As of May 29, 2025, GasLog Partners LP's estimated intrinsic value ranges from $12.18 to $73.67 per share, depending on the valuation methodology applied.
| Valuation Method | Fair Value (USD) | Implied Upside/Downside |
|---|---|---|
| Discounted Cash Flow (10Y) | $29.24 | +238.8% |
| Discounted Cash Flow (5Y) | $26.07 | +202.1% |
| Dividend Discount Model (Multi-Stage) | $12.18 | +41.2% |
| Dividend Discount Model (Stable) | $22.75 | +163.6% |
| Earnings Power Value | $73.67 | +753.6% |
Is GasLog Partners LP (GLOP) undervalued or overvalued?
With the current market price at $8.63, the stock appears to be significantly undervalued.
Intrinsic value represents the "true" worth of a company based on its fundamentals rather than market sentiment. We've employed multiple methodologies to triangulate GasLog Partners LP's intrinsic value, including:
The cost of capital is a critical factor in valuation models, representing the required return for investors.
| WACC Component | Low | High |
|---|---|---|
| Long-term bond rate | 4.2% | 4.7% |
| Equity market risk premium | 5.0% | 6.0% |
| Adjusted beta | 0.69 | 0.94 |
| Cost of equity | 7.6% | 10.8% |
| Cost of debt | 5.0% | 5.0% |
| Tax rate | 26.2% | 27.0% |
| Debt/Equity ratio | 2.15 | 2.15 |
| After-tax WACC | 4.9% | 5.9% |
Our DCF model projects cash flows over 5-year and 10-year horizons, with the following key assumptions:
| DCF Model | Fair Value | Enterprise Value | % from Terminal Value |
|---|---|---|---|
| 5-Year Growth | $26 | $2,081M | 78.6% |
| 10-Year Growth | $29 | $2,250M | 62.9% |
| 5-Year EBITDA | $5 | $972M | 54.1% |
| 10-Year EBITDA | $11 | $1,289M | 35.3% |
The DDM values a company based on its expected future dividend payments. We used two approaches:
EPV assesses a company's value based on its current normalized earnings power, assuming no growth.
| EPV Component | Value |
|---|---|
| Normalized Earnings | $248M |
| Discount Rate (WACC) | 5.9% - 4.9% |
| Enterprise Value | $4,196M - $5,029M |
| Net Debt | $695M |
| Equity Value | $3,501M - $4,334M |
| Outstanding Shares | 53M |
| Fair Value | $66 - $82 |
| Selected Fair Value | $73.67 |
| Metric | Value |
|---|---|
| Market Capitalization | $459M |
| Enterprise Value | $1154M |
| Trailing P/E | 3.81 |
| Forward P/E | 5.36 |
| Trailing EV/EBITDA | 4.65 |
| Current Dividend Yield | 613.42% |
| Dividend Growth Rate (5Y) | -29.54% |
| Debt-to-Equity Ratio | 2.15 |
To determine the most reliable intrinsic value estimate, we weigh each valuation method based on:
| Valuation Method | Weight | Weighted Value |
|---|---|---|
| Discounted Cash Flow (10Y) | 30% | $8.77 |
| Discounted Cash Flow (5Y) | 25% | $6.52 |
| Dividend Discount Model (Multi-Stage) | 20% | $2.44 |
| Dividend Discount Model (Stable) | 15% | $3.41 |
| Earnings Power Value | 10% | $7.37 |
| Weighted Average | 100% | $28.50 |
Based on our comprehensive valuation analysis, GasLog Partners LP's weighted average intrinsic value is $28.50, which is approximately 230.3% above the current market price of $8.63.
Key investment considerations:
Given these factors, we believe GasLog Partners LP is currently significantly undervalued with the potential for long-term appreciation based on the company's growth trajectory and financial strength.