Intrinsic value of CenterPoint Energy - CNP

Previous Close

$27.00

  Intrinsic Value

$32.62

stock screener

  Rating & Target

buy

+21%

Previous close

$27.00

 
Intrinsic value

$32.62

 
Up/down potential

+21%

 
Rating

buy

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

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.

Please visit our new site that uses elements of artificial intelligence for stock valuation: artificial intelligence value of CenterPoint Energy (CNP) stock.

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, %
  1.92
  11.10
  10.49
  9.94
  9.45
  9.00
  8.60
  8.24
  7.92
  7.63
  7.36
  7.13
  6.91
  6.72
  6.55
  6.40
  6.26
  6.13
  6.02
  5.92
  5.82
  5.74
  5.67
  5.60
  5.54
  5.49
  5.44
  5.39
  5.35
  5.32
  5.29
Revenue, $m
  0
  8,364
  9,241
  10,160
  11,119
  12,120
  13,163
  14,248
  15,376
  16,548
  17,767
  19,033
  20,349
  21,717
  23,140
  24,620
  26,160
  27,764
  29,434
  31,175
  32,991
  34,885
  36,862
  38,927
  41,084
  43,338
  45,695
  48,159
  50,738
  53,437
  56,262
Variable operating expenses, $m
 
  6,823
  7,530
  8,270
  9,043
  9,850
  10,690
  11,564
  12,472
  13,417
  14,398
  15,332
  16,392
  17,494
  18,640
  19,832
  21,073
  22,365
  23,711
  25,113
  26,576
  28,102
  29,694
  31,358
  33,095
  34,911
  36,809
  38,795
  40,872
  43,046
  45,322
Fixed operating expenses, $m
 
  440
  451
  462
  474
  485
  498
  510
  523
  536
  549
  563
  577
  591
  606
  621
  637
  653
  669
  686
  703
  721
  739
  757
  776
  795
  815
  836
  856
  878
  900
Total operating expenses, $m
  6,569
  7,263
  7,981
  8,732
  9,517
  10,335
  11,188
  12,074
  12,995
  13,953
  14,947
  15,895
  16,969
  18,085
  19,246
  20,453
  21,710
  23,018
  24,380
  25,799
  27,279
  28,823
  30,433
  32,115
  33,871
  35,706
  37,624
  39,631
  41,728
  43,924
  46,222
Operating income, $m
  959
  1,100
  1,260
  1,427
  1,602
  1,785
  1,976
  2,174
  2,381
  2,596
  2,819
  3,138
  3,380
  3,632
  3,893
  4,166
  4,450
  4,746
  5,054
  5,376
  5,712
  6,063
  6,429
  6,812
  7,213
  7,632
  8,070
  8,529
  9,010
  9,513
  10,040
EBITDA, $m
  2,085
  2,288
  2,563
  2,851
  3,153
  3,467
  3,795
  4,137
  4,492
  4,861
  5,245
  5,644
  6,059
  6,491
  6,940
  7,408
  7,894
  8,401
  8,930
  9,481
  10,056
  10,656
  11,283
  11,938
  12,622
  13,338
  14,087
  14,870
  15,690
  16,549
  17,448
Interest expense (income), $m
  406
  353
  436
  523
  615
  711
  810
  914
  1,023
  1,135
  1,252
  1,374
  1,500
  1,631
  1,768
  1,910
  2,057
  2,211
  2,371
  2,537
  2,711
  2,892
  3,081
  3,278
  3,484
  3,699
  3,924
  4,159
  4,405
  4,662
  4,932
Earnings before tax, $m
  686
  748
  824
  904
  988
  1,075
  1,165
  1,260
  1,358
  1,461
  1,567
  1,765
  1,880
  2,000
  2,126
  2,256
  2,393
  2,535
  2,684
  2,839
  3,001
  3,171
  3,348
  3,534
  3,729
  3,932
  4,146
  4,370
  4,604
  4,850
  5,109
Tax expense, $m
  254
  202
  223
  244
  267
  290
  315
  340
  367
  394
  423
  476
  508
  540
  574
  609
  646
  684
  725
  766
  810
  856
  904
  954
  1,007
  1,062
  1,119
  1,180
  1,243
  1,310
  1,379
Net income, $m
  432
  546
  602
  660
  721
  785
  851
  920
  992
  1,066
  1,144
  1,288
  1,372
  1,460
  1,552
  1,647
  1,747
  1,851
  1,959
  2,072
  2,191
  2,315
  2,444
  2,580
  2,722
  2,871
  3,026
  3,190
  3,361
  3,541
  3,729

