Hess Midstream LP
NYSE:HESM

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Hess Midstream LP Logo
Hess Midstream LP
NYSE:HESM
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Price: 42.98 USD 0.54% Market Closed
Market Cap: 9.8B USD
Section:
Relative Value
Relative Value
Valuation Multiples
Multiples Across Competitors
See Also

Relative Value

The Relative Value of one HESM stock under the Base Case scenario is 45.82 USD. Compared to the current market price of 42.98 USD, Hess Midstream LP is Undervalued by 6%.

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.

HESM Relative Value
Base Case
45.82 USD
Undervaluation 6%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

6.3
P/S
P/S
Price to Sales
6.3
vs History
0
vs Industry
19
Median 3Y
5
Median 5Y
4.9
Industry
1.2
Forward
5.5
More Details
42
P/E
P/E
Price to Earnings
42
vs History
88
vs Industry
3
Median 3Y
67.3
Median 5Y
72
Industry
10
Forward
14.3
More Details
10
P/OCF
P/OCF
Price to OCF
10
vs History
0
vs Industry
11
Median 3Y
7.6
Median 5Y
7.4
Industry
4.9
More Details
10.4
P/FCFE
P/FCFE
Price to FCFE
10.4
vs History
6
vs Industry
26
Median 3Y
7.2
Median 5Y
6.8
Industry
9.9
More Details
17.7
P/B
P/B
Price to Book Value
17.7
vs History
79
vs Industry
1
Median 3Y
21.1
Median 5Y
25.1
Industry
1.2
More Details
8.6
EV/S
EV/S
Enterprise Value to Sales
8.6
vs History
0
vs Industry
19
Median 3Y
7.4
Median 5Y
7.1
Industry
1.7
Forward
7.6
More Details
N/A
EV/GP
EV/GP
Enterprise Value to Gross Profit
N/A
vs History
vs Industry
Median 3Y
0
Median 5Y
0
Industry
4.5
More Details
11.4
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
11.4
vs History
1
vs Industry
13
Median 3Y
9.7
Median 5Y
9.5
Industry
5.9
Forward
9.9
More Details
13.9
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
13.9
vs History
3
vs Industry
15
Median 3Y
12
Median 5Y
11.7
Industry
8.3
Forward
12
More Details
13.6
EV/OCF
EV/OCF
Enterprise Value to OCF
13.6
vs History
0
vs Industry
12
Median 3Y
11.2
Median 5Y
10.8
Industry
6.4
More Details
20.1
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
20.1
vs History
14
vs Industry
15
Median 3Y
15.1
Median 5Y
16.2
Industry
10.8
More Details
3.2
EV/IC
EV/IC
Enterprise Value to IC
3.2
vs History
0
vs Industry
12
Median 3Y
2.7
Median 5Y
2.5
Industry
0.9
More Details

Multiples Across Competitors

HESM Competitors Multiples
Hess Midstream LP Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
Market Cap P/S P/E EV/EBITDA EV/EBIT
US
Hess Midstream LP
NYSE:HESM
9.4B USD 6.3 42 11.4 13.9
CA
Enbridge Inc
TSX:ENB
138B CAD 2.6 27.3 15.4 23.5
US
Williams Companies Inc
NYSE:WMB
74.5B USD 7.1 33.5 17.9 29.8
US
Enterprise Products Partners LP
NYSE:EPD
72.9B USD 1.3 12.5 11 14.8
US
Energy Transfer LP
NYSE:ET
64.6B USD 0.8 14.7 8.7 13.5
US
Kinder Morgan Inc
NYSE:KMI
63.8B USD 4.2 24.6 13.9 21.3
US
ONEOK Inc
NYSE:OKE
59.7B USD 2.7 19.7 14.5 17.8
US
MPLX LP
NYSE:MPLX
54.8B USD 4.6 12.8 11.1 13.8
US
Cheniere Energy Inc
NYSE:LNG
52.3B USD 3.3 16.1 9.9 11.9
CA
TC Energy Corp
TSX:TRP
73.3B CAD 5.3 16 15 22.2
US
Targa Resources Corp
NYSE:TRGP
44.6B USD 2.7 35.2 14.1 21.6
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
US
Hess Midstream LP
NYSE:HESM
Average EV/EBITDA: 13
11.4
11%
1
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
11
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
11.1
7%
1.6
US
Cheniere Energy Inc
NYSE:LNG
9.9
0%
N/A
CA
TC Energy Corp
TSX:TRP
15
13%
1.2
US
Targa Resources Corp
NYSE:TRGP
14.1
12%
1.2
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
US
Hess Midstream LP
NYSE:HESM
Average EV/EBIT: 18.5
13.9
12%
1.2
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
14.8
7%
2.1
US
Energy Transfer LP
NYSE:ET
13.5
9%
1.5
US
Kinder Morgan Inc
NYSE:KMI
21.3
13%
1.6
US
ONEOK Inc
NYSE:OKE
17.8
14%
1.3
US
MPLX LP
NYSE:MPLX
13.8
6%
2.3
US
Cheniere Energy Inc
NYSE:LNG
11.9
0%
N/A
CA
TC Energy Corp
TSX:TRP
22.2
16%
1.4
US
Targa Resources Corp
NYSE:TRGP
21.6
16%
1.4

See Also

Summary
HESM intrinsic value, competitors valuation, and company profile.
DCF Valuation
HESM stock valuation using Discount Cash Flow valuation method.
Relative Valuation
HESM stock valuation using valuation multiples.
Wall Street Estimates
HESM price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
HESM stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
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