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ONEOK

DB:ONK
Snowflake Description

High growth potential, good value and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ONK
DB
$10B
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

ONEOK, Inc., together with its subsidiaries, engages in gathering, processing, storage, and transportation of natural gas in the United States. The last earnings update was 43 days ago. More info.


Add to Portfolio Compare Print
  • ONEOK has significant price volatility in the past 3 months.
ONK Share Price and Events
7 Day Returns
30.6%
DB:ONK
8.7%
DE Oil and Gas
4.3%
DE Market
1 Year Returns
-61.5%
DB:ONK
34.4%
DE Oil and Gas
-14.2%
DE Market
ONK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
ONEOK (ONK) 30.6% -31.6% -64.9% -61.5% -54.2% -49.6%
DE Oil and Gas 8.7% -2.8% -19.4% 34.4% -14.7% 157%
DE Market 4.3% -9% -21.6% -14.2% -19.6% -25.6%
1 Year Return vs Industry and Market
  • ONK underperformed the Oil and Gas industry which returned 34.4% over the past year.
  • ONK underperformed the Market in Germany which returned -14.2% over the past year.
Price Volatility
ONK
Industry
5yr Volatility vs Market

ONK Value

 Is ONEOK 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 ONEOK 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 ONEOK.

DB:ONK Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 15 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.6%
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:ONK
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 0.97
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.972 (1 + (1- 21%) (128.89%))
1.644
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.64
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.644 * 5.44%)
8.56%

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

The calculations below outline how an intrinsic value for ONEOK 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:ONK DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.56%)
2020 383.49 Analyst x7 353.27
2021 1,771.39 Analyst x7 1,503.17
2022 2,285.67 Analyst x3 1,786.71
2023 1,905.50 Analyst x2 1,372.13
2024 1,637.00 Analyst x1 1,085.88
2025 1,587.80 Est @ -3.01% 970.23
2026 1,552.53 Est @ -2.22% 873.91
2027 1,526.58 Est @ -1.67% 791.58
2028 1,506.93 Est @ -1.29% 719.80
2029 1,491.59 Est @ -1.02% 656.32
Present value of next 10 years cash flows $10,112.00
DB:ONK DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $1,491.59 × (1 + -0.39%) ÷ (8.56% – -0.39%)
$16,608.47
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $16,608.47 ÷ (1 + 8.56%)10
$7,307.96
DB:ONK Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $10,112.00 + $7,307.96
$17,419.96
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $17,419.96 / 413.86
$42.09
DB:ONK Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:ONK represents 0.9827x of NYSE:OKE
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.9827x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 42.09 x 0.9827
€41.36
Value per share (EUR) From above. €41.36
Current discount Discount to share price of €23.86
= -1 x (€23.86 - €41.36) / €41.36
42.3%

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

Current Discount
Amount off the current price ONEOK is available for.
Intrinsic value
42%
Share price is €23.86 vs Future cash flow value of €41.36
Current Discount Checks
For ONEOK to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • ONEOK's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • ONEOK'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 ONEOK's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are ONEOK's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:ONK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $3.09
NYSE:OKE Share Price ** NYSE (2020-04-08) in USD $24.28
Europe Oil and Gas Industry PE Ratio Median Figure of 104 Publicly-Listed Oil and Gas Companies 6.5x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 17.07x

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

** Primary Listing of ONEOK.

DB:ONK PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 24.28 ÷ 3.09

7.86x

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

  • ONEOK is overvalued based on earnings compared to the Europe Oil and Gas industry average.
  • ONEOK is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does ONEOK's expected growth come at a high price?
Raw Data
DB:ONK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.86x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts
20.5%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 1.24x

*Line of best fit is calculated by linear regression .

DB:ONK PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 7.86x ÷ 20.5%

0.38x

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

  • ONEOK is good value based on expected growth next year.
Price based on value of assets
What value do investors place on ONEOK's assets?
Raw Data
DB:ONK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $15.07
NYSE:OKE Share Price * NYSE (2020-04-08) in USD $24.28
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 1.01x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.47x
DB:ONK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 24.28 ÷ 15.07

1.61x

* Primary Listing of ONEOK.

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

  • ONEOK is overvalued based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess ONEOK'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. ONEOK has a total score of 4/6, 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.

