कंपनी का अवलोकन
KNOT Offshore Partners LP is an energy entity that specializes in acquiring, owning, and operating shuttle tankers through long-term charters within the North Sea and Brazil regions. The firm provides essential logistical services including the loading, transportation, and discharge of crude oil under both time charters and bareboat charters. This organization operates within the Energy sector, specifically categorized under the Oil & Gas Midstream industry, which implies a focus on the infrastructure and services required to move hydrocarbons from production sites to processing facilities. The company holds a market capitalization of $345.19M and reported annual revenue of $363.84M over the trailing twelve months, while the employee count is listed as N/A. These valuation and revenue figures indicate that the company maintains a mid-cap status with a substantial operational footprint, suggesting it plays a significant but not dominant role in the global offshore shuttle tanker logistics market.
वित्तीय स्वास्थ्य
The company generated total revenue of $363.84M, with a net income of $23.26M and an EBITDA of $215.91M during the trailing twelve-month period. The substantial gap between the $363.84M revenue and the $23.26M net income reveals a significant impact from non-operating expenses, interest costs, or tax obligations that reduces the bottom line despite strong operational earnings. The free cash flow stands at $162.14M, which indicates a robust generation of cash relative to capital expenditures and working capital needs, providing the entity with considerable financial flexibility to manage obligations or fund operations. Profitability is assessed through three key margins: a Gross Margin of 63.2%, an Operating Margin of 29.7%, and a Profit Margin of 6.4%, where the high gross margin reflects strong pricing power or low variable costs, but the lower profit margin highlights the heavy burden of fixed costs or debt servicing. Regarding liquidity and leverage, the company holds $88.98M in cash against a total debt of $955.97M, resulting in a Debt to Equity ratio of 153.95, which characterizes a highly leveraged balance sheet rather than a conservative one. The Current Ratio is reported at 0.26, indicating that current assets are insufficient to cover current liabilities, which suggests potential short-term liquidity constraints. Return on Equity is 3.8% and Return on Assets is 4.0%, metrics that reveal limited management effectiveness in generating returns relative to the shareholders' equity and the total asset base employed.
मूल्यांकन आकलन
The trailing twelve-month P/E ratio is 14.32, while the forward P/E ratio is 11.69, and the difference between these two figures implies that the market expects earnings growth in the future that would justify a lower multiple on anticipated performance. The Price to Book ratio is 0.64, indicating that the stock is trading at a discount to its book value, suggesting the market prices the company below the replacement cost of its assets. Alternative valuation metrics such as the Price to Sales ratio of 0.95 and the EV/EBITDA of 5.99 suggest that the company is valued conservatively relative to its sales and earnings power. The 52-week trading range spans from a low of $5.45 to a high of $11.15, and without a specific current price provided in the facts, the position relative to this range cannot be calculated, though the wide spread indicates significant price volatility over the past year. The Beta value is -0.13, which is an unusual metric for this sector and suggests an inverse correlation or extremely low volatility relative to the broader market, deviating from standard positive beta expectations.
Growth & Income
The revenue growth year-over-year is 13.0%, whereas the earnings growth year-over-year is listed as N/A, meaning a direct comparison of growth rates is not possible with the available data to determine if earnings are expanding faster or slower than top-line sales. The company reports a Dividend Yield of 2.0% with a Payout Ratio of 15.2%, indicating that the dividend is funded by a small portion of earnings, which generally suggests a high degree of sustainability even if earnings fluctuate. Since earnings growth is not quantified, the sustainability of the dividend must be viewed in the context of the $23.26M net income and the $162.14M free cash flow, which provide ample coverage for the current payout level. Overall, the growth and income profile is characterized by strong revenue expansion and a conservative dividend policy supported by significant free cash flow generation.