Overview
Discounted cash flow
Income / accounting-based
Multiples & assets
Scenario
Toolbox
Weighted blend
$66.53
-25.34% vs spot
Sell
Spot price
$89.11
Mkt cap $58.25B
subtle cardAnalyst PT consensus
$107.00
+20.08% vs spot
subtle cardMethods covered
16 / 16
7 in blend
subtle cardFootball field
SRE · fair-value range by method
Method comparison
SRE · fair value by valuation framework
| Method | Category | Fair value | Range | vs spot | Weight | Driver | Conf. |
|---|---|---|---|---|---|---|---|
| DDM · Gordon | ddm | $45.71 | $38.28 – $56.71 | -48.71% | 13.3% | D₁ 2.31, kₑ 7.2%, gₗ 2.0% | med |
| DDM · H-model | ddm | $97.24 | $75.81 – $128.99 | +9.12% | — | D₀ 2.31, g₀=25.0%, gₗ=2.0%, H 5y | med |
| DDM · multi-stage | ddm | $75.26 | $63.97 – $86.55 | -15.54% | 24.0% | 5y schedule 25.0% → 2.0%, kₑ 7.2% | high |
| Residual income | income | $56.82 | $50.00 – $63.64 | -36.24% | 13.3% | BV 60.51, ROE 4.4% → kₑ | high |
| EVA / MVA | income | $172.96 | $152.21 – $193.72 | +94.10% | 6.7% | IC 78.3B, WACC 5.3% | high |
| P/E · sector | multiple | $49.50 | $43.56 – $55.44 | -44.45% | 16.0% | EPS 2.75 × peer P/E 18.0 | med |
| P/S · sector | multiple | $43.46 | $36.94 – $49.98 | -51.23% | — | Rev/sh 19.76 × peer P/S 2.20 | med |
| EV / EBITDA | multiple | $56.57 | $49.78 – $63.36 | -36.52% | 20.0% | EBITDA × peer 11.0× − ND 36.3B | high |
| EV / EBIT | multiple | $9.59 | $8.15 – $11.03 | -89.24% | — | EBIT × peer 13.2× − ND | med |
| EV / Sales | multiple | -$15.33 | -$13.03 – -$17.63 | -117.21% | — | Sales × peer 1.87× − ND | med |
| PEG-anchored | multiple | $110.00 | $93.50 – $126.50 | +23.44% | — | PEG=1, fwd EPS g 85.8% | med |
| Earnings power | intrinsic | $13.80 | $12.14 – $15.45 | -84.52% | — | NOPAT / WACC, no growth | med |
| Graham revised | intrinsic | $131.58 | $111.84 – $151.32 | +47.66% | — | EPS×(8.5+2g)·4.4/Y | low |
| Lynch P/E=g | intrinsic | $68.75 | $58.44 – $79.06 | -22.85% | — | PE = g (25.0) | low |
| Book NAV | asset | $60.51 | $57.48 – $63.53 | -32.10% | 6.7% | (Assets − Liabilities) / Shares | high |
| Liquidation | asset | $12.59 | $10.70 – $14.47 | -85.88% | — | 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 (0.60)β | × 0.60 |
| Equity risk premiumERP | 4.46% |
| Cost of equity (CAPM)kₑ | 7.15% |
| Pre-tax cost of debtkd | 4.22% |
| Effective tax ratet | 25.3% |
| After-tax cost of debt | 3.15% |
| Equity weight$42.0B | 53.6% |
| Debt weight$36.3B | 46.4% |
| WACC | 5.30% |
Growth assumptions
Blended forward growth used as DCF default; terminal pegged to long-run nominal GDP.
| Analyst forward revenue growthFMP | 0.35% |
| Analyst forward EPS growthFMP | 85.81% |
| Historical 5y revenue CAGRFY | 1.22% |
| Historical 5y EPS CAGRFY | 8.25% |
| Sustainable g (ROE × retention)Δ | 0.56% |
| Blended near-term growth (g₀) | 25.00% |
| 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 $107.00
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.