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Crestwood Equity Partners LP (Crestwood Equity Partners LP) Intrinsic Value: Projected FCF : $27.48 (As of May. 04, 2024)


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What is Crestwood Equity Partners LP Intrinsic Value: Projected FCF?

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2024-05-04), Crestwood Equity Partners LP's Intrinsic Value: Projected FCF is $27.48. The stock price of Crestwood Equity Partners LP is $28.26. Therefore, Crestwood Equity Partners LP's Price-to-Intrinsic-Value-Projected-FCF of today is 1.0.

The historical rank and industry rank for Crestwood Equity Partners LP's Intrinsic Value: Projected FCF or its related term are showing as below:

CEQP' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.13   Med: 0.92   Max: 15.25
Current: 1.03

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Crestwood Equity Partners LP was 15.25. The lowest was 0.13. And the median was 0.92.

CEQP's Price-to-Projected-FCF is not ranked
in the Oil & Gas industry.
Industry Median: 0.82 vs CEQP: 1.03

Crestwood Equity Partners LP Intrinsic Value: Projected FCF Historical Data

The historical data trend for Crestwood Equity Partners LP's Intrinsic Value: Projected FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Crestwood Equity Partners LP Intrinsic Value: Projected FCF Chart

Crestwood Equity Partners LP Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 24.99 2.33 37.16 35.67 27.00

Crestwood Equity Partners LP Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Intrinsic Value: Projected FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 26.17 27.00 26.71 26.41 27.48

Competitive Comparison of Crestwood Equity Partners LP's Intrinsic Value: Projected FCF

For the Oil & Gas Midstream subindustry, Crestwood Equity Partners LP's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Crestwood Equity Partners LP's Price-to-Projected-FCF Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Crestwood Equity Partners LP's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Crestwood Equity Partners LP's Price-to-Projected-FCF falls into.



Crestwood Equity Partners LP Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get Crestwood Equity Partners LP's Free Cash Flow(6 year avg) = $151.04.

Crestwood Equity Partners LP's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Sep23)*0.8)/Shares Outstanding (Diluted Average)
=(9.5203515959648*151.04+1816.4*0.8)/105.200
=27.48

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Crestwood Equity Partners LP  (NYSE:CEQP) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

Crestwood Equity Partners LP's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=28.26/27.481691112686
=1.03

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Crestwood Equity Partners LP Intrinsic Value: Projected FCF Related Terms

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Crestwood Equity Partners LP (Crestwood Equity Partners LP) Business Description

Traded in Other Exchanges
N/A
Address
811 Main Street, Suite 3400, Houston, TX, USA, 77002
Crestwood Equity Partners LP develops, acquires, owns or controls, and operates fee-based assets and operations within the energy midstream sector. The company has a diversified portfolio of crude oil and natural gas gathering, processing, storage, and transportation assets that connect fundamental energy supply with energy demand across North America. It has three reporting segments: Gathering and Processing North, Gathering, and Processing South, and Storage and Logistics. The company serves various producers in unconventional shale plays located across the United States. It generates maximum revenue from the Gathering and Processing North division.
Executives
Clay C Williams director
Jeffrey M Cathey officer: SVP, Controller 2440 PERSHING ROAD, SUITE 600, KANSAS CITY MO 64108
Black John William Iii officer: EVP, Chief Financial Officer 811 MAIN STREET, SUITE 3400, HOUSTON TX 77002
Diaco Aviki officer: EVP, Chief Operating Officer 811 MAIN STREET, SUITE 3400, HOUSTON TX 77002
Frances M Vallejo director 1700 LINCOLN STREET, SUITE 3700, DENVER CO 80203
David Lumpkins director 600 TRAVIS STREET, SUITE 3250, HOUSTON TX 77002
William H. Moore officer: EVP - Corporate Strategy TWO BRUSH CREEK BOULEVARD, SUITE 200, KANSAS CITY MO 64112
Halpin Robert Thornbury Iii officer: President CRESTWOOD MIDSTREAM PARTNERS LP, 717 TEXAS AVENUE, STE 3150, HOUSTON TX 77002
Joel Christian Lambert officer: EVP, Legal, Safety Compliance 600 TRAVIS STREET, SUITE 6000, HOUSTON TX 77002
Robert G Phillips director, officer: Founder, Chairman & CEO 2727 NORTH LOOP WEST, HOUSTON TX 77008
Janeen S Judah director 10713 WEST SAM HOUSTON PARKWAY N, SUITE 800, HOUSTON TX 77064
Angela A Minas director 3262 WESTHEIMER ROAD #627, HOUSTON TX 77098
Warren H Gfeller director
Oasis Petroleum Inc. 10 percent owner 1001 FANNIN STREET, SUITE 1500, HOUSTON TX 77002
Gary Duane Reaves director ONE LAFAYETTE PLACE, THIRD FLOOR, GREENWICH CT 06830