EnLink Midstream, LLC

NYSE:ENLC Stock Report

Market Cap: US$7.1b

EnLink Midstream Valuation

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

Valuation Score

1/6

Valuation Score 1/6

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

Below Fair Value: ENLC ($15.67) is trading below our estimate of fair value ($16.52)

Significantly Below Fair Value: ENLC 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 ENLC?

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

The above table shows the Price to Earnings ratio for ENLC. This is calculated by dividing ENLC's market cap by their current earnings.
What is ENLC's PE Ratio?
PE Ratio71.9x
EarningsUS$100.10m
Market CapUS$7.10b

Price to Earnings Ratio vs Peers

How does ENLC's PE Ratio compare to its peers?

The above table shows the PE ratio for ENLC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average21.6x
AM Antero Midstream
19.5x16.7%US$7.4b
HESM Hess Midstream
17.7x54.0%US$8.0b
DTM DT Midstream
26.2x7.2%US$10.0b
PAGP Plains GP Holdings
22.8x22.8%US$4.4b
ENLC EnLink Midstream
71.9x61.3%US$7.1b

Price-To-Earnings vs Peers: ENLC is expensive based on its Price-To-Earnings Ratio (71.9x) compared to the peer average (21.6x).

Price to Earnings Ratio vs Industry

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

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
AXAS Abraxas Petroleum
0.09xn/aUS$10.27m
BYRO.F Byron Energy
0.03x-10.3%US$312.17k
USOP.Y U.S. Oil and Gas
n/an/aUS$6.00
No more companies available in this PE range
ENLC 71.9xIndustry Avg. 11.7xNo. of Companies19PE0816243240+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ENLC is expensive based on its Price-To-Earnings Ratio (71.9x) compared to the US Oil and Gas industry average (11.7x).

Price to Earnings Ratio vs Fair Ratio

What is ENLC'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.

ENLC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio71.9x
Fair PE Ratio28.3x

Price-To-Earnings vs Fair Ratio: ENLC is expensive based on its Price-To-Earnings Ratio (71.9x) compared to the estimated Fair Price-To-Earnings Ratio (28.3x).

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 ENLC forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$15.67
US$15.45
-1.4%
4.2%US$17.00US$15.00n/a11
Nov ’25US$14.71
US$15.42
+4.8%
4.2%US$17.00US$15.00n/a12
Oct ’25US$14.66
US$15.33
+4.6%
3.1%US$16.00US$15.00n/a12
Sep ’25US$14.36
US$15.33
+6.8%
3.1%US$16.00US$15.00n/a12
Aug ’25US$13.60
US$15.33
+12.7%
4.9%US$17.00US$14.00n/a12
Jul ’25US$13.86
US$14.58
+5.2%
5.2%US$16.00US$13.00n/a12
Jun ’25US$12.69
US$14.75
+16.2%
6.8%US$17.00US$13.00n/a12
May ’25US$12.87
US$14.92
+15.9%
7.0%US$17.00US$13.00n/a12
Apr ’25US$13.66
US$14.25
+4.3%
7.6%US$17.00US$13.00n/a12
Mar ’25US$12.68
US$14.18
+11.8%
7.9%US$17.00US$13.00n/a11
Feb ’25US$12.01
US$14.27
+18.8%
8.0%US$17.00US$13.00n/a11
Jan ’25US$12.16
US$14.18
+16.6%
7.9%US$17.00US$13.00n/a11
Dec ’24US$13.93
US$14.27
+2.5%
8.0%US$17.00US$13.00n/a11
Nov ’24US$12.20
US$14.09
+15.5%
8.3%US$17.00US$13.00US$14.7111
Oct ’24US$12.22
US$13.91
+13.8%
8.9%US$17.00US$12.00US$14.6611
Sep ’24US$12.71
US$13.64
+7.3%
10.0%US$17.00US$12.00US$14.3611
Aug ’24US$11.43
US$13.45
+17.7%
10.7%US$17.00US$11.00US$13.6011
Jul ’24US$10.60
US$13.36
+26.1%
10.7%US$17.00US$11.00US$13.8611
Jun ’24US$10.09
US$13.30
+31.8%
11.2%US$17.00US$11.00US$12.6910
May ’24US$9.67
US$13.75
+42.2%
10.4%US$17.00US$12.00US$12.8710
Apr ’24US$10.84
US$13.95
+28.7%
11.8%US$18.00US$12.00US$13.6610
Mar ’24US$11.19
US$13.95
+24.7%
11.8%US$18.00US$12.00US$12.6810
Feb ’24US$12.60
US$14.00
+11.1%
13.6%US$18.00US$11.00US$12.0110
Jan ’24US$12.30
US$13.25
+7.7%
8.5%US$15.00US$11.00US$12.1610
Dec ’23US$12.62
US$13.28
+5.2%
8.9%US$15.00US$11.00US$13.939
Nov ’23US$11.98
US$12.33
+2.9%
7.4%US$14.00US$11.00US$12.209

Analyst Forecast: Target price is lower than the current share price.

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