Of note is the ratio of Teekay LNG Partners LP's sales and general administrative expense to its total operating expenses; only 7.38% of US stocks have a lower such ratio.
For TGP, its debt to operating expenses ratio is greater than that reported by 96.88% of US equities we're observing.
Teekay LNG Partners LP's shareholder yield -- a measure of how much capital is returned to stockholders via dividends and buybacks -- is 52.23%, greater than the shareholder yield of 93.93% of stocks in our set.
Stocks that are quantitatively similar to TGP, based on their financial statements, market capitalization, and price volatility, are LAND, GMLP, TCI, SJI, and CWEN.
TGP's SEC filings can be seen here. And to visit Teekay LNG Partners LP's official web site, go to www.teekay.com.
Teekay Energy Partners LP provides marine transportation services for liquefied natural gas, liquefied petroleum gas,, and crude oil worldwide. The company was founded in 2004 and is based in Hamilton, Bermuda.
TGP Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for Teekay LNG Partners LP with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Teekay LNG Partners LP ranked in the 97th percentile in terms of potential gain offered. Our DCF model suggests the stock is undervalued by 19181%; returns of such proportions should be viewed with some skepticism, though. The most interesting components of our discounted cash flow analysis for Teekay LNG Partners LP ended up being:
Its compound free cash flow growth rate, as measured over the past 4.97 years, is 1.5% -- higher than 93.92% of stocks in our DCF forecasting set.
20% of the company's capital comes from equity, which is greater than only 7.55% of stocks in our cash flow based forecasting set.
Relative to other stocks in its sector (Energy), Teekay LNG Partners LP has a reliance on debt greater than 75.07% of them.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Energy that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as TGP, try CXO, AM, RVRA, USAC, and CRCQQ.
Teekay Corporation (TK) as usual is focused on the consolidated amounts. Management has improved reporting by at least mentioning the cash flow at the parent company level. The only cash flow that matters is the cash flow that Teekay actually receives to spend. That is the only cash that can...
Introduction Following interest rates plunging, many income-focused investors have been searching markets for alternative sources of income and thus risk jumping into dangerous situations. One potential option is Teekay LNG Partners (TGP) which offer a distribution yield near 9%. Whilst this is not without its merits, their series A and...
Daniel Thurecht on Seeking Alpha | August 29, 2020
The latest 13F reporting period has come and gone, and Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F filings show the funds' and investors' portfolio positions as of March 31st, a week after the market trough. Now, we are […]