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Noble Midstream Partners LP logo
Noble Midstream Partners LP NBLX

Noble Midstream Partners LP Financial Ratios 2020-2011 | NBLX

Brief overview of Noble Midstream Partners LP's multiples and efficiency

Ratios are assessed across five available annual reports in the 2016–2020 interval.

The valuation comparison uses P/E 7.78x (median 8.35x), EV/EBITDA 7.09x (median 7.48x), P/S 1.36x (median 2.64x). The combined multiple level is about 26.2% below the company's historical norm, suggesting more cautious expectations.

The 1/P/E calculation produces a 12.8% earnings yield. It does not capture future growth or capital structure.

Returns on assets and capital are represented by ROE 10.3%, ROA 4.4%, ROCE 10.9%. Return ratios are at workable levels. The business generates positive returns, though efficiency is not exceptional.

PEG is 0.95x. Price relative to expected growth is in a moderate range.

Conclusion

Noble Midstream Partners LP's multiples are below five-year reference levels despite strong quality metrics, providing valuation cushion but not eliminating hidden risks.

Annual Financial Ratios Noble Midstream Partners LP

2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
7.8 6.1 8.4 13.5 48.0 - - - - -

P/S

1.4 1.3 2.6 7.9 8.5 - - - - -

EV/EBITDA

7.1 6.2 7.5 11.4 10.7 - - - - -

PEG

0.95 -0.28 -2.53 0.04 -1.01 - - - - -

P/B

0.8 - - - - - - - - -

P/CF

4.0 7.3 -3.5 -14.7 17.6 - - - - -

ROE %

10.31 - - - - - - - - -

ROA %

4.41 4.99 7.85 16.84 7.70 - - - - -

ROCE %

10.85 10.13 9.68 22.22 32.27 - - - - -

DSO

48.0 44.9 40.3 46.0 43.6 - - - - -

DIO

- - 2.8 - - - - - - -

DPO

54.1 107.0 121.9 607.8 133.4 - - - - -

All numbers in USD currency

Multiples are an important financial analysis tool for the company Noble Midstream Partners LP, allowing investors and analysts to quickly assess the company’s value and investment attractiveness based on the ratio of market indicators to the company’s financial performance. Essentially, multiples express how the market values the company relative to its earnings, revenue, equity, or other key metrics.

Advantages of Using Financial Ratios
  • Simplified Data Analysis
    Financial ratios transform large volumes of accounting data into compact and easily interpretable indicators, significantly simplifying the assessment of the company’s condition.
  • Comparability Between Companies
    Multiples standardize financial metrics, enabling objective comparison of companies of different sizes, industries, and market capitalizations.
  • Identification of Trends and Issues
    Regular analysis of ratios helps track the dynamics of financial health, identify strengths and weaknesses of the business, as well as potential risks.
  • Decision Support
    Financial multiples serve as an important tool for investors, creditors, and company management in making investment, credit, and managerial decisions.
  • Accelerated Assessment of Investment Attractiveness
    Ratios allow quick determination of key performance, liquidity, and financial stability indicators, facilitating prompt evaluation of companies’ attractiveness for investments.

Using multiples enables comparison between companies, even if they differ in size or industry, as they standardize financial data into ratios convenient for analysis. This is especially useful for evaluating companies where direct analysis of financial statements may be complex or require in-depth knowledge.

