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Calumet Specialty Products Partners

DB:C1A
Snowflake Description

Reasonable growth potential and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
C1A
DB
$93M
Imp Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Calumet Specialty Products Partners, L.P. The last earnings update was 25 days ago. More info.


Add to Portfolio Compare Print
  • Calumet Specialty Products Partners is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • Calumet Specialty Products Partners has significant price volatility in the past 3 months.
C1A Share Price and Events
7 Day Returns
0%
DB:C1A
18.1%
DE Oil and Gas
7.3%
DE Market
1 Year Returns
-66.8%
DB:C1A
21.9%
DE Oil and Gas
-17.7%
DE Market
C1A Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Calumet Specialty Products Partners (C1A) 0% -62.5% -68.8% -66.8% -70% -95.3%
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
  • C1A underperformed the Oil and Gas industry which returned 21.9% over the past year.
  • C1A underperformed the Market in Germany which returned -17.7% over the past year.
Price Volatility
C1A
Industry
5yr Volatility vs Market

Value

 Is Calumet Specialty Products 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 Calumet Specialty Products 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 Calumet Specialty Products Partners.

DB:C1A Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 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:C1A
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%) (1548.83%))
7.496
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:C1A using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Calumet Specialty Products 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:C1A DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.49%)
2020 34.50 Analyst x2 31.22
2021 31.00 Analyst x1 25.39
2022 28.83 Est @ -7% 21.37
2023 27.38 Est @ -5.02% 18.37
2024 26.39 Est @ -3.63% 16.02
2025 25.69 Est @ -2.66% 14.12
2026 25.18 Est @ -1.98% 12.52
2027 24.80 Est @ -1.5% 11.17
2028 24.51 Est @ -1.17% 9.99
2029 24.28 Est @ -0.93% 8.95
Present value of next 10 years cash flows $169.00
DB:C1A DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $24.28 × (1 + -0.39%) ÷ (10.49% – -0.39%)
$222.30
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $222.30 ÷ (1 + 10.49%)10
$81.98
DB:C1A Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $169.00 + $81.98
$250.98
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $250.98 / 79.42
$3.16
DB:C1A Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:C1A represents 0.97222x of NasdaqGS:CLMT
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.97222x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 3.16 x 0.97222
€3.07
Value per share (EUR) From above. €3.07
Current discount Discount to share price of €1.05
= -1 x (€1.05 - €3.07) / €3.07
65.8%

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

Current Discount
Amount off the current price Calumet Specialty Products Partners is available for.
Intrinsic value
>50%
Share price is €1.05 vs Future cash flow value of €3.07
Current Discount Checks
For Calumet Specialty Products Partners to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Calumet Specialty Products Partners's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Calumet Specialty Products 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 Calumet Specialty Products Partners's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Calumet Specialty Products Partners's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:C1A PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $-0.55
NasdaqGS:CLMT Share Price ** NasdaqGS (2020-03-30) in USD $1.08
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 Calumet Specialty Products Partners.

DB:C1A PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:CLMT Share Price ÷ EPS (both in USD)

= 1.08 ÷ -0.55

-1.98x

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

  • Calumet Specialty Products Partners is loss making, we can't compare its value to the Europe Oil and Gas industry average.
  • Calumet Specialty Products Partners is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Calumet Specialty Products Partners's expected growth come at a high price?
Raw Data
DB:C1A PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.98x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
72.5%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 Calumet Specialty Products Partners, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Calumet Specialty Products Partners's assets?
Raw Data
DB:C1A PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $0.12
NasdaqGS:CLMT Share Price * NasdaqGS (2020-03-30) in USD $1.08
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:C1A PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:CLMT Share Price ÷ Book Value per Share (both in USD)

= 1.08 ÷ 0.12

8.73x

* Primary Listing of Calumet Specialty Products Partners.

