105.65 56.12 4.41
2017-12-31 106.99 57.69 4.22
2017-09-30 107.03 57.79 4.03
2017-06-30 106.79 57.53 4.50
2017-03-31 107.21 58.41 4.43
2016-12-31 103.77 55.67 4.42
2016-09-30 98.17 51.44 5.14
2016-06-30 93.38 48.19 4.77
2016-03-31 71.33 34.49 4.13
2015-12-31 50.94 22.55 3.11
2015-09-30 31.54 10.66 2.10
2015-06-30 13.53 0.00 1.44
2015-03-31 13.36 2.39 1.33
2014-12-31 12.84 -12.83 1.40
2013-12-31 11.03 0.00 1.40

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Green Plains Partners has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • Green Plains Partners used its assets more efficiently than the US Oil and Gas industry average last year based on Return on Assets.
  • Green Plains Partners has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Green Plains Partners's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Green Plains Partners has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Green Plains Partners's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Green Plains Partners's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Green Plains Partners's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Green Plains Partners's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Green Plains Partners's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Green Plains Partners has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Green Plains Partners Company Filings, last reported 3 months ago.

NasdaqGM:GPP Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 -73.40 143.04 0.30
2018-12-31 -72.45 142.03 0.57
2018-09-30 -67.40 136.01 0.43
2018-06-30 -66.43 136.90 0.27
2018-03-31 -64.72 136.99 0.59
2017-12-31 -62.85 134.88 0.50
2017-09-30 -64.32 136.96 0.25
2017-06-30 -64.22 135.85 2.94
2017-03-31 -63.08 134.44 0.89
2016-12-31 -64.17 136.93 0.62
2016-09-30 -67.04 139.92 1.33
2016-06-30 9.49 54.90 2.76
2016-03-31 8.61 58.89 5.63
2015-12-31 71.81 7.88 16.39
2015-09-30 66.28 8.10 18.23
2015-06-30 33.54 8.10 4.54
2015-03-31 32.96 8.10 3.37
2014-12-31 67.31 8.10 5.71
2013-12-31 33.18 8.10 1.70
  • Green Plains Partners has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Green Plains Partners's debt level has increased considering it has negative shareholder equity.
  • Debt is well covered by operating cash flow (35.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 7.8x coverage).
X
Financial health checks
We assess Green Plains Partners's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Green Plains Partners has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Green Plains Partners's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
13.21%
Current annual income from Green Plains Partners dividends. Estimated to be 13.27% next year.
If you bought $2,000 of Green Plains Partners shares you are expected to receive $264 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Green Plains Partners's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • Green Plains Partners's dividend is above the markets top 25% of dividend payers in United States of America (3.76%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGM:GPP Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
United States of America Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 67 Stocks 3.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2016 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGM:GPP Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 1.92 3.00
2019-12-31 1.90 3.00
NasdaqGM:GPP Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-07-18 1.900 13.392
2019-04-18 1.900 13.089
2019-01-17 1.900 12.221
2018-10-18 1.900 13.180
2018-07-19 1.900 12.345
2018-04-19 1.900 11.114
2018-01-18 1.880 10.595
2017-10-19 1.840 9.784
2017-07-20 1.800 9.307
2017-04-20 1.760 9.188
2017-01-23 1.720 8.682
2016-10-20 1.680 8.708
2016-07-20 1.640 8.865
2016-04-21 1.620 10.975
2016-01-21 1.610 11.921
2015-10-22 1.600 11.276

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Green Plains Partners has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Green Plains Partners only paid a dividend in the past 4 years.
Current Payout to shareholders
What portion of Green Plains Partners's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Green Plains Partners's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Green Plains Partners afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Green Plains Partners has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Green Plains Partners's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Todd Becker
COMPENSATION $135,836
AGE 54
TENURE AS CEO 4.3 years
CEO Bio