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  1,294
  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
  21,829
  22,789
  25,180
  27,683
  30,298
  33,025
  35,866
  38,822
  41,896
  45,091
  48,411
  51,862
  55,447
  59,175
  63,051
  67,084
  71,280
  75,650
  80,202
  84,947
  89,894
  95,055
  100,443
  106,068
  111,945
  118,087
  124,508
  131,224
  138,251
  145,605
  153,304
Adjusted assets (=assets-cash), $m
  20,535
  22,789
  25,180
  27,683
  30,298
  33,025
  35,866
  38,822
  41,896
  45,091
  48,411
  51,862
  55,447
  59,175
  63,051
  67,084
  71,280
  75,650
  80,202
  84,947
  89,894
  95,055
  100,443
  106,068
  111,945
  118,087
  124,508
  131,224
  138,251
  145,605
  153,304
Revenue / Adjusted assets
  0.000
  0.367
  0.367
  0.367
  0.367
  0.367
  0.367
  0.367
  0.367
  0.367
  0.367
  0.367
  0.367
  0.367
  0.367
  0.367
  0.367
  0.367
  0.367
  0.367
  0.367
  0.367
  0.367
  0.367
  0.367
  0.367
  0.367
  0.367
  0.367
  0.367
  0.367
Average production assets, $m
  5,948
  6,607
  7,300
  8,026
  8,784
  9,575
  10,399
  11,256
  12,147
  13,073
  14,036
  15,036
  16,076
  17,157
  18,280
  19,450
  20,666
  21,933
  23,253
  24,629
  26,063
  27,559
  29,121
  30,752
  32,456
  34,237
  36,099
  38,046
  40,083
  42,215
  44,447
Working capital, $m
  -157
  360
  397
  437
  478
  521
  566
  613
  661
  712
  764
  818
  875
  934
  995
  1,059
  1,125
  1,194
  1,266
  1,341
  1,419
  1,500
  1,585
  1,674
  1,767
  1,864
  1,965
  2,071
  2,182
  2,298
  2,419
Total debt, $m
  9,309
  9,901
  11,890
  13,972
  16,148
  18,417
  20,781
  23,240
  25,798
  28,456
  31,218
  34,089
  37,072
  40,174
  43,399
  46,754
  50,245
  53,881
  57,668
  61,616
  65,732
  70,026
  74,508
  79,189
  84,078
  89,188
  94,531
  100,119
  105,965
  112,083
  118,489
Total liabilities, $m
  18,369
  18,961
  20,950
  23,032
  25,208
  27,477
  29,841
  32,300
  34,858
  37,516
  40,278
  43,149
  46,132
  49,234
  52,459
  55,814
  59,305
  62,941
  66,728
  70,676
  74,792
  79,086
  83,568
  88,249
  93,138
  98,248
  103,591
  109,179
  115,025
  121,143
  127,549
Total equity, $m
  3,460
  3,829
  4,230
  4,651
  5,090
  5,548
  6,026
  6,522
  7,039
  7,575
  8,133
  8,713
  9,315
  9,941
  10,593
  11,270
  11,975
  12,709
  13,474
  14,271
  15,102
  15,969
  16,874
  17,819
  18,807
  19,839
  20,917
  22,046
  23,226
  24,462
  25,755
Total liabilities and equity, $m
  21,829
  22,790
  25,180
  27,683
  30,298
  33,025
  35,867
  38,822
  41,897
  45,091
  48,411
  51,862
  55,447
  59,175
  63,052
  67,084
  71,280
  75,650
  80,202
  84,947
  89,894
  95,055
  100,442
  106,068
  111,945
  118,087
  124,508
  131,225
  138,251
  145,605
  153,304
Debt-to-equity ratio
  2.690
  2.590
  2.810
  3.000
  3.170
  3.320
  3.450
  3.560
  3.670
  3.760
  3.840
  3.910
  3.980
  4.040
  4.100
  4.150
  4.200
  4.240
  4.280
  4.320
  4.350
  4.390
  4.420
  4.440
  4.470
  4.500
  4.520
  4.540
  4.560
  4.580
  4.600
Adjusted equity ratio
  0.142
  0.168
  0.168
  0.168
  0.168
  0.168
  0.168
  0.168
  0.168
  0.168
  0.168
  0.168
  0.168
  0.168
  0.168
  0.168
  0.168
  0.168
  0.168
  0.168
  0.168
  0.168
  0.168
  0.168
  0.168
  0.168
  0.168
  0.168
  0.168
  0.168
  0.168

