ONEOK INC (OKE) Fundamental Analysis & Valuation

NYSE:OKE • US6826801036

Current stock price

87.75 USD
+0.25 (+0.29%)
At close:
87.72 USD
-0.03 (-0.03%)
After Hours:

This OKE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. OKE Profitability Analysis

1.1 Basic Checks

  • OKE had positive earnings in the past year.
  • OKE had a positive operating cash flow in the past year.
  • Each year in the past 5 years OKE has been profitable.
  • In the past 5 years OKE always reported a positive cash flow from operatings.
OKE Yearly Net Income VS EBIT VS OCF VS FCFOKE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B 4B

1.2 Ratios

  • OKE's Return On Assets of 5.09% is fine compared to the rest of the industry. OKE outperforms 64.59% of its industry peers.
  • The Return On Equity of OKE (15.09%) is better than 76.56% of its industry peers.
  • OKE's Return On Invested Capital of 7.28% is fine compared to the rest of the industry. OKE outperforms 66.99% of its industry peers.
  • OKE had an Average Return On Invested Capital over the past 3 years of 7.24%. This is significantly below the industry average of 22.52%.
  • The last Return On Invested Capital (7.28%) for OKE is above the 3 year average (7.24%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 5.09%
ROE 15.09%
ROIC 7.28%
ROA(3y)5.28%
ROA(5y)5.85%
ROE(3y)16.34%
ROE(5y)20.09%
ROIC(3y)7.24%
ROIC(5y)8.22%
OKE Yearly ROA, ROE, ROICOKE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50 100 150

1.3 Margins

  • With a Profit Margin value of 10.09%, OKE perfoms like the industry average, outperforming 56.94% of the companies in the same industry.
  • OKE's Profit Margin has improved in the last couple of years.
  • OKE has a Operating Margin of 17.31%. This is comparable to the rest of the industry: OKE outperforms 53.11% of its industry peers.
  • In the last couple of years the Operating Margin of OKE has declined.
  • Looking at the Gross Margin, with a value of 30.50%, OKE is in line with its industry, outperforming 42.58% of the companies in the same industry.
  • OKE's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 17.31%
PM (TTM) 10.09%
GM 30.5%
OM growth 3Y12.79%
OM growth 5Y-5.55%
PM growth 3Y9.48%
PM growth 5Y7.09%
GM growth 3Y15.1%
GM growth 5Y-5.36%
OKE Yearly Profit, Operating, Gross MarginsOKE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40

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1

2. OKE Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), OKE is creating some value.
  • OKE has more shares outstanding than it did 1 year ago.
  • OKE has more shares outstanding than it did 5 years ago.
  • OKE has a better debt/assets ratio than last year.
OKE Yearly Shares OutstandingOKE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M
OKE Yearly Total Debt VS Total AssetsOKE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20B 40B 60B

2.2 Solvency

  • OKE has an Altman-Z score of 1.56. This is a bad value and indicates that OKE is not financially healthy and even has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 1.56, OKE is in line with its industry, outperforming 54.07% of the companies in the same industry.
  • OKE has a debt to FCF ratio of 13.41. This is a negative value and a sign of low solvency as OKE would need 13.41 years to pay back of all of its debts.
  • OKE has a Debt to FCF ratio (13.41) which is in line with its industry peers.
  • A Debt/Equity ratio of 1.40 is on the high side and indicates that OKE has dependencies on debt financing.
  • OKE has a Debt to Equity ratio of 1.40. This is in the lower half of the industry: OKE underperforms 73.21% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.4
Debt/FCF 13.41
Altman-Z 1.56
ROIC/WACC1.02
WACC7.15%
OKE Yearly LT Debt VS Equity VS FCFOKE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10B 20B 30B

2.3 Liquidity

  • A Current Ratio of 0.71 indicates that OKE may have some problems paying its short term obligations.
  • With a Current ratio value of 0.71, OKE is not doing good in the industry: 73.21% of the companies in the same industry are doing better.
  • A Quick Ratio of 0.56 indicates that OKE may have some problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 0.56, OKE is doing worse than 76.56% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.71
Quick Ratio 0.56
OKE Yearly Current Assets VS Current LiabilitesOKE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. OKE Growth Analysis

3.1 Past

  • The Earnings Per Share has been growing slightly by 4.84% over the past year.
  • OKE shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 16.37% yearly.
  • The Revenue has grown by 54.99% in the past year. This is a very strong growth!
  • Measured over the past years, OKE shows a very strong growth in Revenue. The Revenue has been growing by 31.53% on average per year.
EPS 1Y (TTM)4.84%
EPS 3Y11.6%
EPS 5Y16.37%
EPS Q2Q%-1.27%
Revenue 1Y (TTM)54.99%
Revenue growth 3Y14.53%
Revenue growth 5Y31.53%
Sales Q2Q%29.5%

