Of note is the ratio of Golar LNG Partners LP's sales and general administrative expense to its total operating expenses; only 6.78% of US stocks have a lower such ratio.
The ratio of debt to operating expenses for Golar LNG Partners LP is higher than it is for about 94.37% of US stocks.
Golar LNG Partners LP's shareholder yield -- a measure of how much capital is returned to stockholders via dividends and buybacks -- is 80.12%, greater than the shareholder yield of 97% of stocks in our set.
Stocks that are quantitatively similar to GMLP, based on their financial statements, market capitalization, and price volatility, are NNA, UAN, TCI, HMLP, and TGP.
Golar LNG Partners LP - Common Limited Partnership (GMLP) Company Bio
Golar LNG Partners LP owns and operates floating storage and regasification units and liquefied natural gas carriers under long-term charters. The company was founded in 2007 and is based in Hamilton, Bermuda.
GMLP Price Forecast Based on DCF Valuation
DCF Fair Value Target:
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for Golar LNG Partners LP. To summarize, we found that Golar LNG Partners LP ranked in the 64th percentile in terms of potential gain offered. Specifically, our DCF analysis implies the stock is trading below its fair value by an estimated 77.5%. The most interesting components of our discounted cash flow analysis for Golar LNG Partners LP ended up being:
The company's compound free cash flow growth rate over the past 4 years comes in at -0.09%; that's greater than merely 14.69% of US stocks we're applying DCF forecasting to.
15% of the company's capital comes from equity, which is greater than only 3.52% of stocks in our cash flow based forecasting set.
Relative to other stocks in its sector (Energy), Golar LNG Partners LP has a reliance on debt greater than 86.45% of them.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
Want more companies with a valuation profile/forecast similar to that of Golar LNG Partners LP? See CLNE, PNRG, BP, DCP, and PXD.
Golar LNG Partners LP (NASDAQ: GMLP) (“GMLP”) announced today that it has established a record date of January 25, 2021 for a special meeting of its unitholders currently planned to take place on February 24, 2021. At the special meeting, the holders of GMLP’s common units will vote on the previously announced proposed merger of GMLP and an indirect subsidiary of New Fortress Energy Inc. (“NFE”), as contemplated by GMLP’s Third Amended and Restated Agreement of Limited Partnership dated October 31, 2017. GMLP common unitholders of record at the close of business on January 25, 2021 will be entitled to receive notice of the special meeting and to vote at the special meeting. FORWARD LOOKING STATEMENTSThis press release contains certain forward-looking statements concerning future events....
Note: I have covered Golar LNG (GLNG) previously, so investors should view this as an update to my earlier articles on the company. On Wednesday, Nasdaq-listed liquid natural gas ("LNG") infrastructure provider New Fortress Energy (NFE) or "NFE" announced an agreement to acquire peer Hygo Energy Transition ("Hygo") as well...