Equitrans Midstream Corp
NYSE:ETRN
Intrinsic Value
Equitrans Midstream Corp. has a premier asset footprint in the Appalachian Basin and is one of the largest natural gas gatherers in the United States. [ Read More ]
The intrinsic value of one
ETRN
stock under the Base Case scenario is
17.01
USD.
Compared to the current market price of 13.74 USD,
Equitrans Midstream Corp
is
Undervalued by 19%.
Equitrans Midstream Corp's market capitalization is 6.4B USD.
ETRN stock price is 13.74 USD.
ETRN stock price (13.74 USD) is 19% less than its Intrinsic Value (17.01 USD).
ETRN stock price (13.74 USD) is 34% less than its Relative Value (20.71 USD). Open Relative Valuation
ETRN has downside potential of 17% compared to the average analyst price target.
Open Wall St Estimates
ETRN's Revenue has grown by 3% over the past 12 months.
ETRN's ROIC (Return on Invested Capital) has increased in the last 3 years from 6% to 7%.
ETRN's Revenue is forecast to grow at a rate of 3% per year over the next 3 years.
ETRN's ROIC (Return on Invested Capital) for the past 12 months is positive and is equal to 7%.
ETRN's long-term assets (12B USD) exceed its long-term liabilties (10B USD).
ETRN's Revenue has been falling by 3% per year for the last 3 years.
ETRN's ROE (Return on Equity) has increased in the last 3 years from 16% to 23%.
ETRN's ROE (Return on Equity) for the past 12 months is positive and is equal to 23%.
ETRN has a very low three-year average ROIC (Return on Invested Capital): 4%. The company is not efficient at using invested capital to generate operating income.
ETRN's short-term liabilties (783m USD) exceed its short-term assets (595m USD).
ETRN has positive Operating Income for the last twelve months.
ETRN has positive Net Income for the last twelve months.
ETRN has positive Gross Profit for the last twelve months.
ETRN has positive Free Cash Flow for the last twelve months.
ETRN has negative three-year average ROE (Return on Equity): -14%. The company is not efficient at transforming stockholders' equity into net income.
ETRN has positive Net Debt. This means that the company has more debt (7B USD) than cash and short-term investments (259m USD).
ETRN's D/E (Debt to Equity) is very high and is equal to 4.22.
ETRN's Altman Z-Score is very low and is equal to 0.2.
ETRN generates enough operating income (684m USD) to cover interest payments on its debt (423m USD).
Valuation Backtest
Equitrans Midstream Corp
Run backtest to discover the historical profit from buying and selling
ETRN
stocks based on their intrinsic value.
Analyze the historical link between intrinsic value and market price to make more informed investment decisions.
Fundamental Analysis
Equitrans Midstream Corp
Balance Sheet Decomposition
Equitrans Midstream Corp
| Current Assets | 595.5m |
| Cash & Short-Term Investments | 258.9m |
| Receivables | 258.3m |
| Other Current Assets | 78.4m |
| Non-Current Assets | 11.1B |
| Long-Term Investments | 1.8B |
| PP&E | 8B |
| Intangibles | 1B |
| Other Non-Current Assets | 280.4m |
| Current Liabilities | 782.9m |
| Accounts Payable | 60.9m |
| Accrued Liabilities | 241.2m |
| Other Current Liabilities | 480.8m |
| Non-Current Liabilities | 9.2B |
| Long-Term Debt | 7.3B |
| Other Non-Current Liabilities | 1.9B |
Earnings Waterfall
Equitrans Midstream Corp
|
Revenue
|
1.4B
USD
|
|
Cost of Revenue
|
-178m
USD
|
|
Gross Profit
|
1.2B
USD
|
|
Operating Expenses
|
-531.6m
USD
|
|
Operating Income
|
684.4m
USD
|
|
Other Expenses
|
-297.7m
USD
|
|
Net Income
|
386.7m
USD
|
Free Cash Flow Analysis
Equitrans Midstream Corp
ETRN Profitability Score
Profitability Due Diligence
Equitrans Midstream Corp's profitability score is 53/100. The higher the profitability score, the more profitable the company is.
Score
Equitrans Midstream Corp's profitability score is 53/100. The higher the profitability score, the more profitable the company is.
ETRN Solvency Score
Solvency Due Diligence
Equitrans Midstream Corp's solvency score is 15/100. The higher the solvency score, the more solvent the company is.
Score
Equitrans Midstream Corp's solvency score is 15/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
ETRN Price Targets Summary
Equitrans Midstream Corp
According to Wall Street analysts, the average 1-year price target for
ETRN
is 11.39 USD
with a low forecast of 9.09 USD and a high forecast of 12.6 USD.
Ownership
ETRN Insider Trading
Buy and sell transactions by insiders
| Period | Sold | Bought | Net |
|---|---|---|---|
| 3 Months |
|
|
|
| 6 Months |
|
|
|
| 9 Months |
|
|
|
| 12 Months |
|
|
|
Shareholder Return
ETRN Price
Equitrans Midstream Corp
| Average Annual Return | -13.54% |
| Standard Deviation of Annual Returns | 38.49% |
| Max Drawdown | -79% |
| Market Capitalization | 6.4B USD |
| Shares Outstanding | 433 660 992 |
| Percentage of Shares Shorted | 2.85% |
ETRN News
Last Important Events
Equitrans Midstream Corp
Significant happenings or occurrences that are of interest to investors. These could be company-specific developments or market-wide shifts.
Sentiment Analysis
Equitrans Midstream Corp
Company Profile
Equitrans Midstream Corp
Country
Industry
Market Cap
Dividend Yield
Description
Equitrans Midstream Corp. has a premier asset footprint in the Appalachian Basin and is one of the largest natural gas gatherers in the United States. The company is headquartered in Pittsburgh, Pennsylvania and currently employs 766 full-time employees. The company went IPO on 2018-10-31. The firm provides midstream services to its customers in Pennsylvania, West Virginia, and Ohio. The firm operates through three segments: Gathering, Transmission and Water. The company provides services through its primary assets, which consists of the gathering system that includes dry gas gathering systems of high-pressure gathering lines; the transmission system, which includes United States Federal Energy Regulatory Commission (FERC)-regulated interstate pipelines and storage systems; and the water service system, which consists of water pipelines, impoundment facilities, pumping stations, take point facilities and measurement facilities that support well completion activities and collect flowback and produced water for recycling or disposal. The firm provides natural gas gathering, transmission and storage services under contracts.
Contact
IPO
Employees
Officers
The intrinsic value of one
ETRN
stock under the Base Case scenario is
17.01
USD.
Compared to the current market price of 13.74 USD,
Equitrans Midstream Corp
is
Undervalued by 19%.
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