Enterprise Value to EBITDA (EV/EBITDA)
Paying user area
Try for free
Kinder Morgan Inc. pages available for free this week:
- Balance Sheet: Liabilities and Stockholders’ Equity
- Common-Size Balance Sheet: Assets
- Analysis of Profitability Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Enterprise Value (EV)
- Operating Profit Margin since 2010
- Return on Equity (ROE) since 2010
- Return on Assets (ROA) since 2010
- Price to Operating Profit (P/OP) since 2010
- Price to Sales (P/S) since 2010
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Kinder Morgan Inc. for $22.49.
This is a one-time payment. There is no automatic renewal.
We accept:
Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)
Kinder Morgan Inc., EBITDA calculation
US$ in millions
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).
- Net income attributable to Kinder Morgan, Inc.
- The net income exhibited significant volatility over the five-year period. It increased sharply from 253 million USD at the end of 2015 to 708 million USD in 2016, followed by a notable decline to 183 million USD in 2017. Subsequently, the net income experienced a strong recovery, reaching 1,609 million USD in 2018 and further rising to 2,190 million USD in 2019. This pattern suggests fluctuating profitability with marked improvement in the latter two years.
- Earnings before tax (EBT)
- The earnings before tax showed a consistent upward trend throughout the period. Starting at 772 million USD in 2015, EBT more than doubled to 1,638 million USD in 2016, then increased steadily to 2,161 million USD in 2017, 2,506 million USD in 2018, and finally reaching 3,165 million USD in 2019. This steady growth indicates improving operational efficiency and overall profitability before tax considerations.
- Earnings before interest and tax (EBIT)
- EBIT also demonstrated a strong and consistent increase from 2,823 million USD in 2015 to 4,966 million USD in 2019. This reflects continuous improvement in the company's core operating income over the years, signifying effective control over operating expenses and positive business expansion or performance factors.
- Earnings before interest, tax, depreciation and amortization (EBITDA)
- EBITDA followed a similar upward trajectory, rising from 5,132 million USD in 2015 to 7,377 million USD in 2019. The steady annual growth indicates sustained cash earnings growth and suggests strong operational cash flow generation potential, which supports business stability and prospects for investment or debt servicing capacity.
Enterprise Value to EBITDA Ratio, Current
Kinder Morgan Inc., current EV/EBITDA calculation, comparison to benchmarks
| Selected Financial Data (US$ in millions) | |
| Enterprise value (EV) | |
| Earnings before interest, tax, depreciation and amortization (EBITDA) | |
| Valuation Ratio | |
| EV/EBITDA | |
| Benchmarks | |
| EV/EBITDA, Competitors1 | |
| Chevron Corp. | |
| ConocoPhillips | |
| Exxon Mobil Corp. | |
| Occidental Petroleum Corp. | |
Based on: 10-K (reporting date: 2019-12-31).
1 Click competitor name to see calculations.
If the company EV/EBITDA is lower then the EV/EBITDA of benchmark then company is relatively undervalued.
Otherwise, if the company EV/EBITDA is higher then the EV/EBITDA of benchmark then company is relatively overvalued.
Enterprise Value to EBITDA Ratio, Historical
Kinder Morgan Inc., historical EV/EBITDA calculation, comparison to benchmarks
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Enterprise value (EV)1 | ||||||
| Earnings before interest, tax, depreciation and amortization (EBITDA)2 | ||||||
| Valuation Ratio | ||||||
| EV/EBITDA3 | ||||||
| Benchmarks | ||||||
| EV/EBITDA, Competitors4 | ||||||
| Chevron Corp. | ||||||
| ConocoPhillips | ||||||
| Exxon Mobil Corp. | ||||||
| Occidental Petroleum Corp. | ||||||
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).
3 2019 Calculation
EV/EBITDA = EV ÷ EBITDA
= ÷ =
4 Click competitor name to see calculations.
- Enterprise Value (EV)
- The enterprise value exhibited some fluctuation over the five-year period. It increased from approximately 78.1 billion USD in 2015 to a peak of about 89.8 billion USD in 2016. Subsequently, EV declined to roughly 77.0 billion USD in 2017 and further to 75.6 billion USD in 2018. In 2019, there was a rebound, with EV rising back to approximately 83.0 billion USD.
- Earnings Before Interest, Tax, Depreciation, and Amortization (EBITDA)
- EBITDA demonstrated a consistent upward trend throughout the period. Starting at approximately 5.1 billion USD in 2015, it grew each year, reaching about 7.4 billion USD by the end of 2019. This steady increase indicates improving operational profitability or cash flow generation capacity over time.
- EV/EBITDA Ratio
- The EV/EBITDA ratio showed a clear declining trend from 2015 to 2019. The ratio began at 15.21 in 2015, increased slightly to 15.89 in 2016, and then consistently decreased over the following years to 11.25 in 2019. This indicates an improvement in valuation multiples, suggesting that the company's operational earnings grew at a faster pace than its enterprise value after 2016.