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CMS Energy Corp
NYSE:CMS

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CMS Energy Corp
NYSE:CMS
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Price: 77.75 USD -0.46% Market Closed
Market Cap: $23.9B

EV/EBITDA

13.7
Current
7%
More Expensive
vs 3-y median of 12.8

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
13.7
=
Enterprise Value
$40.9B
/
EBITDA
$3B

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
13.7
=
Enterprise Value
$40.9B
/
EBITDA
$3B

Valuation Scenarios

CMS Energy Corp is trading above its 3-year average

If EV/EBITDA returns to its 3-Year Average (12.8), the stock would be worth $72.82 (6% downside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-10%
Maximum Upside
+5%
Average Downside
5%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 13.7 $77.75
0%
3-Year Average 12.8 $72.82
-6%
5-Year Average 12.7 $72.36
-7%
Industry Average 12.3 $69.88
-10%
Country Average 14.4 $81.49
+5%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
$40.9B
/
Jan 2026
$3B
=
13.7
Current
$40.9B
/
Dec 2026
$3.5B
=
11.7
Forward
$40.9B
/
Dec 2027
$3.9B
=
10.6
Forward
$40.9B
/
Dec 2028
$4.2B
=
9.8
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
US
CMS Energy Corp
NYSE:CMS
23.8B USD 13.7 22.5
UK
National Grid PLC
LSE:NG
63.2B GBP 13.2 21.9
FR
Engie SA
PAR:ENGI
67.8B EUR 7.6 19
US
Sempra Energy
NYSE:SRE
61.4B USD 16.7 34.2
DE
E.ON SE
XETRA:EOAN
49.1B EUR 7.6 28.3
US
Dominion Energy Inc
NYSE:D
54.9B USD 13.3 18.6
US
Sempra
VSE:SREN
43.4B EUR 14.7 27.8
DE
RWE AG
XETRA:RWE
39.9B EUR 10.4 12.7
US
Public Service Enterprise Group Inc
NYSE:PEG
40.6B USD 14.3 19.2
US
Consolidated Edison Inc
NYSE:ED
39.8B USD 12.5 19.7
US
WEC Energy Group Inc
NYSE:WEC
37.7B USD 15.2 24.2
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
US
CMS Energy Corp
NYSE:CMS
Average EV/EBITDA: 12.7
13.7
11%
1.2
UK
National Grid PLC
LSE:NG
13.2
12%
1.1
FR
Engie SA
PAR:ENGI
7.6
6%
1.3
US
Sempra Energy
NYSE:SRE
16.7
5%
3.3
DE
E.ON SE
XETRA:EOAN
7.6
3%
2.5
US
Dominion Energy Inc
NYSE:D
13.3
11%
1.2
US
S
Sempra
VSE:SREN
14.7
5%
2.9
DE
RWE AG
XETRA:RWE
10.4
21%
0.5
US
Public Service Enterprise Group Inc
NYSE:PEG
14.3
9%
1.6
US
Consolidated Edison Inc
NYSE:ED
12.5
11%
1.1
US
WEC Energy Group Inc
NYSE:WEC
15.2
14%
1.1

Market Distribution

In line with most companies in the United States of America
Percentile
48th
Based on 9 875 companies
48th percentile
13.7
Low
0 — 10
Typical Range
10 — 21.5
High
21.5 —
Distribution Statistics
the United States of America
Min 0
30th Percentile 10
Median 14.4
70th Percentile 21.5
Max 1 767 274.1

CMS Energy Corp
Glance View

CMS Energy Corp., headquartered in Jackson, Michigan, is a prominent figure in the energy sector, weaving a story of innovation and reliability that dates back more than a century. At the heart of its operations is Consumers Energy, its principal subsidiary, renowned for providing electricity and natural gas to millions of Michiganders. This utility powerhouse runs an extensive network comprising power plants, natural gas pipelines, and renewable energy sources, all working in concert to meet the region’s energy demands. The company effectively balances its portfolio between fossil fuels and increasingly robust investments in renewable energy, showcasing its commitment to sustainable practices and forward-thinking strategies. Navigating the intricate fabric of the energy market, CMS Energy derives its revenue primarily through regulated utility operations, ensuring a steady flow of income while maintaining a responsive relationship with fluctuating energy needs and regulatory requirements. By investing aggressively in renewable energy sources such as wind and solar, alongside their continuous upgrade of natural gas infrastructure, CMS Energy is not only diversifying its operations but also positioning itself as a leader in the transition to cleaner energy. This strategic blending of traditional and green energy avenues enables the company to cater to the evolving expectations of stakeholders, meeting customer demands while adhering to regulatory compliances, thus sustaining its legacy of reliable service in an ever-evolving energy landscape.

CMS Intrinsic Value
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