Intrinsic value of Duke Energy - DUK

Previous Close

$80.65

  Intrinsic Value

$38.91

stock screener

  Rating & Target

str. sell

-52%

Previous close

$80.65

 
Intrinsic value

$38.91

 
Up/down potential

-52%

 
Rating

str. sell

We calculate the intrinsic value of DUK 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 2017), $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 56.5

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   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
   2047

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  3.60
  3.74
  3.87
  3.98
  4.08
  4.17
  4.26
  4.33
  4.40
  4.46
  4.51
  4.56
  4.60
  4.64
  4.68
  4.71
  4.74
  4.77
  4.79
  4.81
  4.83
  4.85
  4.86
  4.88
  4.89
  4.90
  4.91
  4.92
  4.93
  4.93
Revenue, $m
  24,413
  25,326
  26,306
  27,352
  28,469
  29,657
  30,919
  32,258
  33,676
  35,178
  36,765
  38,441
  40,211
  42,079
  44,048
  46,124
  48,310
  50,613
  53,037
  55,589
  58,273
  61,098
  64,069
  67,192
  70,477
  73,930
  77,560
  81,375
  85,384
  89,597
Variable operating expenses, $m
  3,665
  3,730
  3,799
  3,873
  3,952
  4,036
  4,125
  4,220
  4,320
  4,426
  2,599
  2,717
  2,843
  2,975
  3,114
  3,261
  3,415
  3,578
  3,749
  3,930
  4,119
  4,319
  4,529
  4,750
  4,982
  5,226
  5,483
  5,752
  6,036
  6,334
Fixed operating expenses, $m
  14,526
  14,845
  15,172
  15,506
  15,847
  16,195
  16,552
  16,916
  17,288
  17,668
  18,057
  18,454
  18,860
  19,275
  19,699
  20,133
  20,576
  21,028
  21,491
  21,964
  22,447
  22,941
  23,445
  23,961
  24,488
  25,027
  25,578
  26,140
  26,715
  27,303
Total operating expenses, $m
  18,191
  18,575
  18,971
  19,379
  19,799
  20,231
  20,677
  21,136
  21,608
  22,094
  20,656
  21,171
  21,703
  22,250
  22,813
  23,394
  23,991
  24,606
  25,240
  25,894
  26,566
  27,260
  27,974
  28,711
  29,470
  30,253
  31,061
  31,892
  32,751
  33,637
Operating income, $m
  6,222
  6,751
  7,334
  7,974
  8,670
  9,425
  10,242
  11,122
  12,068
  13,083
  16,109
  17,270
  18,509
  19,829
  21,235
  22,730
  24,319
  26,007
  27,797
  29,695
  31,707
  33,838
  36,094
  38,481
  41,007
  43,677
  46,499
  49,482
  52,632
  55,960
EBITDA, $m
  18,923
  19,855
  20,870
  21,970
  23,158
  24,438
  25,811
  27,281
  28,852
  30,529
  32,315
  34,215
  36,234
  38,378
  40,651
  43,062
  45,615
  48,317
  51,176
  54,199
  57,394
  60,770
  64,335
  68,100
  72,073
  76,265
  80,688
  85,352
  90,269
  95,454
Interest expense (income), $m
  1,794
  2,940
  3,120
  3,321
  3,536
  3,767
  4,013
  4,274
  4,552
  4,847
  5,159
  5,489
  5,839
  6,208
  6,597
  7,008
  7,442
  7,898
  8,380
  8,887
  9,420
  9,982
  10,573
  11,194
  11,848
  12,536
  13,259
  14,019
  14,818
  15,657
  16,540
Earnings before tax, $m
  3,282
  3,631
  4,014
  4,437
  4,903
  5,413
  5,968
  6,570
  7,222
  7,924
  10,620
  11,431
  12,301
  13,232
  14,227
  15,289
  16,421
  17,627
  18,910
  20,275
  21,725
  23,265
  24,900
  26,633
  28,471
  30,418
  32,480
  34,664
  36,975
  39,420
Tax expense, $m
  886
  980
  1,084
  1,198
  1,324
  1,461
  1,611
  1,774
  1,950
  2,140
  2,867
  3,086
  3,321
  3,573
  3,841
  4,128
  4,434
  4,759
  5,106
  5,474
  5,866
  6,282
  6,723
  7,191
  7,687
  8,213
  8,770
  9,359
  9,983
  10,643
Net income, $m
  2,396
  2,651
  2,930
  3,239
  3,579
  3,951
  4,357
  4,796
  5,272
  5,785
  7,752
  8,345
  8,980
  9,659
  10,386
  11,161
  11,987
  12,868
  13,805
  14,801
  15,860
  16,984
  18,177
  19,442
  20,784
  22,205
  23,711
  25,305
  26,992
  28,776

