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GasLog Partners

DB:03G
Snowflake Description

Fair value with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
03G
DB
$105M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

GasLog Partners LP owns, operates, and acquires liquefied natural gas (LNG) carriers under multi-year charters. The last earnings update was 27 days ago. More info.


Add to Portfolio Compare Print
  • GasLog Partners is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • GasLog Partners has significant price volatility in the past 3 months.
03G Share Price and Events
7 Day Returns
31.3%
DB:03G
18.1%
DE Oil and Gas
7.3%
DE Market
1 Year Returns
-90.3%
DB:03G
21.9%
DE Oil and Gas
-17.7%
DE Market
03G Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
GasLog Partners (03G) 31.3% -38.6% -85.7% -90.3% -91.5% -91.3%
DE Oil and Gas 18.1% -15.9% -28.7% 21.9% -25.6% 137.4%
DE Market 7.3% -17.9% -25.8% -17.7% -25.6% -29%
1 Year Return vs Industry and Market
  • 03G underperformed the Oil and Gas industry which returned 21.9% over the past year.
  • 03G underperformed the Market in Germany which returned -17.7% over the past year.
Price Volatility
03G
Industry
5yr Volatility vs Market

Value

 Is GasLog Partners undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of GasLog Partners to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for GasLog Partners.

DB:03G Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:03G
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.81
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.808 (1 + (1- 33%) (1284.28%))
5.53
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (2 * 5.44%)
10.49%

Discounted Cash Flow Calculation for DB:03G using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for GasLog Partners is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:03G DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.49%)
2020 147.46 Analyst x1 133.46
2021 120.44 Analyst x2 98.66
2022 107.16 Est @ -11.03% 79.44
2023 98.76 Est @ -7.84% 66.26
2024 93.22 Est @ -5.6% 56.61
2025 89.46 Est @ -4.04% 49.17
2026 86.82 Est @ -2.95% 43.19
2027 84.93 Est @ -2.18% 38.24
2028 83.54 Est @ -1.64% 34.04
2029 82.48 Est @ -1.27% 30.42
Present value of next 10 years cash flows $629.00
DB:03G DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $82.48 × (1 + -0.39%) ÷ (10.49% – -0.39%)
$755.11
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $755.11 ÷ (1 + 10.49%)10
$278.47
DB:03G Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $629.00 + $278.47
$907.47
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $907.47 / 50.18
$18.08
DB:03G Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:03G represents 0.93043x of NYSE:GLOP
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.93043x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 18.08 x 0.93043
€16.83
Value per share (EUR) From above. €16.83
Current discount Discount to share price of €1.94
= -1 x (€1.94 - €16.83) / €16.83
88.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price GasLog Partners is available for.
Intrinsic value
>50%
Share price is €1.94 vs Future cash flow value of €16.83
Current Discount Checks
For GasLog Partners to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • GasLog Partners's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • GasLog Partners's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for GasLog Partners's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are GasLog Partners's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:03G PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $-1.43
NYSE:GLOP Share Price ** NYSE (2020-03-30) in USD $2.09
Europe Oil and Gas Industry PE Ratio Median Figure of 105 Publicly-Listed Oil and Gas Companies 5.67x
Germany Market PE Ratio Median Figure of 400 Publicly-Listed Companies 16.36x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of GasLog Partners.

DB:03G PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:GLOP Share Price ÷ EPS (both in USD)

= 2.09 ÷ -1.43

-1.46x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • GasLog Partners is loss making, we can't compare its value to the Europe Oil and Gas industry average.
  • GasLog Partners is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does GasLog Partners's expected growth come at a high price?
Raw Data
DB:03G PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.46x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
55.5%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 65 Publicly-Listed Oil and Gas Companies 0.17x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.2x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for GasLog Partners, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on GasLog Partners's assets?
Raw Data
DB:03G PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $12.27
NYSE:GLOP Share Price * NYSE (2020-03-30) in USD $2.09
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 0.94x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.43x
DB:03G PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:GLOP Share Price ÷ Book Value per Share (both in USD)

= 2.09 ÷ 12.27

0.17x

* Primary Listing of GasLog Partners.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • GasLog Partners is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess GasLog Partners's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. GasLog Partners has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is GasLog Partners expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
55.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is GasLog Partners expected to grow at an attractive rate?
  • GasLog Partners's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • GasLog Partners's earnings growth is expected to exceed the Germany market average.
  • GasLog Partners's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:03G Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:03G Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 55.5%
DB:03G Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts -8.4%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 2.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.3%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:03G Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:03G Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31
2021-12-31 318 168 56 5
2020-12-31 341 204 86 5
2020-03-30
DB:03G Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 380 239 -68
2019-09-30 350 192 60
2019-06-30 352 170 60
2019-03-31 351 182 66
2018-12-31 387 197 77
2018-09-30 404 247 87
2018-06-30 392 256 87
2018-03-31 386 236 88
2018-01-01 402 254 83
2017-09-30 352 198 81
2017-06-30 332 200 78
2017-03-31 311 191 77
2017-01-01 317 205 72

