Usd Partners Lp

Earnings Score
Safety Score

Market Cap -
Debt $195.79M
Cash $12.50M
EV -
FCF -$68.46M

Earnings

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Sales & Net Margins

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Earnings	$594.00K
EBIT	$9.24M
ROA	9%
FCF	-$68.46M
Equity	-$108.88M
Growth Stability	-2K%
Debt/Equity	-1.8
Debt/FCF	-2.86
Net Margins	7%
Op. Margins	13%
Earnings CAGR	-4%
Sales Growth YoY	-48%
Sales Growth QoQ	-43%
Sales CAGR	-0%
FCF CAGR	0%
Equity CAGR	-4%
Earnings Stability	-0.07
Earnings Growth YoY	-96%
Earnings Growth QoQ	-161%

Earnings CAGR 5Y	-6%
Sales CAGR 5Y	-5%
FCF CAGR 5Y	1%
Equity CAGR 5Y	-6%
Earnings CAGR 3Y	-14%
Sales CAGR 3Y	-14%
FCF CAGR 3Y	-3%
Equity CAGR 3Y	5%
Revenue	$72.32M
Assets	$104.63M
Total Debt	$195.79M
Cash	$12.50M
Earnings Score	6%
Safety Score	7%
Working Capital	-167.26M
Current Ratio	0.2
Equity Growth QoQ	3%
Equity Growth YoY	2%

Assets & ROA

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Stockholders Equity & ROE

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USD Partners LP is engaged in energy-related logistics assets which include rail terminals and other midstream infrastructure. The company operates its business through two reportable segments Terminalling Services and Fleet Services. The Terminalling Services segment operates Hardisty and Casper terminal where Hardisty loads various crude oil and Casper terminal is engaged in storage and blending of crude oil and the Fleet Services segment provides railcar services, and fleet services related to the transportation of liquid hydrocarbons and biofuels. The group operates its business primarily through the United States and Canada and generates a majority of its revenue from the Terminalling services.

SEC Filings

Direct access to Usd Partners Lp (USDP) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2023
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2021
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Usd Partners Lp compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Usd Partners Lp compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR -4%

Stability -7%

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Usd Partners Lp Discounted Cash Flow

Fully customizable DCF calculator online for Usd Partners Lp.

Years

Calculation mode

= -$700M

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	-$68M	-$69M	-$69M	-$69M	-$69M	-$70M	-$70M	-$70M	-$70M	-$71M	-$71M	-$708M
DCF		-$62M	-$57M	-$52M	-$47M	-$43M	-$39M	-$36M	-$33M	-$30M	-$27M	-$273M
Value	-$700M

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	TTM
Net Margins	22%	22%	20%	18%	6%	-17%	18%	-55%	7%
ROA	-	11%	10%	10%	7%	-3%	11%	-47%	9%
ROE	-	52%	30%	30%	16%	-316%	112%	55%	-

Net Margins (7.36%)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	TTM
Debt over FCF	-	4.2	9.96	5.66	7.25	4.59	4.09	-5.6	-2.86
Debt over Equity	4.81	4.72	2.74	2.96	5.3	31.19	8.99	-1.9	-1.8
Growth Stability	-	-	-	99%	29%	-119%	100%	-2K%	-2K%

Good Debt/FCF ratio (-2.86)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Good Debt/Equity ratio (-1.8)

The company is not overleveraged and has a good balance between equity and debt.

Bad Graham’s Stability (-2K%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	CAGR 5Y
Revenue YoY growth	-	36%	0%	7%	-5%	6%	2%	-9%	-5%
Earnings YoY growth	-	37%	-8%	-5%	-69%	-404%	-208%	-386%	-6%
Equity YoY growth	-	-6%	57%	-5%	-41%	-85%	205%	-689%	-6%
FCF YoY growth	-	52%	-62%	80%	-17%	42%	-2%	-191%	1%