EQUITRANS MIDSTREAM CORP (ETRN)
US2946001011 - Common Stock
Overall ETRN gets a fundamental rating of 3 out of 10. We evaluated ETRN against 214 industry peers in the Oil, Gas & Consumable Fuels industry. ETRN has a medium profitability rating, but doesn't score so well on its financial health evaluation. ETRN is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year ETRN was profitable.
ETRN had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: ETRN reported negative net income in multiple years.
Each year in the past 5 years ETRN had a positive operating cash flow.
1.2 Ratios
With a Return On Assets value of 3.33%, ETRN is not doing good in the industry: 67.29% of the companies in the same industry are doing better.
ETRN's Return On Equity of 22.40% is fine compared to the rest of the industry. ETRN outperforms 67.76% of its industry peers.
ETRN's Return On Invested Capital of 4.60% is on the low side compared to the rest of the industry. ETRN is outperformed by 70.09% of its industry peers.
The Average Return On Invested Capital over the past 3 years for ETRN is significantly below the industry average of 44.55%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.33% | ||
| ROE | 22.4% | ||
| ROIC | 4.6% |
ROA(3y)-4.45%
ROA(5y)-2.44%
ROE(3y)-21.93%
ROE(5y)-17.37%
ROIC(3y)5.32%
ROIC(5y)5.81%
1.3 Margins
With a decent Profit Margin value of 28.51%, ETRN is doing good in the industry, outperforming 68.22% of the companies in the same industry.
ETRN's Profit Margin has improved in the last couple of years.
ETRN has a better Operating Margin (47.47%) than 83.18% of its industry peers.
ETRN's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 86.95%, ETRN belongs to the top of the industry, outperforming 91.59% of the companies in the same industry.
ETRN's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 47.47% | ||
| PM (TTM) | 28.51% | ||
| GM | 86.95% |
OM growth 3Y-6.38%
OM growth 5Y-5.82%
PM growth 3Y5.27%
PM growth 5Y13.69%
GM growth 3Y-0.96%
GM growth 5Y-0.42%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so ETRN is destroying value.
ETRN has about the same amout of shares outstanding than it did 1 year ago.
The number of shares outstanding for ETRN has been increased compared to 5 years ago.
ETRN has a better debt/assets ratio than last year.
2.2 Solvency
ETRN has an Altman-Z score of 0.29. This is a bad value and indicates that ETRN is not financially healthy and even has some risk of bankruptcy.
ETRN has a worse Altman-Z score (0.29) than 69.63% of its industry peers.
ETRN has a debt to FCF ratio of 13.59. This is a negative value and a sign of low solvency as ETRN would need 13.59 years to pay back of all of its debts.
ETRN's Debt to FCF ratio of 13.59 is on the low side compared to the rest of the industry. ETRN is outperformed by 62.15% of its industry peers.
ETRN has a Debt/Equity ratio of 4.26. This is a high value indicating a heavy dependency on external financing.
ETRN has a worse Debt to Equity ratio (4.26) than 89.25% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 4.26 | ||
| Debt/FCF | 13.59 | ||
| Altman-Z | 0.29 |
ROIC/WACC0.66
WACC7.01%
2.3 Liquidity
ETRN has a Current Ratio of 0.63. This is a bad value and indicates that ETRN is not financially healthy enough and could expect problems in meeting its short term obligations.
ETRN's Current ratio of 0.63 is on the low side compared to the rest of the industry. ETRN is outperformed by 85.98% of its industry peers.
ETRN has a Quick Ratio of 0.63. This is a bad value and indicates that ETRN is not financially healthy enough and could expect problems in meeting its short term obligations.
ETRN has a worse Quick ratio (0.63) than 81.78% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.63 | ||
| Quick Ratio | 0.63 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 63.64% over the past year.
The Earnings Per Share has been decreasing by -3.69% on average over the past years.
The Revenue has decreased by -0.72% in the past year.
The Revenue has been decreasing by -1.39% on average over the past years.
EPS 1Y (TTM)63.64%
EPS 3Y-11.86%
EPS 5Y-3.69%
EPS growth Q2Q4.55%
Revenue 1Y (TTM)-0.72%
Revenue growth 3Y-2.65%
Revenue growth 5Y-1.39%
Revenue growth Q2Q-3.2%
3.2 Future
Based on estimates for the next years, ETRN will show a quite strong growth in Earnings Per Share. The EPS will grow by 10.69% on average per year.
The Revenue is expected to grow by 5.55% on average over the next years.
EPS Next Y-9%
EPS Next 2Y4.89%
EPS Next 3Y8.81%
EPS Next 5Y10.69%
Revenue Next Year6.93%
Revenue Next 2Y6.44%
Revenue Next 3Y2.06%
Revenue Next 5Y5.55%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
ETRN is valuated correctly with a Price/Earnings ratio of 15.18.
63.08% of the companies in the same industry are cheaper than ETRN, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of ETRN to the average of the S&P500 Index (28.28), we can say ETRN is valued slightly cheaper.
ETRN is valuated correctly with a Price/Forward Earnings ratio of 13.95.
ETRN's Price/Forward Earnings ratio is in line with the industry average.
ETRN's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 20.88.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.18 | ||
| Fwd PE | 13.95 |
4.2 Price Multiples
74.77% of the companies in the same industry are cheaper than ETRN, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, ETRN is valued a bit cheaper than 63.08% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.34 | ||
| EV/EBITDA | 13.63 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y4.89%
EPS Next 3Y8.81%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.46%, ETRN is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 5.85, ETRN pays a bit more dividend than its industry peers.
ETRN's Dividend Yield is rather good when compared to the S&P500 average which is at 2.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.46% |
5.2 History
The dividend of ETRN decreases each year by -30.14%.
ETRN has been paying a dividend for over 5 years, so it has already some track record.
ETRN has decreased its dividend in the last 3 years.
Dividend Growth(5Y)-30.14%
Div Incr Years0
Div Non Decr Years2
5.3 Sustainability
ETRN pays out 80.84% of its income as dividend. This is not a sustainable payout ratio.
DP80.84%
EPS Next 2Y4.89%
EPS Next 3Y8.81%
EQUITRANS MIDSTREAM CORP
NYSE:ETRN (5/3/2024, 7:04:00 PM)
After market: 13.77 +0.11 (+0.81%)13.66
+0.22 (+1.64%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap5.92B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.46% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.18 | ||
| Fwd PE | 13.95 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.33% | ||
| ROE | 22.4% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 47.47% | ||
| PM (TTM) | 28.51% | ||
| GM | 86.95% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.12
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 4.26 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.63 | ||
| Quick Ratio | 0.63 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)63.64%
EPS 3Y-11.86%
EPS 5Y
EPS growth Q2Q
EPS Next Y-9%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-0.72%
Revenue growth 3Y-2.65%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y