3.2 Future

  • Based on estimates for the next years, OKE will show a small growth in Earnings Per Share. The EPS will grow by 7.84% on average per year.
  • The Revenue is expected to grow by 1.60% on average over the next years.
EPS Next Y5.03%
EPS Next 2Y5.64%
EPS Next 3Y7.3%
EPS Next 5Y7.84%
Revenue Next Year5.79%
Revenue Next 2Y6.28%
Revenue Next 3Y3.67%
Revenue Next 5Y1.6%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
OKE Yearly Revenue VS EstimatesOKE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 10B 20B 30B
OKE Yearly EPS VS EstimatesOKE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 2 4 6 8

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4

4. OKE Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 16.19, OKE is valued correctly.
  • Based on the Price/Earnings ratio, OKE is valued a bit cheaper than 61.72% of the companies in the same industry.
  • The average S&P500 Price/Earnings ratio is at 27.35. OKE is valued slightly cheaper when compared to this.
  • With a Price/Forward Earnings ratio of 15.42, OKE is valued correctly.
  • OKE's Price/Forward Earnings is on the same level as the industry average.
  • OKE is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.23, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 16.19
Fwd PE 15.42
OKE Price Earnings VS Forward Price EarningsOKE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of OKE is on the same level as its industry peers.
  • OKE's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 22.59
EV/EBITDA 11.87
OKE Per share dataOKE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40 50

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • The decent profitability rating of OKE may justify a higher PE ratio.
PEG (NY)3.22
PEG (5Y)0.99
EPS Next 2Y5.64%
EPS Next 3Y7.3%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

8

5. OKE Dividend Analysis

5.1 Amount

  • OKE has a Yearly Dividend Yield of 4.91%, which is a nice return.
  • OKE's Dividend Yield is a higher than the industry average which is at 3.22.
  • OKE's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 4.91%

5.2 History

  • The dividend of OKE has a limited annual growth rate of 2.62%.
  • OKE has been paying a dividend for at least 10 years, so it has a reliable track record.
  • OKE has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)2.62%
Div Incr Years3
Div Non Decr Years34
OKE Yearly Dividends per shareOKE Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3 4

5.3 Sustainability

  • 76.13% of the earnings are spent on dividend by OKE. This is not a sustainable payout ratio.
  • OKE's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP76.13%
EPS Next 2Y5.64%
EPS Next 3Y7.3%
OKE Yearly Income VS Free CF VS DividendOKE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B -1B 2B 3B
OKE Dividend Payout.OKE Dividend Payout, showing the Payout Ratio.OKE Dividend Payout.PayoutRetained Earnings

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OKE Fundamentals: All Metrics, Ratios and Statistics

ONEOK INC

NYSE:OKE (4/27/2026, 8:09:54 PM)

After market: 87.72 -0.03 (-0.03%)

