Intrinsic value of CenterPoint Energy, Inc. - CNP

Previous Close

$27.87

  Intrinsic Value

$23.36

stock screener

  Rating & Target

hold

-16%

Previous close

$27.87

 
Intrinsic value

$23.36

 
Up/down potential

-16%

 
Rating

hold

We calculate the intrinsic value of CNP 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 0001), $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 14.0

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  15.10
  14.09
  13.18
  12.36
  11.63
  10.96
  10.37
  9.83
  9.35
  8.91
  8.52
  8.17
  7.85
  7.57
  7.31
  7.08
  6.87
  6.68
  6.52
  6.36
  6.23
  6.11
  5.99
  5.90
  5.81
  5.73
  5.65
  5.59
  5.53
  5.48
Revenue, $m
  12,188
  13,905
  15,738
  17,684
  19,740
  21,904
  24,175
  26,552
  29,033
  31,621
  34,316
  37,119
  40,034
  43,064
  46,212
  49,483
  52,884
  56,419
  60,095
  63,919
  67,900
  72,046
  76,365
  80,866
  85,561
  90,460
  95,573
  100,913
  106,492
  112,323
Variable operating expenses, $m
  10,737
  12,237
  13,839
  15,539
  17,336
  19,227
  21,211
  23,288
  25,457
  27,718
  29,986
  32,435
  34,982
  37,630
  40,380
  43,239
  46,210
  49,299
  52,512
  55,854
  59,332
  62,954
  66,728
  70,662
  74,764
  79,045
  83,513
  88,179
  93,054
  98,149
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
  10,737
  12,237
  13,839
  15,539
  17,336
  19,227
  21,211
  23,288
  25,457
  27,718
  29,986
  32,435
  34,982
  37,630
  40,380
  43,239
  46,210
  49,299
  52,512
  55,854
  59,332
  62,954
  66,728
  70,662
  74,764
  79,045
  83,513
  88,179
  93,054
  98,149
Operating income, $m
  1,451
  1,668
  1,899
  2,145
  2,404
  2,677
  2,964
  3,264
  3,577
  3,904
  4,330
  4,684
  5,052
  5,434
  5,831
  6,244
  6,673
  7,119
  7,583
  8,066
  8,568
  9,091
  9,636
  10,204
  10,797
  11,415
  12,060
  12,734
  13,438
  14,174
EBITDA, $m
  2,926
  3,338
  3,778
  4,245
  4,739
  5,258
  5,804
  6,374
  6,970
  7,591
  8,238
  8,911
  9,611
  10,338
  11,094
  11,879
  12,696
  13,544
  14,427
  15,345
  16,301
  17,296
  18,333
  19,413
  20,540
  21,716
  22,944
  24,226
  25,565
  26,965
Interest expense (income), $m
  406
  527
  674
  830
  997
  1,175
  1,362
  1,559
  1,766
  1,983
  2,209
  2,445
  2,691
  2,946
  3,212
  3,488
  3,775
  4,074
  4,384
  4,706
  5,041
  5,390
  5,753
  6,130
  6,524
  6,935
  7,363
  7,809
  8,275
  8,762
  9,271
Earnings before tax, $m
  924
  994
  1,069
  1,148
  1,230
  1,315
  1,405
  1,497
  1,594
  1,694
  1,885
  1,993
  2,105
  2,222
  2,343
  2,469
  2,600
  2,736
  2,877
  3,025
  3,179
  3,339
  3,506
  3,680
  3,862
  4,052
  4,251
  4,459
  4,676
  4,903
Tax expense, $m
  249
  268
  289
  310
  332
  355
  379
  404
  430
  457
  509
  538
  568
  600
  633
  667
  702
  739
  777
  817
  858
  901
  947
  994
  1,043
  1,094
  1,148
  1,204
  1,262
  1,324
Net income, $m
  674
  726
  780
  838
  898
  960
  1,025
  1,093
  1,164
  1,237
  1,376
  1,455
  1,537
  1,622
  1,710
  1,802
  1,898
  1,997
  2,101
  2,208
  2,320
  2,437
  2,559
  2,687
  2,819
  2,958
  3,103
  3,255
  3,413
  3,579