Mr. Todd A. Becker serves as the President and Chief Executive officer at Green Plains Grain Company TN LLC. Mr. Becker has been the Chief Executive Officer at Green Plains Inc. since January 1, 2009 and its President since October 15, 2008. He has been Chief Executive Officer and President of Green Plains Holdings LLC, a General Partner of Green Plains Partners LP since March 2015. Mr. Becker served as the Chief Operating Officer at Green Plains Inc. since October 15, 2008 until December 2008 and served as its Compliance Officer. He served as the President and Chief Executive Officer of Green Plains Renewable Energy, Inc. He served as the Chief Executive Officer at VBV LLC since May 2007 until October 2008. He served as an Executive Vice President of Sales & Trading at Global Ethanol from May 2006 to May 2007. He had responsibility for setting up commercial operations which included ethanol, corn, natural gas and distillers grains risk management and marketing. He spent ten years with ConAgra Foods in various management positions including Vice President of International Marketing for ConAgra Trade Group and President of ConAgra Grain Canada. He has over 20 years of related experience in various commodity processing businesses, risk management and supply chain management. In addition, he has extensive international trading experience in agricultural markets. He served as the Chairman at Green Plains Inc. and serves as its Director since March 10, 2009. He has been a Director at The Hillshire Brands Company since May 31, 2012 to 2014. He has been a Director of Green Plains Holdings LLC, a General Partner of Green Plains Partners LP since March 2015 and serves as its Chairman. He holds an Masters degree in Finance from the Kelley School of Business at Indiana University and a Bachelor of Science degree in Business Administration with a Finance emphasis from the University of Kansas.

CEO Compensation
  • Todd's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Todd's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Green Plains Partners management team in years:

3.9
Average Tenure
56
Average Age
  • The tenure for the Green Plains Partners management team is about average.
Management Team

Todd Becker

TITLE
President
COMPENSATION
$136K
AGE
54
TENURE
4.3 yrs

George Simpkins

TITLE
CFO & Director of Green Plains Holdings LLC
AGE
57
TENURE
0.2 yrs

Michelle Mapes

TITLE
Chief Legal & Administration Officer of Green Plains Holdings LLC
COMPENSATION
$11K
AGE
52
TENURE
1.5 yrs

Jim Stark

TITLE
Vice President
AGE
58

Mark Hudak

TITLE
Executive Vice President of Human Resources - Green Plains Holdings LLC
AGE
59
TENURE
4.3 yrs

Paul Kolomaya

TITLE
Executive Vice President of Commodity Finance - Green Plains Holdings LLC
AGE
54
TENURE
4.3 yrs

Walter Cronin

TITLE
Executive Vice President of Commercial Operations - Green Plains Holdings LLC
AGE
56
TENURE
3.9 yrs

Michael Metzler

TITLE
Executive Vice President of Natural Gas & Power - Green Plains Holdings LLC
AGE
56
TENURE
3.7 yrs
Board of Directors Tenure

Average tenure and age of the Green Plains Partners board of directors in years:

3.9
Average Tenure
55.5
Average Age
  • The tenure for the Green Plains Partners board of directors is about average.
Board of Directors

Todd Becker

TITLE
President
COMPENSATION
$136K
AGE
54

George Simpkins

TITLE
CFO & Director of Green Plains Holdings LLC
AGE
57
TENURE
4.1 yrs

Clay Killinger

TITLE
Director of Green Plains Holdings LLC
COMPENSATION
$150K
AGE
58
TENURE
3.9 yrs

Brett Riley

TITLE
Director of Green Plains Holdings LLC
COMPENSATION
$145K
AGE
49
TENURE
3.3 yrs

Jerry Peters

TITLE
Director of Green Plains Holdings LLC
COMPENSATION
$140K
AGE
61
TENURE
4.5 yrs