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  432
  546
  602
  660
  721
  785
  851
  920
  992
  1,066
  1,144
  1,288
  1,372
  1,460
  1,552
  1,647
  1,747
  1,851
  1,959
  2,072
  2,191
  2,315
  2,444
  2,580
  2,722
  2,871
  3,026
  3,190
  3,361
  3,541
  3,729
Depreciation, amort., depletion, $m
  1,126
  1,187
  1,303
  1,424
  1,550
  1,682
  1,819
  1,962
  2,111
  2,265
  2,426
  2,506
  2,679
  2,859
  3,047
  3,242
  3,444
  3,656
  3,876
  4,105
  4,344
  4,593
  4,854
  5,125
  5,409
  5,706
  6,016
  6,341
  6,681
  7,036
  7,408
Funds from operations, $m
  2,188
  1,733
  1,905
  2,084
  2,271
  2,467
  2,670
  2,882
  3,102
  3,331
  3,570
  3,794
  4,052
  4,320
  4,599
  4,889
  5,191
  5,506
  5,835
  6,177
  6,535
  6,908
  7,298
  7,705
  8,131
  8,577
  9,043
  9,531
  10,042
  10,577
  11,137
Change in working capital, $m
  260
  36
  38
  40
  41
  43
  45
  47
  49
  50
  52
  54
  57
  59
  61
  64
  66
  69
  72
  75
  78
  81
  85
  89
  93
  97
  101
  106
  111
  116
  121
Cash from operations, $m
  1,928
  1,697
  1,867
  2,044
  2,230
  2,424
  2,625
  2,835
  3,054
  3,281
  3,517
  3,740
  3,995
  4,261
  4,537
  4,825
  5,125
  5,437
  5,763
  6,102
  6,457
  6,826
  7,213
  7,616
  8,038
  8,480
  8,942
  9,425
  9,931
  10,461
  11,016
Maintenance CAPEX, $m
  0
  -991
  -1,101
  -1,217
  -1,338
  -1,464
  -1,596
  -1,733
  -1,876
  -2,024
  -2,179
  -2,339
  -2,506
  -2,679
  -2,859
  -3,047
  -3,242
  -3,444
  -3,656
  -3,876
  -4,105
  -4,344
  -4,593
  -4,854
  -5,125
  -5,409
  -5,706
  -6,016
  -6,341
  -6,681
  -7,036
New CAPEX, $m
  -1,414
  -659
  -693
  -726
  -758
  -791
  -824
  -857
  -891
  -926
  -963
  -1,000
  -1,040
  -1,081
  -1,124
  -1,169
  -1,217
  -1,267
  -1,320
  -1,376
  -1,434
  -1,496
  -1,562
  -1,631
  -1,704
  -1,781
  -1,862
  -1,947
  -2,037
  -2,132
  -2,232
Cash from investing activities, $m
  -1,046
  -1,650
  -1,794
  -1,943
  -2,096
  -2,255
  -2,420
  -2,590
  -2,767
  -2,950
  -3,142
  -3,339
  -3,546
  -3,760
  -3,983
  -4,216
  -4,459
  -4,711
  -4,976
  -5,252
  -5,539
  -5,840
  -6,155
  -6,485
  -6,829
  -7,190
  -7,568
  -7,963
  -8,378
  -8,813
  -9,268
Free cash flow, $m
  882
  47
  73
  102
  134
  169
  206
  245
  287
  330
  376
  400
  449
  501
  554
  609
  667
  726
  787
  851
  917
  986
  1,058
  1,132
  1,209
  1,290
  1,374
  1,461
  1,553
  1,648
  1,748
Issuance/(repayment) of debt, $m
  -154
  1,886
  1,989
  2,083
  2,176
  2,269
  2,364
  2,459
  2,557
  2,658
  2,762
  2,871
  2,983
  3,101
  3,225
  3,355
  3,492
  3,636
  3,787
  3,947
  4,116
  4,294
  4,482
  4,680
  4,890
  5,110
  5,343
  5,588
  5,846
  6,118
  6,405
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  
  -362
  1,886
  1,989
  2,083
  2,176
  2,269
  2,364
  2,459
  2,557
  2,658
  2,762
  2,871
  2,983
  3,101
  3,225
  3,355
  3,492
  3,636
  3,787
  3,947
  4,116
  4,294
  4,482
  4,680
  4,890
  5,110
  5,343
  5,588
  5,846
  6,118
  6,405
Total cash flow (excl. dividends), $m
  520
  1,932
  2,062
  2,185
  2,310
  2,438
  2,569
  2,705
  2,844
  2,988
  3,138
  3,271
  3,433
  3,602
  3,779
  3,964
  4,158
  4,362
  4,575
  4,799
  5,034
  5,280
  5,540
  5,812
  6,099
  6,400
  6,716
  7,049
  7,399
  7,766
  8,153
Retained Cash Flow (-), $m
  1
  -369
  -402
  -421
  -439
  -458
  -477
  -497
  -516
  -537
  -558
  -580
  -602
  -626
  -651
  -677
  -705
  -734
  -765
  -797
  -831
  -867
  -905
  -945
  -987
  -1,032
  -1,079
  -1,128
  -1,180
  -1,235
  -1,293
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
 