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $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 assets, $m
  28,148
  32,114
  36,347
  40,840
  45,588
  50,587
  55,831
  61,320
  67,052
  73,028
  79,251
  85,726
  92,458
  99,454
  106,725
  114,280
  122,133
  130,297
  138,787
  147,620
  156,814
  166,387
  176,362
  186,758
  197,601
  208,914
  220,723
  233,055
  245,940
  259,407
Adjusted assets (=assets-cash), $m
  28,148
  32,114
  36,347
  40,840
  45,588
  50,587
  55,831
  61,320
  67,052
  73,028
  79,251
  85,726
  92,458
  99,454
  106,725
  114,280
  122,133
  130,297
  138,787
  147,620
  156,814
  166,387
  176,362
  186,758
  197,601
  208,914
  220,723
  233,055
  245,940
  259,407
Revenue / Adjusted assets
  0.433
  0.433
  0.433
  0.433
  0.433
  0.433
  0.433
  0.433
  0.433
  0.433
  0.433
  0.433
  0.433
  0.433
  0.433
  0.433
  0.433
  0.433
  0.433
  0.433
  0.433
  0.433
  0.433
  0.433
  0.433
  0.433
  0.433
  0.433
  0.433
  0.433
Average production assets, $m
  16,100
  18,369
  20,790
  23,360
  26,076
  28,935
  31,935
  35,075
  38,353
  41,772
  45,331
  49,035
  52,885
  56,887
  61,046
  65,368
  69,859
  74,529
  79,385
  84,438
  89,696
  95,172
  100,878
  106,825
  113,026
  119,497
  126,252
  133,306
  140,676
  148,379
Working capital, $m
  37
  42
  47
  53
  59
  66
  73
  80
  87
  95
  103
  111
  120
  129
  139
  148
  159
  169
  180
  192
  204
  216
  229
  243
  257
  271
  287
  303
  319
  337
Total debt, $m
  12,473
  15,372
  18,466
  21,751
  25,222
  28,876
  32,710
  36,722
  40,912
  45,281
  49,830
  54,563
  59,483
  64,598
  69,913
  75,436
  81,176
  87,144
  93,350
  99,807
  106,528
  113,526
  120,817
  128,417
  136,343
  144,613
  153,245
  162,260
  171,679
  181,523
Total liabilities, $m
  20,576
  23,475
  26,569
  29,854
  33,325
  36,979
  40,813
  44,825
  49,015
  53,384
  57,933
  62,666
  67,586
  72,701
  78,016
  83,539
  89,279
  95,247
  101,453
  107,910
  114,631
  121,629
  128,920
  136,520
  144,446
  152,716
  161,348
  170,363
  179,782
  189,626
Total equity, $m
  7,572
  8,639
  9,777
  10,986
  12,263
  13,608
  15,019
  16,495
  18,037
  19,645
  21,319
  23,060
  24,871
  26,753
  28,709
  30,741
  32,854
  35,050
  37,334
  39,710
  42,183
  44,758
  47,441
  50,238
  53,155
  56,198
  59,374
  62,692
  66,158
  69,780
Total liabilities and equity, $m
  28,148
  32,114
  36,346
  40,840
  45,588
  50,587
  55,832
  61,320
  67,052
  73,029
  79,252
  85,726
  92,457
  99,454
  106,725
  114,280
  122,133
  130,297
  138,787
  147,620
  156,814
  166,387
  176,361
  186,758
  197,601
  208,914
  220,722
  233,055
  245,940
  259,406
Debt-to-equity ratio
  1.650
  1.780
  1.890
  1.980
  2.060
  2.120
  2.180
  2.230
  2.270
  2.300
  2.340
  2.370
  2.390
  2.410
  2.440
  2.450
  2.470
  2.490
  2.500
  2.510
  2.530
  2.540
  2.550
  2.560
  2.570
  2.570
  2.580
  2.590
  2.590
  2.600
Adjusted equity ratio
  0.269
  0.269
  0.269
  0.269
  0.269
  0.269
  0.269
  0.269
  0.269
  0.269
  0.269
  0.269
  0.269
  0.269
  0.269
  0.269
  0.269
  0.269
  0.269
  0.269
  0.269
  0.269
  0.269
  0.269
  0.269
  0.269
  0.269
  0.269
  0.269
  0.269

