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ENLC

EnLink Midstream NYSE:ENLC Stock Report

Last Price

US$10.19

Market Cap

US$5.6b

7D

-3.3%

1Y

114.1%

Updated

15 May, 2022

Data

Company Financials +
ENLC fundamental analysis
Snowflake Score
Valuation2/6
Future Growth4/6
Past Performance3/6
Financial Health1/6
Dividends3/6

ENLC Stock Overview

EnLink Midstream, LLC provides midstream energy services in the United States.

EnLink Midstream Competitors

Price History & Performance

Summary of all time highs, changes and price drops for EnLink Midstream
Historical stock prices
Current Share PriceUS$10.19
52 Week HighUS$11.27
52 Week LowUS$4.69
Beta2.68
1 Month Change-1.64%
3 Month Change20.02%
1 Year Change114.08%
3 Year Change-11.78%
5 Year Change-43.70%
Change since IPO-72.16%

Recent News & Updates

May 05

EnLink Midstream Continues To Outperform With Another Quarterly Beat-And-Raise

ENLC beat analyst adjusted EBITDA estimates by 6% and increased full-year guidance also by 6%. Management intends to allocate increasing free cash flow to equity owners. Segments that have seen volume declines over recent years are about to pivot toward growth.

Shareholder Returns

ENLCUS Oil and GasUS Market
7D-3.3%-3.5%-2.5%
1Y114.1%47.7%-10.4%

Return vs Industry: ENLC exceeded the US Oil and Gas industry which returned 47.7% over the past year.

Return vs Market: ENLC exceeded the US Market which returned -10.4% over the past year.

Price Volatility

Is ENLC's price volatile compared to industry and market?
ENLC volatility
ENLC Average Weekly Movement7.4%
Oil and Gas Industry Average Movement8.5%
Market Average Movement7.8%
10% most volatile stocks in US Market16.7%
10% least volatile stocks in US Market2.8%

Stable Share Price: ENLC is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: ENLC's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20131,073Barry Davishttps://www.enlink.com

EnLink Midstream, LLC provides midstream energy services in the United States. It operates through Permian, Louisiana, Oklahoma, North Texas, and Corporate segments. The company is involved in gathering, compressing, treating, processing, transporting, storing, and selling natural gas; fractionating, transporting, storing, and selling natural gas liquids; and stabilizing, trans-loading , and condensate crude oil , as well as providing brine disposal services.

EnLink Midstream Fundamentals Summary

How do EnLink Midstream's earnings and revenue compare to its market cap?
ENLC fundamental statistics
Market CapUS$5.56b
Earnings (TTM)US$68.80m
Revenue (TTM)US$7.77b

80.8x

P/E Ratio

0.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ENLC income statement (TTM)
RevenueUS$7.77b
Cost of RevenueUS$6.05b
Gross ProfitUS$1.72b
Other ExpensesUS$1.65b
EarningsUS$68.80m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.13
Gross Margin22.16%
Net Profit Margin0.89%
Debt/Equity Ratio148.5%

How did ENLC perform over the long term?

See historical performance and comparison

Dividends

4.4%

Current Dividend Yield

292%

Payout Ratio

Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


34.4%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: ENLC ($10.19) is trading below our estimate of fair value ($15.53)

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


Price To Earnings Ratio

PE vs Industry: ENLC is poor value based on its PE Ratio (80.8x) compared to the US Oil and Gas industry average (13.4x).

PE vs Market: ENLC is poor value based on its PE Ratio (80.8x) compared to the US market (15.5x).


Price to Earnings Growth Ratio

PEG Ratio: ENLC is poor value based on its PEG Ratio (2.6x)


Price to Book Ratio

PB vs Industry: ENLC is overvalued based on its PB Ratio (4.3x) compared to the US Oil and Gas industry average (2x).


Future Growth

How is EnLink Midstream forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


30.7%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ENLC's forecast earnings growth (30.7% per year) is above the savings rate (1.9%).

Earnings vs Market: ENLC's earnings (30.7% per year) are forecast to grow faster than the US market (12.6% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: ENLC's revenue (4.8% per year) is forecast to grow slower than the US market (8% per year).

High Growth Revenue: ENLC's revenue (4.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ENLC's Return on Equity is forecast to be high in 3 years time (27.3%)


Past Performance

How has EnLink Midstream performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-31.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ENLC has high quality earnings.

Growing Profit Margin: ENLC became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: ENLC has become profitable over the past 5 years, growing earnings by -31.1% per year.

Accelerating Growth: ENLC has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: ENLC has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (86.4%).


Return on Equity

High ROE: ENLC's Return on Equity (6.8%) is considered low.


Financial Health

How is EnLink Midstream's financial position?

Financial Health Score

1/6

Financial Health Score 1/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: ENLC's short term assets ($1.2B) do not cover its short term liabilities ($1.2B).

Long Term Liabilities: ENLC's short term assets ($1.2B) do not cover its long term liabilities ($4.6B).


Debt to Equity History and Analysis

Debt Level: ENLC's net debt to equity ratio (146.1%) is considered high.

Reducing Debt: ENLC's debt to equity ratio has increased from 66.7% to 148.5% over the past 5 years.

Debt Coverage: ENLC's debt is well covered by operating cash flow (21.8%).

Interest Coverage: ENLC's interest payments on its debt are not well covered by EBIT (2x coverage).


Balance Sheet


Dividend

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

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


4.42%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: ENLC's dividend (4.42%) is higher than the bottom 25% of dividend payers in the US market (1.54%).

High Dividend: ENLC's dividend (4.42%) is in the top 25% of dividend payers in the US market (4.05%)


Stability and Growth of Payments

Stable Dividend: ENLC has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: ENLC has only been paying a dividend for 8 years, and since then payments have fallen.


Earnings Payout to Shareholders

Earnings Coverage: With its high payout ratio (292.2%), ENLC's dividend payments are not well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (37.1%), ENLC's dividend payments are well covered by cash flows.


Next Steps

Management

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

4.3yrs

Average management tenure


CEO

Barry Davis (59 yo)

2.75yrs

Tenure

US$6,909,445

Compensation

Mr. Barry E. Davis has been Executive Chairman of Sabine Pipe Line LLC., Chandeleur Pipe Line LLC., and EnLink Midstream GP, LLC since January 2, 2018. He has been Chief Executive Officer and Chairman of E...


CEO Compensation Analysis

Compensation vs Market: Barry's total compensation ($USD6.91M) is about average for companies of similar size in the US market ($USD8.23M).

Compensation vs Earnings: Barry's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: ENLC's management team is considered experienced (4.3 years average tenure).


Board Members

Experienced Board: ENLC's board of directors are not considered experienced ( 2.8 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: ENLC insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

EnLink Midstream, LLC's employee growth, exchange listings and data sources


Key Information

  • Name: EnLink Midstream, LLC
  • Ticker: ENLC
  • Exchange: NYSE
  • Founded: 2013
  • Industry: Oil and Gas Storage and Transportation
  • Sector: Energy
  • Implied Market Cap: US$5.557b
  • Market Cap: US$4.922b
  • Shares outstanding: 545.31m
  • Website: https://www.enlink.com

Number of Employees


Location

  • EnLink Midstream, LLC
  • 1722 Routh Street
  • Suite 1300
  • Dallas
  • Texas
  • 75201
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/15 00:00
End of Day Share Price2022/05/13 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.