Kinder Morgan, Inc.

WBAG:KMI Stock Report

Market Cap: €65.5b

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.

Discounted Cash Flow
Simply Wall St
€26.66
Fair Value
10.9% overvalued intrinsic discount
17
Number of Analysts

Below Fair Value: KMI (€29.56) is trading above our estimate of fair value (€26.66)

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 Ratio26.7x
EarningsUS$2.53b
Market CapUS$67.34b

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 Average18.3x
OMV OMV
9.8x16.8%€12.9b
WMB Williams Companies
25x5.0%US$72.1b
OKE ONEOK
22.7x13.5%US$63.7b
LNG Cheniere Energy
15.5x-7.4%US$56.7b
KMI Kinder Morgan
26.7x8.3%€67.3b

Price-To-Earnings vs Peers: KMI is expensive based on its Price-To-Earnings Ratio (26.7x) compared to the peer average (18.3x).

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 26.7xIndustry Avg. 8.7xNo. of Companies17PE0612182430+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: KMI is expensive based on its Price-To-Earnings Ratio (26.7x) compared to the European Oil and Gas industry average (8.7x).

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 Ratio26.7x
Fair PE Ratio11.3x

Price-To-Earnings vs Fair Ratio: KMI is expensive based on its Price-To-Earnings Ratio (26.7x) compared to the estimated Fair Price-To-Earnings Ratio (11.3x).

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€29.56
€26.58
-10.1%
13.2%€33.09€21.41n/a17
Jan ’26€25.92
€25.42
-1.9%
12.0%€32.59€21.08n/a16
Dec ’25€26.80
€24.72
-7.7%
11.3%€31.50€21.00n/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€15.75€25.9219
Dec ’24€16.28
€18.59
+14.2%
7.6%€21.09€15.59€26.8019
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
Analyst Price Target
Consensus Narrative from 17 Analysts
€26.64
Fair Value
11.0% overvalued intrinsic discount
17
Number of Analysts

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/20 13:28
End of Day Share Price 2025/01/17 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Kinder Morgan, Inc. is covered by 44 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
William SeleskyArgus Research Company
Ishan MajumdarBaptista Research
Richard GrossBarclays