Hess Income Quality vs Free Cash Flow Yield Analysis

HESM Stock

USD 36.78 0.04 0.11%

Hess Midstream financial indicator trend analysis is much more than just examining Hess Midstream Partners latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hess Midstream Partners is a good investment. Please check the relationship between Hess Midstream Income Quality and its Free Cash Flow Yield accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hess Midstream Partners. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Income Quality vs Free Cash Flow Yield

Income Quality vs Free Cash Flow Yield Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hess Midstream Partners Income Quality account and Free Cash Flow Yield. At this time, the significance of the direction appears to have very week relationship.

The correlation between Hess Midstream's Income Quality and Free Cash Flow Yield is 0.28. Overlapping area represents the amount of variation of Income Quality that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of Hess Midstream Partners, assuming nothing else is changed. The correlation between historical values of Hess Midstream's Income Quality and Free Cash Flow Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Quality of Hess Midstream Partners are associated (or correlated) with its Free Cash Flow Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Yield has no effect on the direction of Income Quality i.e., Hess Midstream's Income Quality and Free Cash Flow Yield go up and down completely randomly.

Correlation Coefficient

0.28

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Income Quality

An assessment of the sustainability of a company's earnings over time, considering factors like revenue source diversification and cost structure.

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

Most indicators from Hess Midstream's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hess Midstream Partners current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hess Midstream Partners. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

At this time, Hess Midstream's Sales General And Administrative To Revenue is very stable compared to the past year. As of the 25th of November 2024, Enterprise Value Over EBITDA is likely to grow to 5.14, while Selling General Administrative is likely to drop about 19.9 M.

	2021	2022	2023	2024 (projected)
Gross Profit	1.0B	1.1B	1.0B	649.1M
Total Revenue	1.2B	1.3B	1.3B	808.1M