  1,564
  1,660
  1,764
  1,871
  1,980
  2,092
  2,208
  2,328
  2,452
  2,580
  2,691
  2,830
  2,976
  3,128
  3,287
  3,453
  3,627
  3,810
  4,001
  4,202
  4,413
  4,635
  4,867
  5,111
  5,368
  5,637
  5,921
  6,218
  6,531
  6,860
Discount rate, %
 
  9.00
  9.45
  9.92
  10.42
  10.94
  11.49
  12.06
  12.66
  13.30
  13.96
  14.66
  15.39
  16.16
  16.97
  17.82
  18.71
  19.65
  20.63
  21.66
  22.74
  23.88
  25.07
  26.33
  27.64
  29.03
  30.48
  32.00
  33.60
  35.28
  37.05
PV of cash for distribution, $m
 
  1,435
  1,386
  1,328
  1,258
  1,178
  1,090
  995
  897
  797
  698
  598
  508
  424
  348
  281
  222
  172
  130
  96
  70
  49
  34
  23
  15
  9
  6
  3
  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

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 (CNP)

Valuation Ratios
P/E Ratio 26.9
Price to Sales 1.5
Price to Book 3.4
Price to Tangible Book
Price to Cash Flow 6
Price to Free Cash Flow 22.6
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 $7528 million for the last fiscal year's total revenue generated by CenterPoint Energy. The default revenue input number comes from 2016 income statement of CenterPoint 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 CNP stock valuation model: a) initial revenue growth rate of 11.1% 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 9%, whose default value for CNP is calculated based on our internal credit rating of CenterPoint 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 CenterPoint 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 CNP stock the variable cost ratio is equal to 81.7%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $429 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 4.4% for CenterPoint Energy.

Corporate tax rate of 27% is the nominal tax rate for CenterPoint 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 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 79%.

Life of production assets of 6 years is the average useful life of capital assets used in CenterPoint 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 CNP is equal to 4.3%. 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 - $3460 million for CenterPoint 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 430.889 million for CenterPoint 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 CenterPoint Energy at the current share price and the inputted number of shares is $11.6 billion.

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COMPANY NEWS

▶ CenterPoint beats 4Q profit forecasts   [07:01AM  Associated Press]
▶ Hedge Your Bet With These Dividend Payers   [Feb-18-18 08:02AM  Simply Wall St.]
▶ CenterPoint Energy to increase 2018 spending 16 percent from earlier estimate   [Jan-05-18 04:05PM  American City Business Journals]
▶ These SPX Utilities Received Price Target Changes Last Week   [Jan-03-18 09:01AM  Market Realist]
▶ Houston companies providing more hurricane relief in Houston, Puerto Rico   [Dec-28-17 12:00PM  American City Business Journals]
▶ Certain Utilities Received a Target Price Change Last Week   [Nov-28-17 07:33AM  Market Realist]
▶ Top Dividend Paying Companies   [Nov-14-17 08:02AM  Simply Wall St.]
▶ CenterPoint misses 3Q profit forecasts   [06:43AM  Associated Press]
▶ CenterPoint Energy declares $0.2675 quarterly dividend   [Oct-25-17 05:00PM  PR Newswire]
▶ Receptionist's family sues over fatal Minnesota school blast   [Oct-18-17 05:42PM  Associated Press]
▶ How the Top Utility Performers of 2017 Are Currently Valued   [Oct-11-17 03:35PM  Market Realist]
▶ Stocks With Rising Relative Strength: Centerpoint Energy   [03:00AM  Investor's Business Daily]
▶ Heres Where to Find Dividend Yield in a Stingy Market   [Sep-18-17 01:15PM  InvestorPlace]
▶ CenterPoint JV to buy Dallas-based midstream company   [09:45AM  American City Business Journals]
Financial statements of CNP
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