GasLog Partners LP (GLOP.PA) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+184.0%

$71.43

vs $25.15 price

Levered DCF

$79.08

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

3.58

Safe zone

Rating

A-

Overall 4 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	-65.64×	8.52×	9.07×	13.68×	-56.02×	29.09×	-17.71×	11.93×
P/B	1.2×	0.99×	0.83×	1.32×	1.45×	0.81×	1.24×	0.81×
P/S	4.72×	3.61×	3.16×	3.43×	4.08×	2.3×	3.16×	2.5×
EV / EBITDA	7.63×	5.32×	4.55×	8.1×	18.11×	10.22×	20.65×	7.76×
Gross margin	33.1%	48.4%	55.5%	55.1%	48.6%	49.6%	54.2%	56.0%
Operating margin	28.2%	43.8%	49.4%	50.4%	44.5%	43.9%	49.1%	50.8%
Net margin	-7.2%	42.4%	34.9%	32.1%	1.8%	17.0%	-9.9%	26.8%
Current ratio	0.37×	0.45×	0.75×	1.37×	0.92×	0.68×	0.59×	0.35×
Debt / equity	0.08×	0.08×	0.06×	1.02×	1.24×	1.35×	1.39×	1.16×
Interest coverage	15.55×	32.31×	2.93×	3.92×	3.89×	2.87×	2.58×	2.68×
Dividend yield	9.9%	17.6%	23.2%	2.3%	2.4%	9.0%	11.5%	12.3%
Payout ratio	-646.2%	150.0%	210.7%	24.5%	556.7%	122.3%	-368.7%	115.1%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-1.8%	11.6%	9.1%	12.4%	0.6%	6.0%	-3.9%	8.7%
Return on invested capital	6.8%	11.1%	12.2%	9.6%	7.0%	6.5%	8.0%	7.4%
Return on assets	-1.7%	10.4%	8.3%	5.9%	0.3%	2.4%	-1.6%	3.8%
Free cash flow yield	13.0%	20.0%	19.2%	21.7%	16.1%	18.6%	18.8%	16.8%
Earnings yield	-1.5%	11.7%	11.0%	9.4%	0.4%	7.4%	-3.1%	10.7%
Enterprise value	$1.4B	$1.4B	$1.3B	$2.1B	$2.3B	$2B	$2.4B	$2.2B
Net debt / EBITDA	0.47×	0.38×	0.28×	3.09×	7.75×	6.19×	10.55×	4.37×
Cash conversion cycle (days)	26	4	9	-3	-2	-5	-21	18