Gross Profit Total Revenue

Hess Midstream fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Accounts Payable	Non Current Assets Total	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Other Liab	Net Tangible Assets	Current Deferred Revenue	Non Currrent Assets Other	Other Assets	Other Current Assets	Short Long Term Debt	Short Term Debt	Common Stock	Property Plant Equipment
Total Assets		0.85	0.06	-0.17	0.28	1.0	0.68	0.16	1.0	0.96	-0.55	0.69	0.01	0.69	0.95	0.9	0.89	-0.06	-0.08	0.78	0.71	0.86	-0.93	-0.93	0.03	0.98
Short Long Term Debt Total	0.85		0.05	-0.11	-0.17	0.81	0.93	-0.06	0.86	0.94	-0.49	0.88	-0.18	0.89	0.95	0.71	0.89	-0.21	0.0	0.68	0.88	0.87	-0.64	-0.65	-0.22	0.86
Other Current Liab	0.06	0.05		0.11	-0.12	0.08	-0.04	0.59	0.07	-0.03	-0.02	0.04	0.37	0.07	0.09	-0.2	0.02	0.46	0.19	0.16	0.07	0.01	-0.1	-0.11	0.4	0.1
Total Current Liabilities	-0.17	-0.11	0.11		-0.08	-0.15	-0.14	0.23	-0.16	-0.12	0.22	-0.31	0.27	-0.11	-0.17	-0.21	-0.28	0.31	0.08	-0.13	-0.21	-0.28	0.21	0.21	0.28	-0.25
Total Stockholder Equity	0.28	-0.17	-0.12	-0.08		0.33	-0.39	0.33	0.27	0.11	0.21	-0.33	0.4	-0.37	0.11	0.47	-0.05	0.29	0.04	0.0	-0.28	0.05	-0.5	-0.49	0.49	0.24
Property Plant And Equipment Net	1.0	0.81	0.08	-0.15	0.33		0.62	0.2	1.0	0.94	-0.56	0.65	0.06	0.64	0.93	0.89	0.86	0.0	-0.1	0.78	0.67	0.84	-0.95	-0.95	0.08	0.98
Net Debt	0.68	0.93	-0.04	-0.14	-0.39	0.62		-0.33	0.68	0.81	-0.52	0.91	-0.44	0.92	0.8	0.59	0.83	-0.49	0.02	0.6	0.86	0.76	-0.38	-0.39	-0.5	0.69
Accounts Payable	0.16	-0.06	0.59	0.23	0.33	0.2	-0.33		0.17	0.01	0.17	-0.24	0.82	-0.2	0.09	-0.08	-0.08	0.92	-0.14	0.27	-0.14	-0.07	-0.39	-0.38	0.94	0.17
Non Current Assets Total	1.0	0.86	0.07	-0.16	0.27	1.0	0.68	0.17		0.96	-0.56	0.69	0.02	0.69	0.95	0.89	0.89	-0.04	-0.08	0.79	0.71	0.86	-0.93	-0.93	0.04	0.98
Net Receivables	0.96	0.94	-0.03	-0.12	0.11	0.94	0.81	0.01	0.96		-0.56	0.77	-0.1	0.78	0.98	0.87	0.91	-0.16	-0.09	0.74	0.78	0.91	-0.82	-0.83	-0.11	0.95
Common Stock Shares Outstanding	-0.55	-0.49	-0.02	0.22	0.21	-0.56	-0.52	0.17	-0.56	-0.56		-0.55	0.16	-0.52	-0.46	-0.37	-0.75	0.29	0.32	-0.66	-0.51	-0.61	0.45	0.46	0.34	-0.54
Non Current Liabilities Total	0.69	0.88	0.04	-0.31	-0.33	0.65	0.91	-0.24	0.69	0.77	-0.55		-0.41	0.98	0.78	0.59	0.81	-0.44	0.15	0.64	0.95	0.76	-0.49	-0.49	-0.4	0.74
Other Stockholder Equity	0.01	-0.18	0.37	0.27	0.4	0.06	-0.44	0.82	0.02	-0.1	0.16	-0.41		-0.37	-0.05	-0.21	-0.13	0.93	-0.2	0.03	-0.22	-0.11	-0.23	-0.22	0.89	-0.01
Total Liab	0.69	0.89	0.07	-0.11	-0.37	0.64	0.92	-0.2	0.69	0.78	-0.52	0.98	-0.37		0.78	0.57	0.79	-0.39	0.18	0.64	0.95	0.74	-0.46	-0.47	-0.36	0.71
Property Plant And Equipment Gross	0.95	0.95	0.09	-0.17	0.11	0.93	0.8	0.09	0.95	0.98	-0.46	0.78	-0.05	0.78		0.84	0.88	-0.09	-0.02	0.72	0.79	0.91	-0.83	-0.83	-0.04	0.95
Total Current Assets	0.9	0.71	-0.2	-0.21	0.47	0.89	0.59	-0.08	0.89	0.87	-0.37	0.59	-0.21	0.57	0.84		0.73	-0.29	0.05	0.59	0.55	0.76	-0.83	-0.83	-0.12	0.87
Other Liab	0.89	0.89	0.02	-0.28	-0.05	0.86	0.83	-0.08	0.89	0.91	-0.75	0.81	-0.13	0.79	0.88	0.73		-0.26	-0.11	0.77	0.83	0.87	-0.73	-0.73	-0.26	0.9
Net Tangible Assets	-0.06	-0.21	0.46	0.31	0.29	0.0	-0.49	0.92	-0.04	-0.16	0.29	-0.44	0.93	-0.39	-0.09	-0.29	-0.26		-0.22	0.02	-0.28	-0.19	-0.19	-0.18	0.95	-0.06
Current Deferred Revenue	-0.08	0.0	0.19	0.08	0.04	-0.1	0.02	-0.14	-0.08	-0.09	0.32	0.15	-0.2	0.18	-0.02	0.05	-0.11	-0.22		-0.43	0.17	0.03	0.1	0.1	-0.11	-0.01
Non Currrent Assets Other	0.78	0.68	0.16	-0.13	0.0	0.78	0.6	0.27	0.79	0.74	-0.66	0.64	0.03	0.64	0.72	0.59	0.77	0.02	-0.43		0.62	0.57	-0.73	-0.73	0.08	0.78
Other Assets	0.71	0.88	0.07	-0.21	-0.28	0.67	0.86	-0.14	0.71	0.78	-0.51	0.95	-0.22	0.95	0.79	0.55	0.83	-0.28	0.17	0.62		0.74	-0.54	-0.54	-0.28	0.76
Other Current Assets	0.86	0.87	0.01	-0.28	0.05	0.84	0.76	-0.07	0.86	0.91	-0.61	0.76	-0.11	0.74	0.91	0.76	0.87	-0.19	0.03	0.57	0.74		-0.74	-0.74	-0.17	0.86
Short Long Term Debt	-0.93	-0.64	-0.1	0.21	-0.5	-0.95	-0.38	-0.39	-0.93	-0.82	0.45	-0.49	-0.23	-0.46	-0.83	-0.83	-0.73	-0.19	0.1	-0.73	-0.54	-0.74		1.0	-0.3	-0.92
Short Term Debt	-0.93	-0.65	-0.11	0.21	-0.49	-0.95	-0.39	-0.38	-0.93	-0.83	0.46	-0.49	-0.22	-0.47	-0.83	-0.83	-0.73	-0.18	0.1	-0.73	-0.54	-0.74	1.0		-0.29	-0.93
Common Stock	0.03	-0.22	0.4	0.28	0.49	0.08	-0.5	0.94	0.04	-0.11	0.34	-0.4	0.89	-0.36	-0.04	-0.12	-0.26	0.95	-0.11	0.08	-0.28	-0.17	-0.3	-0.29		0.02
Property Plant Equipment	0.98	0.86	0.1	-0.25	0.24	0.98	0.69	0.17	0.98	0.95	-0.54	0.74	-0.01	0.71	0.95	0.87	0.9	-0.06	-0.01	0.78	0.76	0.86	-0.92	-0.93	0.02

