DT Midstream, Inc. logo DTM - DT Midstream, Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 6
HOLD 7
SELL 1
STRONG
SELL
0
| PRICE TARGET: $153.43 DETAILS
HIGH: $176.00
LOW: $127.00
MEDIAN: $155.00
CONSENSUS: $153.43
UPSIDE: 15.78%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Stable Earnings Power 80% confidence

Primary model: P/Adj-EPS × Normalized Multiple

Valuation Signal Overvalued Strong
Trading 99.4% above fair value
Current Price $132.52
Bear Case $53.16 59.9% downside ($53.16 - $132.52) / $132.52 = -59.9% $4.43 × 12x P/E
Fair Value $66.45 49.9% downside ($66.45 - $132.52) / $132.52 = -49.9% $4.43 × 15x P/E
Bull Case $79.74 39.8% downside ($79.74 - $132.52) / $132.52 = -39.8% $4.43 × 18x P/E

Adjust Assumptions

15.0x
4.43$

Key Value Driver

Normalized P/E multiple (15x base case)

Implied Market Multiple 29.9x

Plain-Language Summary

Applying a 15x P/E to adjusted EPS of $4.43, the base-case value is $66.45 per share. DDM cross-check: $253.45.

Analyst Consensus (External Reference)

Never blended into the bear/base/bull estimates above -- shown only as an outside comparison.

Average Target (14 analysts) $153.43
Analyst Range $127.00 – $176.00
Divergence from AlphaVal 57%

Warnings

Dividend-based valuation: $253.45 (above our primary estimate by 281%). Large gaps may signal the dividend doesn't reflect full earning power.
Wall Street's average price target is $153.43 (from 14 analysts). Our estimate is 57% below the consensus -- consider that gap carefully.

Key Risks

  • Growth DCF inappropriate — terminal value assumptions dominate
  • EV/EBITDA misleading for regulated businesses where capex is mandated
  • Regulatory risk is a fat tail not visible in normal multiples