Intrinsic value of Scana - SCG

Previous Close

$49.13

  Intrinsic Value

$102.66

stock screener

  Rating & Target

str. buy

+109%

  Value-price divergence*

+201%

Previous close

$49.13

 
Intrinsic value

$102.66

 
Up/down potential

+109%

 
Rating

str. buy

 
Value-price divergence*

+201%

*Intrinsic value change (in %) minus stock price change (in %) in the past 12 months.

We calculate the intrinsic value of SCG 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

Revenue (in 2016), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 7.0

 

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, %
  -3.49
  10.60
  10.04
  9.54
  9.08
  8.67
  8.31
  7.98
  7.68
  7.41
  7.17
  6.95
  6.76
  6.58
  6.42
  6.28
  6.15
  6.04
  5.93
  5.84
  5.76
  5.68
  5.61
  5.55
  5.50
  5.45
  5.40
  5.36
  5.33
  5.29
  5.26
Revenue, $m
  4,227
  4,675
  5,144
  5,635
  6,147
  6,680
  7,235
  7,812
  8,412
  9,035
  9,683
  10,356
  11,056
  11,784
  12,541
  13,328
  14,148
  15,002
  15,893
  16,821
  17,789
  18,800
  19,855
  20,957
  22,109
  23,313
  24,573
  25,890
  27,269
  28,712
  30,224
Variable operating expenses, $m
 
  3,163
  3,478
  3,808
  4,152
  4,510
  4,883
  5,271
  5,674
  6,093
  6,528
  6,960
  7,430
  7,919
  8,428
  8,957
  9,508
  10,082
  10,680
  11,304
  11,955
  12,634
  13,343
  14,084
  14,858
  15,667
  16,514
  17,399
  18,326
  19,296
  20,311
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
  3,074
  3,163
  3,478
  3,808
  4,152
  4,510
  4,883
  5,271
  5,674
  6,093
  6,528
  6,960
  7,430
  7,919
  8,428
  8,957
  9,508
  10,082
  10,680
  11,304
  11,955
  12,634
  13,343
  14,084
  14,858
  15,667
  16,514
  17,399
  18,326
  19,296
  20,311
Operating income, $m
  1,153
  1,512
  1,666
  1,827
  1,995
  2,170
  2,352
  2,541
  2,738
  2,942
  3,155
  3,396
  3,626
  3,865
  4,113
  4,371
  4,640
  4,920
  5,212
  5,517
  5,834
  6,166
  6,512
  6,873
  7,251
  7,646
  8,059
  8,491
  8,943
  9,417
  9,912
EBITDA, $m
  1,542
  1,595
  1,755
  1,922
  2,097
  2,279
  2,468
  2,665
  2,870
  3,083
  3,304
  3,533
  3,772
  4,020
  4,278
  4,547
  4,827
  5,118
  5,422
  5,739
  6,069
  6,414
  6,774
  7,150
  7,543
  7,954
  8,383
  8,833
  9,303
  9,796
  10,311
Interest expense (income), $m
  328
  339
  405
  472
  542
  615
  691
  770
  852
  937
  1,026
  1,118
  1,214
  1,314
  1,418
  1,525
  1,638
  1,754
  1,876
  2,003
  2,135
  2,273
  2,417
  2,567
  2,724
  2,888
  3,060
  3,239
  3,427
  3,623
  3,829
Earnings before tax, $m
  866
  1,173
  1,261
  1,355
  1,453
  1,555
  1,661
  1,771
  1,886
  2,005
  2,129
  2,278
  2,412
  2,551
  2,695
  2,846
  3,003
  3,166
  3,336
  3,514
  3,699
  3,893
  4,095
  4,306
  4,527
  4,758
  4,999
  5,252
  5,516
  5,793
  6,083
Tax expense, $m
  271
  317
  341
  366
  392
  420
  449
  478
  509
  541
  575
  615
  651
  689
  728
  768
  811
  855
  901
  949
  999
  1,051
  1,106
  1,163
  1,222
  1,285
  1,350
  1,418
  1,489
  1,564
  1,643
Net income, $m
  595
  856
  921
  989
  1,061
  1,135
  1,213
  1,293
  1,377
  1,464
  1,554
  1,663
  1,761
  1,862
  1,968
  2,077
  2,192
  2,311
  2,435
  2,565
  2,700
  2,842
  2,989
  3,143
  3,305
  3,473
  3,649
  3,834
  4,027
  4,229
  4,441

