Explain this page
Arphra AIPlain-English read on DTE Energy Company’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.
Quality composite
CMixed
A snapshot of the latest fiscal year’s margins, returns on capital, balance-sheet strength and efficiency, computed from the income statement, balance sheet and cash-flow rows. Source income / balance / cash_flow.
Profitability
Gross margin84.9%
Operating margin15.0%
Net margin9.2%
ROE11.9%
ROA2.7%
ROIC5.8%
Liquidity & leverage
Current ratio0.80×
Quick ratio0.80×
Debt / equity2.16×
Net debt / EBITDA6.64×
Interest coverage2×
Efficiency & per-share
Asset turnover0.29×
Inventory days0
Days sales out.50
FCF / share$-4.84
Book value / share$59.46
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 | — | — | — | $25B | $26.7B | — | — | — | — |
| Enterprise value | — | — | — | $48.21B | $52.97B | — | — | — | — |
| Multiples | |||||||||
| P / E | — | — | — | — | — | — | — | — | — |
| P / B | — | — | — | — | — | — | — | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — | — |
| EV / Sales | — | — | — | 3.87 | 3.35 | — | — | — | — |
| EV / FCF | — | — | — | -58.51 | -52.87 | — | — | — | — |
| Yields | |||||||||
| Earnings yield | — | — | — | +5.61% | +5.48% | — | — | — | — |
| Free cash flow yield | — | — | — | -3.30% | -3.75% | — | — | — | — |
| 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 | +22.29% | +19.08% | +33.95% | +34.82% | +84.94% | +52.32% | +50.32% | +51.74% | +52.67% |
| Operating margin | +9.99% | +9.09% | +17.60% | +16.79% | +15.01% | +16.91% | +16.66% | +16.51% | +16.57% |
| EBITDA margin | +18.34% | +16.93% | +31.09% | +32.54% | +25.03% | +28.96% | +29.14% | +29.25% | +29.99% |
| EBIT margin | +8.59% | +9.29% | +18.49% | +18.63% | +12.96% | +16.68% | +16.31% | +16.97% | +17.14% |
| Pre-tax margin | +4.38% | +5.78% | +12.29% | +11.00% | +9.80% | +11.08% | +10.94% | +11.20% | +10.77% |
| Net margin | +6.06% | +5.63% | +10.96% | +11.25% | +9.24% | +10.49% | +10.24% | +10.71% | +10.30% |
| Cost structure | |||||||||
| Cost of revenue / sales | +77.71% | +80.92% | +66.05% | +65.18% | +15.06% | +49.83% | +49.43% | +47.67% | +49.86% |
| R&D intensity | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| SG&A intensity | +0.11% | -0.01% | +0.07% | 0.00% | 0.00% | +0.02% | +0.02% | +0.02% | +0.02% |
| Effective tax rate | -19.82% | +2.61% | +10.79% | -2.48% | +5.68% | +4.60% | +4.71% | +4.69% | +4.75% |
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) | +10.41% | +10.41% | +12.64% | +11.97% | +11.88% | +12.37% | +11.84% | +12.19% | +12.12% |
| Return on assets (ROA) | +2.28% | +2.54% | +3.12% | +2.87% | +2.70% | +2.85% | +2.88% | +3.03% | +2.82% |
| Return on capital (ROC) | +5.54% | +5.90% | +7.00% | +5.98% | +6.11% | +6.50% | +6.30% | +6.24% | +6.32% |
| Return on invested capital (ROIC) | +3.36% | +3.65% | +4.36% | +4.01% | +3.76% | +4.03% | +3.87% | +4.05% | +3.93% |
| Asset turnover | +37.67% | +45.05% | +28.48% | +25.50% | +29.25% | +27.22% | +28.14% | +28.33% | +27.42% |
