$DT Midstream (DTM.US)$Launched in 2021, single US market, c...

Since listing, revenue has increased for two years, and operating profit has also increased for two years, with an average growth rate of 5.1%. Net profit shrank slightly in 2021 due to fluctuations in equity income, with an average growth rate of 8.6% over the two years. Interest expenses account for 32% of operating profit in 2022, and the interest burden is very heavy. The return on net assets is 9.4%, which is relatively low.

In the first three quarters of 2023, revenue increased slightly by 0.15%, operating profit increased by 2.4%, and net profit shrank by 7.5%.

Currently, the price-earnings ratio is 14.4, the price-earnings ratio is TTM 15.4, and the dividend ratio is 5%. The valuation is not very attractive for cyclical stocks.