Financial Ratios of other stocks in the Oil gas midstream industry

Issuer Price % 24h Market Cap Country
Overseas Shipholding Group Overseas Shipholding Group
OSG
- - $ 666 M usaUSA
Kinder Morgan Kinder Morgan
KMI
$ 31.19 2.01 % $ 69.3 B usaUSA
Cheniere Energy Partners, L.P. Cheniere Energy Partners, L.P.
CQP
$ 60.26 2.66 % $ 29.2 B usaUSA
Martin Midstream Partners L.P. Martin Midstream Partners L.P.
MMLP
$ 2.04 -1.92 % $ 79.8 M usaUSA
MPLX LP MPLX LP
MPLX
$ 56.7 -0.18 % $ 57.4 B usaUSA
Navigator Holdings Ltd. Navigator Holdings Ltd.
NVGS
$ 20.79 1.56 % $ 1.4 B britainBritain
Dynagas LNG Partners LP Dynagas LNG Partners LP
DLNG
$ 3.19 0.94 % $ 117 M greeceGreece
Plains All American Pipeline, L.P. Plains All American Pipeline, L.P.
PAA
$ 23.67 0.3 % $ 16.7 B usaUSA
Plains GP Holdings, L.P. Plains GP Holdings, L.P.
PAGP
$ 25.52 0.41 % $ 5.05 B usaUSA
Crestwood Equity Partners LP Crestwood Equity Partners LP
CEQP
- - $ 2.97 B usaUSA
Enterprise Products Partners L.P. Enterprise Products Partners L.P.
EPD
$ 37.13 1.16 % $ 80.1 B usaUSA
Star Group, L.P. Star Group, L.P.
SGU
$ 13.08 -0.61 % $ 448 M usaUSA
Teekay Corporation Teekay Corporation
TK
$ 12.92 0.62 % $ 1.11 B bermudaBermuda
Teekay Tankers Ltd. Teekay Tankers Ltd.
TNK
$ 85.68 0.66 % $ 2.96 B bermudaBermuda
Targa Resources Corp. Targa Resources Corp.
TRGP
$ 281.42 2.85 % $ 60.8 B usaUSA
TORM plc TORM plc
TRMD
$ 34.28 -0.74 % $ 3.37 B britainBritain
TC Energy Corporation TC Energy Corporation
TRP
$ 63.47 1.01 % $ 66 B canadaCanada
Brooge Energy Limited Brooge Energy Limited
BROG
- 13.04 % $ 478 M britainBritain
Western Midstream Partners, LP Western Midstream Partners, LP
WES
$ 41.1 0.24 % $ 17 B usaUSA
The Williams Companies The Williams Companies
WMB
$ 67.28 1.25 % $ 82.1 B usaUSA
Magellan Midstream Partners, L.P. Magellan Midstream Partners, L.P.
MMP
- - $ 13.9 B usaUSA
ONEOK ONEOK
OKE
$ 87.35 1.59 % $ 54.6 B usaUSA
Green Plains Partners LP Green Plains Partners LP
GPP
- - $ 286 M usaUSA
PBF Logistics LP PBF Logistics LP
PBFX
- -1.19 % $ 1.35 B usaUSA
Euronav NV Euronav NV
EURN
- - $ 3.69 B belgiumBelgium
U.S. Well Services U.S. Well Services
USWS
- -0.45 % $ 91 M usaUSA
Equitrans Midstream Corporation Equitrans Midstream Corporation
ETRN
- - $ 5.39 B usaUSA
DCP Midstream, LP DCP Midstream, LP
DCP
- -0.02 % $ 8.7 B usaUSA
Holly Energy Partners, L.P. Holly Energy Partners, L.P.
HEP
- - $ 2.59 B usaUSA
Shell Midstream Partners, L.P. Shell Midstream Partners, L.P.
SHLX
- - $ 6.22 B usaUSA
Summit Midstream Partners, LP Summit Midstream Partners, LP
SMLP
- - $ 167 M usaUSA
Evolve Transition Infrastructure LP Evolve Transition Infrastructure LP
SNMP
- -0.75 % $ 11.2 M usaUSA
NuStar Energy L.P. NuStar Energy L.P.
NS
- - $ 2.78 B usaUSA
Höegh LNG Partners LP Höegh LNG Partners LP
HMLP
- 0.05 % $ 308 M bermudaBermuda
Blueknight Energy Partners, L.P. Blueknight Energy Partners, L.P.
BKEP
- - $ 195 M usaUSA
Rattler Midstream LP Rattler Midstream LP
RTLR
- 2.95 % $ 545 M usaUSA
EnLink Midstream, LLC EnLink Midstream, LLC
ENLC
- - $ 6.52 B usaUSA
Enbridge Enbridge
ENB
$ 47.76 0.75 % $ 104 B canadaCanada
Delek Logistics Partners, LP Delek Logistics Partners, LP
DKL
$ 53.29 0.27 % $ 3.08 B usaUSA
Altus Midstream Company Altus Midstream Company
ALTM
- -0.79 % $ 1.07 B usaUSA
Genesis Energy, L.P. Genesis Energy, L.P.
GEL
$ 12.99 2.04 % $ 1.59 B usaUSA
Global Partners LP Global Partners LP
GLP
$ 43.0 3.71 % $ 1.46 B usaUSA
Enable Midstream Partners, LP Enable Midstream Partners, LP
ENBL
- 1.44 % $ 3.07 B usaUSA
Antero Midstream Corporation Antero Midstream Corporation
AM
$ 19.78 1.18 % $ 9.45 B usaUSA
Hess Midstream LP Hess Midstream LP
HESM
$ 30.46 -0.23 % $ 6.28 B usaUSA
Oasis Midstream Partners LP Oasis Midstream Partners LP
OMP
- 2.48 % $ 1.08 B usaUSA
Phillips 66 Partners LP Phillips 66 Partners LP
PSXP
- -2.33 % $ 7.93 B usaUSA
Dorian LPG Ltd. Dorian LPG Ltd.
LPG
$ 46.45 1.02 % $ 1.97 B usaUSA
Pembina Pipeline Corporation Pembina Pipeline Corporation
PBA
$ 49.02 0.58 % $ 28.5 B canadaCanada