Tidewater Midstream and Infrastructure Ltd
TSX:TWM

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Tidewater Midstream and Infrastructure Ltd
TSX:TWM
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Price: 0.21 CAD -2.33%
Market Cap: 90.7m CAD

Relative Value

The Relative Value of one TWM stock under the Base Case scenario is 2.89 CAD. Compared to the current market price of 0.21 CAD, Tidewater Midstream and Infrastructure Ltd is Undervalued by 93%.

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.

TWM Relative Value
Base Case
2.89 CAD
Undervaluation 93%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
88
vs Industry
91
Median 3Y
0.1
Median 5Y
0.2
Industry
1.3
Forward
0.1
vs History
vs Industry
Median 3Y
-1
Median 5Y
-0.8
Industry
11
Forward
-1.8
vs History
1
vs Industry
37
Median 3Y
2.1
Median 5Y
2
Industry
4.9
vs History
vs Industry
30
Median 3Y
-1.5
Median 5Y
-1.3
Industry
10.7
vs History
88
vs Industry
72
Median 3Y
0.6
Median 5Y
0.6
Industry
1.2
vs History
57
vs Industry
76
Median 3Y
0.4
Median 5Y
0.5
Industry
2
Forward
0.4
vs History
41
vs Industry
51
Median 3Y
5.4
Median 5Y
6.1
Industry
4.8
vs History
9
vs Industry
35
Median 3Y
6.8
Median 5Y
8
Industry
6.3
Forward
7.6
vs History
vs Industry
17
Median 3Y
13.5
Median 5Y
19.2
Industry
9.1
vs History
1
vs Industry
26
Median 3Y
5.7
Median 5Y
6
Industry
6.5
vs History
vs Industry
23
Median 3Y
-8.1
Median 5Y
-7.8
Industry
10.9
vs History
50
vs Industry
56
Median 3Y
0.6
Median 5Y
0.7
Industry
1

Multiples Across Competitors

TWM Competitors Multiples
Tidewater Midstream and Infrastructure Ltd Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
CA
Tidewater Midstream and Infrastructure Ltd
TSX:TWM
90.7m CAD 0.1 -1.5 9.7 -57.7
CA
Enbridge Inc
TSX:ENB
145.3B CAD 2.3 23.4 14.6 21.8
US
Williams Companies Inc
NYSE:WMB
69.7B USD 6.2 28.7 15.8 25.7
US
Enterprise Products Partners LP
NYSE:EPD
68.3B USD 1.2 11.8 10.5 14.2
US
Energy Transfer LP
NYSE:ET
59.5B USD 0.7 13.3 8.2 12.9
US
Kinder Morgan Inc
NYSE:KMI
58.9B USD 3.7 21.7 13.4 20.5
CA
TC Energy Corp
TSX:TRP
74.9B CAD 5.8 17.6 15.3 22.4
US
Cheniere Energy Inc
NYSE:LNG
52.4B USD 2.9 13.6 8.9 10.6
US
MPLX LP
NYSE:MPLX
51.2B USD 4.2 11.9 10.6 13.2
US
ONEOK Inc
NYSE:OKE
46.5B USD 1.7 15 11.3 14.1
US
Targa Resources Corp
NYSE:TRGP
34.9B USD 2 23 11.4 16.9
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CA
Tidewater Midstream and Infrastructure Ltd
TSX:TWM
Average EV/EBIT: 17.2
Negative Multiple: -57.7
27%
N/A
CA
Enbridge Inc
TSX:ENB
21.8
11%
2
US
Williams Companies Inc
NYSE:WMB
25.7
21%
1.2
US
Enterprise Products Partners LP
NYSE:EPD
14.2
6%
2.4
US
Energy Transfer LP
NYSE:ET
12.9
10%
1.3
US
Kinder Morgan Inc
NYSE:KMI
20.5
10%
2.1
CA
TC Energy Corp
TSX:TRP
22.4
15%
1.5
US
Cheniere Energy Inc
NYSE:LNG
10.6
-1%
N/A
US
MPLX LP
NYSE:MPLX
13.2
6%
2.2
US
ONEOK Inc
NYSE:OKE
14.1
12%
1.2
US
Targa Resources Corp
NYSE:TRGP
16.9
9%
1.9