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GasLog Partners

NYSE:GLOP
Snowflake Description

Fair value with limited growth.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GLOP
NYSE
$925M
Market Cap
  1. Home
  2. US
  3. Energy
Company description

GasLog Partners LP owns, operates, and acquires liquefied natural gas (LNG) carriers under multi-year charters. The last earnings update was 54 days ago. More info.


Add to Portfolio Compare Print
  • GasLog Partners is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
GLOP Share Price and Events
7 Day Returns
-9.9%
NYSE:GLOP
-0.8%
US Oil and Gas
-0.3%
US Market
1 Year Returns
-18.4%
NYSE:GLOP
-7.1%
US Oil and Gas
7%
US Market
GLOP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
GasLog Partners (GLOP) -9.9% -10.5% -6.8% -18.4% 1.7% -
US Oil and Gas -0.8% 0.4% 4.9% -7.1% 2.9% -27.2%
US Market -0.3% 2.2% 8.5% 7% 37.7% 46.8%
1 Year Return vs Industry and Market
  • GLOP underperformed the Oil and Gas industry which returned -7.1% over the past year.
  • GLOP underperformed the Market in United States of America which returned 7% over the past year.
Price Volatility
GLOP
Industry
5yr Volatility vs Market

GLOP Value

 Is GasLog 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 GasLog 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 GasLog Partners.

NYSE:GLOP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 10 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 11.8%
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 NYSE:GLOP
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 0.93
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.933 (1 + (1- 33%) (133.48%))
1.514
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.51
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.514 * 5.96%)
11.75%

Discounted Cash Flow Calculation for NYSE:GLOP using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for GasLog 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.

NYSE:GLOP DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 11.75%)
2019 295.00 Analyst x2 263.97
2020 292.50 Analyst x2 234.21
2021 131.07 Analyst x2 93.91
2022 62.17 Est @ -52.57% 39.86
2023 39.80 Est @ -35.98% 22.83
2024 30.10 Est @ -24.37% 15.45
2025 25.21 Est @ -16.24% 11.58
2026 22.55 Est @ -10.55% 9.27
2027 21.07 Est @ -6.56% 7.75
2028 20.28 Est @ -3.78% 6.67
Present value of next 10 years cash flows $705.52
NYSE:GLOP DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $20.28 × (1 + 2.73%) ÷ (11.75% – 2.73%)
$230.85
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $230.85 ÷ (1 + 11.75%)10
$75.98
NYSE:GLOP Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $705.52 + $75.98
$781.50
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $781.50 / 46.38
$16.85
NYSE:GLOP Discount to Share Price
Calculation Result
Value per share (USD) From above. $16.85
Current discount Discount to share price of $19.95
= -1 x ($19.95 - $16.85) / $16.85
-18.4%

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

  • The current share price of GasLog 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 GasLog Partners's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are GasLog Partners's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:GLOP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $1.67
NYSE:GLOP Share Price ** NYSE (2019-04-18) in USD $19.95
United States of America Oil and Gas Industry PE Ratio Median Figure of 107 Publicly-Listed Oil and Gas Companies 13.18x
United States of America Market PE Ratio Median Figure of 3,081 Publicly-Listed Companies 18.17x

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

** Primary Listing of GasLog Partners.

NYSE:GLOP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:GLOP Share Price ÷ EPS (both in USD)

= 19.95 ÷ 1.67

11.94x

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

  • GasLog Partners is good value based on earnings compared to the US Oil and Gas industry average.
  • GasLog Partners is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does GasLog Partners's expected growth come at a high price?
Raw Data
NYSE:GLOP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.94x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts
9.9%per year
United States of America Oil and Gas Industry PEG Ratio Median Figure of 77 Publicly-Listed Oil and Gas Companies 0.59x
United States of America Market PEG Ratio Median Figure of 2,109 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

NYSE:GLOP PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.94x ÷ 9.9%

1.2x

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

  • GasLog Partners is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on GasLog Partners's assets?
Raw Data
NYSE:GLOP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $17.93
NYSE:GLOP Share Price * NYSE (2019-04-18) in USD $19.95
United States of America Oil and Gas Industry PB Ratio Median Figure of 191 Publicly-Listed Oil and Gas Companies 1.13x
United States of America Market PB Ratio Median Figure of 5,182 Publicly-Listed Companies 1.91x
NYSE:GLOP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:GLOP Share Price ÷ Book Value per Share (both in USD)

= 19.95 ÷ 17.93

1.11x

* Primary Listing of GasLog Partners.

