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Global Partners

DB:G4K
Snowflake Description

Good value second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
G4K
DB
$290M
Imp Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Global Partners LP engages in the purchasing, selling, gathering, blending, storing, and logistics of transporting gasoline and gasoline blendstocks, distillates, residual oil, renewable fuels, crude oil, and propane to wholesalers, retailers, and commercial customers in the New England states and New York. The last earnings update was 33 days ago. More info.


Add to Portfolio Compare Print
  • Global Partners is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • Global Partners has significant price volatility in the past 3 months.
G4K Share Price and Events
7 Day Returns
-0%
DB:G4K
6.5%
DE Oil and Gas
2.1%
DE Market
1 Year Returns
-54.8%
DB:G4K
28.1%
DE Oil and Gas
-16.6%
DE Market
G4K Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Global Partners (G4K) -0% -39.5% -57.5% -54.8% -59.1% -
DE Oil and Gas 6.5% -7.3% -23.7% 28.1% -18.9% 149.7%
DE Market 2.1% -12.6% -22.9% -16.6% -21.9% -27.8%
1 Year Return vs Industry and Market
  • G4K underperformed the Oil and Gas industry which returned 28.1% over the past year.
  • G4K underperformed the Market in Germany which returned -16.6% over the past year.
Price Volatility
G4K
Industry
5yr Volatility vs Market

G4K Value

 Is Global 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 Global 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 Global Partners.

DB:G4K Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-12-31) in USD $ 2.12
Payout Ratio Company Filings (2019-12-31) 6656.9%
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:G4K
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 0.95
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.948 (1 + (1- 21%) (573.7%))
3.843
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:G4K using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Global 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:G4K Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= $2.12 / (10.49% - -0.39%)
$13.89
DB:G4K Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:G4K represents 0.84438x of NYSE:GLP
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.84438x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 19.49 x 0.84438
€16.45
Value per share (EUR) From above. €16.45
Current discount Discount to share price of €7.67
= -1 x (€7.67 - €16.45) / €16.45
53.4%

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

Current Discount
Amount off the current price Global Partners is available for.
Intrinsic value
>50%
Share price is €7.67 vs Future cash flow value of €16.45
Current Discount Checks
For Global Partners to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Global Partners's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Global 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 Global Partners's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Global Partners's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:G4K PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $0.82
NYSE:GLP Share Price ** NYSE (2020-04-07) in USD $9.08
Europe Oil and Gas Industry PE Ratio Median Figure of 104 Publicly-Listed Oil and Gas Companies 6.51x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 16.83x

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

** Primary Listing of Global Partners.

DB:G4K PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 9.08 ÷ 0.82

11.06x

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

  • Global Partners is overvalued based on earnings compared to the Europe Oil and Gas industry average.
  • Global Partners is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Global Partners's expected growth come at a high price?
Raw Data
DB:G4K PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.06x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
-24.9%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 66 Publicly-Listed Oil and Gas Companies 0.32x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.22x

*Line of best fit is calculated by linear regression .

DB:G4K PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.06x ÷ -24.9%

-0.44x

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

  • Global Partners earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Global Partners's assets?
Raw Data
DB:G4K PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $11.62
NYSE:GLP Share Price * NYSE (2020-04-07) in USD $9.08
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 1x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.45x
DB:G4K PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 9.08 ÷ 11.62

0.78x

* Primary Listing of Global Partners.

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

  • Global Partners is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Global 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. Global Partners has a total score of 4/6, 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.

G4K Future Performance

 How is Global 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
-24.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Global Partners expected to grow at an attractive rate?
  • Global Partners's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Global Partners's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • Global Partners's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:G4K Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:G4K Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts -24.9%
DB:G4K Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 5.5%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13.1%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 1.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*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:G4K Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 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:G4K Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31
2021-12-31 14,582 118 17 2
2020-12-31 13,202 117 20 2
2020-04-08
DB:G4K Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 13,082 94 28
2019-09-30 13,007 324 81
2019-06-30 13,230 152 53
2019-03-31 12,849 186 47
2018-12-31 12,673 169 100
2018-09-30 11,799 -60 68
2018-06-30 10,490 122 98
2018-03-31 9,453 127 94
2017-12-31 8,921 348 58
2017-09-30 8,832 228 -25
2017-06-30 8,703 150 -159
2017-03-31 8,760 51 -168

