Despite DT Midstream's lower growth expectations, its P/E ratio is similar to the market's, indicating investors may be overlooking limited growth. However, this could lead to disappointment if the P/E falls in line with the growth outlook. Weak earnings outlook and slower growth could risk share price decline.
Increased capital deployment hasn't significantly improved DT Midstream's returns, implying the funds aren't allocated in high return investments. The steady shareholder returns and consistent ROCE hint at limited growth potential.
DT Midstream股票讨论区
上市以来营收增长两年,营业利润也增长两年,平均增速5.1%,净利润受股权收益波动影响在2021年小幅萎缩,两年平均增速8.6%。2022年利息费用占营业利润的32%,利息负担很重。净资产收益率9.4%,比较低。
2023年前3季度营收微增0.15%,营业利润增长2.4%,净利润萎缩7.5%。
目前市盈率14.4,市盈率TTM15.4,股息率5%,对于周期股来说估值没有太大吸引力。
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