Equitrans Midstream Corporation

DB:37W Stock Report

Market Cap: €5.0b

This company listing is no longer active

This company may still be operating, however this listing is no longer active. Find out why through their latest events.

Equitrans Midstream Valuation

Is 37W undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • 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 37W when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 37W (€11.19) is trading below our estimate of fair value (€11.63)

Significantly Below Fair Value: 37W is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 37W?

Key metric: As 37W is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 37W. This is calculated by dividing 37W's market cap by their current earnings.
What is 37W's PE Ratio?
PE Ratio13.8x
EarningsUS$391.29m
Market CapUS$5.40b

Price to Earnings Ratio vs Peers

How does 37W's PE Ratio compare to its peers?

The above table shows the PE ratio for 37W vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average38.9x
VH2 Friedrich Vorwerk Group
19.1x12.9%€537.0m
CE2 CropEnergies
82.4xn/a€1.2b
VBK Verbio
n/a55.1%€731.8m
CE2 CropEnergies
15.3x-7.5%€1.0b
37W Equitrans Midstream
13.8x12.7%€5.4b

Price-To-Earnings vs Peers: 37W is good value based on its Price-To-Earnings Ratio (13.8x) compared to the peer average (46.2x).

Price to Earnings Ratio vs Industry

How does 37W's PE Ratio compare vs other companies in the European Oil and Gas Industry?

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
37W 13.8xIndustry Avg. 8.5xNo. of Companies16PE0612182430+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 37W is expensive based on its Price-To-Earnings Ratio (13.8x) compared to the European Oil and Gas industry average (7.6x).

Price to Earnings Ratio vs Fair Ratio

What is 37W'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.

37W PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.8x
Fair PE Ratio22.5x

Price-To-Earnings vs Fair Ratio: 37W is good value based on its Price-To-Earnings Ratio (13.8x) compared to the estimated Fair Price-To-Earnings Ratio (22.5x).

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 37W forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
€12.02
0%
17.0%€15.72€9.25n/a7
Nov ’25n/a
€12.02
0%
17.0%€15.72€9.25n/a7
Oct ’25n/a
€12.02
0%
17.0%€15.72€9.25n/a7
Sep ’25n/a
€12.02
0%
17.0%€15.72€9.25n/a7
Aug ’25n/a
€12.02
0%
17.0%€15.72€9.25n/a7
Jul ’25€11.91
€12.11
+1.7%
17.0%€15.83€9.31n/a7
Jun ’25€13.01
€11.19
-14.0%
11.8%€13.82€9.21n/a8
May ’25€12.79
€11.32
-11.4%
9.2%€13.09€9.35n/a10
Apr ’25€11.20
€10.81
-3.5%
7.2%€11.90€9.16n/a10
Mar ’25€9.85
€10.82
+9.8%
12.9%€13.82€8.29n/a13
Feb ’25€9.35
€10.38
+11.0%
19.3%€13.67€5.47n/a13
Jan ’25€9.15
€10.29
+12.5%
19.4%€13.65€5.46n/a13
Dec ’24€8.55
€10.11
+18.3%
21.0%€13.79€5.52n/a12
Nov ’24€8.30
€10.32
+24.3%
20.6%€14.17€5.67n/a12
Oct ’24€9.00
€10.25
+13.9%
22.2%€13.87€5.55n/a11
Sep ’24€8.80
€10.25
+16.5%
22.2%€13.87€5.55n/a11
Aug ’24€9.35
€9.83
+5.1%
22.5%€13.66€5.46n/a11
Jul ’24€8.70
€9.54
+9.6%
22.3%€13.65€5.46€11.9111
Jun ’24€7.95
€7.55
-5.1%
27.7%€10.22€4.65€13.0111
May ’24€4.50
€6.55
+45.6%
23.4%€9.79€4.53€12.7910
Apr ’24€4.94
€7.50
+51.8%
17.4%€10.21€5.67€11.2011
Mar ’24€5.65
€7.66
+35.6%
15.3%€10.19€5.66€9.8511
Feb ’24€6.55
€7.82
+19.4%
23.4%€12.88€5.52€9.3511
Jan ’24€6.35
€8.44
+33.0%
20.5%€13.20€6.60€9.1511
Dec ’23€7.95
€9.20
+15.8%
21.7%€13.56€6.78€8.5510
Nov ’23€8.40
€10.08
+20.0%
22.2%€14.33€6.65€8.3010

Analyst Forecast: Target price is less than 20% higher than the current share price.

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