NYSE:EVA

Stock Analysis Report

Executive Summary

Enviva Partners, LP produces and supplies utility-grade wood pellets.

Rewards


Snowflake Analysis


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: EVA has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

2.3%

EVA

0.8%

US Oil and Gas

-0.3%

US Market


1 Year Return

25.1%

EVA

-10.2%

US Oil and Gas

18.6%

US Market

Return vs Industry: EVA exceeded the US Oil and Gas industry which returned -10.2% over the past year.

Return vs Market: EVA exceeded the US Market which returned 18.6% over the past year.


Shareholder returns

EVAIndustryMarket
7 Day2.3%0.8%-0.3%
30 Day1.0%-2.1%2.2%
90 Day14.5%0.4%5.6%
1 Year36.0%25.1%-7.0%-10.2%21.1%18.6%
3 Year62.8%27.1%-12.4%-20.4%45.6%36.2%
5 Yearn/a-7.7%-21.4%71.1%52.2%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

2.91x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: EVA ($35.34) is trading above our estimate of fair value ($16.67)

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


Price To Earnings Ratio

PE vs Industry: EVA is unprofitable, so we can't compare its PE Ratio to the Oil and Gas industry average.

PE vs Market: EVA is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: EVA is overvalued based on its PB Ratio (2.9x) compared to the US Oil and Gas industry average (0.8x).

Future Growth

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

97.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: EVA is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.7%).

Earnings vs Market: EVA is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: EVA's is expected to become profitable in the next 3 years.

Revenue vs Market: EVA's revenue (19.7% per year) is forecast to grow faster than the US market (7.4% per year).

High Growth Revenue: EVA's revenue (19.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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

Past Performance

How has Enviva Partners performed over the past 5 years?

-24.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: EVA is currently unprofitable.

Growing Profit Margin: EVA is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: EVA is unprofitable, and losses have increased over the past 5 years at a rate of -24.4% per year.

Accelerating Growth: Unable to compare EVA's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: EVA is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-15.6%).


Return on Equity

High ROE: EVA has a negative Return on Equity (2.19%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed

Financial Health

How is Enviva Partners's financial position?


Financial Position Analysis

Short Term Liabilities: EVA's short term assets ($98.3M) do not cover its short term liabilities ($136.6M).

Long Term Liabilities: EVA's short term assets ($98.3M) do not cover its long term liabilities ($580.6M).


Debt to Equity History and Analysis

Debt Level: EVA's debt to equity ratio (214.5%) is considered high.

Reducing Debt: EVA's debt to equity ratio has increased from 37% to 214.5% over the past 5 years.

Debt Coverage: EVA's debt is not well covered by operating cash flow (10.6%).

Interest Coverage: EVA is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet

Inventory Level: EVA has a high level of physical assets or inventory.

Debt Coverage by Assets: EVA's debt is not covered by short term assets (assets are 0.2x debt).

Dividend

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

7.58%

Current Dividend Yield


Dividend Yield vs Market

company7.6%marketbottom25%1.4%markettop25%3.7%industryaverage4.2%forecastin3Years8.3%

Current dividend yield vs market & industry

Notable Dividend: EVA's dividend (7.58%) is higher than the bottom 25% of dividend payers in the US market (1.42%).

High Dividend: EVA's dividend (7.58%) is in the top 25% of dividend payers in the US market (3.7%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, EVA has been paying a dividend for less than 10 years.

Growing Dividend: EVA's dividend payments have increased, but the company has only paid a dividend for 4 years.


Current Payout to Shareholders

Dividend Coverage: EVA is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: EVA's dividends in 3 years are not forecast to be well covered by earnings (118.2% payout ratio).

Management

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

2.8yrs

Average management tenure


CEO

John Keppler (48yo)

6.1yrs

Tenure

US$1,246,542

Compensation

Mr. John K. Keppler has been the Chairman and Chief Executive Officer of Enviva Partners GP LLC - general partner of Enviva Partners, LP (formerly Enviva, LLC, Intrinergy, LLC) since November 12, 2013 and  ...


CEO Compensation Analysis

Compensation vs Market: John's total compensation ($USD1.25M) is below average for companies of similar size in the US market ($USD2.63M).

Compensation vs Earnings: John's compensation has increased whilst the company is unprofitable.


