Using an unlevered Free Cash Flow to Firm (FCFF) model, we project SunocoCorp LLC's cash flows over 5 years with line-by-line expense modeling. Revenue is projected revenue growing from 62.4% to 4.0% annually, with expenses (COGS, SG&A, R&D) held at historical ratios. Depreciation is computed from a vintage matrix based on a 5-year useful life. Working capital is modeled using historical turnover days (DSO 29, DPO 45, DIO 38). At a 5.0% WACC with mid-year discounting, the terminal value (92% of enterprise value) is derived from the Gordon Growth Model on Year 6 FCFF at a 3.0% perpetual rate. After subtracting net debt, the equity value implies a fair price of $1836.13 per share, suggesting SUNC is undervalued by 2651.2% at the current price of $66.74.
Adjust parameters to explore scenarios. Changes are for exploration only and do not affect saved valuations.
| 2026 | 2027 | 2028 | 2029 | 2030 | Terminal | |
|---|---|---|---|---|---|---|
| Profit Before Tax | 1,873 | 1,886 | 1,841 | 1,933 | 2,011 | 2,071 |
| (−) Net Interest | 879 | 885 | 864 | 907 | 943 | 972 |
| (+) D&A | 115 | 303 | 492 | 676 | 869 | 896 |
| EBITDA | 2,867 | 3,074 | 3,197 | 3,517 | 3,824 | 3,938 |
| (−) Tax | 184 | 186 | 181 | 190 | 198 | 204 |
| (−) CapEx | 937 | 944 | 921 | 968 | 1,006 | 1,036 |
| (−) ΔWC | 994 | 18 | -60 | 125 | 105 | 108 |
| Free Cash Flow (FCFF) | 752 | 1,926 | 2,155 | 2,234 | 2,515 | 2,590 |
| Terminal Value | 129,514 | |||||
| WACC / Discount Rate | 5.0% | |||||
| Long-term Growth Rate | 3.0% | |||||
| Timing of FCF (mid year) | 0.5 | 1.5 | 2.5 | 3.5 | 4.5 | 5 |
| Present Value of FCF | 733 | 1,790 | 1,907 | 1,883 | 2,019 | 101,478 |
| Enterprise Value | 109,811 | |||||
| Projection Period | 8,334 | 7.6% | ||||
| Terminal Value | 101,478 | 92.4% | ||||
| (−) Current Net Debt | 15,219 | |||||
| Equity Value | 94,592 | |||||
| (/) Outstanding Shares | 52 | |||||
| Fair Price | $1836.13 | |||||
| WACC \ Terminal Growth Rate | 2.0% | 2.5% | 3.0% | 3.5% | 4.0% |
|---|---|---|---|---|---|
| 3.0% | $4213 | $8550 | $12501103058117476352 | $743 | $743 |
| 4.0% | $1937 | $2626 | $4003 | $8136 | $697 |
| 5.0% | $1180 | $1442 | $1836 | $2493 | $3806 |
| 6.0% | $801 | $936 | $1114 | $1365 | $1741 |
| 7.0% | $575 | $655 | $754 | $882 | $1053 |
Current price: $66.74. Green = undervalued, Red = overvalued.
Using an unlevered Free Cash Flow to Firm (FCFF) model, we project SunocoCorp LLC's cash flows over 10 years with analyst estimates for the first 3–5 years, fading toward long-term GDP growth for the remaining years with line-by-line expense modeling. Revenue is projected revenue growing from 62.4% to 3.3% annually, with expenses (COGS, SG&A, R&D) held at historical ratios. Depreciation is computed from a vintage matrix based on a 5-year useful life. Working capital is modeled using historical turnover days (DSO 29, DPO 45, DIO 38). At a 5.0% WACC with mid-year discounting, the terminal value (84% of enterprise value) is derived from the Gordon Growth Model on Year 11 FCFF at a 3.0% perpetual rate. After subtracting net debt, the equity value implies a fair price of $1978.24 per share, suggesting SUNC is undervalued by 2864.1% at the current price of $66.74.
