Kinder Morgan, Inc.

WBAG:KMI Stock Report

Market Cap: €60.8b

Kinder Morgan Valuation

Is KMI undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of KMI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: KMI (€27.55) is trading above our estimate of fair value (€19.81)

Significantly Below Fair Value: KMI is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for KMI?

Key metric: As KMI is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for KMI. This is calculated by dividing KMI's market cap by their current earnings.
What is KMI's PE Ratio?
PE Ratio25.1x
EarningsUS$2.53b
Market CapUS$63.29b

Price to Earnings Ratio vs Peers

How does KMI's PE Ratio compare to its peers?

The above table shows the PE ratio for KMI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average18.4x
OMV OMV
9.6x16.8%€12.7b
WMB Williams Companies
25.2x3.0%US$72.7b
OKE ONEOK
24.4x11.0%US$68.4b
ET Energy Transfer
14.2x13.1%US$65.3b
KMI Kinder Morgan
25.1x8.1%€63.3b

Price-To-Earnings vs Peers: KMI is expensive based on its Price-To-Earnings Ratio (25.1x) compared to the peer average (18.4x).

Price to Earnings Ratio vs Industry

How does KMI's PE Ratio compare vs other companies in the European Oil and Gas Industry?

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
KMI 25.1xIndustry Avg. 9.2xNo. of Companies18PE0612182430+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: KMI is expensive based on its Price-To-Earnings Ratio (25.1x) compared to the European Oil and Gas industry average (9.2x).

Price to Earnings Ratio vs Fair Ratio

What is KMI's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

KMI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio25.1x
Fair PE Ratio11x

Price-To-Earnings vs Fair Ratio: KMI is expensive based on its Price-To-Earnings Ratio (25.1x) compared to the estimated Fair Price-To-Earnings Ratio (11x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst KMI forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€27.55
€24.34
-11.6%
10.6%€31.31€20.87n/a16
Nov ’25€22.50
€22.76
+1.2%
8.1%€26.70€20.26n/a16
Oct ’25€20.36
€20.24
-0.6%
5.8%€22.45€17.06n/a15
Sep ’25€19.36
€19.99
+3.3%
5.7%€21.50€17.02n/a16
Aug ’25€19.55
€20.33
+4.0%
5.6%€22.17€17.55n/a16
Jul ’25€18.40
€19.56
+6.3%
6.3%€22.35€17.69n/a16
Jun ’25€17.73
€18.97
+7.0%
5.8%€20.27€16.58n/a17
May ’25€17.27
€19.00
+10.0%
5.3%€20.52€16.79n/a19
Apr ’25€16.90
€18.76
+11.0%
7.0%€21.22€15.68n/a18
Mar ’25€16.12
€18.97
+17.7%
7.3%€21.28€15.73n/a18
Feb ’25€15.79
€18.98
+20.2%
6.9%€21.24€15.70n/a18
Jan ’25€16.01
€18.91
+18.1%
6.8%€21.30€15.75n/a19
Dec ’24€16.28
€18.59
+14.2%
7.6%€21.09€15.59n/a19
Nov ’24€15.50
€19.11
+23.3%
7.3%€20.84€16.10€22.5019
Oct ’24€15.79
€18.46
+16.9%
7.4%€20.92€15.91€20.3618
Sep ’24€15.87
€18.46
+16.3%
7.4%€20.92€15.91€19.3618
Aug ’24€15.89
€18.46
+16.2%
7.4%€20.92€15.91€19.5518
Jul ’24€15.76
€18.45
+17.1%
7.3%€21.02€16.00€18.4019
Jun ’24€15.09
€18.26
+21.1%
7.3%€20.87€15.88€17.7319
May ’24€14.90
€18.26
+22.6%
7.3%€20.87€15.88€17.2719
Apr ’24€16.05
€18.91
+17.8%
7.8%€22.51€16.41€16.9021
Mar ’24€16.19
€18.91
+16.8%
7.8%€22.51€16.41€16.1221
Feb ’24€16.89
€18.42
+9.0%
7.8%€22.08€16.10€15.7920
Jan ’24€16.97
€18.72
+10.3%
8.3%€22.78€16.61€16.0120
Dec ’23€18.27
€18.98
+3.9%
8.5%€23.05€16.81€16.2819
Nov ’23€18.51
€19.89
+7.5%
8.6%€24.09€17.56€15.5019

Analyst Forecast: Target price is lower than the current share price.

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