ONEOK INC (OKE) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:OKE - US6826801036 - Common Stock
75.42 USD
+0.49 (+0.65%)
OKE gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 209 industry peers in the Oil, Gas & Consumable Fuels industry. OKE has a medium profitability rating, but doesn't score so well on its financial health evaluation. OKE has a correct valuation and a medium growth rate. OKE also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
OKE had positive earnings in the past year.
OKE had a positive operating cash flow in the past year.
In the past 5 years OKE has always been profitable.
OKE had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a decent Return On Assets value of 5.01%, OKE is doing good in the industry, outperforming 66.51% of the companies in the same industry.
The Return On Equity of OKE (15.12%) is better than 78.47% of its industry peers.
OKE's Return On Invested Capital of 7.36% is fine compared to the rest of the industry. OKE outperforms 66.99% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for OKE is significantly below the industry average of 20.87%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.01% | ||
| ROE | 15.12% | ||
| ROIC | 7.36% |
ROA(3y)5.93%
ROA(5y)5.36%
ROE(3y)20.15%
ROE(5y)19.1%
ROIC(3y)7.98%
ROIC(5y)8.09%
1.3 Margins
OKE's Profit Margin of 10.58% is in line compared to the rest of the industry. OKE outperforms 58.85% of its industry peers.
In the last couple of years the Profit Margin of OKE has grown nicely.
OKE's Operating Margin of 18.71% is in line compared to the rest of the industry. OKE outperforms 55.02% of its industry peers.
In the last couple of years the Operating Margin of OKE has grown nicely.
OKE has a Gross Margin of 31.97%. This is comparable to the rest of the industry: OKE outperforms 42.58% of its industry peers.
In the last couple of years the Gross Margin of OKE has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 18.71% | ||
| PM (TTM) | 10.58% | ||
| GM | 31.97% |
OM growth 3Y14.14%
OM growth 5Y4.34%
PM growth 3Y15.56%
PM growth 5Y2.16%
GM growth 3Y14.28%
GM growth 5Y3.08%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so OKE is still creating some value.
The number of shares outstanding for OKE remains at a similar level compared to 1 year ago.
OKE has more shares outstanding than it did 5 years ago.
The debt/assets ratio for OKE is higher compared to a year ago.
2.2 Solvency
OKE has an Altman-Z score of 1.43. 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 1.43, OKE is in line with its industry, outperforming 53.11% of the companies in the same industry.
The Debt to FCF ratio of OKE is 11.55, which is on the high side as it means it would take OKE, 11.55 years of fcf income to pay off all of its debts.
OKE's Debt to FCF ratio of 11.55 is in line compared to the rest of the industry. OKE outperforms 52.63% of its industry peers.
OKE has a Debt/Equity ratio of 1.45. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of OKE (1.45) is worse than 75.12% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.45 | ||
| Debt/FCF | 11.55 | ||
| Altman-Z | 1.43 |
ROIC/WACC0.94
WACC7.85%
2.3 Liquidity
A Current Ratio of 0.90 indicates that OKE may have some problems paying its short term obligations.
OKE has a Current ratio of 0.90. This is in the lower half of the industry: OKE underperforms 60.77% of its industry peers.
A Quick Ratio of 0.75 indicates that OKE may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.75, OKE is doing worse than 63.64% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.9 | ||
| Quick Ratio | 0.75 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 13.81% 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 10.99% yearly.
Looking at the last year, OKE shows a very strong growth in Revenue. The Revenue has grown by 58.35%.
The Revenue has been growing by 16.38% on average over the past years. This is quite good.
EPS 1Y (TTM)13.81%
EPS 3Y15.45%
EPS 5Y10.99%
EPS Q2Q%26.27%
Revenue 1Y (TTM)58.35%
Revenue growth 3Y9.47%
Revenue growth 5Y16.38%
Sales Q2Q%71.89%
3.2 Future
OKE is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 7.74% yearly.