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

  • GasLog Partners is good value based on assets compared to the US Oil and Gas industry average.
X
Value checks
We assess GasLog 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. GasLog Partners has a total score of 3/6, 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.

GLOP Future Performance

 How is GasLog Partners expected to perform in the next 1 to 3 years based on estimates from 10 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
9.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is GasLog Partners expected to grow at an attractive rate?
  • GasLog Partners's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • GasLog Partners's earnings growth is positive but not above the United States of America market average.
  • GasLog Partners's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:GLOP Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:GLOP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts 9.9%
NYSE:GLOP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts 8.4%
United States of America Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 10.4%
United States of America Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 5.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.4%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7%

*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
NYSE:GLOP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:GLOP Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 510 251 142 1
2021-12-31 467 206 95 2
2020-12-31 397 211 98 5
2019-12-31 371 203 87 5
NYSE:GLOP Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 356 185 77
2018-09-30 299 178 87
2018-06-30 303 184 87
2018-03-31 311 175 88
2017-12-31 371 243 83
2017-09-30 352 198 81
2017-06-30 332 200 78
2017-03-31 311 191 77
2017-01-01 317 205 72
2016-09-30 263 175 70
2016-06-30 248 163 70
2016-03-31 232 140 66

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • GasLog Partners's earnings are expected to grow by 9.9% yearly, however this is not considered high growth (20% yearly).
  • GasLog Partners's revenue is expected to grow by 8.4% yearly, however this is not considered high growth (20% yearly).
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
NYSE:GLOP 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 10 Analyst Estimates (S&P Global) See Below

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

NYSE:GLOP Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 2.09 2.09 2.09 1.00
2021-12-31 1.71 2.06 1.52 3.00
2020-12-31 2.03 2.27 1.65 5.00
2019-12-31 1.92 2.03 1.84 4.00
NYSE:GLOP Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 1.67
2018-09-30 1.94
2018-06-30 1.87
2018-03-31 1.92
2017-12-31 1.77
2017-09-30 1.89
2017-06-30 2.00
2017-03-31 2.06
2017-01-01 2.17
2016-09-30 2.13
2016-06-30 2.16
2016-03-31 2.15

*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.
  • GasLog Partners is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess GasLog 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.
GasLog Partners has a total score of 2/6, 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.

GLOP Past Performance

  How has GasLog 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 GasLog 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.
  • GasLog Partners has delivered over 20% year on year earnings growth in the past 5 years.
  • GasLog Partners's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • GasLog 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
GasLog 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 GasLog Partners Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:GLOP Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 356.24 77.48 19.37
2018-09-30 298.83 87.44 17.52
2018-06-30 302.87 87.27 16.81
2018-03-31 311.34 87.53 15.70
2017-12-31 371.15 83.16 15.31
2017-09-30 352.19 81.10 14.47
2017-06-30 331.87 77.88 13.62
2017-03-31 310.69 76.90 13.18
2017-01-01 317.49 72.48 13.21
2016-09-30 262.84 69.67 12.44
2016-06-30 248.26 69.66 12.71
2016-03-31 232.08 65.55 12.24
2016-01-01 248.50 62.64 11.80
2015-09-30 199.18 44.81 10.40
2015-06-30 198.85 36.23 9.32
2015-03-31 185.66 27.44 8.02
2015-01-01 184.22 14.54 6.94
2014-09-30 127.92 13.40 4.73
2014-06-30 98.01 3.82 2.83
2014-03-31 74.02 0.00 1.79
2013-12-31 64.14 0.00 1.52
2013-09-30 42.94 0.22 0.90
2013-06-30 21.73 0.44 0.26
2013-03-31 10.87 -0.21 0.15
2012-12-31 0.00 0.03

*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.
  • GasLog Partners has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • GasLog Partners used its assets less efficiently than the US Oil and Gas industry average last year based on Return on Assets.
  • GasLog Partners's use of capital has not improved over the past 3 years (Return on Capital Employed).
X
Past performance checks
We assess GasLog 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.
GasLog Partners has a total score of 1/6, 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.

