Company Valuation: ONEOK, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 26,203 29,365 40,907 58,659 46,249 59,603 - -
Change - 12.07% 39.3% 43.4% -21.16% 28.87% - -
Enterprise Value (EV) 1 39,700 42,765 62,236 90,003 78,987 88,048 88,204 87,417
Change - 7.72% 45.53% 44.62% -12.24% 11.47% 0.18% -0.89%
P/E 17.5x 17.1x 12.8x 19.4x 13.6x 16.1x 15.3x 13.9x
PBR 4.36x 4.52x 2.48x 3.44x 2.06x 2.57x 2.46x 2.3x
PEG - 1.2x 0.3x -3.43x 2.81x 1.99x 2.74x 1.41x
Capitalization / Revenue 1.58x 1.31x 2.31x 2.7x 1.38x 1.24x 1.38x 1.33x
EV / Revenue 2.4x 1.91x 3.52x 4.15x 2.35x 1.83x 2.05x 1.95x
EV / EBITDA 11.7x 11.8x 11.9x 13.3x 9.85x 10.4x 9.51x 8.9x
EV / EBIT 15.3x 15.2x 15.3x 18x 13.8x 13.8x 12.8x 11.7x
EV / FCF 21.5x 25.1x 22x 31.4x 32.3x 28.5x 22x 20.2x
FCF Yield 4.66% 3.98% 4.54% 3.19% 3.1% 3.51% 4.54% 4.94%
Dividend per Share 2 3.74 3.74 3.82 3.96 4.12 4.307 4.469 4.641
Rate of return 6.36% 5.69% 5.44% 3.94% 5.61% 4.56% 4.73% 4.91%
EPS 2 3.35 3.84 5.48 5.17 5.42 5.859 6.186 6.797
Distribution rate 112% 97.4% 69.7% 76.6% 76% 73.5% 72.2% 68.3%
Net sales 1 16,540 22,387 17,677 21,698 33,629 48,176 43,126 44,737
EBITDA 1 3,380 3,620 5,243 6,784 8,020 8,497 9,272 9,820
EBIT 1 2,596 2,807 4,072 4,989 5,741 6,388 6,904 7,465
Net income 1 1,500 1,721 2,658 3,034 3,393 4,147 3,987 4,390
Net Debt 1 13,497 13,401 21,329 31,344 32,738 28,446 28,602 27,815
Reference price 2 58.76 65.70 70.22 100.40 73.50 94.54 94.54 94.54
Nbr of stocks (in thousands) 445,937 446,954 582,551 584,251 629,232 630,448 - -
Announcement Date 2/28/22 A 2/27/23 A 2/26/24 A 2/24/25 A 2/23/26 A - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
16.43x2.04x10.46x4.49% 60.53B
12.9x2.6x5.62x2.28% 178B
12.59x3.44x6.53x3.27% 111B
8.92x2.9x4.79x2.55% 84.5B
16.52x3.84x10.18x5.66% 65.99B
6.86x2.47x3.84x1.67% 62.71B
9.43x2.61x5.07x2.17% 58.91B
7.78x1.36x4.25x1.96% 58.4B
10.66x3.36x4.79x2.12% 57.26B
11.99x3.26x5x6.15% 44.37B
Average 11.41x 2.79x 6.05x 3.23% 78.19B
Weighted average by Cap. 11.66x 2.81x 6.04x 3.04%

Y-o-Y evolution of P/E

Valuation ratios - P/E - ONEOK, Inc.

Historical PBR trend

Valuation ratios - PBR - ONEOK, Inc.

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - ONEOK, Inc.

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - ONEOK, Inc.


Year-on-year evolution of the Yield

Valuation ratios - Yield - ONEOK, Inc.
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