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Enviva Partners

DB:2NV
Snowflake Description

Reasonable growth potential unattractive dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
2NV
DB
$936M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Enviva Partners, LP produces and sells utility-grade wood pellets. The last earnings update was 33 days ago. More info.


Add to Portfolio Compare Print
  • Enviva Partners is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • Enviva Partners has significant price volatility in the past 3 months.
2NV Share Price and Events
7 Day Returns
12.8%
DB:2NV
18.1%
DE Oil and Gas
7.3%
DE Market
1 Year Returns
-14.3%
DB:2NV
21.9%
DE Oil and Gas
-17.7%
DE Market
2NV Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Enviva Partners (2NV) 12.8% -20.9% -26% -14.3% -5.2% -
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
  • 2NV underperformed the Oil and Gas industry which returned 21.9% over the past year.
  • 2NV outperformed the Market in Germany which returned -17.7% over the past year.
Price Volatility
2NV
Industry
5yr Volatility vs Market

Value

 Is Enviva 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 Enviva 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 Enviva Partners.

DB:2NV Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-12-31) in USD $ 3.0562755555556
Payout Ratio Company Filings (2019-12-31) 43356.9%
Discount Rate (Cost of Equity) See below 5.9%
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:2NV
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- 21%) (68.19%))
1.163
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.16
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.163 * 5.44%)
5.94%

Discounted Cash Flow Calculation for DB:2NV using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Enviva Partners is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

DB:2NV Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= $3.06 / (5.94% - -0.39%)
$17.15
DB:2NV Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:2NV represents 0.89817x of NYSE:EVA
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.89817x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 21.26 x 0.89817
€19.10
Value per share (EUR) From above. €19.10
Current discount Discount to share price of €25.01
= -1 x (€25.01 - €19.10) / €19.10
-30.9%

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

  • The current share price of Enviva Partners is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Enviva Partners's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Enviva Partners's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:2NV PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $-0.54
NYSE:EVA Share Price ** NYSE (2020-03-30) in USD $27.84
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 Enviva Partners.

DB:2NV PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 27.84 ÷ -0.54

-51.28x

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

  • Enviva Partners is loss making, we can't compare its value to the Europe Oil and Gas industry average.
  • Enviva Partners is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Enviva Partners's expected growth come at a high price?
Raw Data
DB:2NV PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -51.28x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
97.8%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 Enviva Partners, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Enviva Partners's assets?
Raw Data
DB:2NV PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $11.43
NYSE:EVA Share Price * NYSE (2020-03-30) in USD $27.84
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:2NV PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 27.84 ÷ 11.43

2.44x

* Primary Listing of Enviva Partners.

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

  • Enviva Partners is overvalued based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Enviva 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. Enviva Partners has a total score of 0/6, 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 Enviva Partners expected to perform in the next 1 to 3 years based on estimates from 3 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
97.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Enviva Partners expected to grow at an attractive rate?
  • Enviva Partners's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Enviva Partners's earnings growth is expected to exceed the Germany market average.
  • Enviva Partners's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:2NV Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:2NV Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 97.8%
DB:2NV Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 11.5%
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:2NV Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:2NV Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 917 1
2021-12-31 942 120 59 3
2020-12-31 849 106 35 3
2020-03-31
DB:2NV Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 684 54 -17
2019-09-30 653 57 -6
2019-06-30 639 60 1
2019-03-31 607 44 10
2018-12-31 574 84 1
2018-09-30 566 83 0
2018-06-30 554 72 -6
2018-03-31 543 79 -5
2017-12-31 541 87 17
2017-09-30 504 75 2
2017-06-30 483 51 10
2017-03-31 478 74 18

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Enviva Partners's earnings are expected to grow significantly at over 20% yearly.
  • Enviva Partners's revenue is expected to grow by 11.5% yearly, however this is not considered high growth (20% yearly).
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:2NV Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Enviva Partners Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:2NV Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31 1.05 1.05 1.05 1.00
2020-12-31 0.82 0.82 0.82 1.00
2020-03-31
DB:2NV Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 -0.54
2019-09-30 -0.20
2019-06-30 0.02
2019-03-31 0.40
2018-12-31 0.04
2018-09-30 0.00
2018-06-30 -0.25
2018-03-31 -0.21
2017-12-31 0.65
2017-09-30 0.08
2017-06-30 0.37
2017-03-31 0.72

