EnLink Midstream, LLC Common Units representing Limited Partner Interests (ENLC) Company Bio
EnLink Midstream LLC. engages in the gathering, transmission, processing, and marketing of natural gas and natural gas liquids (NGLs), condensate, and crude oil in the United States. The company was founded in 2013 and is based in Dallas, Texas.
ENLC Price Forecast Based on DCF Valuation
DCF Fair Value Target:
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for EnLink Midstream LLC. To summarize, we found that EnLink Midstream LLC ranked in the 76th percentile in terms of potential gain offered. Specifically, our DCF analysis implies the stock is trading below its fair value by an estimated 258.5%. As for the metrics that stood out in our discounted cash flow analysis of EnLink Midstream LLC, consider:
30% of the company's capital comes from equity, which is greater than only 8.31% of stocks in our cash flow based forecasting set.
EnLink Midstream LLC's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at -4.5. This coverage rate is greater than that of only 12.84% of stocks we're observing for the purpose of forecasting via discounted cash flows.
The weighted average cost of capital for the company is 16. This value is greater than 83.6% stocks in the Energy sector that generate free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
HMLP, REGI, NGL, TNP, and BOOM can be thought of as valuation peers to ENLC, in the sense that they are in the Energy sector and have a similar price forecast based on DCF valuation.
EnLink Midstream, LLC (NYSE: ENLC) (EnLink) today announced a quarterly distribution for the fourth quarter of 2020, and further announced it will host a webcast and conference call on Wednesday, February 17, at 8 a.m. Central time to discuss its fourth quarter and full-year 2020 earnings, along with 2021 financial guidance.
Introduction Whilst the unitholders of many Master Limited Partnerships saw their distributions being reduced during the turmoil of 2020, unitholders of others such as EnLink Midstream (ENLC) were forced to endure two reductions. Even now many months later, their distribution yield is sitting at a very high level of just...
Daniel Thurecht on Seeking Alpha | January 4, 2021
Moody's Investors Service (Moody's) assigned a Ba2 rating to EnLink Midstream, LLC's (ENLC) proposed offering of senior unsecured notes. ENLC's subsidiary is EnLink Midstream Partners, LP (ENLK, and collectively with ENLC, EnLink).