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Global Partners's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Global Partners's revenue is expected to grow by 5.5% 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:G4K 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 2 Analyst Estimates (S&P Global) See Below

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

DB:G4K Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31 1.93 1.93 1.93 1.00
2023-12-31 2.00 2.00 2.00 1.00
2022-12-31 2.10 2.10 2.10 1.00
2021-12-31 0.99 2.20 0.30 4.00
2020-12-31 0.46 0.53 0.34 4.00
2020-04-08
DB:G4K Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 0.82
2019-09-30 2.39
2019-06-30 1.56
2019-03-31 1.38
2018-12-31 2.97
2018-09-30 2.03
2018-06-30 2.92
2018-03-31 2.80
2017-12-31 1.74
2017-09-30 -0.75
2017-06-30 -4.73
2017-03-31 -5.02

*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 Global Partners will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Global 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.
Global Partners has a total score of 1/6, 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.

G4K Past Performance

  How has Global 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 Global 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.
  • Global Partners's year on year earnings growth rate has been positive over the past 5 years.
  • Global Partners's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Global Partners's 1-year earnings growth is negative, it can't be compared to the Europe Oil and Gas industry average.
Earnings and Revenue History
Global 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 Global Partners Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:G4K 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 13,081.73 27.76 570.69
2019-09-30 13,007.12 80.88 565.08
2019-06-30 13,230.30 52.81 541.33
2019-03-31 12,849.34 46.68 515.31
2018-12-31 12,672.60 100.18 488.22
2018-09-30 11,798.79 68.32 467.45
2018-06-30 10,489.70 98.16 455.82
2018-03-31 9,452.66 94.21 445.50
2017-12-31 8,920.55 58.36 437.98
2017-09-30 8,832.49 -25.16 447.39
2017-06-30 8,702.94 -158.69 446.32
2017-03-31 8,759.61 -168.31 452.20
2016-12-31 8,239.64 -198.08 438.22
2016-09-30 8,096.65 -135.26 461.81
2016-06-30 8,552.66 -11.13 472.10
2016-03-31 9,086.55 0.68 473.83
2015-12-31 10,314.85 35.90 478.65
2015-09-30 11,678.36 64.26 469.05
2015-06-30 13,242.61 99.76 444.08
2015-03-31 15,132.14 81.46 415.02
2014-12-31 17,269.95 108.73 387.83
2014-09-30 18,532.24 115.46 382.73
2014-06-30 18,915.21 99.35 362.61
2014-03-31 19,117.35 117.16 351.25
2013-12-31 19,589.61 39.09 336.70
2013-09-30 19,911.63 28.52 322.08
2013-06-30 20,095.40 10.33 310.52

*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.
  • Global Partners has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Global Partners used its assets less efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • Global Partners has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Global 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.
Global Partners has a total score of 2/6, 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.

G4K Health

 How is Global 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 Global Partners's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Global Partners is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Global Partners's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Global 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 0.8x 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 Global Partners Company Filings, last reported 3 months ago.

DB:G4K Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 459.24 1,207.13 12.04
2019-09-30 481.75 1,140.00 5.78
2019-06-30 486.01 1,233.93 10.45
2019-03-31 489.52 1,251.64 8.64
2018-12-31 499.19 1,137.76 8.12
2018-09-30 466.48 1,315.68 12.47
2018-06-30 429.98 1,146.12 7.57
2018-03-31 438.39 1,210.14 11.77
2017-12-31 394.32 1,084.61 14.86
2017-09-30 391.77 990.72 10.86
2017-06-30 392.67 1,110.84 5.92
2017-03-31 405.31 1,188.18 14.13
2016-12-31 397.84 1,301.62 10.03
2016-09-30 477.49 1,159.44 14.94
2016-06-30 648.03 1,242.87 8.59
2016-03-31 671.69 1,270.83 17.07
2015-12-31 693.98 1,177.01 1.12
2015-09-30 718.50 1,192.24 0.77
2015-06-30 737.58 1,205.39 11.19
2015-03-31 642.99 1,167.77 6.35
2014-12-31 636.16 601.29 5.24
2014-09-30 497.16 853.24 5.55
2014-06-30 472.55 959.84 16.74
2014-03-31 503.47 902.36 13.06
2013-12-31 463.18 923.13 9.22
2013-09-30 447.24 894.00 15.07
2013-06-30 431.29 779.20 9.67
  • Global Partners's level of debt (262.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (95.4% vs 262.9% today).
  • Debt is not well covered by operating cash flow (7.8%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.5x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Global 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. Global 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.

