Intrinsic value of Dominion Energy - D

Previous Close

$74.99

  Intrinsic Value

$37.18

stock screener

  Rating & Target

str. sell

-50%

Previous close

$74.99

 
Intrinsic value

$37.18

 
Up/down potential

-50%

 
Rating

str. sell

We calculate the intrinsic value of D stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Shares outstanding, mln

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2016(a)
   2017
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  0.46
  2.00
  2.30
  2.57
  2.81
  3.03
  3.23
  3.41
  3.57
  3.71
  3.84
  3.95
  4.06
  4.15
  4.24
  4.31
  4.38
  4.44
  4.50
  4.55
  4.59
  4.64
  4.67
  4.70
  4.73
  4.76
  4.78
  4.81
  4.83
  4.84
  4.86
Revenue, $m
  11,357
  11,972
  12,247
  12,562
  12,915
  13,307
  13,736
  14,204
  14,711
  15,256
  15,842
  16,468
  17,136
  17,848
  18,604
  19,407
  20,257
  21,158
  22,110
  23,115
  24,178
  25,298
  26,480
  27,726
  29,039
  30,421
  31,876
  33,409
  35,021
  36,717
  38,501
Variable operating expenses, $m
 
  8,332
  8,508
  8,711
  8,938
  9,189
  9,465
  9,766
  10,091
  10,442
  10,818
  10,580
  11,010
  11,467
  11,953
  12,468
  13,015
  13,593
  14,205
  14,851
  15,534
  16,254
  17,013
  17,813
  18,657
  19,545
  20,480
  21,464
  22,500
  23,590
  24,736
Fixed operating expenses, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  8,110
  8,332
  8,508
  8,711
  8,938
  9,189
  9,465
  9,766
  10,091
  10,442
  10,818
  10,580
  11,010
  11,467
  11,953
  12,468
  13,015
  13,593
  14,205
  14,851
  15,534
  16,254
  17,013
  17,813
  18,657
  19,545
  20,480
  21,464
  22,500
  23,590
  24,736
Operating income, $m
  3,627
  3,640
  3,739
  3,851
  3,978
  4,118
  4,271
  4,438
  4,619
  4,814
  5,024
  5,888
  6,127
  6,381
  6,651
  6,938
  7,242
  7,564
  7,905
  8,264
  8,644
  9,045
  9,467
  9,913
  10,382
  10,876
  11,396
  11,944
  12,521
  13,127
  13,765
EBITDA, $m
  5,476
  4,984
  5,099
  5,230
  5,377
  5,540
  5,719
  5,913
  6,124
  6,351
  6,595
  6,856
  7,134
  7,430
  7,745
  8,079
  8,434
  8,808
  9,205
  9,623
  10,066
  10,532
  11,024
  11,543
  12,089
  12,665
  13,271
  13,909
  14,580
  15,286
  16,029
Interest expense (income), $m
  905
  1,216
  1,252
  1,298
  1,352
  1,411
  1,477
  1,550
  1,628
  1,714
  1,806
  1,905
  2,010
  2,123
  2,243
  2,371
  2,506
  2,649
  2,801
  2,962
  3,131
  3,310
  3,499
  3,699
  3,909
  4,130
  4,363
  4,609
  4,867
  5,139
  5,425
Earnings before tax, $m
  2,867
  2,425
  2,487
  2,553
  2,626
  2,706
  2,794
  2,889
  2,991
  3,101
  3,218
  3,983
  4,116
  4,258
  4,408
  4,568
  4,737
  4,915
  5,104
  5,303
  5,513
  5,734
  5,968
  6,214
  6,473
  6,746
  7,033
  7,336
  7,654
  7,988
  8,340
Tax expense, $m
  655
  655
  671
  689
  709
  731
  754
  780
  808
  837
  869
  1,075
  1,111
  1,150
  1,190
  1,233
  1,279
  1,327
  1,378
  1,432
  1,488
  1,548
  1,611
  1,678
  1,748
  1,821
  1,899
  1,981
  2,066
  2,157
  2,252
Net income, $m
  2,123
  1,770
  1,815
  1,864
  1,917
  1,976
  2,040
  2,109
  2,183
  2,263
  2,349
  2,908
  3,005
  3,108
  3,218
  3,335
  3,458
  3,588
  3,726
  3,871
  4,024
  4,186
  4,357
  4,536
  4,725
  4,925
  5,134
  5,355
  5,587
  5,831
  6,088

