Explain this page
Arphra AIPlain-English read on CenterPoint Energy, Inc.’s valuationRatios & metrics
Profitability, returns on capital, growth, and credit — all derived from the historical income statement, balance sheet, and cash flow rows in our data warehouse.
Valuation multiples
Price- and EV-based multiples plus shareholder yields. Snapshot at each fiscal year-end from key_metrics (FMP).
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Headline | |||||||||
| Market cap | — | — | — | — | — | — | — | — | — |
| Enterprise value | — | — | — | — | — | — | — | — | — |
| Multiples | |||||||||
| P / E | — | — | — | — | — | — | — | — | — |
| P / B | — | — | — | — | — | — | — | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — | — |
| EV / Sales | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | — | — | — | — |
| Yields | |||||||||
| Earnings yield | — | — | — | — | — | — | — | — | — |
| Free cash flow yield | — | — | — | — | — | — | — | — | — |
| Dividend yield | — | — | — | — | — | — | — | — | — |
Profitability
Margin structure across the last 5 fiscal years
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Margins | |||||||||
| Gross margin | +38.40% | +36.44% | +42.39% | +46.00% | +28.71% | +39.15% | +39.24% | +38.69% | +39.53% |
| Operating margin | +16.32% | +16.80% | +20.24% | +23.02% | +22.55% | +22.12% | +22.01% | +22.11% | +22.09% |
| EBITDA margin | +31.41% | +34.64% | +36.67% | +40.39% | +39.33% | +39.84% | +38.52% | +38.89% | +38.10% |
| EBIT margin | +15.65% | +20.82% | +20.56% | +23.74% | +22.98% | +22.64% | +22.71% | +21.80% | +22.67% |
| Pre-tax margin | +9.32% | +15.20% | +12.50% | +14.05% | +13.33% | +13.30% | +12.99% | +13.09% | +13.12% |
| Net margin | +17.79% | +11.34% | +10.55% | +11.79% | +11.24% | +11.21% | +11.27% | +11.52% | +11.35% |
| Cost structure | |||||||||
| Cost of revenue / sales | +61.60% | +63.56% | +57.61% | +54.00% | +71.29% | +59.99% | +61.40% | +61.11% | +61.63% |
| R&D intensity | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| SG&A intensity | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Effective tax rate | +14.14% | +25.41% | +15.64% | +16.06% | +15.64% | +15.98% | +15.83% | +15.90% | +15.83% |
Returns on capital
ROE / ROA / ROC / ROIC over the relevant capital base, plus the 3-step DuPont decomposition of ROE.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Returns | |||||||||
| Return on equity (ROE) | +15.78% | +10.52% | +9.49% | +9.55% | +9.43% | +9.72% | +9.63% | +10.01% | +9.54% |
| Return on assets (ROA) | +3.94% | +2.74% | +2.31% | +2.33% | +2.18% | +2.29% | +2.32% | +2.36% | +2.32% |
| Return on capital (ROC) | +5.34% | +5.82% | +6.22% | +6.29% | +6.06% | +6.35% | +6.13% | +6.26% | +6.15% |
| Return on invested capital (ROIC) | +5.82% | +3.93% | +3.24% | +3.22% | +3.02% | +3.22% | +3.14% | +3.26% | +3.16% |
| Asset turnover | +22.17% | +24.18% | +21.90% | +19.75% | +19.39% | +20.42% | +20.60% | +20.46% | +20.47% |
| DuPont · ROE decomposition | |||||||||
| Net margin | +17.79% | +11.34% | +10.55% | +11.79% | +11.24% | +11.21% | +11.27% | +11.52% | +11.35% |
| Asset turnover (× revenue / assets) | +22.17% | +24.18% | +21.90% | +19.75% | +19.39% | +20.42% | +20.60% | +20.46% | +20.47% |
