Financials Cheniere Energy Partners, L.P.

Equities

CQP

US16411Q1013

Oil & Gas Transportation Services

Market Closed - Nyse 04:00:02 2024-04-26 pm EDT 5-day change 1st Jan Change
49.01 USD +1.22% Intraday chart for Cheniere Energy Partners, L.P. -0.65% -1.57%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 19,269 17,062 20,445 27,527 24,100 23,723 - -
Enterprise Value (EV) 1 35,067 33,432 36,648 44,721 39,375 38,327 37,638 36,749
P/E ratio 17.7 x 15.2 x 14.1 x 17.4 x 7.16 x 13.1 x 12.4 x 11.1 x
Yield 6.18% 7.35% 6.4% 7.47% 8.28% 6.59% 6.63% 6.57%
Capitalization / Revenue 2.82 x 2.77 x 2.17 x 1.6 x 2.49 x 2.59 x 2.27 x 2.25 x
EV / Revenue 5.13 x 5.42 x 3.88 x 2.6 x 4.07 x 4.18 x 3.6 x 3.49 x
EV / EBITDA 14 x 12.1 x 11.9 x 8.82 x 10.9 x 10.6 x 10.1 x 9.99 x
EV / FCF 162 x 42.9 x 22.3 x 12.1 x 13.6 x 15.6 x 13.7 x 13 x
FCF Yield 0.62% 2.33% 4.48% 8.27% 7.34% 6.41% 7.28% 7.72%
Price to Book 7.74 x 23.9 x 19.9 x -24.6 x 23.2 x 25.6 x 23.2 x -
Nbr of stocks (in thousands) 484,014 484,020 484,026 484,032 484,039 484,041 - -
Reference price 2 39.81 35.25 42.24 56.87 49.79 49.01 49.01 49.01
Announcement Date 2/25/20 2/24/21 2/24/22 2/23/23 2/22/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 6,838 6,167 9,434 17,206 9,664 9,174 10,446 10,542
EBITDA 1 2,507 2,762 3,076 5,071 3,626 3,631 3,726 3,678
EBIT 1 2,040 2,125 2,557 3,380 5,036 2,896 3,026 2,950
Operating Margin 29.83% 34.46% 27.1% 19.64% 52.11% 31.57% 28.97% 27.98%
Earnings before Tax (EBT) 1 1,175 1,183 1,630 2,498 4,254 2,065 2,231 2,226
Net income 1 1,175 1,183 1,630 2,498 4,254 2,068 2,217 2,140
Net margin 17.18% 19.18% 17.28% 14.52% 44.02% 22.54% 21.23% 20.3%
EPS 2 2.250 2.320 3.000 3.270 6.950 3.734 3.956 4.420
Free Cash Flow 1 216 779 1,643 3,698 2,889 2,455 2,738 2,837
FCF margin 3.16% 12.63% 17.42% 21.49% 29.89% 26.76% 26.21% 26.91%
FCF Conversion (EBITDA) 8.62% 28.2% 53.41% 72.92% 79.67% 67.61% 73.5% 77.12%
FCF Conversion (Net income) 18.38% 65.85% 100.8% 148.04% 67.91% 118.72% 123.5% 132.57%
Dividend per Share 2 2.460 2.590 2.705 4.250 4.125 3.228 3.249 3.219
Announcement Date 2/25/20 2/24/21 2/24/22 2/23/23 2/22/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 2,324 3,258 3,328 4,181 4,976 4,721 2,917 1,933 2,128 2,686 2,209 2,099 2,223 2,530 2,585
EBITDA 1 738 868 1,031 977 1,471 1,591 1,026 757 793 1,050 918.1 856.9 898.7 941.9 915.3
EBIT 1 616 719 362 555 -299 2,762 2,129 818 988 1,101 741.8 673.8 713.6 766.3 765.2
Operating Margin 26.51% 22.07% 10.88% 13.27% -6.01% 58.5% 72.99% 42.32% 46.43% 40.99% 33.59% 32.1% 32.1% 30.29% 29.6%
Earnings before Tax (EBT) 1 381 506 159 342 -514 2,511 1,935 622 791 906 533.8 465.1 531.7 577.4 569.8
Net income 1 381 507 159 342 -514 2,511 1,935 622 791 906 561.9 489.7 552.3 614.7 590.6
Net margin 16.39% 15.56% 4.78% 8.18% -10.33% 53.19% 66.34% 32.18% 37.17% 33.73% 25.44% 23.33% 24.84% 24.29% 22.85%
EPS 2 0.6900 0.9400 0.3290 0.2500 -1.490 4.630 3.500 0.8400 1.190 1.420 0.9956 0.8479 0.9262 1.035 1.104
Dividend per Share 2 0.6800 0.7000 0.7750 1.060 1.070 1.070 1.030 1.030 1.030 1.035 0.8186 0.8171 0.8171 0.8171 0.8019
Announcement Date 11/4/21 2/24/22 5/4/22 8/4/22 11/3/22 2/23/23 5/2/23 8/3/23 11/2/23 2/22/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 15,798 16,370 16,203 17,194 15,275 14,604 13,915 13,026
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 6.302 x 5.927 x 5.268 x 3.391 x 4.213 x 4.022 x 3.735 x 3.541 x
Free Cash Flow 1 216 779 1,643 3,698 2,889 2,455 2,738 2,837
ROE (net income / shareholders' equity) 65.3% 157% 188% - - 234% 230% 174%
ROA (Net income/ Total Assets) 6.29% 6.14% 8.51% - 11.5% 8.6% 8.9% 11%
Assets 1 18,679 19,264 19,145 - 36,885 24,043 24,912 19,452
Book Value Per Share 2 5.140 1.480 2.120 -2.310 2.140 1.920 2.110 -
Cash Flow per Share 2 4.440 4.390 4.730 8.570 - 5.380 5.530 5.500
Capex 1 1,331 972 648 451 220 218 490 235
Capex / Sales 19.46% 15.76% 6.87% 2.62% 2.28% 2.37% 4.69% 2.23%
Announcement Date 2/25/20 2/24/21 2/24/22 2/23/23 2/22/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
15
Last Close Price
49.01 USD
Average target price
49.14 USD
Spread / Average Target
+0.27%
Consensus
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