| DuPont · ROE decomposition | |||||||||
| Net margin | +6.06% | +5.63% | +10.96% | +11.25% | +9.24% | +10.49% | +10.24% | +10.71% | +10.30% |
| Asset turnover (× revenue / assets) | +37.67% | +45.05% | +28.48% | +25.50% | +29.25% | +27.22% | +28.14% | +28.33% | +27.42% |
| Equity multiplier (× assets / equity) | +455.86% | +410.37% | +404.84% | +417.34% | +439.28% | +433.13% | +411.00% | +401.83% | +428.91% |
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 | 0.38 | 0.45 | 0.28 | 0.26 | 0.29 | 0.27 | 0.28 | 0.28 | 0.27 |
| Fixed-asset turnover | 0.55 | 0.67 | 0.45 | 0.40 | — | — | — | — | — |
| Inventory turnover | 13.55 | 16.52 | 7.99 | 6.52 | — | — | — | — | — |
| Receivables turnover | 8.18 | 8.81 | 7.13 | 6.82 | 7.36 | — | — | — | — |
| Payables turnover | 8.22 | 9.70 | 6.19 | 5.85 | 1.36 | — | — | — | — |
| Days outstanding | |||||||||
| Days sales outstanding (DSO) | 44.64 | 41.42 | 51.18 | 53.53 | 49.60 | — | — | — | — |
| Days inventory outstanding (DIO) | 26.93 | 22.10 | 45.70 | 55.97 | — | — | — | — | — |
| Days payables outstanding (DPO) | 44.39 | 37.63 | 59.01 | 62.35 | 268.62 | — | — | — | — |
| Cash conversion cycle | 27.18 | 25.89 | 37.87 | 47.15 | -219.02 | — | — | — | — |
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 | 3.38 | 1.83 | 2.30 | 2.60 | 2.34 | 2.48 | 2.41 | 2.44 | 2.51 |
| FCF / Net income | -0.78 | -1.29 | -0.51 | -0.59 | -0.69 | -0.58 | -0.62 | -0.59 | -0.61 |
| FCF margin | -4.71% | -7.29% | -5.60% | -6.61% | -6.34% | -6.03% | -6.33% | -6.30% | -6.25% |
| OCF margin | +20.50% | +10.28% | +25.26% | +29.24% | +21.67% | +25.99% | +24.70% | +26.09% | +25.89% |
| CapEx / Revenue | +25.21% | +17.57% | +30.87% | +35.86% | +28.01% | +30.92% | +31.96% | +30.76% | +31.47% |
| CapEx / D&A | 2.59 | 2.30 | 3.14 | 3.35 | 2.32 | — | — | — | — |
| 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 | 4.67 | 5.52 | 6.76 | 6.77 | 7.06 | 7.72 | 8.34 | 9.04 | 9.72 |
| EPS · basic | 4.68 | 5.53 | 6.77 | 6.78 | 7.06 | 7.69 | 8.26 | 9.05 | 9.85 |
| Book value / share | 44.91 | 53.07 | 53.67 | 56.54 | 59.46 | 66.01 | 69.53 | 71.93 | 68.43 |
| Tangible BV / share | 33.73 | 42.05 | 43.23 | 46.22 | 48.92 | 66.01 | 69.53 | 71.93 | 68.43 |
| Sales / share | 77.13 | 98.10 | 61.87 | 60.18 | 76.40 | 77.83 | 80.42 | 81.88 | 80.47 |
| Operating CF / share | 15.81 | 10.09 | 15.63 | 17.60 | 16.56 | 20.23 | 19.87 | 21.36 | 20.83 |
| Free cash flow / share | -3.63 | -7.15 | -3.47 | -3.98 | -4.84 | -4.69 | -5.09 | -5.15 | -5.03 |
| Dividends / share | 4.08 | 3.49 | 3.65 | 3.75 | 4.21 | 4.57 | 4.73 | 4.86 | 4.83 |
| Payout ratio | +87.21% | +63.25% | +53.83% | +55.39% | +59.58% | +56.02% | +57.47% | +55.41% | +58.25% |
| Retention ratio | +12.79% | +36.75% | +46.17% | +44.61% | +40.42% | +43.98% | +42.53% | +44.59% | +41.75% |
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 | — | +28.50% | -33.72% | -2.26% | +26.95% | +1.38% | +2.84% | +3.01% | -0.99% | +1.47% |
