Discounted Cash Flow
CMS Energy Corp.
—
—
Average annual growth rates
| Metric | 10-Year | 5-Year | 3-Year |
|---|---|---|---|
| Sales | — | — | — |
| Free Cash Flow | — | — | — |
| Average (FCF & NI) | — | — | — |
| Net Income | — | — | — |
| Dividends | — | — | — |
Endpoint CAGR (better for long term trend)
| Metric | 10-Year | 5-Year | 3-Year |
|---|---|---|---|
| Sales | — | — | — |
| Free Cash Flow | — | — | — |
| Average (FCF & NI) | — | — | — |
| Net Income | — | — | — |
Projected growth rate
—
—
%
%
Historical inputs (10 fiscal years)
| YEAR | Sales | Net Income | Free Cash Flow | Net Margin | EPS (diluted) |
|---|---|---|---|---|---|
| 2016 | $6.4b | $551.0m | $-43.0m | 8.6% | $1.99 |
| 2017 | $6.6b (2.9%) | $460.0m (-16.5%) | $40.0m (193.0%) | 7.0% (-18.8%) | $1.64 (-17.6%) |
| 2018 | $6.5b (-1.2%) | $657.0m (42.8%) | $-371.0m (-1027.5%) | 10.1% (44.6%) | $2.33 (42.1%) |
| 2019 | $6.4b (-1.5%) | $680.0m (3.5%) | $-314.0m (15.4%) | 10.6% (5.1%) | $2.40 (3.0%) |
| 2020 | $6.2b (-2.6%) | $755.0m (11.0%) | $-1.0b (-231.5%) | 12.1% (14.0%) | $2.65 (10.4%) |
| 2021 | $7.1b (13.4%) | $1.4b (79.2%) | $-257.0m (75.3%) | 19.1% (58.0%) | $4.66 (75.8%) |
| 2022 | $8.3b (17.6%) | $837.0m (-38.1%) | $-1.5b (-491.1%) | 10.1% (-47.4%) | $2.85 (-38.8%) |
| 2023 | $7.3b (-12.7%) | $887.0m (6.0%) | $-1.1b (29.1%) | 12.2% (21.4%) | $3.01 (5.6%) |
| 2024 | $7.3b (0.8%) | $1.0b (13.1%) | $-808.0m (25.0%) | 13.7% (12.2%) | $3.34 (11.0%) |
| 2025 | $8.3b (13.5%) | $1.1b (6.8%) | $-1.8b (-123.1%) | 12.9% (-5.9%) | $3.53 (5.7%) |
Base FCF: — (latest fiscal year)
Discount rate: % —
Terminal growth: —
Projection period: — years
Alt A decline yrs:
Alt B total yrs:
Values abbreviated: b = billions, m = millions, k = thousands.
Projected cash flows
| Year | Projected cash flow | Discount Factor | Present Value |
|---|
PV of projected FCF: —
Terminal FCF: —
Terminal value: —
PV of terminal value: —
Enterprise value (DCF): —
Current price: —
—Alternative DCF Models
| Model | Fair Value | Upside | PV(FCFs) | PV(Terminal) | Total Years |
|---|---|---|---|---|---|
| Standard (10yr→TV) | — | — | — | — | 10 + TV |
| Alt A (Gradual Decline) | — | — | — | — | — |
| Alt B (30yr Hard Stop) | — | — | — | N/A | — |
This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.