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Teekay Offshore Partners

DB:T01
Snowflake Description

Mediocre balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
T01
DB
$635M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Teekay Offshore Partners L.P. provides marine transportation, oil production, storage, long-distance towing and offshore installation, and maintenance and safety services for the oil industry. The last earnings update was 77 days ago. More info.


Add to Portfolio Compare Print
  • Teekay Offshore Partners is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
T01 Share Price and Events
7 Day Returns
1.5%
DB:T01
1.6%
DE Oil and Gas
0.5%
DE Market
1 Year Returns
33%
DB:T01
80.3%
DE Oil and Gas
15.5%
DE Market
T01 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Teekay Offshore Partners (T01) 1.5% 0.9% 1.1% 33% -76% -92.6%
DE Oil and Gas 1.6% -4.4% 32.9% 80.3% 17.4% 261.1%
DE Market 0.5% 1.4% 5.3% 15.5% 5.5% 10.1%
1 Year Return vs Industry and Market
  • T01 underperformed the Oil and Gas industry which returned 80.3% over the past year.
  • T01 outperformed the Market in Germany which returned 15.5% over the past year.
Price Volatility
T01
Industry
5yr Volatility vs Market

T01 Value

 Is Teekay Offshore 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 Teekay Offshore 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 Teekay Offshore Partners.

DB:T01 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 12.6%
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:T01
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 6.5%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.94
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.935 (1 + (1- 21%) (534.43%))
3.602
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 * 6.51%)
12.63%

Discounted Cash Flow Calculation for DB:T01 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Teekay Offshore 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:T01 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 12.63%)
2020 42.61 Est @ 32.08% 37.83
2021 52.13 Est @ 22.34% 41.10
2022 60.22 Est @ 15.52% 42.15
2023 66.70 Est @ 10.75% 41.45
2024 71.64 Est @ 7.41% 39.52
2025 75.27 Est @ 5.07% 36.87
2026 77.85 Est @ 3.43% 33.86
2027 79.63 Est @ 2.28% 30.75
2028 80.81 Est @ 1.48% 27.71
2029 81.55 Est @ 0.92% 24.83
Present value of next 10 years cash flows $356.00
DB:T01 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $81.55 × (1 + -0.39%) ÷ (12.63% – -0.39%)
$623.92
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $623.92 ÷ (1 + 12.63%)10
$189.93
DB:T01 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $356.00 + $189.93
$545.93
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $545.93 / 410.71
$1.33
DB:T01 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:T01 represents 0.87806x of NYSE:TOO
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.87806x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 1.33 x 0.87806
€1.17
Value per share (EUR) From above. €1.17
Current discount Discount to share price of €1.36
= -1 x (€1.36 - €1.17) / €1.17
-16.2%

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

  • The current share price of Teekay Offshore 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 Teekay Offshore Partners's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Teekay Offshore Partners's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:T01 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in USD $-0.07
NYSE:TOO Share Price ** NYSE (2020-01-22) in USD $1.55
Europe Oil and Gas Industry PE Ratio Median Figure of 98 Publicly-Listed Oil and Gas Companies 9.66x
Germany Market PE Ratio Median Figure of 403 Publicly-Listed Companies 20.79x

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

** Primary Listing of Teekay Offshore Partners.

DB:T01 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 1.55 ÷ -0.07

-21.6x

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

  • Teekay Offshore Partners is loss making, we can't compare its value to the Europe Oil and Gas industry average.
  • Teekay Offshore Partners is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Teekay Offshore Partners's expected growth come at a high price?
Raw Data
DB:T01 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -21.6x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
Europe Oil and Gas Industry PEG Ratio Median Figure of 65 Publicly-Listed Oil and Gas Companies 0.69x
Germany Market PEG Ratio Median Figure of 263 Publicly-Listed Companies 1.51x

*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 Teekay Offshore Partners, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Teekay Offshore Partners's assets?
Raw Data
DB:T01 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in USD $2.28
NYSE:TOO Share Price * NYSE (2020-01-22) in USD $1.55
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 1.31x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.93x
DB:T01 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 1.55 ÷ 2.28

0.68x

* Primary Listing of Teekay Offshore Partners.

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

  • Teekay Offshore Partners is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Teekay Offshore 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. Teekay Offshore Partners has a total score of 1/6, 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.

