Financials Cheniere Energy Partners, L.P.

Equities

CQP

US16411Q1013

Oil & Gas Transportation Services

Market Closed - Nyse 01:30:02 04/05/2024 am IST 5-day change 1st Jan Change
50.75 USD +1.18% Intraday chart for Cheniere Energy Partners, L.P. +3.55% +1.93%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 19,269 17,062 20,445 27,527 24,100 24,565 - -
Enterprise Value (EV) 1 35,067 33,432 36,648 44,721 39,375 39,223 38,551 37,726
P/E ratio 17.7 x 15.2 x 14.1 x 17.4 x 7.16 x 13.6 x 12.4 x 11.7 x
Yield 6.18% 7.35% 6.4% 7.47% 8.28% 6.41% 6.35% 6.35%
Capitalization / Revenue 2.82 x 2.77 x 2.17 x 1.6 x 2.49 x 2.59 x 2.37 x 2.29 x
EV / Revenue 5.13 x 5.42 x 3.88 x 2.6 x 4.07 x 4.14 x 3.72 x 3.52 x
EV / EBITDA 14 x 12.1 x 11.9 x 8.82 x 10.9 x 10.8 x 10.4 x 10.2 x
EV / FCF 162 x 42.9 x 22.3 x 12.1 x 13.6 x 16 x 15.5 x 14.9 x
FCF Yield 0.62% 2.33% 4.48% 8.27% 7.34% 6.26% 6.47% 6.73%
Price to Book 7.74 x 23.9 x 19.9 x -24.6 x 23.2 x 26.5 x 24 x -
Nbr of stocks (in thousands) 4,84,014 4,84,020 4,84,026 4,84,032 4,84,039 4,84,041 - -
Reference price 2 39.81 35.25 42.24 56.87 49.79 50.75 50.75 50.75
Announcement Date 25/02/20 24/02/21 24/02/22 23/02/23 22/02/24 - - -
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 9,468 10,357 10,724
EBITDA 1 2,507 2,762 3,076 5,071 3,626 3,641 3,724 3,685
EBIT 1 2,040 2,125 2,557 3,380 5,036 2,871 3,035 2,932
Operating Margin 29.83% 34.46% 27.1% 19.64% 52.11% 30.32% 29.3% 27.34%
Earnings before Tax (EBT) 1 1,175 1,183 1,630 2,498 4,254 2,263 2,219 2,172
Net income 1 1,175 1,183 1,630 2,498 4,254 1,806 2,235 2,140
Net margin 17.18% 19.18% 17.28% 14.52% 44.02% 19.07% 21.58% 19.95%
EPS 2 2.250 2.320 3.000 3.270 6.950 3.730 4.086 4.323
Free Cash Flow 1 216 779 1,643 3,698 2,889 2,455 2,494 2,538
FCF margin 3.16% 12.63% 17.42% 21.49% 29.89% 25.93% 24.08% 23.67%
FCF Conversion (EBITDA) 8.62% 28.2% 53.41% 72.92% 79.67% 67.42% 66.98% 68.88%
FCF Conversion (Net income) 18.38% 65.85% 100.8% 148.04% 67.91% 135.93% 111.6% 118.64%
Dividend per Share 2 2.460 2.590 2.705 4.250 4.125 3.255 3.223 3.221
Announcement Date 25/02/20 24/02/21 24/02/22 23/02/23 22/02/24 - - -
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 2,099 2,223 2,530 2,585 2,314
EBITDA 1 868 1,031 977 1,471 1,591 1,026 757 793 1,050 1,000 862.9 902.1 953 928.4 879
EBIT 1 719 362 555 -299 2,762 2,129 818 988 1,101 875 673.8 713.6 766.3 765.2 700.6
Operating Margin 22.07% 10.88% 13.27% -6.01% 58.5% 72.99% 42.32% 46.43% 40.99% 38.13% 32.1% 32.1% 30.29% 29.6% 30.28%
Earnings before Tax (EBT) 1 506 159 342 -514 2,511 1,935 622 791 906 682 465.1 531.7 577.4 569.8 493.1
Net income 1 507 159 342 -514 2,511 1,935 622 791 906 682 489.7 552.3 614.7 590.6 513.6
Net margin 15.56% 4.78% 8.18% -10.33% 53.19% 66.34% 32.18% 37.17% 33.73% 29.72% 23.33% 24.84% 24.29% 22.85% 22.2%
EPS 2 0.9400 0.3290 0.2500 -1.490 4.630 3.500 0.8400 1.190 1.420 1.180 0.8589 0.9417 1.067 1.082 0.9386
Dividend per Share 2 0.7000 0.7750 1.060 1.070 1.070 1.030 1.030 1.030 1.035 - 0.8057 0.8057 0.8057 0.8055 0.8055
Announcement Date 24/02/22 04/05/22 04/08/22 03/11/22 23/02/23 02/05/23 03/08/23 02/11/23 22/02/24 03/05/24 - - - - -
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 14,658 13,986 13,161
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 6.302 x 5.927 x 5.268 x 3.391 x 4.213 x 4.025 x 3.756 x 3.571 x
Free Cash Flow 1 216 779 1,643 3,698 2,889 2,455 2,494 2,539
ROE (net income / shareholders' equity) 65.3% 157% 188% - - 252% 246% 199%
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 21,000 25,108 19,452
Book Value Per Share 2 5.140 1.480 2.120 -2.310 2.140 1.920 2.110 -
Cash Flow per Share 2 4.440 4.390 4.730 8.570 - 5.380 5.530 5.500
Capex 1 1,331 972 648 451 220 135 490 235
Capex / Sales 19.46% 15.76% 6.87% 2.62% 2.28% 1.43% 4.73% 2.19%
Announcement Date 25/02/20 24/02/21 24/02/22 23/02/23 22/02/24 - - -
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
50.75 USD
Average target price
49.46 USD
Spread / Average Target
-2.54%
Consensus
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