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Metrics | Range | Conclusion |
---|---|---|
Selected LTM Pb Multiple | 1.5x - 1.7x | 1.6x |
Historical Pb Multiple | 1.3x - 1.7x | 1.4x |
Fair Value | R$230.19 - R$254.42 | R$242.31 |
Upside | -14.5% - -5.5% | -10.0% |
Benchmarks | - | Full Ticker |
TXNM Energy, Inc. | - | NYSE:TXNM |
Alliant Energy Corporation | - | NasdaqGS:LNT |
NextEra Energy, Inc. | - | NYSE:NEE |
Edison International | - | NYSE:EIX |
PG&E Corporation | - | NYSE:PCG |
Pinnacle West Capital Corporation | - | BOVESPA:P1NW34 |
Select Price / Book Ratio | ||||||||
Benchmark Companies | ||||||||
TXNM | LNT | NEE | EIX | PCG | P1NW34 | |||
NYSE:TXNM | NasdaqGS:LNT | NYSE:NEE | NYSE:EIX | NYSE:PCG | BOVESPA:P1NW34 | |||
Historical Net Income Growth | ||||||||
5Y CAGR | 25.6% | 4.4% | 13.0% | 0.0% | NM- | 2.5% | ||
3Y CAGR | 7.3% | 1.5% | 24.8% | 19.2% | NM- | -0.5% | ||
Latest Twelve Months | 175.7% | -1.8% | -5.0% | 7.3% | 10.4% | 21.4% | ||
Historical Net Income Profit Margin | ||||||||
5 Year Average Margin | 10.0% | 17.2% | 17.7% | 5.7% | -1.4% | 14.0% | ||
Prior Fiscal Year | 4.5% | 17.5% | 26.0% | 7.3% | 9.2% | 10.7% | ||
Latest Fiscal Year | 12.3% | 17.3% | 28.1% | 7.3% | 10.1% | 11.9% | ||
Latest Twelve Months | 12.3% | 17.3% | 28.1% | 7.3% | 10.1% | 11.9% | ||
Return on Equity | ||||||||
5 Year Average Margin | 8.1% | 11.0% | 11.8% | 6.5% | -6.9% | 9.4% | ||
Prior Fiscal Year | 3.9% | 10.8% | 16.9% | 8.7% | 9.4% | 8.2% | ||
Latest Twelve Months | 9.9% | 10.0% | 14.2% | 9.3% | 9.2% | 9.4% | ||
Next Fiscal Year | 10.0% | 11.5% | 14.8% | 16.3% | 10.9% | 8.1% | ||
Two Fiscal Years Forward | 10.8% | 11.9% | 15.1% | 15.6% | 10.7% | 9.2% | ||
Current Trading Multiples | ||||||||
Price / LTM Sales | 2.5x | 4.2x | 5.9x | 1.3x | 1.6x | 2.2x | ||
Price / LTM EPS | 20.5x | 24.0x | 21.0x | 17.6x | 15.3x | 18.7x | ||
Price / Book | 2.0x | 2.4x | 2.9x | 1.6x | 1.3x | 1.7x | ||
Price / Fwd Book | 1.9x | 2.3x | 2.7x | 1.5x | 1.2x | 1.7x | ||
Low | Mid | High | ||||||
Benchmark P/B Ratio | 1.3x | 2.0x | 2.9x | |||||
Historical P/B Ratio | 1.3x | 1.4x | 1.7x | |||||
Selected P/B Multiple | 1.5x | 1.6x | 1.7x | |||||
(x) Book Value | 6,754 | 6,754 | 6,754 |
Equity Value | |||||||
Benchmark Companies | |||||||
(in millions) | TXNM | LNT | NEE | EIX | PCG | P1NW34 | |
Value of Common Equity | 4,958 | 16,536 | 145,884 | 22,620 | 37,883 | 11,903 | |
(/) Shares Outstanding | 92.7 | 256.7 | 2,057.0 | 385.0 | 2,193.6 | 251.2 | |
Implied Stock Price | 53.51 | 64.42 | 70.92 | 58.75 | 17.27 | 47.38 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 0.18 | |
Implied Stock Price (Trading Cur) | 53.51 | 64.42 | 70.92 | 58.75 | 17.27 | 269.20 | |
Trading Currency | USD | USD | USD | USD | USD | BRL | |
FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 0.18 |