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Kinder Morgan Inc
NYSE:KMI

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Kinder Morgan Inc Logo
Kinder Morgan Inc
NYSE:KMI
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Price: 18.34 USD 1.05% Market Closed
Updated: Mar 29, 2024

Intrinsic Value

Kinder Morgan, Inc. operates as an energy infrastructure company. [ Read More ]

The intrinsic value of one KMI stock under the Base Case scenario is 23.93 USD. Compared to the current market price of 18.34 USD, Kinder Morgan Inc is Undervalued by 23%.

Key Points:
KMI Intrinsic Value
Base Case
23.93 USD
Undervaluation 23%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
Kinder Morgan Inc

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Fundamental Analysis

Healthy Growth and Acquisitions Boost Kinder Morgan
2023-Q4 Earnings Call

Healthy Growth and Acquisitions Boost Kinder Morgan

In their financial outlook for 2024, Kinder Morgan is projecting robust growth in EBITDA, EPS, and DCF per share, fueled by expansion CapEx and strategic acquisitions, primarily in the Natural Gas segment. The company expects to continue benefiting from the anticipated growth in natural gas production and demand, largely driven by LNG exports and exports to Mexico. They anticipate expanding their already significant system to leverage these opportunities. Despite closing 2023 slightly below budget, due to lower commodity prices, they completed a $1.8 billion Nextera South Texas acquisition, which fits well with their existing system servicing the Gulf Coast and Mexico. Updated guidance for 2024 includes a 15% growth in earnings per share and 8% growth in DCF per share over 2023, with the final budget assuming WTI of $82 per barrel and $3.50 for Henry Hub natural gas. For the fourth quarter of 2023, the company declared a dividend of $0.2825 per share, up 2% from 2022, continued its share repurchase program, and ended with a net debt to adjusted EBITDA of 4.2x. Performance in the Natural Gas and Terminals businesses was good, but commodity prices and milder winter weather led to lower overall earnings in some sectors.

Financials

Balance Sheet Decomposition
Kinder Morgan Inc

Current Assets 2.5B
Cash & Short-Term Investments 83m
Receivables 1.6B
Other Current Assets 871m
Non-Current Assets 68.5B
Long-Term Investments 7.9B
PP&E 37.3B
Intangibles 22.1B
Other Non-Current Assets 1.2B
Current Liabilities 7.2B
Accounts Payable 1.4B
Accrued Liabilities 513m
Other Current Liabilities 5.3B
Non-Current Liabilities 33.5B
Long-Term Debt 28.1B
Other Non-Current Liabilities 5.4B
Efficiency

Earnings Waterfall
Kinder Morgan Inc

Revenue
15.3B USD
Cost of Revenue
-7.7B USD
Gross Profit
7.6B USD
Operating Expenses
-3.3B USD
Operating Income
4.2B USD
Other Expenses
-1.9B USD
Net Income
2.4B USD

Free Cash Flow Analysis
Kinder Morgan Inc

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3-Years Average
FCF Margin
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Fundamental Scores

KMI Profitability Score
Profitability Due Diligence

Kinder Morgan Inc's profitability score is 56/100. The higher the profitability score, the more profitable the company is.

Positive Free Cash Flow
Positive Gross Profit
Positive Operating Income
Positive 3-Years Revenue Growth
56/100
Profitability
Score

Kinder Morgan Inc's profitability score is 56/100. The higher the profitability score, the more profitable the company is.

KMI Solvency Score
Solvency Due Diligence

Kinder Morgan Inc's solvency score is 23/100. The higher the solvency score, the more solvent the company is.

Long-Term Solvency
Low D/E
Short-Term Solvency
Positive Net Debt
23/100
Solvency
Score

Kinder Morgan Inc's solvency score is 23/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

KMI Price Targets Summary
Kinder Morgan Inc

Wall Street analysts forecast KMI stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for KMI is 20.85 USD with a low forecast of 17.17 USD and a high forecast of 24.15 USD.

Lowest
Price Target
17.17 USD
6% Downside
Average
Price Target
20.85 USD
14% Upside
Highest
Price Target
24.15 USD
32% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Ownership

KMI Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
Why is insider trading important?

Shareholder Return

KMI Price
Kinder Morgan Inc

1M 1M
+5%
6M 6M
+11%
1Y 1Y
+8%
3Y 3Y
+26%
5Y 5Y
+19%
10Y 10Y
-11%
Annual Price Range
18.34
52w Low
16.03
52w High
18.34
Price Metrics
Average Annual Return 5.99%
Standard Deviation of Annual Returns 25.9%
Max Drawdown -55%
Shares Statistics
Market Capitalization 40.7B USD
Shares Outstanding 2 219 370 000
Percentage of Shares Shorted 1.5%

KMI Return Decomposition
Main factors of price return

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KMI News

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Company Profile

Kinder Morgan Inc Logo
Kinder Morgan Inc

Country

United States of America

Industry

Energy

Market Cap

40.7B USD

Dividend Yield

6.16%

Description

Kinder Morgan, Inc. operates as an energy infrastructure company. The company is headquartered in Houston, Texas and currently employs 10,529 full-time employees. The company went IPO on 2011-02-11. The firm operates through four segments, such as Natural Gas Pipelines, Natural Gas Pipelines, Terminals and CO2 segment. The Natural Gas Pipelines business segment consist of natural gas transportation, storage, sales, gathering, processing and treating, and various liquefied natural gas (LNG) services. The Products Pipelines business segment consists of its refined petroleum products, crude oil and condensate pipelines, and associated terminals. The Terminals business segment includes the operations of refined petroleum product, chemical, renewable fuel and other liquid terminal facilities (other than those included in the Products Pipelines business segment) and all of its petroleum coke, metal and ores facilities. CO2 business segment produces, transports and markets carbon dioxide (CO2) for use in enhanced oil recovery projects as a flooding medium for recovering crude oil from mature oil fields.

Contact

TEXAS
Houston
1001 Louisiana St Ste 1000
+17133699000.0
https://www.kindermorgan.com/

IPO

2011-02-11

Employees

10 529

Officers

CEO & Director
Ms. Kimberly Allen Dang
VP & CFO
Mr. David Patrick Michels
VP & COO
Mr. James E. Holland
VP & President of Products Pipelines
Mr. Dax A. Sanders CPA
Executive Chairman of the Board
Mr. Richard D. Kinder
President
Mr. Thomas A. Martin
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VP & Chief Information Officer
Mr. Mark Huse
VP & Chief Administrative Officer
Ms. Denise R. Mathews
VP & General Counsel
Ms. Catherine B. Callaway James
Vice President of Government Relations & Communications
Mr. David W. Conover
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See Also

Discover More
What is the Intrinsic Value of one KMI stock?

The intrinsic value of one KMI stock under the Base Case scenario is 23.93 USD.

Is KMI stock undervalued or overvalued?

Compared to the current market price of 18.34 USD, Kinder Morgan Inc is Undervalued by 23%.