Western Midstream Partners, LP
Financial ratios & Valuation

Forward Multiples (2025 – 2028)

2025202620272028
Price/Earnings ratio
10.509.4710.069.96
Price/Sales ratio
4.243.954.484.33
Earnings per Share (EPS)
$3.69$4.09$3.86$3.9

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
59.4190.4126.8121.6016.4311.7411.429.998.7111.229.7411.74
Price/Sales ratio
10.355.085.133.613.052.982.173.183.263.604.213.05
Price/Book Value ratio
3.282.272.252.06-2.132.442.072.953.413.864.40-2.13
Price/Cash Flow ratio
24.8311.9110.159.065.976.183.675.186.236.747.135.97
Price/Free Cash Flow ratio
-92.83123.1921.4036.58-34.2660.524.956.308.7312.0911.51-34.26
Price/Earnings Growth ratio
1.36-1.460.091.73-9.42-19.84-0.380.110.22-0.840.89-9.42
Dividend Yield
1.73%3.85%4.03%5.43%8.27%11.83%11.55%5.82%6.93%8.73%8.17%11.83%
Profitability Indicator Ratios
Gross Profit Margin
51.23%50.51%57.48%46.64%61.33%66.22%75.50%69.62%69.14%70.15%57.28%66.22%
Operating Profit Margin
35.19%2.20%39.04%31.32%31.42%44.83%55.10%46.44%48.83%44.40%43.83%31.42%
Pretax Profit Margin
30.57%-4.04%33.55%25.71%22.68%29.90%18.85%32.46%38.61%33.87%44.82%22.68%
Net Profit Margin
17.42%5.62%19.16%16.75%18.56%25.38%19.00%31.84%37.42%32.14%43.23%18.56%
Effective Tax Rate
0.52%-5.35%1.38%0.84%0.65%1.64%1.14%-1.04%0.33%0.41%1.20%0.65%
Return on Assets
3.28%1.30%4.46%4.69%3.99%5.64%4.45%8.12%10.79%8.00%11.77%3.99%
Return On Equity
5.53%2.51%8.41%9.54%-12.96%20.84%18.20%29.59%39.15%34.46%47.77%-12.96%
Return on Capital Employed
6.84%0.52%9.49%9.27%7.18%10.38%14.05%13.18%15.31%12.35%13.67%7.18%
Liquidity Ratios
Current Ratio
0.771.271.880.600.540.820.98N/AN/AN/A1.110.54
Quick Ratio
0.831.431.860.570.610.770.980.590.990.751.110.61
Cash ratio
0.320.501.130.180.170.200.460.170.310.200.680.17
Days of Sales Outstanding
28.2245.6345.8226.2743.2036.1962.0359.2666.2680.0471.1343.20
Days of Inventory outstanding
3.121.133.393.283.029.580.471.401.381.000.459.58
Operating Cycle
31.3546.7749.2129.5646.2245.7762.5060.6667.6481.0571.5946.22
Days of Payables Outstanding
31.8646.61117.55106.43210.30115.35113.22136.18131.17142.6993.57115.35
Cash Conversion Cycle
-0.510.16-68.34-76.87-164.07-69.57-50.72-75.51-63.53-61.63-21.98-164.07
Debt Ratios
Debt Ratio
0.350.400.400.430.560.640.660.610.600.630.600.56
Debt Equity Ratio
0.600.770.750.88-1.842.372.702.222.182.712.34-1.84
Long-term Debt to Capitalization
0.370.430.430.462.200.700.710.670.670.710.670.70
Total Debt to Capitalization
0.370.430.430.462.180.700.720.690.680.730.700.70
Interest Coverage Ratio
6.191.356.045.544.624.062.31N/AN/AN/A4.134.06
Cash Flow to Debt Ratio
0.210.240.290.250.190.160.200.250.250.210.260.19
Company Equity Multiplier
1.681.921.882.03-3.243.694.083.643.624.303.84-3.24
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.410.420.500.390.510.480.590.610.520.530.590.51
Free Cash Flow / Operating Cash Flow Ratio
-0.260.090.470.24-0.170.100.740.820.710.550.61-0.17
Cash Flow Coverage Ratio
0.210.240.290.250.190.160.200.250.250.210.260.19
Short Term Coverage Ratio
461.71N/AN/AN/A36.31N/A3.803.517.982.722.07N/A
Dividend Payout Ratio
102.96%348.81%108.18%117.35%136.00%138.98%132.03%58.25%60.45%97.98%73.84%138.98%