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
  142,768
  148,108
  153,833
  159,955
  166,484
  173,431
  180,813
  188,643
  196,938
  205,717
  214,998
  224,804
  235,155
  246,076
  257,591
  269,728
  282,515
  295,981
  310,158
  325,080
  340,780
  357,297
  374,670
  392,938
  412,146
  432,340
  453,565
  475,874
  499,319
  523,956
Adjusted assets (=assets-cash), $m
  142,768
  148,108
  153,833
  159,955
  166,484
  173,431
  180,813
  188,643
  196,938
  205,717
  214,998
  224,804
  235,155
  246,076
  257,591
  269,728
  282,515
  295,981
  310,158
  325,080
  340,780
  357,297
  374,670
  392,938
  412,146
  432,340
  453,565
  475,874
  499,319
  523,956
Revenue / Adjusted assets
  0.171
  0.171
  0.171
  0.171
  0.171
  0.171
  0.171
  0.171
  0.171
  0.171
  0.171
  0.171
  0.171
  0.171
  0.171
  0.171
  0.171
  0.171
  0.171
  0.171
  0.171
  0.171
  0.171
  0.171
  0.171
  0.171
  0.171
  0.171
  0.171
  0.171
Average production assets, $m
  107,614
  111,639
  115,955
  120,569
  125,490
  130,727
  136,291
  142,193
  148,445
  155,063
  162,059
  169,450
  177,252
  185,484
  194,164
  203,313
  212,951
  223,101
  233,787
  245,035
  256,869
  269,319
  282,414
  296,184
  310,663
  325,884
  341,883
  358,699
  376,371
  394,941
Working capital, $m
  220
  228
  237
  246
  256
  267
  278
  290
  303
  317
  331
  346
  362
  379
  396
  415
  435
  456
  477
  500
  524
  550
  577
  605
  634
  665
  698
  732
  768
  806
Total debt, $m
  57,776
  61,498
  65,489
  69,756
  74,306
  79,149
  84,293
  89,751
  95,533
  101,651
  108,121
  114,955
  122,170
  129,782
  137,808
  146,268
  155,180
  164,566
  174,447
  184,848
  195,791
  207,303
  219,412
  232,145
  245,533
  259,608
  274,402
  289,951
  306,293
  323,464
Total liabilities, $m
  99,509
  103,231
  107,222
  111,489
  116,039
  120,882
  126,026
  131,484
  137,266
  143,384
  149,854
  156,688
  163,903
  171,515
  179,541
  188,001
  196,913
  206,299
  216,180
  226,581
  237,524
  249,036
  261,145
  273,878
  287,266
  301,341
  316,135
  331,684
  348,026
  365,197
Total equity, $m
  43,259
  44,877
  46,612
  48,466
  50,445
  52,550
  54,786
  57,159
  59,672
  62,332
  65,144
  68,115
  71,252
  74,561
  78,050
  81,728
  85,602
  89,682
  93,978
  98,499
  103,256
  108,261
  113,525
  119,060
  124,880
  130,999
  137,430
  144,190
  151,294
  158,759
Total liabilities and equity, $m
  142,768
  148,108
  153,834
  159,955
  166,484
  173,432
  180,812
  188,643
  196,938
  205,716
  214,998
  224,803
  235,155
  246,076
  257,591
  269,729
  282,515
  295,981
  310,158
  325,080
  340,780
  357,297
  374,670
  392,938
  412,146
  432,340
  453,565
  475,874
  499,320
  523,956
Debt-to-equity ratio
  1.340
  1.370
  1.400
  1.440
  1.470
  1.510
  1.540
  1.570
  1.600
  1.630
  1.660
  1.690
  1.710
  1.740
  1.770
  1.790
  1.810
  1.830
  1.860
  1.880
  1.900
  1.910
  1.930
  1.950
  1.970
  1.980
  2.000
  2.010
  2.020
  2.040
Adjusted equity ratio
  0.303
  0.303
  0.303
  0.303
  0.303
  0.303
  0.303
  0.303
  0.303
  0.303
  0.303
  0.303
  0.303
  0.303
  0.303
  0.303
  0.303
  0.303
  0.303
  0.303
  0.303
  0.303
  0.303
  0.303
  0.303
  0.303
  0.303
  0.303
  0.303
  0.303