T01 Future Performance

 How is Teekay Offshore Partners expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
6.4%
Expected Oil and Gas industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Teekay Offshore Partners expected to grow at an attractive rate?
  • Unable to compare Teekay Offshore Partners's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Teekay Offshore Partners's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Teekay Offshore Partners's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:T01 Future Growth Rates Data Sources
Data Point Source Value (per year)
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 6.4%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13.2%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*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:T01 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:T01 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 1,268 1
2020-01-23
DB:T01 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-09-30 1,401 395 -29
2019-06-30 1,429 391 -35
2019-03-31 1,430 350 -174
2018-12-31 1,416 281 -147
2018-09-30 1,267 241 -196
2018-06-30 1,213 192 -453
2018-03-31 1,157 236 -310
2017-12-31 1,110 305 -321
2017-09-30 1,089 276 -252
2017-06-30 1,102 373 84
2017-03-31 1,122 326 -11
2016-12-31 1,152 396 -31

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Teekay Offshore Partners is high growth as no earnings estimate data is available.
  • Unable to determine if Teekay Offshore Partners is high growth as no revenue estimate data is available.
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:T01 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 1 Analyst Estimates (S&P Global) See Below

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

DB:T01 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31
2020-01-23
DB:T01 Past Financials Data
Date (Data in USD Millions) EPS *
2019-09-30 -0.07
2019-06-30 -0.09
2019-03-31 -0.43
2018-12-31 -0.36
2018-09-30 -0.48
2018-06-30 -1.29
2018-03-31 -1.08
2017-12-31 -1.45
2017-09-30 -1.64
2017-06-30 0.57
2017-03-31 -0.08
2016-12-31 -0.25

*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 Teekay Offshore Partners will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Teekay Offshore 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.
Teekay Offshore Partners has a total score of 0/6, 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.

T01 Past Performance

  How has Teekay Offshore 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 Teekay Offshore 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.
  • Teekay Offshore Partners does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Teekay Offshore Partners's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Teekay Offshore Partners's 1-year growth to the Europe Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Teekay Offshore 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 Teekay Offshore Partners Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:T01 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 1,401.07 -29.38 65.49
2019-06-30 1,429.28 -34.95 63.96
2019-03-31 1,429.86 -174.40 64.63
2018-12-31 1,416.42 -147.14 65.43
2018-09-30 1,266.94 -196.23 65.48
2018-06-30 1,212.91 -452.54 69.93
2018-03-31 1,157.35 -309.90 65.42
2017-12-31 1,110.28 -320.75 62.25
2017-09-30 1,089.48 -252.39 60.50
2017-06-30 1,102.15 83.96 55.83
2017-03-31 1,121.82 -10.89 56.27
2016-12-31 1,152.39 -31.33 56.12
2016-09-30 1,216.61 -76.03 57.68
2016-06-30 1,244.37 -180.63 55.90
2016-03-31 1,271.14 40.06 58.16
2015-12-31 1,229.41 31.21 58.71
2015-09-30 1,150.73 -30.87 65.50
2015-06-30 1,095.12 61.38 65.92
2015-03-31 1,025.29 -43.77 66.09
2014-12-31 1,019.54 -19.38 64.92
2014-09-30 1,019.73 44.17 55.01
2014-06-30 996.85 -7.55 53.77
2014-03-31 977.86 58.21 47.93
2013-12-31 930.74 76.50 44.47
2013-09-30 902.10 110.71 41.15
2013-06-30 884.25 150.10 37.76
2013-03-31 885.99 64.86 36.05

*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.
  • Teekay Offshore Partners has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Teekay Offshore Partners used its assets more efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • It is difficult to establish if Teekay Offshore 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 Teekay Offshore 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.
Teekay Offshore Partners has a total score of 1/6, 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.

T01 Health

 How is Teekay Offshore 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 Teekay Offshore Partners's finances.

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

DB:T01 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 1,367.66 3,375.09 270.83
2019-06-30 1,411.81 3,300.12 201.63
2019-03-31 1,446.93 3,306.38 183.48
2018-12-31 1,459.12 3,212.46 226.07
2018-09-30 1,408.86 3,405.65 200.98
2018-06-30 1,463.49 3,112.39 241.94
2018-03-31 1,642.36 3,270.12 226.41
2017-12-31 1,473.50 3,337.78 222.17
2017-09-30 1,470.65 3,494.19 416.66
2017-06-30 1,388.05 3,682.45 212.71
2017-03-31 1,417.16 3,658.40 193.82
2016-12-31 1,410.80 3,526.16 227.56
2016-09-30 1,310.37 3,783.21 222.87
2016-06-30 1,254.50 3,724.29 380.72
2016-03-31 1,185.33 3,915.61 335.75
2015-12-31 1,223.52 3,785.09 258.47
2015-09-30 1,250.72 3,830.10 251.06
2015-06-30 916.84 3,001.58 242.76
2015-03-31 743.11 3,106.97 278.85
2014-12-31 815.70 2,750.25 252.14
2014-09-30 725.10 2,826.76 224.57
2014-06-30 758.18 2,769.21 251.56
2014-03-31 800.46 2,673.03 222.99
2013-12-31 837.91 2,546.17 219.13
2013-09-30 793.47 2,582.55 258.90
2013-06-30 879.52 2,418.57 163.74
2013-03-31 711.94 2,144.18 172.80
  • Teekay Offshore Partners's level of debt (246.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (389.2% vs 246.8% 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 Teekay Offshore Partners has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Teekay Offshore Partners has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -24.8% per year.
X
Financial health checks
We assess Teekay Offshore 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. Teekay Offshore Partners has a total score of 3/6, 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.