Adjust parameters to explore scenarios. Changes are for exploration only and do not affect saved valuations.
| 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | 2034 | 2035 | Terminal | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit Before Tax | 1,873 | 1,886 | 1,841 | 1,933 | 2,025 | 2,114 | 2,202 | 2,287 | 2,368 | 2,446 | 2,520 |
| (−) Net Interest | 879 | 885 | 864 | 907 | 950 | 992 | 1,033 | 1,073 | 1,111 | 1,148 | 1,182 |
| (+) D&A | 115 | 303 | 492 | 676 | 869 | 957 | 981 | 1,012 | 1,057 | 1,101 | 1,134 |
| EBITDA | 2,867 | 3,074 | 3,197 | 3,517 | 3,844 | 4,063 | 4,216 | 4,372 | 4,537 | 4,695 | 4,835 |
| (−) Tax | 184 | 186 | 181 | 190 | 199 | 208 | 217 | 225 | 233 | 241 | 248 |
| (−) CapEx | 937 | 944 | 921 | 968 | 1,013 | 1,058 | 1,102 | 1,144 | 1,185 | 1,224 | 1,261 |
| (−) ΔWC | 994 | 18 | -60 | 125 | 123 | 121 | 118 | 115 | 110 | 105 | 108 |
| Free Cash Flow (FCFF) | 752 | 1,926 | 2,155 | 2,234 | 2,508 | 2,675 | 2,779 | 2,888 | 3,008 | 3,124 | 3,218 |
| Terminal Value | 160,902 | ||||||||||
| WACC / Discount Rate | 5.0% | ||||||||||
| Long-term Growth Rate | 3.0% | ||||||||||
| Timing of FCF (mid year) | 0.5 | 1.5 | 2.5 | 3.5 | 4.5 | 5.5 | 6.5 | 7.5 | 8.5 | 9.5 | 5 |
| Present Value of FCF | 733 | 1,790 | 1,907 | 1,883 | 2,014 | 2,046 | 2,024 | 2,003 | 1,987 | 1,965 | 98,780 |
| Enterprise Value | 117,132 | ||||||||||
| Projection Period | 18,352 | 15.7% | |||||||||
| Terminal Value | 98,780 | 84.3% | |||||||||
| (−) Current Net Debt | 15,219 | ||||||||||
| Equity Value | 101,913 | ||||||||||
| (/) Outstanding Shares | 52 | ||||||||||
| Fair Price | $1978.24 | ||||||||||
| WACC \ Terminal Growth Rate | 2.0% | 2.5% | 3.0% | 3.5% | 4.0% |
|---|---|---|---|---|---|
| 3.0% | $4748 | $9396 | $13396987253952049152 | $1030 | $1030 |
| 4.0% | $2190 | $2893 | $4300 | $8520 | $924 |
| 5.0% | $1339 | $1595 | $1978 | $2617 | $3896 |
| 6.0% | $915 | $1040 | $1206 | $1438 | $1787 |
| 7.0% | $662 | $733 | $821 | $934 | $1085 |
Current price: $66.74. Green = undervalued, Red = overvalued.
Using an unlevered Free Cash Flow to Firm (FCFF) model, we project SunocoCorp LLC's cash flows over 5 years with line-by-line expense modeling. Revenue is projected revenue growing from 62.4% to 4.0% annually, with expenses (COGS, SG&A, R&D) held at historical ratios. Depreciation is computed from a vintage matrix based on a 5-year useful life. Working capital is modeled using historical turnover days (DSO 29, DPO 45, DIO 38). At a 5.0% WACC with mid-year discounting, the terminal value (81% of enterprise value) is derived by applying the industry peer median EV/EBITDA multiple of 11.5x to Year 6 EBITDA. After subtracting net debt, the equity value implies a fair price of $551.62 per share, suggesting SUNC is undervalued by 726.5% at the current price of $66.74.
Adjust parameters to explore scenarios. Changes are for exploration only and do not affect saved valuations.