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  362
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  71,610
  72,556
  74,225
  76,132
  78,274
  80,647
  83,251
  86,086
  89,155
  92,461
  96,010
  99,806
  103,857
  108,170
  112,753
  117,617
  122,771
  128,228
  133,997
  140,094
  146,531
  153,323
  160,486
  168,036
  175,991
  184,369
  193,191
  202,476
  212,246
  222,525
  233,337
Adjusted assets (=assets-cash), $m
  71,248
  72,556
  74,225
  76,132
  78,274
  80,647
  83,251
  86,086
  89,155
  92,461
  96,010
  99,806
  103,857
  108,170
  112,753
  117,617
  122,771
  128,228
  133,997
  140,094
  146,531
  153,323
  160,486
  168,036
  175,991
  184,369
  193,191
  202,476
  212,246
  222,525
  233,337
Revenue / Adjusted assets
  0.159
  0.165
  0.165
  0.165
  0.165
  0.165
  0.165
  0.165
  0.165
  0.165
  0.165
  0.165
  0.165
  0.165
  0.165
  0.165
  0.165
  0.165
  0.165
  0.165
  0.165
  0.165
  0.165
  0.165
  0.165
  0.165
  0.165
  0.165
  0.165
  0.165
  0.165
Average production assets, $m
  3,446
  3,520
  3,601
  3,693
  3,797
  3,912
  4,038
  4,176
  4,325
  4,485
  4,657
  4,842
  5,038
  5,247
  5,470
  5,706
  5,956
  6,220
  6,500
  6,796
  7,108
  7,438
  7,785
  8,151
  8,537
  8,944
  9,372
  9,822
  10,296
  10,795
  11,319
Working capital, $m
  -3,867
  646
  661
  678
  697
  719
  742
  767
  794
  824
  855
  889
  925
  964
  1,005
  1,048
  1,094
  1,143
  1,194
  1,248
  1,306
  1,366
  1,430
  1,497
  1,568
  1,643
  1,721
  1,804
  1,891
  1,983
  2,079
Total debt, $m
  35,095
  35,772
  37,099
  38,615
  40,318
  42,204
  44,274
  46,528
  48,968
  51,597
  54,418
  57,436
  60,656
  64,085
  67,729
  71,596
  75,693
  80,031
  84,618
  89,465
  94,582
  99,982
  105,676
  111,679
  118,003
  124,664
  131,677
  139,058
  146,826
  154,998
  163,593
Total liabilities, $m
  57,005
  57,682
  59,009
  60,525
  62,228
  64,114
  66,184
  68,438
  70,878
  73,507
  76,328
  79,346
  82,566
  85,995
  89,639
  93,506
  97,603
  101,941
  106,528
  111,375
  116,492
  121,892
  127,586
  133,589
  139,913
  146,574
  153,587
  160,968
  168,736
  176,908
  185,503
Total equity, $m
  14,605
  14,874
  15,216
  15,607
  16,046
  16,533
  17,066
  17,648
  18,277
  18,955
  19,682
  20,460
  21,291
  22,175
  23,114
  24,111
  25,168
  26,287
  27,469
  28,719
  30,039
  31,431
  32,900
  34,447
  36,078
  37,796
  39,604
  41,508
  43,511
  45,618
  47,834
Total liabilities and equity, $m
  71,610
  72,556
  74,225
  76,132
  78,274
  80,647
  83,250
  86,086
  89,155
  92,462
  96,010
  99,806
  103,857
  108,170
  112,753
  117,617
  122,771
  128,228
  133,997
  140,094
  146,531
  153,323
  160,486
  168,036
  175,991
  184,370
  193,191
  202,476
  212,247
  222,526
  233,337
Debt-to-equity ratio
  2.403
  2.410
  2.440
  2.470
  2.510
  2.550
  2.590
  2.640
  2.680
  2.720
  2.760
  2.810
  2.850
  2.890
  2.930
  2.970
  3.010
  3.040
  3.080
  3.120
  3.150
  3.180
  3.210
  3.240
  3.270
  3.300
  3.320
  3.350
  3.370
  3.400
  3.420
Adjusted equity ratio
  0.205
  0.205
  0.205
  0.205
  0.205
  0.205
  0.205
  0.205
  0.205
  0.205
  0.205
  0.205
  0.205
  0.205
  0.205
  0.205
  0.205
  0.205
  0.205
  0.205
  0.205
  0.205
  0.205
  0.205
  0.205
  0.205
  0.205
  0.205
  0.205
  0.205
  0.205