Martin Salinas

TITLE
Independent Director of Green Plains Holdings LLC
COMPENSATION
$103K
AGE
47
TENURE
1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
22. Feb 19 Sell Michelle Mapes Individual 20. Feb 19 21. Feb 19 -16,200 $15.43 $-249,246
15. Feb 19 Sell Michelle Mapes Individual 13. Feb 19 13. Feb 19 -11,710 $15.49 $-181,353
20. Dec 18 Sell Jeffrey Briggs Individual 18. Dec 18 18. Dec 18 -4,000 $14.17 $-56,696
20. Dec 18 Sell Michelle Mapes Individual 18. Dec 18 19. Dec 18 -5,238 $14.42 $-75,520
17. Dec 18 Sell Michael Metzler Individual 14. Dec 18 14. Dec 18 -2,500 $14.35 $-35,875
16. Nov 18 Sell Todd Becker Individual 15. Nov 18 15. Nov 18 -5,000 $14.65 $-73,250
06. Aug 18 Buy Martin Salinas Individual 03. Aug 18 03. Aug 18 6,000 $16.37 $98,220
X
Management checks
We assess Green Plains Partners's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Green Plains Partners has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Should You Buy Green Plains Partners LP (NASDAQ:GPP) At This PE Ratio?

and want to begin learning the link between Green Plains Partners LP (NASDAQ:GPP)’s fundamentals and stock market performance. … Green Plains Partners LP (NASDAQ:GPP) is trading with a trailing P/E of 9.9x, which is lower than the industry average of 13.8x. … While this makes GPP appear like a great stock to buy, you might change your mind after I explain the assumptions behind the P/E ratio.

Simply Wall St -

Is It Time To Buy Green Plains Partners LP (NASDAQ:GPP) Based Off Its PE Ratio?

It compares a stock’s price per share to the stock’s earnings per share. … Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for GPP Price per share = $17.6 Earnings per share = $1.764 ∴ Price-Earnings Ratio = $17.6 ÷ $1.764 = 10x On its own, the P/E ratio doesn’t tell you much; however, it becomes extremely useful when you compare it with other similar companies. … For example, if you are inadvertently comparing lower risk firms with GPP, then GPP’s P/E would naturally be lower than its peers, since investors would value those with lower risk with a higher price.

Simply Wall St -

Green Plains Partners And Other Top Cheap Stocks

This is the case for Green Plains Partners and Weis Markets. … GPP's stock is currently floating at around -46% less than its actual level of $32.7, at the market price of US$17.50, according to my discounted cash flow model. … More on Green Plains Partners here.

Simply Wall St -

Green Plains Partners LP (NASDAQ:GPP): Does The -3.92% Earnings Drop Reflect A Longer Term Trend?

When Green Plains Partners LP (NASDAQ:GPP) announced its most recent earnings (31 March 2018), I did two things: looked at its past earnings track record, then look at what is happening in the industry. … View our latest analysis for Green Plains Partners How Did GPP's Recent Performance Stack Up Against Its Past? … This shows that, in the recent industry expansion, Green Plains Partners has not been able to realize the gains unlike its industry peers.What does this mean?

Simply Wall St -

Best Cheap Stocks To Buy

Green Plains Partners and Tutor Perini are companies that are currently trading below what they’re actually worth. … Green Plains Partners was established in 2015 and with the market cap of USD $543.98M, it falls under the small-cap stocks category. … What’s even more appeal is that TPC’s PE ratio is trading at 6.91x relative to its Construction peer level of, 17.18x implying that relative to its comparable company group, we can invest in TPC at a lower price.

Simply Wall St -

Is It Time To Buy Green Plains Partners LP (NASDAQ:GPP)?

Green Plains Partners LP (NASDAQ:GPP), an energy company based in United States, received a lot of attention from a substantial price movement on the NasdaqGM in the over the last few months, increasing to $18.7 at one point, and dropping to the lows of $16.85. … Let’s take a look at Green Plains Partners’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change. … What’s more interesting is that, Green Plains Partners’s share price is quite stable, which could mean two things: firstly, it may take the share price a while to move to its intrinsic value, and secondly, there may be less chances to buy low in the future once it reaches that value.

