Last Price$195.7(3.0%)
Market Cap$44.6B
LTM NOPAT
$2,233.9M
NOPAT margin
13.6%
5Y avg: 4.3%
EPV as % of EV
48.5%
Market-Implied Value of Growth,
MIVoG as % of EV
51.5%
Discount rate
8.7%
Stock quality
6/10
Good
TRGP Earnings Power Value Model
| (USD M) | Mar'20 | Jun'20 | Sep'20 | Dec'20 | Mar'21 | Jun'21 | Sep'21 | Dec'21 | Mar'22 | Jun'22 | Sep'22 | Dec'22 | Mar'23 | Jun'23 | Sep'23 | Dec'23 | Mar'24 | Jun'24 | Sep'24 | Dec'24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
LTM Revenue % growth | 8,420.6 (18.5%) | 7,948.8 (19.5%) | 8,161.4 (7.2%) | 8,260.3 (4.7%) | 9,844.1 16.9% | 11,736.5 47.7% | 14,081.1 72.5% | 16,949.9 105.2% | 18,276.3 85.7% | 20,916.2 78.2% | 21,816.6 54.9% | 20,929.8 23.5% | 20,491.2 12.1% | 17,839.1 (14.7%) | 16,375.6 (24.9%) | 16,052.6 (23.3%) | 16,129.6 (21.3%) | 16,344.5 (8.4%) | 16,299.7 (0.5%) | 16,473.2 2.6% |
LTM NOPAT % growth | (1,599.2) N/A | (1,481.8) (7.3%) | (1,278.9) (13.7%) | (1,098.1) (14.1%) | 1,029.4 N/A | 1,017.2 (1.2%) | 1,135.3 11.6% | 835.3 (26.4%) | 768.2 (8.0%) | 916.8 19.3% | 963.0 5.0% | 1,592.1 65.3% | 2,037.2 28.0% | 2,161.9 6.1% | 2,178.2 0.8% | 2,128.6 (2.3%) | 1,968.8 (7.5%) | 1,990.4 1.1% | 2,168.0 8.9% | 2,233.9 3.0% |
Discount rate | 1.4% | 3.4% | 3.3% | 4.0% | 4.2% | 4.8% | 5.7% | 5.8% | 7.1% | 6.6% | 7.3% | 6.9% | 6.6% | 6.7% | 7.4% | 6.9% | 7.7% | 8.2% | 7.8% | 8.7% |
| Earnings Power Value (EPV) | (115,139.0) | (43,990.6) | (38,978.4) | (27,702.3) | 24,746.9 | 21,030.9 | 19,830.0 | 14,331.5 | 10,796.3 | 13,978.6 | 13,275.6 | 23,214.8 | 30,816.4 | 32,116.5 | 29,470.4 | 30,812.9 | 25,706.3 | 24,386.0 | 27,802.5 | 25,817.2 |
Enterprise Value (EV) | 9,047.4 | 11,935.3 | 10,962.4 | 13,511.1 | 14,818.5 | 17,088.5 | 18,027.0 | 18,271.2 | 23,866.0 | 20,918.4 | 21,017.9 | 27,509.4 | 27,558.5 | 28,996.4 | 31,491.2 | 32,112.4 | 37,753.9 | 41,642.3 | 45,911.5 | 53,191.1 |
| Market-Implied Value of Growth (MIVoG) | 124,186.4 | 55,925.9 | 49,940.8 | 41,213.4 | (9,928.3) | (3,942.3) | (1,803.0) | 3,939.7 | 13,069.7 | 6,939.8 | 7,742.3 | 4,294.6 | (3,257.9) | (3,120.1) | 2,020.9 | 1,299.6 | 12,047.6 | 17,256.3 | 18,109.0 | 27,373.9 |
| EPV as % of EV | (1,272.6%) | (368.6%) | (355.6%) | (205.0%) | 167.0% | 123.1% | 110.0% | 78.4% | 45.2% | 66.8% | 63.2% | 84.4% | 111.8% | 110.8% | 93.6% | 96.0% | 68.1% | 58.6% | 60.6% | 48.5% |
| MIVoG as % of EV | 1,372.6% | 468.6% | 455.6% | 305.0% | (67.0%) | (23.1%) | (10.0%) | 21.6% | 54.8% | 33.2% | 36.8% | 15.6% | (11.8%) | (10.8%) | 6.4% | 4.0% | 31.9% | 41.4% | 39.4% | 51.5% |
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TRGP NOPAT
Annual
Quarterly
LTM
TRGP Earnings Power Value and Enterprise Value
Annual
LTM
Enterprise Value Breakdown
EPV and MIVoG as % of EV
TRGP vs Peer Set: Earnings Power Value comparison
General
Earnings power value
Financial metrics
Company name
EPV as % of EV
MIVoG as % of EV
Revenue growth
EPS growth
Net income margin
Targa Resources Corp.TRGP
48.5%
51.5%
2.0%
57.5%
7.8%
Median Peer Set
91.0%
9.0%
(9.1%)
25.7%
18.4%
Enterprise Products Partners L.P.EPD
122.1%
(22.1%)
(14.6%)
0.0%
11.1%
Energy Transfer LPET
100.5%
(0.5%)
5.2%
40.0%
5.8%
Enbridge Inc.ENB
95.0%
5.0%
(21.1%)
113.8%
14.2%
Western Midstream Partners, LPWES
94.1%
5.9%
16.1%
58.6%
43.6%
MPLX LPMPLX
93.9%
6.1%
1.3%
2.1%
36.8%
TC Energy CorporationTRP
88.1%
11.9%
(15.0%)
63.8%
34.1%
Pembina Pipeline CorporationPBA
81.9%
18.1%
(24.3%)
(48.1%)
19.5%
Kinder Morgan, Inc.KMI
75.1%
24.9%
(1.5%)
11.3%
17.3%
ONEOK, Inc.OKE
53.4%
46.6%
(21.0%)
42.6%
15.0%
The Williams Companies, Inc.WMB
41.9%
58.1%
(3.7%)
(30.3%)
21.2%
Explore more intrinsic value tools hub for TRGP
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FAQ
What is Targa Resources Corp. Earnings Power Value?
As of Dec 31, 2024, Targa Resources Corp.'s Earnings Power Value is approximately $25.8B.
What is Targa Resources Corp. EV (Enterprise Value)?
As of Dec 31, 2024, Targa Resources Corp.'s Enterprise Value (EV) estimates at $53.2B.
What is Targa Resources Corp. NOPAT?
As of Dec 31, 2024, Targa Resources Corp.'s Net operating profit after tax (NOPAT) is approximately $2,233.9M.