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EnLink Midstream

DB:0E41
Snowflake Description

Reasonable growth potential and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
0E41
DB
$488M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

EnLink Midstream, LLC focuses on providing midstream energy services in the United States. The last earnings update was 42 days ago. More info.


Add to Portfolio Compare Print
  • EnLink Midstream is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • EnLink Midstream has significant price volatility in the past 3 months.
0E41 Share Price and Events
7 Day Returns
12.7%
DB:0E41
6.5%
DE Oil and Gas
2.1%
DE Market
1 Year Returns
-90.9%
DB:0E41
28.1%
DE Oil and Gas
-16.6%
DE Market
0E41 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
EnLink Midstream (0E41) 12.7% -45.1% -80.4% -90.9% - -
DE Oil and Gas 6.5% -7.3% -23.7% 28.1% -18.9% 149.7%
DE Market 2.1% -12.6% -22.9% -16.6% -21.9% -27.8%
1 Year Return vs Industry and Market
  • 0E41 underperformed the Oil and Gas industry which returned 28.1% over the past year.
  • 0E41 underperformed the Market in Germany which returned -16.6% over the past year.
Price Volatility
0E41
Industry
5yr Volatility vs Market

Value

 Is EnLink Midstream undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of EnLink Midstream to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for EnLink Midstream.

DB:0E41 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 7 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:0E41
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.95
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.948 (1 + (1- 21%) (999.53%))
5.98
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (2 * 5.44%)
10.49%

Discounted Cash Flow Calculation for DB:0E41 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for EnLink Midstream is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:0E41 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.49%)
2020 489.11 Analyst x3 442.67
2021 522.49 Analyst x3 427.99
2022 445.30 Analyst x1 330.13
2023 353.30 Analyst x1 237.06
2024 328.00 Analyst x1 199.19
2025 311.96 Est @ -4.89% 171.46
2026 300.92 Est @ -3.54% 149.69
2027 293.11 Est @ -2.59% 131.96
2028 287.44 Est @ -1.93% 117.12
2029 283.22 Est @ -1.47% 104.45
Present value of next 10 years cash flows $2,311.00
DB:0E41 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $283.22 × (1 + -0.39%) ÷ (10.49% – -0.39%)
$2,592.94
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $2,592.94 ÷ (1 + 10.49%)10
$956.23
DB:0E41 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $2,311.00 + $956.23
$3,267.23
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $3,267.23 / 488.45
$6.69
DB:0E41 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:0E41 represents 0.98909x of NYSE:ENLC
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.98909x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 6.69 x 0.98909
€6.62
Value per share (EUR) From above. €6.62
Current discount Discount to share price of €0.99
= -1 x (€0.99 - €6.62) / €6.62
85.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price EnLink Midstream is available for.
Intrinsic value
>50%
Share price is €0.99 vs Future cash flow value of €6.62
Current Discount Checks
For EnLink Midstream to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • EnLink Midstream's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • EnLink Midstream's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for EnLink Midstream's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are EnLink Midstream's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:0E41 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $-2.38
NYSE:ENLC Share Price ** NYSE (2020-04-07) in USD $1
Europe Oil and Gas Industry PE Ratio Median Figure of 104 Publicly-Listed Oil and Gas Companies 6.51x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 16.83x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of EnLink Midstream.

DB:0E41 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:ENLC Share Price ÷ EPS (both in USD)

= 1 ÷ -2.38

-0.42x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • EnLink Midstream is loss making, we can't compare its value to the Europe Oil and Gas industry average.
  • EnLink Midstream is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does EnLink Midstream's expected growth come at a high price?
Raw Data
DB:0E41 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.42x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
123.7%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 66 Publicly-Listed Oil and Gas Companies 0.32x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.22x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for EnLink Midstream, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on EnLink Midstream's assets?
Raw Data
DB:0E41 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $4.36
NYSE:ENLC Share Price * NYSE (2020-04-07) in USD $1
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 1x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.45x
DB:0E41 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:ENLC Share Price ÷ Book Value per Share (both in USD)

