Antero Midstream Corporation (AM) DCF Valuation
Transparent DCF models put Antero Midstream Corporation (AM)'s fair value in a range of $12.17 – $28.97 — the low end is TGM's conservative base case (5% FCF growth, 10% discount), the high end the analyst consensus (FMP). Today's price of $21.75 sits within that range — roughly fairly valued on these assumptions.
Reverse DCF: at today's $21.75, the market is pricing in roughly +10.7%/yr free-cash-flow growth over the next decade (at a 10% required return) — versus its actual 5-year FCF CAGR of +7.2%. The price is betting on acceleration above its track record.
Current Price
$21.75
Fair-Value Range
$12.17 – $28.97
Market-Implied Growth
+10.7%/yr
vs +7.2% 5Y actual
AM DCF Fair Value Calculator
Edit the assumptions to see how they change the estimated fair value. Illustrative model — not investment advice. Defaults to a conservative base case; the analyst (FMP) DCF, where available, is shown as a reference below.
Base inputs: FCF $537.7M · 0.47B shares · net debt $3.0B
Estimated Fair Value
$12.17
-44.0% vs $21.75
Sensitivity — fair value by discount rate × terminal growth
How the estimated fair value shifts with the discount rate (WACC) and terminal growth, holding your 5.0%/yr FCF growth and 10-year horizon fixed. Green = above today's $21.75; red = below. Your current case is outlined.
| WACC ↓ / Terminal → | 1.50% | 2.00% | 2.50% | 3.00% | 3.50% |
|---|---|---|---|---|---|
| 8.0% | $16.68 | $17.87 | $19.27 | $20.95 | $23.00 |
| 9.0% | $13.43 | $14.24 | $15.17 | $16.26 | $17.55 |
| 10.0% | $10.94 | $11.52 | $12.17 | $12.92 | $13.78 |
| 11.0% | $8.99 | $9.41 | $9.89 | $10.42 | $11.02 |
| 12.0% | $7.42 | $7.74 | $8.09 | $8.48 | $8.91 |
About Antero Midstream Corporation
Antero Midstream Corporation primarily owns, operates, and expands vital midstream energy infrastructure. Its operations are divided into two key divisions: Gathering and Processing, and Water Handling. The Gathering and Processing segment involves a comprehensive network of pipelines and compressor stations that are crucial for collecting and treating natural gas output from Antero Resources' wells situated across West Virginia and Ohio. Meanwhile, the Water Handling segment focuses on supplying fresh water, supported by its array of pumping stations, water storage, and blending facilities. Established in 2013, the company maintains its corporate headquarters in Denver, Colorado.
- Sector
- Energy
- Industry
- Oil & Gas Midstream
- CEO
- Michael N. Kennedy