ONK Future Performance

 How is ONEOK expected to perform in the next 1 to 3 years based on estimates from 15 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
20.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is ONEOK expected to grow at an attractive rate?
  • ONEOK's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • ONEOK's earnings growth is expected to exceed the Germany market average.
  • ONEOK's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:ONK Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:ONK Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts 20.5%
DB:ONK Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 15 Analysts 8.3%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13.8%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 1.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
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:ONK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:ONK Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 2,145
2023-12-31 3,302 7,912
2022-12-31 12,743 2,936 1,655 5
2021-12-31 12,907 2,609 1,596 11
2020-12-31 12,229 2,444 1,440 11
2020-04-08
DB:ONK Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 10,164 1,947 1,277
2019-09-30 10,637 1,997 1,250
2019-06-30 11,768 2,152 1,254
2019-03-31 12,271 2,045 1,223
2018-12-31 12,593 2,187 1,151
2018-09-30 13,249 1,896 921
2018-06-30 12,761 1,675 773
2018-03-31 12,526 1,542 564
2017-12-31 12,174 1,315 387
2017-09-30 11,036 1,367 415
2017-06-30 10,488 1,465 342
2017-03-31 9,896 1,392 357

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • ONEOK's earnings are expected to grow significantly at over 20% yearly.
  • ONEOK's revenue is expected to grow by 8.3% 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:ONK 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 15 Analyst Estimates (S&P Global) See Below

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

DB:ONK Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31 4.44 5.84 3.04 3.00
2023-12-31 4.49 5.68 2.90 5.00
2022-12-31 3.98 5.48 2.49 14.00
2021-12-31 3.91 5.15 2.77 20.00
2020-12-31 3.48 3.87 2.70 19.00
2020-04-08
DB:ONK Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 3.09
2019-09-30 3.03
2019-06-30 3.04
2019-03-31 2.97
2018-12-31 2.80
2018-09-30 2.27
2018-06-30 1.95
2018-03-31 1.63
2017-12-31 1.30
2017-09-30 1.63
2017-06-30 1.62
2017-03-31 1.69

*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.
  • ONEOK is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess ONEOK'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.
ONEOK has a total score of 5/6, 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.

ONK Past Performance

  How has ONEOK 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 ONEOK'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.
  • ONEOK has delivered over 20% year on year earnings growth in the past 5 years.
  • ONEOK's 1-year earnings growth is less than its 5-year average (11% vs 37.9%)
  • ONEOK's earnings growth has exceeded the Europe Oil and Gas industry average in the past year (11% vs 1.9%).
Earnings and Revenue History
ONEOK'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 ONEOK Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:ONK 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 10,164.37 1,277.48 876.43
2019-09-30 10,637.46 1,250.11 852.90
2019-06-30 11,768.12 1,254.22 841.85
2019-03-31 12,271.08 1,223.30 838.11
2018-12-31 12,593.20 1,150.60 819.88
2018-09-30 13,248.65 920.76 804.66
2018-06-30 12,761.13 773.24 773.93
2018-03-31 12,526.37 563.95 758.50
2017-12-31 12,173.91 387.07 737.92
2017-09-30 11,036.21 415.10 712.39
2017-06-30 10,487.75 342.36 698.36
2017-03-31 9,896.09 357.05 675.24
2016-12-31 8,920.93 354.09 668.34
2016-09-30 8,197.38 290.74 652.05
2016-06-30 7,738.41 284.04 633.36
2016-03-31 7,732.36 274.51 606.56
2015-12-31 7,763.21 251.06 605.75
2015-09-30 8,677.07 317.35 607.87
2015-06-30 9,898.27 295.96 614.29
2015-03-31 10,837.10 288.92 626.75
2014-12-31 12,195.09 319.71 599.14
2014-09-30 12,799.88 299.63 565.63
2014-06-30 12,815.12 307.48 528.90
2014-03-31 12,517.22 313.08 484.49
2013-12-31 11,871.88 278.66 479.17
2013-09-30 12,082.24 316.54 550.02
2013-06-30 11,975.64 309.28 639.39

*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.
  • Whilst ONEOK has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
  • ONEOK used its assets more efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • ONEOK's use of capital has not improved over the past 3 years (Return on Capital Employed).
X
Past performance checks
We assess ONEOK'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.
ONEOK has a total score of 3/6, 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.

ONK Health

 How is ONEOK'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 ONEOK's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • ONEOK's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • ONEOK's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of ONEOK'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 ONEOK Company Filings, last reported 3 months ago.

