Critical Review: GasLog Partners (GLOP) vs. Its Peers

GasLog Partners (NYSE: GLOP) is one of 13 publicly-traded companies in the “LNG Transportation & Storage” industry, but how does it weigh in compared to its competitors? We will compare GasLog Partners to similar companies based on the strength of its profitability, valuation, institutional ownership, risk, dividends, analyst recommendations and earnings.

Institutional & Insider Ownership

42.6% of GasLog Partners shares are owned by institutional investors. Comparatively, 69.2% of shares of all “LNG Transportation & Storage” companies are owned by institutional investors. 5.6% of shares of all “LNG Transportation & Storage” companies are owned by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company will outperform the market over the long term.

Analyst Recommendations

This is a breakdown of recent ratings and price targets for GasLog Partners and its competitors, as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
GasLog Partners 0 1 3 0 2.75
GasLog Partners Competitors 62 256 516 10 2.56

GasLog Partners presently has a consensus target price of $26.50, suggesting a potential upside of 15.47%. As a group, “LNG Transportation & Storage” companies have a potential upside of 16.01%. Given GasLog Partners’ competitors higher probable upside, analysts plainly believe GasLog Partners has less favorable growth aspects than its competitors.

Profitability

This table compares GasLog Partners and its competitors’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
GasLog Partners 34.89% 12.44% 5.17%
GasLog Partners Competitors 14.16% 1,540.51% 278.72%

Volatility & Risk

GasLog Partners has a beta of 1.67, suggesting that its share price is 67% more volatile than the S&P 500. Comparatively, GasLog Partners’ competitors have a beta of 1.26, suggesting that their average share price is 26% more volatile than the S&P 500.

Earnings & Valuation

This table compares GasLog Partners and its competitors top-line revenue, earnings per share and valuation.

Gross Revenue NetIncome Price/Earnings Ratio
GasLog Partners $228.74 million $77.34 million 10.67
GasLog Partners Competitors $322.98 million $70.23 million 48.14

GasLog Partners’ competitors have higher revenue, but lower earnings than GasLog Partners. GasLog Partners is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.

Dividends

GasLog Partners pays an annual dividend of $2.07 per share and has a dividend yield of 9.0%. GasLog Partners pays out 96.3% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. As a group, “LNG Transportation & Storage” companies pay a dividend yield of 5.6% and pay out 91.6% of their earnings in the form of a dividend. GasLog Partners has raised its dividend for 2 consecutive years.

Summary

GasLog Partners competitors beat GasLog Partners on 9 of the 15 factors compared.

About GasLog Partners

GasLog Partners LP is a limited partnership company. The Company focuses on owning, operating and acquiring liquefied natural gas (LNG) carriers under multi-year charters. The Company’s fleet consists of 9 LNG carriers with an average carrying capacity of approximately 149,500 cubic meters (cbm), each of which has a multi-year time charter. The Company’s fleet includes GasLog Seattle, GasLog Shanghai, GasLog Santiago, GasLog Sydney, Methane Rita Andrea, Methane Jane Elizabeth, Methane Alison Victoria, Methane Shirley Elisabeth and Methane Heather Sally. The GasLog Seattle is a tri-fuel diesel electric LNG carrier. Each of the GasLog Seattle, GasLog Shanghai, GasLog Santiago and GasLog Sydney vessels has a cargo capacity of approximately 155,000 cbm. Each of the Methane Rita Andrea, Methane Heather Sally, Methane Shirley Elisabeth, Methane Alison Victoria and Methane Jane Elizabeth vessels has a cargo capacity of approximately 145,000 cbm.

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