= 1 ÷ 4.36

0.23x

* Primary Listing of EnLink Midstream.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • EnLink Midstream is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess EnLink Midstream's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. EnLink Midstream has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is EnLink Midstream expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
123.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is EnLink Midstream expected to grow at an attractive rate?
  • EnLink Midstream's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • EnLink Midstream's earnings growth is expected to exceed the Germany market average.
  • EnLink Midstream's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:0E41 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:0E41 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 123.7%
DB:0E41 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 8%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13.1%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 1.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:0E41 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:0E41 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 8,862 1
2023-12-31 8,532 1
2022-12-31 7,935 630 94 3
2021-12-31 6,988 802 62 7
2020-12-31 6,371 830 68 4
2020-04-08
DB:0E41 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 6,039 992 -1,106
2019-09-30 6,914 1,086 -239
2019-06-30 7,633 940 -243
2019-03-31 7,710 918 -200
2018-12-31 7,694 848 -13
2018-09-30 7,420 711 247
2018-06-30 6,704 800 246
2018-03-31 6,186 716 224
2017-12-31 5,744 700 210
2017-09-30 5,214 682 6
2017-06-30 4,916 691 1
2017-03-31 4,693 650 -4

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • EnLink Midstream's earnings are expected to grow significantly at over 20% yearly.
  • EnLink Midstream's revenue is expected to grow by 8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:0E41 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from EnLink Midstream Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:0E41 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 0.19 0.27 0.11 2.00
2021-12-31 0.08 0.26 -0.03 6.00
2020-12-31 0.15 0.21 0.08 6.00
2020-04-08
DB:0E41 Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 -2.38
2019-09-30 -0.62
2019-06-30 -0.78
2019-03-31 -0.85
2018-12-31 -0.07
2018-09-30 1.37
2018-06-30 1.36
2018-03-31 1.24
2017-12-31 1.16
2017-09-30 0.03
2017-06-30 0.01
2017-03-31 -0.02

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • EnLink Midstream is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess EnLink Midstream's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
EnLink Midstream has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has EnLink Midstream performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare EnLink Midstream's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • EnLink Midstream does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare EnLink Midstream's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare EnLink Midstream's 1-year growth to the Europe Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
EnLink Midstream's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from EnLink Midstream Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:0E41 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 6,038.50 -1,105.80 598.80
2019-09-30 6,914.00 -238.80 616.40
2019-06-30 7,633.20 -242.90 612.50
2019-03-31 7,710.00 -199.70 620.10
2018-12-31 7,693.80 -13.00 582.60
2018-09-30 7,420.10 247.40 574.30
2018-06-30 6,703.80 245.90 553.90
2018-03-31 6,185.90 224.20 543.80
2017-12-31 5,743.80 210.00 547.30
2017-09-30 5,213.90 6.30 538.20
2017-06-30 4,915.60 1.00 532.10
2017-03-31 4,692.50 -3.60 528.90
2016-12-31 4,263.50 -454.60 516.60
2016-09-30 4,097.80 -643.90 519.80
2016-06-30 4,158.10 -836.70 532.30
2016-03-31 4,392.50 -823.60 538.90
2015-12-31 4,442.70 -354.50 552.90
2015-09-30 4,355.10 -135.60 480.40
2015-06-30 4,046.10 85.00 444.80
2015-03-31 3,701.70 99.40 408.90
2014-12-31 3,485.70 88.90 380.90
2014-09-30 3,112.40 187.00 320.30
2014-06-30 2,834.20 162.70 262.70
2014-03-31 2,493.30 130.70 212.00
2013-12-31 2,295.90 119.10 201.30
2013-09-30 2,251.30 3.60 160.70
2013-06-30 2,156.80 9.80 123.70

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if EnLink Midstream has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if EnLink Midstream has efficiently used its assets last year compared to the Europe Oil and Gas industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if EnLink Midstream improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess EnLink Midstream's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
EnLink Midstream has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is EnLink Midstream's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up EnLink Midstream's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • EnLink Midstream's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • EnLink Midstream's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of EnLink Midstream's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from EnLink Midstream Company Filings, last reported 3 months ago.

