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CQP

Cheniere Energy PartnersNYSEAM:CQP Stock Report

Market Cap

US$21.7b

7D

0.8%

1Y

18.3%

Updated

23 Oct, 2021

Data

Company Financials +
CQP fundamental analysis
Snowflake Score
Valuation2/6
Future Growth2/6
Past Performance2/6
Financial Health1/6
Dividends5/6

CQP Overview

Cheniere Energy Partners, L.P., through its subsidiaries, owns and operates regasification facilities at the Sabine Pass liquefied natural gas (LNG) terminal located in Cameron Parish, Louisiana on the Sabine-Neches Waterway.

Cheniere Energy Partners Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Cheniere Energy Partners
Historical stock prices
Current Share PriceUS$43.93
52 Week HighUS$32.73
52 Week LowUS$45.75
Beta1.05
1 Month Change9.22%
3 Month Change5.86%
1 Year Change18.35%
3 Year Change30.59%
5 Year Change61.63%
Change since IPO102.35%

Recent News & Updates

Shareholder Returns

CQPUS Oil and GasUS Market
7D0.8%1.2%1.7%
1Y18.3%88.4%30.3%

Return vs Industry: CQP underperformed the US Oil and Gas industry which returned 88.5% over the past year.

Return vs Market: CQP underperformed the US Market which returned 30.3% over the past year.

Price Volatility

Is CQP's price volatile compared to industry and market?
CQP volatility
CQP Beta1.05
Industry Beta1.74
Market Beta1

Stable Share Price: CQP is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: CQP's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2003n/aJack Fuscohttps://cqpir.cheniere.com

Cheniere Energy Partners, L.P., through its subsidiaries, owns and operates regasification facilities at the Sabine Pass liquefied natural gas (LNG) terminal located in Cameron Parish, Louisiana on the Sabine-Neches Waterway. The company’s regasification facilities include infrastructure of five LNG storage tanks with an aggregate capacity of approximately 17 billion cubic feet equivalent; two marine berths that accommodate vessels with capacity of up to 266,000 cubic meters; and vaporizers with regasification capacity of approximately 4 billion cubic feet per day. It also owns a 94-mile pipeline that interconnects the Sabine Pass LNG terminal with various interstate pipelines.

Cheniere Energy Partners Fundamentals Summary

How do Cheniere Energy Partners's earnings and revenue compare to its market cap?
CQP fundamental statistics
Market CapUS$21.70b
Earnings (TTM)US$950.00m
Revenue (TTM)US$6.83b

22.8x

P/E Ratio

3.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CQP income statement (TTM)
RevenueUS$6.83b
Cost of RevenueUS$4.18b
Gross ProfitUS$2.66b
ExpensesUS$1.71b
EarningsUS$950.00m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.92
Gross Margin38.88%
Net Profit Margin13.91%
Debt/Equity Ratio3,080.4%

How did CQP perform over the long term?

See historical performance and comparison

Dividends

6.1%

Current Dividend Yield

134%

Payout Ratio

Valuation

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

23.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CQP ($43.93) is trading below our estimate of fair value ($57.31)

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


Price To Earnings Ratio

PE vs Industry: CQP is poor value based on its PE Ratio (22.8x) compared to the US Oil and Gas industry average (19.9x).

PE vs Market: CQP is poor value based on its PE Ratio (22.8x) compared to the US market (18.2x).


Price to Earnings Growth Ratio

PEG Ratio: CQP is poor value based on its PEG Ratio (1.8x)


Price to Book Ratio

PB vs Industry: CQP is overvalued based on its PB Ratio (27x) compared to the US Oil and Gas industry average (2x).


Future Growth

How is Cheniere Energy Partners forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?

12.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CQP's forecast earnings growth (12.7% per year) is above the savings rate (2%).

Earnings vs Market: CQP's earnings (12.7% per year) are forecast to grow slower than the US market (14.9% per year).

High Growth Earnings: CQP's earnings are forecast to grow, but not significantly.

Revenue vs Market: CQP's revenue (4.4% per year) is forecast to grow slower than the US market (9.9% per year).

High Growth Revenue: CQP's revenue (4.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CQP's Return on Equity is forecast to be very high in 3 years time (309.9%).


Past Performance

How has Cheniere Energy Partners performed over the past 5 years?

37.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CQP has high quality earnings.

Growing Profit Margin: CQP's current net profit margins (13.9%) are lower than last year (19.7%).


Past Earnings Growth Analysis

Earnings Trend: CQP has become profitable over the past 5 years, growing earnings by 37% per year.

Accelerating Growth: CQP's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CQP had negative earnings growth (-26.6%) over the past year, making it difficult to compare to the Oil and Gas industry average (-18.6%).


Return on Equity

High ROE: Whilst CQP's Return on Equity (189.84%) is outstanding, this metric is skewed due to their high level of debt.


Financial Health

How is Cheniere Energy Partners's financial position?


Financial Position Analysis

Short Term Liabilities: CQP's short term assets ($2.0B) exceed its short term liabilities ($1.5B).

Long Term Liabilities: CQP's short term assets ($2.0B) do not cover its long term liabilities ($17.0B).


Debt to Equity History and Analysis

Debt Level: CQP's debt to equity ratio (3080.4%) is considered high.

Reducing Debt: CQP's debt to equity ratio has increased from 2720% to 3080.4% over the past 5 years.

Debt Coverage: CQP's debt is not well covered by operating cash flow (11.1%).

Interest Coverage: CQP's interest payments on its debt are not well covered by EBIT (2.3x coverage).


Balance Sheet


Dividend

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

6.06%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CQP's dividend (6.06%) is higher than the bottom 25% of dividend payers in the US market (1.29%).

High Dividend: CQP's dividend (6.06%) is in the top 25% of dividend payers in the US market (3.47%)


Stability and Growth of Payments

Stable Dividend: CQP's dividends per share have been stable in the past 10 years.

Growing Dividend: CQP's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (134%), CQP's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CQP's dividends in 3 years are forecast to be covered by earnings (82.4% payout ratio).


Next Steps

Management

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

1.9yrs

Average management tenure


CEO

Jack Fusco (59 yo)

5.42yrs

Tenure

Mr. Jack A. Fusco had been the Chief Executive Officer and President at Cheniere Energy, Inc. and Cheniere Energy Partners LP Holdings, LLC since May 12, 2016 to September 2018. He serves as Chief Executiv...


Leadership Team

Experienced Management: CQP's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.


Board Members

Experienced Board: CQP's board of directors are considered experienced (5.1 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Cheniere Energy Partners, L.P.'s employee growth, exchange listings and data sources


Key Information

  • Name: Cheniere Energy Partners, L.P.
  • Ticker: CQP
  • Exchange: NYSEAM
  • Founded: 2003
  • Industry: Oil and Gas Storage and Transportation
  • Sector: Energy
  • Implied Market Cap: US$21.697b
  • Market Cap: US$21.263b
  • Shares outstanding: 493.90m
  • Website: https://cqpir.cheniere.com

Location

  • Cheniere Energy Partners, L.P.
  • 700 Milam Street
  • Suite 1900
  • Houston
  • Texas
  • 77002
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/23 22:12
End of Day Share Price2021/10/22 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.