Based on estimates for the next years, OKE will show a quite strong growth in Revenue. The Revenue will grow by 9.99% on average per year.
EPS Next Y6.09%
EPS Next 2Y8%
EPS Next 3Y8.22%
EPS Next 5Y7.74%
Revenue Next Year52.81%
Revenue Next 2Y27.71%
Revenue Next 3Y19.65%
Revenue Next 5Y9.99%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
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.
4. Valuation
4.1 Price/Earnings Ratio
OKE is valuated correctly with a Price/Earnings ratio of 13.86.
OKE's Price/Earnings is on the same level as the industry average.
OKE is valuated rather cheaply when we compare the Price/Earnings ratio to 26.34, which is the current average of the S&P500 Index.
OKE is valuated correctly with a Price/Forward Earnings ratio of 12.51.
63.16% of the companies in the same industry are more expensive than OKE, based on the Price/Forward Earnings ratio.
OKE's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 23.56.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.86 | ||
| Fwd PE | 12.51 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as OKE.
OKE's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 16.25 | ||
| EV/EBITDA | 10.8 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates OKE does not grow enough to justify the current Price/Earnings ratio.
The decent profitability rating of OKE may justify a higher PE ratio.
PEG (NY)2.28
PEG (5Y)1.26
EPS Next 2Y8%
EPS Next 3Y8.22%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.41%, OKE is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 5.71, OKE pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.31, OKE pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.41% |
5.2 History
The dividend of OKE has a limited annual growth rate of 2.34%.
OKE has been paying a dividend for at least 10 years, so it has a reliable track record.
OKE has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)2.34%
Div Incr Years2
Div Non Decr Years34
5.3 Sustainability
75.29% 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.
DP75.29%
EPS Next 2Y8%
EPS Next 3Y8.22%
NYSE:OKE (12/9/2025, 10:31:08 AM)
75.42
+0.49 (+0.65%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners75%
Inst Owner Change1.36%
Ins Owners0.16%
Ins Owner Change0.07%
Market Cap47.46B
Revenue(TTM)31.56B
Net Income(TTM)3.34B
Analysts79.2
Price Target90.52 (20.02%)
Short Float %2.45%
Short Ratio3.69
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.41% |
Yearly Dividend3.97
Dividend Growth(5Y)2.34%
DP75.29%
Div Incr Years2
Div Non Decr Years34
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.71%
Min EPS beat(2)-0.48%
Max EPS beat(2)1.9%
EPS beat(4)2
Avg EPS beat(4)-2.96%
Min EPS beat(4)-17.53%
Max EPS beat(4)4.26%
EPS beat(8)3
Avg EPS beat(8)-2.07%
EPS beat(12)5
Avg EPS beat(12)-5.86%
EPS beat(16)7
Avg EPS beat(16)-4.17%
Revenue beat(2)2
Avg Revenue beat(2)0.9%
Min Revenue beat(2)0.22%
Max Revenue beat(2)1.57%
Revenue beat(4)4
Avg Revenue beat(4)2.03%
Min Revenue beat(4)0.22%
Max Revenue beat(4)3.39%
Revenue beat(8)4
Avg Revenue beat(8)-8.6%
Revenue beat(12)4