DB:ONK Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 6,225.95 12,909.35 20.96
2019-09-30 6,218.91 12,763.97 673.31
2019-06-30 6,348.14 11,318.68 273.40
2019-03-31 6,442.01 10,461.98 27.81
2018-12-31 6,579.54 9,480.24 30.98
2018-09-30 6,652.76 8,953.36 84.46
2018-06-30 6,838.48 8,185.19 15.30
2018-03-31 6,869.25 8,035.57 76.98
2017-12-31 5,685.35 9,138.95 38.52
2017-09-30 5,516.38 9,456.90 11.93
2017-06-30 5,565.23 9,621.59 332.86
2017-03-31 3,469.51 9,632.52 310.90
2016-12-31 3,428.92 9,453.72 248.88
2016-09-30 3,440.21 9,474.29 237.41
2016-06-30 3,492.18 9,357.23 180.85
2016-03-31 3,645.51 9,225.67 137.22
2015-12-31 3,766.34 8,990.51 97.62
2015-09-30 4,037.31 8,735.33 38.37
2015-06-30 3,999.36 8,822.53 226.19
2015-03-31 3,893.29 8,835.84 239.41
2014-12-31 4,005.88 8,260.93 172.81
2014-09-30 3,759.40 7,228.92 151.40
2014-06-30 3,793.33 7,226.88 358.56
2014-03-31 3,127.71 7,339.25 210.23
2013-12-31 4,845.18 8,328.77 145.57
2013-09-30 4,690.65 8,330.14 789.72
2013-06-30 4,174.36 7,356.04 43.40
  • ONEOK's level of debt (207.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (206.4% vs 207.3% today).
  • Debt is not well covered by operating cash flow (15.1%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.9x coverage).
X
Financial health checks
We assess ONEOK'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. ONEOK has a total score of 1/6, 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.

ONK Dividends

 What is ONEOK'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
15.4%
Current annual income from ONEOK dividends. Estimated to be 16.25% next year.
If you bought €2,000 of ONEOK shares you are expected to receive €308 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?
  • ONEOK's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.63%).
  • ONEOK's dividend is above the markets top 25% of dividend payers in Germany (4.61%).
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:ONK 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 15 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 8.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.6%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
Germany Top 25% Dividend Yield 75th Percentile 4.6%

Industry and Market average data is calculated daily.

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

DB:ONK Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2024-12-31 4.27 2.00
2023-12-31 4.31 4.00
2022-12-31 4.07 14.00
2021-12-31 3.93 22.00
2020-12-31 3.79 22.00
2020-04-08
DB:ONK Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-01-16 3.740 9.341
2019-10-30 3.660 5.025
2019-07-24 3.560 5.033
2019-04-18 3.460 5.131
2019-01-16 3.440 5.150
2018-10-24 3.420 5.734
2018-07-25 3.300 4.884
2018-04-19 3.180 4.752
2018-01-17 3.080 5.348
2017-10-25 2.980 5.604
2017-07-26 2.980 5.440
2017-04-20 2.460 4.788
2017-01-18 2.460 4.501
2016-10-20 2.460 4.594
2016-07-29 2.460 5.119
2016-04-21 2.460 5.713
2016-01-22 2.460 9.466
2015-10-21 2.460 9.507
2015-07-23 2.420 6.729
2015-04-17 2.420 5.732
2015-01-14 2.420 5.226
2014-10-22 2.360 4.566
2014-07-23 2.300 3.539
2014-04-17 2.240 3.458
2014-01-15 1.600 2.641
2013-10-23 1.520 2.575
2013-07-24 1.520 2.897
2013-04-18 1.440 3.179
2013-01-16 1.440 3.069
2012-10-24 1.320 2.960
2012-07-25 1.320 2.863
2012-04-18 1.220 2.885
2012-01-18 1.220 2.947
2011-10-26 1.120 2.739
2011-07-20 1.120 3.260
2011-04-19 1.040 2.942
2011-01-19 1.040 3.305
2010-10-21 0.960 3.622
2010-07-15 0.920 4.028
2010-04-22 0.880 3.851
2010-01-20 0.880 3.894
2009-10-15 0.840 4.107
2009-07-17 0.840 4.845
2009-04-16 0.800 5.709

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of ONEOK's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (1x coverage).
X
Income/ dividend checks
We assess ONEOK'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 ONEOK afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. ONEOK has a total score of 4/6, see the detailed checks below.