DB:0E41 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 3,811.30 4,776.70 77.40
2019-09-30 4,868.90 4,703.70 102.20
2019-06-30 4,952.50 4,626.00 59.00
2019-03-31 5,090.70 4,475.60 0.70
2018-12-31 4,983.50 4,430.80 100.40
2018-09-30 5,381.60 4,336.80 64.80
2018-06-30 5,435.10 4,073.90 36.80
2018-03-31 5,476.90 3,915.10 17.20
2017-12-31 5,561.30 3,542.10 31.20
2017-09-30 5,440.90 3,540.50 141.90
2017-06-30 5,127.20 3,696.80 11.40
2017-03-31 5,218.90 3,521.10 15.00
2016-12-31 5,270.80 3,295.30 204.80
2016-09-30 5,365.90 3,245.20 60.10
2016-06-30 5,286.80 3,364.10 10.20
2016-03-31 5,366.70 3,204.20 5.80
2015-12-31 5,431.90 3,066.00 18.00
2015-09-30 6,262.30 2,851.50 82.50
2015-06-30 7,125.50 2,827.20 72.00
2015-03-31 7,237.50 2,493.70 109.80
2014-12-31 7,074.80 2,035.70 68.40
2014-09-30 6,657.90 1,853.90 39.50
2014-06-30 6,655.20 1,693.80 15.90
2014-03-31 6,600.80 1,732.50 221.20
2013-12-31 1,783.70 0.00
2013-09-30 1,842.30 0.00
2013-06-30 2,057.10 0.00
  • EnLink Midstream's level of debt (125.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (28.8% vs 125.3% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making EnLink Midstream has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making EnLink Midstream has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -23.3% per year.
X
Financial health checks
We assess EnLink Midstream's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. EnLink Midstream has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is EnLink Midstream's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
37.52%
Current annual income from EnLink Midstream dividends. Estimated to be 58.46% next year.
If you bought €2,000 of EnLink Midstream shares you are expected to receive €750 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • EnLink Midstream's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.67%).
  • EnLink Midstream's dividend is above the markets top 25% of dividend payers in Germany (4.71%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:0E41 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 8.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.7%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:0E41 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2024-12-31 0.57 2.00
2023-12-31 0.57 2.00
2022-12-31 0.63 6.00
2021-12-31 0.58 10.00
2020-12-31 0.58 10.00
2020-04-08
DB:0E41 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-03-24 0.375 36.458
2020-01-15 0.750 26.820
2019-10-15 1.132 19.892
2019-07-18 1.132 13.814
2019-04-18 1.116 10.437
2019-01-14 1.100 9.527
2018-10-18 1.084 9.365
2018-07-18 1.068 6.377
2018-04-19 1.052 6.488
2018-01-18 1.036 6.535
2017-10-20 1.020 6.126
2017-07-20 1.020 5.960
2017-04-21 1.020 5.838
2017-01-19 1.020 5.375
2016-10-20 1.020 5.797
2016-07-20 1.020 6.256
2016-04-21 1.020 6.738
2016-01-21 1.020 9.994
2015-10-21 1.020 6.529
2015-08-05 1.000 4.575
2015-04-23 0.980 3.121
2015-01-20 0.940 2.822
2014-10-22 0.920 2.648
2014-08-06 0.880 2.215
2014-08-05 0.880 2.351
2014-05-09 0.720 1.797
2014-05-06 0.720 2.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • EnLink Midstream has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • EnLink Midstream has only been paying a dividend for 6 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of EnLink Midstream's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (0.2x coverage).
X
Income/ dividend checks
We assess EnLink Midstream's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can EnLink Midstream afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. EnLink Midstream has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of EnLink Midstream's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Barry Davis
COMPENSATION $6,490,311
AGE 57
TENURE AS CEO 0.7 years
CEO Bio

