Stock Analysis on Net

Kinder Morgan Inc. (NYSE:KMI)

$22.49

This company has been moved to the archive! The financial data has not been updated since April 29, 2020.

Price to Sales (P/S)
since 2010

Microsoft Excel

Paying user area


We accept:

Visa Mastercard American Express Maestro Discover JCB PayPal Google Pay
Visa Secure Mastercard Identity Check American Express SafeKey

Calculation

Kinder Morgan Inc., P/S, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31).

1 US$

2 Data adjusted for splits and stock dividends.

3 Closing price as at the filing date of Kinder Morgan Inc. Annual Report.


Share Price Trend
The share price showed fluctuations over the assessed period. It initially increased from $30.77 in 2011 to a peak of $42.03 in 2015. Following this peak, a significant decline occurred, reaching a low of $15.62 in 2016. Subsequently, the share price experienced moderate recovery, stabilizing around the $18 to $22 range from 2017 to 2020.
Sales Per Share Trend
Sales per share displayed a generally downward trajectory. Starting at $10.12 in 2011, it remained relatively stable through 2012 and 2013, rising slightly to $13.65 in 2014. After this peak, a steady decline ensued, dropping to $5.83 by 2020, indicating a reduction of more than half from the earlier levels.
Price-to-Sales (P/S) Ratio Trend
The P/S ratio exhibited notable volatility throughout the period. Early years showed moderate ratios around 3.0 to 3.9, peaking at 5.52 in 2015, which aligns with the peak share price despite declining sales per share. The ratio then fell sharply to 2.42 in 2016 concurrent with the share price decline. From 2017 onward, the P/S ratio varied between 2.7 and 3.8, reflecting fluctuations in market valuation relative to sales per share.
Overall Observations
Despite fluctuating share prices and a clearly downward trend in sales per share, the P/S ratio suggests periods when the market valuation was decoupled from sales performance, notably in 2015. The subsequent adjustment in 2016 aligns with declines in both price and valuation multiples. Post-2016 data implies a more stabilized relationship between the company's market value and its sales per share, though sales per share show consistent erosion over time.

Comparison to Competitors

Kinder Morgan Inc., P/S, long-term trends, comparison to competitors

Microsoft Excel

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31).


Comparison to Sector (Oil, Gas & Consumable Fuels)

Kinder Morgan Inc., P/S, long-term trends, comparison to sector (oil, gas & consumable fuels)

Microsoft Excel

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31).


Comparison to Industry (Energy)

Kinder Morgan Inc., P/S, long-term trends, comparison to industry (energy)

Microsoft Excel

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31).