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • GasLog Partners's earnings are expected to grow significantly at over 20% yearly.
  • GasLog Partners's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:03G Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from GasLog Partners Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:03G Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 1.99 1.99 1.99 1.00
2021-12-31 1.21 1.91 0.75 3.00
2020-12-31 1.56 1.91 1.28 4.00
2020-03-30
DB:03G Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 -1.43
2019-09-30 1.28
2019-06-30 1.31
2019-03-31 1.46
2018-12-31 1.77
2018-09-30 1.94
2018-06-30 1.87
2018-03-31 1.92
2018-01-01 1.77
2017-09-30 1.89
2017-06-30 2.00
2017-03-31 2.06
2017-01-01 2.17

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • GasLog Partners is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess GasLog Partners's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
GasLog Partners has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has GasLog Partners performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare GasLog Partners's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • GasLog Partners does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare GasLog Partners's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare GasLog Partners's 1-year growth to the Europe Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
GasLog Partners's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from GasLog Partners Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:03G Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 379.75 -67.75 19.40
2019-09-30 350.43 60.08 19.05
2019-06-30 351.93 59.79 19.02
2019-03-31 350.82 65.67 19.17
2018-12-31 386.90 77.48 19.75
2018-09-30 403.96 87.44 18.91
2018-06-30 392.33 87.27 18.02
2018-03-31 386.01 87.53 16.71
2018-01-01 401.81 83.16 15.72
2017-09-30 352.19 81.10 14.47
2017-06-30 331.87 77.88 13.62
2017-03-31 310.69 76.90 13.18
2017-01-01 317.49 72.48 13.21
2016-09-30 262.84 69.67 12.44
2016-06-30 248.26 69.66 12.71
2016-03-31 232.08 65.55 12.24
2016-01-01 248.50 62.64 11.80
2015-09-30 199.18 44.81 10.40
2015-06-30 198.85 36.23 9.32
2015-03-31 185.66 27.44 8.02
2015-01-01 184.22 14.54 6.94
2014-09-30 127.92 13.40 4.73
2014-06-30 98.01 3.82 2.83
2014-03-31 74.02 0.00 1.79
2013-12-31 64.14 0.00 1.52
2013-09-30 42.94 0.22 0.90
2013-06-30 21.73 0.44 0.26
2013-03-31 10.87 -0.21 0.15

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if GasLog Partners has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • GasLog Partners used its assets less efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • It is difficult to establish if GasLog Partners improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess GasLog Partners's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
GasLog Partners has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is GasLog Partners's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up GasLog Partners's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • GasLog Partners's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • GasLog Partners's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of GasLog Partners's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from GasLog Partners Company Filings, last reported 2 months ago.

DB:03G Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 965.97 1,346.02 97.25
2019-09-30 1,108.97 1,370.86 75.52
2019-06-30 1,123.73 1,396.51 89.40
2019-03-31 1,165.32 1,207.03 109.99
2018-12-31 1,252.79 1,365.80 147.99
2018-09-30 1,111.08 1,156.60 178.75
2018-06-30 1,058.27 1,184.44 151.61
2018-03-31 1,026.05 1,053.83 152.54
2018-01-01 1,126.31 1,541.84 153.68
2017-09-30 898.56 1,050.29 192.56
2017-06-30 859.61 923.42 209.14
2017-03-31 723.58 801.89 129.38
2017-01-01 919.68 1,565.77 71.67
2016-09-30 635.76 702.50 109.72
2016-06-30 580.47 716.77 59.70
2016-03-31 578.71 726.86 55.35
2016-01-01 742.64 997.47 68.24
2015-09-30 573.56 771.35 78.20
2015-06-30 587.78 462.08 218.62
2015-03-31 410.32 467.79 46.56
2015-01-01 610.31 929.11 72.33
2014-09-30 413.18 510.15 79.76
2014-06-30 288.34 299.63 55.72
2014-03-31 156.17 390.85 15.90
2013-12-31 156.17 390.85 15.90
2013-09-30
2013-06-30 149.53 401.77 11.52
2013-03-31 106.63 11.43 0.00
  • GasLog Partners's level of debt (139.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (152.2% vs 139.3% today).
  • Debt is not well covered by operating cash flow (17.8%, less than 20% of total debt).
  • GasLog Partners is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess GasLog Partners's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. GasLog Partners has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is GasLog Partners's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
107.37%
Current annual income from GasLog Partners dividends. Estimated to be 28.12% next year.
If you bought €2,000 of GasLog Partners shares you are expected to receive €2,147 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • GasLog Partners's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.7%).
  • GasLog Partners's dividend is above the markets top 25% of dividend payers in Germany (4.97%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:03G Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 9.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 1%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:03G Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.50 1.00
2021-12-31 0.62 6.00
2020-12-31 0.57 6.00
2020-03-30
DB:03G Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-03-03 2.244 97.901
2020-02-06 2.244 52.085
2019-10-30 2.200 15.184
2019-07-25 2.200 11.292
2019-04-25 2.200 10.412
2019-02-26 2.200 9.980
2019-01-30 2.200 9.740
2018-10-25 2.120 9.573
2018-07-26 2.120 8.548
2018-04-27 2.120 8.824
2018-02-12 2.094 8.883
2018-01-31 2.094 8.866
2017-10-26 2.070 8.785
2017-07-27 2.040 8.771
2017-04-27 2.000 8.608
2017-01-27 1.960 8.293
2016-10-27 1.912 9.279
2016-07-28 1.912 9.425
2016-04-28 1.912 9.895
2016-02-12 1.912 11.723
2016-01-28 1.912 13.941
2015-10-29 1.912 13.143
2015-07-30 1.738 9.660
2015-04-30 1.738 7.328
2015-02-17 1.738 6.846
2015-01-29 1.738 7.120
2014-10-30 1.500 6.068
2014-08-01 1.500 4.972

