Shell Midstream Partners, L.P. Common Units representing Limited Partner Interests (SHLX): Price and Financial Metrics

SHLX POWR Grades

• SHLX scores best on the Quality dimension, with a Quality rank ahead of 97.93% of US stocks.
• The strongest trend for SHLX is in Value, which has been heading down over the past 179 days.
• SHLX ranks lowest in Growth; there it ranks in the 10th percentile.

SHLX Stock Summary

• With a one year PEG ratio of 1,277.65, Shell Midstream Partners LP is expected to have a higher PEG ratio (a measure of how expensive a stock is relative to its expected earnings growth) than 97.59% of US stocks.
• The ratio of debt to operating expenses for Shell Midstream Partners LP is higher than it is for about 96.69% of US stocks.
• Equity multiplier, or assets relative to shareholders' equity, comes in at -4.83 for Shell Midstream Partners LP; that's greater than it is for only 2.72% of US stocks.
• If you're looking for stocks that are quantitatively similar to Shell Midstream Partners LP, a group of peers worth examining would be HMLP, BFS, FRT, FLNG, and NJR.
• SHLX's SEC filings can be seen here. And to visit Shell Midstream Partners LP's official web site, go to www.shellmidstreampartners.com.

SHLX Valuation Summary

• SHLX's EV/EBIT ratio is 10.6; this is 41.6% lower than that of the median Energy stock.
• SHLX's price/earnings ratio has moved down 115.9 over the prior 83 months.
• Over the past 83 months, SHLX's EV/EBIT ratio has gone down 113.4.

Below are key valuation metrics over time for SHLX.

SHLX Growth Metrics

Its 4 year net income to common stockholders growth rate is now at 87.76%.
• The 5 year price growth rate now stands at -67.12%.
• Its 3 year price growth rate is now at -44.91%.

SHLX's revenue has moved up $229,000,000 over the prior 52 months.

The table below shows SHLX's growth in key financial areas (numbers in millions of US dollars).

Date	Revenue	Operating Cash Flow	Net Income to Common Stock
2021-12-31	556	612	556
2021-09-30	545	636	581
2021-06-30	527	647	589
2021-03-31	499	654	568
2020-12-31	481	650	488
2020-09-30	477	642	445

SHLX's Quality Factors

The “Quality” component of the POWR Ratings focuses on 31 different factors of a companies fundamentals and operational strength. Here are some key insights as we drill into the specifics of these quality attributes.

• SHLX has a Quality Grade of A, ranking ahead of 97.49% of graded US stocks.
• SHLX's asset turnover comes in at 0.224 -- ranking 84th of 137 Transportation stocks.
• HUBG, KNOP, and DKL are the stocks whose asset turnover ratios are most correlated with SHLX.

The table below shows SHLX's key quality metrics over time.