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

  • Calumet Specialty Products Partners is overvalued based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Calumet Specialty Products 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. Calumet Specialty Products Partners has a total score of 2/6, 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 Calumet Specialty Products Partners expected to perform in the next 1 to 3 years based on estimates from 2 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
72.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Calumet Specialty Products Partners expected to grow at an attractive rate?
  • Calumet Specialty Products Partners's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Calumet Specialty Products Partners's earnings growth is expected to exceed the Germany market average.
  • Calumet Specialty Products 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:C1A Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:C1A Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 72.5%
DB:C1A Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts -13.2%
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:C1A Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:C1A Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 2,229 1 1
2021-12-31 2,627 -9 2
2020-12-31 2,273 -36 2
2020-03-30
DB:C1A Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 3,453 192 -43
2019-09-30 3,526 258 14
2019-06-30 3,550 188 3
2019-03-31 3,598 122 -31
2018-12-31 3,498 75 -50
2018-09-30 3,533 -53 -86
2018-06-30 3,606 -14 -95
2018-03-31 3,628 -5 -34
2017-12-31 3,764 -27 -29
2017-09-30 3,702 20 -58
2017-06-30 3,642 20 -66
2017-03-31 3,648 20 -222

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Calumet Specialty Products Partners's earnings are expected to grow significantly at over 20% yearly.
  • Calumet Specialty Products 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:C1A 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 2 Analyst Estimates (S&P Global) See Below

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

DB:C1A Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31 -0.03 0.80 -0.85 2.00
2020-12-31 -0.39 0.42 -1.61 3.00
2020-03-30
DB:C1A Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 -0.55
2019-09-30 0.18
2019-06-30 0.03
2019-03-31 -0.40
2018-12-31 -0.64
2018-09-30 -1.10
2018-06-30 -1.23
2018-03-31 -0.43
2017-12-31 -0.38
2017-09-30 -0.75
2017-06-30 -0.85
2017-03-31 -2.88

*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.
  • Calumet Specialty Products Partners is expected to make outstanding use of shareholders’ funds in the future (Return on Equity greater than 40%).
X
Future performance checks
We assess Calumet Specialty Products 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.
Calumet Specialty Products 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 Calumet Specialty Products 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 Calumet Specialty Products 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.
  • Calumet Specialty Products 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 Calumet Specialty Products Partners's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Calumet Specialty Products Partners's 1-year growth to the Europe Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Calumet Specialty Products 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 Calumet Specialty Products Partners Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:C1A 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 3,452.60 -42.70 312.90
2019-09-30 3,525.80 13.80 324.40
2019-06-30 3,549.70 2.70 324.30
2019-03-31 3,598.30 -31.10 316.10
2018-12-31 3,497.50 -49.90 317.60
2018-09-30 3,533.30 -85.60 326.20
2018-06-30 3,606.30 -95.40 337.20
2018-03-31 3,627.80 -33.60 344.80
2017-12-31 3,763.80 -29.20 341.80
2017-09-30 3,701.80 -58.40 290.40
2017-06-30 3,641.90 -65.70 302.30
2017-03-31 3,647.80 -222.30 315.20
2016-12-31 3,474.30 -290.20 329.30
2016-09-30 3,550.50 -362.60 404.80
2016-06-30 3,723.90 -382.10 414.30
2016-03-31 3,907.20 -238.80 430.10
2015-12-31 3,930.30 -99.40 351.30
2015-09-30 4,654.20 -101.00 455.20
2015-06-30 5,190.00 -43.40 461.40
2015-03-31 5,468.70 -53.70 452.50
2014-12-31 5,791.10 -125.40 418.50
2014-09-30 5,694.80 -78.20 376.70
2014-06-30 5,524.50 -121.60 328.80
2014-03-31 5,443.80 -105.80 295.50
2013-12-31 5,421.40 -11.50 286.20
2013-09-30 5,399.20 49.90 268.20
2013-06-30 5,073.50 127.60 259.70
2013-03-31 4,806.30 186.60 237.00

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

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Calumet Specialty Products Partners's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Calumet Specialty Products Partners's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Calumet Specialty Products 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 0.4x 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 Calumet Specialty Products Partners Company Filings, last reported 2 months ago.

