Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Analysis Mode

Ticker

Industry

Sector

Summit Midstream Partners, LP (SMLP)

Company Dividend Discount ModelIndustry: Oil & Gas MidstreamSector: Energy

Valuation Snapshot

Stable Growth$53.72 - $73.67$63.81
Multi-Stage$104.21 - $115.10$109.55
Blended Fair Value$86.68
Current Price$28.50
Upside204.14%
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 Rate8.55%8.55%8.55%
Growth Rate-5.85%-4.85%-3.85%
Fair Value$53.72$63.81$73.67
Upside / Downside88.50%123.91%158.48%

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 Rate8.55%8.55%8.55%
Growth Rate-5.85%-4.85%-3.85%
Year 1 PV (M)21.4021.6321.86
Year 2 PV (M)32.2232.9133.61
Year 3 PV (M)39.8041.0842.39
Year 4 PV (M)44.7946.7348.72
Year 5 PV (M)47.7650.3553.06
PV of Terminal Value (M)910.89960.301,011.84
Equity Value (M)1,096.871,153.001,211.47
Shares Outstanding (M)10.5310.5310.53
Fair Value$104.21$109.55$115.10
Upside / Downside265.66%284.37%303.86%

High-Yield Dividend Screener

« Prev Page 60 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
002244.SZHangzhou Binjiang Real Estate Group Co.,Ltd2.61%$0.2624.72%
023800.KSINZI Controls Co.,Ltd.2.61%$170.3414.79%
0O2W.LGFT Technologies SE2.61%$0.5037.28%
4332.SRJadwa REIT Al Haramain Fund2.61%$0.1313.56%
603713.SSMilkyway Chemical Supply Chain Service Co., Ltd.2.61%$1.4540.70%
7743.TSEED Co.,Ltd.2.61%$14.9932.99%
GBF.DEBilfinger SE2.61%$2.8757.97%
SMTO3.SASão Martinho S.A.2.61%$0.3925.61%
TURSG.ISTürkiye Sigorta Anonim Sirketi2.61%$0.3017.12%
015230.KSDaechang Forging Co., Ltd.2.60%$159.7812.73%
300761.SZJiangsu Lihua Animal Husbandry Co., Ltd.2.60%$0.5469.75%
3257.TWChampion Microelectronic Corporation2.60%$1.8083.24%
000028.SZChina National Accord Medicines Corporation Ltd.2.59%$0.6366.16%
000423.SZDong-E-E-Jiao Co.,Ltd.2.59%$1.2748.72%
002375.SZZhejiang Yasha Decoration Co.,Ltd2.59%$0.1039.98%
002508.SZHangzhou Robam Appliances Co., Ltd.2.59%$0.5030.91%
035510.KSSHINSEGAE Information & Communication Co., Ltd.2.59%$430.0912.26%
4732.TUSS Co., Ltd.2.59%$44.4652.49%
600623.SSShanghai Huayi Group Corporation Limited2.59%$0.2060.15%
603367.SSCisen Pharmaceutical Co., Ltd.2.59%$0.4541.25%
6794.TFoster Electric Company, Limited2.59%$70.1937.70%
ORNAV.HEOrion Oyj2.59%$1.6373.31%
0027.HKGalaxy Entertainment Group Limited2.58%$1.0024.37%
0MKP.LStrabag SE2.58%$2.0829.10%
1586.HKChina Leon Inspection Holding Limited2.58%$0.0621.58%
3612.TWorld Co., Ltd.2.58%$79.8124.01%
5334.TNiterra Co., Ltd.2.58%$178.0936.87%
601137.SSNingbo Boway Alloy Material Company Limited2.58%$0.5543.16%
688355.SSSuzhou Mingzhi Technology Co., Ltd.2.58%$0.4698.88%
ASAI.LASA International Group PLC2.58%$5.0531.55%
DEK.WADekpol S.A.2.58%$2.3917.66%
PNGO.JKPT PINAGO UTAMA Tbk2.58%$80.2621.28%
600999.SSChina Merchants Securities Co., Ltd.2.57%$0.4330.69%
605338.SSZhongyin Babi Food Co., Ltd.2.57%$0.8067.91%
ARB.AXARB Corporation Limited2.57%$0.8234.10%
ERWPF.BKErawan Hotel Growth Property Fund2.57%$0.2322.08%
HLUN-A.COH. Lundbeck A/S2.57%$0.9524.76%
KVT.WAKrynica Vitamin S.A.2.57%$0.2725.50%
UNIQ.BKUnique Engineering and Construction Public Company Limited2.57%$0.077.66%
004710.KSHansol Technics Co., Ltd.2.56%$150.4826.54%
1714.TWHo Tung Chemical Corp.2.56%$0.2147.53%
300880.SZNingbo Jianan Electronics Co.,Ltd2.56%$0.4598.75%
383220.KSF&F Co., Ltd2.56%$1,700.2719.00%
603227.SSXinjiang Xuefeng Sci-Tech(Group)Co.,Ltd2.56%$0.2149.65%
605507.SSGuobang Pharma Ltd.2.56%$0.6340.20%
9319.TChuo Warehouse Co.,Ltd.2.56%$36.6436.47%
ANA.MCAcciona, S.A.2.56%$4.8831.97%
GGAL.BAGrupo Financiero Galicia S.A.2.56%$213.9137.51%
HOFI.STHoist Finance AB (publ)2.56%$2.9325.50%
P52.SIPan-United Corporation Ltd2.56%$0.0348.81%