ENERGY TRANSFER LP |
Market Closed -
Other stock markets
|
After market 05:37:17 pm | |||
| 15.48 USD | -0.58% |
|
15.5 | +0.16% |
| Jun. 10 | Morgan Stanley Adjusts Price Target on Energy Transfer to $20 From $19, Maintains Overweight Rating | MT |
| Jun. 10 | US energy sector consolidation extends into 2024 | RE |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 34,443 | 16,672 | 25,361 | 36,660 | 43,402 | 52,471 | - | - |
| Enterprise Value (EV) 1 | 85,206 | 67,743 | 74,727 | 84,665 | 95,629 | 104,438 | 102,189 | 100,458 |
| P/E ratio | 9.43 x | -25.8 x | 4.35 x | 8.48 x | 12.7 x | 10.6 x | 9.04 x | 8.61 x |
| Yield | 9.51% | 14.8% | 7.69% | 8.42% | 9.02% | 8.29% | 8.63% | 9.11% |
| Capitalization / Revenue | 0.64 x | 0.43 x | 0.38 x | 0.41 x | 0.55 x | 0.57 x | 0.59 x | 0.58 x |
| EV / Revenue | 1.57 x | 1.74 x | 1.11 x | 0.94 x | 1.22 x | 1.14 x | 1.14 x | 1.1 x |
| EV / EBITDA | 7.6 x | 6.43 x | 5.73 x | 6.47 x | 6.98 x | 6.79 x | 6.43 x | 6.12 x |
| EV / FCF | 41.7 x | 30.4 x | 8.96 x | 14.9 x | 14.9 x | 17.4 x | 15.4 x | 13.7 x |
| FCF Yield | 2.4% | 3.29% | 11.2% | 6.7% | 6.71% | 5.76% | 6.49% | 7.3% |
| Price to Book | 1.54 x | 0.9 x | 0.74 x | 1.11 x | 1.2 x | 1.5 x | 1.43 x | 1.35 x |
| Nbr of stocks (in thousands) | 2,684,596 | 2,697,716 | 3,081,577 | 3,088,475 | 3,145,066 | 3,370,023 | - | - |
| Reference price 2 | 12.83 | 6.180 | 8.230 | 11.87 | 13.80 | 15.57 | 15.57 | 15.57 |
| Announcement Date | 2/19/20 | 2/17/21 | 2/16/22 | 2/15/23 | 2/14/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 54,213 | 38,954 | 67,417 | 89,876 | 78,586 | 91,448 | 89,345 | 91,008 |
| EBITDA 1 | 11,214 | 10,531 | 13,046 | 13,093 | 13,698 | 15,387 | 15,894 | 16,414 |
| EBIT 1 | 7,277 | 5,860 | 8,851 | 7,738 | 8,295 | 9,776 | 10,374 | 10,937 |
| Operating Margin | 13.42% | 15.04% | 13.13% | 8.61% | 10.56% | 10.69% | 11.61% | 12.02% |
| Earnings before Tax (EBT) 1 | 5,094 | 377 | 6,871 | 6,072 | 5,597 | 7,474 | 8,057 | 8,154 |
| Net income 1 | 3,588 | -647 | 5,179 | 4,330 | 3,469 | 5,280 | 6,137 | 6,512 |
| Net margin | 6.62% | -1.66% | 7.68% | 4.82% | 4.41% | 5.77% | 6.87% | 7.16% |
| EPS 2 | 1.360 | -0.2400 | 1.890 | 1.400 | 1.090 | 1.474 | 1.722 | 1.809 |
| Free Cash Flow 1 | 2,043 | 2,231 | 8,340 | 5,670 | 6,421 | 6,015 | 6,632 | 7,334 |
| FCF margin | 3.77% | 5.73% | 12.37% | 6.31% | 8.17% | 6.58% | 7.42% | 8.06% |
| FCF Conversion (EBITDA) | 18.22% | 21.19% | 63.93% | 43.31% | 46.88% | 39.09% | 41.72% | 44.68% |
| FCF Conversion (Net income) | 56.94% | - | 161.03% | 130.95% | 185.1% | 113.92% | 108.06% | 112.62% |
| Dividend per Share 2 | 1.220 | 0.9150 | 0.6325 | 1.000 | 1.245 | 1.291 | 1.344 | 1.419 |
| Announcement Date | 2/19/20 | 2/17/21 | 2/16/22 | 2/15/23 | 2/14/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 18,657 | 20,491 | 25,945 | 22,939 | 20,501 | 18,995 | 18,320 | 20,739 | 20,532 | 21,629 | 23,128 | 23,637 | 24,011 | 24,349 | 25,412 |
