DTE DTE Energy
too hard · 30
Owner-earnings value$91.85
Price$128.31
Margin of safety
-28.4%
Quality gate · 30/100
⚠ sub-hurdle returns (median roic 6% < 9%) · over-levered (net debt/EBITDA 7.0x > 4x)
Median ROIC6.4%
Gross margin28.0%
Net debt / EBITDA7.0x
FCF conversion-74%
Share count / yr+0.3%
Profitable years4/4
Moat & management
Owner-earnings inputs
| Owner earnings (TTM) | 1.26B |
| Owner-earnings yield | 4.7% |
| Free-cash-flow yield | -5.6% |
| Growth used (normalized) | 0.0% |
| Market-implied growth (reverse DCF) | 8.0% |
| Terminal growth | 3.0% |
| Discount rate (hurdle) | 9.0% |
Projected owner earnings
| Yr | Owner earnings | Growth | PV |
|---|---|---|---|
| 1 | 1.26B | 0.0% | 1.16B |
| 2 | 1.27B | 0.3% | 1.07B |
| 3 | 1.28B | 0.7% | 985.82M |
| 4 | 1.29B | 1.0% | 913.47M |
| 5 | 1.31B | 1.3% | 849.22M |
| 6 | 1.33B | 1.7% | 792.08M |
| 7 | 1.35B | 2.0% | 741.22M |
| 8 | 1.39B | 2.3% | 695.88M |
| 9 | 1.42B | 2.7% | 655.45M |
| 10 | 1.47B | 3.0% | 619.37M |
⚠ maintenance capex ≈ min(capex, D&A), capped at FCF · Price pays for ~8%/yr owner-earnings growth over 10y (reverse DCF); model credits 0%.