87.75

+0.25 (+0.29%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-23
Earnings (Next)04-28
Inst Owners79.31%
Inst Owner Change0.07%
Ins Owners0.17%
Ins Owner Change0.97%
Market Cap55.29B
Revenue(TTM)33.63B
Net Income(TTM)3.39B
Analysts75.86
Price Target94.33 (7.5%)
Short Float %4.3%
Short Ratio5.16
Dividend
Industry RankSector Rank
Dividend Yield 4.91%
Yearly Dividend4.26
Dividend Growth(5Y)2.62%
DP76.13%
Div Incr Years3
Div Non Decr Years34
Ex-Date02-02
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)1.47%
Min EPS beat(2)1.03%
Max EPS beat(2)1.9%
EPS beat(4)2
Avg EPS beat(4)-3.77%
Min EPS beat(4)-17.53%
Max EPS beat(4)1.9%
EPS beat(8)4
Avg EPS beat(8)-1.64%
EPS beat(12)5
Avg EPS beat(12)-6.16%
EPS beat(16)8
Avg EPS beat(16)-3.8%
Revenue beat(2)1
Avg Revenue beat(2)-0.02%
Min Revenue beat(2)-0.26%
Max Revenue beat(2)0.22%
Revenue beat(4)3
Avg Revenue beat(4)1.23%
Min Revenue beat(4)-0.26%
Max Revenue beat(4)3.39%
Revenue beat(8)4
Avg Revenue beat(8)-6.86%
Revenue beat(12)4
Avg Revenue beat(12)-11.18%
Revenue beat(16)6
Avg Revenue beat(16)-8.31%
PT rev (1m)5.2%
PT rev (3m)4.33%
EPS NQ rev (1m)1.84%
EPS NQ rev (3m)-5.21%
EPS NY rev (1m)-1.3%
EPS NY rev (3m)-4.97%
Revenue NQ rev (1m)2.79%
Revenue NQ rev (3m)-4.2%
Revenue NY rev (1m)7.55%
Revenue NY rev (3m)-1.98%
Valuation
Industry RankSector Rank
PE 16.19
Fwd PE 15.42
P/S 1.64
P/FCF 22.59
P/OCF 9.87
P/B 2.46
P/tB 4.8
EV/EBITDA 11.87
EPS(TTM)5.42
EY6.18%
EPS(NY)5.69
Fwd EY6.49%
FCF(TTM)3.88
FCFY4.43%
OCF(TTM)8.89
OCFY10.13%
SpS53.38
BVpS35.69
TBVpS18.29
PEG (NY)3.22
PEG (5Y)0.99
Graham Number65.9716 (-24.82%)
Profitability
Industry RankSector Rank
ROA 5.09%
ROE 15.09%
ROCE 9.66%
ROIC 7.28%
ROICexc 7.29%
ROICexgc 8.89%
OM 17.31%
PM (TTM) 10.09%
GM 30.5%
FCFM 7.28%
ROA(3y)5.28%
ROA(5y)5.85%
ROE(3y)16.34%
ROE(5y)20.09%
ROIC(3y)7.24%
ROIC(5y)8.22%
ROICexc(3y)7.29%
ROICexc(5y)8.29%
ROICexgc(3y)8.83%
ROICexgc(5y)9.35%
ROCE(3y)9.52%
ROCE(5y)10.78%
ROICexgc growth 3Y-4.3%
ROICexgc growth 5Y3.86%
ROICexc growth 3Y-9.32%
ROICexc growth 5Y0.57%
OM growth 3Y12.79%
OM growth 5Y-5.55%
PM growth 3Y9.48%
PM growth 5Y7.09%
GM growth 3Y15.1%
GM growth 5Y-5.36%
F-Score7
Asset Turnover0.5
Health
Industry RankSector Rank
Debt/Equity 1.4
Debt/FCF 13.41
Debt/EBITDA 4.3
Cap/Depr 208.19%
Cap/Sales 9.37%
Interest Coverage 3.36
Cash Conversion 76.32%
Profit Quality 72.12%
Current Ratio 0.71
Quick Ratio 0.56
Altman-Z 1.56
F-Score7
WACC7.15%
ROIC/WACC1.02
Cap/Depr(3y)197.94%
Cap/Depr(5y)179.58%
Cap/Sales(3y)9.24%
Cap/Sales(5y)7.46%
Profit Quality(3y)90.98%
Profit Quality(5y)99.07%
High Growth Momentum
Growth
EPS 1Y (TTM)4.84%
EPS 3Y11.6%
EPS 5Y16.37%
EPS Q2Q%-1.27%
EPS Next Y5.03%
EPS Next 2Y5.64%
EPS Next 3Y7.3%
EPS Next 5Y7.84%
Revenue 1Y (TTM)54.99%
Revenue growth 3Y14.53%
Revenue growth 5Y31.53%
Sales Q2Q%29.5%
Revenue Next Year5.79%
Revenue Next 2Y6.28%
Revenue Next 3Y3.67%
Revenue Next 5Y1.6%
EBIT growth 1Y15.17%
EBIT growth 3Y29.17%
EBIT growth 5Y24.24%
EBIT Next Year36.72%
EBIT Next 3Y14.03%
EBIT Next 5Y9.85%
FCF growth 1Y-14.65%
FCF growth 3Y12.82%
FCF growth 5YN/A
OCF growth 1Y14.55%
OCF growth 3Y24.43%
OCF growth 5Y24.14%

ONEOK INC / OKE Fundamental Analysis FAQ

What is the ChartMill fundamental rating of ONEOK INC (OKE) stock?

ChartMill assigns a fundamental rating of 4 / 10 to OKE.


What is the valuation status for OKE stock?

ChartMill assigns a valuation rating of 4 / 10 to ONEOK INC (OKE). This can be considered as Fairly Valued.


What is the profitability of OKE stock?

ONEOK INC (OKE) has a profitability rating of 6 / 10.


What is the expected EPS growth for ONEOK INC (OKE) stock?

The Earnings per Share (EPS) of ONEOK INC (OKE) is expected to grow by 5.03% in the next year.


How sustainable is the dividend of ONEOK INC (OKE) stock?

The dividend rating of ONEOK INC (OKE) is 8 / 10 and the dividend payout ratio is 76.13%.