DB:C1A Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 21.60 1,342.90 19.10
2019-09-30 62.80 1,543.90 164.20
2019-06-30 67.10 1,600.30 173.50
2019-03-31 83.50 1,651.90 152.90
2018-12-31 65.70 1,709.80 155.70
2018-09-30 51.20 1,698.50 65.50
2018-06-30 66.60 1,668.40 38.80
2018-03-31 115.40 2,054.90 146.60
2017-12-31 119.90 2,095.40 164.30
2017-09-30 201.60 2,039.00 26.50
2017-06-30 224.00 2,048.10 26.60
2017-03-31 213.30 2,012.80 4.60
2016-12-31 218.70 1,997.20 4.20
2016-09-30 294.20 1,954.80 17.80
2016-06-30 331.50 1,968.80 32.20
2016-03-31 478.50 1,911.10 7.20
2015-12-31 603.90 1,773.40 5.60
2015-09-30 763.90 1,678.90 6.20
2015-06-30 871.70 1,674.20 11.70
2015-03-31 939.10 1,842.60 273.80
2014-12-31 810.20 1,678.80 11.00
2014-09-30 945.70 1,640.50 13.80
2014-06-30 950.90 1,574.60 17.60
2014-03-31 1,003.60 1,515.80 180.10
2013-12-31 1,062.80 1,106.00 124.80
2013-09-30 1,204.80 859.40 136.60
2013-06-30 1,282.60 858.90 163.90
2013-03-31 1,060.90 887.70 12.90
  • Calumet Specialty Products Partners's level of debt (6217.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (201.7% vs 6217.1% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making Calumet Specialty Products Partners has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Calumet Specialty Products Partners has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -30.9% per year.
X
Financial health checks
We assess Calumet Specialty Products 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. Calumet Specialty Products Partners has a total score of 2/6, 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 Calumet Specialty Products 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
0%
Current annual income from Calumet Specialty Products Partners dividends. Estimated to be 0% next year.
If you bought €2,000 of Calumet Specialty Products Partners shares you are expected to receive €0 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?
  • Unable to evaluate Calumet Specialty Products Partners's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Calumet Specialty Products Partners's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:C1A 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 2 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:C1A Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.00 1.00
2021-12-31 0.00 1.00
2020-12-31 0.00 1.00
2020-03-30
DB:C1A Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2017-12-28 0.000 0.000
2017-08-07 0.000 0.000
2017-08-04 0.000 0.000
2017-05-09 0.000 0.000
2017-05-04 0.000 0.000
2017-03-06 0.000 0.000
2017-02-24 0.000 0.000
2016-11-09 0.000 0.000
2016-11-03 0.000 0.000
2016-08-05 0.000 0.000
2016-08-04 0.000 0.000
2016-04-18 0.000 0.000
2016-01-19 2.740 22.294
2015-10-23 2.740 12.223
2015-07-21 2.740 10.615
2015-04-20 2.740 10.270
2015-01-23 2.740 10.581
2014-10-21 2.740 10.930
2014-07-24 2.740 9.550
2014-04-22 2.740 8.834
2014-01-24 2.740 10.282
2013-10-22 2.740 9.802
2013-07-22 2.740 9.130
2013-04-22 2.720 7.674
2013-01-14 2.600 7.241
2012-10-16 2.480 8.002
2012-07-20 2.360 8.399
2012-04-18 2.240 9.304
2012-01-23 2.120 8.771
2011-10-11 2.000 10.351
2011-07-22 1.980 10.490
2011-04-08 1.900 8.694
2011-01-14 1.880 8.497
2010-10-13 1.840 8.584
2010-07-09 1.820 9.724
2010-04-12 1.820 9.693
2010-01-05 1.820 8.968
2009-10-20 1.800 10.321
2009-07-20 1.800 11.857
2009-04-16 1.800 13.617

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

  • Unable to perform a dividend volatility check as Calumet Specialty Products Partners has not reported any payouts.
  • Unable to verify if Calumet Specialty Products Partners's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Calumet Specialty Products Partners's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Calumet Specialty Products Partners has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Calumet Specialty Products Partners's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess Calumet Specialty Products 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 Calumet Specialty Products Partners afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Calumet Specialty Products Partners has a total score of 0/6, 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 Calumet Specialty Products 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
Tim Go
COMPENSATION $1,486,139
AGE 52
TENURE AS CEO 4.2 years
CEO Bio

Mr. Timothy Go, also known as Tim, has been the Chief Executive Officer of Calumet GP LLC, the General Partner of Calumet Specialty Products Partners LP since January 1, 2016. Mr. Go is responsible for Calumet's long-term strategy to become the premier global producer and distributor of specialty petroleum products. Mr. Go has more than 25 years of experience serving in executive-level roles at leading companies operating in the petroleum refining and specialty products markets. He served as Managing Director of Operations Excellence of Koch Industries, Inc., since August 2008 until June 2011. Mr. Go served as Vice President of Operations at Flint Hills Resources, L.P. since June 2012 and Vice President of Operations Excellence from June 2011 to July 2013. He led the integration of Flint Hills Resources' $2 billion acquisition of PetroLogistics' propane dehydrogenation plant; managed the operations of multiple specialty chemical plants; and established centers of operational excellence for Flint Hills Resources. Previously, Mr. Go spent nearly 20 years in various senior level operations and management roles at ExxonMobil Corporation. Earlier in his career, Mr. Go managed ExxonMobil's 187,000 barrels-per-day Strathcona refinery in Edmonton, Canada, while also serving in a variety of operations, crude logistics and strategic planning roles for ExxonMobil in the Gulf Coast and around the world. Mr. Go received a B.S. in Chemical Engineering from the University of Texas at Austin.

