Financials NuStar Energy L.P.

Equities

NS

US67058H1023

Oil & Gas Transportation Services

Delayed Nyse 21:00:01 02/05/2024 BST 5-day change 1st Jan Change
21.96 USD -1.83% Intraday chart for NuStar Energy L.P. -1.88% +17.56%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 2,786 1,574 1,740 1,765 2,352 2,779 - -
Enterprise Value (EV) 1 6,167 5,017 4,922 5,048 5,764 6,508 6,268 2,779
P/E ratio -11.2 x -4.57 x -16 x 44.4 x 25.9 x 19.7 x 14.2 x 16 x
Yield 9.28% 11.1% 10.1% 10% 8.57% 7.29% 7.31% 7.39%
Capitalization / Revenue 1.86 x 1.06 x 1.08 x 1.05 x 1.44 x 1.69 x 1.63 x 1.68 x
EV / Revenue 4.12 x 3.39 x 3.04 x 3 x 3.53 x 3.97 x 3.68 x 1.68 x
EV / EBITDA 8.76 x 6.94 x 6.99 x 6.99 x 7.84 x 8.85 x 8.17 x 3.56 x
EV / FCF -50.7 x 15.3 x 15.4 x 13 x 15.7 x 25.1 x 19.7 x 8.93 x
FCF Yield -1.97% 6.54% 6.51% 7.66% 6.36% 3.98% 5.07% 11.2%
Price to Book 1.58 x 1.28 x - - - - - -
Nbr of stocks (in thousands) 107,786 109,195 109,567 110,314 125,896 126,535 - -
Reference price 2 25.85 14.41 15.88 16.00 18.68 21.96 21.96 21.96
Announcement Date 05/02/20 04/02/21 03/02/22 01/02/23 15/02/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,498 1,482 1,618 1,683 1,634 1,640 1,703 1,657
EBITDA 1 704.4 723.2 704.6 722.4 735.1 735.3 767.2 780.5
EBIT 1 390.9 434.1 410.6 454.9 510.2 499 517.6 548.8
Operating Margin 26.1% 29.3% 25.37% 27.03% 31.22% 30.42% 30.39% 33.11%
Earnings before Tax (EBT) 1 211.6 -196.3 42.11 226 279.1 227.9 247.2 -
Net income 1 -105.7 -199 38.22 222.7 273.7 230.1 244 -
Net margin -7.06% -13.43% 2.36% 13.23% 16.75% 14.03% 14.33% -
EPS 2 -2.300 -3.150 -0.9900 0.3600 0.7200 1.117 1.547 1.376
Free Cash Flow 1 -121.7 327.9 320.3 386.9 366.8 259.1 318 311
FCF margin -8.13% 22.13% 19.79% 22.99% 22.44% 15.79% 18.67% 18.76%
FCF Conversion (EBITDA) - 45.34% 45.47% 53.56% 49.89% 35.24% 41.45% 39.85%
FCF Conversion (Net income) - - 838.05% 173.7% 134.02% 112.59% 130.33% -
Dividend per Share 2 2.400 1.600 1.600 1.600 1.600 1.600 1.604 1.623
Announcement Date 05/02/20 04/02/21 03/02/22 01/02/23 15/02/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 417.4 409.9 430.2 413.2 430 393.9 378.3 410.3 451.7 390.8 419.3 425.7 434.7 446.1 457.5
EBITDA 1 169.2 173.3 173.6 178.4 197.1 187 169.1 179.7 199.2 168.5 182.7 189.1 193.6 185 191.1
EBIT 1 96.26 104.5 109.1 111.9 129.4 118.9 102.9 115.3 132.1 103.9 120.1 125.3 129.6 119.1 128.4
Operating Margin 23.06% 25.51% 25.35% 27.07% 30.11% 30.19% 27.19% 28.1% 29.24% 26.58% 28.64% 29.43% 29.81% 26.7% 28.06%
Earnings before Tax (EBT) 1 57.87 12.28 60.13 61.06 92.51 107.1 47.33 52.33 72.29 43.99 51.25 59.1 62.16 54.86 64.63
Net income 1 57.52 12.31 59.2 59.63 91.6 105.9 46.14 51.2 70.39 42.74 54.45 59.11 60.47 54.04 63.66
Net margin 13.78% 3% 13.76% 14.43% 21.31% 26.9% 12.2% 12.48% 15.58% 10.94% 12.99% 13.89% 13.91% 12.11% 13.92%
EPS 2 0.1900 0.2200 0.2000 0.2000 0.1800 0.6100 0.0900 0.2000 0.3700 0.1500 0.3080 0.3458 0.3696 0.2954 0.3511
Dividend per Share 2 0.4000 0.4000 0.4000 0.4000 0.4000 0.4000 0.4000 0.4000 0.4000 - 0.4000 0.4000 0.4000 0.4000 0.4033
Announcement Date 03/02/22 05/05/22 04/08/22 03/11/22 01/02/23 04/05/23 03/08/23 02/11/23 15/02/24 29/04/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 3,381 3,444 3,182 3,283 3,413 3,729 3,489 -
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 4.8 x 4.761 x 4.516 x 4.545 x 4.642 x 5.072 x 4.548 x -
Free Cash Flow 1 -122 328 320 387 367 259 318 311
ROE (net income / shareholders' equity) 6.42% -13.2% - - - 61.7% 81.9% 85.4%
ROA (Net income/ Total Assets) - 3.44% - - - - - -
Assets 1 - -5,785 - - - - - -
Book Value Per Share 16.40 11.30 - - - - - -
Cash Flow per Share - 4.820 - - - - - -
Capex 1 534 198 181 141 148 168 170 171
Capex / Sales 35.62% 13.37% 11.19% 8.35% 9.03% 10.24% 9.98% 10.32%
Announcement Date 05/02/20 04/02/21 03/02/22 01/02/23 15/02/24 - - -
1USD in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
7
Last Close Price
21.96 USD
Average target price
22 USD
Spread / Average Target
+0.18%
Consensus
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