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  208
  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
  18,707
  20,505
  22,563
  24,715
  26,960
  29,298
  31,732
  34,263
  36,894
  39,628
  42,469
  45,422
  48,491
  51,682
  55,002
  58,457
  62,054
  65,800
  69,705
  73,776
  78,023
  82,455
  87,083
  91,918
  96,970
  102,252
  107,775
  113,554
  119,601
  125,932
  132,561
Adjusted assets (=assets-cash), $m
  18,499
  20,505
  22,563
  24,715
  26,960
  29,298
  31,732
  34,263
  36,894
  39,628
  42,469
  45,422
  48,491
  51,682
  55,002
  58,457
  62,054
  65,800
  69,705
  73,776
  78,023
  82,455
  87,083
  91,918
  96,970
  102,252
  107,775
  113,554
  119,601
  125,932
  132,561
Revenue / Adjusted assets
  0.228
  0.228
  0.228
  0.228
  0.228
  0.228
  0.228
  0.228
  0.228
  0.228
  0.228
  0.228
  0.228
  0.228
  0.228
  0.228
  0.228
  0.228
  0.228
  0.228
  0.228
  0.228
  0.228
  0.228
  0.228
  0.228
  0.228
  0.228
  0.228
  0.228
  0.228
Average production assets, $m
  278
  309
  340
  372
  406
  441
  478
  516
  555
  596
  639
  684
  730
  778
  828
  880
  934
  990
  1,049
  1,110
  1,174
  1,241
  1,310
  1,383
  1,459
  1,539
  1,622
  1,709
  1,800
  1,895
  1,995
Working capital, $m
  -559
  210
  231
  254
  277
  301
  326
  352
  379
  407
  436
  466
  498
  530
  564
  600
  637
  675
  715
  757
  801
  846
  893
  943
  995
  1,049
  1,106
  1,165
  1,227
  1,292
  1,360
Total debt, $m
  7,431
  8,618
  10,040
  11,527
  13,078
  14,694
  16,376
  18,125
  19,943
  21,832
  23,795
  25,835
  27,956
  30,162
  32,456
  34,843
  37,328
  39,917
  42,615
  45,428
  48,363
  51,426
  54,624
  57,964
  61,455
  65,105
  68,922
  72,915
  77,094
  81,468
  86,048
Total liabilities, $m
  12,982
  14,169
  15,591
  17,078
  18,629
  20,245
  21,927
  23,676
  25,494
  27,383
  29,346
  31,386
  33,507
  35,713
  38,007
  40,394
  42,879
  45,468
  48,166
  50,979
  53,914
  56,977
  60,175
  63,515
  67,006
  70,656
  74,473
  78,466
  82,645
  87,019
  91,599
Total equity, $m
  5,725
  6,336
  6,972
  7,637
  8,331
  9,053
  9,805
  10,587
  11,400
  12,245
  13,123
  14,035
  14,984
  15,970
  16,996
  18,063
  19,175
  20,332
  21,539
  22,797
  24,109
  25,479
  26,909
  28,403
  29,964
  31,596
  33,303
  35,088
  36,957
  38,913
  40,961
Total liabilities and equity, $m
  18,707
  20,505
  22,563
  24,715
  26,960
  29,298
  31,732
  34,263
  36,894
  39,628
  42,469
  45,421
  48,491
  51,683
  55,003
  58,457
  62,054
  65,800
  69,705
  73,776
  78,023
  82,456
  87,084
  91,918
  96,970
  102,252
  107,776
  113,554
  119,602
  125,932
  132,560
Debt-to-equity ratio
  1.298
  1.360
  1.440
  1.510
  1.570
  1.620
  1.670
  1.710
  1.750
  1.780
  1.810
  1.840
  1.870
  1.890
  1.910
  1.930
  1.950
  1.960
  1.980
  1.990
  2.010
  2.020
  2.030
  2.040
  2.050
  2.060
  2.070
  2.080
  2.090
  2.090
  2.100
Adjusted equity ratio
  0.309
  0.309
  0.309
  0.309
  0.309
  0.309
  0.309
  0.309
  0.309
  0.309
  0.309
  0.309
  0.309
  0.309
  0.309
  0.309
  0.309
  0.309
  0.309
  0.309
  0.309
  0.309
  0.309
  0.309
  0.309
  0.309
  0.309
  0.309
  0.309
  0.309
  0.309

