Western Midstream Partners LP
NYSE:WES

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Western Midstream Partners LP
NYSE:WES
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Price: 38.17 USD -0.5% Market Closed
Market Cap: 14.5B USD
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Relative Value

The Relative Value of one WES stock under the Base Case scenario is 48.59 USD. Compared to the current market price of 38.17 USD, Western Midstream Partners LP is Undervalued by 21%.

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.

WES Relative Value
Base Case
48.59 USD
Undervaluation 21%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

4.1
P/S
P/S
Price to Sales
4.1
vs History
12
vs Industry
21
Median 3Y
3.3
Median 5Y
3
Industry
1.2
Forward
4
More Details
9.7
P/E
P/E
Price to Earnings
9.7
vs History
36
vs Industry
20
Median 3Y
9.7
Median 5Y
9.3
Industry
9.4
Forward
9.6
More Details
7.1
P/OCF
P/OCF
Price to OCF
7.1
vs History
14
vs Industry
13
Median 3Y
5.9
Median 5Y
5.1
Industry
4.7
More Details
9.4
P/FCFE
P/FCFE
Price to FCFE
9.4
vs History
63
vs Industry
21
Median 3Y
13
Median 5Y
11
Industry
9.7
More Details
4.5
P/B
P/B
Price to Book Value
4.5
vs History
6
vs Industry
6
Median 3Y
3.6
Median 5Y
3.2
Industry
1.1
More Details
6.1
EV/S
EV/S
Enterprise Value to Sales
6.1
vs History
14
vs Industry
21
Median 3Y
5.5
Median 5Y
5.3
Industry
1.7
Forward
5.8
More Details
6.4
EV/GP
EV/GP
Enterprise Value to Gross Profit
6.4
vs History
19
vs Industry
26
Median 3Y
6.2
Median 5Y
5.9
Industry
4.3
More Details
9.9
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
9.9
vs History
19
vs Industry
13
Median 3Y
9.4
Median 5Y
8.8
Industry
5.8
Forward
9
More Details
14.1
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
14.1
vs History
25
vs Industry
12
Median 3Y
13.6
Median 5Y
12.6
Industry
8.3
Forward
12
More Details
10.5
EV/OCF
EV/OCF
Enterprise Value to OCF
10.5
vs History
22
vs Industry
13
Median 3Y
9.7
Median 5Y
9.4
Industry
6.3
More Details
17.1
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
17.1
vs History
39
vs Industry
12
Median 3Y
14.4
Median 5Y
14.4
Industry
10.4
More Details
1.9
EV/IC
EV/IC
Enterprise Value to IC
1.9
vs History
7
vs Industry
19
Median 3Y
1.6
Median 5Y
1.5
Industry
0.9
More Details

Multiples Across Competitors

WES Competitors Multiples
Western Midstream Partners 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
Western Midstream Partners LP
NYSE:WES
14.7B USD 4.1 9.7 9.9 14.1
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
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
US
Western Midstream Partners LP
NYSE:WES
Average EV/EBITDA: 12.1
9.9
37%
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
Western Midstream Partners LP
NYSE:WES
Average EV/EBIT: 17.3
14.1
50%
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
WES intrinsic value, competitors valuation, and company profile.
DCF Valuation
WES stock valuation using Discount Cash Flow valuation method.
Relative Valuation
WES stock valuation using valuation multiples.
Wall Street Estimates
WES 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
WES 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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