CMS Energy Corp

Chart & Performance

D1W1MN

P/E

7.90

P/S

0.94

EPS

2.97

Div Yield, %

8.26%

Shrs. gr., 5y

0.61%

Rev. gr., 5y

1.66%

Revenues

7.46b

-13.19%

Net income

887m

+5.97%

CFO

2.31b

+170.06%

Dividend

Sep 30, 20240.36719 USD/sh

Earnings

Jan 30, 2025

Profile

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources. Its distribution system comprises 208 miles of high-voltage distribution overhead lines; 4 miles of high-voltage distribution underground lines; 4,428 miles of high-voltage distribution overhead lines; 19 miles of high-voltage distribution underground lines; 82,474 miles of electric distribution overhead lines; 9,395 miles of underground distribution lines; 1,093 substations; and 3 battery facilities. The Gas Utility segment engages in the purchase, transmission, storage, distribution, and sale of natural gas, which includes 2,392 miles of transmission lines; 15 gas storage fields; 28,065 miles of distribution mains; and 8 compressor stations. The Enterprises segment is involved in the independent power production and marketing, including the development and operation of renewable generation. It serves 1.9 million electric and 1.8 million gas customers, including residential, commercial, and diversified industrial customers. The company was incorporated in 1987 and is headquartered in Jackson, Michigan.

URL

https://www.cmsenergy.com/

IPO date

Feb 03, 1947

Employees

8,560

Domiciled in

Incorporated in

Valuation

Order:

Title USD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title USD in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	7,462,000 -13.19%	8,596,000 17.29%	7,329,000 9.72%
Cost of revenue	4,600,000	5,834,000	4,680,000
Unusual Expense (Income)
NOPBT	2,862,000	2,762,000	2,649,000
NOPBT Margin	38.35%	32.13%	36.14%
Operating Taxes	147,000	93,000	95,000
Tax Rate	5.14%	3.37%	3.59%
NOPAT	2,715,000	2,669,000	2,554,000
Net income	887,000 5.97%	837,000 14.97%	728,000 -3.58%
Dividends	(579,000)	(546,000)	(509,000)
Dividend yield	3.42%	2.97%	2.70%
Proceeds from repurchase of equity	192,000	69,000	501,000
BB yield	-1.13%	-0.38%	-2.66%
Debt
Debt current	1,068,000	1,119,000	382,000
Long-term debt	14,654,000	14,377,000	12,520,000
Deferred revenue			(2,322,000)
Other long-term liabilities	7,905,000	5,047,000	7,269,000
Net debt	15,419,000	15,261,000	12,379,000
Cash flow
Cash from operating activities	2,309,000	855,000	1,819,000
CAPEX	(2,574,000)	(2,481,000)	(2,209,000)
Cash from investing activities	(3,386,000)	(2,476,000)	(1,233,000)
Cash from financing activities	1,143,000	1,325,000	(295,000)
FCF	4,134,000	(591,000)	2,829,000
Balance
Cash	227,000	164,000	452,000
Long term investments	76,000	71,000	71,000
Excess cash			156,550
Stockholders' equity	2,420,000	8,893,000	8,186,000
Invested Capital	31,690,000	27,532,000	24,319,450
ROIC	9.17%	10.29%	9.92%
ROCE	9.03%	9.19%	9.89%
EV
Common stock shares outstanding	291,700	290,000	289,500
Price	58.07 -8.31%	63.33 -2.64%	65.05 6.62%
Market cap	16,939,019 -7.77%	18,365,700 -2.48%	18,831,975 7.81%
EV	33,163,019	34,430,700	31,991,975
EBITDA	4,042,000	3,888,000	3,763,000
EV/EBITDA	8.20	8.86	8.50
Interest	643,000	519,000	500,000
Interest/NOPBT	22.47%	18.79%	18.88%