T01 Dividends

 What is Teekay Offshore 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 Teekay Offshore Partners dividends.
If you bought €2,000 of Teekay Offshore 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 Teekay Offshore Partners's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Teekay Offshore 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:T01 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 1 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 5.8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 335 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.5%

Industry and Market average data is calculated daily.

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

DB:T01 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2020-01-23
DB:T01 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-11-07 0.000 0.000
2019-07-31 0.000 0.000
2019-04-30 0.000 0.000
2019-01-08 0.000 0.000
2018-10-03 0.040 2.317
2018-01-04 0.040 1.579
2017-10-03 0.040 1.635
2017-07-27 0.040 1.620
2017-04-03 0.440 13.589
2017-01-03 0.440 8.096
2016-10-03 0.440 7.877
2016-07-01 0.440 7.917
2016-05-24 0.440 7.804
2016-05-19 0.440 7.218
2015-12-28 0.440 9.692
2015-10-02 2.240 19.612
2015-07-06 2.154 12.808
2015-04-02 2.154 9.741
2015-01-02 2.154 10.059
2014-10-06 2.154 7.952
2014-07-10 2.154 6.254
2014-04-09 2.154 6.094
2014-01-16 2.154 6.727
2013-11-27 2.101 6.608
2013-11-07 2.101 6.334
2013-07-12 2.101 6.409
2013-04-18 2.101 6.512
2013-01-25 2.050 7.104
2012-10-12 2.050 7.693
2012-07-13 2.050 7.257
2012-04-12 2.050 7.276
2012-01-19 2.000 6.851
2011-10-18 2.000 7.452
2011-07-22 2.000 7.702
2011-04-21 2.000 6.849
2011-01-26 1.900 6.572
2010-10-25 1.900 6.842
2010-07-28 1.900 8.268
2010-04-29 1.900 9.092
2010-01-28 1.800 9.121
2009-10-20 1.800 9.817
2009-07-23 1.800 11.828
2009-05-04 1.800 12.891
2009-02-02 1.800 14.354

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

  • Unable to perform a dividend volatility check as Teekay Offshore Partners has not reported any payouts.
  • Unable to verify if Teekay Offshore Partners's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Teekay Offshore Partners's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Teekay Offshore Partners has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Teekay Offshore Partners's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - 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 Teekay Offshore Partners afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Teekay Offshore 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.

T01 Management

 What is the CEO of Teekay Offshore 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
Ingvild Sæther
AGE 50
TENURE AS CEO 2.9 years
CEO Bio

Ms. Ingvild Sæther has been the Chief Executive Officer and President of Teekay Offshore Group Ltd. since February 1, 2017. Ms. Sæther has over 25 years of experience in the shipping and offshore sector and has been engaged in a number of boards and associations related to the industry. Ms. Sæther served as the President of Teekay Offshore Logistics - Teekay Offshore Group Ltd at Teekay Corporation from March 2016 to January 31, 2017 and served as its President of Teekay Navion Shuttle Tankers and Offshore since April 1, 2011. Ms. Sæther joined Teekay Corporation in 2002. Ms. Saether held various management positions in Teekay's conventional tanker business unit before she was appointed Vice President of Teekay Navion Shuttle Tankers in 2007, with commercial responsibility for Teekay's shuttle tanker activities in the North Sea. Ms. Sæther served as Managing Director of Navion Chartering AS and responsible for execution of all Statoil's transportation need on conventional tankers from 2001 to 2005. She served as a Director at Teekay Petrojarl AS and Electronic Chart Centre since 2003. She serves as Member of the Council of Stiftelsen Det Norske Veritas. Ms. Sæther has held management positions in Teekay Corporation's conventional tanker business until 2007, when she assumed the commercial responsibility for Teekay Corporation’s shuttle tanker activities in the North Sea, and in 2011, Ms. Sæther assumed the position of President, Teekay Offshore Logistics. Ms. Sæther has an executive MBA from Norwegian School of Economics and Business Administration and business degrees from London School of Economics and Agder University College.