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, GasLog Partners has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but GasLog Partners only paid a dividend in the past 6 years.
Current Payout to shareholders
What portion of GasLog Partners's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.4x coverage).
X
Income/ dividend checks
We assess GasLog Partners's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can GasLog Partners afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. GasLog Partners has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of GasLog Partners's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Andy Orekar
AGE 42
TENURE AS CEO 5.8 years
CEO Bio

Mr. Andrew J. Orekar, also known as Andy, has been Director of Tortoise Acquisition Corp. since February 27, 2019. He has been the Chief Executive Officer of GasLog Partners LP since May 12, 2014 and its has been Director since May 2016. During his 15-year career at Goldman, Sachs & Co., Mr. Orekar served as the Managing Director and Global Head of Chemicals and Agriculture Investment Banking, where he advised multinational companies on strategy and portfolio composition, mergers and acquisitions, corporate finance and capital markets transactions. Mr. Orekar joined Goldman Sachs in 1998 and held positions of increasing responsibility prior to becoming a Managing Director in 2009. Mr. Orekar received B.S. (Wharton School, Finance) and B.A. (English) degrees from the University of Pennsylvania in 1998.

CEO Compensation
  • Insufficient data for Andy to compare compensation growth.
  • Insufficient data for Andy to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the GasLog Partners management team in years:

3.4
Average Tenure
50.5
Average Age
  • The tenure for the GasLog Partners management team is about average.
Management Team

Curt Anastasio

TITLE
Executive Chairman
AGE
62
TENURE
3.8 yrs

Andy Orekar

TITLE
CEO & Director
AGE
42
TENURE
5.8 yrs

Alastair Maxwell

TITLE
Chief Financial Officer
AGE
55
TENURE
3 yrs

Paolo Enoizi

TITLE
Chief Operating Officer
AGE
46
TENURE
0.5 yrs

Phil Corbett

TITLE
Head of Investor Relations

Nicola Lloyd

TITLE
General Counsel

Joseph Nelson

TITLE
Deputy Head of Investor Relations
Board of Directors Tenure

Average tenure and age of the GasLog Partners board of directors in years:

5.4
Average Tenure
62
Average Age
  • The tenure for the GasLog Partners board of directors is about average.
Board of Directors

Curt Anastasio

TITLE
Executive Chairman
AGE
62
TENURE
3.8 yrs

Andy Orekar

TITLE
CEO & Director
AGE
42
TENURE
3.8 yrs

Barry Allardice

TITLE
Independent Director
AGE
71
TENURE
5.4 yrs

Daniel Bradshaw

TITLE
Independent Director
AGE
72
TENURE
5.8 yrs

Pamela Gibson

TITLE
Independent Director
AGE
66
TENURE
5.8 yrs

Peter Livanos

TITLE
Director
AGE
61
TENURE
5.8 yrs

Michael Gialouris

TITLE
Independent Director
AGE
55
TENURE
1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess GasLog Partners's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. GasLog Partners has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

GasLog Partners LP owns, operates, and acquires liquefied natural gas (LNG) carriers under multi-year charters. As of October 30, 2019, it operated a fleet of 15 LNG carriers with an average carrying capacity of approximately 158,000 cubic meters. The company was founded in 2014 and is based in Monaco.

Details
Name: GasLog Partners LP
03G
Exchange: DB
Founded: 2014
$95,059,840
50,180,028
Website: http://www.gaslogmlp.com
Address: GasLog Partners LP
Gildo Pastor Center,
7 Rue du Gabian,
Monaco,
98000,
Monaco
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE GLOP Common Units New York Stock Exchange US USD 07. May 2014
DB 03G Common Units Deutsche Boerse AG DE EUR 07. May 2014
NYSE GLOP.PRC 8.5 CUM PFD UT C New York Stock Exchange US USD 08. Nov 2018
NYSE GLOP.PRB 8.20% PFD UNIT B New York Stock Exchange US USD 10. Jan 2018
Number of employees
Current staff
Staff numbers
0
GasLog Partners employees.
Industry
Oil and Gas Storage and Transportation
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/30 23:36
End of day share price update: 2020/03/30 00:00
Last estimates confirmation: 2020/03/24
Last earnings filing: 2020/03/03
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.