TWM Relative Valuation - Tidewater Midstream and Infrastructure Ltd

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Price: 9.1 CAD 4.96% Market Closed

Market Cap: CA$197.4m

	Tidewater Midstream and Infrastructure Ltd TSX:TWM	CA
	Global Industrial Co NYSE:GIC	US

Multiples-Based Value

The Multiples-Based Value of one TWM stock under the Base Case scenario is 62.74 CAD. Compared to the current market price of 9.1 CAD, Tidewater Midstream and Infrastructure Ltd is Undervalued by 85%.

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?

TWM Multiples-Based Value

Base Case

Undervaluation 85%

Multiples-Based Value

Price CA$9.1

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	Tidewater Midstream and Infrastructure Ltd TSX:TWM	197.5m CAD	0.1	-1.8	40.7	-12.2
CA	Enbridge Inc TSX:ENB	164.5B CAD	2.5	23.3	15.5	23.3
US	Williams Companies Inc NYSE:WMB	88B USD	7.4	33.6	17.2	26.3
US	Enterprise Products Partners LP NYSE:EPD	81.2B USD	1.5	14.1	11.9	16.3
US	Kinder Morgan Inc NYSE:KMI	73.4B USD	4.3	24.1	14.5	22
CA	TC Energy Corp TSX:TRP	91.8B CAD	6	27	15.6	22
US	Energy Transfer LP NYSE:ET	65.1B USD	0.8	15.6	8.8	14.2
US	Cheniere Energy Inc NYSE:LNG	59.1B USD	3	11.4	7.8	8.9
US	MPLX LP NYSE:MPLX	57B USD	4.4	11.6	10.8	13.3
US	ONEOK Inc NYSE:OKE	55.6B USD	1.7	16.4	11.9	15
US	Targa Resources Corp NYSE:TRGP	52.5B USD	3.1	28.5	14.2	20.7

			Revenue Growth	P/S to Growth
CA	Tidewater Midstream and Infrastructure Ltd TSX:TWM	Average P/S: 3.2 0.1	14%	0
CA	Enbridge Inc TSX:ENB	2.5	1%	2.5
US	Williams Companies Inc NYSE:WMB	7.4	9%	0.8
US	Enterprise Products Partners LP NYSE:EPD	1.5	5%	0.3
US	Kinder Morgan Inc NYSE:KMI	4.3	5%	0.9
CA	TC Energy Corp TSX:TRP	6	5%	1.2
US	Energy Transfer LP NYSE:ET	0.8	10%	0.1
US	Cheniere Energy Inc NYSE:LNG	3	6%	0.5
US	MPLX LP NYSE:MPLX	4.4	4%	1.1
US	ONEOK Inc NYSE:OKE	1.7	1%	1.7
US	Targa Resources Corp NYSE:TRGP	3.1	12%	0.3

			Earnings Growth	PEG
CA	Tidewater Midstream and Infrastructure Ltd TSX:TWM	Average P/E: 20.6 Negative Multiple: -1.8	N/A	N/A
CA	Enbridge Inc TSX:ENB	23.3	4%	5.8
US	Williams Companies Inc NYSE:WMB	33.6	15%	2.2
US	Enterprise Products Partners LP NYSE:EPD	14.1	8%	1.8
US	Kinder Morgan Inc NYSE:KMI	24.1	5%	4.8
CA	TC Energy Corp TSX:TRP	27	10%	2.7
US	Energy Transfer LP NYSE:ET	15.6	14%	1.1
US	Cheniere Energy Inc NYSE:LNG	11.4	-15%	N/A
US	MPLX LP NYSE:MPLX	11.6	4%	2.9
US	ONEOK Inc NYSE:OKE	16.4	8%	2
US	Targa Resources Corp NYSE:TRGP	28.5	15%	1.9

			EBITDA Growth	EV/EBITDA to Growth
CA	Tidewater Midstream and Infrastructure Ltd TSX:TWM	Average EV/EBITDA: 15.4 40.7	N/A	N/A
CA	Enbridge Inc TSX:ENB	15.5	11%	1.4
US	Williams Companies Inc NYSE:WMB	17.2	16%	1.1
US	Enterprise Products Partners LP NYSE:EPD	11.9	7%	1.7
US	Kinder Morgan Inc NYSE:KMI	14.5	10%	1.4
CA	TC Energy Corp TSX:TRP	15.6	11%	1.4
US	Energy Transfer LP NYSE:ET	8.8	9%	1
US	Cheniere Energy Inc NYSE:LNG	7.8	-11%	N/A
US	MPLX LP NYSE:MPLX	10.8	6%	1.8
US	ONEOK Inc NYSE:OKE	11.9	7%	1.7
US	Targa Resources Corp NYSE:TRGP	14.2	12%	1.2

			EBIT Growth	EV/EBIT to Growth
CA	Tidewater Midstream and Infrastructure Ltd TSX:TWM	Average EV/EBIT: 18.2 Negative Multiple: -12.2	N/A	N/A
CA	Enbridge Inc TSX:ENB	23.3	8%	2.9
US	Williams Companies Inc NYSE:WMB	26.3	14%	1.9
US	Enterprise Products Partners LP NYSE:EPD	16.3	9%	1.8
US	Kinder Morgan Inc NYSE:KMI	22	8%	2.7
CA	TC Energy Corp TSX:TRP	22	12%	1.8
US	Energy Transfer LP NYSE:ET	14.2	10%	1.4
US	Cheniere Energy Inc NYSE:LNG	8.9	-12%	N/A
US	MPLX LP NYSE:MPLX	13.3	4%	3.3
US	ONEOK Inc NYSE:OKE	15	6%	2.5
US	Targa Resources Corp NYSE:TRGP	20.7	11%	1.9

Tidewater Midstream and Infrastructure Ltd
TSX:TWM

Multiples-Based Value

Valuation Multiples

Multiples Across Competitors

TWM Competitors Multiples
Tidewater Midstream and Infrastructure Ltd Competitors

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Tidewater Midstream and Infrastructure Ltd TSX:TWM

Multiples-Based Value

Valuation Multiples

Multiples Across Competitors

TWM Competitors Multiples Tidewater Midstream and Infrastructure Ltd Competitors

See Also

Company

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Tools

Stocks

Tidewater Midstream and Infrastructure Ltd
TSX:TWM

TWM Competitors Multiples
Tidewater Midstream and Infrastructure Ltd Competitors