AMEX:CQP

Stock Analysis Report

Cheniere Energy Partners

Executive Summary

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.

Rewards


Snowflake Analysis


Similar Companies

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-1.1%

CQP

-1.0%

US Oil and Gas

-1.4%

US Market


1 Year Return

5.4%

CQP

-13.4%

US Oil and Gas

14.5%

US Market

Return vs Industry: CQP exceeded the US Oil and Gas industry which returned -13.4% over the past year.

Return vs Market: CQP underperformed the US Market which returned 14.5% over the past year.


Shareholder returns

CQPIndustryMarket
7 Day-1.1%-1.0%-1.4%
30 Day-9.5%-5.2%1.3%
90 Day-10.6%-0.6%4.6%
1 Year11.5%5.4%-10.2%-13.4%17.1%14.5%
3 Year59.7%33.5%-13.3%-21.2%45.1%35.7%
5 Year89.7%40.5%-10.9%-24.2%67.1%48.6%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Cheniere Energy 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: CQP ($39.34) is trading below our estimate of fair value ($196.04)

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 (18.4x) compared to the Oil and Gas industry average (9.9x).

PE vs Market: CQP is poor value based on its PE Ratio (18.4x) compared to the US market (18.2x).


Price to Earnings Growth Ratio

PEG Ratio: CQP is poor value based on its PEG Ratio (1.6x)


Price to Book Ratio

PB vs Industry: CQP is overvalued based on its PB Ratio (29x) compared to the US Oil and Gas industry average (0.8x).

Future Growth

How is Cheniere Energy Partners forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

11.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CQP's forecast earnings growth (11.6% per year) is above the savings rate (1.7%).

Earnings vs Market: CQP's earnings (11.6% per year) are forecast to grow slower than the US market (14.2% per year).

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

Revenue vs Market: CQP's revenue (6.5% per year) is forecast to grow slower than the US market (7.4% per year).

High Growth Revenue: CQP's revenue (6.5% 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 (44.7%).

Past Performance

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

71.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CQP has high quality earnings.

Growing Profit Margin: CQP's current net profit margins (15.2%) are lower than last year (20.6%).


Past Earnings Growth Analysis

Earnings Trend: CQP has become profitable over the past 5 years, growing earnings by 71.7% 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 (-16.8%) over the past year, making it difficult to compare to the Oil and Gas industry average (-15.6%).


Return on Equity

High ROE: Whilst CQP's Return on Equity (182.09%) is outstanding, this metric is skewed due to their high level of debt.


Return on Assets


Return on Capital Employed

Financial Health

How is Cheniere Energy Partners's financial position?


Financial Position Analysis

Short Term Liabilities: CQP's short term assets ($2.6B) exceed its short term liabilities ($918.0M).

Long Term Liabilities: CQP's short term assets ($2.6B) do not cover its long term liabilities ($17.7B).


Debt to Equity History and Analysis

Debt Level: CQP's debt to equity ratio (2968.1%) is considered high.

Reducing Debt: CQP's debt to equity ratio has increased from 735.1% to 2968.1% over the past 5 years.

Debt Coverage: CQP's debt is not well covered by operating cash flow (9%).

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


Balance Sheet

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

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

Dividend

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

6.30%

Current Dividend Yield


Dividend Yield vs Market

company6.3%marketbottom25%1.4%markettop25%3.7%industryaverage4.2%forecastin3Years6.7%

Current dividend yield vs market & industry

Notable Dividend: CQP's dividend (6.3%) is higher than the bottom 25% of dividend payers in the US market (1.43%).

High Dividend: CQP's dividend (6.3%) is in the top 25% of dividend payers in the US market (3.71%)


Stability and Growth of Payments

Stable Dividend: CQP's dividend payments have been volatile 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 (112.9%), CQP's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CQP's dividends in 3 years are not forecast to be well covered by earnings (98.8% payout ratio).

Management

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

3.6yrs

Average management tenure


CEO

Jack Fusco (57yo)

3.6yrs

Tenure

0

Mr. Jack A. Fusco has been the Chief Executive Officer and President at Cheniere Energy, Inc. and Cheniere Energy Partners LP Holdings, LLC since May 12, 2016. He serves as the Chief Executive Officer of S ...