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

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

2
Average Tenure
54
Average Age
  • The tenure for the Teekay Offshore Partners management team is about average.
Management Team

Ingvild Sæther

TITLE
President & CEO of Teekay Offshore Group Ltd
AGE
50
TENURE
2.9 yrs

Jan Steinsland

TITLE
Chief Financial Officer of Teekay Offshore Group Ltd.
AGE
59
TENURE
1.3 yrs

Edith Robinson

TITLE
Chief Legal Counsel
AGE
54
TENURE
1 yrs

Duncan Donaldson

TITLE
General Counsel of Teekay Offshore Group Ltd.
AGE
39
TENURE
2 yrs

May-Brit Johnsen

TITLE
Head of Leadership & Organizational Development of Teekay Offshore Group Ltd.
TENURE
2 yrs

Arne Tørnkvist

TITLE
Executive Vice President of Projects of Teekay Offshore Group Ltd.
AGE
54
TENURE
0.7 yrs

Idar Hillersøy

TITLE
President of Teekay Offshore Logistics
AGE
56
TENURE
2.4 yrs

Chris Brett

TITLE
President of Teekay Offshore Production
TENURE
4.4 yrs

Paul Mulder

TITLE
Chief Executive Officer of ALP Maritime Services BV

Peter Evensen

TITLE
AGE
60
TENURE
3 yrs
Board of Directors Tenure

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

2.3
Average Tenure
61
Average Age
  • The average tenure for the Teekay Offshore Partners board of directors is less than 3 years, this suggests a new board.
Board of Directors

Bill Utt

TITLE
Chairman of Teekay Offshore GP LLC
AGE
62
TENURE
2.6 yrs

Denis Turcotte

TITLE
Director of Teekay Offshore GP LLC
AGE
57
TENURE
1.3 yrs

Bill Transier

TITLE
Director of Teekay Offshore GP L.L.C.
AGE
64
TENURE
0.8 yrs

David Lemmon

TITLE
Director of Teekay Offshore GP LLC
AGE
77
TENURE
13.1 yrs

Kenneth Hvid

TITLE
Director of Teekay Offshore GP LLC
AGE
51
TENURE
8.8 yrs

Ian Craig

TITLE
Director of Teekay Offshore GP LLC
AGE
67
TENURE
2.6 yrs

Jim Reid

TITLE
Director of Teekay Offshore GP LLC
AGE
53
TENURE
2.3 yrs

Craig Laurie

TITLE
Director of Teekay Offshore GP LLC
AGE
47
TENURE
1.3 yrs

Greg Morrison

TITLE
Director of Teekay Offshore GP LLC
AGE
61
TENURE
0.5 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 Teekay Offshore 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. Teekay Offshore 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.

T01 News

Simply Wall St News

T01 Company Info

Description

Teekay Offshore Partners L.P. provides marine transportation, oil production, storage, long-distance towing and offshore installation, and maintenance and safety services for the oil industry. It operates in six segments: Floating Production, Storage and Offloading (FPSO); Shuttle Tanker; Floating Storage and Off-Take (FSO); Unit for Maintenance and Safety (UMS); Towage and Offshore Installation Vessels; and Conventional Tanker. The company serves customers in offshore oil regions of the North Sea, Brazil, and the East Coast of Canada. As of September 30, 2019, it had a fleet of 34 shuttle tankers, 2 chartered-in vessels, 1 HiLoad dynamic positioning unit, 8 FPSO units, 5 FSO units, 10 long-distance towage and offshore installation vessels, and 1 UMS. Teekay Offshore GP L.L.C. serves as the general partner of Teekay Offshore Partners L.P. The company was founded in 2006 and is based in Hamilton, Bermuda. Teekay Offshore Partners L.P. is a subsidiary of Brookfield TK TOLP L.P.

Details
Name: Teekay Offshore Partners L.P.
T01
Exchange: DB
Founded: 2006
$574,769,498
410,707,764
Website: http://www.teekay.com
Address: Teekay Offshore Partners L.P.
Belvedere Building,
4th Floor,
Hamilton,
HM 08,
Bermuda
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE TOO Common Units New York Stock Exchange US USD 14. Dec 2006
DB T01 Common Units Deutsche Boerse AG DE EUR 14. Dec 2006
Number of employees
Current staff
Staff numbers
2,400
Teekay Offshore Partners employees.
Industry
Oil and Gas Storage and Transportation
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/01/23 21:44
End of day share price update: 2020/01/22 00:00
Last estimates confirmation: 2019/05/21
Last earnings filing: 2019/11/07
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


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.