| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 1/6 |
| Past Performance | 5/6 |
| Financial Health | 1/6 |
| Dividends | 5/6 |
CMS Stock Overview
CMS Energy Corporation operates as an energy company primarily in Michigan.
CMS Energy Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$63.74 |
| 52 Week High | US$65.79 |
| 52 Week Low | US$53.19 |
| Beta | 0.25 |
| 1 Month Change | 0.047% |
| 3 Month Change | 4.39% |
| 1 Year Change | 9.13% |
| 3 Year Change | 25.45% |
| 5 Year Change | 52.56% |
| Change since IPO | 69.41% |
Recent News & Updates
Estimating The Intrinsic Value Of CMS Energy Corporation (NYSE:CMS)
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If You Like EPS Growth Then Check Out CMS Energy (NYSE:CMS) Before It's Too Late
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Returns At CMS Energy (NYSE:CMS) Appear To Be Weighed Down
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These 4 Measures Indicate That CMS Energy (NYSE:CMS) Is Using Debt Extensively
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Shareholder Returns
| CMS | US Integrated Utilities | US Market | |
|---|---|---|---|
| 7D | -0.02% | -1.0% | -4.0% |
| 1Y | 9.1% | 12.0% | 6.6% |
Return vs Industry: CMS underperformed the US Integrated Utilities industry which returned 12% over the past year.
Return vs Market: CMS exceeded the US Market which returned 6.6% over the past year.
Price Volatility
| CMS volatility | |
|---|---|
| CMS Average Weekly Movement | 2.4% |
| Integrated Utilities Industry Average Movement | 2.5% |
| Market Average Movement | 6.6% |
| 10% most volatile stocks in US Market | 15.7% |
| 10% least volatile stocks in US Market | 2.4% |
Stable Share Price: CMS is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: CMS's weekly volatility (2%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1987 | 8,191 | Garrick Rochow | https://www.cmsenergy.com |
CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through four segments: Electric Utility, Gas Utility, Enterprises, and EnerBank. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity.
CMS Energy Fundamentals Summary
| CMS fundamental statistics | |
|---|---|
| Market Cap | US$18.47b |
| Earnings (TTM) | US$821.00m |
| Revenue (TTM) | US$7.29b |
22.5x
P/E Ratio2.5x
P/S RatioIs CMS overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| CMS income statement (TTM) | |
|---|---|
| Revenue | US$7.29b |
| Cost of Revenue | US$4.41b |
| Gross Profit | US$2.87b |
| Expenses | US$2.05b |
| Earnings | US$821.00m |
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
Feb 03, 2022
| Earnings per share (EPS) | 2.83 |
| Gross Margin | 39.41% |
| Net Profit Margin | 11.27% |
| Debt/Equity Ratio | 189.6% |
How did CMS perform over the long term?
See historical performance and comparisonDividends
2.7%
Current Dividend Yield60%
Payout RatioValuation
Is CMS Energy undervalued compared to its fair value and its price relative to the market?
22.49x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: CMS ($63.74) is trading above our estimate of fair value ($55.81)
Significantly Below Fair Value: CMS is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: CMS is good value based on its PE Ratio (22.5x) compared to the US Integrated Utilities industry average (22.8x).
PE vs Market: CMS is poor value based on its PE Ratio (22.5x) compared to the US market (16.7x).
Price to Earnings Growth Ratio
PEG Ratio: CMS is poor value based on its PEG Ratio (3.4x)
Price to Book Ratio
PB vs Industry: CMS is overvalued based on its PB Ratio (3.1x) compared to the US Integrated Utilities industry average (2.2x).
Future Growth
How is CMS Energy forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?
6.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CMS's forecast earnings growth (6.7% per year) is above the savings rate (2%).
Earnings vs Market: CMS's earnings (6.7% per year) are forecast to grow slower than the US market (13.1% per year).
High Growth Earnings: CMS's earnings are forecast to grow, but not significantly.
Revenue vs Market: CMS's revenue (2.2% per year) is forecast to grow slower than the US market (9.2% per year).
High Growth Revenue: CMS's revenue (2.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CMS's Return on Equity is forecast to be low in 3 years time (13.9%).
Past Performance
How has CMS Energy performed over the past 5 years?
10.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CMS has high quality earnings.
Growing Profit Margin: CMS's current net profit margins (11.3%) are higher than last year (11.3%).
Past Earnings Growth Analysis
Earnings Trend: CMS's earnings have grown by 10.1% per year over the past 5 years.
Accelerating Growth: CMS's earnings growth over the past year (12.5%) exceeds its 5-year average (10.1% per year).
Earnings vs Industry: CMS earnings growth over the past year (12.5%) exceeded the Integrated Utilities industry 11.5%.
Return on Equity
High ROE: CMS's Return on Equity (12.2%) is considered low.
Financial Health
How is CMS Energy's financial position?
Financial Position Analysis
Short Term Liabilities: CMS's short term assets ($2.5B) do not cover its short term liabilities ($3.3B).
Long Term Liabilities: CMS's short term assets ($2.5B) do not cover its long term liabilities ($20.6B).
Debt to Equity History and Analysis
Debt Level: CMS's net debt to equity ratio (188%) is considered high.
Reducing Debt: CMS's debt to equity ratio has reduced from 227.7% to 189.6% over the past 5 years.
Debt Coverage: CMS's debt is not well covered by operating cash flow (12.8%).
Interest Coverage: CMS's interest payments on its debt are not well covered by EBIT (2.7x coverage).
Balance Sheet
Dividend
What is CMS Energy current dividend yield, its reliability and sustainability?
2.73%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CMS's dividend (2.73%) is higher than the bottom 25% of dividend payers in the US market (1.36%).
High Dividend: CMS's dividend (2.73%) is low compared to the top 25% of dividend payers in the US market (3.55%).
Stability and Growth of Payments
Stable Dividend: CMS's dividends per share have been stable in the past 10 years.
Growing Dividend: CMS's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (60.1%), CMS's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CMS's dividends in 3 years are forecast to be covered by earnings (61.7% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.6yrs
Average management tenure
CEO
Garrick Rochow (46 yo)
1.08yrs
Tenure
US$2,615,131
Compensation
Mr. Garrick J. Rochow has been Chief Executive Officer and President at CMS Energy Corp. and Consumers Energy Company since December 1, 2020. He serves as Director of CMS Energy Corp & Consumers Energy Com...
CEO Compensation Analysis
Compensation vs Market: Garrick's total compensation ($USD2.62M) is below average for companies of similar size in the US market ($USD11.42M).
Compensation vs Earnings: Garrick's compensation has increased by more than 20% in the past year.
Leadership Team
Experienced Management: CMS's management team is considered experienced (4.6 years average tenure).
Board Members
Experienced Board: CMS's board of directors are considered experienced (7 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: CMS insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
CMS Energy Corporation's employee growth, exchange listings and data sources
Key Information
- Name: CMS Energy Corporation
- Ticker: CMS
- Exchange: NYSE
- Founded: 1987
- Industry: Multi-Utilities
- Sector: Utilities
- Implied Market Cap: US$18.465b
- Shares outstanding: 289.70m
- Website: https://www.cmsenergy.com
Number of Employees
Location
- CMS Energy Corporation
- One Energy Plaza
- Jackson
- Michigan
- 49201
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/21 23:35 |
| End of Day Share Price | 2022/01/21 00:00 |
| Earnings | 2021/09/30 |
| Annual Earnings | 2020/12/31 |
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 here.