Of note is the ratio of KNOT Offshore Partners LP's sales and general administrative expense to its total operating expenses; just 3.49% of US stocks have a lower such ratio.
Revenue growth over the past 12 months for KNOT Offshore Partners LP comes in at 82.27%, a number that bests 93.51% of the US stocks we're tracking.
KNOT Offshore Partners LP's shareholder yield -- a measure of how much capital is returned to stockholders via dividends and buybacks -- is 33.34%, greater than the shareholder yield of 92.66% of stocks in our set.
Stocks that are quantitatively similar to KNOP, based on their financial statements, market capitalization, and price volatility, are GLOG, IDA, HEP, CMRE, and TRTN.
KNOT Offshore Partners LP Common Units representing Limited Partner Interests (KNOP) Company Bio
KNOT Offshore Partners LP owns, operates and acquires shuttle tankers under long-term charters in the offshore oil production regions of the North Sea and Brazil. The company was founded in 2013 and is based in Aberdeen, the United Kingdom.
KNOP Price Forecast Based on DCF Valuation
DCF Fair Value Target:
Below please find a table outlining a discounted cash flow forecast for KNOP, in which we model out valuation assuming a variety of terminal growth rates. To summarize, we found that KNOT Offshore Partners LP ranked in the 83th percentile in terms of potential gain offered. More precisely, our analysis suggests the stock is undervalued by approximately 685.17% on a DCF basis. In terms of the factors that were most noteworthy in this DCF analysis for KNOP, they are:
33% of the company's capital comes from equity, which is greater than merely 11.54% of stocks in our cash flow based forecasting set.
KNOT Offshore Partners LP's weighted average cost of capital (WACC) is 8%; for context, that number is higher than just 24.31% of tickers in our DCF set.
As a business, KNOT Offshore Partners LP experienced a tax rate of about 0% over the past twelve months; relative to its sector (Industrials), this tax rate is higher than just 18.14% of stocks generating free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
ACY, FIX, TRTN, ACTG, and SPLP can be thought of as valuation peers to KNOP, in the sense that they are in the Industrials sector and have a similar price forecast based on DCF valuation.
A few days ago, we covered Höegh LNG Partners (HMLP) and its well-covered 16% yield. As we mentioned in that analysis, double-digit-yielding stocks are more often than not quite risky investments, with various dangers surrounding sky-high distributions. However, sometimes, there are great companies, sufficiently covering the dividend, while growing their...
Nikolaos Sismanis on Seeking Alpha | September 30, 2020
Introduction Several months ago I highlighted a potential very high yielding investment opportunity for income hungry investors, KNOT Offshore Partners (KNOP), which still offers a distribution yield of around 16%. Since the original analysis found that they had little room for error, this article provides an update covering their performance...
Daniel Thurecht on Seeking Alpha | September 16, 2020
KNOT Offshore Partners LP (NYSE:KNOP) ("the Partnership") advises that its 2020 Annual Meeting will be held on August 28, 2020. The record date for voting at the Annual Meeting is set to July 24, 2020. The notice, agenda and associated material will be distributed prior to the meeting.