Management Age and Tenure

2.8yrs

Average Tenure

46yo

Average Age

Experienced Management: EVA's management team is considered experienced (2.8 years average tenure).


Board Age and Tenure

4.7yrs

Average Tenure

62.5yo

Average Age

Experienced Board: EVA's board of directors are considered experienced (4.7 years average tenure).


Insider Trading

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


Recent Insider Transactions

BuyUS$49,999,98803 Apr 19
Riverstone Holdings LLC
EntityCompany
Shares1,681,237
Max PriceUS$29.74

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 13.9%.


Management Team

  • Shai Even (50yo)

    Executive VP & CFO of Enviva Partners GP LLC

    • Tenure: 1.5yrs
    • Compensation: US$735.20k
  • Bill Schmidt (46yo)

    Executive VP of Corporate Development & General Counsel of Enviva Partners GP LLC

    • Tenure: 6.1yrs
  • Thomas Meth (46yo)

    Executive Vice President of Sales & Marketing - Enviva Partners GP LLC

    • Tenure: 6.1yrs
  • John Keppler (48yo)

    Chairman

    • Tenure: 6.1yrs
    • Compensation: US$1.25m
  • Chaminda Wijetilleke

    Vice President of Strategy & Integration - Enviva Partners GP LLC

    • Tenure: 1.9yrs
  • Jim Geraghty (41yo)

    Vice President of Operations Finance - Enviva Partners GP LLC

    • Tenure: 1.9yrs
  • E. Smith (46yo)

    Executive Vice President of Operations - Enviva Partners GP LLC

    • Tenure: 3.3yrs
    • Compensation: US$1.02m
  • Ray Kaszuba (40yo)

    Senior VP of Finance & Treasurer - Enviva Partners GP LLC

    • Tenure: 4.4yrs
  • Jennifer Jenkins

    Vice President & Chief Sustainability Officer

    • Tenure: 2.3yrs
  • Nic Lane (38yo)

    Executive Vice President of Human Capital - Enviva Partners GP LLC

    • Tenure: 1.8yrs

Board Members

  • Bill Reilly (79yo)

    Independent Director of Enviva Partners GP LLC

    • Tenure: 4.7yrs
    • Compensation: US$210.78k
  • John Bumgarner (77yo)

    Independent Director of Enviva Partners GP LLC

    • Tenure: 4.7yrs
    • Compensation: US$219.78k
  • Jim Derryberry (74yo)

    Director of Enviva Partners GP LLC

    • Tenure: 1.9yrs
  • Gary Whitlock (69yo)

    Independent Director of Enviva Partners GP LLC

    • Tenure: 3.7yrs
    • Compensation: US$201.78k
  • Ralph Alexander (64yo)

    Director of Enviva Partners GP LLC

    • Tenure: 6.1yrs
  • Chris Hunt (55yo)

    Director of Enviva Partners GP LLC

    • Tenure: 3.7yrs
  • Robin J. Duggan (53yo)

    Director of Enviva Partners GP LLC

    • Tenure: 6.1yrs
  • Carl Williams (43yo)

    Director of Enviva Partners GP LLC

    • Tenure: 6.1yrs
  • John Keppler (48yo)

    Chairman

    • Tenure: 6.1yrs
    • Compensation: US$1.25m
  • Janet Wong (61yo)

    Independent Director of Enviva Partners GP LLC

    • Tenure: 4.7yrs
    • Compensation: US$216.78k

Company Information

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


Key Information

  • Name: Enviva Partners, LP
  • Ticker: EVA
  • Exchange: NYSE
  • Founded: 2013
  • Industry: Coal and Consumable Fuels
  • Sector: Energy
  • Market Cap: US$1.163b
  • Shares outstanding: 33.46m
  • Website: https://www.envivabiomass.com

Number of Employees


Location

  • Enviva Partners, LP
  • 7200 Wisconsin Avenue
  • Suite 1000
  • Bethesda
  • Maryland
  • 20814
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
EVANYSE (New York Stock Exchange)YesCommon UnitsUSUSDApr 2015
2NVDB (Deutsche Boerse AG)YesCommon UnitsDEEURApr 2015

Biography

Enviva Partners, LP produces and supplies utility-grade wood pellets. It serves utilities and large-scale power generators in the United Kingdom and other European markets. Enviva Partners GP, LLC operates ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/12/07 00:36
End of Day Share Price2019/12/06 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.