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

ONK Management

 What is the CEO of ONEOK'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
Terry Spencer
COMPENSATION $7,099,869
AGE 60
TENURE AS CEO 6.3 years
CEO Bio

Mr. Terry K. Spencer has been the Chief Executive Officer and President of Oneok Inc. since January 31, 2014 and January 2012 respectively. Mr. Spencer served as the Chief Executive Officer and President of the ONEOK Partners GP, L.L.C, the General Partner of Oneok Partners, L.P. since January 31, 2014 until 2017 and previously served as its President since January 1, 2012. Mr. Spencer has been the President of TransCanada Northern Border Inc. since January 1, 2012. He was the Vice President of Operations at Cantera Gas Company, LLC, since 1991. He served as the Chief Operating Officer of TransCanada Northern Border Inc. He served as the Chief Operating Officer of ONEOK Partners, L.P., a General Partner of Transcan Northwest Border Ltd. from July 16, 2009 to January 2012. He served as an Executive Vice President of Natural Gas Liquids Segments of Oneok Inc. Mr. Spencer served as an Executive Vice President of Natural Gas Liquids Segments of Oneok Partners L.P since July 25, 2007 and its subsidiary, Viking Gas Transmission Company. He serves as President of Natural Gas Liquids Segment of TXOK Energy Resources Company. He served as an Executive Vice President of Oneok Inc. General Partner of Oneok Partners L.P. since May 2008. He served as the President of Natural Gas Liquids Segment of Oneok Inc., since January 24, 2006 and Oneok Partners L.p. from April 2006 to July 25, 2007. He served as General Manager of Gathering and Processing of Oneok Inc. since February 1, 2005. Mr. Spencer served as Senior Vice President of New Natural Gas Liquids segment of Oneok Inc. since July 1, 2005 and also as its Vice President since February 1, 2005. He joined ONEOK Inc., in 2001 and served as its Director of Project Development. He serves as a Director at TransCanada Northern Border Inc. He has been Director of Oneok Inc. since January 31, 2014. He served as a Director of ONEOK Partners GP since January 1, 2010. He serves as a Director of Cantera Gas Company LLC, since March 1997. He has been a Director of Oneok Partners gp, llc, General partner of ONEOK Partners, L.P. since January 2012. He served as Director of BOK Financial Corporation and BOKF, NA. until June 21, 2018. Mr. Spencer earned a Bachelor of Science degree in Petroleum Engineering in 1981 from the University of Alabama in Tuscaloosa.

CEO Compensation
  • Terry's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.
  • Terry's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the ONEOK management team in years:

2.9
Average Tenure
55
Average Age
  • The tenure for the ONEOK management team is about average.
Management Team

Terry Spencer

TITLE
President
COMPENSATION
$7M
AGE
60
TENURE
6.3 yrs

Walter Hulse

TITLE
CFO, Treasurer and Executive VP of Strategic Planning & Corporate Affairs
COMPENSATION
$3M
AGE
55
TENURE
2.9 yrs

Kevin Burdick

TITLE
Executive VP & COO
COMPENSATION
$3M
AGE
54
TENURE
2.9 yrs

Rob Martinovich

TITLE
Executive VP & Chief Administrative Officer
COMPENSATION
$2M
AGE
61
TENURE
5.2 yrs

Sheridan Swords

TITLE
Senior Vice President of Natural Gas Liquids
COMPENSATION
$2M
AGE
50
TENURE
7.3 yrs

Mary Spears

TITLE
VP & Chief Accounting Officer
AGE
39
TENURE
1.1 yrs

Andrew Ziola

TITLE
Vice president of Investor Relations & Corporate Affairs

Steve Allen

TITLE
Senior VP
AGE
45
TENURE
2.8 yrs

Chuck Kelley

TITLE
Senior Vice President of Natural Gas
AGE
60
TENURE
2.3 yrs

S. Grimshaw

TITLE
VP, Associate General Counsel & Corporate Secretary
AGE
67
TENURE
11.9 yrs
Board of Directors Tenure

Average tenure and age of the ONEOK board of directors in years:

8.6
Average Tenure
65
Average Age
  • The tenure for the ONEOK board of directors is about average.
Board of Directors

John Gibson

TITLE
Non-Executive Chairman of the Board
COMPENSATION
$382K
AGE
67
TENURE
8.9 yrs

