DT Midstream Inc
NYSE:DTM
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EV/IC
Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.
Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.
Valuation Scenarios
If EV/IC returns to its 3-Year Average (1.2), the stock would be worth $96.67 (30% downside from current price).
| Scenario | EV/IC Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 1.7 | $138.79 |
0%
|
| 3-Year Average | 1.2 | $96.67 |
-30%
|
| 5-Year Average | 1 | $78.46 |
-43%
|
| Industry Average | 1.1 | $92.05 |
-34%
|
| Country Average | 1.5 | $120.51 |
-13%
|
Forward EV/IC
Today’s price vs future invested capital
Peer Comparison
| Market Cap | EV/IC | P/E | ||||
|---|---|---|---|---|---|---|
| US |
|
DT Midstream Inc
NYSE:DTM
|
14.1B USD | 1.7 | 31.2 | |
| CA |
|
Enbridge Inc
TSX:ENB
|
158.4B CAD | 1.2 | 22.2 | |
| US |
|
Williams Companies Inc
NYSE:WMB
|
89.6B USD | 2.1 | 34.2 | |
| US |
|
Enterprise Products Partners LP
NYSE:EPD
|
83.9B USD | 1.5 | 14.6 | |
| US |
|
Kinder Morgan Inc
NYSE:KMI
|
70.8B USD | 1.4 | 21.5 | |
| US |
|
Energy Transfer LP
NYSE:ET
|
68B USD | 1 | 16.3 | |
| CA |
|
TC Energy Corp
TSX:TRP
|
89.7B CAD | 1.3 | 26.7 | |
| US |
|
ONEOK Inc
NYSE:OKE
|
56.2B USD | 1.4 | 16.6 | |
| US |
|
MPLX LP
NYSE:MPLX
|
56.6B USD | 1.9 | 11.5 | |
| US |
|
Cheniere Energy Inc
NYSE:LNG
|
57.2B USD | 1.7 | 10.7 | |
| US |
|
Targa Resources Corp
NYSE:TRGP
|
53.7B USD | 3 | 29.2 |
Market Distribution
| Min | 0 |
| 30th Percentile | 0.9 |
| Median | 1.5 |
| 70th Percentile | 2.9 |
| Max | 566 432.7 |
Other Multiples
DT Midstream Inc
Glance View
DT Midstream Inc. stands as a pivotal player in the realm of energy infrastructure, strategically positioned in the heart of North America's natural gas industry. Emerging from the well-established roots of DTE Energy, the company was spun off in 2021, taking with it a rich lineage of experience and expertise. DT Midstream's operations are intricately woven around the transportation and storage of natural gas, a critical component for ensuring energy reliability and delivery across vast regions. With an extensive network of natural gas pipelines and storage systems, the company effectively connects major supply basins with key markets and customers. This comprehensive infrastructure network enables it to facilitate the seamless movement of gas, providing essential services to various stakeholders including utilities, power plants, and industrial facilities. Revenue generation for DT Midstream is predominantly driven by its fee-based business model, where the company earns from capacity reservations and volumetric throughput. This stable income stream is structured through long-term contracts, insulating the company from the volatile swings of commodity prices. By focusing on expanding and optimizing its existing assets, DT Midstream seeks to capture growth opportunities that align with increasing demand for cleaner energy sources. As natural gas continues to play a significant role in the transition toward a low-carbon future, DT Midstream is poised to maintain and potentially grow its position as a vital conduit within the energy sector, combining strategic operations with forward-thinking initiatives to cater to evolving market needs.