Cheniere Energy Partners, L.P.

NYSEAM:CQP Stock Report

Mkt Cap: US$26.3b

We’ve recently updated our valuation analysis.

Cheniere Energy Partners Valuation

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

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales 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 CQP?

Other financial metrics that can be useful for relative valuation.

CQP 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/Revenue2.7x
Enterprise Value/EBITDA21.4x
PEG Ration/a

Price to Sales Ratio vs Peers

How does CQP's PS Ratio compare to its peers?

The above table shows the PS ratio for CQP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average1.5x
OKE ONEOK
1.4x-5.1%US$30.9b
ET Energy Transfer
0.5x-0.5%US$40.6b
TRGP Targa Resources
0.8x-4.8%US$17.0b
WMB Williams Companies
3.3x0.5%US$38.3b
CQP Cheniere Energy Partners
1.7x-12.3%US$26.3b

Price-To-Sales vs Peers: CQP is expensive based on its Price-To-Sales Ratio (1.7x) compared to the peer average (1.5x).


Price to Earnings Ratio vs Industry

How does CQP's PE Ratio compare vs other companies in the US Oil and Gas Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a-11.4%
n/an/an/a

Price-To-Sales vs Industry: CQP is expensive based on its Price-To-Sales Ratio (1.7x) compared to the US Oil and Gas industry average (1.5x)


Price to Sales Ratio vs Fair Ratio

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

CQP PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.7x
Fair PS Ratio0.5x

Price-To-Sales vs Fair Ratio: CQP is expensive based on its Price-To-Sales Ratio (1.7x) compared to the estimated Fair Price-To-Sales Ratio (0.5x).


Share Price vs Fair Value

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

Below Fair Value: CQP ($54.33) is trading above our estimate of fair value ($50.21)

Significantly Below Fair Value: CQP is trading above our estimate of fair value.


Analyst Price Targets

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

The above table shows the analyst CQP forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$54.94
US$52.80
-3.9%
7.9%US$62.00US$44.00n/a15
Jan ’24US$56.87
US$53.07
-6.7%
7.1%US$62.00US$47.00n/a15
Dec ’23US$59.20
US$53.50
-9.6%
6.5%US$62.00US$48.00n/a14
Nov ’23US$60.60
US$53.43
-11.8%
7.1%US$64.00US$48.00n/a14
Oct ’23US$53.36
US$53.57
+0.4%
7.1%US$64.00US$48.00n/a14
Sep ’23US$50.44
US$52.36
+3.8%
4.9%US$56.00US$48.00n/a14
Aug ’23US$49.96
US$52.31
+4.7%
6.5%US$58.00US$45.00n/a13
Jul ’23US$44.11
US$51.93
+17.7%
6.5%US$58.00US$44.00n/a15
Jun ’23US$54.42
US$51.81
-4.8%
7.1%US$58.00US$44.00n/a16
May ’23US$53.76
US$49.81
-7.3%
6.7%US$55.00US$44.00n/a16
Apr ’23US$56.57
US$47.82
-15.5%
6.2%US$54.00US$44.00n/a17
Mar ’23US$55.51
US$46.00
-17.1%
7.7%US$54.00US$39.00n/a17
Feb ’23US$50.16
US$44.65
-11.0%
5.3%US$50.00US$39.00n/a17
Jan ’23US$42.24
US$44.67
+5.7%
5.2%US$50.00US$39.00US$56.8718
Dec ’22US$42.44
US$44.89
+5.8%
5.5%US$50.00US$39.00US$59.2018
Nov ’22US$44.10
US$44.76
+1.5%
5.7%US$49.00US$39.00US$60.6017
Oct ’22US$40.94
US$44.00
+7.5%
7.1%US$49.00US$35.00US$53.3617
Sep ’22US$41.75
US$44.18
+5.8%
7.9%US$52.00US$35.00US$50.4417
Aug ’22US$42.27
US$43.71
+3.4%
9.2%US$54.00US$35.00US$49.9617
Jul ’22US$45.10
US$43.76
-3.0%
9.8%US$56.00US$35.00US$44.1117
Jun ’22US$42.33
US$43.24
+2.1%
9.0%US$53.00US$35.00US$54.4217
May ’22US$42.09
US$41.35
-1.8%
8.1%US$47.00US$32.00US$53.7617
Apr ’22US$42.30
US$40.71
-3.8%
9.0%US$47.00US$32.00US$56.5717
Mar ’22US$41.32
US$40.29
-2.5%
9.2%US$47.00US$32.00US$55.5117
Feb ’22US$39.28
US$39.35
+0.2%
9.9%US$45.00US$32.00US$50.1617
Jan ’22US$35.25
US$38.94
+10.5%
9.8%US$45.00US$32.00US$42.2417

Analyst Forecast: Target price is lower than the current share price.


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