GLOP Health

 How is GasLog 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 GasLog Partners's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • GasLog Partners's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • GasLog Partners's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of GasLog 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.
  • Debt is not covered by short term assets, assets are 0.1x debt.
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 GasLog Partners Company Filings, last reported 3 months ago.

NYSE:GLOP Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,179.66 1,235.00 143.74
2018-09-30 1,111.08 1,156.60 178.75
2018-06-30 1,058.27 1,184.44 151.61
2018-03-31 1,026.05 1,053.83 152.54
2017-12-31 1,065.71 1,400.40 150.03
2017-09-30 898.56 1,050.29 192.56
2017-06-30 859.61 923.42 209.14
2017-03-31 723.58 801.89 129.38
2017-01-01 919.68 1,565.77 71.67
2016-09-30 635.76 702.50 109.72
2016-06-30 580.47 716.77 59.70
2016-03-31 578.71 726.86 55.35
2016-01-01 742.64 999.05 68.24
2015-09-30 573.56 771.35 78.20
2015-06-30 587.78 462.08 218.62
2015-03-31 410.32 467.79 46.56
2015-01-01 610.31 929.11 72.33
2014-09-30 413.18 510.15 79.76
2014-06-30 288.34 299.63 55.72
2014-03-31 156.17 390.85 15.90
2013-12-31 156.17 390.85 15.90
2013-09-30
2013-06-30 149.53 401.77 11.52
2013-03-31 106.63 11.43 0.00
2012-12-31 106.63 11.43 0.00
  • GasLog Partners's level of debt (104.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (250.3% vs 104.7% today).
  • Debt is not well covered by operating cash flow (15%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.9x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess GasLog 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. GasLog Partners has a total score of 1/6, 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.

GLOP Dividends

 What is GasLog 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
11.03%
Current annual income from GasLog Partners dividends. Estimated to be 11.37% next year.
If you bought $2,000 of GasLog Partners shares you are expected to receive $221 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?
  • GasLog Partners's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.39%).
  • GasLog Partners's dividend is above the markets top 25% of dividend payers in United States of America (3.62%).
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
NYSE:GLOP 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 10 Analyst Estimates (S&P Global) See Below
United States of America Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 65 Stocks 3.5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2009 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 3.6%

Industry and Market average data is calculated daily.

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

NYSE:GLOP Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 2.52 1.00
2021-12-31 2.30 7.00
2020-12-31 2.27 10.00
2019-12-31 2.22 10.00
NYSE:GLOP Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-02-26 2.200 9.894
2019-01-30 2.200 9.740
2018-10-25 2.120 9.573
2018-07-26 2.120 8.548
2018-04-27 2.120 8.824
2018-02-12 2.094 8.883
2018-01-31 2.094 8.866
2017-10-26 2.070 8.785
2017-07-27 2.040 8.771
2017-04-27 2.000 8.608
2017-01-27 1.960 8.293
2016-10-27 1.912 9.279
2016-07-28 1.912 9.425
2016-04-28 1.912 9.895
2016-02-12 1.912 11.723
2016-01-28 1.912 13.941
2015-10-29 1.912 13.143
2015-07-30 1.738 9.660
2015-04-30 1.738 7.328
2015-02-17 1.738 6.846
2015-01-29 1.738 7.120
2014-10-30 1.500 6.068
2014-08-01 1.500 4.972
2014-05-07 0.000 0.000

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

  • Whilst dividend payments have been stable, GasLog Partners has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but GasLog Partners only paid a dividend in the past 5 years.
Current Payout to shareholders
What portion of GasLog Partners's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (0.8x coverage).
X
Income/ dividend checks
We assess GasLog 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 GasLog Partners afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. GasLog 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.

GLOP Management

 What is the CEO of GasLog 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
Andy Orekar
AGE 41
TENURE AS CEO 4.9 years
CEO Bio

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 has been Director since May 2016. During his 15-year career at Goldman, Sachs & Co., Mr. Orekar served as the Managing Director and Global Head of Chemicals and Agriculture Investment Banking, where he advised multinational companies on strategy and portfolio composition, mergers and acquisitions, corporate finance and capital markets transactions. Mr. Orekar joined Goldman Sachs in 1998 and held positions of increasing responsibility prior to becoming a Managing Director in 2009. Mr. Orekar received B.S. (Wharton School, Finance) and B.A. (English) degrees from the University of Pennsylvania in 1998.

