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:
Below please find a table outlining a discounted cash flow forecast for ENLC, in which we model out valuation assuming a variety of terminal growth rates. To summarize, we found that EnLink Midstream LLC ranked in the 78th percentile in terms of potential gain offered. Specifically, our DCF analysis implies the stock is trading below its fair value by an estimated 371.33%. The most interesting components of our discounted cash flow analysis for EnLink Midstream LLC ended up being:
19% of the company's capital comes from equity, which is greater than only 8.55% 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 -4.67. This coverage rate is greater than that of only 11.9% 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 84.91% stocks in the Energy sector that generate free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
Want more companies with a valuation profile/forecast similar to that of EnLink Midstream LLC? See HFC, NINE, SPN, MPLX, and FRO.
EnLink Midstream, LLC (NYSE: ENLC) (EnLink) announced today that representatives of EnLink will attend and meet with investors at the upcoming J.P. Morgan 2020 Energy, Power & Renewables Conference from Tuesday, June 16, to Wednesday, June 17, 2020.