Entergy Corp
ETR
Electric Services
Mkt Cap
$22.92BPE
10.81Debt
$28.66BCash
$1.295BEV
$50.29BFCF
$3.648BP/E Ratio
10.81Debt
$28.66BCash
$1.295BEV
$50.29BFCF
$3.648BCharts data: {"Earnings":[{"time":"2014-12-30","value":940721000},{"time":"2015-12-30","value":-176562000},{"time":"2016-12-30","value":-583618000},{"time":"2017-12-30","value":411612000},{"time":"2018-12-30","value":848661000},{"time":"2019-12-30","value":1241226000},{"time":"2020-12-30","value":1388334000},{"time":"2021-12-30","value":1118492000},{"time":"2022-12-30","value":1097138000},{"time":"2023-12-30","value":2356536000}],"Sales":[{"time":"2016-12-30","value":10845645000},{"time":"2017-12-30","value":11074481000},{"time":"2018-12-30","value":11009452000},{"time":"2019-12-30","value":10878673000},{"time":"2020-12-30","value":10113636000},{"time":"2021-12-30","value":11742896000},{"time":"2022-12-30","value":13764237000},{"time":"2023-12-30","value":12147412000}],"Net Margins":[{"time":"2016-12-30","value":-0.05381127632335375},{"time":"2017-12-30","value":0.03716761083431359},{"time":"2018-12-30","value":0.07708476316532376},{"time":"2019-12-30","value":0.11409718814050206},{"time":"2020-12-30","value":0.13727347909297902},{"time":"2021-12-30","value":0.09524839528511536},{"time":"2022-12-30","value":0.07970932206412895},{"time":"2023-12-30","value":0.19399490195936386}],"Assets":[{"time":"2014-12-30","value":46527854000},{"time":"2015-12-30","value":44647681000},{"time":"2016-12-30","value":45904434000},{"time":"2017-12-30","value":46707149000},{"time":"2018-12-30","value":48275066000},{"time":"2019-12-30","value":51723912000},{"time":"2020-12-30","value":58239212000},{"time":"2021-12-30","value":59454242000},{"time":"2022-12-30","value":58595191000},{"time":"2023-12-30","value":59703396000}],"Stockholders Equity":[{"time":"2014-12-30","value":10101725000},{"time":"2015-12-30","value":9256791000},{"time":"2016-12-30","value":8081809000},{"time":"2017-12-30","value":7992515000},{"time":"2018-12-30","value":8844305000},{"time":"2019-12-30","value":10258675000},{"time":"2020-12-30","value":10961142000},{"time":"2021-12-30","value":11705394000},{"time":"2022-12-30","value":13064892000},{"time":"2023-12-30","value":14743106000}],"ROE":[{"time":"2014-12-30","value":0.0931247880931227},{"time":"2015-12-30","value":-0.019073780535824997},{"time":"2016-12-30","value":-0.07221378283005699},{"time":"2017-12-30","value":0.05149968439220946},{"time":"2018-12-30","value":0.09595564603436901},{"time":"2019-12-30","value":0.12099281827331503},{"time":"2020-12-30","value":0.1266596126571483},{"time":"2021-12-30","value":0.09555355419902996},{"time":"2022-12-30","value":0.08397604817552261},{"time":"2023-12-30","value":0.15983986006747833}],"ROA":[{"time":"2014-12-30","value":0.04751856812480541},{"time":"2015-12-30","value":-0.002901942432351638},{"time":"2016-12-30","value":-0.014839895422738466},{"time":"2017-12-30","value":0.03586463819489389},{"time":"2018-12-30","value":0.012305545061295204},{"time":"2019-12-30","value":0.03665231276396882},{"time":"2020-12-30","value":0.030378072423095284},{"time":"2021-12-30","value":0.031042797585410307},{"time":"2022-12-30","value":0.03499903259979134},{"time":"2023-12-30","value":0.04384968319055083}]}
Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. The company operates in two segments, Utility and Entergy Wholesale Commodities. The Utility segment generates, transmits, distributes, and sells electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, including the City of New Orleans; and distributes natural gas. The Entergy Wholesale Commodities segment engages in the ownership, operation, and decommissioning of nuclear power plants; and ownership of interests in non-nuclear power plants that sell electric power to wholesale customers, as well as provides services to other nuclear power plant owners. It generates electricity through gas, nuclear, coal, hydro, and solar power sources. The company sells energy to retail power providers, utilities, electric power co-operatives, power trading organizations, and other power generation companies. The company's power plants have approximately 24,000 megawatts (MW) of electric generating capacity, which include 5,000 MW of nuclear power. It delivers electricity to 3 million utility customers in Arkansas, Louisiana, Mississippi, and Texas. Entergy Corporation was founded in 1913 and is headquartered in New Orleans, Louisiana.