| Gross profit · YoY | — | +9.95% | +17.97% | +0.25% | +209.64% | -37.55% | -1.10% | +5.92% | +0.80% | +12.98% |
| Profit | ||||||||||
| Operating income · YoY | — | +16.92% | +28.32% | -6.78% | +13.53% | +14.21% | +1.30% | +2.08% | -0.62% | +8.09% |
| EBITDA · YoY | — | +18.58% | +21.75% | +2.27% | -2.34% | +17.30% | +3.48% | +3.42% | +1.50% | +7.90% |
| Net income · YoY | — | +19.40% | +28.99% | +0.29% | +4.35% | +15.00% | +0.40% | +7.77% | -4.76% | +8.43% |
| Operating | ||||||||||
| EBIT · YoY | — | +38.96% | +31.90% | -1.53% | -11.68% | +30.45% | +0.56% | +7.16% | +0.01% | +10.61% |
| R&D · YoY | — | — | — | — | — | — | — | — | — | — |
| Per-share | ||||||||||
| EPS · diluted · YoY | — | +18.20% | +22.46% | +0.15% | +4.28% | +9.32% | +8.00% | +8.45% | +7.54% | +9.60% |
| EPS · basic · YoY | — | +18.16% | +22.42% | +0.15% | +4.13% | +8.92% | +7.35% | +9.67% | +8.76% | +9.74% |
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 | $18.25B | $19.24B | $20.97B | $23.24B | $26.53B | $28.09B | $29.36B | $30.03B | $29.76B |
| Net debt | $18.22B | $19.21B | $20.94B | $23.22B | $26.28B | $27.99B | $29.25B | $29.92B | $29.65B |
| Net debt / EBITDA | 6.64 | 5.90 | 5.28 | 5.73 | 6.64 | 6.03 | 6.09 | 6.02 | 5.88 |
| Debt / equity | 2.09 | 1.85 | 1.90 | 1.99 | 2.16 | 2.07 | 2.06 | 2.01 | 2.08 |
| Debt / assets | +45.95% | +45.08% | +46.86% | +47.58% | +49.06% | +47.70% | +50.11% | +50.09% | +48.52% |
| Equity / assets | +21.94% | +24.37% | +24.70% | +23.96% | +22.76% | +23.09% | +24.33% | +24.89% | +23.32% |
| Coverage | |||||||||
| EBITDA / interest expense | 4.36 | 4.82 | 5.01 | 4.26 | 3.75 | 4.19 | 4.15 | 4.18 | 4.44 |
| Operating income / interest | 2.37 | 2.59 | 2.84 | 2.20 | 2.25 | 2.45 | 2.37 | 2.36 | 2.45 |
| Interest expense | $630M | $675M | $791M | $951M | $1.06B | $1.11B | $1.16B | $1.19B | $1.14B |
| Liquidity | |||||||||
| Current ratio | 0.52 | 0.81 | 0.60 | 0.71 | 0.80 | — | — | — | — |
| Quick ratio | 0.29 | 0.43 | 0.31 | 0.36 | 0.44 | — | — | — | — |
| Cash ratio | 0.00 | 0.01 | 0.00 | 0.00 | 0.05 | — | — | — | — |
| Working capital | -$3.03B | -$993M | -$2.34B | -$1.5B | -$1.06B | — | — | — | — |
| Working capital / revenue | -20.24% | -5.16% | -18.39% | -12.03% | -6.71% | — | — | — | — |
Sourced from key_metrics + financial_ratios (loaded by load_fundamentals_extended.py).
Valuation
| Metric | FY 2025 | FY 2024 |
|---|---|---|
| P / E | — | — |
| P / B | — | — |
| EV / EBITDA | — | — |
| EV / Sales | 3.35x | 3.87x |
| Earnings yield | 5.5% | 5.6% |
| FCF yield | -3.8% | -3.3% |
Returns
| Metric | FY 2025 | FY 2024 |
|---|---|---|
| Gross margin | — | — |
| Operating margin | — | — |
| Net margin | — | — |
| ROE | 11.9% | 12.0% |
| ROA | 2.7% | 2.9% |
| ROIC | 4.4% | 4.5% |
Leverage & liquidity
| Metric | FY 2025 | FY 2024 |
|---|---|---|
| Debt / equity | — | — |
| Net debt / EBITDA | 6.64 | 5.73 |
| Interest coverage | — | — |
| Current ratio | 0.80x | 0.71x |
| Quick ratio | — | — |
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).