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 60,402 - -
Change - 12.07% 39.3% 43.4% -21.16% 30.6% - -
Enterprise Value (EV) 1 39,700 42,765 62,236 90,003 78,987 90,495 90,103 89,363
Change - 7.72% 45.53% 44.62% -12.24% 14.57% -0.43% -0.82%
P/E 17.5x 17.1x 12.8x 19.4x 13.6x 16.7x 15.6x 13.9x
PBR 4.36x 4.52x 2.48x 3.44x 2.06x 2.6x 2.52x 2.4x
PEG - 1.2x 0.3x -3.43x 2.81x 2.71x 2.26x 1.2x
Capitalization / Revenue 1.58x 1.31x 2.31x 2.7x 1.38x 1.43x 1.47x 1.42x
EV / Revenue 2.4x 1.91x 3.52x 4.15x 2.35x 2.14x 2.19x 2.1x
EV / EBITDA 11.7x 11.8x 11.9x 13.3x 9.85x 10.7x 10x 9.36x
EV / EBIT 15.3x 15.2x 15.3x 18x 13.8x 14.5x 13.8x 12.8x
EV / FCF 21.5x 25.1x 22x 31.4x 32.3x 26.9x 21.7x 19.7x
FCF Yield 4.66% 3.98% 4.54% 3.19% 3.1% 3.72% 4.62% 5.08%
Dividend per Share 2 3.74 3.74 3.82 3.96 4.12 4.308 4.471 4.641
Rate of return 6.36% 5.69% 5.44% 3.94% 5.61% 4.5% 4.67% 4.84%
EPS 2 3.35 3.84 5.48 5.17 5.42 5.754 6.152 6.886
Distribution rate 112% 97.4% 69.7% 76.6% 76% 74.9% 72.7% 67.4%
Net sales 1 16,540 22,387 17,677 21,698 33,629 42,224 41,209 42,571
EBITDA 1 3,380 3,620 5,243 6,784 8,020 8,434 8,986 9,548
EBIT 1 2,596 2,807 4,072 4,989 5,741 6,224 6,517 6,977
Net income 1 1,500 1,721 2,658 3,034 3,393 3,630 3,882 4,295
Net Debt 1 13,497 13,401 21,329 31,344 32,738 30,093 29,701 28,961
Reference price 2 58.76 65.70 70.22 100.40 73.50 95.82 95.82 95.82
Nbr of stocks (in thousands) 445,937 446,954 582,551 584,251 629,232 630,370 - -
Announcement Date 2/28/22 2/27/23 2/26/24 2/24/25 2/23/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
16.65x2.14x10.73x4.5% 60.4B
24x3.23x13x5.62% 110B
30.39x10.2x14.67x2.81% 91.92B
13.1x1.88x10.77x5.7% 84.91B
20.43x5.59x11.28x3.79% 69.94B
21.83x9.48x12.76x4.01% 66.03B
25.88x4.3x13.83x1.71% 62.48B
13.94x6.57x11.86x7.55% 61.06B
14.91x4.22x11.88x4.65% 33.84B
21.96x6.48x12.58x4.3% 28.63B
Average 20.31x 5.41x 12.34x 4.46% 66.88B
Weighted average by Cap. 20.95x 5.38x 12.44x 4.5%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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  4. Valuation Oneok, Inc.
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