CEO Compensation
  • Insufficient data for Andy to compare compensation growth.
  • Insufficient data for Andy to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

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

2.1
Average Tenure
57
Average Age
  • The tenure for the GasLog Partners management team is about average.
Management Team

Curt Anastasio

TITLE
Executive Chairman
AGE
61

Andy Orekar

TITLE
CEO & Director
AGE
41
TENURE
4.9 yrs

Alastair Maxwell

TITLE
Chief Financial Officer
AGE
54
TENURE
2.1 yrs

Richard Sadler

TITLE
Chief Operating Officer
AGE
60
TENURE
1.6 yrs

Phil Corbett

TITLE
Head of Investor Relations

Joseph Nelson

TITLE
Deputy Head of Investor Relations
Board of Directors Tenure

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

4.5
Average Tenure
61
Average Age
  • The tenure for the GasLog Partners board of directors is about average.
Board of Directors

Curt Anastasio

TITLE
Executive Chairman
AGE
61
TENURE
2.9 yrs

Andy Orekar

TITLE
CEO & Director
AGE
41
TENURE
2.9 yrs

Daniel Bradshaw

TITLE
Independent Director
AGE
71
TENURE
4.9 yrs

Barry Allardice

TITLE
Independent Director
AGE
70
TENURE
4.5 yrs

Pamela Gibson

TITLE
Independent Director
AGE
65
TENURE
4.9 yrs

Peter Livanos

TITLE
Director
AGE
60
TENURE
4.9 yrs

Michael Gialouris

TITLE
Independent Director
AGE
54
TENURE
0.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
27. Apr 18 Buy GasLog Ltd. Company 26. Apr 18 26. Apr 18 1,858,975 $111.35 $206,999,999
X
Management checks
We assess GasLog 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. GasLog 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.

GLOP News

Simply Wall St News

Is GasLog Partners LP (NYSE:GLOP) Attractive At Its Current PE Ratio?

GasLog Partners LP (NYSE:GLOP) is trading with a trailing P/E of 13.3, which is higher than the industry average of 12.4. … Although some investors may see this as unappealing, it is important to understand the assumptions behind the P/E ratio before making judgments. … I will deconstruct the P/E ratio and highlight what you need to be careful of when using the P/E ratio

Simply Wall St -

Why GasLog Partners LP (NYSE:GLOP) May Not Be As Efficient As Its Industry

The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market. … and want to better understand how you can grow your money by investing in GasLog Partners LP (NYSE:GLOP). … GasLog Partners LP (NYSE:GLOP) delivered an ROE of 11.20% over the past 12 months, which is relatively in-line with its industry average of 11.31% during the same period.

Simply Wall St -

Is There Now An Opportunity In GasLog Partners LP (NYSE:GLOP)?

GasLog Partners LP (NYSE:GLOP), an energy company based in Monaco, had a relatively subdued couple of weeks in terms of changes in share price, which continued to float around the range of $22.55 to $24.6. … I find that GasLog Partners’s ratio of 13.44x is trading slightly below its industry peers’ ratio of 14.14x, which means if you buy GasLog Partners today, you’d be paying a fair price for it. … And if you believe GasLog Partners should be trading in this range, then there isn’t much room for the share price grow beyond what it’s currently trading.

Simply Wall St -

What Investors Should Know About GasLog Partners LP's (NYSE:GLOP) Financial Strength

On top of this, GLOP has produced US$180.13M in operating cash flow during the same period of time, resulting in an operating cash to total debt ratio of 15.58%, signalling that GLOP’s current level of operating cash is not high enough to cover debt. … In GLOP's case, the ratio of 3.51x suggests that interest is appropriately covered, which means that lenders may be inclined to lend more money to the company, as it is seen as safe in terms of payback.Next Steps: GLOP’s debt and cash flow levels indicate room for improvement. … Its cash flow coverage of less than a quarter of debt means that operating efficiency could be an issue.

Simply Wall St -

Has GasLog Partners LP (NYSE:GLOP) Improved Earnings Growth In Recent Times?

