ES Eversource Energy
too hard · 30
Owner-earnings value$10.93
Price$65.44
Margin of safety
-83.3%
Quality gate · 30/100
⚠ sub-hurdle returns (median roic 6% < 9%) · over-levered (net debt/EBITDA 5.3x > 4x)
Median ROIC5.5%
Gross margin85.0%
Net debt / EBITDA5.3x
FCF conversion-176%
Share count / yr+2.5%
Profitable years3/4
Moat & management
Owner-earnings inputs
| Owner earnings (TTM) | 236.71M |
| Owner-earnings yield | 1.0% |
| Free-cash-flow yield | 1.0% |
| Growth used (normalized) | 3.3% |
| Market-implied growth (reverse DCF) | 25.0% |
| Terminal growth | 3.0% |
| Discount rate (hurdle) | 9.0% |
Projected owner earnings
| Yr | Owner earnings | Growth | PV |
|---|---|---|---|
| 1 | 244.52M | 3.3% | 224.33M |
| 2 | 252.51M | 3.3% | 212.54M |
| 3 | 260.68M | 3.2% | 201.29M |
| 4 | 269.03M | 3.2% | 190.59M |
| 5 | 277.55M | 3.2% | 180.39M |
| 6 | 286.25M | 3.1% | 170.68M |
| 7 | 295.12M | 3.1% | 161.44M |
| 8 | 304.17M | 3.1% | 152.65M |
| 9 | 313.40M | 3.0% | 144.30M |
| 10 | 322.80M | 3.0% | 136.36M |
⚠ maintenance capex ≈ min(capex, D&A), capped at FCF · Price pays for ~25%/yr owner-earnings growth over 10y (reverse DCF); model credits 3%.