G4K Dividends

 What is Global 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
23.13%
Current annual income from Global Partners dividends. Estimated to be 23.35% next year.
If you bought €2,000 of Global Partners shares you are expected to receive €463 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?
  • Global Partners's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.67%).
  • Global Partners's dividend is above the markets top 25% of dividend payers in Germany (4.71%).
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:G4K 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 8.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.7%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.7%

Industry and Market average data is calculated daily.

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

DB:G4K Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2024-12-31 2.10 1.00
2023-12-31 2.10 1.00
2022-12-31 2.10 1.00
2021-12-31 2.14 3.00
2020-12-31 2.12 3.00
2020-04-08
DB:G4K Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-01-27 2.100 15.847
2019-10-25 2.080 10.337
2019-07-26 2.060 10.498
2019-04-29 2.040 10.172
2019-01-28 2.000 10.435
2018-10-26 1.900 10.921
2018-07-27 1.900 10.091
2018-04-27 1.850 10.750
2018-01-29 1.850 11.139
2017-10-27 1.850 10.627
2017-07-28 1.850 10.671
2017-04-28 1.850 10.098
2017-01-30 1.850 9.499
2016-10-26 1.850 10.751
2016-07-27 1.850 12.075
2016-04-26 1.850 13.897
2016-02-29 2.533 19.006
2015-10-21 2.790 14.692
2015-07-22 2.770 8.736
2015-04-22 2.720 7.349
2015-01-21 2.660 7.111
2014-10-22 2.610 6.893
2014-07-23 2.550 6.218
2014-04-23 2.500 6.074
2014-01-22 2.450 6.490
2013-10-23 2.400 6.759
2013-07-23 2.350 6.856
2013-04-24 2.330 6.293
2013-01-22 2.280 6.688
2012-10-25 2.130 8.344
2012-07-19 2.100 8.291
2012-04-20 2.000 9.095
2012-01-18 2.000 8.732
2011-10-19 2.000 9.538
2011-07-21 2.000 10.528
2011-04-20 2.000 7.885
2011-01-19 2.000 7.423
2010-10-20 1.980 7.453
2010-07-21 1.950 7.949
2010-04-21 1.950 8.869
2010-01-20 1.950 8.232
2009-10-21 1.950 8.245
2009-07-23 1.950 8.375
2009-04-22 1.950 11.587

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Global Partners's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (0.1x coverage).
X
Income/ dividend checks
We assess Global Partners's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Global Partners afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Global 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.

G4K Management

 What is the CEO of Global 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
Eric Slifka
COMPENSATION $1,863,607
AGE 53
TENURE AS CEO 15.1 years
CEO Bio

Mr. Eric S. Slifka has served as President, Chief Executive Officer and a Director of Global GP LLC, General Partner of Global Partners LP, in March 2005. He has been employed with Global Companies LLC or its predecessors since 1987. Mr. Slifka served as President and Chief Executive Officer and a Director of Global Companies LLC since July 2004 and as Chief Operating Officer and a Director of Global Companies LLC from its formation in December 1998 to July 2004. Mr. Slifka has been Vice Chairman of Global GP LLC, since March 2014. Prior to 1998, Mr. Slifka held various senior positions in the accounting, supply, distribution and marketing departments of the predecessors to Global Companies LLC. He is a Member of the National Petroleum Council and serves on the Board of Directors of the Energy Policy Research Foundation, Inc., Massachusetts Youth Committed to Winning and Massachusetts General Hospital President's Council.

