# KNOT Offshore Partners LP Common Units representing Limited Partner Interests (KNOP) fundamentals

Data as of 2026-11-04. NYSE, United States. Sector: Energy / Oil, Gas & Fuels. Price $8.87, market value $306 million.

## Valuation
- **P/E (trailing): 63.4×**. KNOT Offshore Partners LP Common Units representing Limited Partner Interests trades at 63.4× trailing earnings. The Energy median in the September 2026 study was 16.8×. Forward P/E is 12.8×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 0.8×**. Each dollar of revenue is priced at 0.8×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 0.6×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **EV / EBITDA: 5.6×**. Enterprise value is 5.6× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 50.2%**. Free cash flow equals 50.2% of the market value. Above 5% is generally attractive.
- **Earnings yield: 1.6%**. The inverse of the P/E: 1.6% of the price is earned each year.

## Profitability
- **Gross margin: 25.6%**. KNOT Offshore Partners LP Common Units representing Limited Partner Interests keeps 25.6% of revenue after the direct cost of what it sells.
- **Operating margin: 23.4%**. 23.4% of revenue is left after running the business, a healthy level in most sectors.
- **Net margin: 6.4%**. 6.4% of each dollar of sales reaches the bottom line.
- **Return on assets: 0.9%**. Each dollar of assets produces 0.9% of profit.

## Growth
- **Revenue growth (1 yr): 14.4%** (3-yr 10.7%/yr, 5-yr 5.5%/yr). Revenue grew 14.4% over the last year, against 5.5% a year compounded over five years: growth is accelerating.

## Financial health
- **Net debt / EBITDA: 4.1×**. It would take 4.1 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Interest coverage: 1.6×**. Operating profit covers interest 1.6×, thin but manageable.
- **Current ratio: 0.26** (quick 0.26). Current liabilities exceed current assets, so the company depends on ongoing cash generation or refinancing to pay the next year's bills.
- **Altman Z-score: 0.33**. A Z-score of 0.33 is in the distress zone, a signal to examine the balance sheet closely.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 4.51%** ($0.18 per share, trailing). KNOT Offshore Partners LP Common Units representing Limited Partner Interests yields 4.51%, an income-level yield.
- **Payout ratio: 45%** (7% of free cash flow). 45% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 2**. 2 straight years of increases.
- **Dividend growth (5 yr): -45.1%/yr** (1-yr 0.0%). The dividend has not grown over five years.

## Analyst view
- **Analyst consensus: strong_buy** (2 analysts). 2 analysts cover KNOT Offshore Partners LP Common Units representing Limited Partner Interests; the consensus is strong_buy, with an average price target of $14.50 (+63% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): -0.1%** (YTD -12.9%, 3-mo -17.0%). The shares are down 0.1% over twelve months including dividends.
- **From 52-week high: -24.7%** (10.0% above the low). Trading 25% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 21**. An RSI of 21 is oversold; bounces are common, but oversold can stay oversold in a real decline.
- **Beta (1 yr): 0.33** (volatility 32%). Beta of 0.33 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=KNOP · Page: https://foliofundamentals.com/stocks/knop

Not investment advice.