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  674
  726
  780
  838
  898
  960
  1,025
  1,093
  1,164
  1,237
  1,376
  1,455
  1,537
  1,622
  1,710
  1,802
  1,898
  1,997
  2,101
  2,208
  2,320
  2,437
  2,559
  2,687
  2,819
  2,958
  3,103
  3,255
  3,413
  3,579
Depreciation, amort., depletion, $m
  1,475
  1,670
  1,879
  2,101
  2,335
  2,581
  2,840
  3,110
  3,393
  3,688
  3,908
  4,227
  4,559
  4,904
  5,263
  5,635
  6,022
  6,425
  6,844
  7,279
  7,732
  8,205
  8,696
  9,209
  9,744
  10,301
  10,884
  11,492
  12,127
  12,791
Funds from operations, $m
  2,149
  2,396
  2,659
  2,938
  3,232
  3,541
  3,865
  4,204
  4,557
  4,925
  5,284
  5,682
  6,096
  6,526
  6,973
  7,437
  7,920
  8,422
  8,944
  9,487
  10,053
  10,642
  11,256
  11,896
  12,563
  13,260
  13,987
  14,747
  15,541
  16,371
Change in working capital, $m
  5
  5
  5
  6
  6
  6
  7
  7
  7
  8
  8
  8
  9
  9
  9
  10
  10
  11
  11
  11
  12
  12
  13
  14
  14
  15
  15
  16
  17
  17
Cash from operations, $m
  2,144
  2,391
  2,654
  2,932
  3,226
  3,535
  3,858
  4,196
  4,549
  4,917
  5,276
  5,674
  6,087
  6,517
  6,964
  7,428
  7,910
  8,411
  8,933
  9,476
  10,041
  10,629
  11,243
  11,882
  12,549
  13,245
  13,972
  14,731
  15,524
  16,353
Maintenance CAPEX, $m
  -1,206
  -1,388
  -1,584
  -1,792
  -2,014
  -2,248
  -2,494
  -2,753
  -3,024
  -3,306
  -3,601
  -3,908
  -4,227
  -4,559
  -4,904
  -5,263
  -5,635
  -6,022
  -6,425
  -6,844
  -7,279
  -7,732
  -8,205
  -8,696
  -9,209
  -9,744
  -10,301
  -10,884
  -11,492
  -12,127
New CAPEX, $m
  -2,116
  -2,269
  -2,421
  -2,570
  -2,716
  -2,859
  -3,000
  -3,139
  -3,279
  -3,418
  -3,560
  -3,703
  -3,850
  -4,002
  -4,159
  -4,322
  -4,492
  -4,670
  -4,856
  -5,052
  -5,259
  -5,476
  -5,705
  -5,947
  -6,202
  -6,471
  -6,755
  -7,054
  -7,370
  -7,703
Cash from investing activities, $m
  -3,322
  -3,657
  -4,005
  -4,362
  -4,730
  -5,107
  -5,494
  -5,892
  -6,303
  -6,724
  -7,161
  -7,611
  -8,077
  -8,561
  -9,063
  -9,585
  -10,127
  -10,692
  -11,281
  -11,896
  -12,538
  -13,208
  -13,910
  -14,643
  -15,411
  -16,215
  -17,056
  -17,938
  -18,862
  -19,830
Free cash flow, $m
  -1,177
  -1,265
  -1,351
  -1,430
  -1,504
  -1,572
  -1,636
  -1,696
  -1,753
  -1,808
  -1,885
  -1,937
  -1,990
  -2,044
  -2,099
  -2,157
  -2,217
  -2,281
  -2,348
  -2,420
  -2,497
  -2,579
  -2,667
  -2,761
  -2,862
