KINETIK HOLDINGS INC (KNTK)
US02215L2097 - Common Stock
Overall KNTK gets a fundamental rating of 3 out of 10. We evaluated KNTK against 214 industry peers in the Oil, Gas & Consumable Fuels industry. KNTK has a bad profitability rating. Also its financial health evaluation is rather negative. While showing a medium growth rate, KNTK is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
In the past year KNTK was profitable.
In the past year KNTK had a positive cash flow from operations.
In multiple years KNTK reported negative net income over the last 5 years.
KNTK had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of KNTK (4.19%) is worse than 64.32% of its industry peers.
KNTK's Return On Invested Capital of 2.26% is on the low side compared to the rest of the industry. KNTK is outperformed by 79.81% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for KNTK is significantly below the industry average of 45.95%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.19% | ||
| ROE | N/A | ||
| ROIC | 2.26% |
ROA(3y)1.47%
ROA(5y)-4.01%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)2.53%
ROIC(5y)2.24%
1.3 Margins
KNTK has a Profit Margin of 21.66%. This is comparable to the rest of the industry: KNTK outperforms 57.75% of its industry peers.
In the last couple of years the Profit Margin of KNTK has grown nicely.
KNTK has a worse Operating Margin (14.22%) than 64.32% of its industry peers.
In the last couple of years the Operating Margin of KNTK has declined.
KNTK's Gross Margin of 57.23% is fine compared to the rest of the industry. KNTK outperforms 61.50% of its industry peers.
In the last couple of years the Gross Margin of KNTK has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 14.22% | ||
| PM (TTM) | 21.66% | ||
| GM | 57.23% |
OM growth 3Y-30.63%
OM growth 5YN/A
PM growth 3Y125.56%
PM growth 5YN/A
GM growth 3Y-7.75%
GM growth 5Y14.03%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), KNTK is destroying value.
Compared to 1 year ago, KNTK has more shares outstanding
The number of shares outstanding for KNTK has been increased compared to 5 years ago.
Compared to 1 year ago, KNTK has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 0.64, we must say that KNTK is in the distress zone and has some risk of bankruptcy.
KNTK's Altman-Z score of 0.64 is on the low side compared to the rest of the industry. KNTK is outperformed by 64.79% of its industry peers.
KNTK has a debt to FCF ratio of 13.98. This is a negative value and a sign of low solvency as KNTK would need 13.98 years to pay back of all of its debts.
The Debt to FCF ratio of KNTK (13.98) is worse than 63.85% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | N/A | ||
| Debt/FCF | 13.98 | ||
| Altman-Z | 0.64 |
ROIC/WACC0.3
WACC7.63%
2.3 Liquidity
KNTK has a Current Ratio of 1.03. This is a normal value and indicates that KNTK is financially healthy and should not expect problems in meeting its short term obligations.
KNTK has a Current ratio of 1.03. This is comparable to the rest of the industry: KNTK outperforms 41.31% of its industry peers.
A Quick Ratio of 1.02 indicates that KNTK should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.02, KNTK is in line with its industry, outperforming 51.17% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.03 | ||
| Quick Ratio | 1.02 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 18.32% over the past year.
Measured over the past years, KNTK shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -22.20% on average per year.
KNTK shows a small growth in Revenue. In the last year, the Revenue has grown by 3.53%.
The Revenue has been growing by 74.89% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)18.32%
EPS 3Y-22.2%
EPS 5YN/A
EPS growth Q2Q580%
Revenue 1Y (TTM)3.53%
Revenue growth 3Y103.81%
Revenue growth 5Y74.89%
Revenue growth Q2Q18.06%
3.2 Future
Based on estimates for the next years, KNTK will show a small growth in Earnings Per Share. The EPS will grow by 3.02% on average per year.
The Revenue is expected to grow by 11.02% on average over the next years. This is quite good.
EPS Next Y-14.56%
EPS Next 2Y1.07%
EPS Next 3Y3.02%
EPS Next 5YN/A
Revenue Next Year14.51%
Revenue Next 2Y16.09%
Revenue Next 3Y11.02%
Revenue Next 5YN/A
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.
Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
4. Valuation
4.1 Price/Earnings Ratio
KNTK is valuated rather expensively with a Price/Earnings ratio of 17.35.
68.54% of the companies in the same industry are cheaper than KNTK, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 25.20, KNTK is valued a bit cheaper.
With a Price/Forward Earnings ratio of 20.30, KNTK is valued on the expensive side.
Compared to the rest of the industry, the Price/Forward Earnings ratio of KNTK indicates a slightly more expensive valuation: KNTK is more expensive than 61.03% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 21.63. KNTK is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.35 | ||
| Fwd PE | 20.3 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, KNTK is valued a bit more expensive than the industry average as 76.06% of the companies are valued more cheaply.
Based on the Price/Free Cash Flow ratio, KNTK is valued a bit more expensive than 60.09% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 23.63 | ||
| EV/EBITDA | 20.84 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y1.07%
EPS Next 3Y3.02%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 7.77%, KNTK is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 5.79, KNTK pays a better dividend. On top of this KNTK pays more dividend than 80.75% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.44, KNTK pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.77% |
5.2 History
KNTK has been paying a dividend for less than 5 years, so it still needs to build a track record.
Dividend Growth(5Y)N/A
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
KNTK pays out 30.15% of its income as dividend. This is a sustainable payout ratio.
DP30.15%
EPS Next 2Y1.07%
EPS Next 3Y3.02%
KINETIK HOLDINGS INC
NYSE:KNTK (4/25/2024, 6:11:01 PM)
After market: 39.16 -0.04 (-0.1%)39.2
+0.01 (+0.03%)
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 Cap6.02B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.77% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
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EPS beat(8)
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EPS beat(16)
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Revenue beat(2)
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Revenue beat(16)
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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 | 17.35 | ||
| Fwd PE | 20.3 | ||
| 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 | 4.19% | ||
| ROE | N/A | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 14.22% | ||
| PM (TTM) | 21.66% | ||
| GM | 57.23% | ||
| 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 Turnover0.19
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | N/A | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.03 | ||
| Quick Ratio | 1.02 | ||
| 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)18.32%
EPS 3Y-22.2%
EPS 5Y
EPS growth Q2Q
EPS Next Y-14.56%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)3.53%
Revenue growth 3Y103.81%
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