Overview
Discounted cash flow
Income / accounting-based
Multiples & assets
Scenario
Toolbox
Weighted blend
$26.27
-37.85% vs spot
Sell
Spot price
$42.26
Mkt cap $27.65B
subtle cardAnalyst PT consensus
$43.50
+2.93% vs spot
subtle cardMethods covered
15 / 16
7 in blend
subtle cardFootball field
CNP · fair-value range by method
Method comparison
CNP · fair value by valuation framework
| Method | Category | Fair value | Range | vs spot | Weight | Driver | Conf. |
|---|---|---|---|---|---|---|---|
| DDM · Gordon | ddm | $19.04 | $15.63 – $24.35 | -54.95% | 13.3% | D₁ 0.86, kₑ 6.6%, gₗ 2.0% | med |
| DDM · H-model | ddm | $25.25 | $18.43 – $35.87 | -40.26% | — | D₀ 0.86, g₀=8.7%, gₗ=2.0%, H 5y | med |
| DDM · multi-stage | ddm | $22.18 | $18.85 – $25.51 | -47.52% | 24.0% | 5y schedule 8.7% → 2.0%, kₑ 6.6% | high |
| Residual income | income | $17.71 | $15.58 – $19.83 | -58.10% | 13.3% | BV 16.62, ROE 9.4% → kₑ | high |
| EVA / MVA | income | $79.51 | $69.97 – $89.05 | +88.15% | 6.7% | IC 34.8B, WACC 4.3% | high |
| P/E · sector | multiple | $28.80 | $25.34 – $32.26 | -31.85% | 16.0% | EPS 1.60 × peer P/E 18.0 | med |
| P/S · sector | multiple | $30.68 | $26.08 – $35.28 | -27.41% | — | Rev/sh 13.94 × peer P/S 2.20 | med |
| EV / EBITDA | multiple | $25.13 | $22.12 – $28.15 | -40.53% | 20.0% | EBITDA × peer 11.0× − ND 23.6B | high |
| EV / EBIT | multiple | $6.32 | $5.37 – $7.26 | -85.06% | — | EBIT × peer 13.2× − ND | med |
| EV / Sales | multiple | -$9.11 | -$7.75 – -$10.48 | -121.57% | — | Sales × peer 1.87× − ND | med |
| PEG-anchored | multiple | $30.82 | $26.20 – $35.44 | -27.07% | — | PEG=1, fwd EPS g 19.3% | med |
| Earnings power | intrinsic | $26.34 | $23.18 – $29.50 | -37.66% | — | NOPAT / WACC, no growth | med |
| Graham revised | intrinsic | $40.74 | $34.63 – $46.85 | -3.60% | — | EPS×(8.5+2g)·4.4/Y | low |
| Lynch P/E=g | intrinsic | $13.85 | $11.77 – $15.92 | -67.24% | — | PE = g (8.7) | low |
| Book NAV | asset | $16.62 | $15.79 – $17.45 | -60.67% | 6.7% | (Assets − Liabilities) / Shares | high |
| Liquidation | asset | — | — | — | — | Cash 100% + non-cash 70% − Liab. | low |
Cost-of-capital build-up
CAPM cost of equity, after-tax cost of debt, WACC. Risk-free as of 2026-05-12.
| Risk-free rate (US 10y Treasury)rf | 4.46% |
| Equity beta (0.48)β | × 0.48 |
| Equity risk premiumERP | 4.46% |
| Cost of equity (CAPM)kₑ | 6.58% |
| Pre-tax cost of debtkd | 3.82% |
| Effective tax ratet | 16.2% |
| After-tax cost of debt | 3.20% |
| Equity weight$11.2B | 32.0% |
| Debt weight$23.7B | 68.0% |
| WACC | 4.28% |
Growth assumptions
Blended forward growth used as DCF default; terminal pegged to long-run nominal GDP.
| Analyst forward revenue growthFMP | 6.45% |
| Analyst forward EPS growthFMP | 19.26% |
| Historical 5y revenue CAGRFY | 2.88% |
| Historical 5y EPS CAGRFY | -8.47% |
| Sustainable g (ROE × retention)Δ | 4.29% |
| Blended near-term growth (g₀) | 8.65% |
| Terminal growth (gₗ) | 2.00% |
Sources
- FMP /analyst-estimates— 8 rows(as of 2023-12-31)
- Treasury rates · 10y— 4.46% rf(as of 2026-05-12)
- market_risk_premium · DB— 4.46% ERP(as of 2026-05-13)
- Sector multiple defaults— Utilities (live sector PE unavailable)
- FMP /price-target-consensus— mean $43.50
This page is generated by a quantitative valuation engine for research purposes only and does not constitute investment advice. Methodology follows standard CFA / Damodaran frameworks; assumptions are driven by analyst consensus from Financial Modeling Prep and reported financial statements.