Terry Spencer

TITLE
President
COMPENSATION
$7M
AGE
60
TENURE
6.3 yrs

Pattye Moore

TITLE
Independent Director
COMPENSATION
$226K
AGE
61
TENURE
18.3 yrs

Julie Edwards

TITLE
Independent Director
COMPENSATION
$231K
AGE
60
TENURE
12.8 yrs

Randy Larson

TITLE
Independent Director
COMPENSATION
$231K
AGE
61
TENURE
4.3 yrs

Eduardo Rodriguez

TITLE
Independent Director
COMPENSATION
$211K
AGE
63
TENURE
16 yrs

Brian Derksen

TITLE
Independent Director
COMPENSATION
$211K
AGE
68
TENURE
4.3 yrs

Jim Mogg

TITLE
Lead Independent Director
COMPENSATION
$216K
AGE
70
TENURE
7.3 yrs

Gary Parker

TITLE
Independent Director
COMPENSATION
$211K
AGE
73
TENURE
29.3 yrs

Steve Malcolm

TITLE
Independent Director
COMPENSATION
$223K
AGE
70
TENURE
8.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by ONEOK individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
25. Mar 20 Buy Brian Derksen Individual 25. Mar 20 25. Mar 20 8,700 €20.95 €182,298
19. Mar 20 Buy Gary Parker Individual 18. Mar 20 18. Mar 20 2,500 €15.23 €38,071
19. Mar 20 Buy Mark Helderman Individual 18. Mar 20 18. Mar 20 30,000 €12.05 €361,581
19. Mar 20 Buy Terry Spencer Individual 18. Mar 20 18. Mar 20 32,806 €14.21 €453,805
19. Mar 20 Buy John Gibson Individual 18. Mar 20 18. Mar 20 32,980 €13.70 €451,841
13. Mar 20 Buy Walter Hulse Individual 13. Mar 20 13. Mar 20 3,000 €24.29 €72,864
13. Mar 20 Buy Walter Hulse Individual 13. Mar 20 13. Mar 20 7,000 €25.88 €180,417
12. Mar 20 Buy Terry Spencer Individual 10. Mar 20 10. Mar 20 27,701 €37.08 €881,185
10. Mar 20 Buy John Gibson Individual 09. Mar 20 09. Mar 20 12,700 €34.22 €434,549
17. Dec 19 Buy Mark Helderman Individual 17. Dec 19 17. Dec 19 6,094 €66.30 €404,059
25. Nov 19 Sell Mary Spears Individual 25. Nov 19 25. Nov 19 -2,000 €65.26 €-130,528
X
Management checks
We assess ONEOK'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. ONEOK 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.

ONK News

Simply Wall St News

ONK Company Info

Description

ONEOK, Inc., together with its subsidiaries, engages in gathering, processing, storage, and transportation of natural gas in the United States. It operates through Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines segments. The company owns natural gas gathering pipelines and processing plants in the Mid-Continent and Rocky Mountain regions. It also gathers, treats, fractionates, and transports natural gas liquids (NGL), as well as stores, markets, and distributes NGL products. The company owns NGL gathering and distribution pipelines in Oklahoma, Kansas, Texas, New Mexico, Montana, North Dakota, Wyoming, and Colorado; terminal and storage facilities in Missouri, Nebraska, Iowa, and Illinois; and NGL distribution and refined petroleum products pipelines in Kansas, Missouri, Nebraska, Iowa, Illinois, and Indiana, as well as owns and operates truck- and rail-loading, and -unloading facilities that interconnect with its NGL fractionation and pipeline assets. In addition, it operates regulated interstate and intrastate natural gas transmission pipelines and natural gas storage facilities. Further, the company owns and operates a parking garage in downtown Tulsa, Oklahoma; and leases excess office space to others. It serves integrated and independent exploration and production companies; NGL and natural gas gathering and processing companies; crude oil and natural gas production companies; propane distributors; ethanol producers; and petrochemical, refining, and NGL marketing companies, as well as natural gas distribution companies, electric-generation facilities, industrial companies, municipalities, producers, processors, and marketing companies. The company was founded in 1906 and is headquartered in Tulsa, Oklahoma.

Details
Name: ONEOK, Inc.
ONK
Exchange: DB
Founded: 1906
$9,240,556,628
413,857,174
Website: http://www.oneok.com
Address: ONEOK, Inc.
100 West Fifth Street,
Tulsa,
Oklahoma, 74103,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE OKE Common Stock New York Stock Exchange US USD 02. Mar 1964
DB ONK Common Stock Deutsche Boerse AG DE EUR 02. Mar 1964
LSE 0KCI Common Stock London Stock Exchange GB USD 02. Mar 1964
BOVESPA O1KE34 BDR EACH 2 REPR 1 SHS UNSPON Bolsa de Valores de Sao Paulo BR BRL 27. Jan 2020
Number of employees
Current staff
Staff numbers
2,882
ONEOK 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 20:30
End of day share price update: 2020/04/08 00:00
Last estimates confirmation: 2020/04/08
Last earnings filing: 2020/02/25
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.