Enterprise Products Partners L.P. (EPDU) intrinsic value & 10-year financials
Enterprise Products Partners L.P. (EPDU) has a Graham intrinsic value of $56.13 per share. Over the last 10 fiscal years revenue grew 9.6% a year to $52.6B.
- Graham intrinsic value
- $56.13
- Revenue (FY2025)
- $52.6B
- Revenue growth (10-yr CAGR)
- 9.6%
- Free cash flow (FY2025)
- $3.0B
EPDU 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $52.6B | $5.8B | — | $3.0B | 13.8% | — |
| FY2024 | $56.2B | $5.9B | — | $3.6B | 13.1% | — |
| FY2023 | $49.7B | $5.5B | — | $4.3B | 13.9% | — |
| FY2022 | $58.2B | $5.5B | — | $6.1B | 11.9% | — |
| FY2021 | $40.8B | $4.6B | — | $6.3B | 15.0% | — |
| FY2020 | $27.2B | $3.8B | — | $2.6B | 18.5% | — |
| FY2019 | $32.8B | $4.6B | — | $2.0B | 18.5% | — |
| FY2018 | $36.5B | $4.2B | — | $1.9B | 14.8% | — |
| FY2017 | $29.2B | $2.8B | — | $1.5B | 13.4% | — |
| FY2016 | $23.0B | $2.5B | — | $1.0B | 15.6% | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
ENTERPRISE PRODUCTS PARTNERS L.P. is a consistent compounder, expanding top-line revenue at 9.6% annually over the past decade.
ENTERPRISE PRODUCTS PARTNERS L.P. 10-year average ROIC is N/A; capital efficiency cannot be assessed from the available history.
ENTERPRISE PRODUCTS PARTNERS L.P. has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, ENTERPRISE PRODUCTS PARTNERS L.P. is modeled at 8.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $56.13 per share.