SMLP's one year PEG ratio, measuring expected growth in earnings next year relative to current common stock price is 0.05 -- higher than just 1.9% of US-listed equities with positive expected earnings growth.
Price to trailing twelve month operating cash flow for SMLP is currently 0.2, higher than just 2.29% of US stocks with positive operating cash flow.
With a price/sales ratio of 0.09, Summit Midstream Partners LP has a higher such ratio than just 3.08% of stocks in our set.
Stocks with similar financial metrics, market capitalization, and price volatility to Summit Midstream Partners LP are DOC, ELS, SALT, SLG, and NXST.
Summit Midstream Partners, LP Common Limited Partner Interests (SMLP) Company Bio
Summit Midstream Partners LP focuses on owning, developing, and operating midstream energy infrastructure assets primarily shale formations, in North America. The company provides natural gas gathering, treating, and processing services. The company was founded in 2009 and is based in The Woodlands, Texas.
SMLP Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for Summit Midstream Partners LP with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Summit Midstream Partners LP ranked in the 85th percentile in terms of potential gain offered. More precisely, our analysis suggests the stock is undervalued by approximately 1017.5% on a DCF basis. The most interesting components of our discounted cash flow analysis for Summit Midstream Partners LP ended up being:
2% of the company's capital comes from equity, which is greater than only 1.24% of stocks in our cash flow based forecasting set.
Summit Midstream Partners LP's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at -2.39. This coverage rate is greater than that of merely 15.97% of stocks we're observing for the purpose of forecasting via discounted cash flows.
The weighted average cost of capital for the company is 18. This value is greater than 96.07% stocks in the Energy sector that generate free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Energy that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as SMLP, try NINE, MRC, GEL, TOT, and BKEP.
Summit Midstream Partners ([[SMLP]] -0.5%) has reported that an ad hoc group of lenders have agreed to a consensual term loan restructuring transaction with its SMP Holdings unit, resulting in lenders waiving their rights to claims against SMP Holdings, including a release of the non-economic GP Interest in Summit Midstream Partners from...
HOUSTON, Sept. 29, 2020 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) announced today that its wholly owned, indirect subsidiary, Summit Midstream Partners Holdings, LLC ("SMP Holdings"), has entered into a Transaction Support Agreement ("TSA") with an ad hoc group of SMP…
HOUSTON, Sept. 23, 2020 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership" or "SMLP") announced today the expiration and final results of its previously announced cash tender offers (the "Tender Offers") by its subsidiaries, Summit Midstream Holdings, LLC and…
Introduction The Master Limited Partnership area of the market has seen a great deal of pain throughout 2020 as the COVID-19 pandemic inflicted immense broad-ranging damage. This has left Summit Midstream Partners (SMLP) fighting for survival, and if you are interested in their prospects to survive, I would recommend reading...
Daniel Thurecht on Seeking Alpha | September 9, 2020
HOUSTON, Aug. 25, 2020 /PRNewswire/ -- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership" or "SMLP") announced today that its subsidiaries, Summit Midstream Holdings, LLC and Summit Midstream Finance Corp. (collectively, the "Issuers"), have commenced cash tender offers (the…