What is Enterprise Products Partners L.P. worth?
With the base-case assumptions below, a discounted cash flow model on Enterprise Products Partners L.P.'s reported free cash flow gives $27.19 per share. The share price was $36.65 on September 28, 2026, 35% above that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 9.0% | 10.0% | $10.64 | -71% |
| Base | 14.0% | 9.0% | $27.19 | -26% |
| Bull | 19.0% | 8.0% | $58.03 | +58% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $39.66 | $43.54 | $48.28 | $54.21 | $61.83 |
| 8.0% | $30.30 | $32.81 | $35.79 | $39.36 | $43.72 |
| 9.0% | $23.48 | $25.20 | $27.19 | $29.51 | $32.24 |
| 10.0% | $18.31 | $19.54 | $20.92 | $22.51 | $24.34 |
| 11.0% | $14.27 | $15.17 | $16.17 | $17.30 | $18.57 |
Where the presets come from
Base: years 1 to 5 grow at Enterprise Products Partners L.P.'s revenue growth rate over the last 5 fiscal years (14.1% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions