HESM Relative Valuation
HESM's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, HESM is overvalued; if below, it's undervalued.
Historical Valuation
Hess Midstream LP (HESM) is now in the Fair zone, suggesting that its current forward PE ratio of 11.82 is considered Fairly compared with the five-year average of 12.42. The fair price of Hess Midstream LP (HESM) is between 33.44 to 40.66 according to relative valuation methord.
Relative Value
Fair Zone
33.44-40.66
Current Price：34.27
Fair
11.83
PE
1Y
3Y
5Y
Trailing
Forward
6.40
EV/EBITDA
Hess Midstream LP. (HESM) has a current EV/EBITDA of 6.40. The 5-year average EV/EBITDA is 4.89. The thresholds are as follows: Strongly Undervalued below 3.21, Undervalued between 3.21 and 4.05, Fairly Valued between 5.72 and 4.05, Overvalued between 5.72 and 6.56, and Strongly Overvalued above 6.56. The current Forward EV/EBITDA of 6.40 falls within the Overvalued range.
7.83
EV/EBIT
Hess Midstream LP. (HESM) has a current EV/EBIT of 7.83. The 5-year average EV/EBIT is 5.96. The thresholds are as follows: Strongly Undervalued below 3.97, Undervalued between 3.97 and 4.96, Fairly Valued between 6.95 and 4.96, Overvalued between 6.95 and 7.94, and Strongly Overvalued above 7.94. The current Forward EV/EBIT of 7.83 falls within the Overvalued range.
2.66
PS
Hess Midstream LP. (HESM) has a current PS of 2.66. The 5-year average PS is 1.42. The thresholds are as follows: Strongly Undervalued below -0.21, Undervalued between -0.21 and 0.61, Fairly Valued between 2.24 and 0.61, Overvalued between 2.24 and 3.05, and Strongly Overvalued above 3.05. The current Forward PS of 2.66 falls within the Overvalued range.
4.58
P/OCF
Hess Midstream LP. (HESM) has a current P/OCF of 4.58. The 5-year average P/OCF is 2.48. The thresholds are as follows: Strongly Undervalued below -0.39, Undervalued between -0.39 and 1.04, Fairly Valued between 3.91 and 1.04, Overvalued between 3.91 and 5.34, and Strongly Overvalued above 5.34. The current Forward P/OCF of 4.58 falls within the Overvalued range.
5.60
P/FCF
Hess Midstream LP. (HESM) has a current P/FCF of 5.60. The 5-year average P/FCF is 3.22. The thresholds are as follows: Strongly Undervalued below -0.61, Undervalued between -0.61 and 1.31, Fairly Valued between 5.14 and 1.31, Overvalued between 5.14 and 7.06, and Strongly Overvalued above 7.06. The current Forward P/FCF of 5.60 falls within the Overvalued range.
Hess Midstream LP (HESM) has a current Price-to-Book (P/B) ratio of 7.72. Compared to its 3-year average P/B ratio of 6.66 , the current P/B ratio is approximately 15.90% higher. Relative to its 5-year average P/B ratio of 5.70, the current P/B ratio is about 35.45% higher. Hess Midstream LP (HESM) has a Forward Free Cash Flow (FCF) yield of approximately 0.00%. Compared to its 3-year average FCF yield of 25.34%, the current FCF yield is approximately -100.00% lower. Relative to its 5-year average FCF yield of 41.02% , the current FCF yield is about -100.00% lower.
7.72
P/B
Median3y
6.66
Median5y
5.70
16.13
FCF Yield
Median3y
25.34
Median5y
41.02
Competitors Valuation Multiple
The average P/S ratio for HESM's competitors is , providing a benchmark for relative valuation. Hess Midstream LP Corp (HESM) exhibits a P/S ratio of , which is NaN% above the industry average. Given its robust revenue growth of 11.20%, this premium appears unsustainable.
P/S
P/E
EV/EBITDA
EV/EBIT
P/S
Revenue Growth
Market Cap
Performance Decomposition
1Y
3Y
5Y
Market capitalization of HESM decreased by 6.15% over the past 1 year. The primary factor behind the change was an increase in Revenue Growth from 378.50M to 420.90M.
The secondary factor is the Margin Expansion, contributed -4.16%to the performance.
Overall, the performance of HESM in the past 1 year is driven by Revenue Growth. Which is more sustainable.
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FAQ
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