Golar LNG Partners LP Series A Pref
Golar LNG Partners LP Series A Pref operates in Oil & Gas Storage & Transportation.
Golar LNG Partners LP Series A Pref (GMLPF) - Net Assets
Latest net assets as of December 2020: $625.32 Million USD
Based on the latest financial reports, Golar LNG Partners LP Series A Pref (GMLPF) has net assets worth $625.32 Million USD as of December 2020.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.03 Billion) and total liabilities ($1.40 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $625.32 Million |
| % of Total Assets | 30.84% |
| Annual Growth Rate | 10.06% |
| 5-Year Change | 3.46% |
| 10-Year Change | 595.08% |
| Growth Volatility | 64.64 |
Golar LNG Partners LP Series A Pref - Net Assets Trend (2009–2020)
This chart illustrates how Golar LNG Partners LP Series A Pref's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Golar LNG Partners LP Series A Pref (2009–2020)
The table below shows the annual net assets of Golar LNG Partners LP Series A Pref from 2009 to 2020.
| Year | Net Assets | Change |
|---|---|---|
| 2020-12-31 | $625.32 Million | -4.19% |
| 2019-12-31 | $652.69 Million | -14.06% |
| 2018-12-31 | $759.52 Million | -10.39% |
| 2017-12-31 | $847.60 Million | +40.23% |
| 2016-12-31 | $604.43 Million | +1.33% |
| 2015-12-31 | $596.51 Million | -0.87% |
| 2014-12-31 | $601.74 Million | +5.54% |
| 2013-12-31 | $570.13 Million | +136.03% |
| 2012-12-31 | $241.54 Million | +168.49% |
| 2011-12-31 | $89.96 Million | -57.58% |
| 2010-12-31 | $212.06 Million | -2.62% |
| 2009-12-31 | $217.76 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Golar LNG Partners LP Series A Pref's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2020)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $494.90 Million | 79.14% |
| Other Components | $130.42 Million | 20.86% |
| Total Equity | $625.32 Million | 100.00% |
Golar LNG Partners LP Series A Pref Competitors by Market Cap
The table below lists competitors of Golar LNG Partners LP Series A Pref ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ENN ENERGY HLD
BE:XGH
|
$76.40K |
|
BDVD39
SA:BDVD39
|
$76.41K |
|
TOKYU CONSTRUCTION
MU:TCW
|
$76.41K |
|
Brookfield Asset Management Inc FR PRF PERPETUAL CAD 25 Ser 2 Cls A
PINK:BKFAF
|
$76.46K |
|
GSV CAPITAL
BE:0GV
|
$76.29K |
|
Wetherspoon (J D) PLC
STU:0QW
|
$76.07K |
|
ALT Co Ltd
KQ:172670
|
$76.07K |
|
CEEB3F
SA:CEEB3F
|
$76.06K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Golar LNG Partners LP Series A Pref's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2019 to 2020, total equity changed from 652,694,000 to 625,321,000, a change of -27,373,000 (-4.2%).
- Net income of 19,196,000 contributed positively to equity growth.
- Dividend payments of 44,954,000 reduced retained earnings.
Equity Change Factors (2019 to 2020)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $19.20 Million | +3.07% |
| Dividends Paid | $44.95 Million | -7.19% |
| Other Changes | $-1.61 Million | -0.26% |
| Total Change | $- | -4.19% |
Book Value vs Market Value Analysis
This analysis compares Golar LNG Partners LP Series A Pref's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.95x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | $-41.62 | $8.40 | x |
| 2014-12-31 | $-33.18 | $8.40 | x |
| 2015-12-31 | $-0.15 | $8.40 | x |
| 2016-12-31 | $-0.09 | $8.40 | x |
| 2017-12-31 | $0.00 | $8.40 | x |
| 2018-12-31 | $10.64 | $8.40 | x |
| 2019-12-31 | $9.21 | $8.40 | x |
| 2020-12-31 | $8.84 | $8.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Golar LNG Partners LP Series A Pref utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 3.07%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.74%
- • Asset Turnover: 0.14x
- • Equity Multiplier: 3.24x
- Recent ROE (3.07%) is below the historical average (41442.94%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 32.24% | 45.30% | 0.11x | 6.31x | $37.46 Million |
| 2010 | 36.87% | 37.82% | 0.17x | 5.88x | $42.08 Million |
| 2011 | 0.00% | 39.10% | 0.19x | 0.00x | $80.16 Million |
| 2012 | 0.00% | 40.62% | 0.19x | 0.00x | $117.32 Million |
| 2013 | 0.00% | 42.92% | 0.19x | 0.00x | $141.54 Million |
| 2014 | 0.00% | 43.98% | 0.20x | 0.00x | $174.36 Million |
| 2015 | 0.00% | 37.30% | 0.19x | 0.00x | $163.11 Million |
| 2016 | 0.00% | 38.99% | 0.20x | 0.00x | $172.68 Million |
| 2017 | 497230.77% | 29.85% | 0.18x | 93360.42x | $129.28 Million |
| 2018 | 9.64% | 21.11% | 0.15x | 2.95x | $-2.76 Million |
| 2019 | 2.73% | 5.94% | 0.14x | 3.23x | $-47.46 Million |
| 2020 | 3.07% | 6.74% | 0.14x | 3.24x | $-43.34 Million |
Industry Comparison
This section compares Golar LNG Partners LP Series A Pref's net assets metrics with peer companies in the Oil & Gas Related Equipment and Services industry.
Industry Context
- Industry: Oil & Gas Related Equipment and Services
- Average net assets among peers: $493,315,000
- Average return on equity (ROE) among peers: 0.59%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Golar LNG Partners LP Series A Pref (GMLPF) | $625.32 Million | 32.24% | 2.24x | $76.40K |
| Hoegh LNG Partners LP (HMLPF) | $493.31 Million | 0.59% | 0.99x | $167.04K |