Tidewater Midstream and Infrastructure Ltd
TSX:TWM

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Tidewater Midstream and Infrastructure Ltd
TSX:TWM
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Price: 13.62 CAD 8.18% Market Closed
Market Cap: CA$295.4m

EV/GP

16.3
Current
33%
Cheaper
vs 3-y average of 24.3

Enterprise Value to Gross Profit (EV/GP) ratio compares a company`s total enterprise value to its gross profit. It shows how much investors are paying for each dollar of the company`s gross profit, including both equity and debt.

EV/GP
16.3
=
Enterprise Value
CA$597.5m
/
Gross Profit
CA$42.7m

Enterprise Value to Gross Profit (EV/GP) ratio compares a company`s total enterprise value to its gross profit. It shows how much investors are paying for each dollar of the company`s gross profit, including both equity and debt.

EV/GP
16.3
=
Enterprise Value
CA$597.5m
/
Gross Profit
CA$42.7m

Valuation Scenarios

Tidewater Midstream and Infrastructure Ltd is trading below its 3-year average

If EV/GP returns to its 3-Year Average (24.3), the stock would be worth CA$20.28 (49% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-70%
Maximum Upside
+158%
Average Upside
19%
Scenario EV/GP Value Implied Price Upside/Downside
Current Multiple 16.3 CA$13.62
0%
3-Year Average 24.3 CA$20.28
+49%
5-Year Average 42.1 CA$35.17
+158%
Industry Average 4.8 CA$4.05
-70%
Country Average 6.6 CA$5.55
-59%

Forward EV/GP
Today’s price vs future gross profit

Not enough data available to calculate forward EV/GP

Peer Comparison

All Multiples
EV/GP
P/E
All Countries
Close
Market Cap EV/GP P/E
CA
Tidewater Midstream and Infrastructure Ltd
TSX:TWM
295.6m CAD 16.3 -2.6
CA
Enbridge Inc
TSX:ENB
159.3B CAD 9.7 22.9
US
Williams Companies Inc
NYSE:WMB
93.3B USD 12.4 35.6
US
Enterprise Products Partners LP
NYSE:EPD
83.7B USD 10.1 14.5
US
Kinder Morgan Inc
NYSE:KMI
73.1B USD 11.9 22.2
US
Energy Transfer LP
NYSE:ET
69.5B USD 6.2 16.6
CA
TC Energy Corp
TSX:TRP
91.1B CAD 14.3 27.9
US
Cheniere Energy Inc
NYSE:LNG
57.8B USD 6.9 10.8
US
MPLX LP
NYSE:MPLX
57.3B USD 10.1 11.7
US
ONEOK Inc
NYSE:OKE
58.2B USD 8.7 17.2
US
Targa Resources Corp
NYSE:TRGP
55.8B USD 11.1 30.3

Market Distribution

Higher than 81% of companies in Canada
Percentile
81th
Based on 1 947 companies
81th percentile
16.3
Low
0.1 — 3.8
Typical Range
3.8 — 10.6
High
10.6 —
Distribution Statistics
Canada
Min 0.1
30th Percentile 3.8
Median 6.6
70th Percentile 10.6
Max 259 067.6

Tidewater Midstream and Infrastructure Ltd
Glance View

Market Cap
295.4m CAD
Industry
Energy

Tidewater Midstream & Infrastructure Ltd. engages in the acquisition and development of oil and gas infrastructure, including gas plants, pipelines, NGLs by rail, export terminals and storage facilities. The company is headquartered in Calgary, Alberta and currently employs 419 full-time employees. The company went IPO on 2015-04-15. The firm is engaged in providing customers with a full service, vertically integrated value chain through the acquisition and development of oil and gas infrastructure, including gas plants, pipelines, railcars, export terminals, storage, downstream facilities and various renewable initiatives. Its operations are located in the Deep Basin, Edmonton, and Montney regions of Alberta and British Columbia. Its wholly owned subsidiary, Tidewater Renewables Ltd. (Tidewater Renewables) is a multi-faceted, energy transition company focusing on the production of low carbon fuels.

TWM Intrinsic Value
91.55 CAD
Undervaluation 85%
Intrinsic Value
Price CA$13.62
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