Stock Analysis on Net

Kinder Morgan Inc. (NYSE:KMI)

This company has been moved to the archive! The financial data has not been updated since April 29, 2020.

Enterprise Value to EBITDA (EV/EBITDA)

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Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)

Kinder Morgan Inc., EBITDA calculation

US$ in millions

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12 months ended: Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Net income attributable to Kinder Morgan, Inc. 2,190 1,609 183 708 253
Add: Net income attributable to noncontrolling interest 49 310 40 13 (45)
Add: Income tax expense 926 587 1,938 917 564
Earnings before tax (EBT) 3,165 2,506 2,161 1,638 772
Add: Interest, net 1,801 1,917 1,832 1,806 2,051
Earnings before interest and tax (EBIT) 4,966 4,423 3,993 3,444 2,823
Add: Depreciation, depletion and amortization 2,411 2,297 2,261 2,209 2,309
Earnings before interest, tax, depreciation and amortization (EBITDA) 7,377 6,720 6,254 5,653 5,132

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

Item Description The company
EBITDA To calculate EBITDA analysts start with net earnings. To that earnings number, interest, taxes, depreciation, and amortization are added. EBITDA as a pre-interest number is a flow to all providers of capital. Kinder Morgan Inc. EBITDA increased from 2017 to 2018 and from 2018 to 2019.

Enterprise Value to EBITDA Ratio, Current

Kinder Morgan Inc., current EV/EBITDA calculation, comparison to benchmarks

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Selected Financial Data (US$ in millions)
Enterprise value (EV) 69,130
Earnings before interest, tax, depreciation and amortization (EBITDA) 7,377
Valuation Ratio
EV/EBITDA 9.37
Benchmarks
EV/EBITDA, Competitors1
Chevron Corp. 6.37
ConocoPhillips 5.65
Exxon Mobil Corp. 7.40
Marathon Petroleum Corp. 3.94
Occidental Petroleum Corp. 5.14
Valero Energy Corp. 3.47
EV/EBITDA, Sector
Oil, Gas & Consumable Fuels 10.99
EV/EBITDA, Industry
Energy 12.32

Based on: 10-K (reporting date: 2019-12-31).

1 Click competitor name to see calculations.

If the company EV/EBITDA is lower then the EV/EBITDA of benchmark then company is relatively undervalued.
Otherwise, if the company EV/EBITDA is higher then the EV/EBITDA of benchmark then company is relatively overvalued.


Enterprise Value to EBITDA Ratio, Historical

Kinder Morgan Inc., historical EV/EBITDA calculation, comparison to benchmarks

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Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in millions)
Enterprise value (EV)1 83,003 75,637 77,038 89,819 78,079
Earnings before interest, tax, depreciation and amortization (EBITDA)2 7,377 6,720 6,254 5,653 5,132
Valuation Ratio
EV/EBITDA3 11.25 11.26 12.32 15.89 15.21
Benchmarks
EV/EBITDA, Competitors4
Chevron Corp. 6.39
ConocoPhillips 4.13
Exxon Mobil Corp. 6.91
Marathon Petroleum Corp. 7.23
Occidental Petroleum Corp. 10.32
Valero Energy Corp. 6.00
EV/EBITDA, Sector
Oil, Gas & Consumable Fuels 6.54
EV/EBITDA, Industry
Energy 7.51

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

1 See details »

2 See details »

3 2019 Calculation
EV/EBITDA = EV ÷ EBITDA
= 83,003 ÷ 7,377 = 11.25

4 Click competitor name to see calculations.

Valuation ratio Description The company
EV/EBITDA Enterprise value to earnings before interest, tax, depreciation and amortization is a valuation indicator for the overall company rather than common stock. Kinder Morgan Inc. EV/EBITDA ratio decreased from 2017 to 2018 and from 2018 to 2019.