Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Summit Midstream Partners, LP (SMLP)

Company Dividend Discount ModelIndustry: Oil & Gas MidstreamSector: Energy

Valuation Snapshot

Stable Growth$55.72 - $76.87$66.37
Multi-Stage$115.68 - $127.84$121.64
Blended Fair Value$94.01
Current Price$28.50
Upside229.84%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2023202220212020201920182017201620152014
DPS-49.44%-22.96%0.620.310.000.0014.1818.7216.1014.8513.5211.16
YoY Growth--99.94%0.00%0.00%-100.00%-24.27%16.31%8.44%9.81%21.15%32.88%
Dividend Yield--2.17%2.02%0.00%0.00%154.95%12.56%7.64%4.12%5.31%2.31%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)108.14
(-) Cash Dividends Paid (M)6.51
(=) Cash Retained (M)101.63
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)21.6313.528.11
Cash Retained (M)101.63101.63101.63
(-) Cash Required (M)-21.63-13.52-8.11
(=) Excess Retained (M)80.0088.1193.52
(/) Shares Outstanding (M)10.5310.5310.53
(=) Excess Retained per Share7.608.378.89
LTM Dividend per Share0.620.620.62
(+) Excess Retained per Share7.608.378.89
(=) Adjusted Dividend8.228.999.50
WACC / Discount Rate8.03%8.03%8.03%
Growth Rate-5.85%-4.85%-3.85%
Fair Value$55.72$66.37$76.87
Upside / Downside95.52%132.89%169.71%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)108.14102.8997.9093.1588.6384.3386.86
Payout Ratio6.02%22.82%39.61%56.41%73.20%90.00%92.50%
Projected Dividends (M)6.5123.4838.7852.5464.8875.8980.34

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate8.03%8.03%8.03%
Growth Rate-5.85%-4.85%-3.85%
Year 1 PV (M)21.5021.7321.96
Year 2 PV (M)32.5333.2333.93
Year 3 PV (M)40.3741.6743.00
Year 4 PV (M)45.6647.6349.66
Year 5 PV (M)48.9251.5754.34
PV of Terminal Value (M)1,028.631,084.431,142.63
Equity Value (M)1,217.611,280.261,345.52
Shares Outstanding (M)10.5310.5310.53
Fair Value$115.68$121.64$127.84
Upside / Downside305.91%326.80%348.55%

High-Yield Dividend Screener

« Prev Page 131 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
OMU.JOOld Mutual Limited0.14%$2.0762.72%
RAVD.TARavad Ltd0.14%$0.7756.76%
SAWAD-R.BKSrisawad Corporation Public Company Limited0.14%$0.041.23%
SEQI.LSequoia Economic Infrastructure Income Fund Limited0.14%$0.1179.25%
SIM.COSimCorp A/S0.14%$1.0038.81%
000419.SZChangsha Tongcheng Holdings Co.Ltd0.13%$0.013.60%
000541.SZFoshan Electrical and Lighting Co.,Ltd0.13%$0.013.52%
000777.SZSUFA Technology Industry Co., Ltd. CNNC0.13%$0.035.83%
000893.SZAsia-potash International Investment (Guangzhou)Co.,Ltd.0.13%$0.063.17%
002338.SZChangchun UP Optotech Co.,Ltd.0.13%$0.0831.46%
002642.SZRonglian Group Ltd.0.13%$0.0128.71%
300132.SZFujian Green Pine Co., Ltd.0.13%$0.014.36%
600060.SSHisense Visual Technology Co., Ltd.0.13%$0.031.61%
600435.SSNorth Navigation Control Technology Co.,Ltd.0.13%$0.0211.74%
600522.SSJiangsu Zhongtian Technology Co., Ltd.0.13%$0.023.35%
600770.SSJiangsu Zongyi Co.,LTD0.13%$0.0118.40%
601138.SSFoxconn Industrial Internet Co., Ltd.0.13%$0.085.24%
603506.SSNacity Property Service Group Co., Ltd.0.13%$0.022.83%
688050.SSEyebright Medical Technology (Beijing) Co., Ltd.0.13%$0.084.28%
AKSEN.ISAksa Enerji Üretim A.S.0.13%$0.095.48%
ALPUL.PAPullup Entertainment S.A.0.13%$0.020.76%
BILN.LBillington Holdings Plc0.13%$0.4632.74%
BOTB.LBest of the Best PLC0.13%$0.6842.42%
BRIGHT.BOBright Outdoor Media Limited0.13%$0.523.81%
DGE.LDiageo plc0.13%$2.0472.90%
DNE.LDunedin Enterprise Investment Trust PLC0.13%$0.6344.26%
FMV.DEFirst Majestic Silver Corp.0.13%$0.0211.41%
HEXA-B.STHexagon AB (publ)0.13%$0.1440.77%
KIND-SDB.STKindred Group plc0.13%$0.1755.42%
LIV.LLivermore Investments Group Limited0.13%$0.0778.04%
MIRG.BAMirgor Sociedad Anónima, Comercial, Industrial, Financiera, Inmobiliaria y Agropecuaria0.13%$36.328.75%
MVI.LMarwyn Value Investors Limited0.13%$0.1742.72%
PANI.JKPT Pantai Indah Kapuk Dua Tbk0.13%$16.9745.84%
PHOENIXLTD.BOThe Phoenix Mills Limited0.13%$2.498.27%
SAC.JOS.A. Corporate Real Estate Limited0.13%$0.4766.31%
SPITZE.BOMaruti Interior Products Limit0.13%$0.254.25%
ZIG.LZigup Plc0.13%$0.5056.24%
000792.SZQinghai Salt Lake Industry Co.,Ltd0.12%$0.032.86%
000837.SZQinchuan Machine Tool & Tool Group Share Co., Ltd.0.12%$0.0234.52%
002167.SZGuangdong Orient Zirconic Ind Sci & Tech Co.,Ltd0.12%$0.024.63%
002230.SZiFLYTEK CO.,LTD0.12%$0.0616.22%
002969.SZJiamei Food Packaging (Chuzhou) Co.,Ltd0.12%$0.029.55%
0503.HKLansen Pharmaceutical Holdings Limited0.12%$0.003.97%
300221.SZGuangdong Silver Age Sci & Tech Co.,Ltd.0.12%$0.016.03%
300225.SZShanghai Kinlita Chemical Co., Ltd.0.12%$0.0110.40%
300491.SZShijiazhuang Tonhe Electronics Technologies Co.,Ltd.0.12%$0.0322.74%
301611.SZSuzhou Kematek Inc0.12%$0.1114.08%
600149.SSLangfang Development Co., Ltd.0.12%$0.0114.71%
600216.SSZhejiang Medicine Co., Ltd.0.12%$0.021.30%
600516.SSFangDa Carbon New Material Co.,Ltd0.12%$0.0160.88%