  -2,969
  -3,084
  -3,207
  -3,338
  -3,477
Issuance/(repayment) of debt, $m
  2,708
  2,899
  3,094
  3,285
  3,471
  3,654
  3,834
  4,012
  4,190
  4,369
  4,549
  4,733
  4,921
  5,114
  5,315
  5,523
  5,740
  5,968
  6,206
  6,457
  6,721
  6,998
  7,291
  7,600
  7,926
  8,270
  8,632
  9,015
  9,419
  9,844
Issuance/(repurchase) of shares, $m
  308
  341
  358
  371
  380
  384
  385
  383
  378
  371
  298
  287
  274
  260
  245
  230
  215
  199
  183
  168
  153
  138
  124
  110
  97
  85
  73
  63
  53
  43
Cash from financing (excl. dividends), $m  
  3,016
  3,240
  3,452
  3,656
  3,851
  4,038
  4,219
  4,395
  4,568
  4,740
  4,847
  5,020
  5,195
  5,374
  5,560
  5,753
  5,955
  6,167
  6,389
  6,625
  6,874
  7,136
  7,415
  7,710
  8,023
  8,355
  8,705
  9,078
  9,472
  9,887
Total cash flow (excl. dividends), $m
  1,839
  1,975
  2,102
  2,226
  2,347
  2,466
  2,583
  2,699
  2,815
  2,932
  2,962
  3,082
  3,204
  3,330
  3,461
  3,597
  3,738
  3,886
  4,041
  4,205
  4,376
  4,557
  4,748
  4,949
  5,161
  5,385
  5,621
  5,870
  6,133
  6,411
Retained Cash Flow (-), $m
  -983
  -1,067
  -1,139
  -1,209
  -1,277
  -1,345
  -1,411
  -1,476
  -1,542
  -1,608
  -1,674
  -1,742
  -1,811
  -1,882
  -1,956
  -2,032
  -2,112
  -2,196
  -2,284
  -2,376
  -2,473
  -2,575
  -2,683
  -2,797
  -2,917
  -3,043
  -3,177
  -3,317
  -3,466
  -3,623
Prev. year cash balance distribution, $m
  1,469
  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
  2,325
  908
  963
  1,017
  1,070
  1,121
  1,172
  1,223
  1,273
  1,324
  1,288
  1,340
  1,394
  1,448
  1,505
  1,564
  1,626
  1,690
  1,758
  1,829
  1,903
  1,982
  2,065
  2,152
  2,245
  2,342
  2,445
  2,553
  2,667
  2,788
Discount rate, %
  4.80
  5.04
  5.29
  5.56
  5.83
  6.13
  6.43
  6.75
  7.09
  7.45
  7.82
  8.21
  8.62
  9.05
  9.50
  9.98
  10.48
  11.00
  11.55
  12.13
  12.74
  13.37
  14.04
  14.74
  15.48
  16.25
  17.07
  17.92
  18.82
  19.76
PV of cash for distribution, $m
  2,219
  823
  825
  819
  806
  785
  758
  725
  687
  646
  563
  520
  476
  431
  386
  341
  299
  258
  220
  185
  154
  125
  101
  79
  61
  47
  35
  25
  18
  12
Current shareholders' claim on cash, %
  97.4
  94.9
  92.7
  90.7
  88.9
  87.4
  85.9
  84.7
  83.6
  82.6
  81.9
  81.3
  80.7
  80.2
  79.8
  79.4
  79.1
  78.8
  78.6
  78.4
  78.2
  78.1
  78.0
  77.9
  77.8
  77.7
  77.6
  77.6
  77.6
  77.5

