Mulya.ai
Ticker
CMS
Scenario
Key Inputs
Revenue est.?Analysttaper yr4
OP margin est.?hist_ind
Reinvestment est.?projected
R&D capitalizedNo
Leases factoredNo
Key Assumptions
WACC ?6.5%
ERP ?4.5%
Risk-free rate ?4.1%
Beta (blended) ?0.352
Beta (levered) ?0.566
Terminal OM% ?21.8%
Segment conc. ?57% dominant
Terminal growth ?4.1%
Bond rating ?BB+ · 2.25%
ROIC option ?Opt 1 · 8.6%
Prob of failure ?0.0%
Pipeline validated · 2026-07-21

CMS · CMS Energy Corporation

$78.812026-07-21
Sector: Utilities; Industry: Regulated Electric; Sub-Industry: Multi-Utilities

Intrinsic Value Range Comparison · Mulya.ai

Bull
$3
-96.6% vs market
Base · active
$0
-136.5% vs market
Bear
$0
-135.0% vs market
Mulya.ai vs Analyst IV Comparison?
Bear $-28
Base $-29
Bull $3
Market $79
Median $81
Market Price $79
Mulya.ai Base $-29
Analysts Median $81
Mulya.ai IV range ($-28 · $3)
Analysts Range ($74 · $83)
Fundamentals · historical + forward · base
italics = DCF projection
PeriodRevenueRev Gr ?Ops M% ?Tax Rate ?NOPAT ?
Reinvest ?
FCFF ?WACC% ?PV FCFF ?ROIC ?Inv. Cap ?EPS ?P/E
2024.Q1$7.5B16.6%16.7%$1.0B−$1.8B−$749MM6.7%4.5%$22.9B$2.95
2024.Q4$7.5B0.0%16.6%15.7%$1.0B−$1.4B−$346MM6.8%4.4%$24.6B$2.95
2025.Q1$7.5B0.7%19.8%15.6%$1.3B−$1.6B−$394MM6.8%5.1%$24.7B$3.34
2025.Q4$7.5B0.0%19.8%19.7%$1.2B−$2.7B−$1.5B6.4%4.6%$27.3B$3.34
2026.Q1$8.8B17.4%19.5%21.4%$1.4B−$3.1B−$1.8B6.6%4.9%$28.0B$3.6813.7
italics below = DCF projection · 10yr Rev CAGR: 4.1%
2027.Q1$9.1B+2.6%19.5%21.3%$1.4B−$2.8B−$1.4B6.7%−$1.3B4.7%$30.8B$4.6317.0
2028.Q1$9.5B+4.5%20.0%21.1%$1.5B−$2.6B−$1.1B6.9%−$940MM4.7%$33.4B$4.9615.9
2029.Q1$9.9B+4.5%20.4%21.0%$1.6B−$1.8B−$186MM7.1%−$152MM4.7%$35.1B$5.3114.8
2030.Q1$10.3B+4.4%20.9%20.8%$1.7B−$2.7B−$1.0B7.3%−$774MM4.7%$37.9B$5.6713.9
2031.Q1$10.8B+4.4%21.8%20.7%$1.9B−$2.5B−$638MM7.5%−$453MM4.8%$40.4B$6.1812.8
Term. Yr+$13.8B4.1%21.8%20.0%$2.4B−$1.1B$1.3B8.6%$13.5B8.6%
Active scenario IV: $0 (-136.5% vs market)