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Is GasLog Partners (GLOP) a Great Value Stock Right Now?

Zacks Equity Research
·3-min read

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.

Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.

One company to watch right now is GasLog Partners (GLOP). GLOP is currently holding a Zacks Rank of #1 (Strong Buy) and a Value grade of A. The stock is trading with a P/E ratio of 3.71, which compares to its industry's average of 3.80. Over the past year, GLOP's Forward P/E has been as high as 4.46 and as low as 2.27, with a median of 3.27.

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Investors should also recognize that GLOP has a P/B ratio of 0.45. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. GLOP's current P/B looks attractive when compared to its industry's average P/B of 1.20. Within the past 52 weeks, GLOP's P/B has been as high as 0.60 and as low as 0.26, with a median of 0.38.

Value investors also use the P/S ratio. The P/S ratio is is calculated as price divided by sales. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. GLOP has a P/S ratio of 0.84. This compares to its industry's average P/S of 1.2.

Investors could also keep in mind Grindrod Shipping (GRIN), an Transportation - Shipping stock with a Zacks Rank of # 2 (Buy) and Value grade of A.

Grindrod Shipping also has a P/B ratio of 0.98 compared to its industry's price-to-book ratio of 1.20. Over the past year, its P/B ratio has been as high as 1.62, as low as 0.74, with a median of 1.07.

Value investors will likely look at more than just these metrics, but the above data helps show that GasLog Partners and Grindrod Shipping are likely undervalued currently. And when considering the strength of its earnings outlook, GLOP and GRIN sticks out as one of the market's strongest value stocks.


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GasLog Partners LP (GLOP) : Free Stock Analysis Report
 
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