| 2026 | 2027 | 2028 | 2029 | 2030 | Terminal | |
|---|---|---|---|---|---|---|
| Profit Before Tax | 1,873 | 1,886 | 1,841 | 1,933 | 2,011 | 2,061 |
| (−) Net Interest | 879 | 885 | 864 | 907 | 943 | 967 |
| (+) D&A | 115 | 303 | 492 | 676 | 869 | 891 |
| EBITDA | 2,867 | 3,074 | 3,197 | 3,517 | 3,824 | 3,919 |
| (−) Tax | 184 | 186 | 181 | 190 | 198 | — |
| (−) CapEx | 937 | 944 | 921 | 968 | 1,006 | — |
| (−) ΔWC | 994 | 18 | -60 | 125 | 105 | — |
| Free Cash Flow (FCF) | 752 | 1,926 | 2,155 | 2,234 | 2,515 | — |
| Peers' EBITDA Multiple | 11.5x | |||||
| Terminal Value | 45,072 | |||||
| WACC / Discount Rate | 5.00% | |||||
| Timing of FCF (mid year) | 0.5 | 1.5 | 2.5 | 3.5 | 4.5 | 5 |
| Present Value of FCF | 733 | 1,790 | 1,907 | 1,883 | 2,019 | 35,315 |
| Enterprise Value | 43,649 | |||||
| Projection Period | 8,334 | 19.1% | ||||
| Terminal Value | 35,315 | 80.9% | ||||
| (−) Current Net Debt | 15,219 | |||||
| Equity Value | 28,430 | |||||
| (÷) Outstanding Shares | 52M | |||||
| Fair Price | $552 | +726.9% | ||||
| WACC \ EV/EBITDA Exit Multiple | 7.5x | 9.5x | 11.5x | 13.5x | 15.5x |
|---|---|---|---|---|---|
| 3.0% | $367 | $499 | $630 | $761 | $892 |
| 4.0% | $340 | $465 | $590 | $715 | $840 |
| 5.0% | $313 | $432 | $552 | $671 | $790 |
| 6.0% | $288 | $402 | $516 | $629 | $743 |
| 7.0% | $265 | $373 | $482 | $590 | $699 |
Current price: $66.74. Green = undervalued, Red = overvalued.
Based on default parameters
Using an unlevered Free Cash Flow to Firm (FCFF) model, we project SunocoCorp LLC's cash flows over 10 years with analyst estimates for the first 3–5 years, fading toward long-term GDP growth for the remaining years with line-by-line expense modeling. Revenue is projected revenue growing from 62.4% to 3.3% annually, with expenses (COGS, SG&A, R&D) held at historical ratios. Depreciation is computed from a vintage matrix based on a 5-year useful life. Working capital is modeled using historical turnover days (DSO 29, DPO 45, DIO 38). At a 5.0% WACC with mid-year discounting, the terminal value (65% of enterprise value) is derived by applying the industry peer median EV/EBITDA multiple of 11.5x to Year 11 EBITDA. After subtracting net debt, the equity value implies a fair price of $720.05 per share, suggesting SUNC is undervalued by 978.9% at the current price of $66.74.
Adjust parameters to explore scenarios. Changes are for exploration only and do not affect saved valuations.
| 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | 2034 | 2035 | Terminal | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit Before Tax | 1,873 | 1,886 | 1,841 | 1,933 | 2,025 | 2,114 | 2,202 | 2,287 | 2,368 | 2,446 | 2,507 |
| (−) Net Interest | 879 | 885 | 864 | 907 | 950 | 992 | 1,033 | 1,073 | 1,111 | 1,148 | 1,177 |
| (+) D&A | 115 | 303 | 492 | 676 | 869 | 957 | 981 | 1,012 | 1,057 | 1,101 | 1,128 |
| EBITDA | 2,867 | 3,074 | 3,197 | 3,517 | 3,844 | 4,063 | 4,216 | 4,372 | 4,537 | 4,695 | 4,812 |
| (−) Tax | 184 | 186 | 181 | 190 | 199 | 208 | 217 | 225 | 233 | 241 | — |
| (−) CapEx | 937 | 944 | 921 | 968 | 1,013 | 1,058 | 1,102 | 1,144 | 1,185 | 1,224 | — |
| (−) ΔWC | 994 | 18 | -60 | 125 | 123 | 121 | 118 | 115 | 110 | 105 | — |
| Free Cash Flow (FCF) | 752 | 1,926 | 2,155 | 2,234 | 2,508 | 2,675 | 2,779 | 2,888 | 3,008 | 3,124 | — |
| Peers' EBITDA Multiple | 11.5x | ||||||||||
| Terminal Value | 55,338 | ||||||||||
| WACC / Discount Rate | 5.00% | ||||||||||
| Timing of FCF (mid year) | 0.5 | 1.5 | 2.5 | 3.5 | 4.5 | 5.5 | 6.5 | 7.5 | 8.5 | 9.5 | 5 |
| Present Value of FCF | 733 | 1,790 | 1,907 | 1,883 | 2,014 | 2,046 | 2,024 | 2,003 | 1,987 | 1,965 | 33,973 |
| Enterprise Value | 52,325 | ||||||||||
| Projection Period | 18,352 | 35.1% | |||||||||
| Terminal Value | 33,973 | 64.9% | |||||||||
| (−) Current Net Debt | 15,219 | ||||||||||
| Equity Value | 37,106 | ||||||||||
| (÷) Outstanding Shares | 52M | ||||||||||
| Fair Price | $720 | +979.2% | |||||||||
| WACC \ EV/EBITDA Exit Multiple | 7.5x | 9.5x | 11.5x | 13.5x | 15.5x |
|---|---|---|---|---|---|
| 3.0% | $621 | $760 | $899 | $1038 | $1177 |
| 4.0% | $553 | $679 | $805 | $931 | $1058 |
| 5.0% | $491 | $605 | $720 | $835 | $949 |
| 6.0% | $434 | $539 | $643 | $747 | $852 |
| 7.0% | $383 | $478 | $573 | $668 | $763 |
Current price: $66.74. Green = undervalued, Red = overvalued.
