Financials Cheniere Energy Partners, L.P.

Equities

CQP

US16411Q1013

Oil & Gas Transportation Services

Market Closed - Nyse 04:00:02 2024-06-06 pm EDT 5-day change 1st Jan Change
47.6 USD -1.02% Intraday chart for Cheniere Energy Partners, L.P. -1.61% -4.40%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 19,269 17,062 20,445 27,527 24,100 23,040 - -
Enterprise Value (EV) 1 35,067 33,432 36,648 44,721 39,375 37,506 36,743 36,152
P/E ratio 17.7 x 15.2 x 14.1 x 17.4 x 7.16 x 10.8 x 11.5 x 10.7 x
Yield 6.18% 7.35% 6.4% 7.47% 8.28% 6.83% 6.74% 6.71%
Capitalization / Revenue 2.82 x 2.77 x 2.17 x 1.6 x 2.49 x 2.53 x 2.23 x 2.11 x
EV / Revenue 5.13 x 5.42 x 3.88 x 2.6 x 4.07 x 4.12 x 3.56 x 3.32 x
EV / EBITDA 14 x 12.1 x 11.9 x 8.82 x 10.9 x 9.94 x 9.81 x 9.71 x
EV / FCF 162 x 42.9 x 22.3 x 12.1 x 13.6 x 14.6 x 14.5 x 13.7 x
FCF Yield 0.62% 2.33% 4.48% 8.27% 7.34% 6.84% 6.91% 7.28%
Price to Book 7.74 x 23.9 x 19.9 x -24.6 x 23.2 x 17 x 12.9 x 10.3 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 47.60 47.60 47.60
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 9,106 10,323 10,896
EBITDA 1 2,507 2,762 3,076 5,071 3,626 3,772 3,746 3,721
EBIT 1 2,040 2,125 2,557 3,380 5,036 2,965 3,044 2,970
Operating Margin 29.83% 34.46% 27.1% 19.64% 52.11% 32.56% 29.49% 27.26%
Earnings before Tax (EBT) 1 1,175 1,183 1,630 2,498 4,254 2,229 2,256 2,232
Net income 1 1,175 1,183 1,630 2,498 4,254 2,351 2,262 2,211
Net margin 17.18% 19.18% 17.28% 14.52% 44.02% 25.82% 21.91% 20.29%
EPS 2 2.250 2.320 3.000 3.270 6.950 4.426 4.135 4.465
Free Cash Flow 1 216 779 1,643 3,698 2,889 2,567 2,540 2,631
FCF margin 3.16% 12.63% 17.42% 21.49% 29.89% 28.19% 24.61% 24.15%
FCF Conversion (EBITDA) 8.62% 28.2% 53.41% 72.92% 79.67% 68.05% 67.81% 70.7%
FCF Conversion (Net income) 18.38% 65.85% 100.8% 148.04% 67.91% 109.15% 112.31% 119%
Dividend per Share 2 2.460 2.590 2.705 4.250 4.125 3.251 3.207 3.194
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 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 2025 Q2
Net sales 1 3,258 3,328 4,181 4,976 4,721 2,917 1,933 2,128 2,686 2,295 2,029 2,127 2,510 2,580 2,372
EBITDA 1 868 1,031 977 1,471 1,591 1,026 757 793 1,050 1,000 868.9 905.7 1,050 954.6 912.9
EBIT 1 719 362 555 -299 2,762 2,129 818 988 1,101 875 660.9 705.6 744.5 793.3 744.4
Operating Margin 22.07% 10.88% 13.27% -6.01% 58.5% 72.99% 42.32% 46.43% 40.99% 38.13% 32.57% 33.17% 29.66% 30.75% 31.38%
Earnings before Tax (EBT) 1 506 159 342 -514 2,511 1,935 622 791 906 682 493.5 552 598.5 607.9 516.1
Net income 1 507 159 342 -514 2,511 1,935 622 791 906 682 517.8 572.8 844.9 650.4 589.6
Net margin 15.56% 4.78% 8.18% -10.33% 53.19% 66.34% 32.18% 37.17% 33.73% 29.72% 25.52% 26.93% 33.66% 25.21% 24.86%
EPS 2 0.9400 0.3290 0.2500 -1.490 4.630 3.500 0.8400 1.190 1.420 1.180 0.8908 0.9624 1.306 1.171 1.045
Dividend per Share 2 0.7000 0.7750 1.060 1.070 1.070 1.030 1.030 1.030 1.035 - 0.8054 0.8054 0.8054 0.7983 0.8050
Announcement Date 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 5/3/24 - - - - -
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 14,465 13,702 13,112
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 6.302 x 5.927 x 5.268 x 3.391 x 4.213 x 3.835 x 3.658 x 3.523 x
Free Cash Flow 1 216 779 1,643 3,698 2,889 2,567 2,540 2,631
ROE (net income / shareholders' equity) 65.3% 157% 188% - - 223% 207% 158%
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 27,343 25,412 20,099
Book Value Per Share 2 5.140 1.480 2.120 -2.310 2.140 2.800 3.680 4.630
Cash Flow per Share 2 4.440 4.390 4.730 8.570 - 5.660 5.600 5.710
Capex 1 1,331 972 648 451 220 225 490 235
Capex / Sales 19.46% 15.76% 6.87% 2.62% 2.28% 2.47% 4.75% 2.16%
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
14
Last Close Price
47.6 USD
Average target price
49.38 USD
Spread / Average Target
+3.75%
Consensus
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