Targa Resources Corp
NYSE:TRGP

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Targa Resources Corp
NYSE:TRGP
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Price: 186.77 USD 1.23% Market Closed
Market Cap: 40.1B USD
Section:
 

Relative Value

The Relative Value of one TRGP stock under the Base Case scenario is 239.12 USD. Compared to the current market price of 186.77 USD, Targa Resources Corp is Undervalued by 22%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

TRGP Relative Value
Base Case
239.12 USD
Undervaluation 22%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

2.3
P/S
P/S
Price to Sales
2.3
vs History
7
vs Industry
29
Median 3Y
1.8
Median 5Y
0.9
Industry
1.4
Forward
2.2
More Details
24.8
P/E
P/E
Price to Earnings
24.8
vs History
44
vs Industry
6
Median 3Y
23.5
Median 5Y
23.7
Industry
12.2
Forward
21.8
More Details
10.7
P/OCF
P/OCF
Price to OCF
10.7
vs History
9
vs Industry
11
Median 3Y
8.9
Median 5Y
6.7
Industry
5.2
More Details
12.9
P/FCFE
P/FCFE
Price to FCFE
12.9
vs History
49
vs Industry
7
Median 3Y
12.2
Median 5Y
12.8
Industry
11.1
More Details
14.8
P/B
P/B
Price to Book Value
14.8
vs History
7
vs Industry
1
Median 3Y
11.5
Median 5Y
6.9
Industry
1.3
More Details
3.3
EV/S
EV/S
Enterprise Value to Sales
3.3
vs History
6
vs Industry
29
Median 3Y
2.5
Median 5Y
1.7
Industry
2.2
Forward
3.1
More Details
9.1
EV/GP
EV/GP
Enterprise Value to Gross Profit
9.1
vs History
7
vs Industry
20
Median 3Y
7.9
Median 5Y
6.3
Industry
5.3
More Details
12.3
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
12.3
vs History
12
vs Industry
12
Median 3Y
10.8
Median 5Y
9.3
Industry
6.7
Forward
11.8
More Details
18.2
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
18.2
vs History
17
vs Industry
10
Median 3Y
16.9
Median 5Y
15.2
Industry
10.1
Forward
17
More Details
15.2
EV/OCF
EV/OCF
Enterprise Value to OCF
15.2
vs History
7
vs Industry
12
Median 3Y
13.2
Median 5Y
10.7
Industry
7
More Details
88.3
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
88.3
vs History
20
vs Industry
5
Median 3Y
79.3
Median 5Y
34.5
Industry
11.6
More Details
2.5
EV/IC
EV/IC
Enterprise Value to IC
2.5
vs History
7
vs Industry
13
Median 3Y
2.1
Median 5Y
1.6
Industry
1
More Details

Multiples Across Competitors

TRGP Competitors Multiples
Targa Resources Corp Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
US
Targa Resources Corp
NYSE:TRGP
40.1B USD 2.3 24.8 12.3 18.2
CA
Enbridge Inc
TSX:ENB
144.1B CAD 2.2 25.7 14.9 22.5
US
Williams Companies Inc
NYSE:WMB
74.4B USD 6.5 31.4 16 25.4
US
Enterprise Products Partners LP
NYSE:EPD
69.6B USD 1.3 12.1 10.7 14.7
US
Kinder Morgan Inc
NYSE:KMI
61.6B USD 3.8 22.7 13.5 20.8
CA
TC Energy Corp
TSX:TRP
80B CAD 6.4 23.6 16.1 23.6
US
Energy Transfer LP
NYSE:ET
57B USD 0.7 13.2 7.9 12.6
US
MPLX LP
NYSE:MPLX
54.8B USD 4.3 11.4 10.8 13.3
US
ONEOK Inc
NYSE:OKE
46.8B USD 1.5 14 10.5 13.1
US
Cheniere Energy Inc
NYSE:LNG
43B USD 2.3 10.7 7.7 9.1
US
Cheniere Energy Partners LP
NYSE:CQP
26.1B USD 2.5 14.1 10.8 13.2
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
US
Targa Resources Corp
NYSE:TRGP
Average EV/EBITDA: 11.9
12.3
14%
0.9
CA
Enbridge Inc
TSX:ENB
14.9
14%
1.1
US
Williams Companies Inc
NYSE:WMB
16
19%
0.8
US
Enterprise Products Partners LP
NYSE:EPD
10.7
5%
2.1
US
Kinder Morgan Inc
NYSE:KMI
13.5
11%
1.2
CA
TC Energy Corp
TSX:TRP
16.1
13%
1.2
US
Energy Transfer LP
NYSE:ET
7.9
9%
0.9
US
MPLX LP
NYSE:MPLX
10.8
8%
1.4
US
ONEOK Inc
NYSE:OKE
10.5
13%
0.8
US
Cheniere Energy Inc
NYSE:LNG
7.7
0%
N/A
US
Cheniere Energy Partners LP
NYSE:CQP
10.8
-2%
N/A
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
US
Targa Resources Corp
NYSE:TRGP
Average EV/EBIT: 17
18.2
15%
1.2
CA
Enbridge Inc
TSX:ENB
22.5
15%
1.5
US
Williams Companies Inc
NYSE:WMB
25.4
23%
1.1
US
Enterprise Products Partners LP
NYSE:EPD
14.7
5%
2.9
US
Kinder Morgan Inc
NYSE:KMI
20.8
11%
1.9
CA
TC Energy Corp
TSX:TRP
23.6
16%
1.5
US
Energy Transfer LP
NYSE:ET
12.6
7%
1.8
US
MPLX LP
NYSE:MPLX
13.3
7%
1.9
US
ONEOK Inc
NYSE:OKE
13.1
10%
1.3
US
Cheniere Energy Inc
NYSE:LNG
9.1
-1%
N/A
US
Cheniere Energy Partners LP
NYSE:CQP
13.2
-2%
N/A

See Also

Summary
TRGP intrinsic value, competitors valuation, and company profile.
DCF Valuation
TRGP stock valuation using Discount Cash Flow valuation method.
Relative Valuation
TRGP stock valuation using valuation multiples.
Wall Street Estimates
TRGP price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
TRGP stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
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