*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.
  • Unable to establish if Enviva Partners will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Enviva 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.
Enviva Partners has a total score of 4/6, 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 Enviva 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 Enviva 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.
  • Enviva Partners does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Enviva Partners's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Enviva Partners's 1-year growth to the Europe Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Enviva 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 Enviva Partners Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:2NV Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 684.39 -17.26 36.39
2019-09-30 652.53 -6.13 28.30
2019-06-30 639.27 0.55 27.87
2019-03-31 606.79 10.49 24.96
2018-12-31 573.74 1.09 22.31
2018-09-30 566.07 0.07 26.48
2018-06-30 554.17 -6.48 26.37
2018-03-31 543.40 -5.43 27.11
2017-12-31 540.52 17.16 26.51
2017-09-30 504.35 2.13 28.15
2017-06-30 482.89 9.59 33.29
2017-03-31 477.77 18.19 31.65
2016-12-31 464.28 23.53 32.27
2016-09-30 454.57 40.94 33.78
2016-06-30 460.36 34.62 25.56
2016-03-31 450.31 28.51 23.28
2015-12-31 457.37 19.04 22.63
2015-09-30 419.54 14.42 15.90
2015-06-30 379.06 11.14 14.60
2015-03-31 337.95 3.60 12.98
2014-12-31 290.14 -0.26 14.37
2014-09-30 279.15 0.68 10.15
2014-06-30 239.54 -4.21 11.68
2013-12-31 179.89 -5.44 16.11
2013-09-30 148.18 -11.75 19.86

*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 Enviva Partners has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • Enviva 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 Enviva 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 Enviva 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.
Enviva 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 Enviva 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 Enviva Partners's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Enviva Partners's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Enviva Partners's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Enviva 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 0.2x 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 Enviva Partners Company Filings, last reported 3 months ago.

DB:2NV Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 232.58 595.48 9.11
2019-09-30 251.88 540.36 2.48
2019-06-30 253.16 521.69 5.21
2019-03-31 215.47 474.02 107.07
2018-12-31 146.72 427.86 2.97
2018-09-30 155.74 409.52 1.40
2018-06-30 158.63 429.54 14.27
2018-03-31 169.26 400.79 5.48
2017-12-31 210.37 401.02 0.52
2017-09-30 277.20 343.12 9.54
2017-06-30 287.47 343.71 1.12
2017-03-31 299.69 345.08 11.92
2016-12-31 376.86 351.08 0.47
2016-09-30 328.26 206.87 21.40
2016-06-30 322.41 206.74 19.81
2016-03-31 322.66 207.16 3.64
2015-12-31 395.78 207.63 2.13
2015-09-30 355.01 176.84 75.16
2015-06-30 354.87 177.51 76.67
2015-03-31 274.10 87.60 5.65
2014-12-31 274.53 94.18 0.59
2014-09-30 270.37 100.03 2.98
2014-06-30 267.05 101.34 4.46
2013-12-31 271.41 100.63 3.56
2013-09-30 259.41 103.29 9.48
  • Enviva Partners's level of debt (256%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (34.3% vs 256% today).
  • Debt is not well covered by operating cash flow (9%, less than 20% of total debt).
  • Enviva Partners is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Enviva 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. Enviva Partners has a total score of 0/6, 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 Enviva 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
9.7%
Current annual income from Enviva Partners dividends. Estimated to be 10.98% next year.
If you bought €2,000 of Enviva Partners shares you are expected to receive €194 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?
  • Enviva Partners's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.7%).
  • Enviva 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:2NV 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 3 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:2NV Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 3.23 1.00
2021-12-31 3.18 4.00
2020-12-31 2.89 4.00
2020-03-31
DB:2NV Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-01-29 2.700 8.270
2019-10-31 2.680 7.461
2019-10-30 2.680 8.052
2019-07-31 2.640 8.483
2019-05-09 2.580 8.376
2019-05-08 2.580 8.052
2019-01-30 2.560 8.246
2018-10-31 2.540 8.790
2018-08-01 2.520 8.054
2018-05-03 2.500 8.516
2018-01-31 2.480 9.128
2017-11-02 2.460 8.730
2017-08-02 2.280 7.754
2017-05-03 2.220 7.953
2017-02-01 2.140 7.596
2016-11-02 2.120 7.825
2016-08-03 2.100 8.126
2016-05-05 2.040 9.051
2016-02-03 1.840 9.013
2015-10-28 1.760 11.028
2015-07-29 1.650 12.076

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

  • Whilst dividend payments have been stable, Enviva Partners has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Enviva Partners only paid a dividend in the past 5 years.
Current Payout to shareholders
What portion of Enviva 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 not well covered by earnings (1x coverage).
X
Income/ dividend checks
We assess Enviva 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 Enviva Partners afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Enviva Partners has a total score of 2/6, 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 Enviva 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
John Keppler
COMPENSATION $1,019,997
AGE 48
TENURE AS CEO 6.3 years
CEO Bio

Mr. John K. Keppler has been the Chairman, President and Chief Executive Officer of Enviva Partners GP LLC - general partner of Enviva Partners, LP (formerly Enviva, LLC, Intrinergy, LLC) since November 12, 2013. Mr. Keppler is also the Co-Founder, Chief Executive Officer and President of Enviva LP. He serves as the Chairman and Chief Executive Officer of Enviva Pellets, LLC. Mr. Keppler co-founded Intrinergy, the predecessor to the sponsor, in 2004 and is responsible for setting Enviva’s strategic direction and leading the company’s growth. From 2002 to 2004, Mr. Keppler was the Director of Corporate Strategy in the Office of the Vice Chairman with America Online and prior to that, he was Senior Manager, Business Affairs and Development with America Online from 2001 to 2002. Over the course of Mr. Keppler’s career, he has gained extensive experience growing innovative ideas into successful businesses across a broad range of industries and has developed a wealth of experience in business strategy and operations and a keen knowledge of the renewable energy sector. For the past ten years, Mr. Keppler has been responsible for setting strategic direction and leading the company’s growth from a start-up company to the world’s leading producer of wood biomass fuels. He has been a Director of Enviva Partners GP LLC since November 12, 2013. Mr. Keppler holds a bachelor of arts degree in political economy from the University of California, Berkeley, as well as an MBA from The Darden Graduate School of Business Administration at The University of Virginia.