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  2,396
  2,651
  2,930
  3,239
  3,579
  3,951
  4,357
  4,796
  5,272
  5,785
  7,752
  8,345
  8,980
  9,659
  10,386
  11,161
  11,987
  12,868
  13,805
  14,801
  15,860
  16,984
  18,177
  19,442
  20,784
  22,205
  23,711
  25,305
  26,992
  28,776
Depreciation, amort., depletion, $m
  12,701
  13,103
  13,535
  13,997
  14,489
  15,012
  15,569
  16,159
  16,784
  17,446
  16,206
  16,945
  17,725
  18,548
  19,416
  20,331
  21,295
  22,310
  23,379
  24,503
  25,687
  26,932
  28,241
  29,618
  31,066
  32,588
  34,188
  35,870
  37,637
  39,494
Funds from operations, $m
  15,097
  15,754
  16,465
  17,236
  18,068
  18,964
  19,925
  20,955
  22,056
  23,230
  23,958
  25,290
  26,705
  28,208
  29,802
  31,492
  33,282
  35,178
  37,183
  39,304
  41,547
  43,916
  46,418
  49,061
  51,850
  54,794
  57,899
  61,175
  64,629
  68,271
Change in working capital, $m
  8
  8
  9
  9
  10
  11
  11
  12
  13
  14
  14
  15
  16
  17
  18
  19
  20
  21
  22
  23
  24
  25
  27
  28
  30
  31
  33
  34
  36
  38
Cash from operations, $m
  15,089
  15,746
  16,456
  17,226
  18,058
  18,953
  19,914
  20,943
  22,043
  23,217
  23,944
  25,275
  26,689
  28,191
  29,784
  31,473
  33,263
  35,157
  37,162
  39,281
  41,522
  43,890
  46,391
  49,033
  51,820
  54,762
  57,866
  61,140
  64,593
  68,233
Maintenance CAPEX, $m
  -10,387
  -10,761
  -11,164
  -11,595
  -12,057
  -12,549
  -13,073
  -13,629
  -14,219
  -14,845
  -15,506
  -16,206
  -16,945
  -17,725
  -18,548
  -19,416
  -20,331
  -21,295
  -22,310
  -23,379
  -24,503
  -25,687
  -26,932
  -28,241
  -29,618
  -31,066
  -32,588
  -34,188
  -35,870
  -37,637
New CAPEX, $m
  -3,748
  -4,025
  -4,316
  -4,614
  -4,921
  -5,237
  -5,564
  -5,902
  -6,253
  -6,617
  -6,996
  -7,391
  -7,802
  -8,232
  -8,680
  -9,149
  -9,638
  -10,150
  -10,686
  -11,247
  -11,835
  -12,450
  -13,095
  -13,770
  -14,478
  -15,221
  -15,999
  -16,816
  -17,672
  -18,570
Cash from investing activities, $m
  -14,135
  -14,786
  -15,480
  -16,209
  -16,978
  -17,786
  -18,637
  -19,531
  -20,472
  -21,462
  -22,502
  -23,597
  -24,747
  -25,957
  -27,228
  -28,565
  -29,969
  -31,445
  -32,996
  -34,626
  -36,338
  -38,137
  -40,027
  -42,011
  -44,096
  -46,287
  -48,587
  -51,004
  -53,542
  -56,207
Free cash flow, $m
