company background image
DTM

DT MidstreamNYSE:DTM Stock Report

Market Cap

US$4.4b

7D

-3.5%

1Y

n/a

Updated

02 Dec, 2021

Data

Company Financials +
DTM fundamental analysis
Snowflake Score
Valuation4/6
Future Growth1/6
Past Performance1/6
Financial Health2/6
Dividends4/6

DTM Stock Overview

DT Midstream, Inc. provides integrated natural gas services.

Price History & Performance

Summary of all time highs, changes and price drops for DT Midstream
Historical stock prices
Current Share PriceUS$46.36
52 Week HighUS$50.52
52 Week LowUS$38.21
Beta0
1 Month Change-3.52%
3 Month Change0.85%
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO10.80%

Recent News & Updates

Nov 22
Are Investors Undervaluing DT Midstream, Inc. (NYSE:DTM) By 26%?

Are Investors Undervaluing DT Midstream, Inc. (NYSE:DTM) By 26%?

Does the November share price for DT Midstream, Inc. ( NYSE:DTM ) reflect what it's really worth? Today, we will...

Shareholder Returns

DTMUS Oil and GasUS Market
7D-3.5%-4.9%-3.5%
1Yn/a46.2%19.4%

Return vs Industry: Insufficient data to determine how DTM performed against the US Oil and Gas industry.

Return vs Market: Insufficient data to determine how DTM performed against the US Market.

Price Volatility

Is DTM's price volatile compared to industry and market?
DTM volatility
DTM Average Weekly Movement3.2%
Oil and Gas Industry Average Movement7.2%
Market Average Movement6.1%
10% most volatile stocks in US Market14.9%
10% least volatile stocks in US Market2.4%

Stable Share Price: DTM is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: Insufficient data to determine DTM's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
2021258David Slaterhttps://www.dtmidstream.com

DT Midstream, Inc. provides integrated natural gas services. The company operates through two segments, Pipeline and Gathering. It develops, owns, and operates an integrated portfolio of interstate pipelines, intrastate pipelines, storage systems, lateral pipelines, gathering systems, related treatment plants, and compression and surface facilities.

DT Midstream Fundamentals Summary

How do DT Midstream's earnings and revenue compare to its market cap?
DTM fundamental statistics
Market CapUS$4.40b
Earnings (TTM)US$289.00m
Revenue (TTM)US$825.00m

15.5x

P/E Ratio

5.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
DTM income statement (TTM)
RevenueUS$825.00m
Cost of RevenueUS$212.00m
Gross ProfitUS$613.00m
ExpensesUS$324.00m
EarningsUS$289.00m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)2.99
Gross Margin74.30%
Net Profit Margin35.03%
Debt/Equity Ratio76.4%

How did DTM perform over the long term?

See historical performance and comparison

Dividends

5.2%

Current Dividend Yield

20%

Payout Ratio

Valuation

Is DT Midstream undervalued compared to its fair value and its price relative to the market?

27.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: DTM ($46.36) is trading below our estimate of fair value ($63.5)

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


Price To Earnings Ratio

PE vs Industry: DTM's PE Ratio (15.5x) is in line with the US Oil and Gas industry average.

PE vs Market: DTM is good value based on its PE Ratio (15.5x) compared to the US market (16.9x).


Price to Earnings Growth Ratio

PEG Ratio: DTM is poor value based on its PEG Ratio (2x)


Price to Book Ratio

PB vs Industry: DTM is good value based on its PB Ratio (1.2x) compared to the US Oil and Gas industry average (1.9x).


Future Growth

How is DT Midstream forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

7.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DTM's forecast earnings growth (7.8% per year) is above the savings rate (2%).

Earnings vs Market: DTM's earnings (7.8% per year) are forecast to grow slower than the US market (14.1% per year).

High Growth Earnings: DTM's earnings are forecast to grow, but not significantly.

Revenue vs Market: DTM's revenue (6.6% per year) is forecast to grow slower than the US market (10% per year).

High Growth Revenue: DTM's revenue (6.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: DTM's Return on Equity is forecast to be low in 3 years time (8.6%).


Past Performance

How has DT Midstream performed over the past 5 years?

1.5%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: DTM has high quality earnings.

Growing Profit Margin: DTM's current net profit margins (35%) are lower than last year (41.2%).


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if DTM's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Insufficient data to compare DTM's past year earnings growth to its 5-year average.

Earnings vs Industry: DTM earnings growth over the past year (1.5%) underperformed the Oil and Gas industry 13%.


Return on Equity

High ROE: DTM's Return on Equity (7.5%) is considered low.


Financial Health

How is DT Midstream's financial position?


Financial Position Analysis

Short Term Liabilities: DTM's short term assets ($310.0M) exceed its short term liabilities ($195.0M).

Long Term Liabilities: DTM's short term assets ($310.0M) do not cover its long term liabilities ($3.9B).


Debt to Equity History and Analysis

Debt Level: DTM's net debt to equity ratio (73.2%) is considered high.

Reducing Debt: Insufficient data to determine if DTM's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: DTM's debt is not well covered by operating cash flow (19.9%).

Interest Coverage: DTM's interest payments on its debt are well covered by EBIT (4x coverage).


Balance Sheet


Dividend

What is DT Midstream current dividend yield, its reliability and sustainability?

5.18%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: DTM's dividend (5.18%) is higher than the bottom 25% of dividend payers in the US market (1.35%).

High Dividend: DTM's dividend (5.18%) is in the top 25% of dividend payers in the US market (3.61%)


Stability and Growth of Payments

Stable Dividend: Too early to tell whether DTM's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if DTM's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (20.1%), DTM's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: DTM's dividends in 3 years are forecast to be covered by earnings (75.2% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

0.4yrs

Average management tenure


CEO

David Slater (55 yo)

0.42

Tenure

US$1,899,075

Compensation

Mr. David J. Slater is President and Chief Executive Officer at DT Midstream, Inc. since July 07, 2021 and has been its Director. Mr. Slater serves as the Chairman of Millennium Pipeline Company, L.L.C. M...


CEO Compensation Analysis

Compensation vs Market: David's total compensation ($USD1.90M) is below average for companies of similar size in the US market ($USD5.28M).

Compensation vs Earnings: Insufficient data to compare David's compensation with company performance.


Leadership Team

Experienced Management: DTM's management team is not considered experienced ( 0.4 years average tenure), which suggests a new team.


Board Members

Experienced Board: DTM's board of directors are not considered experienced ( 0.4 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: DTM insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: DTM only recently listed within the past 12 months.


Top Shareholders

Company Information

DT Midstream, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: DT Midstream, Inc.
  • Ticker: DTM
  • Exchange: NYSE
  • Founded: 2021
  • Industry: Oil and Gas Storage and Transportation
  • Sector: Energy
  • Market Cap: US$4.404b
  • Shares outstanding: 96.73m
  • Website: https://www.dtmidstream.com

Number of Employees


Location

  • DT Midstream, Inc.
  • 500 Woodward Avenue
  • Suite 2900
  • Detroit
  • Michigan
  • 48226
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/12/02 23:48
End of Day Share Price2021/12/02 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.