Summit Midstream Partners LP
NYSE:SMLP
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EV/EBIT
Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.
Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.
Valuation Scenarios
If EV/EBIT returns to its 3-Year Average (14.1), the stock would be worth $37.75 (0% downside from current price).
| Scenario | EV/EBIT Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 14.1 | $37.75 |
0%
|
| 3-Year Average | 14.1 | $37.75 |
0%
|
| 5-Year Average | 20.6 | $55.13 |
+46%
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| Industry Average | 12.1 | $32.27 |
-15%
|
| Country Average | 19.6 | $52.48 |
+39%
|
Forward EV/EBIT
Today’s price vs future ebit
| Today's Enterprise Value | EBIT | Forward EV/EBIT | ||
|---|---|---|---|---|
|
$1.2B
|
/ |
Apr 2024
$83.9m
|
= |
|
|
$1.2B
|
/ |
Dec 2024
$107m
|
= |
|
Forward EV/EBIT shows whether today’s EV/EBIT still looks high or low once future ebit are taken into account.
Peer Comparison
| Market Cap | EV/EBIT | P/E | ||||
|---|---|---|---|---|---|---|
| US |
|
Summit Midstream Partners LP
NYSE:SMLP
|
402m USD | 14.1 | 4.9 | |
| CA |
|
Enbridge Inc
TSX:ENB
|
154.6B CAD | 22.6 | 22.2 | |
| US |
|
Williams Companies Inc
NYSE:WMB
|
87.6B USD | 26.2 | 33.5 | |
| US |
|
Enterprise Products Partners LP
NYSE:EPD
|
81.8B USD | 16.4 | 14.2 | |
| US |
|
Kinder Morgan Inc
NYSE:KMI
|
70.6B USD | 21.4 | 23.2 | |
| US |
|
Energy Transfer LP
NYSE:ET
|
65.9B USD | 14.3 | 15.8 | |
| CA |
|
TC Energy Corp
TSX:TRP
|
85.5B CAD | 21.3 | 25.5 | |
| US |
|
MPLX LP
NYSE:MPLX
|
56.7B USD | 13.2 | 11.6 | |
| US |
|
ONEOK Inc
NYSE:OKE
|
54.9B USD | 14.8 | 16.2 | |
| US |
|
Cheniere Energy Inc
NYSE:LNG
|
54.1B USD | 8.4 | 10.1 | |
| US |
|
Targa Resources Corp
NYSE:TRGP
|
51.5B USD | 20.4 | 28 |
Market Distribution
| Min | 0 |
| 30th Percentile | 13.6 |
| Median | 19.6 |
| 70th Percentile | 27.8 |
| Max | 1 826 183.2 |
Other Multiples
Summit Midstream Partners LP
Glance View
Summit Midstream Partners LP engages in the development, ownership, and operation of midstream energy infrastructure assets that are located in unconventional resource basins, primarily shale formations. The company is headquartered in Houston, Texas and currently employs 209 full-time employees. The company went IPO on 2012-09-28. is focused on developing, owning and operating midstream energy infrastructure assets located in the producing areas of unconventional resource basins, primarily shale formations, in the continental United States. The firm's segments include Rockies, which Includes its wholly owned midstream assets located in the Williston Basin and the DJ Basin; Permian, which Includes its wholly owned midstream assets located in the Permian Basin and its equity method investment in Double E; Northeast, which Includes its wholly owned midstream assets located in the Utica and Marcellus shale plays and its equity method investment in Ohio Gathering that is focused on the Utica Shale; Piceance, which Includes its wholly owned midstream assets located in the Piceance Basin., and Barnett which Includes its wholly owned midstream assets located in the Barnett Shale. The company provides natural gas, crude oil and produced water gathering, processing and transportation services.
