Dte Energy Co

DTE

Electric Services

Mkt Cap

$23.35B

PE

18.50

Debt

$21.66B

Cash

$349M

EV

$44.66B

FCF

Market Cap

$23.35B

P/E Ratio

18.50

Debt

$21.66B

Cash

$349M

EV

$44.66B

FCF

Charts data: {"Earnings":[{"time":"2014-12-30","value":904000000},{"time":"2015-12-30","value":720000000},{"time":"2016-12-30","value":834000000},{"time":"2017-12-30","value":1112000000},{"time":"2018-12-30","value":1118000000},{"time":"2019-12-30","value":1167000000},{"time":"2020-12-30","value":1366000000},{"time":"2021-12-30","value":903000000},{"time":"2022-12-30","value":1080000000},{"time":"2023-12-30","value":1394000000}],"Sales":[{"time":"2014-12-30","value":12301000000},{"time":"2015-12-30","value":10337000000},{"time":"2016-12-30","value":10630000000},{"time":"2017-12-30","value":12607000000},{"time":"2018-12-30","value":14212000000},{"time":"2019-12-30","value":12669000000},{"time":"2020-12-30","value":12177000000},{"time":"2021-12-30","value":14964000000},{"time":"2022-12-30","value":19228000000},{"time":"2023-12-30","value":12745000000}],"Net Margins":[{"time":"2014-12-30","value":0.07348996016584018},{"time":"2015-12-30","value":0.06965270387926864},{"time":"2016-12-30","value":0.07845719661335843},{"time":"2017-12-30","value":0.08820496549535972},{"time":"2018-12-30","value":0.07866591612721643},{"time":"2019-12-30","value":0.09211461046649301},{"time":"2020-12-30","value":0.1121786975445512},{"time":"2021-12-30","value":0.0603448275862069},{"time":"2022-12-30","value":0.056168088204701476},{"time":"2023-12-30","value":0.10937622597096901}],"Assets":[{"time":"2014-12-30","value":27974000000},{"time":"2015-12-30","value":28737000000},{"time":"2016-12-30","value":32041000000},{"time":"2017-12-30","value":33767000000},{"time":"2018-12-30","value":36288000000},{"time":"2019-12-30","value":41882000000},{"time":"2020-12-30","value":45496000000},{"time":"2021-12-30","value":39719000000},{"time":"2022-12-30","value":42683000000},{"time":"2023-12-30","value":44755000000}],"Stockholders Equity":[{"time":"2014-12-30","value":8342000000},{"time":"2015-12-30","value":8795000000},{"time":"2016-12-30","value":9499000000},{"time":"2017-12-30","value":9990000000},{"time":"2018-12-30","value":10717000000},{"time":"2019-12-30","value":11836000000},{"time":"2020-12-30","value":12589000000},{"time":"2021-12-30","value":8713000000},{"time":"2022-12-30","value":10401000000},{"time":"2023-12-30","value":11055000000}],"ROE":[{"time":"2014-12-30","value":0.10836729801006953},{"time":"2015-12-30","value":0.08186469584991472},{"time":"2016-12-30","value":0.0877987156542794},{"time":"2017-12-30","value":0.1113113113113113},{"time":"2018-12-30","value":0.10432023887281888},{"time":"2019-12-30","value":0.09859749915511998},{"time":"2020-12-30","value":0.10850742711891334},{"time":"2021-12-30","value":0.10363824170779296},{"time":"2022-12-30","value":0.10383616959907702},{"time":"2023-12-30","value":0.12609678878335595}],"ROA":[{"time":"2014-12-30","value":0.05683849288625152},{"time":"2015-12-30","value":0.04311514771896858},{"time":"2016-12-30","value":0.04509846758840236},{"time":"2017-12-30","value":0.04874581692184678},{"time":"2018-12-30","value":0.04392636684303351},{"time":"2019-12-30","value":0.04075736593285899},{"time":"2020-12-30","value":0.043652189203446455},{"time":"2021-12-30","value":0.037639416903748835},{"time":"2022-12-30","value":0.040953072651875456},{"time":"2023-12-30","value":0.05011730532901352}]}

DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to approximately 2.3 million residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through fossil-fuel, hydroelectric pumped storage, and nuclear plants, as well as wind and solar assets. This segment owns and operates approximately 697 distribution substations and approximately 451,900 line transformers. The company's Gas segment purchases, stores, transports, distributes, and sells natural gas to approximately 1.3 million residential, commercial, and industrial customers throughout Michigan; and sells storage and transportation capacity. This segment has approximately 21,000 miles of distribution mains; 1,352,000 service pipelines; and 1,316,000 active meters, as well as owns approximately 2,000 miles of transmission pipelines. Its DTE Vantage segment offers metallurgical and petroleum coke to steel and other industries; and power, steam and chilled water production, and wastewater treatment services, as well as supplies compressed air to industrial customers. Its Energy Trading segment engages in power, natural gas, and environmental marketing and trading; structured transactions; and the optimization of contracted natural gas pipeline transportation and storage positions. The company was founded in 1903 and is based in Detroit, Michigan.

