Noble Midstream Partners LP Common Limited Partner Interests (NBLX) Company Bio
Noble Midstream Partners LP provides crude oil, natural gas, and water-related midstream services. The Company owns, operates, develops, and acquires a wide range of domestic midstream infrastructure assets. Noble Midstream Partners conducts business in the United States. The company was founded in 2014 and is based in Houston, Texas.
NBLX 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 Noble Midstream Partners LP. To summarize, we found that Noble Midstream Partners LP ranked in the 92th percentile in terms of potential gain offered. Specifically, our DCF analysis implies the stock is trading below its fair value by an estimated 3700%. The most interesting components of our discounted cash flow analysis for Noble Midstream Partners LP ended up being:
9% of the company's capital comes from equity, which is greater than merely 5.49% of stocks in our cash flow based forecasting set.
Noble Midstream Partners LP's weighted average cost of capital (WACC) is 4%; for context, that number is higher than just 0.05% of tickers in our DCF set.
The company's cost of debt, derived from its interest coverage, tax rate, and market capitalization, is greater than just 8.24% of stocks in its sector (Energy).
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
CPG, APY, BKEP, BPMP, and GLOP can be thought of as valuation peers to NBLX, in the sense that they are in the Energy sector and have a similar price forecast based on DCF valuation.