The long-term trend of the EPS is an important number as it indicates the present value of Ciner Resources LP. It is usually expressed as a percentage and is then referred to as the EPS growth rate, which at this time is hard to estimate, but revenue growth has been -2.20 % over the last twelve months. EPS growth is a vital measure of execution of the strategy for Ciner Resources LP since it indicates how well the business is allocating resources to benefit shareholders.



Ciner Resources LP is part of the basic materials sector and trades as part of the metals and mining industry. The company CEO is Kirk H. Milling. Ciner Resources LP is engaged in the production of natural soda ash from its facility located in Green River, Wyoming.

Previous Intraday Performance:

The CINR shares had a previous change of 0.55% which opened at 23.80 and closed at 23.78. It moved to an intraday high of 23.80 and a low of 23.50.

SeekingAlpha:  50 Top Yield Basic Materials Dividend WallStars For November By Dividend Dogcatcher

Historical Performance:

Over the last five trading days, CINR shares returned -0.13% and in the past 30 trading days it returned -5.01%. Over three months, it changed -11.23%. In one year it has changed 1.80% and within that year its 52-week high was 29.36 and its 52-week low was 23.50. CINR stock is 1.19% above its 52 Week Low.

Our calculations result in a 200 day moving average of 25.56 and a 50 day moving average of 25.11. Right now, CINR stock is trading -6.97% below its 200 day moving average and may not be a great opportunity to buy as it may continue to trend down.

SeekingAlpha:  50 Top Yield Basic Materials Dividend WallStars For November By Dividend Dogcatcher

Liquidity:

The company has a market cap of $469.9m with 19.8m shares outstanding and a float of 19.6m shares. Trading volume was 10,924 shares and has experienced an average volume of 11,472 shares. Our calculation, using the current average volume and close price, leads me to believe that the liquidity is bad, highly speculative and an investor may want to avoid this stock.

Earnings:

The last annual reported EPS for Ciner Resources LP was 2.07 which ended on 31st of December 2017, which according to the previous close, that is a PE of 11.49. Based on 2 analyst estimates, the consensus EPS for the next quarter is 0.60. The trailing twelve month EPS is 2.44, which comes to a trailing twelve month PE of 9.75.

Below was the last reported quarterly earnings per share:
09-30-2018:  0.44
06-30-2018:  0.83
03-31-2018:  0.51
12-31-2017:  0.66

The dividend per share is currently 2.27, which is a dividend yield of 9.54%. CINR stock may not have sufficient earnings to cover future dividends and still be able to invest in and grow the business, therefore in the future the dividend may be reduced.



Base on our calculations, the intrinsic value per share is 45.04, which means it might be undervalued and has a margin of safety of 47.20%

Indicators Also to Watch:

Based on the latest filings, there is 0.90% of insider ownership and 10.20% of institutional ownership. Short-interest was 16,379, which was 0.08% of shares outstanding. The short-interest ratio or days-to-cover ratio was 1.38. This stock has some short interest, but it might be normal and no need to worry if long the position.

I calculated the beta to be 0.84

SeekingAlpha:  Adecoagro S.A. 2018 Q3 – Results – Earnings Call Slides

Fundamental Numbers:

Based on last reported financials, the company’s return on assets is 11.34%, profit margin is 21.04%, price-to-sales is 0.97 and price-to-book is 3.13.

Company Score Card:

Results are out of six:
 0  : Growth Expectations Result
 5  : Financial Safety Result
 4  : Past Performance Result
 4  : Valuation Result
 2  : Dividend Safety Result
 3  : Overall Result

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Jake McWilliams
I am an independent trader, analyst and algorithmic trading expert, having worked both for the sell side (brokerage) and the buy side (fund administration). I have been trading professionally for about 20 years. I trade stocks and forex and I play both long and short positions in underlying asset or through options. I have experience with discretionary and fully automated systems (Metatrader and Quantshare).

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