We’ve recently updated our valuation analysis.

Höegh LNG Partners Valuation

Is HMLP undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for HMLP?

Other financial metrics that can be useful for relative valuation.

HMLP key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue5.7x
Enterprise Value/EBITDA8.4x
PEG Ratio10.8x

Price to Earnings Ratio vs Peers

How does HMLP's PE Ratio compare to its peers?

HMLP PE Ratio vs Peers
The above table shows the PE ratio for HMLP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average34x
RNGR Ranger Energy Services
17.6x86.6%US$223.1m
SOI Solaris Oilfield Infrastructure
30.3x61.0%US$435.1m
NESR National Energy Services Reunited
14.3x52.7%US$531.7m
CLB Core Laboratories
73.7x73.0%US$644.4m
HMLP Höegh LNG Partners
6x0.6%US$308.4m

Price-To-Earnings vs Peers: HMLP is good value based on its Price-To-Earnings Ratio (6x) compared to the peer average (34x).


Price to Earnings Ratio vs Industry

How does HMLP's PE Ratio compare vs other companies in the US Energy Services Industry?

Price-To-Earnings vs Industry: HMLP is good value based on its Price-To-Earnings Ratio (6x) compared to the US Energy Services industry average (27.1x)


Price to Earnings Ratio vs Fair Ratio

What is HMLP's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

HMLP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6x
Fair PE Ratio12.1x

Price-To-Earnings vs Fair Ratio: HMLP is good value based on its Price-To-Earnings Ratio (6x) compared to the estimated Fair Price-To-Earnings Ratio (12.1x).


Share Price vs Fair Value

What is the Fair Price of HMLP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: HMLP ($9.24) is trading below our estimate of fair value ($29.57)

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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