कंपनी का अवलोकन
CrossAmerica Partners LP is a specialized entity engaged in the wholesale distribution of motor fuels, alongside the operation of convenience stores and the ownership of real estate utilized for retail fuel distribution within the United States. The company functions within the broader Energy sector, specifically operating in the Oil & Gas Refining & Marketing industry, which involves the critical processing and sale of petroleum products to wholesalers and retailers. Its current market capitalization stands at $810.75M, reflecting a mid-cap status in the energy landscape, while its annual revenue over the trailing twelve months (TTM) reaches $3.35B. The employee count is listed as N/A in available records, indicating that workforce scale metrics are not publicly disclosed or are internalized. These financial dimensions suggest a company with significant operational reach but a relatively modest market valuation compared to major integrated oil giants, positioning it as a niche player focused on regional distribution networks rather than global exploration. The gap between its substantial revenue generation and its smaller market cap often points to specific challenges in profitability or market sentiment that compresses its valuation multiple relative to peers.
वित्तीय स्वास्थ्य
The company reported a total revenue of $3.35B for the trailing twelve months, yet generated a net income of only $39.11M, resulting in an EBITDA of $143.58M. This substantial disparity between gross revenue and net income highlights a cost structure where operating expenses, including fuel costs, labor, and overhead, consume a significant majority of top-line earnings before reaching the bottom line. The free cash flow stands at $49.82M, which represents the cash remaining after capital expenditures; this figure indicates limited financial flexibility for aggressive expansion or large-scale debt repayment without external financing. The gross margin is recorded at 12.0%, suggesting that the company retains a modest portion of fuel sales as gross profit before accounting for operating costs. The operating margin sits at 3.4%, revealing that overhead expenses are high relative to sales volume, while the profit margin is a mere 1.2%, indicating that the vast majority of revenue is consumed by the cost of goods sold and operational inefficiencies. In terms of liquidity, the company holds $3.94M in cash against a total debt load of $818.72M, creating a highly leveraged balance sheet where debt obligations significantly outweigh liquid assets. The debt-to-equity ratio is N/A, likely due to the company's partnership structure or negative equity, but the debt burden is explicitly high. Furthermore, the current ratio is 0.72, which signifies that the company's current assets are insufficient to cover its current liabilities, pointing to potential short-term liquidity pressure. Return on Equity is N/A, while Return on Assets is 4.6%, suggesting that the asset base is generating a low return, which may reflect the capital-intensive nature of the refining and distribution business.
मूल्यांकन आकलन
The trailing twelve-month (TTM) Price-to-Earnings (P/E) ratio is 20.84, while the forward P/E is projected at 29.94. This widening gap between the current and forward multiples implies that the market expects earnings to grow significantly in the future, or conversely, that current earnings are suppressed by one-time costs, leading to a lower valuation that the market anticipates will improve. The Price-to-Book ratio stands at -7.92, a negative figure that indicates the market capitalization is less than the company's book value, often seen in partnership structures or entities with significant accumulated deficits. The price-to-sales ratio is 0.24, which is an extremely low multiple suggesting that the stock trades at a fraction of its revenue, reflecting deep market skepticism regarding future profitability. The enterprise value-to-EBITDA ratio is 11.53, providing an alternative valuation perspective that accounts for debt and cash, indicating the company is trading at a premium to its earnings power relative to historical averages for distressed energy firms. Regarding price volatility, the 52-week high is $24.53 and the 52-week low is $19.61. Assuming the current trading price aligns with the forward P/E implication of lower earnings, the stock is trading closer to the lower end of its recent range, specifically near the $19.61 low, reflecting a depressed market sentiment. The beta value is 0.34, which indicates that the stock price is significantly less volatile than the broader market, moving with much less intensity during market fluctuations.
Growth & Income
Revenue growth year-over-year has contracted by -8.5%, while earnings growth has plummeted by -40.5%. The fact that earnings growth is declining at a much faster rate than revenue indicates that cost pressures or margin compression are severely impacting profitability, causing the bottom line to deteriorate disproportionately to the top line. The company offers a dividend yield of 9.9%, which is exceptionally high, but it is supported by a payout ratio of 205.9%. This payout ratio signifies that the company is distributing more in dividends than it earns in net income, meaning it is relying on cash flow or reserves to fund payouts, which is generally not considered sustainable over the long term without a significant turnaround in earnings. The negative growth rates combined with a payout ratio exceeding 100% suggest that the company is currently in a phase of financial stress where income generation is struggling to keep pace with distribution obligations. Overall, the growth and income profile is characterized by negative earnings momentum and a dividend yield that appears mathematically unsustainable given the reported net income figures.