Avg Revenue beat(12)-12.56%
Revenue beat(16)7
Avg Revenue beat(16)-6.81%
PT rev (1m)-2.95%
PT rev (3m)-8.29%
EPS NQ rev (1m)-0.43%
EPS NQ rev (3m)-2.13%
EPS NY rev (1m)1.34%
EPS NY rev (3m)-0.4%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)8.73%
Revenue NY rev (1m)-0.52%
Revenue NY rev (3m)3.78%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.86 | ||
| Fwd PE | 12.51 | ||
| P/S | 1.5 | ||
| P/FCF | 16.25 | ||
| P/OCF | 8.38 | ||
| P/B | 2.15 | ||
| P/tB | 4.3 | ||
| EV/EBITDA | 10.8 |
EPS(TTM)5.44
EY7.21%
EPS(NY)6.03
Fwd EY8%
FCF(TTM)4.64
FCFY6.15%
OCF(TTM)9
OCFY11.94%
SpS50.16
BVpS35.09
TBVpS17.54
PEG (NY)2.28
PEG (5Y)1.26
Graham Number65.54
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.01% | ||
| ROE | 15.12% | ||
| ROCE | 9.7% | ||
| ROIC | 7.36% | ||
| ROICexc | 7.51% | ||
| ROICexgc | 9.21% | ||
| OM | 18.71% | ||
| PM (TTM) | 10.58% | ||
| GM | 31.97% | ||
| FCFM | 9.25% |
ROA(3y)5.93%
ROA(5y)5.36%
ROE(3y)20.15%
ROE(5y)19.1%
ROIC(3y)7.98%
ROIC(5y)8.09%
ROICexc(3y)8.06%
ROICexc(5y)8.19%
ROICexgc(3y)9.18%
ROICexgc(5y)8.99%
ROCE(3y)10.52%
ROCE(5y)10.66%
ROICexgc growth 3Y-7.08%
ROICexgc growth 5Y1.14%
ROICexc growth 3Y-12.27%
ROICexc growth 5Y-2.07%
OM growth 3Y14.14%
OM growth 5Y4.34%
PM growth 3Y15.56%
PM growth 5Y2.16%
GM growth 3Y14.28%
GM growth 5Y3.08%
F-Score6
Asset Turnover0.47
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.45 | ||
| Debt/FCF | 11.55 | ||
| Debt/EBITDA | 4.34 | ||
| Cap/Depr | 186.67% | ||
| Cap/Sales | 8.69% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 76.78% | ||
| Profit Quality | 87.45% | ||
| Current Ratio | 0.9 | ||
| Quick Ratio | 0.75 | ||
| Altman-Z | 1.43 |
F-Score6
WACC7.85%
ROIC/WACC0.94
Cap/Depr(3y)192.54%
Cap/Depr(5y)213.81%
Cap/Sales(3y)7.9%
Cap/Sales(5y)10.72%
Profit Quality(3y)99.94%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)13.81%
EPS 3Y15.45%
EPS 5Y10.99%
EPS Q2Q%26.27%
EPS Next Y6.09%
EPS Next 2Y8%
EPS Next 3Y8.22%
EPS Next 5Y7.74%
Revenue 1Y (TTM)58.35%
Revenue growth 3Y9.47%
Revenue growth 5Y16.38%
Sales Q2Q%71.89%
Revenue Next Year52.81%
Revenue Next 2Y27.71%
Revenue Next 3Y19.65%
Revenue Next 5Y9.99%
EBIT growth 1Y29.68%
EBIT growth 3Y24.95%
EBIT growth 5Y21.43%
EBIT Next Year50.73%
EBIT Next 3Y18.57%
EBIT Next 5Y12.34%
FCF growth 1Y10.38%
FCF growth 3Y15.73%
FCF growth 5YN/A
OCF growth 1Y43.27%
OCF growth 3Y24.28%
OCF growth 5Y20.22%
ONEOK INC / OKE FAQ
What is the ChartMill fundamental rating of ONEOK INC (OKE) stock?
ChartMill assigns a fundamental rating of 4 / 10 to OKE.
Can you provide the valuation status for ONEOK INC?
ChartMill assigns a valuation rating of 4 / 10 to ONEOK INC (OKE). This can be considered as Fairly Valued.
Can you provide the profitability details for ONEOK INC?
ONEOK INC (OKE) has a profitability rating of 6 / 10.
Can you provide the expected EPS growth for OKE stock?
The Earnings per Share (EPS) of ONEOK INC (OKE) is expected to grow by 6.09% in the next year.
Is the dividend of ONEOK INC sustainable?
The dividend rating of ONEOK INC (OKE) is 8 / 10 and the dividend payout ratio is 75.29%.