Hess Midstream LP
NYSE:HESM

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Hess Midstream LP
NYSE:HESM
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Price: 36.01 USD -0.52% Market Closed
Market Cap: 7.9B USD
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Relative Value

The Relative Value of one HESM stock under the Base Case scenario is 43.73 USD. Compared to the current market price of 36.01 USD, Hess Midstream LP is Undervalued by 18%.

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
43.73 USD
Undervaluation 18%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

5.5
P/S
P/S
Price to Sales
5.5
vs History
42
vs Industry
19
Median 3Y
5.4
Median 5Y
5.4
Industry
1.2
Forward
5.3
More Details
41.8
P/E
P/E
Price to Earnings
41.8
vs History
88
vs Industry
3
Median 3Y
76.4
Median 5Y
79.3
Industry
9.4
Forward
14.8
More Details
8.6
P/OCF
P/OCF
Price to OCF
8.6
vs History
28
vs Industry
11
Median 3Y
8.3
Median 5Y
8.3
Industry
4.7
More Details
7.4
P/FCFE
P/FCFE
Price to FCFE
7.4
vs History
42
vs Industry
26
Median 3Y
7.3
Median 5Y
6.9
Industry
9.7
More Details
17.1
P/B
P/B
Price to Book Value
17.1
vs History
88
vs Industry
1
Median 3Y
23.9
Median 5Y
28.6
Industry
1.1
More Details
7.8
EV/S
EV/S
Enterprise Value to Sales
7.8
vs History
38
vs Industry
19
Median 3Y
7.7
Median 5Y
7.6
Industry
1.7
Forward
7.5
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
4.3
More Details
10.5
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
10.5
vs History
36
vs Industry
13
Median 3Y
10.3
Median 5Y
10.2
Industry
5.8
Forward
9.8
More Details
12.9
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
12.9
vs History
41
vs Industry
15
Median 3Y
12.7
Median 5Y
12.5
Industry
8.3
Forward
12
More Details
12.4
EV/OCF
EV/OCF
Enterprise Value to OCF
12.4
vs History
22
vs Industry
12
Median 3Y
11.8
Median 5Y
11.6
Industry
6.3
More Details
16.7
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
16.7
vs History
49
vs Industry
15
Median 3Y
15.9
Median 5Y
16.3
Industry
10.4
More Details
2.9
EV/IC
EV/IC
Enterprise Value to IC
2.9
vs History
14
vs Industry
12
Median 3Y
2.8
Median 5Y
2.7
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
All Countries
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
US
Hess Midstream LP
NYSE:HESM
8.1B USD 5.5 41.8 10.5 12.9
CA
Enbridge Inc
TSX:ENB
130.1B CAD 2.7 20.7 15.3 23.6
US
Enterprise Products Partners LP
NYSE:EPD
66.9B USD 1.2 11.5 10.3 13.9
US
Williams Companies Inc
NYSE:WMB
65.6B USD 6.2 22.8 15.4 24.6
US
Energy Transfer LP
NYSE:ET
65.1B USD 0.8 14.2 9 13.7
US
Kinder Morgan Inc
NYSE:KMI
60B USD 4 23.7 13.6 20.9
US
ONEOK Inc
NYSE:OKE
58.6B USD 2.9 21 15.2 18.6
US
MPLX LP
NYSE:MPLX
48.6B USD 4.1 11.3 10 12.3
CA
TC Energy Corp
TSX:TRP
68.7B CAD 4.1 13.5 13.4 19
US
Cheniere Energy Inc
NYSE:LNG
47.1B USD 2.9 12.9 8.4 9.9
US
Targa Resources Corp
NYSE:TRGP
38.8B USD 2.4 31.5 13 19.9
P/E Multiple
Earnings Growth P/E to Growth
US
Hess Midstream LP
NYSE:HESM
Average P/E: 20.5
41.8
574%
0.1
CA
Enbridge Inc
TSX:ENB
20.7
20%
1
US
Enterprise Products Partners LP
NYSE:EPD
11.5
20%
0.6
US
Williams Companies Inc
NYSE:WMB
22.8
-9%
N/A
US
Energy Transfer LP
NYSE:ET
14.2
70%
0.2
US
Kinder Morgan Inc
NYSE:KMI
23.7
30%
0.8
US
ONEOK Inc
NYSE:OKE
21
46%
0.5
US
MPLX LP
NYSE:MPLX
11.3
24%
0.5
CA
TC Energy Corp
TSX:TRP
13.5
51%
0.3
US
Cheniere Energy Inc
NYSE:LNG
12.9
-71%
N/A
US
Targa Resources Corp
NYSE:TRGP
31.5
142%
0.2
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
US
Hess Midstream LP
NYSE:HESM
Average EV/EBITDA: 12.2
10.5
39%
0.3
CA
Enbridge Inc
TSX:ENB
15.3
51%
0.3
US
Enterprise Products Partners LP
NYSE:EPD
10.3
24%
0.4
US
Williams Companies Inc
NYSE:WMB
15.4
28%
0.6
US
Energy Transfer LP
NYSE:ET
9
37%
0.2
US
Kinder Morgan Inc
NYSE:KMI
13.6
33%
0.4
US
ONEOK Inc
NYSE:OKE
15.2
80%
0.2
US
MPLX LP
NYSE:MPLX
10
20%
0.5
CA
TC Energy Corp
TSX:TRP
13.4
22%
0.6
US
Cheniere Energy Inc
NYSE:LNG
8.4
-56%
N/A
US
Targa Resources Corp
NYSE:TRGP
13
30%
0.4
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
US
Hess Midstream LP
NYSE:HESM
Average EV/EBIT: 17.2
12.9
45%
0.3
CA
Enbridge Inc
TSX:ENB
23.6
55%
0.4
US
Enterprise Products Partners LP
NYSE:EPD
13.9
27%
0.5
US
Williams Companies Inc
NYSE:WMB
24.6
28%
0.9
US
Energy Transfer LP
NYSE:ET
13.7
42%
0.3
US
Kinder Morgan Inc
NYSE:KMI
20.9
26%
0.8
US
ONEOK Inc
NYSE:OKE
18.6
49%
0.4
US
MPLX LP
NYSE:MPLX
12.3
19%
0.6
CA
TC Energy Corp
TSX:TRP
19
25%
0.8
US
Cheniere Energy Inc
NYSE:LNG
9.9
-62%
N/A
US
Targa Resources Corp
NYSE:TRGP
19.9
-8%
N/A

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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