Based on default parameters
Using the industry peer median EV/EBITDA multiple (trailing + forward), SunocoCorp LLC (SUNC) has a fair value of $94.90 based on 9 comparable companies in the Oil & Gas Midstream industry.
USD in millions except Fair Price. Subject company highlighted.
| Mkt Cap ($M) | Trailing EV/EBITDA | Forward EV/EBITDA | |
|---|---|---|---|
| SunocoCorp LLCSUNC | 3,438 | 10.3x | 10.3x |
| The Williams Companies, Inc. | 89,218 | 16.0x | 15.0x |
| Enterprise Products Partners L.P. | 80,396 | 11.5x | 11.1x |
| Kinder Morgan, Inc. | 69,882 | 13.7x | 13.0x |
| TC Energy Corporation | 67,783 | 16.1x | — |
| Energy Transfer LP | 66,551 | 9.2x | 7.1x |
| MPLX Lp | 54,796 | 10.8x | 9.7x |
| Targa Resources Corp. | 54,262 | 14.8x | 12.3x |
| ONEOK, Inc. | 53,654 | 11.1x | 10.3x |
| Cheniere Energy, Inc. | 50,456 | 6.9x | 6.2x |
| Industry Median | 11.5x | 10.7x | |
| (*) EBITDA | 1,813 | 1,811 | |
| = Enterprise Value | 20,843 | 19,373 | |
| (-) Net Debt | 15,219 | 15,219 | |
| Equity Value | 5,624 | 4,154 | |
| (/) Outstanding shares | 52 | 52 | |
| Fair Price | $109 | $81 | |
Using the industry peer median EV/Revenue multiple (trailing + forward), SunocoCorp LLC (SUNC) has a fair value of $1,579.87 based on 9 comparable companies in the Oil & Gas Midstream industry.
USD in millions except Fair Price. Subject company highlighted.
| Mkt Cap ($M) | Trailing EV/Revenue | Forward EV/Revenue | |
|---|---|---|---|
| SunocoCorp LLCSUNC | 3,438 | 0.7x | 0.7x |
| The Williams Companies, Inc. | 89,218 | 9.9x | 9.3x |
| Enterprise Products Partners L.P. | 80,396 | 2.2x | 2.1x |
| Kinder Morgan, Inc. | 69,882 | 6.0x | 5.7x |
| TC Energy Corporation | 67,783 | 10.0x | — |
| Energy Transfer LP | 66,551 | 1.7x | 1.3x |
| MPLX Lp | 54,796 | 6.7x | 6.0x |
| Targa Resources Corp. | 54,262 | 4.2x | 3.5x |
| ONEOK, Inc. | 53,654 | 2.6x | 2.4x |
| Cheniere Energy, Inc. | 50,456 | 3.9x | 3.5x |
| Industry Median | 4.2x | 3.5x | |
| (*) Revenue | 25,201 | 25,172 | |
| = Enterprise Value | 105,360 | 87,859 | |
| (-) Net Debt | 15,219 | 15,219 | |
| Equity Value | 90,141 | 72,640 | |
| (/) Outstanding shares | 52 | 52 | |
| Fair Price | $1750 | $1410 | |
Disclaimer: Sweet Value Lab provides estimated intrinsic values for informational purposes only. This is not financial advice. All models rely on assumptions that may not reflect future performance. Always do your own research before making investment decisions.