WES's current price/earnings ratio is 2.79, which is higher than just 5.61% of US stocks with positive earnings.
The ratio of debt to operating expenses for Western Midstream Partners LP is higher than it is for about 93.15% of US stocks.
Western Midstream Partners LP's shareholder yield -- a measure of how much capital is returned to stockholders via dividends and buybacks -- is -146.36%, greater than the shareholder yield of only 4.29% of stocks in our set.
Stocks that are quantitatively similar to WES, based on their financial statements, market capitalization, and price volatility, are TGH, AHH, BRX, CMRE, and AIV.
Western Midstream Partners, LP Common Limited Partner Interests (WES) Company Bio
Western Gas Partners LP operates, acquires, and develops midstream energy assets in the Rocky Mountains, the Mid-Continent, North-central Pennsylvania, and Texas. The company was founded in 2007 and is based in The Woodlands, Texas.
WES Price Forecast Based on DCF Valuation
DCF Fair Value Target:
Below please find a table outlining a discounted cash flow forecast for WES, in which we model out valuation assuming a variety of terminal growth rates. To summarize, we found that Western Midstream Partners LP ranked in the 61th percentile in terms of potential gain offered. Moreover, under all the scenarios we modelled, the output consistently forecasted positive returns. The most interesting components of our discounted cash flow analysis for Western Midstream Partners LP ended up being:
21% of the company's capital comes from equity, which is greater than just 11.14% of stocks in our cash flow based forecasting set.
Western Midstream Partners LP's weighted average cost of capital (WACC) is 6%; for context, that number is higher than only 4.74% of tickers in our DCF set.
Relative to other stocks in its sector (Energy), Western Midstream Partners LP has a reliance on debt greater than 71.24% of them.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
VLO, EOG, SHI, NINE, and CKH can be thought of as valuation peers to WES, in the sense that they are in the Energy sector and have a similar price forecast based on DCF valuation.