Is Enterprise Products Partners Still a Good Investment After Its Multi-Year Price Run?

Enterprise Products Partners has experienced a significant price run, up 67.1% over three years and 125.0% over five years. Despite a recent 1.2% pullback, the stock remains attractive, with a solid 5 out of 6 score on undervaluation checks. The Discounted Cash Flow model estimates a fair value of $66.13 per unit, indicating a 51.4% discount from the current market price. The partnership's steady expansion, long-term contracts, and capital discipline make it a strong income-focused investment.