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Magellan Midstream Partners LP Intrinsic Value: Projected FCF

: $35.73 (As of Today)
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Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2022-08-08), Magellan Midstream Partners LP's Intrinsic Value: Projected FCF is $35.73. The stock price of Magellan Midstream Partners LP is $49.88. Therefore, Magellan Midstream Partners LP's Price-to-Intrinsic-Value-Projected-FCF of today is 1.4.

The historical rank and industry rank for Magellan Midstream Partners LP's Intrinsic Value: Projected FCF or its related term are showing as below:

MMP' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.91   Med: 2.13   Max: 4.71
Current: 1.4

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Magellan Midstream Partners LP was 4.71. The lowest was 0.91. And the median was 2.13.

MMP's Price-to-Projected-FCF is ranked worse than
65.21% of 641 companies
in the Oil & Gas industry
Industry Median: 0.97 vs MMP: 1.40

Magellan Midstream Partners LP Intrinsic Value: Projected FCF Historical Data

The historical data trend for Magellan Midstream Partners LP's Intrinsic Value: Projected FCF 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.

Magellan Midstream Partners LP Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Intrinsic Value: Projected FCF
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 31.66 37.55 33.84 31.82 35.26

Magellan Midstream Partners LP Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Intrinsic Value: Projected FCF 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 Premium Member Only Premium Member Only Premium Member Only 33.25 33.70 35.26 34.36 35.73

Competitive Comparison

For the Oil & Gas Midstream subindustry, Magellan Midstream Partners LP's Intrinsic Value: Projected FCF, along with its competitors' market caps and Intrinsic Value: Projected FCF 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.

   

Magellan Midstream Partners LP Intrinsic Value: Projected FCF Distribution

For the Oil & Gas industry and Energy sector, Magellan Midstream Partners LP's Intrinsic Value: Projected FCF distribution charts can be found below:

* The bar in red indicates where Magellan Midstream Partners LP's Intrinsic Value: Projected FCF falls into.



Magellan Midstream Partners LP Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get Magellan Midstream Partners LP's Free Cash Flow(6 year avg) = $646.63.

Magellan Midstream Partners LP's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Jun22)*0.8)/Shares Outstanding (Diluted Average)
=(9.5203515959648*646.63232+1759.4*0.8)/211.700
=35.73

* 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.


Magellan Midstream Partners LP  (NYSE:MMP) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

Magellan Midstream Partners LP's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=49.88/35.728328009988
=1.40

* 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.


Magellan Midstream Partners LP Intrinsic Value: Projected FCF Related Terms

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Magellan Midstream Partners LP Business Description

Magellan Midstream Partners LP logo
Traded in Other Exchanges
N/A
Address
One Williams Center, P.O. Box 22186, Tulsa, OK, USA, 74121-2186
Magellan Midstream Partners is a master limited partnership that operates pipelines and storage terminals in the Central and Eastern United States. Its assets transport, store, and distribute refined petroleum products and crude and earn a fee-based stream of cash flows. Assets include the country's longest petroleum pipeline network and several crude oil pipelines. Refined products make about 70% of operating margin, with the remainder mainly crude-oil pipelines.
Executives
Somasundaram Sivasankaran director C/O APERGY CORPORATION 2445 TECHNOLOGY FOREST BLVD, BLD 4, FL 9 THE WOODLANDS TX 77381
Roles Mark B officer: Senior Vice President ONE WILLIAMS CENTER SUITE 2800 TULSA OK 74172
Pearson Michael C officer: Senior Vice President ONE WILLIAMS CENTER SUITE 2800 TULSA OK 74172
Joung Chansoo director C/O WARBURG PINCUS LLC 450 LEXINGTON AVENUE NEW YORK NY 10017
Holman Jeffrey L officer: Senior Vice President & CFO ONE WILLIAMS CENTER TULSA OK 74172
Little Melanie A officer: Senior Vice President ONE WILLIAMS CENTER, SUITE 2800 TULSA OK 74172
Guay Edward J director ONE WILLIAMS CENTER, SUITE 2800 TULSA OK 74172
Gobillot Lori director 5103 CITY WEST BLVD. 4TH FLOOR HOUSTON TX 77042
Aaronson Michael officer: Senior Vice President 16666 NORTHCHASE DRIVE HOUSTON TX 77060
Milford Aaron L officer: Senior Vice President & CFO ONE WILLIAMS CENTER TULSA OK 74172
Methvin Stacy P. director 777 HIDDEN RIDGE IRVING TX 75038
Barnes Robert L officer: Senior Vice President ONE WILLIAMS CENTER SUITE 2800 TULSA OK 74172
Osborne Michael P officer: Senior VP & CFO ONE WILLIAMS CENTER SUITE 2800 TULSA OK 74172
May Douglas J officer: Senior Vice President ONE WILLIAMS CENTER, SUITE 4100 TULSA OK 74172
Davied Larry J officer: Senior Vice President ONE WILLIAMS CENTER SUITE 2800 TULSA OK 74172

Magellan Midstream Partners LP Headlines

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