Management Age and Tenure

3.6yrs

Average Tenure

50.5yo

Average Age

Experienced Management: CQP's management team is considered experienced (3.6 years average tenure).


Board Age and Tenure

6.2yrs

Average Tenure

60yo

Average Age

Experienced Board: CQP's board of directors are considered experienced (6.2 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.


Ownership Breakdown

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


Management Team

  • Jack Fusco (57yo)

    Chairman

    • Tenure: 3.6yrs
  • Len Travis (56yo)

    VP & Chief Accounting Officer of Cheniere Energy Partners GP LLC

    • Tenure: 0yrs
  • Michael Wortley (43yo)

    Executive VP

    • Tenure: 5.9yrs
  • Randy Bhatia

    Vice President of Investor Relations - Cheniere Energy Partners GP LLC

    • Tenure: 0yrs
  • Sean Markowitz (45yo)

    General Counsel & Corporate Secretary of Cheniere Energy Partners GP LLC

    • Tenure: 0yrs
  • Tom Bullis

    Executive VP & Chief Administrative Officer of Cheniere Energy Partners GP LLC

    • Tenure: 0yrs
  • Eben Burnham-Snyder

    Vice President of Communications - Cheniere Energy Partners GP LLC

    • Tenure: 0yrs
  • Michael Dove

    VP & Chief Information Officer of Cheniere Energy Partners GP LLC

    • Tenure: 0yrs
  • Deanna Newcomb

    Chief Compliance & Ethics Officer and VP of Internal Audit - Cheniere Energy Partners GP LLC

    • Tenure: 0yrs
  • Aaron Stephenson

    Senior VP of Operations & Director of Cheniere Energy Partners GP LLC

    • Tenure: 0.08yrs

Board Members

  • Rick Richard (66yo)

    Director of Cheniere Energy Partners GP LLC

    • Tenure: 7.3yrs
    • Compensation: US$203.42k
  • Jack Fusco (57yo)

    Chairman

    • Tenure: 3.6yrs
  • Lon McCain (71yo)

    Director of Cheniere Energy Partners GP LLC

    • Tenure: 12.8yrs
    • Compensation: US$207.59k
  • Vincent Pagano (69yo)

    Director of Cheniere Energy Partners GP LLC

    • Tenure: 7yrs
    • Compensation: US$208.29k
  • JP Munfa (37yo)

    Director of Cheniere Energy Partners GP LLC

    • Tenure: 4.8yrs
  • Michael Wortley (43yo)

    Executive VP

    • Tenure: 5.9yrs
  • Philip Meier (60yo)

    Director of Cheniere Energy Partners GP LLC

    • Tenure: 6.4yrs
  • James Ball (68yo)

    Director of Cheniere Energy Partners GP LLC

    • Tenure: 7yrs
    • Compensation: US$228.42k
  • Eric Bensaude (52yo)

    Director of Cheniere Energy Partners GP LLC

    • Tenure: 3.3yrs
  • Aaron Stephenson

    Senior VP of Operations & Director of Cheniere Energy Partners GP LLC

    • Tenure: 0.08yrs

Company Information

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


Key Information

  • Name: Cheniere Energy Partners, L.P.
  • Ticker: CQP
  • Exchange: AMEX
  • Founded: 2006
  • Industry: Oil and Gas Storage and Transportation
  • Sector: Energy
  • Implied Market Cap: US$19.094b
  • Market Cap: US$18.712b
  • Shares outstanding: 493.89m
  • Website: https://www.cheniere.com/about-us/cheniere-partners/

Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CQPAMEX (NYSE MKT LLC)YesCommon UnitsUSUSDMar 2007
C64DB (Deutsche Boerse AG)YesCommon UnitsDEEURMar 2007
0S1FLSE (London Stock Exchange)YesCommon UnitsGBUSDMar 2007

Biography

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 Sab ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/12/05 00:13
End of Day Share Price2019/12/04 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.