ENBL's current price/earnings ratio is 5.56, which is higher than merely 6.76% of US stocks with positive earnings.
Of note is the ratio of Enable Midstream Partners LP's sales and general administrative expense to its total operating expenses; merely 7.55% of US stocks have a lower such ratio.
Enable Midstream Partners LP's shareholder yield -- a measure of how much capital is returned to stockholders via dividends and buybacks -- is 32.61%, greater than the shareholder yield of 91.98% of stocks in our set.
If you're looking for stocks that are quantitatively similar to Enable Midstream Partners LP, a group of peers worth examining would be KRG, IRET, AMH, SBRA, and VNOM.
Enable Midstream Partners, LP Common Units representing limited partner interests (ENBL) Company Bio
Enable Midstream Partners LP owns, operates, and develops natural gas and crude oil infrastructure assets in the United States. It operates through two segments, Gathering and Processing, and Transportation and Storage. The company was founded in 2013 and is based in Oklahoma City, Oklahoma.
ENBL Price Forecast Based on DCF Valuation
DCF Fair Value Target:
Below please find a table outlining a discounted cash flow forecast for ENBL, in which we model out valuation assuming a variety of terminal growth rates. To summarize, we found that Enable Midstream Partners LP ranked in the 93th percentile in terms of potential gain offered. Moreover, under all the scenarios we modelled, the output consistently forecasted positive returns. In terms of the factors that were most noteworthy in this DCF analysis for ENBL, they are:
33% of the company's capital comes from equity, which is greater than only 15.73% of stocks in our cash flow based forecasting set.
Enable Midstream Partners LP's weighted average cost of capital (WACC) is 6%; for context, that number is higher than only 3.82% of tickers in our DCF set.
As a business, Enable Midstream Partners LP experienced a tax rate of about 0% over the past twelve months; relative to its sector (Energy), this tax rate is higher than merely 0% of stocks generating free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
NEX, PAGP, BPMP, WMB, and PDS can be thought of as valuation peers to ENBL, in the sense that they are in the Energy sector and have a similar price forecast based on DCF valuation.
Enable Midstream Partners, LP (NYSE: ENBL) will release second quarter 2020 financial results before market hours Wednesday, Aug. 5, and will host a conference call at 10 a.m. EDT (9 a.m. CDT) that day to discuss the results.
On Wednesday, June 17, 2020, diversified midstream partnership Enable Midstream Partners, LP (ENBL) gave a presentation at the J.P. Morgan 2020 Energy, Power, & Renewables Conference. As is usually the case with presentations like this, the company devoted a great deal of time towards discussing its current operations and making...
Introduction Although there will be large and wide-ranging economic and social consequences from the coronavirus pandemic, one of the most significant in the short-term for income investors has been separating those yields built upon sand versus bedrock. Unfortunately for the unitholders of Enable Midstream Partners (ENBL), they seem to fall...
In this article we will check out the progression of hedge fund sentiment towards Enable Midstream Partners LP (NYSE:ENBL) and determine whether it is a good investment right now. We at Insider Monkey like to examine what billionaires and hedge funds think of a company before spending days of research on it. Given their 2 […]