Antero Midstream Corp
NYSE:AM

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Antero Midstream Corp
NYSE:AM
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Price: 18.04 USD 0.28% Market Closed
Market Cap: 8.6B USD

Relative Value

The Relative Value of one AM stock under the Base Case scenario is 16.57 USD. Compared to the current market price of 18.04 USD, Antero Midstream Corp is Overvalued by 8%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

AM Relative Value
Base Case
16.57 USD
Overvaluation 8%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
0
vs Industry
16
Median 3Y
5.3
Median 5Y
4.6
Industry
1.2
Forward
7.3
vs History
0
vs Industry
10
Median 3Y
15.1
Median 5Y
12.9
Industry
10
Forward
17.7
vs History
0
vs Industry
13
Median 3Y
7.2
Median 5Y
5.8
Industry
4.9
vs History
1
vs Industry
10
Median 3Y
19.4
Median 5Y
12.7
Industry
9.9
vs History
0
vs Industry
7
Median 3Y
2.5
Median 5Y
1.9
Industry
1.2
vs History
0
vs Industry
17
Median 3Y
8.6
Median 5Y
8.1
Industry
1.7
Forward
9.9
vs History
vs Industry
Median 3Y
0
Median 5Y
0
Industry
4.5
vs History
0
vs Industry
12
Median 3Y
10.7
Median 5Y
10
Industry
5.9
Forward
10.4
vs History
0
vs Industry
13
Median 3Y
14.6
Median 5Y
13.5
Industry
8.3
Forward
14
vs History
0
vs Industry
14
Median 3Y
11.6
Median 5Y
10.3
Industry
6.4
vs History
22
vs Industry
15
Median 3Y
18.5
Median 5Y
17
Industry
10.8
vs History
0
vs Industry
17
Median 3Y
1.5
Median 5Y
1.3
Industry
0.9

Multiples Across Competitors

AM Competitors Multiples
Antero Midstream Corp Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
US
Antero Midstream Corp
NYSE:AM
8.6B USD 7.8 21.6 13.5 17.8
CA
Enbridge Inc
TSX:ENB
138.2B CAD 2.6 27.3 15.4 23.5
US
Williams Companies Inc
NYSE:WMB
74.2B USD 7.1 33.4 17.9 29.8
US
Enterprise Products Partners LP
NYSE:EPD
72.6B USD 1.3 12.4 10.9 14.7
US
Energy Transfer LP
NYSE:ET
64.6B USD 0.8 14.7 8.7 13.5
US
Kinder Morgan Inc
NYSE:KMI
64B USD 4.2 24.7 13.9 21.4
US
ONEOK Inc
NYSE:OKE
59.7B USD 2.8 19.7 14.5 17.8
US
MPLX LP
NYSE:MPLX
54.3B USD 4.5 12.7 11 13.7
US
Cheniere Energy Inc
NYSE:LNG
52B USD 3.3 16 9.8 11.8
CA
TC Energy Corp
TSX:TRP
72.5B CAD 5.3 15.8 14.9 22
US
Targa Resources Corp
NYSE:TRGP
44.8B USD 2.7 35.3 14.2 21.7
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
US
Antero Midstream Corp
NYSE:AM
Average EV/EBITDA: 13.2
13.5
11%
1.2
CA
Enbridge Inc
TSX:ENB
15.4
14%
1.1
US
Williams Companies Inc
NYSE:WMB
17.9
16%
1.1
US
Enterprise Products Partners LP
NYSE:EPD
10.9
7%
1.6
US
Energy Transfer LP
NYSE:ET
8.7
9%
1
US
Kinder Morgan Inc
NYSE:KMI
13.9
11%
1.3
US
ONEOK Inc
NYSE:OKE
14.5
15%
1
US
MPLX LP
NYSE:MPLX
11
7%
1.6
US
Cheniere Energy Inc
NYSE:LNG
9.8
0%
N/A
CA
TC Energy Corp
TSX:TRP
14.9
13%
1.1
US
Targa Resources Corp
NYSE:TRGP
14.2
12%
1.2
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
US
Antero Midstream Corp
NYSE:AM
Average EV/EBIT: 18.9
17.8
11%
1.6
CA
Enbridge Inc
TSX:ENB
23.5
11%
2.1
US
Williams Companies Inc
NYSE:WMB
29.8
15%
2
US
Enterprise Products Partners LP
NYSE:EPD
14.7
7%
2.1
US
Energy Transfer LP
NYSE:ET
13.5
9%
1.5
US
Kinder Morgan Inc
NYSE:KMI
21.4
13%
1.6
US
ONEOK Inc
NYSE:OKE
17.8
14%
1.3
US
MPLX LP
NYSE:MPLX
13.7
6%
2.3
US
Cheniere Energy Inc
NYSE:LNG
11.8
0%
N/A
CA
TC Energy Corp
TSX:TRP
22
16%
1.4
US
Targa Resources Corp
NYSE:TRGP
21.7
16%
1.4