Kinder Morgan, Inc.

DB:2KD Stock Report

Market Cap: €61.8b

Kinder Morgan Valuation

Is 2KD undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of 2KD when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: 2KD (€27.64) is trading below our estimate of future cash flow value (€45.97)

Significantly Below Future Cash Flow Value: 2KD is trading below future cash flow value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2KD?

Key metric: As 2KD is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 2KD. This is calculated by dividing 2KD's market cap by their current earnings.
What is 2KD's PE Ratio?
PE Ratio24x
EarningsUS$3.04b
Market CapUS$72.82b

Price to Earnings Ratio vs Peers

How does 2KD's PE Ratio compare to its peers?

The above table shows the PE ratio for 2KD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average19.1x
VH2 Friedrich Vorwerk Group
22.7x14.93%€1.6b
EPD Enterprise Products Partners
13.5x5.61%US$78.6b
ET Energy Transfer
15.6x11.45%US$65.3b
TRP TC Energy
24.6x9.12%CA$88.8b
2KD Kinder Morgan
24x5.74%€72.8b

Price-To-Earnings vs Peers: 2KD is expensive based on its Price-To-Earnings Ratio (24x) compared to the peer average (19.1x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does 2KD's PE Ratio compare vs other companies in the European Oil and Gas Industry?

12 CompaniesPrice / EarningsEstimated GrowthMarket Cap
2KD 24.0xIndustry Avg. 15.0xNo. of Companies12PE0816243240+
12 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 2KD is expensive based on its Price-To-Earnings Ratio (24x) compared to the European Oil and Gas industry average (15x).

Price to Earnings Ratio vs Fair Ratio

What is 2KD'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.

2KD PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio24x
Fair PE Ratio36.9x

Price-To-Earnings vs Fair Ratio: 2KD is good value based on its Price-To-Earnings Ratio (24x) compared to the estimated Fair Price-To-Earnings Ratio (36.9x).

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 2KD forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€24.05
€26.50
+10.23%
9.76%€32.37€20.44n/a19
Sep ’26€22.85
€26.56
+16.26%
9.61%€32.49€20.52n/a18
Feb ’27€27.64
€27.19
-1.62%
8.08%€32.24€22.06n/a21
Feb ’27€25.65
€26.49
+3.30%
7.80%€31.76€21.73n/a20
Aug ’26€24.10
€26.84
+11.38%
9.78%€32.89€20.77n/a18
Jan ’27€23.08
€26.43
+14.53%
8.97%€32.23€21.21n/a19
Dec ’26€23.50
€26.93
+14.62%
9.04%€32.73€21.54n/a19
Nov ’26€22.66
€26.98
+19.11%
9.44%€32.97€21.69n/a19
Jun ’26€24.60
€26.61
+8.19%
11.31%€33.55€19.43n/a17
May ’26€23.07
€26.43
+14.57%
11.37%€33.39€19.33n/a17
Feb ’26€26.47
€28.36
+7.16%
16.30%€36.55€21.09€25.6518
Jan ’26€25.86
€25.49
-1.44%
12.02%€32.67€21.14€23.0816
Jul ’26€24.06
€26.34
+9.46%
9.99%€32.82€20.73n/a17
Dec ’25€26.49
€24.72
-6.68%
11.29%€31.50€21.00€23.5016
Nov ’25€22.11
€22.72
+2.79%
8.06%€26.66€20.23€22.6616
Oct ’25€19.57
€20.24
+3.42%
5.81%€22.45€17.06€24.0515
Sep ’25€19.42
€19.99
+2.93%
5.65%€21.50€17.02€22.8516
Aug ’25€19.46
€20.33
+4.44%
5.57%€22.17€17.55€24.1016
Apr ’26€26.49
€28.04
+5.87%
11.56%€35.10€20.32n/a18
Mar ’26€26.04
€28.88
+10.94%
13.70%€36.64€21.21n/a18
Apr ’25€16.94
€18.93
+11.74%
6.96%€21.41€15.83€26.4918
Mar ’25€16.06
€18.97
+18.07%
7.32%€21.28€15.73€26.0418
Feb ’25€15.57
€19.02
+22.17%
6.92%€21.29€15.73€26.4718
Jul ’25€18.40
€19.56
+6.28%
6.30%€22.35€17.69€24.0616
Jun ’25€17.86
€18.97
+6.20%
5.79%€20.27€16.58€24.6017
May ’25€17.17
€19.06
+10.99%
5.32%€20.58€16.84€23.0719
€27.06
Fair Value
2.1% overvalued intrinsic discount
21
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 Analysis2026/02/22 03:11
End of Day Share Price 2026/02/20 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

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.

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 Github.

Analyst Sources

Kinder Morgan, Inc. is covered by 35 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
Theresa ChenBarclays
Jean Ann SalisburyBernstein