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Spectra Energy Partners LP (Spectra Energy Partners LP) Net Cash per Share : $-21.88 (As of Sep. 2018)


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What is Spectra Energy Partners LP Net Cash per Share?

Net Cash per Share is calculated as Cash, Cash Equivalents, Marketable Securities minus Total Liabilities minus Minority Interest and then divided by Shares Outstanding (EOP). Spectra Energy Partners LP's Net Cash per Share for the quarter that ended in Sep. 2018 was $-21.88.

The historical rank and industry rank for Spectra Energy Partners LP's Net Cash per Share or its related term are showing as below:

SEP's Price-to-Net-Cash is not ranked *
in the Oil & Gas industry.
Industry Median: 5.25
* Ranked among companies with meaningful Price-to-Net-Cash only.

Spectra Energy Partners LP Net Cash per Share Historical Data

The historical data trend for Spectra Energy Partners LP's Net Cash per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Spectra Energy Partners LP Net Cash per Share Chart

Spectra Energy Partners LP Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Net Cash per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only -23.44 -23.41 -27.60 -30.26 -33.33

Spectra Energy Partners LP Quarterly Data
Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18
Net Cash per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -29.50 -33.33 -21.64 -20.84 -21.88

Competitive Comparison of Spectra Energy Partners LP's Net Cash per Share

For the Oil & Gas Midstream subindustry, Spectra Energy Partners LP's Price-to-Net-Cash, along with its competitors' market caps and Price-to-Net-Cash data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Spectra Energy Partners LP's Price-to-Net-Cash Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Spectra Energy Partners LP's Price-to-Net-Cash distribution charts can be found below:

* The bar in red indicates where Spectra Energy Partners LP's Price-to-Net-Cash falls into.



Spectra Energy Partners LP Net Cash per Share Calculation

In the calculation of a company's Net Cash per Share, assets other than cash and short term investments are considered to be worth nothing. But the company has to pay its debt and other liabilities in full. This is an extremely conservative way of valuation. Most companies have negative Net Cash per Share. But sometimes a company's price may be lower than its net-cash.

Spectra Energy Partners LP's Net Cash per Share for the fiscal year that ended in Dec. 2017 is calculated as

Net Cash per Share (A: Dec. 2017 )
=(Cash, Cash Equivalents, Marketable Securities-Total Liabilities-Minority Interest)/Shares Outstanding (EOP)
=(107-10155-365)/312.4
=-33.33

Spectra Energy Partners LP's Net Cash per Share for the quarter that ended in Sep. 2018 is calculated as

Net Cash per Share (Q: Sep. 2018 )
=(Cash, Cash Equivalents, Marketable Securities-Total Liabilities-Minority Interest)/Shares Outstanding (EOP)
=(156-10409-358)/484.9
=-21.88

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Spectra Energy Partners LP  (NYSE:SEP) Net Cash per Share Explanation

Ben Graham invested in situations where the company's stock price was lower than its net-cash. He assigned some value to the company's other current asset. The value is called Net Current Asset Value (NCAV). One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.

You can find companies that are traded below their Net Current Asset Value (NCAV) with our Net-Net screener.


Spectra Energy Partners LP Net Cash per Share Related Terms

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Spectra Energy Partners LP (Spectra Energy Partners LP) Business Description

Traded in Other Exchanges
N/A
Address
Spectra Energy Partners is a master limited partnership that is majority owned by its general partner and corporate parent, Enbridge, a Canadian energy company. SEP owns more than 15,000 miles of natural gas and oil pipelines in the U.S. and Canada. It also owns 170 billion cubic feet of gas storage and 5.6 million barrels of crude oil storage, as well as gas- and oil-gathering facilities.
Executives
Michael G Morris director AMERICAN ELECTRIC POWER, 1 RIVERSIDE PLAZA, COLUMBUS OH 43215
J D Woodward director
William T. Yardley director, officer: President & Chairman 5400 WESTHEIMER COURT, HOUSTON TX 77056
Nora Mead Brownell director C/O COMVERGE, INC., 120 EAGLE ROCK AVENUE, SUITE 190, EAST HANOVER NJ 07936
Laura Buss Sayavedra director, officer: See Remarks 5400 WESTHEIMER COURT, HOUSTON TX 77056
Stephen J Neyland officer: Vice President-Finance 5400 WESTHEIMER COURT, HOUSTON TX 77056
John K Whelen director 425 - 1ST STREET SW, CALGARY A0 T2P 3L8
Vernon D Yu director, officer: Chief Development Officer 425 - 1ST STREET SW, CALGARY A0 T2P 3L8
Allen C Capps officer: Controller 5400 WESTHEIMER COURT, HOUSTON TX 77056-5310
Gregory L Ebel director, officer: President & CEO
Fred J Fowler director C/O DCP MIDSTREAM, 370 17TH STREET, SUITE 2500, DENVER CO 80202
Julie Dill director 1301 RIVERPLACE BOULEVARD, SUITE 2300, JACKSONVILLE FL 32207
Dorothy M Ables director 5400 WESTHEIMER COURT, HOUSTON TX 77056
Reginald D Hedgebeth officer: General Counsel 9950 MAYLAND DRIVE, RICHMOND VA 23233
Steven D Arnold director 5400 WESTHEIMER COURT, HOUSTON TX 77056

Spectra Energy Partners LP (Spectra Energy Partners LP) Headlines