Of note is the ratio of KNOT Offshore Partners LP's sales and general administrative expense to its total operating expenses; only 3.51% of US stocks have a lower such ratio.
As for revenue growth, note that KNOP's revenue has grown 82.27% over the past 12 months; that beats the revenue growth of 93.5% of US companies in our set.
KNOT Offshore Partners LP's shareholder yield -- a measure of how much capital is returned to stockholders via dividends and buybacks -- is 28.75%, greater than the shareholder yield of 92.89% of stocks in our set.
Stocks that are quantitatively similar to KNOP, based on their financial statements, market capitalization, and price volatility, are SVC, GOGL, GLOG, TRTN, and IDA.
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:
We started the process of determining a valid price forecast for KNOT Offshore Partners LP with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that KNOT Offshore Partners LP ranked in the 80th percentile in terms of potential gain offered. More precisely, our analysis suggests the stock is undervalued by approximately 396.5% on a DCF basis. As for the metrics that stood out in our discounted cash flow analysis of KNOT Offshore Partners LP, consider:
36% of the company's capital comes from equity, which is greater than just 11.26% of stocks in our cash flow based forecasting set.
KNOT Offshore Partners LP's effective tax rate, as measured by taxes paid relative to net income, is at 0 -- greater than merely 22.35% of US stocks with positive free cash flow.
The weighted average cost of capital for the company is 9. This value is greater than just 22.62% stocks in the Industrials sector that generate free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Industrials that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as KNOP, try APWC, GNK, EML, USDP, and ABM.
Introduction The little-known shuttle tanker owner KNOT Offshore Partners (KNOP) may not be without their risks but nevertheless, their very high distribution yield of 14% has remained resilient amidst the turbulence of 2020, as my previous article discussed. This new article provides a follow-up analysis that reviews their subsequently released...
Daniel Thurecht on Seeking Alpha | December 29, 2020
KNOT Offshore Partners LP (the "Partnership") (NYSE:KNOP) announced today that its wholly owned subsidiary, KNOT Shuttle Tankers AS, has agreed to acquire KNOT Shuttle Tankers 34 AS, the company that owns the shuttle tanker, Tove Knutsen, from Knutsen NYK Offshore Tankers AS ("KNOT") (the "Acquisition"). The purchase price of the Acquisition is $117.8 million, less $93.1 million of outstanding indebtedness and will be financed on a non-dilutive basis using cash on hand and borrowings under KNOP’s existing revolving credit facility.
Cushing® Asset Management, LP, and Swank Capital, LLC, announce today the upcoming rebalancing of The Cushing® MLP Market Cap Index (the "Index") as part of normal index operations. After the markets close on December 18, 2020, the 30 constituents of the Index will be rebalanced, and the following changes will be effective on December 21, 2020:
With the third-quarter round of 13F filings behind us it is time to take a look at the stocks in which some of the best money managers in the world preferred to invest or sell heading into the fourth quarter. One of these stocks was KNOT Offshore Partners LP (NYSE:KNOP). Is KNOT Offshore Partners LP […]
Share this Stock InformationABERDEEN, Scotland–(BUSINESS WIRE)–KNOT Offshore Partners LP (NYSE:KNOP) (“the Partnership”) plans to release its financial results for the Third Quarter of 2020 before opening of the market on Thursday, November 19, 2020. The Partnership also plans to host a conference call on Thursday, November 19, 2020 at 11:00 AM (Eastern Time) to discuss… Read More »KNOT Offshore Partners LP Announces Third Quarter 2020 Earnings Results Conference Call