PLAINS ALL AMERICAN PIPELINE, L.P. Financials Plains All American Pipeline, L.P.
Equities
PAA
US7265031051
Oil & Gas Transportation Services
|
Real-time Estimate
Other stock markets
|
5-day change | 1st Jan Change | ||
| 17.6 USD | -1.04% |
|
+0.49% | +16.01% |
| May. 08 | Wells Fargo Adjusts Plains All American Pipeline's Price Target to $20 From $19, Keeps Overweight Rating | MT |
| May. 03 | Sector Update: Energy Stocks Edge Higher Premarket Friday | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 13,388 | 6,003 | 6,642 | 8,212 | 10,620 | 12,465 | - | - |
| Enterprise Value (EV) 1 | 23,034 | 16,194 | 15,413 | 16,257 | 17,921 | 19,417 | 19,551 | 19,157 |
| P/E ratio | 6.94 x | -2.15 x | 17 x | 9.88 x | 10.8 x | 13.2 x | 11.2 x | 13.5 x |
| Yield | 7.5% | 8.74% | 7.71% | 7.82% | 7.39% | 7.27% | 8.23% | 8.96% |
| Capitalization / Revenue | 0.4 x | 0.26 x | 0.16 x | 0.14 x | 0.22 x | 0.24 x | 0.23 x | 0.22 x |
| EV / Revenue | 0.68 x | 0.7 x | 0.37 x | 0.28 x | 0.37 x | 0.38 x | 0.36 x | 0.34 x |
| EV / EBITDA | 7.12 x | 6.33 x | 6.73 x | 6.48 x | 6.61 x | 7.17 x | 7.14 x | 6.97 x |
| EV / FCF | 17.4 x | 20.9 x | 9.28 x | 10.1 x | 9.97 x | 15.7 x | 13.4 x | 13.3 x |
| FCF Yield | 5.74% | 4.79% | 10.8% | 9.9% | 10% | 6.37% | 7.48% | 7.49% |
| Price to Book | 1.02 x | 0.63 x | 0.66 x | 0.82 x | 1.02 x | 1.5 x | 1.47 x | 1.5 x |
| Nbr of stocks (in thousands) | 728,029 | 728,477 | 711,122 | 698,333 | 700,993 | 701,071 | - | - |
| Reference price 2 | 18.39 | 8.240 | 9.340 | 11.76 | 15.15 | 17.78 | 17.78 | 17.78 |
| Announcement Date | 2/4/20 | 2/9/21 | 2/9/22 | 2/8/23 | 2/9/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 33,669 | 23,290 | 42,043 | 57,342 | 48,712 | 51,050 | 54,561 | 55,843 |
| EBITDA 1 | 3,237 | 2,560 | 2,290 | 2,510 | 2,711 | 2,709 | 2,738 | 2,750 |
| EBIT 1 | 1,988 | -2,375 | 851 | 1,292 | 1,510 | 1,680 | 1,711 | 1,737 |
| Operating Margin | 5.9% | -10.2% | 2.02% | 2.25% | 3.1% | 3.29% | 3.14% | 3.11% |
| Earnings before Tax (EBT) 1 | 2,246 | -2,599 | 721 | 1,417 | 1,623 | 1,597 | 1,690 | 1,568 |
| Net income 1 | 1,967 | -2,790 | 393 | 831 | 976 | 996 | 1,063 | 845.3 |
| Net margin | 5.84% | -11.98% | 0.93% | 1.45% | 2% | 1.95% | 1.95% | 1.51% |
| EPS 2 | 2.650 | -3.830 | 0.5500 | 1.190 | 1.400 | 1.350 | 1.589 | 1.319 |
| Free Cash Flow 1 | 1,323 | 776 | 1,660 | 1,610 | 1,798 | 1,237 | 1,462 | 1,436 |
| FCF margin | 3.93% | 3.33% | 3.95% | 2.81% | 3.69% | 2.42% | 2.68% | 2.57% |
| FCF Conversion (EBITDA) | 40.87% | 30.31% | 72.49% | 64.14% | 66.32% | 45.64% | 53.4% | 52.21% |
| FCF Conversion (Net income) | 67.26% | - | 422.39% | 193.74% | 184.22% | 124.17% | 137.57% | 169.84% |
| Dividend per Share 2 | 1.380 | 0.7200 | 0.7200 | 0.9200 | 1.120 | 1.293 | 1.463 | 1.593 |
