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: $41.33 DETAILS
HIGH: $45.00
LOW: $38.00
MEDIAN: $41.50
CONSENSUS: $41.33
UPSIDE: 11.46%
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 12.5% below fair value
Current Price $37.08
Bear Case $33.90 8.6% downside ($33.90 - $37.08) / $37.08 = -8.6% $2.66 × 13x P/E
Fair Value $42.37 14.3% upside ($42.37 - $37.08) / $37.08 = 14.3% $2.66 × 16x P/E
Bull Case $50.85 37.1% upside ($50.85 - $37.08) / $37.08 = 37.1% $2.66 × 19x P/E

Adjust Assumptions

15.9x
2.66$

Key Value Driver

Normalized P/E multiple (16x base case)

Implied Market Multiple 13.9x

Plain-Language Summary

Applying a 16x P/E to adjusted EPS of $2.66, the base-case value is $42.37 per share. DDM cross-check: $49.68.

Analyst Consensus (External Reference)

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

Average Target (45 analysts) $41.33
Analyst Range $38.00 – $45.00
Divergence from AlphaVal 3%

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