When GasLog Partners LP (NYSE:GLOP) announced its most recent earnings (31 December 2017), I compared it against two factor: its historical earnings track record, and the performance of its industry peers on average. … Check out our latest analysis for GasLog Partners Did GLOP's recent earnings growth beat the long-term trend and the industry? … Since these values are fairly nearsighted, I’ve computed an annualized five-year figure for GasLog Partners's earnings, which stands at US$36.28M This means on average, GasLog Partners has been able to gradually raise its earnings over the past few years as well.

Simply Wall St -

Why You Should Be Bullish On GasLog Partners LP (NYSE:GLOP)

GLOP has managed its cash well at a current level of US$143.12M. … With an upcoming 2018 free cash flow figure of -US$23.00M, the target price for GLOP is US$58.72. … But, comparing GLOP's current share price to its peers based on its industry and earnings level, it's trading at a fair value, with a PE ratio of 13.85x vs.

Simply Wall St -

Will GasLog Partners LP's (NYSE:GLOP) Earnings Grow In Next 12 Months?

Since GasLog Partners LP (NYSE:GLOP) released its earnings in December 2017, analyst forecasts seem bearish, with profits predicted to drop by -2.12% next year against the past 5-year average growth rate of 52.37%. … To reduce the year-on-year volatility of analyst earnings forecast, I've inserted a line of best fit through the expected earnings figures to determine the annual growth rate from the slope of the line. … NYSE:GLOP Future Profit Mar 6th 18 By 2021, GLOP's earnings should reach US$79.07M, from current levels of US$83.16M, resulting in an annual growth rate of 5.01%.

Simply Wall St -

Is GasLog Partners LP (NYSE:GLOP) Undervalued?

Let’s take a look at GasLog 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, GasLog Partners’s share price is quite volatile, which gives us more chances to buy since the share price could sink lower (or rise higher) in the future. … Its prosperous future outlook isn’t fully reflected in the current share price yet, which means it’s not too late to buy GasLog Partners.

Simply Wall St -

How Did GasLog Partners LP's (NYSE:GLOP) 13.77% ROE Fare Against The Industry?

Check out our latest analysis for GasLog Partners Peeling the layers of ROE – trisecting a company’s profitability Return on Equity (ROE) is a measure of GasLog Partners’s profit relative to its shareholders’ equity. … Given a positive discrepancy of 1.31% between return and cost, this indicates that GasLog Partners pays less for its capital than what it generates in return, which is a sign of capital efficiency. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity NYSE:GLOP Last Perf Jan 12th 18 Basically, profit margin measures how much of revenue trickles down into earnings which illustrates how efficient the business is with its cost management.

Simply Wall St -

Is It Time To Buy GasLog Partners LP (NYSE:GLOP) Based Off Its PE Ratio?

By comparing a stock’s price per share to its earnings per share, we are able to see how much investors are paying for each dollar of the company’s earnings. … Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for GLOP Price per share = $24.75 Earnings per share = $1.887 ∴ Price-Earnings Ratio = $24.75 ÷ $1.887 = 13.1x 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 GLOP, then GLOP’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 -

GLOP Company Info

Description

GasLog Partners LP owns, operates, and acquires liquefied natural gas (LNG) carriers under multi-year charters. As of February 26, 2019, its fleet consists of 14 LNG carriers with an average carrying capacity of approximately 157,000 cubic meters. The company was founded in 2014 and is based in Monaco.

Details
Name: GasLog Partners LP
GLOP
Exchange: NYSE
Founded: 2014
$925,211,673
46,376,525
Website: http://www.gaslogmlp.com
Address: GasLog Partners LP
Gildo Pastor Center,
7 Rue du Gabian,
Monaco,
98000,
Monaco
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE GLOP Common Units New York Stock Exchange US USD 07. May 2014
DB 03G Common Units Deutsche Boerse AG DE EUR 07. May 2014
NYSE GLOP.PRC 8.5 CUM PFD UT C New York Stock Exchange US USD 08. Nov 2018
NYSE GLOP.PRB 8.20% PFD UNIT B New York Stock Exchange US USD 10. Jan 2018
Number of employees
Current staff
Staff numbers
0
GasLog Partners employees.
Industry
Oil and Gas Storage and Transportation
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/21 00:38
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/18
Last earnings filing: 2019/02/26
Last earnings reported: 2018/12/31
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.