Dt Midstream, Inc.

Utilities
Natural Gas Distribution
www.dtmidstream.com

Earnings Score
Moat Score
Safety Score

Market Cap $9.57B
PE 24
Debt $2.70B
Cash $77.00M
EV $12.19B
FCF $385.00M

Earnings

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Sales & Net Margins

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Earnings	$402.00M
EBIT	$511.00M
ROE	9%
ROA	6%
FCF	$385.00M
Equity	$4.36B
Growth Stability	100%
PE	23.8
PEG	2.76
PB	2.2
P/FCF	24.85
P/S	9.8
Price/Cash	0.01
Debt/Equity	0.62
Debt/FCF	7.01
Net Margins	38%
Op. Margins	52%
Earnings CAGR	9%
Sales Growth YoY	6%
Sales Growth QoQ	2%
Sales CAGR	6%
FCF CAGR	-17%
Equity CAGR	2%
Earnings Stability	0.08
Earnings Growth YoY	-3%
Earnings Growth QoQ	-8%
Earnings CAGR 5Y	9%

Sales CAGR 5Y	6%
FCF CAGR 5Y	-17%
Equity CAGR 5Y	2%
Earnings CAGR 3Y	5%
Sales CAGR 3Y	5%
FCF CAGR 3Y	-37%
Equity CAGR 3Y	3%
Market Cap	$9.57B
Revenue	$976.00M
Dividend Yield	3%
Payout Ratio	70%
Assets	$8.59B
Total Debt	$2.70B
Cash	$77.00M
Shares Outstanding	96.9M
EV	12.19B
Earnings Score	7%
Moat Score	86%
Safety Score	81%
Final Score	58%
Working Capital	-13M
Current Ratio	0.95
Shares Growth 3y	0%
Equity Growth QoQ	0%
Equity Growth YoY	3%

Assets & ROA

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Stockholders Equity & ROE

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DT Midstream (NYSE: DTM) is an owner, operator and developer of natural gas interstate and intrastate pipelines, storage and gathering systems, compression, treatment, and surface facilities.

SEC Filings

Direct access to Dt Midstream, Inc. (DTM) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Dt Midstream, Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Dt Midstream, Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 9%

Stability 8%

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Dt Midstream, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Dt Midstream, Inc..

Years

Calculation mode

= $1.3B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$385M	$319M	$264M	$219M	$182M	$150M	$125M	$103M	$86M	$71M	$59M	$588M
DCF		$290M	$218M	$165M	$124M	$93M	$70M	$53M	$40M	$30M	$23M	$227M
Value	$1.3B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	40%	41%	37%	40%	42%	38%
ROA	-	5%	5%	5%	6%	6%
ROE	-	7%	8%	9%	9%	9%

Good Net Margins (38.39%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	0	7.19	8.86	125.54	7.01
Debt over Equity	-	0	0.77	0.83	0.76	0.62
Growth Stability	-	-	-	100%	100%	100%

Bad Debt/FCF ratio (7.01)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Good Debt/Equity ratio (0.62)

The company is not overleveraged and has a good balance between equity and debt.

Good Graham’s Stability (100%)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	50%	11%	10%	0%	6%
Earnings YoY growth	-	53%	-2%	21%	4%	9%
Equity YoY growth	-	14%	-5%	3%	3%	2%
FCF YoY growth	-	-56%	447%	-10%	-93%	-17%