Published on 23 Nov 2023 on Simply Wall St. via Yahoo Finance
Is EnLink Midstream, LLC (NYSE:ENLC) Trading At A 33% Discount?
Key Insights
Using the 2 Stage Free Cash Flow to Equity, EnLink Midstream fair value estimate is US$19.22Current share price of US$12.89 suggests EnLink Midstream is potentially 33% undervaluedOur fair value estimate is 35% higher than EnLink Midstream's analyst price target of US$14.18
How far off is EnLink Midstream, LLC (NYSE:ENLC) from its intrinsic value? Using the most recent financial data, we'll take a look at whether the stock is fairly priced by taking the forecast future cash flows of the company and discounting them back to today's value. We will take advantage of the Discounted Cash Flow (DCF) model for this purpose. Models like these may appear beyond the comprehension of a lay person, but they're fairly easy to follow.