Fair value (multi-method)
Four independent methods triangulate what CMS is worth. The headline is the Forward-DCF intrinsic value at a normalized growth rate; the margin of safety compares it to the current price.
Estimated fair value (Forward DCF)
$128.64
Method range
$28.31 – $128.64
median $76.66
Valuation methods
Each method’s implied fair value per share and its upside versus the current price. Missing methods (no analyst coverage, negative earnings, etc.) are shown as “—”.
| Method | Fair value | Upside vs price |
|---|---|---|
| Forward DCF | $128.64 | +73.88% |
| Exit multiple | $72.22 | -2.38% |
| Analyst target | $81.10 | +9.62% |
| Graham number | $28.31 | -61.73% |
- Forward DCF$128.64
- Exit multiple$72.22
- Analyst target$81.10
- Graham number$28.31
Stock price
$73.98
EPS (TTM)
$3.65
5Y EPS CAGR
6.0%
Fair value @ hist. growth
$128.64
This analysis is for informational purposes only and is not financial advice. Scenario prices and DCF-style figures depend on your assumptions and data from public filings and estimates. They are not forecasts of future returns.
Implied EPS growth
-0.7%
per year over your projection horizon
Margin of safety 42.5% vs hist-growth DCF
Historical 5Y CAGR
6.0%
Your model implies
-0.7%
Next-year analyst consensus
6.2%
Model inputs
Move sliders to test how the reverse DCF reacts. Historical-growth markers show where the company has actually grown over the last cycle.
Sensitivity — implied growth vs your assumptions
Each cell shows the per-share growth rate the market would need to justify the current price at that combination of discount rate (rows) and terminal growth (columns). Your selected inputs are highlighted.
| Row axis: discount rate. Column axis: terminal growth.Terminal g →↓ Discount | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% |
|---|---|---|---|---|---|
| 5.0% | -2.7% | -4.0% | -5.4% | -7.3% | -9.6% |
| 5.4% | -1.5% | -2.7% | -4.0% | -5.5% | -7.5% |
| 6.4% | 1.2% | 0.3% | -0.7% | -1.8% | -3.1% |
| 7.4% | 3.6% | 2.8% | 2.1% | 1.2% | 0.2% |
| 8.4% | 5.7% | 5.1% | 4.5% | 3.7% | 2.9% |
Historical multiples
Each bar is the trailing five-year range (low left, high right). Filled portion runs from low to today; the dot marks today; the small tick marks the five-year median. Low, median, and high are listed under each bar.
PEG
0.85
Low vs growth
Net debt
$18.3B
Total debt − cash
Beta
0.34
Vs market benchmark
Annual diluted EPS
Per-share earnings by fiscal year — last 5 years anchor the CAGR reference above.
Frequently asked questions
CMS Energy (CMS) Key Financials
Charts, filings, and peer comparison for every metric
Explore more
Deep-dives across the income statement, cash flow, capital return, and valuation
How this company returns cash to shareholders — buybacks, dividends, and stock splits.