Sector

10-Q
9/30/23
10-Q
6/30/23
10-Q
3/31/23
10-K
12/31/22
10-Q
9/30/22
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6/30/22
10-Q
3/31/22
10-K
12/31/21
10-Q
9/30/21
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6/30/21
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3/31/21
10-K
12/31/20
10-Q
9/30/20
10-Q
6/30/20
10-Q
3/31/20
10-K
12/31/19
10-Q
9/30/19
10-Q
6/30/19
10-Q
3/31/19
10-K
12/31/18
10-Q
9/30/18
10-Q
6/30/18
10-Q
3/31/18
10-K
12/31/17

Chart P/E ratio

In the chart Earnings are multiplied by this value.

Earnings Growth 4.5%

Earnings Stability 33%

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

The Net Margin is high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Over time the ROA has been increasing indicating a higher marginal ROA with respect to the calculated one, giving a good sign for continued growth.

Years	12-2015	12-2016	12-2017	12-2018	12-2019	12-2020	12-2021	12-2022	12-2023	TTM
Net Margin	7%	7.8%	8.8%	7.9%	9.2%	11%	6%	5.6%	11%	10%
ROA	4.3%	4.5%	4.9%	4.4%	4.1%	4.4%	3.8%	4.1%	5%	4.6%
ROE	8.2%	8.8%	11%	10%	9.9%	11%	10%	10%	13%	11%

What is the average Net Margin?

The average Net Margin over the past 5 years is +8.48%.

What is the trend of Net Margin?

The trend of Net Margin over the past 5 years is -0.02%.

What is the average Return on Assets (ROA)?

The average ROA over the past 5 years is +4.28%.

What is the trend of Return on Assets (ROA)?

The trend of ROA over the past 5 years is +0.07%.

What is the average Return on Equity (ROE)?

The average ROE over the past 5 years is +10.75%.

What is the trend of Return on Equity (ROE)?

The trend of ROE over the past 5 years is +0.34%.

Safety & Stabiliy

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Data are missing

The Graham’s stability indicate a relevant drawdown, consider checking when it has occured and why.

Years	12-2015	12-2016	12-2017	12-2018	12-2019	12-2020	12-2021	12-2022	12-2023	TTM
Debt FCF	-	-	-	-	-	-	-	-	-	-
Debt Equity	1.11	1.25	1.30	1.42	1.49	1.59	2.34	1.85	1.98	1.94
MIN
Graham Stability	-	-	100%	100%	100%	100%	74%	94%	100%	74%

What is the Debt/FCF?

The Debt/FCF trailing twelve month is -.

What is the trend of Debt/FCF?

The trend of Debt/FCF over the past 5 years is -.

What is the Graham’s Stability?

Graham’s Stability measure stands at 0.74.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Earnings growth has been increasing in past years.

Years	12-2016	12-2018	12-2020	12-2022	Trend
Revenue	2.6%	-2.2%	1.5%	-34%	-0.034%
Net Income	7.6%	4.5%	0.68%	29%	1.5%
Stockholders Equity	2.2%	0.62%	-4.2%	6.3%	-0.59%
FCF	-	-	-	-	-

What is the 5 year Revenue CAGR?

The Revenue CAGR over the past 5 years is -2.16%.

What is the trend of Revenue growth?

The trend of Revenue growth rate over the past 5 years is -0.03%.

What is the 5 year Earnings CAGR?

The Earnings CAGR over the past 5 years is +4.51%.

What is the trend of Earnings growth?

The trend of Earnings growth rate over the past 5 years is +1.52%.

What is the 5 year Equity CAGR?

The Equity CAGR over the past 5 years is +0.62%.

What is the trend of Equity growth?

The trend of Equity growth rate over the past 5 years is -0.59%.

What is the 5 year FCF CAGR?

The FCF CAGR over the past 5 years is -.

What is the trend of FCF growth?

The trend of FCF growth rate over the past 5 years is -.