| Announcement Date | 2/4/20 | 2/9/21 | 2/9/22 | 2/8/23 | 2/9/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 10,776 | 12,954 | 13,694 | 16,359 | 14,336 | 12,952 | 12,341 | 11,602 | 12,071 | 12,698 | 11,995 | 12,587 | 13,025 | 13,479 | 13,421 |
| EBITDA 1 | 519 | 646 | 690 | 615 | 623 | 659 | 715 | 597 | 662 | 737 | 718 | 629.5 | 652 | 718.3 | 724.5 |
| EBIT 1 | -38 | 600 | 293 | 411 | 626 | -37 | 473 | 378 | 234 | 426 | 370 | 354.3 | 385.3 | 498.6 | 483.3 |
| Operating Margin | -0.35% | 4.63% | 2.14% | 2.51% | 4.37% | -0.29% | 3.83% | 3.26% | 1.94% | 3.35% | 3.08% | 2.81% | 2.96% | 3.7% | 3.6% |
| Earnings before Tax (EBT) 1 | -85 | 585 | 246 | 298 | 551 | 322 | 528 | 392 | 265 | 438 | 365 | 353 | 391 | 572 | 507.8 |
| Net income 1 | -109 | 398 | 187 | 153 | 333 | 210 | 422 | 227 | 140 | 248 | 266 | - | 305 | 459 | 361.8 |
| Net margin | -1.01% | 3.07% | 1.37% | 0.94% | 2.32% | 1.62% | 3.42% | 1.96% | 1.16% | 1.95% | 2.22% | - | 2.34% | 3.41% | 2.7% |
| EPS 2 | -0.1500 | 0.5600 | 0.1900 | 0.2200 | 0.4800 | 0.3000 | 0.5200 | 0.3200 | 0.2000 | 0.3500 | 0.2900 | 0.3358 | 0.3736 | 0.4521 | 0.5539 |
| Dividend per Share 2 | 0.1800 | 0.1800 | 0.2175 | 0.2175 | 0.2175 | 0.2675 | 0.2675 | 0.2675 | 0.2675 | 0.3175 | 0.3186 | 0.3186 | 0.3186 | 0.3451 | 0.3559 |
| Announcement Date | 11/2/21 | 2/9/22 | 5/4/22 | 8/3/22 | 11/2/22 | 2/8/23 | 5/5/23 | 8/4/23 | 11/3/23 | 2/9/24 | 5/3/24 | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 9,646 | 10,191 | 8,771 | 8,045 | 7,301 | 6,952 | 7,086 | 6,692 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.98 x | 3.981 x | 3.83 x | 3.205 x | 2.693 x | 2.566 x | 2.588 x | 2.433 x |
| Free Cash Flow 1 | 1,323 | 776 | 1,660 | 1,610 | 1,798 | 1,237 | 1,462 | 1,436 |
| ROE (net income / shareholders' equity) | 15.7% | -24.6% | 6.98% | 10.9% | 12.2% | 10.9% | 12.9% | 13.1% |
| ROA (Net income/ Total Assets) | 7.26% | -10.5% | 2.57% | 3.86% | 3.53% | 2.5% | 2.7% | 3.1% |
| Assets 1 | 27,094 | 26,587 | 15,279 | 21,518 | 27,624 | 39,840 | 39,358 | 27,269 |
| Book Value Per Share 2 | 17.90 | 13.20 | 14.10 | 14.40 | 14.90 | 11.90 | 12.10 | 11.90 |
| Cash Flow per Share 2 | 3.130 | 2.080 | 2.790 | 3.440 | 3.900 | 3.540 | 3.480 | - |
| Capex 1 | 1,779 | 1,213 | 463 | 539 | 630 | 668 | 587 | 612 |
| Capex / Sales | 5.28% | 5.21% | 1.1% | 0.94% | 1.29% | 1.31% | 1.07% | 1.1% |
| Announcement Date | 2/4/20 | 2/9/21 | 2/9/22 | 2/8/23 | 2/9/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
21
Last Close Price
17.78
USD
Average target price
19.42
USD
Spread / Average Target
+9.25%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +17.36% | 12.47B | |
| +7.21% | 79.45B | |
| +8.65% | 62.17B | |
| +13.64% | 48.24B | |
| +13.97% | 46.71B | |
| +13.43% | 42.32B | |
| +7.77% | 42.19B | |
| +0.85% | 39.58B | |
| +30.76% | 25.18B | |
| -3.07% | 23.36B |
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