ALA Relative Valuation - AltaGas Ltd

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Price: 48.25 CAD 0.71% Market Closed

Market Cap: CA$15B

	AltaGas Ltd TSX:ALA	CA

Multiples-Based Value

The Multiples-Based Value of one ALA stock under the Base Case scenario is 69.06 CAD. Compared to the current market price of 48.25 CAD, AltaGas Ltd is Undervalued by 30%.

Multiples-Based 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.

What is Relative Valuation?

How is Multiples-Based Value calculated?

ALA Multiples-Based Value

Base Case

Undervaluation 30%

Multiples-Based Value

Price

Worst Case

Base Case

Best Case

Valuation Multiples

View Details

Multiples Across Competitors

All Multiples

P/S

P/E

EV/EBITDA

EV/EBIT

Forward Multiples

			Market Cap	P/S	P/E	EV/EBITDA	EV/EBIT
CA		AltaGas Ltd TSX:ALA	14.9B CAD	1.2	20.1	13.4	18.8
US		Atmos Energy Corp NYSE:ATO	30.3B USD	6.2	24.3	16.7	24.5
ES		Naturgy Energy Group SA MAD:NTGY	23.5B EUR	1.2	11.6	6.3	9.2
IT		Snam SpA MIL:SRG	21.3B EUR	5.5	16.7	12.6	20.1
HK		Hong Kong and China Gas Co Ltd HKEX:3	132.5B HKD	2.4	23.2	20.7	20.7
JP	T	Tokyo Gas Co Ltd TSE:9531	2.6T JPY	0.9	12.7	7.5	17.6
JP		Osaka Gas Co Ltd TSE:9532	2.5T JPY	1.2	13.4	9.7	16.1
IT		Italgas SpA MIL:IG	10.1B EUR	4.3	14.8	11.4	16.7
IN		GAIL (India) Ltd NSE:GAIL	915.3B INR	0.6	10.5	7.7	10.9
CN		ENN Natural Gas Co Ltd SSE:600803	68.6B CNY	0.5	15.5	6.7	6.7
CN		ENN Energy Holdings Ltd HKEX:2688	73.1B HKD	0.6	11	8.6	8.6

				Revenue Growth	P/S to Growth
CA		AltaGas Ltd TSX:ALA	Average P/S: 2.2 1.2	N/A	N/A
US		Atmos Energy Corp NYSE:ATO	6.2	12%	0.5
ES		Naturgy Energy Group SA MAD:NTGY	1.2	-1%	N/A
IT		Snam SpA MIL:SRG	5.5	4%	1.4
HK		Hong Kong and China Gas Co Ltd HKEX:3	2.4	N/A	N/A
JP	T	Tokyo Gas Co Ltd TSE:9531	0.9	3%	0.3
JP		Osaka Gas Co Ltd TSE:9532	1.2	0%	N/A
IT		Italgas SpA MIL:IG	4.3	11%	0.4
IN		GAIL (India) Ltd NSE:GAIL	0.6	4%	0.2
CN		ENN Natural Gas Co Ltd SSE:600803	0.5	5%	0.1
CN		ENN Energy Holdings Ltd HKEX:2688	0.6	4%	0.1

				Earnings Growth	PEG
CA		AltaGas Ltd TSX:ALA	Average P/E: 15.8 20.1	1%	20.1
US		Atmos Energy Corp NYSE:ATO	24.3	10%	2.4
ES		Naturgy Energy Group SA MAD:NTGY	11.6	-2%	N/A
IT		Snam SpA MIL:SRG	16.7	6%	2.8
HK		Hong Kong and China Gas Co Ltd HKEX:3	23.2	N/A	N/A
JP	T	Tokyo Gas Co Ltd TSE:9531	12.7	27%	0.5
JP		Osaka Gas Co Ltd TSE:9532	13.4	5%	2.7
IT		Italgas SpA MIL:IG	14.8	11%	1.3
IN		GAIL (India) Ltd NSE:GAIL	10.5	-5%	N/A
CN		ENN Natural Gas Co Ltd SSE:600803	15.5	11%	1.4
CN		ENN Energy Holdings Ltd HKEX:2688	11	10%	1.1

				EBITDA Growth	EV/EBITDA to Growth
CA		AltaGas Ltd TSX:ALA	Average EV/EBITDA: 11 13.4	7%	1.9
US		Atmos Energy Corp NYSE:ATO	16.7	12%	1.4
ES		Naturgy Energy Group SA MAD:NTGY	6.3	1%	6.3
IT		Snam SpA MIL:SRG	12.6	6%	2.1
HK		Hong Kong and China Gas Co Ltd HKEX:3	20.7	N/A	N/A
JP	T	Tokyo Gas Co Ltd TSE:9531	7.5	5%	1.5
JP		Osaka Gas Co Ltd TSE:9532	9.7	3%	3.2
IT		Italgas SpA MIL:IG	11.4	12%	0.9
IN		GAIL (India) Ltd NSE:GAIL	7.7	3%	2.6
CN		ENN Natural Gas Co Ltd SSE:600803	6.7	19%	0.4
CN		ENN Energy Holdings Ltd HKEX:2688	8.6	7%	1.2

				EBIT Growth	EV/EBIT to Growth
CA		AltaGas Ltd TSX:ALA	Average EV/EBIT: 15.4 18.8	10%	1.9
US		Atmos Energy Corp NYSE:ATO	24.5	15%	1.6
ES		Naturgy Energy Group SA MAD:NTGY	9.2	0%	N/A
IT		Snam SpA MIL:SRG	20.1	7%	2.9
HK		Hong Kong and China Gas Co Ltd HKEX:3	20.7	N/A	N/A
JP	T	Tokyo Gas Co Ltd TSE:9531	17.6	N/A	N/A
JP		Osaka Gas Co Ltd TSE:9532	16.1	N/A	N/A
IT		Italgas SpA MIL:IG	16.7	11%	1.5
IN		GAIL (India) Ltd NSE:GAIL	10.9	1%	10.9
CN		ENN Natural Gas Co Ltd SSE:600803	6.7	8%	0.8
CN		ENN Energy Holdings Ltd HKEX:2688	8.6	8%	1.1

AltaGas Ltd
TSX:ALA

Multiples-Based Value

Valuation Multiples

Multiples Across Competitors

ALA Competitors Multiples
AltaGas Ltd Competitors

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Stocks

AltaGas Ltd TSX:ALA

Multiples-Based Value

Valuation Multiples

Multiples Across Competitors

ALA Competitors Multiples AltaGas Ltd Competitors

See Also

Company

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Stocks

AltaGas Ltd
TSX:ALA

ALA Competitors Multiples
AltaGas Ltd Competitors