Calculated
DCF
Free cash flow, growth, discount rate, and terminal growth form an intrinsic value range.
94.51 USD89.75 USD108.61 USD
-16.04%
89.75 USDCurrent price is 16% below the base model value.
C
US
CMS.US · CMS ENERGY CORP
US · US
Latest price75.36 USD
30D+2.99%
Vs. base value+22%
Research summary
CMS.US latest organized financial period shows revenue grew +13.63% YoY and net income grew +6.78% YoY. Current price is about 75.36 USD, while the model base case is about 61.75 USD; the current price sits +22% versus the base case. The page shows both reported and adjusted views; valuation still defaults to reported figures, while adjusted figures help isolate structured one-time-item impact. This summary is intended for public-information research and model review.
Key financial trend
Annual financial metrics with switchable views. · Unit: USD
Revenue9B USD
Net income1B USD
Free cash flow2B USD
Operating cash flow2B USD
Price trend
Price date: 2026/04/29 · Updated: 2026/04/29 15:26
Valuation model range
Hover each model row to inspect formulas and inputs.
Current price75.36 USD
Base value61.75 USD
Vs. base+22%
Price date2026/04/29
53.99 USD61.75 USD66.91 USD
+22.03%
Calculated
Owner Earnings
Uses recent net income as an owner-earnings proxy and discounts scenario growth.
59.04 USD74.56 USD84.89 USD
+1.07%
74.56 USDCurrent price is close to the base model value.Adjusted reference: 102.64 USD
Calculated
Reverse DCF
Solves the forward FCF growth rate implied by the current price.
Implied growth-3.9%
Current price implies roughly -3.9% annualized FCF growth.
-3.9%Current price implies roughly -3.9% annualized FCF growth.
Calculated
Earnings Power Value
Estimates earnings power value without assuming growth.
42.91 USD42.91 USD42.91 USD
+75.61%
42.91 USDCurrent price is 75.6% above the base model value.
Updated: 2026/04/29 15:26
Valuation basis and non-recurring items
Collapsed by default. Expand to inspect structured one-time items and adjusted figures without making them the primary page focus.
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Valuation basis and non-recurring items
Collapsed by default. Expand to inspect structured one-time items and adjusted figures without making them the primary page focus.
A positive amountAfterTax means the item increased reported net income; a negative value means it reduced reported net income. Adjusted net income = reported net income minus total after-tax impact. Valuation defaults to reported figures; adjusted figures are shown to observe one-time-item impact.
| Period | Item | Category | After-tax impact | Confidence |
|---|---|---|---|---|
| 2023/12/31 | Discontinued operations | Discontinued operations | 3M USD | High |
| 2022/12/31 | Discontinued operations | Discontinued operations | 12M USD | High |
| 2021/12/31 | Discontinued operations | Discontinued operations | 2B USD | High |
| 2020/12/31 | Discontinued operations | Discontinued operations | 116M USD | High |
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Quarterly and annual financial table
Financial DetailsShowing latest 5 / 14
| Period | Type | Revenue | Net Income | Adjusted net income | Free Cash Flow | Diluted EPS | Adjusted EPS |
|---|---|---|---|---|---|---|---|
| 2025/12/31 | Annual | 9B USD | 1B USD | - | 2B USD | 3.53 | - |
| 2024/12/31 | Annual | 8B USD | 1B USD | - | 2B USD | 3.33 | - |
| 2023/12/31 | Annual | 7B USD | 887M USD | 884M USD | 2B USD | 3.01 | 3 |
| 2022/12/31 | Annual | 9B USD | 837M USD | 825M USD | -2B USD | 2.85 | 2.81 |
| 2021/12/31 | Annual | 7B USD | 1B USD | -453M USD | -257M USD | 4.66 | -1.56 |
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