Simply Wall St -

Has Green Plains Partners LP (NASDAQ:GPP) Improved Earnings Growth In Recent Times?

Today I will examine Green Plains Partners LP's (NASDAQ:GPP) latest earnings update (30 September 2017) and compare these figures against its performance over the past couple of years, in addition to how the rest of GPP's industry performed. … Check out our latest analysis for Green Plains Partners How Did GPP's Recent Performance Stack Up Against Its Past? … This means generally, Green Plains Partners has been able to consistently grow its bottom line over the last couple of years as well.

Simply Wall St -

Is It Time To Buy Green Plains Partners LP (NASDAQ:GPP) Based Off Its PE Ratio?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for GPP Price per share = $18.55 Earnings per share = $1.817 ∴ Price-Earnings Ratio = $18.55 ÷ $1.817 = 10.2x The P/E ratio itself doesn’t tell you a lot; however, it becomes very insightful when you compare it with other similar companies. … GPP’s P/E of 10.2x is lower than its industry peers (14x), which implies that each dollar of GPP’s earnings is being undervalued by investors. … For example, if you are inadvertently comparing lower risk firms with GPP, then GPP’s P/E would naturally be lower than its peers, since investors would value those with lower risk with a higher price.

Simply Wall St -

Is There An Opportunity With Green Plains Partners LP's (GPP) 39.81% Undervaluation?

I am going to run you through how I calculated the intrinsic value of Green Plains Partners LP (NASDAQ:GPP) by taking the foreast future cash flows of the company and discounting them back to today's value. … 5-year cash flow estimate 2017 2018 2019 2020 2021 Levered FCF (USD, Millions) $46.14 $54.90 $64.79 $75.80 $87.93 Source Extrapolated @ (20%, capped from 56.68%) Extrapolated @ (19%, capped from 56.68%) Extrapolated @ (18%, capped from 56.68%) Extrapolated @ (17%, capped from 56.68%) Extrapolated @ (16%, capped from 56.68%) Present Value Discounted @ 9.87% $41.99 $45.49 $48.85 $52.02 $54.93 Present Value of 5-year Cash Flow (PVCF)= $243 After calculating the present value of future cash flows in the intial 5-year period we need to calculate the Terminal Value, which accounts for all the future cash flows beyond the first stage. … Terminal Value (TV) = FCF2021 × (1 + g) ÷ (r – g) = $88 × (1 + 2.5%) ÷ (9.9% – 2.5%) = $1,218 Present Value of Terminal Value (PVTV) = TV / (1 + r)5 = $1,218 / ( 1 + 9.9%)5 = $761 The total value is the sum of cash flows for the next five years and the discounted terminal value, which results in the Total Equity Value, which in this case is $1,004.

Simply Wall St -

Company Info

Description

Green Plains Partners LP provides fuel storage and transportation services. It acquires, owns, develops, and operates ethanol and fuel storage tanks, terminals, transportation assets, and other related assets and businesses. The company owns or leases 32 ethanol storage facilities and approximately 49 acres of land. Green Plains Holdings LLC serves as the general partner of the company. The company was founded in 2015 and is headquartered in Omaha, Nebraska. Green Plains Partners LP is a subsidiary of Green Plains Inc.

Details
Name: Green Plains Partners LP
GPP
Exchange: NasdaqGM
Founded: 2015
$332,720,054
23,137,695
Website: http://www.greenplainspartners.com
Address: Green Plains Partners LP
1811 Aksarben Drive,
Omaha,
Nebraska, 68106,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGM GPP Common Units Nasdaq Global Market US USD 29. Jun 2015
Number of employees
Current staff
Staff numbers
0
Green Plains Partners employees.
Industry
Oil and Gas Storage and Transportation
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/21 01:16
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2019/07/03
Last earnings filing: 2019/05/09
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.