NYSE:GLOP

Stock Analysis Report

Executive Summary

GasLog Partners LP owns, operates, and acquires liquefied natural gas (LNG) carriers under multi-year charters.

Rewards


Snowflake Analysis


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: GLOP's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

38.8%

GLOP

17.5%

US Oil and Gas

12.5%

US Market


1 Year Return

-89.7%

GLOP

-57.2%

US Oil and Gas

-12.7%

US Market

Return vs Industry: GLOP underperformed the US Oil and Gas industry which returned -57.2% over the past year.

Return vs Market: GLOP underperformed the US Market which returned -12.7% over the past year.


Shareholder returns

GLOPIndustryMarket
7 Day38.8%17.5%12.5%
30 Day-37.7%-36.4%-14.7%
90 Day-84.9%-52.2%-21.5%
1 Year-87.5%-89.7%-55.5%-57.2%-10.9%-12.7%
3 Year-85.7%-90.1%-52.3%-56.9%12.6%5.4%
5 Year-84.0%-90.9%-55.6%-62.5%31.9%17.5%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is GasLog 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: GLOP ($2.36) is trading below our estimate of fair value ($17.28)

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


Price To Earnings Ratio

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

PE vs Market: GLOP 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 GLOP's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: GLOP is good value based on its PB Ratio (0.2x) compared to the US Oil and Gas industry average (0.5x).

Future Growth

How is GasLog Partners forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

55.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

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

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

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

Revenue vs Market: GLOP's revenue is expected to decline over the next 3 years (-8.4% per year).

High Growth Revenue: GLOP's revenue is forecast to decline over the next 3 years (-8.4% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: GLOP's Return on Equity is forecast to be low in 3 years time (6.7%).

Past Performance

How has GasLog Partners performed over the past 5 years?

1.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GLOP is currently unprofitable.

Growing Profit Margin: GLOP is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: GLOP is unprofitable, but has reduced losses over the past 5 years at a rate of 1.2% per year.

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

Earnings vs Industry: GLOP is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-11.4%).


Return on Equity

High ROE: GLOP has a negative Return on Equity (-3.6%), as it is currently unprofitable.

Financial Health

How is GasLog Partners's financial position?


Financial Position Analysis

Short Term Liabilities: GLOP's short term assets ($109.4M) do not cover its short term liabilities ($186.7M).

Long Term Liabilities: GLOP's short term assets ($109.4M) do not cover its long term liabilities ($1.2B).


Debt to Equity History and Analysis

Debt Level: GLOP's debt to equity ratio (139.3%) is considered high.

Reducing Debt: GLOP's debt to equity ratio has reduced from 152.2% to 139.3% over the past 5 years.


Balance Sheet

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

Debt Coverage by Assets: GLOP's debt is not covered by short term assets (assets are 0.1x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: GLOP has been profitable on average in the past, therefore cash runway is not a concern.

Forecast Cash Runway: GLOP has been profitable on average in the past, therefore cash runway is not a concern.

Dividend

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

95.08%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: GLOP's dividend (95.08%) is higher than the bottom 25% of dividend payers in the US market (1.98%).

High Dividend: GLOP's dividend (95.08%) is in the top 25% of dividend payers in the US market (5.49%)


Stability and Growth of Payments

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

Growing Dividend: GLOP's dividend payments have increased, but the company has only paid a dividend for 6 years.


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: GLOP's dividends in 3 years are forecast to be covered by earnings (72.5% payout ratio).

Management

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

3.4yrs

Average management tenure


CEO

Andy Orekar (42yo)

5.83s

Tenure

Mr. Andrew J. Orekar, also known as Andy, has been Director of Tortoise Acquisition Corp. since February 27, 2019. He has been the Chief Executive Officer of GasLog Partners LP since May 12, 2014 and its h ...


Leadership Team

NamePositionTenureCompensationOwnership
Curtis Anastasio
Executive Chairman3.83yrsno datano data
Andrew Orekar
CEO & Director5.83yrsno datano data
Alastair Maxwell
Chief Financial Officer3yrsno datano data
Paolo Enoizi
Chief Operating Officer0.50yrno datano data
Phil Corbett
Head of Investor Relationsno datano datano data
Nicola Lloyd
General Counselno datano datano data
Joseph Nelson
Deputy Head of Investor Relationsno datano datano data

3.4yrs

Average Tenure

50.5yo

Average Age

Experienced Management: GLOP's management team is considered experienced (3.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Curtis Anastasio
Executive Chairman3.83yrsno datano data
Andrew Orekar
CEO & Director5.83yrsno datano data
Peter Livanos
Director5.83yrsno data1.24% $1.5m
Daniel Bradshaw
Independent Director5.83yrsno datano data
Pamela Gibson
Independent Director5.83yrsno datano data
Robert Allardice
Independent Director5.42yrsno datano data
Michael Gialouris
Independent Director1yrno datano data

5.4yrs

Average Tenure

62yo

Average Age

Experienced Board: GLOP's board of directors are considered experienced (5.4 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 been diluted in the past year, with total shares outstanding growing by 7.8%.


Top Shareholders

Company Information

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


Key Information

  • Name: GasLog Partners LP
  • Ticker: GLOP
  • Exchange: NYSE
  • Founded: 2014
  • Industry: Oil and Gas Storage and Transportation
  • Sector: Energy
  • Market Cap: US$118.425m
  • Shares outstanding: 50.18m
  • Website: https://www.gaslogmlp.com

Location

  • GasLog Partners LP
  • Gildo Pastor Center
  • 7 Rue du Gabian
  • Monaco
  • 98000
  • Monaco

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GLOPNYSE (New York Stock Exchange)YesCommon UnitsUSUSDMay 2014
03GDB (Deutsche Boerse AG)YesCommon UnitsDEEURMay 2014
GLOP.PRBNYSE (New York Stock Exchange)8.20% PFD UNIT BUSUSDJan 2018
GLOP.PRCNYSE (New York Stock Exchange)8.5 CUM PFD UT CUSUSDNov 2018

Biography

GasLog Partners LP owns, operates, and acquires liquefied natural gas (LNG) carriers under multi-year charters. As of October 30, 2019, it operated a fleet of 15 LNG carriers with an average carrying capacity of approximately 158,000 cubic meters. The company was founded in 2014 and is based in Monaco. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/30 04:16
End of Day Share Price2020/03/27 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.