Summit Midstream Partners LP
NYSE:SMLP
Intrinsic Value
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 formatio... [ Read More ]
The intrinsic value of one
SMLP
stock under the Base Case scenario is
74.48
USD.
Compared to the current market price of 28.02 USD,
Summit Midstream Partners LP
is
Undervalued by 62%.
Summit Midstream Partners LP's market capitalization is 290.7m USD.
SMLP stock price is 28.02 USD.
SMLP stock price (28.02 USD) is 62% less than its Intrinsic Value (74.48 USD).
SMLP stock price (28.02 USD) is 77% less than its Relative Value (119.72 USD). Open Relative Valuation
SMLP has downside potential of 21% compared to the average analyst price target.
Open Wall St Estimates
SMLP's ROIC (Return on Invested Capital) has increased in the last 3 years from 3% to 3%.
SMLP has positive Operating Income for the last twelve months.
SMLP's Revenue has been growing by 6% per year for the last 3 years.
SMLP's ROIC (Return on Invested Capital) for the past 12 months is very low and is equal to 3%.
SMLP's Revenue has grown by an exceptional 24% over the past 12 months.
SMLP's long-term assets (2B USD) exceed its long-term liabilties (2B USD).
SMLP has negative Net Income for the last twelve months.
SMLP's D/E (Debt to Equity) is equal to 1.73.
SMLP's ROE (Return on Equity) for the past 12 months is negative and is equal to -7%.
SMLP has a very low three-year average ROIC (Return on Invested Capital): 2%. The company is not efficient at using invested capital to generate operating income.
SMLP's ROE (Return on Equity) has significantly decreased in the last 3 years from 29% to -7%.
SMLP's short-term liabilties (134m USD) exceed its short-term assets (98m USD).
SMLP has a very low three-year average ROE (Return on Equity): 1%. The company is not efficient at transforming stockholders' equity into net income.
SMLP has positive Gross Profit for the last twelve months.
SMLP has positive Free Cash Flow for the last twelve months.
SMLP has positive Net Debt. This means that the company has more debt (1B USD) than cash and short-term investments (14m USD).
SMLP's Altman Z-Score is very low and is equal to 0.33.
SMLP doesn't generate enough operating income (81m USD) to safely cover interest payments on its debt (127m USD).
Valuation Backtest
Summit Midstream Partners LP
Run backtest to discover the historical profit from buying and selling
SMLP
stocks based on their intrinsic value.
Analyze the historical link between intrinsic value and market price to make more informed investment decisions.
Fundamental Analysis
Summit Midstream Partners LP
Balance Sheet Decomposition
Summit Midstream Partners LP
| Current Assets | 98.4m |
| Cash & Short-Term Investments | 14m |
| Receivables | 76.3m |
| Other Current Assets | 8.1m |
| Non-Current Assets | 2.4B |
| Long-Term Investments | 486.4m |
| PP&E | 1.7B |
| Intangibles | 175.6m |
| Other Non-Current Assets | 35.2m |
| Current Liabilities | 134m |
| Accounts Payable | 22.7m |
| Accrued Liabilities | 75.2m |
| Other Current Liabilities | 36.1m |
| Non-Current Liabilities | 1.5B |
| Long-Term Debt | 1.5B |
| Other Non-Current Liabilities | 61.8m |
Earnings Waterfall
Summit Midstream Partners LP
|
Revenue
|
458.9m
USD
|
|
Cost of Revenue
|
-213.2m
USD
|
|
Gross Profit
|
245.7m
USD
|
|
Operating Expenses
|
-164.9m
USD
|
|
Operating Income
|
80.8m
USD
|
|
Other Expenses
|
-143.9m
USD
|
|
Net Income
|
-63.1m
USD
|
Free Cash Flow Analysis
Summit Midstream Partners LP
SMLP Profitability Score
Profitability Due Diligence
Summit Midstream Partners LP's profitability score is 50/100. The higher the profitability score, the more profitable the company is.
Score
Summit Midstream Partners LP's profitability score is 50/100. The higher the profitability score, the more profitable the company is.
SMLP Solvency Score
Solvency Due Diligence
Summit Midstream Partners LP's solvency score is 20/100. The higher the solvency score, the more solvent the company is.
Score
Summit Midstream Partners LP's solvency score is 20/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
SMLP Price Targets Summary
Summit Midstream Partners LP
According to Wall Street analysts, the average 1-year price target for
SMLP
is 22 USD
.
Ownership
SMLP Insider Trading
Buy and sell transactions by insiders
| Period | Sold | Bought | Net |
|---|---|---|---|
| 3 Months |
|
|
|
| 6 Months |
|
|
|
| 9 Months |
|
|
|
| 12 Months |
|
|
|
Shareholder Return
SMLP Price
Summit Midstream Partners LP
| Average Annual Return | -18.93% |
| Standard Deviation of Annual Returns | 72.91% |
| Max Drawdown | -93% |
| Market Capitalization | 290.7m USD |
| Shares Outstanding | 10 376 000 |
| Percentage of Shares Shorted | 0.65% |
Company Profile
Summit Midstream Partners LP
Country
Industry
Market Cap
Dividend Yield
Description
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.
Contact
IPO
Employees
Officers
The intrinsic value of one
SMLP
stock under the Base Case scenario is
74.48
USD.
Compared to the current market price of 28.02 USD,
Summit Midstream Partners LP
is
Undervalued by 62%.
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