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  595
  856
  921
  989
  1,061
  1,135
  1,213
  1,293
  1,377
  1,464
  1,554
  1,663
  1,761
  1,862
  1,968
  2,077
  2,192
  2,311
  2,435
  2,565
  2,700
  2,842
  2,989
  3,143
  3,305
  3,473
  3,649
  3,834
  4,027
  4,229
  4,441
Depreciation, amort., depletion, $m
  389
  83
  89
  95
  102
  109
  117
  124
  132
  140
  149
  137
  146
  156
  166
  176
  187
  198
  210
  222
  235
  248
  262
  277
  292
  308
  324
  342
  360
  379
  399
Funds from operations, $m
  947
  939
  1,010
  1,085
  1,163
  1,244
  1,329
  1,417
  1,509
  1,604
  1,703
  1,800
  1,907
  2,018
  2,133
  2,253
  2,379
  2,509
  2,645
  2,787
  2,935
  3,090
  3,251
  3,420
  3,596
  3,781
  3,974
  4,176
  4,387
  4,608
  4,840
Change in working capital, $m
  -145
  20
  21
  22
  23
  24
  25
  26
  27
  28
  29
  30
  31
  33
  34
  35
  37
  38
  40
  42
  44
  45
  47
  50
  52
  54
  57
  59
  62
  65
  68
Cash from operations, $m
  1,092
  919
  988
  1,063
  1,140
  1,220
  1,304
  1,391
  1,482
  1,576
  1,674
  1,769
  1,875
  1,985
  2,099
  2,218
  2,342
  2,471
  2,605
  2,745
  2,892
  3,044
  3,204
  3,370
  3,545
  3,727
  3,917
  4,116
  4,325
  4,543
  4,772
Maintenance CAPEX, $m
  0
  -56
  -62
  -68
  -74
  -81
  -88
  -96
  -103
  -111
  -119
  -128
  -137
  -146
  -156
  -166
  -176
  -187
  -198
  -210
  -222
  -235
  -248
  -262
  -277
  -292
  -308
  -324
  -342
  -360
  -379
New CAPEX, $m
  -1,579
  -31
  -31
  -32
  -34
  -35
  -37
  -38
  -40
  -41
  -43
  -44
  -46
  -48
  -50
  -52
  -54
  -56
  -59
  -61
  -64
  -67
  -70
  -73
  -76
  -79
  -83
  -87
  -91
  -95
  -100
Cash from investing activities, $m
  -1,620
  -87
  -93
  -100
  -108
  -116
  -125
  -134
  -143
  -152
  -162
  -172
  -183
  -194
  -206
  -218
  -230
  -243
  -257
  -271
  -286
  -302
  -318
  -335
  -353
  -371
  -391
  -411
  -433
  -455
  -479
Free cash flow, $m
  -528
  833
  896
  962
  1,032
  1,104
  1,179
  1,258
  1,339
  1,424
  1,512
  1,597
  1,692
  1,791
  1,894
  2,000
  2,112
  2,228
  2,348
  2,474
  2,606
  2,743
  2,886
  3,036
  3,192
  3,355
  3,526
  3,705
  3,892
  4,088
  4,293
Issuance/(repayment) of debt, $m
  885
  1,395
  1,423
  1,487
  1,551
  1,616
  1,682
  1,749
  1,818
  1,889
  1,963
  2,040
  2,121
  2,205
  2,294
  2,387
  2,485
  2,589
  2,698
  2,813
  2,935
  3,063
  3,198
  3,341
  3,491
  3,650
  3,817
  3,993
  4,179
  4,374
  4,580
Issuance/(repurchase) of shares, $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
  0
Cash from financing (excl. dividends), $m  
  885
  1,395
  1,423
  1,487
  1,551
  1,616
  1,682
  1,749
  1,818
  1,889
  1,963
  2,040
  2,121
  2,205
  2,294
  2,387
  2,485
  2,589
  2,698
  2,813
  2,935
  3,063
  3,198
  3,341
  3,491
  3,650
  3,817
  3,993
  4,179
  4,374
  4,580
Total cash flow (excl. dividends), $m
  357
  2,227
  2,318
  2,449
  2,583
  2,720
  2,861
  3,007
  3,157
  3,313
  3,475
  3,637
  3,813
  3,996
  4,188
  4,388
  4,597
  4,816
  5,046
  5,287
  5,540
  5,806
  6,084
  6,376
  6,683
  7,005
  7,343
  7,698
  8,071
  8,462
  8,874
Retained Cash Flow (-), $m
  -282
  -611
  -636
  -665
  -694
  -723
  -752
  -782
  -813
  -845
  -878
  -912
  -948
  -986
  -1,026
  -1,068
  -1,111
  -1,158
  -1,207
  -1,258
  -1,312
  -1,370
  -1,430
  -1,494
  -1,561
  -1,632
  -1,707
  -1,786
  -1,869
  -1,956
  -2,048
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
 