| Equity multiplier (× assets / equity) | +400.20% | +383.73% | +410.83% | +410.35% | +432.59% | +424.62% | +414.74% | +424.61% | +410.39% |
Activity & efficiency
Turnover ratios and days-outstanding — how efficiently the business converts assets and working capital into sales and cash.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||
| Asset turnover | 0.22 | 0.24 | 0.22 | 0.20 | 0.19 | 0.20 | 0.21 | 0.20 | 0.20 |
| Fixed-asset turnover | 0.36 | 0.34 | 0.29 | 0.27 | — | — | — | — | — |
| Inventory turnover | 8.46 | 6.76 | 6.51 | 6.54 | — | — | — | — | — |
| Receivables turnover | 6.94 | 5.57 | 6.59 | 6.36 | 6.49 | — | — | — | — |
| Payables turnover | 4.30 | 4.38 | 5.46 | 3.54 | 5.13 | — | — | — | — |
| Days outstanding | |||||||||
| Days sales outstanding (DSO) | 52.62 | 65.51 | 55.40 | 57.39 | 56.25 | — | — | — | — |
| Days inventory outstanding (DIO) | 43.13 | 53.97 | 56.10 | 55.84 | — | — | — | — | — |
| Days payables outstanding (DPO) | 84.85 | 83.30 | 66.81 | 103.24 | 71.13 | — | — | — | — |
| Cash conversion cycle | 10.90 | 36.18 | 44.70 | 10.00 | -14.88 | — | — | — | — |
Cash flow quality
How well reported earnings translate into operating and free cash flow, plus reinvestment intensity.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Operating CF / Net income | 0.01 | 1.71 | 4.23 | 2.10 | 2.36 | 2.78 | 2.84 | 2.76 | 2.75 |
| FCF / Net income | -2.11 | -2.47 | -0.57 | -2.33 | -2.27 | -1.79 | -1.72 | -1.66 | -1.76 |
| FCF margin | -37.62% | -27.99% | -6.03% | -27.47% | -25.48% | -20.04% | -19.43% | -19.18% | -20.03% |
| OCF margin | +0.26% | +19.42% | +44.58% | +24.75% | +26.57% | +31.15% | +32.03% | +31.81% | +31.26% |
| CapEx / Revenue | +37.88% | +47.41% | +50.61% | +52.22% | +52.05% | +50.19% | +51.33% | +52.56% | +50.19% |
| CapEx / D&A | 2.40 | 3.43 | 3.14 | 3.14 | 3.18 | — | — | — | — |
| Stock-based comp / Revenue | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | — | — | — | — |
Per-share & shareholder yield
EPS, book value, sales, cash flow and dividends per share — plus payout / retention.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| EPS · diluted | 2.28 | 1.59 | 1.37 | 1.58 | 1.60 | 1.91 | 2.08 | 2.26 | 2.45 |
| EPS · basic | 2.35 | 1.60 | 1.37 | 1.58 | 1.61 | 1.91 | 2.07 | 2.24 | 2.45 |
| Book value / share | 15.44 | 15.89 | 15.27 | 16.56 | 17.00 | 17.35 | 18.71 | 19.37 | 21.17 |
| Tangible BV / share | 8.32 | 9.03 | 8.70 | 10.44 | 11.59 | 17.35 | 18.71 | 19.37 | 21.17 |
| Sales / share | 13.69 | 14.74 | 13.73 | 13.42 | 14.26 | 15.04 | 15.99 | 16.83 | 17.79 |
| Operating CF / share | 0.04 | 2.86 | 6.12 | 3.32 | 3.79 | 4.68 | 5.12 | 5.35 | 5.56 |
| Free cash flow / share | -5.15 | -4.13 | -0.83 | -3.69 | -3.63 | -3.01 | -3.11 | -3.23 | -3.56 |
| Dividends / share | 0.63 | 0.70 | 0.77 | 0.81 | 0.88 | 0.91 | 0.92 | 0.98 | 1.06 |
| Payout ratio | +25.91% | +41.63% | +52.89% | +51.23% | +54.56% | +53.82% | +51.05% | +50.43% | +52.33% |
| Retention ratio | +74.09% | +58.37% | +47.11% | +48.77% | +45.44% | +46.18% | +48.95% | +49.57% | +47.67% |
Growth
Year-over-year change for headline P&L lines, plus through-cycle CAGR
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E | 8y CAGR |