  955
  960
  976
  1,016
  1,080
  1,167
  1,277
  1,412
  1,571
  1,755
  1,441
  1,678
  1,942
  2,234
  2,556
  2,908
  3,293
  3,712
  4,165
  4,655
  5,184
  5,753
  6,365
  7,021
  7,724
  8,475
  9,279
  10,136
  11,051
  12,025
Issuance/(repayment) of debt, $m
  3,334
  3,722
  3,991
  4,267
  4,550
  4,843
  5,145
  5,457
  5,782
  6,119
  6,469
  6,834
  7,215
  7,612
  8,026
  8,460
  8,912
  9,386
  9,881
  10,400
  10,943
  11,512
  12,108
  12,733
  13,388
  14,075
  14,794
  15,549
  16,341
  17,172
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
Cash from financing (excl. dividends), $m  
  3,334
  3,722
  3,991
  4,267
  4,550
  4,843
  5,145
  5,457
  5,782
  6,119
  6,469
  6,834
  7,215
  7,612
  8,026
  8,460
  8,912
  9,386
  9,881
  10,400
  10,943
  11,512
  12,108
  12,733
  13,388
  14,075
  14,794
  15,549
  16,341
  17,172
Total cash flow (excl. dividends), $m
  4,289
  4,682
  4,967
  5,283
  5,630
  6,010
  6,422
  6,870
  7,353
  7,874
  7,911
  8,512
  9,156
  9,846
  10,582
  11,368
  12,206
  13,098
  14,047
  15,056
  16,128
  17,266
  18,473
  19,754
  21,112
  22,550
  24,073
  25,686
  27,392
  29,197
Retained Cash Flow (-), $m
  -1,520
  -1,618
  -1,735
  -1,855
  -1,978
  -2,105
  -2,237
  -2,372
  -2,513
  -2,660
  -2,812
  -2,971
  -3,136
  -3,309
  -3,489
  -3,678
  -3,874
  -4,080
  -4,296
  -4,521
  -4,757
  -5,005
  -5,264
  -5,535
  -5,820
  -6,119
  -6,431
  -6,760
  -7,104
  -7,465
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
  2,770
  3,064
  3,232
  3,428
  3,652
  3,904
  4,186
  4,497
  4,840
  5,214
  5,098
  5,541
  6,020
  6,537
  7,093
  7,690
  8,331
  9,017
  9,751
  10,534
  11,370
  12,261
  13,210
  14,219
  15,292
  16,431
  17,642
  18,926
  20,288
  21,732
Discount rate, %
  8.90
  9.35
  9.81
  10.30
  10.82
  11.36
  11.93
  12.52
  13.15
  13.81
  14.50
  15.22
  15.98
  16.78
  17.62
  18.50
  19.43
  20.40
  21.42
  22.49
  23.61
  24.80
  26.03
  27.34
  28.70
  30.14
  31.65
  33.23
  34.89
  36.63
PV of cash for distribution, $m
  2,543
  2,562
  2,441
  2,316
  2,185
  2,047
  1,902
  1,750
  1,592
  1,431
  1,150
  1,012
  876
  745
  622
  509
  407
  319
  244
  182
  133
  94
  65
  43
  28
  17
  11
  6
  3
  2
Current shareholders' claim on cash, %
  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

