Calumet, Inc.

NasdaqGS:CLMT Stock Report

Market Cap: US$1.8b

Calumet Valuation

Is CLMT 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-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: CLMT ($20.92) is trading below our estimate of fair value ($39.4)

Significantly Below Fair Value: CLMT is trading below fair value by more than 20%.

Key Valuation Metric

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

Key metric: As CLMT is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for CLMT. This is calculated by dividing CLMT's market cap by their current revenue.
What is CLMT's PS Ratio?
PS Ratio0.4x
SalesUS$4.22b
Market CapUS$1.80b

Price to Sales Ratio vs Peers

How does CLMT's PS Ratio compare to its peers?

The above table shows the PS ratio for CLMT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.1x
WKC World Kinect
0.04x3.1%US$1.6b
CVI CVR Energy
0.2x0.8%US$1.9b
DK Delek US Holdings
0.08x-12.3%US$1.2b
PBF PBF Energy
0.1x-2.8%US$3.6b
CLMT Calumet
0.4x4.1%US$1.8b

Price-To-Sales vs Peers: CLMT is expensive based on its Price-To-Sales Ratio (0.4x) compared to the peer average (0.1x).

Price to Sales Ratio vs Industry

How does CLMT's PS Ratio compare vs other companies in the US Oil and Gas Industry?

35 CompaniesPrice / SalesEstimated GrowthMarket Cap
PSX Phillips 66
0.4x-5.1%US$54.06b
MPC Marathon Petroleum
0.4x-3.4%US$50.63b
VLO Valero Energy
0.3x-2.5%US$44.37b
PAA Plains All American Pipeline
0.2x-1.9%US$12.09b
CLMT 0.4xIndustry Avg. 1.8xNo. of Companies35PS01.63.24.86.48+
35 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: CLMT is good value based on its Price-To-Sales Ratio (0.4x) compared to the US Oil and Gas industry average (1.8x).

Price to Sales Ratio vs Fair Ratio

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

CLMT PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.4x
Fair PS Ratio0.4x

Price-To-Sales vs Fair Ratio: CLMT is expensive based on its Price-To-Sales Ratio (0.4x) compared to the estimated Fair Price-To-Sales Ratio (0.4x).

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 CLMT forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$20.92
US$24.60
+17.6%
11.7%US$29.00US$21.00n/a5
Nov ’25US$21.12
US$24.80
+17.4%
12.1%US$29.00US$21.00n/a5
Oct ’25US$17.46
US$21.90
+25.4%
12.8%US$25.00US$18.50n/a5
Sep ’25US$18.06
US$21.70
+20.2%
13.9%US$25.00US$18.00n/a5
Aug ’25US$12.66
US$21.10
+66.7%
15.7%US$25.00US$17.00n/a5
Jul ’25US$16.13
US$20.90
+29.6%
16.7%US$25.00US$17.00n/a5
Jun ’25US$16.28
US$22.25
+36.7%
19.8%US$29.00US$17.00n/a6
May ’25US$15.66
US$22.25
+42.1%
19.8%US$29.00US$17.00n/a6
Apr ’25US$14.86
US$22.25
+49.7%
19.8%US$29.00US$17.00n/a6
Mar ’25US$15.70
US$22.58
+43.8%
17.9%US$29.00US$17.50n/a6
Feb ’25US$15.38
US$22.92
+49.1%
20.1%US$31.00US$17.50n/a6
Jan ’25US$17.87
US$23.08
+29.2%
22.7%US$31.00US$17.50n/a6
Dec ’24US$17.63
US$22.75
+29.0%
24.3%US$31.00US$17.00n/a6
Nov ’24US$12.91
US$23.33
+80.7%
19.9%US$31.00US$17.00US$21.126
Oct ’24US$19.10
US$24.17
+26.5%
15.9%US$31.00US$19.00US$17.466
Sep ’24US$18.66
US$23.92
+28.2%
17.1%US$31.00US$19.00US$18.066
Aug ’24US$16.29
US$24.08
+47.8%
19.4%US$32.00US$18.00US$12.666
Jul ’24US$15.86
US$24.25
+52.9%
18.4%US$32.00US$19.00US$16.136
Jun ’24US$15.67
US$24.42
+55.8%
17.6%US$32.00US$19.50US$16.286
May ’24US$17.18
US$24.58
+43.1%
22.2%US$34.00US$18.50US$15.666
Apr ’24US$17.38
US$24.58
+41.4%
22.2%US$34.00US$18.50US$14.866
Mar ’24US$19.61
US$24.50
+24.9%
21.6%US$33.00US$17.00US$15.706
Feb ’24US$16.50
US$24.67
+49.5%
21.2%US$33.00US$17.00US$15.386
Jan ’24US$16.88
US$25.17
+49.1%
21.3%US$33.00US$17.00US$17.876
Dec ’23US$15.95
US$27.20
+70.6%
14.0%US$33.00US$23.00US$17.635
Nov ’23US$19.79
US$27.80
+40.5%
17.2%US$36.00US$23.00US$12.915

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

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