CenterPoint Energy, Inc. is a public utility holding company. The Company, through its subsidiaries, owns and operates electric transmission and distribution facilities, and natural gas distribution facilities. The Electric Transmission & Distribution segment provides electric transmission and distribution services to retail electric providers. Its Natural Gas Distribution segment offers intrastate natural gas sales to and natural gas transportation and distribution for residential, commercial and industrial customers. Its Energy Services segment includes non-rate regulated gas sales and transportation and storage services for commercial and industrial customers. Its Midstream Investments segment includes equity investment in Enable that owns, operates and develops natural gas and crude oil assets. Its Other Operations segment includes office buildings and other real estate used in its business operations and other corporate operations.

FINANCIAL RATIOS  of  CenterPoint Energy, Inc. (CNP)

Valuation Ratios
P/E Ratio 27.8
Price to Sales 1.6
Price to Book 3.5
Price to Tangible Book
Price to Cash Flow 6.2
Price to Free Cash Flow 23.4
Growth Rates
Sales Growth Rate 1.9%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -10.7%
Cap. Spend. - 3 Yr. Gr. Rate 1.9%
Financial Strength
Quick Ratio 1
Current Ratio 0.1
LT Debt to Equity 217.7%
Total Debt to Equity 269%
Interest Coverage 3
Management Effectiveness
Return On Assets 3.2%
Ret/ On Assets - 3 Yr. Avg. 1.8%
Return On Total Capital 3.4%
Ret/ On T. Cap. - 3 Yr. Avg. 0.9%
Return On Equity 12.5%
Return On Equity - 3 Yr. Avg. 3%
Asset Turnover 0.3
Profitability Ratios
Gross Margin 0%
Gross Margin - 3 Yr. Avg. 0%
EBITDA Margin 29.5%
EBITDA Margin - 3 Yr. Avg. 19.4%
Operating Margin 12.7%
Oper. Margin - 3 Yr. Avg. 11.8%
Pre-Tax Margin 9.1%
Pre-Tax Margin - 3 Yr. Avg. 1.1%
Net Profit Margin 5.7%
Net Profit Margin - 3 Yr. Avg. 1%
Effective Tax Rate 37%
Eff/ Tax Rate - 3 Yr. Avg. 35.6%
Payout Ratio 102.5%

CNP stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the CNP stock intrinsic value calculation we used $10589 million for the last fiscal year's total revenue generated by CenterPoint Energy, Inc.. The default revenue input number comes from 0001 income statement of CenterPoint Energy, Inc.. 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 CNP stock valuation model: a) initial revenue growth rate of 15.1% 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 4.8%, whose default value for CNP is calculated based on our internal credit rating of CenterPoint Energy, Inc., 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 CenterPoint Energy, Inc..
    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 CNP stock the variable cost ratio is equal to 88.2%.

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 CNP 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 5.4% for CenterPoint Energy, Inc..

Corporate tax rate of 27% is the nominal tax rate for CenterPoint Energy, Inc.. 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 CNP 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 CNP are equal to 132.1%.

Life of production assets of 11.6 years is the average useful life of capital assets used in CenterPoint Energy, Inc. 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 CNP is equal to 0.3%. 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 - $8058 million for CenterPoint Energy, Inc. - 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 501.136 million for CenterPoint Energy, Inc. 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 CenterPoint Energy, Inc. at the current share price and the inputted number of shares is $14.0 billion.

RELATED COMPANIES Price Int.Val. Rating
ATO Atmos Energy C 110.44 34.89  str.sell
NI NiSource, Inc 29.42 10.34  str.sell
CPK Chesapeake Uti 95.21 15.81  str.sell

CONTACT US      

About X-FIN       Privacy policy       Terms of use      

Copyright © X-FIN.com 2005-2019. All rigths reserved.