Duke Energy Corporation (Duke Energy) is an energy company. The Company operates through three segments: Electric Utilities and Infrastructure; Gas Utilities and Infrastructure, and Commercial Renewables. The Company operates in the United States through its direct and indirect subsidiaries. The Electric Utilities and Infrastructure segment provides retail electric service through the generation, transmission, distribution and sale of electricity to approximately 7.5 million customers within the Southeast and Midwest regions of the United States. The operations include electricity sold wholesale to municipalities, electric cooperative utilities and other load-serving entities. The Gas Utilities and Infrastructure segment serves residential, commercial, industrial and power generation natural gas customers. The Commercial Renewables primarily acquires, builds, develops and operates wind and solar renewable generation throughout the continental United States.

FINANCIAL RATIOS  of  Duke Energy (DUK)

Valuation Ratios
P/E Ratio 26.2
Price to Sales 2.5
Price to Book 1.4
Price to Tangible Book
Price to Cash Flow 7.8
Price to Free Cash Flow -89.8
Growth Rates
Sales Growth Rate 1.7%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 16.8%
Cap. Spend. - 3 Yr. Gr. Rate 7.4%
Financial Strength
Quick Ratio 0
Current Ratio 0.1
LT Debt to Equity 111.1%
Total Debt to Equity 122.8%
Interest Coverage 3
Management Effectiveness
Return On Assets 2.7%
Ret/ On Assets - 3 Yr. Avg. 2.8%
Return On Total Capital 2.5%
Ret/ On T. Cap. - 3 Yr. Avg. 2.7%
Return On Equity 5.3%
Return On Equity - 3 Yr. Avg. 5.6%
Asset Turnover 0.2
Profitability Ratios
Gross Margin 0%
Gross Margin - 3 Yr. Avg. 0%
EBITDA Margin 41.4%
EBITDA Margin - 3 Yr. Avg. 40.6%
Operating Margin 23.4%
Oper. Margin - 3 Yr. Avg. 22.5%
Pre-Tax Margin 16.4%
Pre-Tax Margin - 3 Yr. Avg. 16.9%
Net Profit Margin 9.5%
Net Profit Margin - 3 Yr. Avg. 10.1%
Effective Tax Rate 31%
Eff/ Tax Rate - 3 Yr. Avg. 31.9%
Payout Ratio 108.4%

DUK stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the DUK stock intrinsic value calculation we used $23565 million for the last fiscal year's total revenue generated by Duke Energy. The default revenue input number comes from 2017 income statement of Duke 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 DUK stock valuation model: a) initial revenue growth rate of 3.6% 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 8.9%, whose default value for DUK is calculated based on our internal credit rating of Duke 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 Duke 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 DUK stock the variable cost ratio is equal to 15.3%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $14213 million in the base year in the intrinsic value calculation for DUK 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 Duke Energy.

Corporate tax rate of 27% is the nominal tax rate for Duke 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 DUK 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 DUK are equal to 440.8%.

Life of production assets of 10 years is the average useful life of capital assets used in Duke 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 DUK is equal to 0.9%. 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 - $41739 million for Duke 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 700 million for Duke 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 Duke Energy at the current share price and the inputted number of shares is $56.5 billion.

RELATED COMPANIES Price Int.Val. Rating
SO Southern 47.52 15.71  str.sell
SCG Scana 40.12 27.95  sell
D Dominion Energ 71.27 26.00  str.sell
XEL Xcel Energy 45.63 10.76  str.sell
AEE Ameren 61.34 21.89  str.sell
SRE Sempra Energy 114.26 74.41  sell
NI NiSource 25.95 7.86  str.sell
PCG PG&E 41.44 9.39  str.sell
WEC WEC Energy Gro 64.84 25.26  str.sell

