NGL Valuation

NGL Energy Partners LP

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4.940

+0.03(0.611%)1D

Overview
Forecast
Valuation
Earnings

NGL Relative Valuation

NGL'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, NGL is overvalued; if below, it's undervalued.

Historical Valuation

NGL Energy Partners LP (NGL) is now in the Undervalued zone, suggesting that its current forward PS ratio of 0.18 is considered Undervalued compared with the five-year average of 15.42. The fair price of NGL Energy Partners LP (NGL) is between 13.47 to 15.17 according to relative valuation methord. Compared to the current price of 4.91 USD , NGL Energy Partners LP is Undervalued By 63.54%.

Relative Value

Fair Zone

13.47-15.17

Current Price：4.91

63.54%

Undervalued

21.30

Trailing

Forward

6.90

EV/EBITDA

NGL Energy Partners LP. (NGL) has a current EV/EBITDA of 6.90. The 5-year average EV/EBITDA is 7.30. The thresholds are as follows: Strongly Undervalued below 5.82, Undervalued between 5.82 and 6.56, Fairly Valued between 8.04 and 6.56, Overvalued between 8.04 and 8.78, and Strongly Overvalued above 8.78. The current Forward EV/EBITDA of 6.90 falls within the Historic Trend Line -Fairly Valued range.

12.12

EV/EBIT

NGL Energy Partners LP. (NGL) has a current EV/EBIT of 12.12. The 5-year average EV/EBIT is 14.70. The thresholds are as follows: Strongly Undervalued below 5.73, Undervalued between 5.73 and 10.21, Fairly Valued between 19.18 and 10.21, Overvalued between 19.18 and 23.67, and Strongly Overvalued above 23.67. The current Forward EV/EBIT of 12.12 falls within the Historic Trend Line -Fairly Valued range.

0.18

NGL Energy Partners LP. (NGL) has a current PS of 0.18. The 5-year average PS is 0.07. The thresholds are as follows: Strongly Undervalued below -0.01, Undervalued between -0.01 and 0.03, Fairly Valued between 0.11 and 0.03, Overvalued between 0.11 and 0.15, and Strongly Overvalued above 0.15. The current Forward PS of 0.18 falls within the Strongly Overvalued range.

2.04

P/OCF

NGL Energy Partners LP. (NGL) has a current P/OCF of 2.04. The 5-year average P/OCF is 1.24. The thresholds are as follows: Strongly Undervalued below 0.24, Undervalued between 0.24 and 0.74, Fairly Valued between 1.74 and 0.74, Overvalued between 1.74 and 2.24, and Strongly Overvalued above 2.24. The current Forward P/OCF of 2.04 falls within the Overvalued range.

-5.79

P/FCF

NGL Energy Partners LP. (NGL) has a current P/FCF of -5.79. The 5-year average P/FCF is 2.17. The thresholds are as follows: Strongly Undervalued below -15.92, Undervalued between -15.92 and -6.88, Fairly Valued between 11.21 and -6.88, Overvalued between 11.21 and 20.25, and Strongly Overvalued above 20.25. The current Forward P/FCF of -5.79 falls within the Historic Trend Line -Fairly Valued range.

NGL Energy Partners LP (NGL) has a current Price-to-Book (P/B) ratio of -3.69. Compared to its 3-year average P/B ratio of -0.68 , the current P/B ratio is approximately 438.31% higher. Relative to its 5-year average P/B ratio of -0.20, the current P/B ratio is about 1773.45% higher. NGL Energy Partners LP (NGL) has a Forward Free Cash Flow (FCF) yield of approximately 22.46%. Compared to its 3-year average FCF yield of 39.72%, the current FCF yield is approximately -43.46% lower. Relative to its 5-year average FCF yield of 33.19% , the current FCF yield is about -32.32% lower.

-3.69

P/B

Median3y

-0.68

Median5y

-0.20

22.46

FCF Yield

Median3y

39.72

Median5y

33.19

Competitors Valuation Multiple

The average P/S ratio for NGL's competitors is 2.12, providing a benchmark for relative valuation. NGL Energy Partners LP Corp (NGL) exhibits a P/S ratio of 0.30, which is -85.87% above the industry average. Given its robust revenue growth of -18.05%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

NGL.N

NGL Energy Partners LP

Summit Midstream Corp

Martin Midstream Partners LP

Delek Logistics Partners LP

Performance Decomposition

Market capitalization of NGL increased by 19.90% over the past 1 year. The primary factor behind the change was an increase in Margin Expansion from 2.32 to 4.86.

The secondary factor is the Revenue Growth, contributed -18.05%to the performance.

Overall, the performance of NGL in the past 1 year is driven by Margin Expansion. Which is more sustainable.

-18.05%

759.23M → 622.16M

Revenue Growth

109.48%

2.32 → 4.86

Margin Expansion

-71.53%

-28.76 → -8.19

P/E Change

19.90%