Mr. Barry E. Davis has been Executive Chairman of Sabine Pipe Line LLC., Chandeleur Pipe Line LLC., and EnLink Midstream GP, LLC since January 2, 2018. He has been Chief Executive Officer and Chairman of EnLink Midstream Manager, LLC, the Managing Member of EnLink Midstream LLC since August 8, 2019. He has been Chairman and CEO of EnLink Midstream GP, LLC, General partner of EnLink Midstream Partners LP since August 2019 and served as its Executive Chairman since January 2, 2018 until August 2019. He served as Chief Executive Officer of EnLink Midstream, LLC since March 7, 2014 until January 2, 2018 and its Chairman since June 30, 2016 until January 2, 2018. Mr. Davis served as the Chief Executive Officer of EnLink Midstream GP LLC - general partner of EnLink Midstream Partners, LP and served as its President of EnLink Midstream GP LLC - general partner. He serves as the Chief Executive Officer and President at Enlink Midstream, Inc. He served as the Chief Executive Officer and served as President of Crosstex Energy LP. He serves as the President and Chief Executive Officer of Crosstex Crude Marketing, LLC. He also serves as the President and Chief Executive Officer of Enlink Midstream, Inc. He served as President of EnLink Midstream, LLC until September 2016. He founded EnLink Midstream Operating, LP (also known as Crosstex Energy Services, L.P) in 1996 and served as its Chairman, President and Chief Executive officer. He led the management buyout of the midstream assets of Comstock Natural Gas Inc. in December 1996, which transaction resulted in the formation of Crosstex Energy L.P.'s predecessor. He served as Chief Executive Officer at Chandeleur Pipe Line LLC until January 2, 2018. He served as the President and Chief Operating Officer of Comstock Natural Gas. He founded Ventana Natural Gas in June 1992. Prior to Ventana, he served as a Vice President of Marketing and Project Development of Endevco Inc. Before joined Endevco, he was employed by Enserch Exploration in the marketing group. He has been Executive Chairman of EnLink Midstream Manager since January 2, 2018. He served as Chairman of the Board of EnLink Midstream Manager, LLC since June 28, 2016 and as its Director since March 7, 2014. He has been Chairman of Enlink Midstream, Inc. since May 2008 and also has been its Director since 1996. He served as the Chairman of EnLink Midstream GP, LLC since June 22, 2016. He served as the Chairman of Enlink Midstream, Inc. since May 2008. He served as the Chairman of EnLink Midstream GP, LLC since May 2008. He has been Director at Kirby Corporation since 2015. He has been a Director of Enlink Midstream, Inc. since 1996 and EnLink Midstream GP, LLC since 1996. He serves as a Director of Crosstex Crude Marketing, LLC, Crosstex Energy Services, L.P. and New Public Rangers, L.L.C. Mr. Davis holds Bachelor of Business Administration in Finance from Texas Christian University.

CEO Compensation
  • Barry's compensation has increased whilst company is loss making.
  • Barry's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the EnLink Midstream management team in years:

2
Average Tenure
45.5
Average Age
  • The tenure for the EnLink Midstream management team is about average.
Management Team

Barry Davis

TITLE
Chairman & CEO of EnLink Midstream Manager
COMPENSATION
$6M
AGE
57
TENURE
0.7 yrs

Eric Batchelder

TITLE
Executive VP & CFO of EnLink Midstream Manager LLC
COMPENSATION
$2M
AGE
47
TENURE
2.3 yrs

Ben Lamb

TITLE
Executive VP & COO of EnLink Midstream Manager LLC
COMPENSATION
$3M
AGE
39
TENURE
1.8 yrs

Alaina Brooks

TITLE
Executive VP
COMPENSATION
$2M
AGE
44
TENURE
1.8 yrs

Kate Walsh

TITLE
Vice President of Investor Relations & Tax

Jill McMillan

TITLE
Vice President of Public & Industry Affairs

Justin Griffin

TITLE
Senior Vice President of Business & Corporate Development
TENURE
0.9 yrs

Rhonda Price

TITLE
Senior Vice President of Human Resources - Enlink Midstream Manager LLC
TENURE
2.6 yrs

