Energy Transfer Equity LP

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ETE : NYSE : Basic Materials
$16.74 -0.01 | -0.06%
Today's Range: 16.59 - 16.83
Avg. Daily Volume: 6008100.0
08/18/17 - 2:40 PM ET

Financial Analysis


ENERGY TRANSFER EQUITY LP's gross profit margin for the second quarter of its fiscal year 2017 is essentially unchanged when compared to the same period a year ago. Sales and net income have dropped, underperforming the average competitor within its industry.

At the same time, stockholders' equity ("net worth") has greatly increased by 29.50% from the same quarter last year.

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Income Statement Q2 FY17 Q2 FY16
Net Sales ($mil)8935.09344.0
EBITDA ($mil)1392.01415.0
EBIT ($mil)788.0827.0
Net Income ($mil)212.0241.0


Balance Sheet Q2 FY17 Q2 FY16
Cash & Equiv. ($mil)0.0475.0
Total Assets ($mil)82609.074560.0
Total Debt ($mil)43084.039621.0
Equity ($mil)-1185.0-1681.0


Profitability Q2 FY17 Q2 FY16
Gross Profit Margin17.5717.14
EBITDA Margin15.5715.14
Operating Margin8.828.85
Sales Turnover0.490.48
Return on Assets1.081.55
Return on Equity0.00.0
Debt Q2 FY17 Q2 FY16
Current Ratio1.330.98
Debt/Capital1.031.04
Interest Expense0.0585.0
Interest Coverage0.01.41


Share Data Q2 FY17 Q2 FY16
Shares outstanding (mil)1079.11044.8
Div / share0.290.29
EPS0.40.23
Book value / share-1.1-1.61
Institutional Own % n/a n/a
Avg Daily Volume6154846.04857703.0

Valuation


HOLD. The current P/E ratio indicates a significant discount compared to an average of 64.34 for the Oil, Gas & Consumable Fuels industry and a discount compared to the S&P 500 average of 24.31. Normally, for additional comaprison, we would look at the price-to-book ratio; however, this company's price-to-book ratio is negative making the value useless for comparisons. The price-to-sales ratio is well below both the S&P 500 average and the industry average, indicating a discount. After reviewing these and other key valuation criteria, ENERGY TRANSFER EQUITY LP proves to trade at a discount to investment alternatives within the industry.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
ETE 17.06 Peers 64.34   ETE NA Peers 15.89

Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations.

ETE is trading at a significant discount to its peers.

 

Neutral. The P/CF ratio is the stock’s price divided by the sum of the company's cash flow from operations. It is useful for comparing companies with different capital requirements or financing structures.

Ratio not available.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
ETE 10.32 Peers 34.73   ETE 0.73 Peers 0.55

Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations.

ETE is trading at a significant discount to its peers.

 

Premium. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples.

ETE trades at a significant premium to its peers.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
ETE NM Peers 541.69   ETE -9.01 Peers 154.68

Neutral. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.

ETE's P/B is negative making this valuation measure meaningless.

 

Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.

However, ETE is expected to significantly trail its peers on the basis of its earnings growth rate.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
ETE 0.46 Peers 2.03   ETE 14.08 Peers 19.70

Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales.

ETE is trading at a significant discount to its industry on this measurement.

 

Lower. A sales growth rate that trails the industry implies that a company is losing market share.

ETE significantly trails its peers on the basis of sales growth

 

 

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