DCF
Discounted Cash Flow Valuation of Entergy Corp
Value
Growth
%
%
Discount
%
%
Multiple
| g\r | +10% | +11% | +12% | +13% | +14% |
|---|---|---|---|---|---|
| 0% | 10 | 9 | 8 | 8 | 7 |
| +1% | 11 | 10 | 9 | 8 | 8 |
| +2% | 13 | 11 | 10 | 9 | 8 |
| +3% | 14 | 13 | 11 | 10 | 9 |
| +4% | 17 | 14 | 12 | 11 | 10 |
| Years | 0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | TV |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FCF | $3.648B | $3.736B | $3.825B | $3.917B | $4.011B | $4.107B | $4.206B | $4.307B | $4.41B | $4.516B | $4.624B | $46.24B |
| DCF | $3.248B | $2.893B | $2.576B | $2.293B | $2.042B | $1.818B | $1.619B | $1.442B | $1.284B | $1.143B | $11.43B | |
| Value | $31.79B | |||||||||||
In the chart Earnings are multiplied by this value.
Earnings Growth 18%
Earnings Stability 29%
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.
| Years | 12-2015 | 12-2016 | 12-2017 | 12-2018 | 12-2019 | 12-2020 | 12-2021 | 12-2022 | 12-2023 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | - | -5.4% | 3.7% | 7.7% | 11% | 14% | 9.5% | 8% | 19% | 18% |
| ROA | -0.29% | -1.5% | 3.6% | 1.2% | 3.7% | 3% | 3.1% | 3.5% | 4.4% | 3.9% |
| ROE | -1.9% | -7.2% | 5.1% | 9.6% | 12% | 13% | 9.6% | 8.4% | 16% | 15% |
What is the average Net Margin?
The average Net Margin over the past 5 years is +11.62%.
What is the trend of Net Margin?
The trend of Net Margin over the past 5 years is +1.26%.
What is the average Return on Assets (ROA)?
The average ROA over the past 5 years is +3.15%.
What is the trend of Return on Assets (ROA)?
The trend of ROA over the past 5 years is +0.44%.
What is the average Return on Equity (ROE)?
The average ROE over the past 5 years is +11.38%.
What is the trend of Return on Equity (ROE)?
The trend of ROE over the past 5 years is +0.51%.
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.
| Years | 12-2015 | 12-2016 | 12-2017 | 12-2018 | 12-2019 | 12-2020 | 12-2021 | 12-2022 | 12-2023 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt FCF | 4.11 | 7.42 | 6.39 | 7.68 | 7.89 | 9.82 | 12.70 | 11.39 | 6.39 | 7.86 |
| Debt Equity | 1.46 | 1.88 | 2.08 | 2.05 | 1.93 | 2.19 | 2.31 | 2.16 | 1.85 | 1.97 |
| MIN | ||||||||||
| Graham Stability | - | - | 100% | - | 100% | 100% | 96% | 88% | 100% | 88% |
What is the Debt/FCF?
The Debt/FCF trailing twelve month is 7.86.
What is the trend of Debt/FCF?
The trend of Debt/FCF over the past 5 years is 0.20.
What is the Graham’s Stability?
Graham’s Stability measure stands at 0.88.
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.
| Years | 12-2016 | 12-2018 | 12-2020 | 12-2022 | Trend |
|---|---|---|---|---|---|
| Revenue | 1.6% | 2% | 6.3% | -12% | 0.4% |
| Net Income | - | 23% | 19% | 110% | -3.8% |
| Stockholders Equity | 9% | 11% | 10% | 13% | 2.8% |
| FCF | 11% | 13% | 20% | 72% | 7.3% |
What is the 5 year Revenue CAGR?
The Revenue CAGR over the past 5 years is +1.99%.
What is the trend of Revenue growth?
The trend of Revenue growth rate over the past 5 years is +0.4%.
What is the 5 year Earnings CAGR?
The Earnings CAGR over the past 5 years is +22.66%.
What is the trend of Earnings growth?
The trend of Earnings growth rate over the past 5 years is -3.79%.
What is the 5 year Equity CAGR?
The Equity CAGR over the past 5 years is +10.76%.
What is the trend of Equity growth?
The trend of Equity growth rate over the past 5 years is +2.83%.
What is the 5 year FCF CAGR?
The FCF CAGR over the past 5 years is +12.55%.
What is the trend of FCF growth?
The trend of FCF growth rate over the past 5 years is +7.29%.