D Dominion Energy
too hard · 31
Owner-earnings value$64.82
Price$62.30
Margin of safety
+4.0%
Quality gate · 31/100
⚠ sub-hurdle returns (median roic 5% < 9%) · over-levered (net debt/EBITDA 5.5x > 4x)
Median ROIC5.3%
Gross margin47.3%
Net debt / EBITDA5.5x
FCF conversion-269%
Share count / yr+1.7%
Profitable years4/4
Moat & management
Owner-earnings inputs
| Owner earnings (TTM) | 2.95B |
| Owner-earnings yield | 5.4% |
| Free-cash-flow yield | -13.5% |
| Growth used (normalized) | 5.8% |
| Market-implied growth (reverse DCF) | 4.8% |
| Terminal growth | 3.0% |
| Discount rate (hurdle) | 9.0% |
Projected owner earnings
| Yr | Owner earnings | Growth | PV |
|---|---|---|---|
| 1 | 3.13B | 5.8% | 2.87B |
| 2 | 3.30B | 5.5% | 2.77B |
| 3 | 3.47B | 5.2% | 2.68B |
| 4 | 3.64B | 4.9% | 2.58B |
| 5 | 3.80B | 4.6% | 2.47B |
| 6 | 3.96B | 4.2% | 2.36B |
| 7 | 4.12B | 3.9% | 2.25B |
| 8 | 4.27B | 3.6% | 2.14B |
| 9 | 4.41B | 3.3% | 2.03B |
| 10 | 4.54B | 3.0% | 1.92B |
⚠ maintenance capex ≈ min(capex, D&A), capped at FCF · Price pays for ~5%/yr owner-earnings growth over 10y (reverse DCF); model credits 6%.