Western Midstream Partners LP
NYSE:WES
Intrinsic Value
Western Midstream Partners LP owns, operates, acquires and develops midstream energy assets. [ Read More ]
The intrinsic value of one
WES
stock under the Base Case scenario is
38.25
USD.
Compared to the current market price of 35.94 USD,
Western Midstream Partners LP
is
Undervalued by 6%.
WES could be a value trap.A value trap occurs when a stock looks inexpensive based on fundamental analysis but fails to reach its intrinsic valuation over time, often due to underlying issues not reflected in quantitative data.
Scrutinize beyond numbers; assess long-term potential.
Western Midstream Partners LP's market capitalization is 13.6B USD.
WES stock price is 35.94 USD.
WES stock price (35.94 USD) is 6% less than its Intrinsic Value (38.25 USD).
WES stock price (35.94 USD) is 20% less than its Relative Value (44.79 USD). Open Relative Valuation
WES has downside potential of 4% compared to the average analyst price target.
Open Wall St Estimates
WES's ROE (Return on Equity) has decreased in the last 3 years from 35% to 34%.
WES's ROIC (Return on Invested Capital) has increased in the last 3 years from 11% to 11%.
WES's ROIC (Return on Invested Capital) for the past 12 months is positive and is equal to 11%.
WES has positive three-year average ROIC (Return on Invested Capital): 11%. The company is efficient at using invested capital to generate operating income.
WES's Revenue has dropped by 4% over the past 12 months.
WES's Revenue has been growing by 4% per year for the last 3 years.
WES's Revenue is forecast to grow at a rate of 8% per year over the next 3 years.
WES's long-term assets (12B USD) exceed its long-term liabilties (10B USD).
WES's ROE (Return on Equity) for the past 12 months is very high and is equal to 34%.
WES's short-term liabilties (1B USD) exceed its short-term assets (992m USD).
WES has positive Net Income for the last twelve months.
WES has positive Operating Income for the last twelve months.
WES has positive Gross Profit for the last twelve months.
WES's D/E (Debt to Equity) is very high and is equal to 2.72.
WES has very high three-year average ROE (Return on Equity): 34%. The company is very efficient at transforming stockholders' equity into net income.
WES's Altman Z-Score is very low and is equal to 1.29.
WES has positive Free Cash Flow for the last twelve months.
WES has positive Net Debt. This means that the company has more debt (8B USD) than cash and short-term investments (273m USD).
WES generates enough operating income (1B USD) to cover interest payments on its debt (327m USD).
Valuation Backtest
Western Midstream Partners LP
Run backtest to discover the historical profit from buying and selling
WES
stocks based on their intrinsic value.
Analyze the historical link between intrinsic value and market price to make more informed investment decisions.
Fundamental Analysis
Western Midstream Partners LP
Balance Sheet Decomposition
Western Midstream Partners LP
| Current Assets | 992.4m |
| Cash & Short-Term Investments | 272.8m |
| Receivables | 681.3m |
| Other Current Assets | 38.3m |
| Non-Current Assets | 11.5B |
| Long-Term Investments | 904.5m |
| PP&E | 9.7B |
| Intangibles | 686.2m |
| Other Non-Current Assets | 149.2m |
| Current Liabilities | 1.3B |
| Accounts Payable | 362.5m |
| Accrued Liabilities | 304.1m |
| Short-Term Debt | 610.3m |
| Other Current Liabilities | 27.2m |
| Non-Current Liabilities | 8.3B |
| Long-Term Debt | 7.3B |
| Other Non-Current Liabilities | 986.6m |
Earnings Waterfall
Western Midstream Partners LP
|
Revenue
|
3.1B
USD
|
|
Cost of Revenue
|
-164.6m
USD
|
|
Gross Profit
|
2.9B
USD
|
|
Operating Expenses
|
-1.7B
USD
|
|
Operating Income
|
1.3B
USD
|
|
Other Expenses
|
-291.1m
USD
|
|
Net Income
|
998.5m
USD
|
Free Cash Flow Analysis
Western Midstream Partners LP
WES Profitability Score
Profitability Due Diligence
Western Midstream Partners LP's profitability score is 71/100. The higher the profitability score, the more profitable the company is.
Score
Western Midstream Partners LP's profitability score is 71/100. The higher the profitability score, the more profitable the company is.
WES Solvency Score
Solvency Due Diligence
Western Midstream Partners LP's solvency score is 26/100. The higher the solvency score, the more solvent the company is.
Score
Western Midstream Partners LP's solvency score is 26/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
WES Price Targets Summary
Western Midstream Partners LP
According to Wall Street analysts, the average 1-year price target for
WES
is 34.6 USD
with a low forecast of 31.31 USD and a high forecast of 38.85 USD.
Ownership
WES Insider Trading
Buy and sell transactions by insiders
| Period | Sold | Bought | Net |
|---|---|---|---|
| 3 Months |
|
|
|
| 6 Months |
|
|
|
| 9 Months |
|
|
|
| 12 Months |
|
|
|
Shareholder Return
WES Price
Western Midstream Partners LP
| Average Annual Return | 9.57% |
| Standard Deviation of Annual Returns | 46.76% |
| Max Drawdown | -90% |
| Market Capitalization | 13.6B USD |
| Shares Outstanding | 380 484 000 |
| Percentage of Shares Shorted | 3.09% |
Company Profile
Western Midstream Partners LP
Country
Industry
Market Cap
Dividend Yield
Description
Western Midstream Partners LP owns, operates, acquires and develops midstream energy assets. The company is headquartered in The Woodlands, Texas and currently employs 1,127 full-time employees. The company went IPO on 2012-12-07. The firm is engaged in the business of gathering, compressing, treating, processing, and transporting natural gas; gathering, stabilizing, and transporting condensate, natural gas liquids (NGLs), and crude oil; and gathering and disposing of produced water. The Company’s midstream assets are located in the Rocky Mountains, North-central Pennsylvania, Texas, and New Mexico. In addition, in its capacity as a processor of natural gas, the Company also buys and sells natural gas, NGLs, and condensate on behalf of itself and as an agent for its customers under certain of its contracts. Its DBM oil system features three central production facilities and two Regional Oil Treating Facilities (ROTFs). The firm operates approximately two gas processing plant and has over 1.3 billion cubic feet (BCF). The company also operates more than 35 water disposal wells and approximately 1.2 million barrels of water capacity.
Contact
IPO
Employees
Officers
The intrinsic value of one
WES
stock under the Base Case scenario is
38.25
USD.
Compared to the current market price of 35.94 USD,
Western Midstream Partners LP
is
Undervalued by 6%.
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