Enterprise Products Partners L P (EPD) is slightly undervalued and Cheniere Energy Inc (LNG) is undervalued.
Against our estimates of intrinsic value, LNG trades at the wider discount: a margin of safety of +50%, against +17% for EPD.
Values as of the 19 Oct 2026 close.
Discounting its cash flows at 7.7% (average of 3 methods) values the shares at $44.55; the price of $36.80 is 17% below that value, and 81% of that value comes from beyond year five.
Leak Score 48/100 on 11 of 12 signals
Discounting its cash flows at 10.1% (average of 3 methods) values the shares at $574.99; the price of $286.60 is 50% below that value, and 74% of that value comes from beyond year five.
Leak Score 73/100 on 11 of 12 signals
| Metric | EPD | LNG |
|---|---|---|
| Verdict | Slightly undervalued | Undervalued |
| Price | $36.80 | $286.60 |
| Intrinsic value | $44.55 | $574.99 |
| Margin of safety | +17% | +50% |
| Leak Score | 48/100 (11/12) | 73/100 (11/12) |
| Market cap | $79.5B | $59.2B |
| Revenue growth, 5 years | 14.3% | 15.9% |
| Operating margin | 12.5% | 30.2% |
| Net margin | 10.7% | 13.2% |
| Return on equity | 21.1% | 45.1% |
| Debt to equity | 1.13 | 4.29 |
| P/E | 12.8x | 21.3x |
| Forward P/E | 11.2x | 16.2x |
| P/B | 2.6x | 9.6x |
| Dividend yield | 6.1% | 0.8% |