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

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

7.4
Average Tenure
51.5
Average Age
  • The average tenure for the Global Partners management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Eric Slifka

TITLE
President
COMPENSATION
$2M
AGE
53
TENURE
15.1 yrs

Daphne Foster

TITLE
CFO & Director of Global GP LLC
COMPENSATION
$833K
AGE
61
TENURE
6.8 yrs

Mark Romaine

TITLE
Chief Operating Officer of Global GP LLC
COMPENSATION
$1M
AGE
50
TENURE
6.8 yrs

Matt Spencer

TITLE
Chief Accounting Officer of Global GP LLC
COMPENSATION
$445K
AGE
40
TENURE
2.3 yrs

Edward Faneuil

TITLE
Executive VP
COMPENSATION
$929K
AGE
66
TENURE
15.1 yrs

Andrew Slifka

TITLE
Executive VP
COMPENSATION
$822K
AGE
50
TENURE
8.1 yrs

Scott Solomon

TITLE
VP, Investor Relations
Board of Directors Tenure

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

7
Average Tenure
68.5
Average Age
  • The tenure for the Global Partners board of directors is about average.
Board of Directors

Richard Slifka

TITLE
Chairman of Global GP LLC
COMPENSATION
$76K
AGE
78
TENURE
6.1 yrs

Eric Slifka

TITLE
President
COMPENSATION
$2M
AGE
53
TENURE
6.1 yrs

Daphne Foster

TITLE
CFO & Director of Global GP LLC
COMPENSATION
$833K
AGE
61
TENURE
3.9 yrs

Andrew Slifka

TITLE
Executive VP
COMPENSATION
$822K
AGE
50
TENURE
8 yrs

Kenneth Watchmaker

TITLE
Independent Director of Global GP LLC
COMPENSATION
$103K
AGE
76
TENURE
14.5 yrs

David McKown

TITLE
Independent Director of Global GP LLC
COMPENSATION
$88K
AGE
81
TENURE
14.5 yrs

Robert McCool

TITLE
Independent Director of Global GP LLC
COMPENSATION
$88K
AGE
80
TENURE
14.5 yrs

John Hailer

TITLE
Independent Director of Global GP LLC
COMPENSATION
$88K
AGE
59
TENURE
1.8 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Global Partners individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
20. Mar 20 Buy Robert McCool Individual 19. Mar 20 19. Mar 20 3,000 €9.21 €27,622
X
Management checks
We assess Global 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. Global 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.

G4K News

Simply Wall St News

G4K Company Info

Description

Global Partners LP engages in the purchasing, selling, gathering, blending, storing, and logistics of transporting gasoline and gasoline blendstocks, distillates, residual oil, renewable fuels, crude oil, and propane to wholesalers, retailers, and commercial customers in the New England states and New York. The company is also involved in the transportation of petroleum products and renewable fuels through rail from the mid-continent region of the United States and Canada. Its Wholesale segment sells home heating oil, branded and unbranded gasoline and gasoline blendstocks, diesel, kerosene, residual oil, and propane to home heating oil and propane retailers, and wholesale distributors. It also aggregates crude oil through truck or pipeline in the mid-continent region of the United States and Canada, as well as transports it through rail and ships it through barge to refiners. The company's Gasoline Distribution and Station Operations segment sells branded and unbranded gasoline to gasoline station operators and sub-jobbers; operates gasoline stations and convenience stores; and provides car wash, lottery, and ATM services, as well as leases gasoline stations. Its Commercial segment sells and delivers unbranded gasoline, home heating oil, diesel, kerosene, residual oil, and bunker fuel to end user customers in the public sector, as well as to commercial and industrial end users; and sells custom blended fuels. As of June 30, 2019, the company had a portfolio of 1,600 owned, leased, and/or supplied gasoline stations, which included 295 directly operated convenience stores; and owned, leased, or maintained storage facilities at 25 bulk terminals with a collective storage capacity of 10.8 million barrels. Global GP LLC serves as the general partner of the company. Global Partners LP was founded in 2005 and is based in Waltham, Massachusetts.

Details
Name: Global Partners LP
G4K
Exchange: DB
Founded: 2005
$268,006,186
$284,359,979
34,097,696
Website: http://www.globalp.com
Address: Global Partners LP
800 South Street,
Suite 500,
Waltham,
Massachusetts, 02454,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE GLP Common Units New York Stock Exchange US USD 29. Sep 2005
DB G4K Common Units Deutsche Boerse AG DE EUR 29. Sep 2005
Number of employees
Current staff
Staff numbers
3,200
Global Partners employees.
Industry
Oil and Gas Storage and Transportation
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 01:09
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/03/24
Last earnings filing: 2020/03/06
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.