CEO Compensation
  • John's compensation has been consistent with company performance over the past year, both up more than 20%.
  • John's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

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

3
Average Tenure
46
Average Age
  • The tenure for the Enviva Partners management team is about average.
Management Team

John Keppler

TITLE
Chairman
COMPENSATION
$1M
AGE
48
TENURE
6.3 yrs

Shai Even

TITLE
Executive VP & CFO of Enviva Partners GP LLC
COMPENSATION
$490K
AGE
50
TENURE
1.7 yrs

Edward Smith

TITLE
Executive Vice President of Operations - Enviva Partners GP LLC
COMPENSATION
$927K
AGE
46
TENURE
3.6 yrs

Bill Schmidt

TITLE
Executive VP of Corporate Development & General Counsel of Enviva Partners GP LLC
AGE
46
TENURE
6.3 yrs

Jason Paral

TITLE
VP, Associate General Counsel

Yana Kravtsova

TITLE
Executive Vice President of Communications
AGE
43
TENURE
0.3 yrs

Thomas Meth

TITLE
Executive Vice President of Sales & Marketing - Enviva Partners GP LLC
AGE
46
TENURE
6.3 yrs

Nic Lane

TITLE
Executive Vice President of Human Capital - Enviva Partners GP LLC
AGE
38
TENURE
2 yrs

Norb Hintz

TITLE
Senior VP & Chief Engineer

Jennifer Jenkins

TITLE
Vice President & Chief Sustainability Officer
TENURE
2.4 yrs
Board of Directors Tenure

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

4.8
Average Tenure
62.5
Average Age
  • The tenure for the Enviva Partners board of directors is about average.
Board of Directors

John Keppler

TITLE
Chairman
COMPENSATION
$1M
AGE
48
TENURE
6.3 yrs

Ralph Alexander

TITLE
Director of Enviva Partners GP LLC
COMPENSATION
$94K
AGE
64
TENURE
6.3 yrs

Carl Williams

TITLE
Director of Enviva Partners GP LLC
COMPENSATION
$101K
AGE
43
TENURE
6.3 yrs

John Bumgarner

TITLE
Independent Director of Enviva Partners GP LLC
COMPENSATION
$293K
AGE
77
TENURE
4.8 yrs

Bill Reilly

TITLE
Independent Director of Enviva Partners GP LLC
COMPENSATION
$221K
AGE
79
TENURE
4.8 yrs

Janet Wong

TITLE
Independent Director of Enviva Partners GP LLC
COMPENSATION
$263K
AGE
61
TENURE
4.8 yrs

Robin J. Duggan

TITLE
Director of Enviva Partners GP LLC
COMPENSATION
$94K
AGE
53
TENURE
6.3 yrs

Chris Hunt

TITLE
Director of Enviva Partners GP LLC
COMPENSATION
$95K
AGE
55
TENURE
3.8 yrs

Gary Whitlock

TITLE
Independent Director of Enviva Partners GP LLC
COMPENSATION
$246K
AGE
69
TENURE
3.8 yrs

Jim Derryberry

TITLE
Director of Enviva Partners GP LLC
COMPENSATION
$97K
AGE
74
TENURE
1.7 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 (€)
03. Apr 19 Buy Riverstone Holdings LLC Company 02. Apr 19 02. Apr 19 1,681,237 €26.58 €44,694,990
X
Management checks
We assess Enviva 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. Enviva 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

Enviva Partners, LP produces and sells utility-grade wood pellets. The company’s products are used as a substitute for coal in dedicated and co-fired power generation, and combined heat and power plants. It serves power generators primarily in the United Kingdom, Europe, and Japan. Enviva Partners GP, LLC operates as the general partner of the company. Enviva Partners, LP was founded in 2013 and is based in Bethesda, Maryland.

Details
Name: Enviva Partners, LP
2NV
Exchange: DB
Founded: 2013
$847,997,966
33,605,138
Website: http://www.envivabiomass.com
Address: Enviva Partners, LP
7200 Wisconsin Avenue,
Suite 1000,
Bethesda,
Maryland, 20814,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE EVA Common Units New York Stock Exchange US USD 30. Apr 2015
DB 2NV Common Units Deutsche Boerse AG DE EUR 30. Apr 2015
Number of employees
Current staff
Staff numbers
0
Enviva Partners employees.
Industry
Coal and Consumable Fuels
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/31 00:19
End of day share price update: 2020/03/30 00:00
Last estimates confirmation: 2020/03/18
Last earnings filing: 2020/02/27
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.