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v0.1
ET$19.32+0.78%
Fair $19.32+0.0%

ET

Energy Transfer LP

Energy / Oil & Gas MidstreamNYSE

$19.32

+0.15 (+0.78%)

Fairly Valued+0.0%Fair Value $19.32Fund rank 31/100 · Data gapFallback financials|
SA 21/D
F-Score: 4/9
High Debt

FCF base 3Y

n/d

n/d CAGR · yield n/d

FCF base 5Y

n/d

n/d base · n/d expected

Precio de entrada

n/d

MOS 23% · confianza 25%

FCF escenarios

weak_data · normalized FCF $6.4B · quality 57.3/100

Data gap 31/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 79/100Data QA 20/100

Ranking barato/determinista: CAGR esperado 5Y + downside bear + calidad del modelo + balance + capital allocation + data gate. No entra en buy-candidate si la data es débil o el CAGR 5Y no compensa.

Quality + valuation scorecard

SA Score

21/100

D

Piotroski

4/9

balance/quality

Valuation

50/100

+0.0% upside

5Y CAGR

+0.0%

50/100

Data QA

20/100

SEC 0%

Latest source: unknownPeriods: 18Warnings: 1unknown: 18
No SEC-backed annual rows; valuation uses fallback financial data. Sector-specific commodity mid-cycle model required: targets are disabled until normalized cycle price/cost-curve/reserve data exists. Debt-to-Equity ratio is 2.04, above the 2.0 threshold
Thesis & Journal · ETLocal privado en este navegador · Energy Transfer LP
Plantilla tipo buy-side: tesis, bull/base/bear, catalizadores, riesgos, kill criteria y fecha de revisión. Esto no gasta GPT-5.5; luego lo usamos como contexto del memo.

Sin guardar todavía.

Market Cap

$66.5B

P/E

16.1x

↑

EV/EBITDA

8.9x

↑

ROE

12.9%

↑

Gross Margin

19.1%

↓

Debt/Equity

2.04

↑
52-Week Range$19
$16$21

TradingView lightweight chart

ET price, volumen y niveles de valoración

Último $19.32Periodo +241.2%
Fair value: $19.32

Price & Ratios

Absolute Values (Left Axis)

Ratios / Percentages (Right Axis)

Financial statement dashboard

Crecimiento, márgenes y provenance

2008–2025 · 17 años de histórico normalizado

Revenue CAGR

+13.9%

FCF CAGR

—

FCF margin

4.5%

FCF / Net income

0.87x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $85.54B · net income $4.43B · FCF $3.85B

2008-FY → 2025-FY

Gross margin

19.1%— pts

Operating margin

10.9%-0.9% pts

Net margin

5.2%+1.1% pts

FCF margin

4.5%— pts
MetricTTM
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
Income Statement
Revenue$85.54B$85.54B$82.67B$78.59B$89.88B$67.42B$38.95B$54.21B$54.09B$40.52B$31.79B$36.10B$55.69B$48.34B$16.96B$8.19B$6.56B$5.42B$9.29B
Net Income$4.43B$4.43B$4.81B$3.94B$4.76B$5.47B$-648.0M$3.52B$1.75B$954.0M$995.0M$1.19B$633.0M$196.0M$304.0M$310.0M$193.0M$442.5M$375.0M
EBITDA$15.21B$15.21B$15.40B$12.56B$12.54B$12.61B$6.66B$10.35B$8.26B$5.28B$4.07B$4.24B$4.19B$2.86B$2.23B$1.82B$1.45B$1.44B$1.37B
EPS1.211.211.281.091.40——————————————
Gross Margin19.1%19.1%18.8%17.4%15.0%———————13.1%12.0%22.8%36.9%37.9%——
Operating Margin10.9%10.9%11.1%10.6%9.0%13.0%7.7%13.3%10.0%6.7%5.8%6.3%4.4%3.2%8.0%15.1%15.9%20.5%11.8%
Net Margin5.2%5.2%5.8%5.0%5.3%8.1%-1.7%6.5%3.2%2.4%3.1%3.3%1.1%0.4%1.8%3.8%2.9%8.2%4.0%
Balance Sheet
Debt/Equity2.042.041.721.451.49——————————————
Current Ratio1.171.17—————————————————
Cash Flow
Free Cash Flow$3.85B$3.85B$7.34B$6.42B$5.67B——————————————
Returns
ROE12.9%12.9%13.7%10.7%14.4%——————————————
Valuation
P/E16.1016.1015.3412.808.68——————————————
EV/EBITDA8.908.908.287.756.89——————————————
P/B1.941.941.911.211.14——————————————
Growth & Yield
Revenue Growth3.5%3.5%5.2%-12.6%—73.1%-28.1%0.2%33.5%27.5%-11.9%-35.2%15.2%184.9%107.1%24.9%21.0%-41.7%—
EPS Growth-5.5%-5.5%17.4%-22.1%———————————————
Dividend Yield7.0%7.0%—————————————————

Revenue, Net Income & Free Cash Flow ($B)

Margins (%)

Returns (%)

Leverage & Liquidity

Reverse DCF · market-implied EPS growthterminal P/E 15.0x · COE 10.0%

3Y implied EPS CAGR

12.3%

razonable

EPS terminal req.

$1.71

Spread vs growth

-17.8%

5Y implied EPS CAGR

11.4%

razonable

EPS terminal req.

$2.07

Spread vs growth

-16.9%

10Y implied EPS CAGR

10.7%

razonable

EPS terminal req.

$3.34

Spread vs growth

-16.2%

Qué te dice: cuánto EPS CAGR está descontando el precio si sales al múltiplo terminal indicado. Si el growth observado queda por debajo, el mercado está pidiendo una ejecución muy fina.

Return attribution · 1Y approxreconcilia total +17.5%

Total return

+17.5%

Start / end P/E

13.7x → 16.0x

EPS bridge

1.28 → 1.21

Residual

-0.9%

EPS growth-5.5%
Multiple rerating+16.9%
Dividend+7.0%
Residual / FX / buybacks / cross-term-0.9%

Simple additive decomposition: total return = EPS growth contribution + P/E multiple contribution + dividend contribution + explicit residual. The residual captures cross-terms, buybacks/share-count effects, FX, special dividends, data noise and methodology mismatch so the bridge always reconciles.