KNOP Valuation

Knot Offshore Partners LP

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9.830

-0.05(-0.506%)1D

KNOP Relative Valuation

KNOP's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, KNOP is overvalued; if below, it's undervalued.

Historical Valuation

Knot Offshore Partners LP (KNOP) is now in the Overvalued zone, suggesting that its current forward PS ratio of 9.83 is considered Overvalued compared with the five-year average of -12.37. The fair price of Knot Offshore Partners LP (KNOP) is between 3.92 to 5.49 according to relative valuation methord. Compared to the current price of 9.83 USD , Knot Offshore Partners LP is Overvalued By 79.13%.

Relative Value

Fair Zone

3.92-5.49

Current Price：9.83

79.13%

Overvalued

8.17

Trailing

Forward

5.78

EV/EBITDA

Knot Offshore Partners LP. (KNOP) has a current EV/EBITDA of 5.78. The 5-year average EV/EBITDA is 7.30. The thresholds are as follows: Strongly Undervalued below 5.19, Undervalued between 5.19 and 6.25, Fairly Valued between 8.36 and 6.25, Overvalued between 8.36 and 9.42, and Strongly Overvalued above 9.42. The current Forward EV/EBITDA of 5.78 falls within the Undervalued range.

14.82

EV/EBIT

Knot Offshore Partners LP. (KNOP) has a current EV/EBIT of 14.82. The 5-year average EV/EBIT is 20.51. The thresholds are as follows: Strongly Undervalued below 6.19, Undervalued between 6.19 and 13.35, Fairly Valued between 27.67 and 13.35, Overvalued between 27.67 and 34.83, and Strongly Overvalued above 34.83. The current Forward EV/EBIT of 14.82 falls within the Historic Trend Line -Fairly Valued range.

9.83

Knot Offshore Partners LP. (KNOP) has a current PS of 9.83. The 5-year average PS is 1.36. The thresholds are as follows: Strongly Undervalued below -0.60, Undervalued between -0.60 and 0.38, Fairly Valued between 2.34 and 0.38, Overvalued between 2.34 and 3.33, and Strongly Overvalued above 3.33. The current Forward PS of 9.83 falls within the Strongly Overvalued range.

2.01

P/OCF

Knot Offshore Partners LP. (KNOP) has a current P/OCF of 2.01. The 5-year average P/OCF is 2.80. The thresholds are as follows: Strongly Undervalued below 0.44, Undervalued between 0.44 and 1.62, Fairly Valued between 3.99 and 1.62, Overvalued between 3.99 and 5.17, and Strongly Overvalued above 5.17. The current Forward P/OCF of 2.01 falls within the Historic Trend Line -Fairly Valued range.

2.03

P/FCF

Knot Offshore Partners LP. (KNOP) has a current P/FCF of 2.03. The 5-year average P/FCF is 0.30. The thresholds are as follows: Strongly Undervalued below -1.04, Undervalued between -1.04 and -0.37, Fairly Valued between 0.97 and -0.37, Overvalued between 0.97 and 1.64, and Strongly Overvalued above 1.64. The current Forward P/FCF of 2.03 falls within the Strongly Overvalued range.

Knot Offshore Partners LP (KNOP) has a current Price-to-Book (P/B) ratio of 0.64. Compared to its 3-year average P/B ratio of 0.43 , the current P/B ratio is approximately 50.52% higher. Relative to its 5-year average P/B ratio of 0.65, the current P/B ratio is about -1.08% higher. Knot Offshore Partners LP (KNOP) has a Forward Free Cash Flow (FCF) yield of approximately 0.00%. Compared to its 3-year average FCF yield of 56.58%, the current FCF yield is approximately -100.00% lower. Relative to its 5-year average FCF yield of 44.32% , the current FCF yield is about -100.00% lower.

0.64

P/B

Median3y

0.43

Median5y

0.65

45.53

FCF Yield

Median3y

56.58

Median5y

44.32

Competitors Valuation Multiple

The average P/S ratio for KNOP's competitors is 15.71, providing a benchmark for relative valuation. Knot Offshore Partners LP Corp (KNOP) exhibits a P/S ratio of 9.83, which is -37.43% above the industry average. Given its robust revenue growth of 16.98%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

KNOP.N

Knot Offshore Partners LP

Costamare Bulkers Holdings Ltd

Imperial Petroleum Inc

5.38

-22.73%

187.46M

Performance Decomposition

Market capitalization of KNOP increased by 68.61% over the past 1 year. The primary factor behind the change was an increase in P/E Change from 4.79 to 14.23.

The secondary factor is the Revenue Growth, contributed 16.98%to the performance.

Overall, the performance of KNOP in the past 1 year is driven by P/E Change. Which is more unsustainable.

16.98%

74.42M → 87.06M

Revenue Growth

-145.28%

-17.27 → 7.82

Margin Expansion

196.91%

4.79 → 14.23

P/E Change

68.61%