COMPANY NEWS

▶ Duke Energy Carolinas' residential customers to see small rate increase   [Jul-18-18 06:27PM  American City Business Journals]
▶ EXCLUSIVE: Why downtown traffic could cause headaches through 2019   [04:06PM  American City Business Journals]
▶ Duke Energy CEO's nuclear plan: Hold on and wait for new technology   [01:09PM  American City Business Journals]
▶ NC regulators side with Duke Energy in dispute with Cube Hydro   [Jul-17-18 02:28PM  American City Business Journals]
▶ Duke Energy contributing to EPRI study on solar-power forecasting   [12:57PM  American City Business Journals]
▶ [$$] Editor's News Picks   [Jul-16-18 06:09PM  The Wall Street Journal]
▶ Duke Energy Carolinas withdraws proposal to purchase wind power   [Jul-13-18 03:08PM  American City Business Journals]
▶ Duke Energy Carolinas pegs initial rate cut at 1.56%   [02:06PM  American City Business Journals]
▶ Piedmont Natural Gas plans $250M storage project in North Carolina   [10:31AM  American City Business Journals]
▶ Duke Energy changes story amid confusion over halting solar-power purchases   [Jul-12-18 02:42PM  American City Business Journals]
▶ Duke Energy invests in $130M emerging technology fund   [01:06PM  American City Business Journals]
▶ Developers cry foul as Duke Energy briefly interrupts private solar-power purchases   [Jul-10-18 08:50AM  American City Business Journals]
▶ Traders go yield hunting with high-flying utility stocks   [Jul-06-18 04:56PM  CNBC Videos]
▶ Critics contend Duke Energy's new community solar plan more costly to customers   [Jul-05-18 08:00AM  American City Business Journals]
▶ State regulators cut more from what Duke Energy Carolinas can charge customers   [Jul-02-18 07:19PM  American City Business Journals]
▶ Duke Energys Lynn Good is nation's highest-paid utility CEO   [Jun-29-18 01:44PM  American City Business Journals]
▶ AG to appeal $475M coal-ash charge to Duke Energy Carolinas customers   [Jun-28-18 06:23PM  American City Business Journals]
▶ How the solar eclipse took the power industry by surprise   [03:07PM  American City Business Journals]
▶ PTI set to add another tool in its search for a transformative project   [02:49PM  American City Business Journals]
▶ NC solar developers lose battery storage challenge to Duke Energy   [07:11AM  American City Business Journals]
▶ New Duke Energy rate hike likely higher for residential customers   [Jun-26-18 05:47PM  American City Business Journals]
▶ Next stop for Duke Energys $13B grid plan: the N.C. General Assembly   [07:51AM  American City Business Journals]
▶ Duke Energy seeks clarification before deciding on rate hike appeal   [Jun-25-18 02:28PM  American City Business Journals]
▶ Duke Energy Carolinas: NC rate hike wont be felt until 2022   [09:12AM  American City Business Journals]
▶ NC regulators order deep cuts to Duke Energy Carolinas rate hike   [Jun-23-18 10:42AM  American City Business Journals]
▶ NC regulators order deep cuts to Duke Energy Carolinas rate hike   [Jun-22-18 09:22PM  American City Business Journals]
▶ What Charlotte needs to drive energy startups   [Jun-21-18 01:15PM  American City Business Journals]
▶ How this Duke Energy tech exec is leading Charlotte utility's focus on the future   [Jun-20-18 02:56PM  American City Business Journals]
▶ Florida regulators review power restoration issues after 2017 storms   [07:07AM  American City Business Journals]
▶ Duke Energy taps two Triad sites for economic development   [Jun-19-18 02:59PM  American City Business Journals]
▶ Duke Energy taps four sites in Carolinas for economic development   [02:23PM  American City Business Journals]
▶ Accenture exec talks necessity of workplace equality and how to make it happen   [Jun-18-18 06:46AM  American City Business Journals]
▶ NC attorney general calls Duke Energy grid plan unfair to customers   [06:43AM  American City Business Journals]
▶ Duke Energy to pay $3.5M fine over Progress merger issues   [Jun-14-18 05:15PM  American City Business Journals]
▶ Opposition mounts to deal on Duke Energys $7.8B grid plan   [Jun-11-18 03:03PM  American City Business Journals]
▶ Duke Deserves a Princely Valuation   [07:00AM  Morningstar]
▶ Duke Energy defends proposed battery restrictions on solar projects   [03:06PM  American City Business Journals]
▶ Duke Energy notches a win in coal-ash claims case against insurers   [07:56AM  American City Business Journals]
▶ Duke Energy expands N.C. community solar program   [07:30AM  American City Business Journals]
▶ Utility trade group elects Duke Energy CEO Lynn Good as chairman   [12:15PM  American City Business Journals]
▶ Why opponents are blasting compromise on Duke Energy's $7.8B grid plan   [Jun-04-18 01:53PM  American City Business Journals]
▶ Lululemon, VMWare rise while Big Lots, Duke Energy fall   [Jun-01-18 04:28PM  Associated Press]
Follow us on:   twitter   twitter   twitter   twitter

ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2018. All rigths reserved.