CEO Compensation
  • Tim's compensation has increased whilst company is loss making.
  • Tim's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Calumet Specialty Products Partners management team in years:

2.1
Average Tenure
52
Average Age
  • The tenure for the Calumet Specialty Products Partners management team is about average.
Management Team

Tim Go

TITLE
Chief Executive Officer of Calumet GP
COMPENSATION
$1M
AGE
52
TENURE
4.2 yrs

Bill Grube

TITLE
Executive Vice Chairman of Calumet GP
COMPENSATION
$698K
AGE
71

Bruce Fleming

TITLE
Executive Vice President of Strategy & Growth - Calumet GP
COMPENSATION
$1M
AGE
62
TENURE
4 yrs

H. Jennings

TITLE
Executive VP & CFO of Calumet GP
AGE
49
TENURE
0.2 yrs

Chris Hodges

TITLE
Alpha IR

Scott Obermeier

TITLE
Executive Vice President of Commercial
AGE
46
TENURE
0.2 yrs
Board of Directors Tenure

Average tenure and age of the Calumet Specialty Products Partners board of directors in years:

7.3
Average Tenure
64.5
Average Age
  • The tenure for the Calumet Specialty Products Partners board of directors is about average.
Board of Directors

Fred Fehsenfeld

TITLE
Chairman of the Board of Calumet GP
COMPENSATION
$179K
AGE
68
TENURE
14.5 yrs

Bill Grube

TITLE
Executive Vice Chairman of Calumet GP
COMPENSATION
$698K
AGE
71
TENURE
9.2 yrs

James Carter

TITLE
Independent Director of Calumet GP
COMPENSATION
$194K
AGE
70
TENURE
14.2 yrs

Dan Sajkowski

TITLE
Director of Calumet GP
COMPENSATION
$178K
AGE
60
TENURE
5.5 yrs

Steve Mawer

TITLE
CEO of Calumet GP
COMPENSATION
$196K
AGE
54
TENURE
4 yrs

Robert Funk

TITLE
Independent Director of Calumet GP
COMPENSATION
$184K
AGE
73
TENURE
14.2 yrs

Amy Schumacher

TITLE
Director of Calumet GP
COMPENSATION
$179K
AGE
48
TENURE
5.5 yrs

Dan Sheets

TITLE
Independent Director of Calumet GP
COMPENSATION
$183K
AGE
61
TENURE
1.4 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 Calumet Specialty Products 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. Calumet Specialty Products 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

Calumet Specialty Products Partners, L.P. produces and sells specialty hydrocarbon products in North America and internationally. It operates in two segments, Specialty Products and Fuel Products. The Specialty Products segment offers various lubricating oils, white mineral oils, solvents, petrolatums, waxes, synthetic lubricants, and other products, which are used primarily as raw material components for basic industrial, consumer, and automotive goods. The Fuel Products segment provides fuel and fuel-related products, including gasoline, diesel, jet fuel, asphalt, and heavy fuel oils, as well as resells purchased crude oil to third party customers. Calumet GP, LLC serves as the general partner for Calumet Specialty Products Partners, L.P. The company was founded in 1916 and is headquartered in Indianapolis, Indiana.

Details
Name: Calumet Specialty Products Partners, L.P.
C1A
Exchange: DB
Founded: 1916
$84,224,054
$82,539,574
79,420,092
Website: http://www.calumetspecialty.com
Address: Calumet Specialty Products Partners, L.P.
2780 Waterfront Parkway East Drive,
Suite 200,
Indianapolis,
Indiana, 46214,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS CLMT Common Units Nasdaq Global Select US USD 26. Jan 2006
DB C1A Common Units Deutsche Boerse AG DE EUR 26. Jan 2006
Number of employees
Current staff
Staff numbers
1,500
Calumet Specialty Products Partners employees.
Industry
Oil and Gas Refining and Marketing
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/30 21:29
End of day share price update: 2020/03/30 00:00
Last estimates confirmation: 2020/03/26
Last earnings filing: 2020/03/05
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.