CMS Energy Corporation

XTRA:CSG Stock Report

Market Cap: €18.4b

CMS Energy Valuation

Is CSG undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of CSG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: CSG (€58.64) is trading below our estimate of future cash flow value (€61.64)

Significantly Below Future Cash Flow Value: CSG is trading below future cash flow value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CSG?

Key metric: As CSG is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for CSG. This is calculated by dividing CSG's market cap by their current earnings.
What is CSG's PE Ratio?
PE Ratio20.9x
EarningsUS$1.02b
Market CapUS$21.38b

Price to Earnings Ratio vs Peers

How does CSG's PE Ratio compare to its peers?

The above table shows the PE ratio for CSG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average24.8x
EOAN E.ON
13.6x5.27%€45.9b
MVV1 MVV Energie
46.4xn/a€2.0b
MNV6 Mainova
20.8xn/a€2.8b
WWG Gelsenwasser
18.6xn/a€1.9b
CSG CMS Energy
20.9x11.30%€21.4b

Price-To-Earnings vs Peers: CSG is good value based on its Price-To-Earnings Ratio (20.9x) compared to the peer average (24.8x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does CSG's PE Ratio compare vs other companies in the Global Integrated Utilities Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
CSG 20.9xIndustry Avg. 18.4xNo. of Companies8PE0816243240+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CSG is expensive based on its Price-To-Earnings Ratio (20.9x) compared to the Global Integrated Utilities industry average (18.4x).

Price to Earnings Ratio vs Fair Ratio

What is CSG's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CSG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio20.9x
Fair PE Ratio15.7x

Price-To-Earnings vs Fair Ratio: CSG is expensive based on its Price-To-Earnings Ratio (20.9x) compared to the estimated Fair Price-To-Earnings Ratio (15.7x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst CSG forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€58.64
€68.07
+16.08%
5.92%€74.80€58.47n/a12
Sep ’27€57.00
€68.15
+19.56%
5.90%€74.50€58.23n/a12
Aug ’27€65.62
€69.89
+6.50%
6.20%€75.42€58.95n/a13
Jul ’27n/a
€69.83
0%
6.75%€77.02€57.76n/a14
Jun ’27n/a
€69.60
0%
6.84%€75.75€56.81n/a14
May ’27n/a
€69.73
0%
7.02%€74.97€56.23n/a14
Apr ’27n/a
€69.47
0%
6.78%€75.92€57.59n/a13
Mar ’27€66.50
€66.90
+0.60%
6.29%€73.82€56.00n/a13
Feb ’27€59.50
€65.06
+9.34%
6.53%€73.36€55.65n/a13
Jan ’27€60.00
€66.95
+11.58%
6.80%€74.31€56.37n/a13
Dec ’26€64.00
€68.27
+6.67%
7.46%€73.81€52.97n/a13
Nov ’26€63.50
€67.73
+6.66%
7.61%€73.74€52.92n/a13
Oct ’26€62.50
€65.12
+4.20%
7.28%€69.88€51.98n/a12
Sep ’26n/a
€65.92
0%
6.75%€69.77€52.54€57.0013
Aug ’26n/a
€65.88
0%
7.96%€70.82€50.95€65.6214
Jul ’26n/a
€64.55
0%
9.45%€71.18€50.60n/a16
Jun ’26n/a
€65.94
0%
9.42%€73.06€51.94n/a17
May ’26n/a
€66.10
0%
9.13%€72.94€51.85n/a17
Apr ’26n/a
€68.18
0%
8.40%€73.90€54.50n/a17
Mar ’26n/a
€68.65
0%
7.59%€74.27€56.18€66.5017
Feb ’26n/a
€69.05
0%
7.89%€74.96€56.70€59.5017
Jan ’26n/a
€68.58
0%
8.76%€75.71€55.69€60.0018
Dec ’25n/a
€68.66
0%
8.68%€75.27€55.26€64.0018
Nov ’25n/a
€66.56
0%
8.96%€74.75€53.52€63.5017
Oct ’25n/a
€64.03
0%
7.17%€68.66€52.40€62.5016
Sep ’25n/a
€60.92
0%
8.08%€67.72€49.66n/a15
€68.59
Fair Value
14.5% undervalued intrinsic discount
12
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/10 23:19
End of Day Share Price 2026/09/10 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

CMS Energy Corporation is covered by 29 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jacob KilsteinArgus Research Company
David ParkerBaird
Daniel FordBarclays