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  2,123
  1,770
  1,815
  1,864
  1,917
  1,976
  2,040
  2,109
  2,183
  2,263
  2,349
  2,908
  3,005
  3,108
  3,218
  3,335
  3,458
  3,588
  3,726
  3,871
  4,024
  4,186
  4,357
  4,536
  4,725
  4,925
  5,134
  5,355
  5,587
  5,831
  6,088
Depreciation, amort., depletion, $m
  1,849
  1,344
  1,360
  1,379
  1,399
  1,422
  1,448
  1,475
  1,505
  1,537
  1,571
  968
  1,008
  1,049
  1,094
  1,141
  1,191
  1,244
  1,300
  1,359
  1,422
  1,488
  1,557
  1,630
  1,707
  1,789
  1,874
  1,964
  2,059
  2,159
  2,264
Funds from operations, $m
  3,641
  3,114
  3,175
  3,242
  3,316
  3,398
  3,487
  3,584
  3,688
  3,800
  3,920
  3,876
  4,013
  4,158
  4,312
  4,476
  4,649
  4,832
  5,026
  5,230
  5,446
  5,674
  5,914
  6,166
  6,433
  6,713
  7,009
  7,319
  7,646
  7,990
  8,352
Change in working capital, $m
  -486
  13
  15
  17
  19
  21
  23
  25
  27
  29
  32
  34
  36
  38
  41
  43
  46
  49
  51
  54
  57
  61
  64
  67
  71
  75
  79
  83
  87
  92
  96
Cash from operations, $m
  4,127
  3,101
  3,160
  3,225
  3,297
  3,377
  3,464
  3,559
  3,661
  3,771
  3,889
  3,842
  3,976
  4,119
  4,271
  4,432
  4,603
  4,783
  4,974
  5,176
  5,389
  5,613
  5,850
  6,099
  6,362
  6,639
  6,930
  7,237
  7,559
  7,899
  8,256
Maintenance CAPEX, $m
  0
  -689
  -704
  -720
  -739
  -759
  -782
  -808
  -835
  -865
  -897
  -931
  -968
  -1,008
  -1,049
  -1,094
  -1,141
  -1,191
  -1,244
  -1,300
  -1,359
  -1,422
  -1,488
  -1,557
  -1,630
  -1,707
  -1,789
  -1,874
  -1,964
  -2,059
  -2,159
New CAPEX, $m
  -6,085
  -74
  -81
  -93
  -104
  -115
  -126
  -138
  -149
  -160
  -172
  -184
  -196
  -209
  -222
  -236
  -250
  -265
  -280
  -296
  -312
  -329
  -347
  -366
  -386
  -406
  -428
  -450
  -474
  -499
  -524
Cash from investing activities, $m
  -10,703
  -763
  -785
  -813
  -843
  -874
  -908
  -946
  -984
  -1,025
  -1,069
  -1,115
  -1,164
  -1,217
  -1,271
  -1,330
  -1,391
  -1,456
  -1,524
  -1,596
  -1,671
  -1,751
  -1,835
  -1,923
  -2,016
  -2,113
  -2,217
  -2,324
  -2,438
  -2,558
  -2,683
Free cash flow, $m
  -6,576
  2,338
  2,376
  2,412
  2,455
  2,502
  2,555
  2,613
  2,677
  2,746
  2,820
  2,726
  2,812
  2,903
  2,999
  3,102
  3,212
  3,328
  3,450
  3,580
  3,717
  3,862
  4,015
  4,176
  4,346
  4,525
  4,713
  4,912
  5,121
  5,341
  5,572
Issuance/(repayment) of debt, $m
  4,858
  1,039
  1,327
  1,517
  1,703
  1,887
  2,070
  2,254
  2,440
  2,629
  2,821
  3,018
  3,220
  3,429
  3,644
  3,867
  4,098
  4,338
  4,587
  4,847
  5,117
  5,400
  5,694
  6,002
  6,324
  6,661
  7,013
  7,382
  7,768
  8,172
  8,595
Issuance/(repurchase) of shares, $m
  2,642
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  7,957
  1,039
  1,327
  1,517
  1,703
  1,887
  2,070
  2,254
  2,440
  2,629
  2,821
  3,018
  3,220
  3,429
  3,644
  3,867
  4,098
  4,338
  4,587
  4,847
  5,117
  5,400
  5,694
  6,002
  6,324
  6,661
  7,013
  7,382
  7,768
  8,172
  8,595
Total cash flow (excl. dividends), $m
  1,381
  3,377
  3,702
  3,929
  4,157
  4,389
  4,625
  4,867
  5,117
  5,374
  5,641
  5,744
  6,032
  6,331
  6,643
  6,969
  7,309
  7,665
  8,037
  8,427
  8,834
  9,262
  9,709
  10,178
  10,670
  11,186
  11,726
  12,293
  12,888
  13,513
  14,168
Retained Cash Flow (-), $m
  -1,941
  -269
  -342
  -391
  -439
  -486
  -534
  -581
  -629
  -678
  -727
  -778
  -830
  -884
  -940
  -997
  -1,057
  -1,118
  -1,183
  -1,250
  -1,320
  -1,392
  -1,468
  -1,548
  -1,631
  -1,718
  -1,808
  -1,903
  -2,003
  -2,107
  -2,216
Prev. year cash balance distribution, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  3,108
  3,360
  3,538
  3,718
  3,902
  4,091
  4,286
  4,488
  4,696
  4,913
  4,966
  5,202
  5,447
  5,704
  5,972
  6,253
  6,547
  6,854
  7,177
  7,515
  7,869
  8,241
  8,630
  9,039
  9,468
  9,918
  10,390
  10,885
  11,405
  11,951
Discount rate, %
 