  1,616
  1,682
  1,784
  1,889
  1,997
  2,109
  2,225
  2,344
  2,468
  2,597
  2,725
  2,865
  3,010
  3,162
  3,320
  3,486
  3,659
  3,840
  4,029
  4,228
  4,436
  4,654
  4,882
  5,122
  5,373
  5,636
  5,912
  6,202
  6,506
  6,825
Discount rate, %
 
  8.70
  9.14
  9.59
  10.07
  10.57
  11.10
  11.66
  12.24
  12.85
  13.50
  14.17
  14.88
  15.62
  16.41
  17.23
  18.09
  18.99
  19.94
  20.94
  21.98
  23.08
  24.24
  25.45
  26.72
  28.06
  29.46
  30.93
  32.48
  34.11
  35.81
PV of cash for distribution, $m
 
  1,487
  1,412
  1,356
  1,287
  1,208
  1,121
  1,028
  931
  831
  732
  634
  542
  456
  377
  306
  244
  190
  146
  109
  79
  57
  39
  27
  17
  11
  7
  4
  2
  1
  1
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

SCANA Corporation is a holding company. The Company, through its subsidiaries, is engaged in the generation, transmission, distribution and sale of electricity in South Carolina. The Company operates through segments, including Electric Operations, Gas Distribution, Gas Marketing and All Other. The Company is engaged in the purchase, transmission and sale of natural gas in North Carolina and South Carolina. The Electric Operations segment generates, transmits and distributes electricity. The Company's regulated businesses include subsidiaries, such as South Carolina Electric & Gas Company (SCE&G), South Carolina Fuel Company, Inc. (Fuel Company), South Carolina Generating Company, Inc. (GENCO) and Public Service Company of North Carolina, Incorporated (PSNC Energy). The Company's nonregulated businesses include subsidiaries, such as SCANA Energy Marketing, Inc. (SCANA Energy), ServiceCare, Inc., SCANA Services, Inc. and SCANA Corporate Security Services, Inc.

