The Discounted Cash Flow (DCF) valuation of EnLink Midstream LLC (ENLC) is 17.57 USD. With the latest stock price at 14.12 USD, the upside of EnLink Midstream LLC based on DCF is 24.4%.
Based on the latest price of 14.12 USD and our DCF valuation, EnLink Midstream LLC (ENLC) is a buy. Buying ENLC stocks now will result in a potential gain of 24.4%.
Range | Selected | |
WACC / Discount Rate | 6.2% - 8.2% | 7.2% |
Long-term Growth Rate | 1.0% - 3.0% | 2.0% |
Fair Price | 10.4 - 33.5 | 17.57 |
Upside | -26.3% - 137.3% | 24.4% |
(USD in millions) | Projections | |||||
12-2023 | 12-2024 | 12-2025 | 12-2026 | 12-2027 | 12-2028 | |
Revenue | 6,900 | 7,325 | 8,373 | 8,423 | 8,710 | 8,884 |
% Growth | 28% | 6% | 14% | 1% | 3% | 2% |
Cost of goods sold | (4,856) | (5,155) | (5,893) | (5,928) | (6,130) | (6,252) |
% of Revenue | 70% | 70% | 70% | 70% | 70% | 70% |
Selling, G&A expenses | (119) | (127) | (145) | (145) | (150) | (153) |
% of Revenue | 2% | 2% | 2% | 2% | 2% | 2% |
Research & Development | 0 | 0 | 0 | 0 | 0 | 0 |
% of Revenue | 0% | 0% | 0% | 0% | 0% | 0% |
Net interest & other expenses | (1,512) | (1,605) | (1,835) | (1,846) | (1,909) | (1,947) |
% of Revenue | 22% | 22% | 22% | 22% | 22% | 22% |
Tax expense | (63) | (67) | (76) | (77) | (79) | (81) |
Tax rate | 15% | 15% | 15% | 15% | 15% | 15% |
Net profit | 350 | 372 | 425 | 427 | 442 | 451 |
% Margin | 5% | 5% | 5% | 5% | 5% | 5% |