  10.50
  11.03
  11.58
  12.16
  12.76
  13.40
  14.07
  14.77
  15.51
  16.29
  17.10
  17.96
  18.86
  19.80
  20.79
  21.83
  22.92
  24.07
  25.27
  26.53
  27.86
  29.25
  30.72
  32.25
  33.86
  35.56
  37.33
  39.20
  41.16
  43.22
PV of cash for distribution, $m
 
  2,813
  2,726
  2,547
  2,350
  2,140
  1,924
  1,705
  1,490
  1,283
  1,086
  875
  717
  577
  455
  351
  266
  196
  141
  99
  68
  45
  29
  18
  11
  6
  4
  2
  1
  1
  0
Current shareholders' claim on cash, %
  100
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

Dominion Energy, Inc., formerly Dominion Resources, Inc., is a producer and transporter of energy. Dominion is focused on its investment in regulated electric generation, transmission and distribution and regulated natural gas transmission and distribution infrastructure. It operates through three segments: Dominion Virginia Power operating segment (DVP), Dominion Generation, Dominion Energy, and Corporate and Other. The DVP segment includes regulated electric distribution and regulated electric transmission. The Dominion Generation segment includes regulated electric fleet and merchant electric fleet. The Dominion Energy segment includes gas transmission and storage, gas gathering and processing, liquefied natural gas import and storage, and nonregulated retail energy marketing. As of December 31, 2016, Dominion served utility and retail energy customers, and operated an underground natural gas storage system with approximately one trillion cubic feet of storage capacity.

FINANCIAL RATIOS  of  Dominion Energy (D)

Valuation Ratios
P/E Ratio 22.2
Price to Sales 4
Price to Book 3.2
Price to Tangible Book
Price to Cash Flow 11.4
Price to Free Cash Flow -24.1
Growth Rates
Sales Growth Rate 0.5%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 9.1%
Cap. Spend. - 3 Yr. Gr. Rate 8.4%
Financial Strength
Quick Ratio 0
Current Ratio 0.1
LT Debt to Equity 207%
Total Debt to Equity 240.3%
Interest Coverage 4
Management Effectiveness
Return On Assets 4.3%
Ret/ On Assets - 3 Yr. Avg. 4.2%
Return On Total Capital 4.7%
Ret/ On T. Cap. - 3 Yr. Avg. 4.4%
Return On Equity 15.6%
Return On Equity - 3 Yr. Avg. 14.2%
Asset Turnover 0.2
Profitability Ratios
Gross Margin 0%
Gross Margin - 3 Yr. Avg. 0%
EBITDA Margin 47.9%
EBITDA Margin - 3 Yr. Avg. 42.5%
Operating Margin 30.9%
Oper. Margin - 3 Yr. Avg. 27.7%
Pre-Tax Margin 24.4%
Pre-Tax Margin - 3 Yr. Avg. 21%
Net Profit Margin 18.1%
Net Profit Margin - 3 Yr. Avg. 15%
Effective Tax Rate 22.8%
Eff/ Tax Rate - 3 Yr. Avg. 26.8%
Payout Ratio 81.3%

D stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the D stock intrinsic value calculation we used $11737 million for the last fiscal year's total revenue generated by Dominion Energy. The default revenue input number comes from 2016 income statement of Dominion Energy. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our D stock valuation model: a) initial revenue growth rate of 2% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 10.5%, whose default value for D is calculated based on our internal credit rating of Dominion Energy, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Dominion Energy.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of D stock the variable cost ratio is equal to 69.7%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for D stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 3.5% for Dominion Energy.

