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: $38.57 DETAILS
HIGH: $43.00
LOW: $34.00
MEDIAN: $39.00
CONSENSUS: $38.57
DOWNSIDE: 2.67%
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 8.6% below fair value
Current Price $39.63
Bear Case $34.70 12.5% downside ($34.70 - $39.63) / $39.63 = -12.5% $2.85 × 13x P/E
Fair Value $43.37 9.4% upside ($43.37 - $39.63) / $39.63 = 9.4% $2.85 × 16x P/E
Bull Case $52.04 31.3% upside ($52.04 - $39.63) / $39.63 = 31.3% $2.85 × 19x P/E

Adjust Assumptions

15.9x
2.85$

Key Value Driver

Normalized P/E multiple (16x base case)

Implied Market Multiple 13.9x

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 $38.57 from 45 analysts, using a 30% weight on analyst consensus. That produces an estimated intrinsic value of $43.37 per share.

Warnings

⚠ The company pays out 82% 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