Cindy Jaggi

TITLE
Senior Vice President of Oklahoma
TENURE
4.3 yrs

Michael Leblanc

TITLE
Senior Vice President of Liquids Business Unit Operations for Enlink Midstream Manager LLc
TENURE
4.3 yrs
Board of Directors Tenure

Average tenure and age of the EnLink Midstream board of directors in years:

1.5
Average Tenure
58
Average Age
  • The average tenure for the EnLink Midstream board of directors is less than 3 years, this suggests a new board.
Board of Directors

Barry Davis

TITLE
Chairman & CEO of EnLink Midstream Manager
COMPENSATION
$6M
AGE
57
TENURE
2.3 yrs

Lel Echols

TITLE
Independent Director of EnLink Midstream Manager LLC
COMPENSATION
$222K
AGE
63
TENURE
6.1 yrs

Kyle Vann

TITLE
Independent Director of EnLink Midstream Manager LLC
COMPENSATION
$216K
AGE
72
TENURE
1.3 yrs

Jim Crain

TITLE
Independent Director of EnLink Midstream Manager LLC
COMPENSATION
$248K
AGE
70
TENURE
6.1 yrs

Chris Ortega

TITLE
Director of EnLink Midstream Manager LLC
AGE
43
TENURE
1.3 yrs

Bill Woodburn

TITLE
Director of EnLink Midstream Manager LLC
AGE
68
TENURE
1.8 yrs

William Brilliant

TITLE
Director of EnLink Midstream Manager LLC
AGE
43
TENURE
1.8 yrs

Tom Horton

TITLE
Director of EnLink Midstream Manager LLC
AGE
57
TENURE
0.7 yrs

Debbie Adams

TITLE
Independent Director of Enlink Midstream Manager
AGE
58
TENURE
0.1 yrs

James Lee

TITLE
Director of Enlink Midstream Manager
TENURE
0.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
20. Nov 19 Buy Kyle Vann Individual 20. Nov 19 20. Nov 19 10,000 €4.40 €44,010
14. Aug 19 Buy Kyle Vann Individual 12. Aug 19 12. Aug 19 20,000 €6.70 €132,477
13. Aug 19 Buy Barry Davis Individual 12. Aug 19 13. Aug 19 136,700 €6.64 €894,242
X
Management checks
We assess EnLink Midstream's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. EnLink Midstream has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

EnLink Midstream, LLC focuses on providing midstream energy services in the United States. It operates through Texas, Oklahoma, Louisiana, and Crude and Condensate segments. The company is involved in gathering, compressing, treating, processing, transporting, storing, and selling natural gas; fractionating, transporting, storing, and selling natural gas liquids; and gathering, transporting, stabilizing, storing, trans-loading, and selling crude oil and condensate, as well as providing brine disposal services. Its midstream energy asset network includes approximately 11,000 miles of pipelines; 20 natural gas processing plants; 7 fractionators; barge and rail terminals; product storage facilities; brine disposal wells; and a crude oil trucking fleet. The company was founded in 2014 and is headquartered in Dallas, Texas.

Details
Name: EnLink Midstream, LLC
0E41
Exchange: DB
Founded: 2014
$451,439,993
488,445,794
Website: http://www.enlink.com
Address: EnLink Midstream, LLC
1722 Routh Street,
Suite 1300,
Dallas,
Texas, 75201,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE ENLC Common Units New York Stock Exchange US USD 10. Mar 2014
DB 0E41 Common Units Deutsche Boerse AG DE EUR 10. Mar 2014
Number of employees
Current staff
Staff numbers
1,355
EnLink Midstream employees.
Industry
Oil and Gas Storage and Transportation
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 00:46
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/04/03
Last earnings filing: 2020/02/26
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.