Enterprise Products Partners L.P. logo EPD - Enterprise Products Partners L.P.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 34
HOLD 9
SELL 2
STRONG
SELL
0
| PRICE TARGET: $39.71 DETAILS
HIGH: $45.00
LOW: $34.00
MEDIAN: $40.00
CONSENSUS: $39.71
UPSIDE: 2.98%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Stable Earnings Power 80% confidence

Primary model: P/Adj-EPS × Normalized Multiple

Valuation Signal Fair Value Mild
Trading 11.8% below fair value
Current Price $38.56
Bear Case $34.97 9.3% downside ($34.97 - $38.56) / $38.56 = -9.3% $2.85 × 13x P/E
Fair Value $43.71 13.3% upside ($43.71 - $38.56) / $38.56 = 13.3% $2.85 × 16x P/E
Bull Case $52.45 36.0% upside ($52.45 - $38.56) / $38.56 = 36.0% $2.85 × 19x P/E

Adjust Assumptions

15.9x
2.85$

Key Value Driver

Normalized P/E multiple (16x base case)

Implied Market Multiple 13.5x

Plain-Language Summary

Our base-case estimate uses a valuation based on adjusted earnings per share and a normalized price-to-earnings multiple. We then blend that result with the average analyst price target of $39.71 from 45 analysts, using a 30% weight on analyst consensus. That produces an estimated intrinsic value of $43.71 per share.

Warnings

The company pays out 83% of its profits as dividends. That leaves little cushion — the dividend could be cut if business slows down.

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