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 70th percentile in terms of potential gain offered. More precisely, our analysis suggests the stock is undervalued by approximately 216% on a DCF basis. The most interesting components of our discounted cash flow analysis for EnLink Midstream LLC ended up being:
21% of the company's capital comes from equity, which is greater than only 7.87% 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 -4.48. This coverage rate is greater than that of merely 12.59% 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 82.46% stocks in the Energy sector that generate free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
SPNX, BSM, EURN, UGP, and KMI 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) announced today that representatives of EnLink will attend and meet virtually with investors at the upcoming Citi 2020 One-on-One Midstream / Energy Infrastructure Conference from Wednesday, August 12, to Thursday, August 13, 2020.
EnLink Midstream (ENLC) declares $0.09375/share quarterly dividend, in line with previous.Forward yield 15.76%Payable Aug. 13; for shareholders of record July 31; ex-div July 30.See ENLC Dividend Scorecard, Yield Chart, & Dividend Growth....
EnLink Midstream, LLC (NYSE: ENLC) (EnLink) today announced that its Board of Directors declared a cash distribution of $0.09375 per common unit for the second quarter of 2020, which is unchanged from the first quarter 2020 distribution. The second quarter 2020 cash distribution will be paid on August 13, 2020, to unitholders of record on July 31, 2020.
EnLink Midstream, LLC (NYSE: ENLC) (EnLink) announced today the appointment of Pablo G. Mercado as its new Executive Vice President and Chief Financial Officer and a member of EnLink's Executive Leadership Team, effective immediately.