Corporate tax rate of 27% is the nominal tax rate for Dominion Energy. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the D stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for D are equal to 29.4%.

Life of production assets of 4.5 years is the average useful life of capital assets used in Dominion Energy operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for D is equal to 5.4%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $14605 million for Dominion Energy - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 643.597 million for Dominion Energy is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Dominion Energy at the current share price and the inputted number of shares is $48.3 billion.

RELATED COMPANIES Price Int.Val. Rating
SO Southern 44.44 31.05  sell
PCG PG&E 44.39 38.79  hold
DUK Duke Energy 76.82 61.45  sell
SCG Scana 43.35 54.87  buy
NEE NextEra Energy 150.16 63.74  str.sell

COMPANY NEWS

▶ Utilities Continue to Trade in the Oversold Zone   [Jan-22-18 11:40AM  Market Realist]
▶ Morningstar Runs the Numbers   [Jan-20-18 06:00AM  Morningstar]
▶ Where NextEra Energy Stock Could Go from Here   [07:34AM  Market Realist]
▶ How NextEra Energy Stock Is Currently Valued   [Jan-18-18 05:45PM  Market Realist]
▶ Dominion to put 9 power-generating units on reserve status   [Jan-17-18 05:21PM  Associated Press]
▶ Which Utility Is the Best Dividend Stock?   [02:14PM  Motley Fool]
▶ Dominion Energy or Sempra: Recent Smart Deals   [07:31AM  Market Realist]
▶ Dominion Energy Has a Better Dividend Profile than Sempra   [Jan-15-18 10:32AM  Market Realist]
▶ Which Top Utility Offers the Highest Dividend Growth?   [Jan-11-18 03:10PM  Market Realist]
▶ A Rare High-Profile Utility Takeover   [Jan-10-18 03:00PM  Oilprice.com]
▶ DUK, SO, and D: Top Utilities Received a Target Price Cut   [Jan-09-18 09:02AM  Market Realist]
▶ Farewell 2017, Hello 2018   [11:25AM  Harvest Exchange]
▶ Dominion Energy: Cramer's Top Takeaways   [06:45AM  TheStreet.com]
▶ Dominion Stock Trades in the Oversold Zone   [02:00PM  Market Realist]
▶ [$$] Dominion Pounces on Scanas Nuclear Woes   [12:39AM  The Wall Street Journal]
▶ What Happened in the Stock Market Today   [05:04PM  Motley Fool]
▶ [$$] Utility Bid Is a Deal Maker's Delight   [02:23PM  The Wall Street Journal]
▶ Why Scana Agreed to Be Acquired by Dominion   [01:10PM  Bloomberg Video]
▶ SCANA goes to Dominion in blockbuster $7.9 billion deal   [01:07PM  American City Business Journals]
▶ Dominion to buy Scana for $14.6 bln   [11:04AM  Reuters Videos]
▶ Dominion to buy Scana for $14.6 bln   [10:26AM  Reuters Videos]
▶ Natural Gas Inventory Remains below the 5-Year Average   [Dec-27-17 11:46AM  Market Realist]
▶ 3 Sleeper Funds Poised to Soar in 2018   [03:56AM  Harvest Exchange]
▶ N.C. officials emphasize due diligence in Atlantic Coast Pipeline analysis   [Dec-22-17 02:48PM  American City Business Journals]
▶ Natural Gas Inventories Down: Positive for Coal?   [Dec-20-17 02:15PM  Market Realist]
▶ Dominion Energy denies LNG contract renegotiations   [Dec-19-17 01:37PM  Reuters]
Financial statements of D
Valuation of Stocks

The paper VALUATION OF STOCKS: The Quest for Intrinsic Value provides a detailed description of our valuation model and discloses the calculation algorithm.

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