Calumet Specialty Products Partners, L.P. - Common units representing limited partner interests (CLMT) Company Bio
Calumet Specialty Products Partners LP produces and sells specialty hydrocarbon products in North America. It operates in three segments: Specialty Products, Fuel Products, and Oilfield Services. The company was founded in 1916 and is based in Indianapolis, Indiana.
CLMT Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for Calumet Specialty Products Partners LP with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Calumet Specialty Products Partners LP ranked in the 43th percentile in terms of potential gain offered. We should note, though, that all scenearios modelled for this stock suggest it is overvalued. In terms of the factors that were most noteworthy in this DCF analysis for CLMT, they are:
The company's compound free cash flow growth rate over the past 4.75 years comes in at -0.06%; that's greater than just 20.94% of US stocks we're applying DCF forecasting to.
11% of the company's capital comes from equity, which is greater than merely 3.53% of stocks in our cash flow based forecasting set.
The weighted average cost of capital for the company is 17. This value is greater than 90.59% stocks in the Energy sector that generate free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
CLR, XEC, CKH, EQNR, and DLNG can be thought of as valuation peers to CLMT, in the sense that they are in the Energy sector and have a similar price forecast based on DCF valuation.
Calumet Specialty Products ([[CLMT]] +6%) shoots higher after saying it expects Q2 cash flow from operating activities will exceed $60M.Calumet says it had $245M of liquidity at the end of the quarter, including $105M of cash equivalents and $140M of undrawn capacity on its revolving credit facility."Despite the economic disruption...
Calumet Specialty Products Partners, L.P. ("Calumet" or the "Company") (NASDAQ: CLMT) and Calumet Finance Corp. ("Finance Corp." and, together with the Company, the "Issuers") today announced that, with the support of the holders of a majority of their 7.625% Senior Notes due 2022 (the "2022 Notes") and 2025 Notes (as defined below), they have commenced a private exchange offer (the "Exchange Offer") to each Eligible Holder (as defined below) of their 2022 Notes to exchange up to $200 million aggregate principal amount of 2022 Notes for up to $200 million aggregate principal amount (the "Maximum Exchange Amount") of newly issued 9.25% Senior Secured First Lien Notes due 2024 (the "New Notes"), upon the terms...
Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) (the "Partnership," "Calumet," the "we," "our" or "us"), a leading independent producer of specialty hydrocarbon and fuels products, today provides updated information related to the Partnership's current liquidity position and select unaudited second quarter operating results, in an effort to provide increased transparency through the ongoing COVID-19 pandemic.