| EBITDA 1 | 2,811 | 3,340 | 3,228 | 3,088 | 3,437 | 3,433 | 3,122 | 3,541 | 3,602 | 3,880 | 3,680 | 3,806 | 3,924 | 3,911 | 3,806 |
| EBIT 1 | 1,729 | 1,846 | 2,113 | 1,973 | 1,806 | 2,062 | 1,835 | 2,233 | 2,165 | 2,380 | 2,363 | 2,447 | 2,525 | 2,587 | 2,237 |
| Operating Margin | 9.27% | 9.01% | 8.14% | 8.6% | 8.81% | 10.86% | 10.02% | 10.77% | 10.54% | 11% | 10.22% | 10.35% | 10.52% | 10.62% | 8.8% |
| Earnings before Tax (EBT) 1 | 1,181 | 1,478 | 1,708 | 1,404 | 1,482 | 1,518 | 1,341 | 1,124 | 1,614 | 1,781 | 1,657 | 1,833 | 1,940 | 1,785 | 1,788 |
| Net income 1 | 820 | 1,162 | 1,326 | 899 | 1,049 | 1,003 | 797 | 466 | 1,203 | 1,089 | 1,336 | 1,341 | 1,428 | 1,427 | 1,207 |
| Net margin | 4.4% | 5.67% | 5.11% | 3.92% | 5.12% | 5.28% | 4.35% | 2.25% | 5.86% | 5.03% | 5.78% | 5.67% | 5.95% | 5.86% | 4.75% |
| EPS 2 | 0.2900 | 0.3700 | 0.3900 | 0.2900 | 0.3400 | 0.3200 | 0.2500 | 0.1500 | 0.3700 | 0.3200 | 0.3414 | 0.3515 | 0.3858 | 0.3772 | 0.3259 |
| Dividend per Share 2 | 0.1750 | 0.2000 | 0.2300 | 0.2650 | 0.3050 | 0.3075 | 0.3100 | 0.3125 | 0.3150 | - | 0.3206 | 0.3232 | 0.3268 | 0.3314 | 0.3338 |
| Announcement Date | 2/16/22 | 5/4/22 | 8/3/22 | 11/1/22 | 2/15/23 | 5/2/23 | 8/2/23 | 11/1/23 | 2/14/24 | 5/8/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 50,763 | 51,071 | 49,366 | 48,005 | 52,227 | 51,967 | 49,718 | 47,987 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 4.527 x | 4.85 x | 3.784 x | 3.666 x | 3.813 x | 3.377 x | 3.128 x | 2.924 x |
| Free Cash Flow 1 | 2,043 | 2,231 | 8,340 | 5,670 | 6,421 | 6,015 | 6,632 | 7,334 |
| ROE (net income / shareholders' equity) | 16.9% | 2.46% | 21% | 14.6% | 9.95% | 14.6% | 16.1% | 17% |
| ROA (Net income/ Total Assets) | 3.83% | 0.51% | 5.21% | 4.45% | 3.16% | 5.1% | 6.2% | 6.8% |
| Assets 1 | 93,564 | -126,121 | 99,451 | 97,411 | 109,671 | 103,529 | 98,982 | 95,767 |
| Book Value Per Share 2 | 8.310 | 6.860 | 11.10 | 10.70 | 11.50 | 10.40 | 10.90 | 11.50 |
| Cash Flow per Share 2 | 3.030 | 2.730 | 4.070 | 2.920 | 3.010 | 4.130 | 4.100 | - |
| Capex 1 | 5,960 | 5,130 | 2,822 | 3,381 | 3,134 | 3,344 | 3,106 | 2,945 |
| Capex / Sales | 10.99% | 13.17% | 4.19% | 3.76% | 3.99% | 3.66% | 3.48% | 3.24% |
| Announcement Date | 2/19/20 | 2/17/21 | 2/16/22 | 2/15/23 | 2/14/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
D+
Sell
Buy
Mean consensus
BUY
Number of Analysts
17
Last Close Price
15.57
USD
Average target price
18.84
USD
Spread / Average Target
+20.99%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +12.83% | 52.47B | |
| +26.11% | 6.71B | |
| +40.96% | 6.22B | |
| +65.41% | 2.04B | |
| -7.84% | 1.59B | |
| +5.32% | 1.18B | |
| +26.72% | 970M | |
| -36.48% | 139M | |
| -6.58% | 138M | |
| -33.16% | 112M |
- Stock Market
- Equities
- ET Stock
- Financials Energy Transfer LP