FINANCIAL RATIOS  of  Scana (SCG)

Valuation Ratios
P/E Ratio 11.8
Price to Sales 1.7
Price to Book 1.2
Price to Tangible Book
Price to Cash Flow 6.4
Price to Free Cash Flow -14.4
Growth Rates
Sales Growth Rate -3.5%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 36.9%
Cap. Spend. - 3 Yr. Gr. Rate 7.4%
Financial Strength
Quick Ratio 0
Current Ratio 0
LT Debt to Equity 113.1%
Total Debt to Equity 129.8%
Interest Coverage 4
Management Effectiveness
Return On Assets 4.6%
Ret/ On Assets - 3 Yr. Avg. 4.9%
Return On Total Capital 4.7%
Ret/ On T. Cap. - 3 Yr. Avg. 5.3%
Return On Equity 10.7%
Return On Equity - 3 Yr. Avg. 12%
Asset Turnover 0.2
Profitability Ratios
Gross Margin 0%
Gross Margin - 3 Yr. Avg. 0%
EBITDA Margin 37.4%
EBITDA Margin - 3 Yr. Avg. 36.3%
Operating Margin 27.3%
Oper. Margin - 3 Yr. Avg. 26.6%
Pre-Tax Margin 20.5%
Pre-Tax Margin - 3 Yr. Avg. 20.8%
Net Profit Margin 14.1%
Net Profit Margin - 3 Yr. Avg. 14%
Effective Tax Rate 31.3%
Eff/ Tax Rate - 3 Yr. Avg. 32.4%
Payout Ratio 54.6%

SCG stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the SCG stock intrinsic value calculation we used $4227 million for the last fiscal year's total revenue generated by Scana. The default revenue input number comes from 2016 income statement of Scana. 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 SCG stock valuation model: a) initial revenue growth rate of 10.6% 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 8.7%, whose default value for SCG is calculated based on our internal credit rating of Scana, 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 Scana.
    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 SCG stock the variable cost ratio is equal to 67.7%.

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 SCG 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 4.7% for Scana.

Corporate tax rate of 27% is the nominal tax rate for Scana. 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 SCG 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 SCG are equal to 6.6%.

Life of production assets of 1.3 years is the average useful life of capital assets used in Scana 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 SCG is equal to 4.5%. 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 - $5725 million for Scana - 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 142.643 million for Scana 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 Scana at the current share price and the inputted number of shares is $7.0 billion.

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COMPANY NEWS

▶ Why US Utility Stocks Keep Climbing   [Oct-16-17 04:12PM  Market Realist]
▶ Analysts Views and Price Targets for SCANA Corporation   [Oct-13-17 07:38AM  Market Realist]
▶ 3 Value Utility Stocks   [06:03AM  Motley Fool]
▶ Comparing SCANAs Total Returns with Its Peers   [07:41AM  Market Realist]
▶ Could Trumps Tax Reform Hurt Utilities?   [07:44AM  Market Realist]
▶ SCANA: What Are Analysts Recommendations?   [03:36PM  Market Realist]
▶ How SCANA Dug a Hole in Investors Pockets   [02:06PM  Market Realist]
▶ SCANA Trades in the Oversold Zone   [12:36PM  Market Realist]
▶ SCANA Shares Continue to Look Weak   [12:36PM  Market Realist]
▶ SCANA: S&P 500s Top Loser on September 27   [09:36AM  Market Realist]
▶ Where NRG Energy Stock Might Go from Here   [07:41AM  Market Realist]
▶ The Biggest Loser: Scana Slides   [Sep-27-17 05:51PM  Barrons.com]
▶ Hedge Funds to Buy Scana's $2 Billion Toshiba Penalty   [Sep-26-17 06:17PM  Bloomberg]
Financial statements of SCG
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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