|---|---|---|---|---|---|---|---|---|---|---|
| Top-line | ||||||||||
| Revenue · YoY | — | +11.60% | -6.71% | -0.61% | +8.26% | +6.45% | +4.58% | +5.00% | +6.36% | +4.23% |
| Gross profit · YoY | — | +5.92% | +8.51% | +7.87% | -32.44% | +45.17% | +4.82% | +3.52% | +8.68% | +4.61% |
| Profit | ||||||||||
| Operating income · YoY | — | +14.89% | +12.39% | +13.07% | +6.03% | +4.43% | +4.08% | +5.47% | +6.24% | +8.25% |
| EBITDA · YoY | — | +23.10% | -1.24% | +9.47% | +5.41% | +7.82% | +1.12% | +6.01% | +4.20% | +6.78% |
| Net income · YoY | — | -28.87% | -13.25% | +11.12% | +3.24% | +6.14% | +5.11% | +7.38% | +4.77% | -1.47% |
| Operating | ||||||||||
| EBIT · YoY | — | +48.51% | -7.88% | +14.77% | +4.78% | +4.87% | +4.94% | +0.76% | +10.59% | +9.17% |
| R&D · YoY | — | — | — | — | — | — | — | — | — | — |
| Per-share | ||||||||||
| EPS · diluted · YoY | — | -30.26% | -13.84% | +15.33% | +1.27% | +19.26% | +9.09% | +8.80% | +8.33% | +0.92% |
| EPS · basic · YoY | — | -31.91% | -14.37% | +15.33% | +1.90% | +18.84% | +7.99% | +8.39% | +9.43% | +0.53% |
Credit & leverage
Balance-sheet health + interest coverage + liquidity. Coverage ratios use period-end debt and trailing interest expense.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Leverage | |||||||||
| Total debt | $16.1B | $16.86B | $18.62B | $20.96B | $23.66B | $23.23B | $25.24B | $26.02B | $27.92B |
| Net debt | $15.87B | $16.78B | $18.53B | $20.94B | $23.61B | $23.17B | $25.18B | $25.96B | $27.85B |
| Net debt / EBITDA | 6.05 | 5.20 | 5.81 | 6.00 | 6.42 | 5.84 | 6.28 | 6.10 | 6.28 |
| Debt / equity | 1.71 | 1.68 | 1.93 | 1.97 | 2.12 | 2.02 | 2.07 | 2.07 | 2.02 |
| Debt / assets | +42.74% | +43.73% | +46.88% | +47.90% | +49.05% | +47.61% | +49.92% | +48.69% | +49.14% |
| Equity / assets | +24.99% | +26.06% | +24.34% | +24.37% | +23.12% | +23.55% | +24.11% | +23.55% | +24.37% |
| Coverage | |||||||||
| EBITDA / interest expense | 4.96 | 6.16 | 4.55 | 4.17 | 4.08 | 4.41 | 4.31 | 4.31 | 4.16 |
| Operating income / interest | 2.58 | 2.99 | 2.51 | 2.37 | 2.34 | 2.45 | 2.46 | 2.45 | 2.41 |
| Interest expense | $529M | $524M | $701M | $838M | $903M | $898.73M | $930.58M | $986.51M | $1.06B |
| Liquidity | |||||||||
| Current ratio | 1.72 | 0.92 | 0.78 | 1.08 | 0.91 | — | — | — | — |
| Quick ratio | 0.67 | 0.44 | 0.50 | 0.48 | 0.32 | — | — | — | — |
| Cash ratio | 0.05 | 0.01 | 0.02 | 0.01 | 0.01 | — | — | — | — |
| Working capital | $3.07B | -$414M | -$837M | $336M | -$559M | — | — | — | — |
| Working capital / revenue | +36.73% | -4.44% | -9.63% | +3.89% | -5.97% | — | — | — | — |
Methodology. ROE / ROA / ROC use period-end balance-sheet denominators (no average-of- period smoothing). ROIC = Operating Income × (1 − inferred effective tax rate) over invested capital, with the effective tax inferred from net-to-operating income when both are positive and a 25% default otherwise. Net debt / EBITDA, debt ratios, and interest-coverage ratios are calculated point-in-time at each fiscal year-end. TTM = trailing 4 quarters (income / cash flow summed, balance sheet = most-recent quarterly snapshot). Through-cycle CAGR in the Growth panel uses the geometric mean of first-to-last period growth across the window (positive values only).