Click cells to compare fundamentals

Hess Midstream Account Relationship Matchups

Hess Midstream fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.3B	3.4B	3.5B	3.6B	3.8B	2.9B
Short Long Term Debt Total	1.8B	1.9B	2.6B	2.9B	3.2B	1.9B
Other Current Liab	97.6M	85M	113.9M	111.3M	106.5M	106.3M
Total Current Liabilities	176.1M	125M	170.9M	159.5M	210.2M	222.3M
Total Stockholder Equity	400K	1.3B	753.1M	529M	340.2M	323.2M
Property Plant And Equipment Net	3.0B	3.1B	3.1B	3.2B	3.2B	2.7B
Net Debt	1.8B	1.9B	2.6B	2.9B	3.2B	1.7B
Accounts Payable	78.5M	30M	26.9M	35M	79.7M	57.1M
Non Current Assets Total	3.2B	3.3B	3.4B	3.5B	3.7B	2.8B
Net Receivables	87.9M	93.2M	120.3M	123M	124.4M	75.0M
Common Stock Shares Outstanding	18M	18.1M	25.7M	41.4M	56.3M	36.1M
Liabilities And Stockholders Equity	3.1B	3.4B	3.5B	3.6B	3.8B	2.8B
Non Current Liabilities Total	1.8B	1.9B	2.6B	2.9B	3.2B	3.4B
Other Stockholder Equity	(131.1M)	1.2B	549M	283.9M	255.5M	242.7M
Total Liab	1.9B	2.0B	2.7B	3.1B	3.4B	3.6B
Property Plant And Equipment Gross	3.0B	3.1B	4.3B	4.6B	4.8B	3.0B
Total Current Assets	95.9M	101.4M	133.1M	132.3M	136.8M	95.5M
Other Liab	16M	22.5M	18.1M	16.6M	19.1M	11.8M
Net Tangible Assets	131.5M	125M	135.7M	245.1M	220.6M	209.6M
Current Deferred Revenue	(200K)	54.1M	76.2M	7.3M	117.4M	123.3M
Non Currrent Assets Other	12.9M	10M	7.8M	12M	8.6M	9.2M
Other Assets	63.9M	162M	125.9M	189.2M	217.6M	228.5M
Other Current Assets	4.7M	5.6M	10.6M	6.2M	7M	5.3M
Short Term Debt	200K	10M	20M	2.5M	12.5M	11.9M
Common Stock	131.1M	125M	204.1M	245.1M	340.2M	533.2M
Property Plant Equipment	3.0B	3.1B	3.1B	3.2B	3.6B	2.9B
Cash	3.3M	2.6M	2.2M	3.1M	5.4M	5.1M
Non Current Liabilities Other	16M	23.4M	17.7M	16.1M	16.7M	14.6M
Long Term Debt	1.8B	1.9B	2.5B	2.9B	3.2B	2.1B
Cash And Short Term Investments	3.3M	2.6M	2.2M	3.1M	5.4M	5.1M
Deferred Long Term Liab	6.9M	12.2M	9.3M	9.5M	10.9M	8.8M
Net Invested Capital	1.9B	2.0B	2.8B	3.1B	3.6B	2.3B
Net Working Capital	(80.2M)	(23.6M)	(37.8M)	(27.2M)	(73.4M)	(69.7M)
Long Term Investments	107.8M	108.4M	101.6M	93.9M	90.2M	104.4M

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When determining whether Hess Midstream Partners is a strong investment it is important to analyze Hess Midstream's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Hess Midstream's future performance. For an informed investment choice regarding Hess Stock, refer to the following important reports:

How To Invest In Hess

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Is Hess Stock a good investment?

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What is Hess Midstream's Net Worth?

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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hess Midstream Partners. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.

Is Oil & Gas Storage & Transportation space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Hess Midstream. If investors know Hess will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Hess Midstream listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.115

Dividend Share

2.638

Earnings Share

2.36

Revenue Per Share

18.19

Quarterly Revenue Growth

0.042

The market value of Hess Midstream Partners is measured differently than its book value, which is the value of Hess that is recorded on the company's balance sheet. Investors also form their own opinion of Hess Midstream's value that differs from its market value or its book value, called intrinsic value, which is Hess Midstream's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Hess Midstream's market value can be influenced by many factors that don't directly affect Hess Midstream's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Hess Midstream's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hess Midstream is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hess Midstream's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Hess Income Quality vs Free Cash Flow Yield Analysis

Income Quality vs Free Cash Flow Yield

Income Quality vs Free Cash Flow Yield Correlation Analysis

Correlation Coefficient

Income Quality

Free Cash Flow Yield

Hess Midstream fundamental ratios Correlations

Hess Midstream Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Hess Midstream fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

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Property Plant And Equipment Net	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Short Term Debt	+ 1.0	Short Long Term Debt
Property Plant Equipment	+ 0.98	Total Assets
Property Plant Equipment	+ 0.98	Property Plant And Equipment Net

Short Term Debt	- 0.95	Property Plant And Equipment Net
Short Long Term Debt	- 0.95	Property Plant And Equipment Net
Property Plant Equipment	- 0.93	Short Term Debt
Short Term Debt	- 0.93	Non Current Assets Total
Short Long Term Debt	- 0.93	Non Current Assets Total
Short Term Debt	- 0.93	Total Assets