DCP Stock Overview
DCP Midstream, LP, together with its subsidiaries, owns, operates, acquires, and develops a portfolio of midstream energy assets in the United States.
DCP Midstream Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$34.18|
|52 Week High||US$39.54|
|52 Week Low||US$23.58|
|1 Month Change||-6.74%|
|3 Month Change||10.44%|
|1 Year Change||35.26%|
|3 Year Change||3.92%|
|5 Year Change||-8.09%|
|Change since IPO||48.29%|
Recent News & Updates
|DCP||US Oil and Gas||US Market|
Return vs Industry: DCP underperformed the US Oil and Gas industry which returned 47.8% over the past year.
Return vs Market: DCP exceeded the US Market which returned -10.8% over the past year.
|DCP Average Weekly Movement||6.7%|
|Oil and Gas Industry Average Movement||8.7%|
|Market Average Movement||7.8%|
|10% most volatile stocks in US Market||16.9%|
|10% least volatile stocks in US Market||2.9%|
Stable Share Price: DCP is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: DCP's weekly volatility (7%) has been stable over the past year.
About the Company
|2005||n/a||Wouter van Kempen||https://www.dcpmidstream.com|
DCP Midstream, LP, together with its subsidiaries, owns, operates, acquires, and develops a portfolio of midstream energy assets in the United States. The company operates through Logistics and Marketing, and Gathering and Processing. The Logistics and Marketing segment engages in transporting, trading, marketing, and storing natural gas and natural gas liquids (NGLs); and fractionating NGLs.
DCP Midstream Fundamentals Summary
|DCP fundamental statistics|
Is DCP overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|DCP income statement (TTM)|
|Cost of Revenue||US$10.93b|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||1.70|
|Net Profit Margin||2.93%|
How did DCP perform over the long term?See historical performance and comparison
4.6%Current Dividend Yield
Is DCP Midstream undervalued compared to its fair value and its price relative to the market?
Valuation Score 4/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PB vs Industry
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: DCP ($34.18) is trading below our estimate of fair value ($61.12)
Significantly Below Fair Value: DCP is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: DCP is poor value based on its PE Ratio (20.1x) compared to the US Oil and Gas industry average (13.6x).
PE vs Market: DCP is poor value based on its PE Ratio (20.1x) compared to the US market (15.5x).
Price to Earnings Growth Ratio
PEG Ratio: DCP is good value based on its PEG Ratio (0.5x)
Price to Book Ratio
PB vs Industry: DCP is good value based on its PB Ratio (1.4x) compared to the US Oil and Gas industry average (2.1x).
How is DCP Midstream forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Future Growth Score3/6
Future Growth Score 3/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: DCP's forecast earnings growth (43.6% per year) is above the savings rate (1.9%).
Earnings vs Market: DCP's earnings (43.6% per year) are forecast to grow faster than the US market (12.5% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: DCP's revenue (0.3% per year) is forecast to grow slower than the US market (7.9% per year).
High Growth Revenue: DCP's revenue (0.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if DCP's Return on Equity is forecast to be high in 3 years time
How has DCP Midstream performed over the past 5 years?
Past Performance Score2/6
Past Performance Score 2/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: DCP has high quality earnings.
Growing Profit Margin: DCP's current net profit margins (2.9%) are lower than last year (3.2%).
Past Earnings Growth Analysis
Earnings Trend: DCP's earnings have declined by 8.7% per year over the past 5 years.
Accelerating Growth: DCP's earnings growth over the past year (50.8%) exceeds its 5-year average (-8.7% per year).
Earnings vs Industry: DCP earnings growth over the past year (50.8%) underperformed the Oil and Gas industry 86.4%.
Return on Equity
High ROE: DCP's Return on Equity (7.2%) is considered low.
How is DCP Midstream's financial position?
Financial Health Score0/6
Financial Health Score 0/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: DCP's short term assets ($2.2B) do not cover its short term liabilities ($2.6B).
Long Term Liabilities: DCP's short term assets ($2.2B) do not cover its long term liabilities ($5.3B).
Debt to Equity History and Analysis
Debt Level: DCP's net debt to equity ratio (90.9%) is considered high.
Reducing Debt: DCP's debt to equity ratio has increased from 71.9% to 91% over the past 5 years.
Debt Coverage: DCP's debt is not well covered by operating cash flow (15.7%).
Interest Coverage: DCP's interest payments on its debt are not well covered by EBIT (0.7x coverage).
What is DCP Midstream current dividend yield, its reliability and sustainability?
Dividend Score 3/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: DCP's dividend (4.56%) is higher than the bottom 25% of dividend payers in the US market (1.54%).
High Dividend: DCP's dividend (4.56%) is in the top 25% of dividend payers in the US market (4.06%)
Stability and Growth of Payments
Stable Dividend: DCP's dividend payments have been volatile in the past 10 years.
Growing Dividend: DCP's dividend payments have fallen over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (90.6%), DCP's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (45.7%), DCP's dividend payments are well covered by cash flows.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Wouter van Kempen (52 yo)
Mr. Wouter T. van Kempen has been the Chairman of the Board at DCP Midstream GP, LLC, General Partner of DCP Midstream, LP since January 1, 2014 and has been its Chief Executive Officer since January 1, 20...
CEO Compensation Analysis
Compensation vs Market: Wouter's total compensation ($USD5.47M) is below average for companies of similar size in the US market ($USD8.18M).
Compensation vs Earnings: Wouter's compensation has been consistent with company performance over the past year.
Experienced Management: DCP's management team is considered experienced (4.3 years average tenure).
Experienced Board: DCP's board of directors are considered experienced (6.9 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
DCP Midstream, LP's employee growth, exchange listings and data sources
- Name: DCP Midstream, LP
- Ticker: DCP
- Exchange: NYSE
- Founded: 2005
- Industry: Oil and Gas Storage and Transportation
- Sector: Energy
- Implied Market Cap: US$7.165b
- Market Cap: US$7.066b
- Shares outstanding: 211.31m
- Website: https://www.dcpmidstream.com
- DCP Midstream, LP
- 6900 East Layton Avenue
- Suite 900
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/05/17 00:00|
|End of Day Share Price||2022/05/17 00:00|
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.