PNW · Pinnacle West Capital Corporation

$108.092026-07-21

Sector: Utilities; Industry: Regulated Electric; Sub-Industry: Multi-Utilities

Intrinsic Value Range Comparison · Mulya.ai

Leases factored

Bull

$0

-148.9% vs market

Base · active

$0

-174.9% vs market

Bear

$0

-162.1% vs market

Mulya.ai vs Analyst IV Comparison?

Bear $-67

Base $-81

Bull $-53

Median $105

Market $108

Market Price $108

Mulya.ai Base $-81

Analysts Median $105

Mulya.ai IV range ($-67 · $-53)

Analysts Range ($95 · $107)

Fundamentals · historical + forward · base

italics = DCF projection

Period	Revenue	Rev Gr ?	Ops M% ?	Tax Rate ?	NOPAT ?	Reinvest ?	FCFF ?	WACC% ?	PV FCFF ?	ROIC ?	Inv. Cap ?	EPS ?	P/E
2024.Q1	$4.7B	—	20.7%	12.9%	$849MM	−$2.0B	−$1.1B	6.9%	—	4.9%	$17.4B	$4.05	—
2024.Q4	$4.7B	0.0%	20.7%	15.0%	$828MM	−$3.2B	−$2.4B	6.9%	—	4.7%	$18.2B	$4.05	—
2025.Q1	$5.1B	9.1%	23.3%	14.2%	$1.0B	−$3.7B	−$2.7B	7.0%	—	5.5%	$18.9B	$4.92	—
2025.Q4	$5.1B	0.0%	23.3%	14.5%	$1.0B	−$4.1B	−$3.1B	6.7%	—	4.8%	$23.7B	$4.92	—
2026.Q1	$5.5B	6.5%	32.5%	14.6%	$1.5B	−$5.4B	−$3.9B	6.7%	—	6.7%	$21.7B	$5.28	7.5
italics below = DCF projection · 10yr Rev CAGR: 4.8%
2027.Q1	$5.6B	+3.4%	24.8%	15.1%	$1.2B	−$4.0B	−$2.8B	6.7%	−$2.6B	5.0%	$25.7B	$8.13	13.3
2028.Q1	$6.0B	+7.1%	24.8%	15.7%	$1.3B	−$3.5B	−$2.2B	6.8%	−$2.0B	4.6%	$29.1B	$8.65	12.5
2029.Q1	$6.4B	+5.5%	24.8%	16.2%	$1.3B	−$1.8B	−$471MM	7.0%	−$386MM	4.4%	$30.9B	$9.06	11.9
2030.Q1	$6.7B	+4.9%	24.8%	16.8%	$1.4B	−$2.3B	−$928MM	7.2%	−$709MM	4.3%	$33.3B	$9.45	11.4
2031.Q1	$7.0B	+4.9%	24.8%	17.3%	$1.4B	−$2.1B	−$625MM	7.4%	−$445MM	4.2%	$35.3B	$9.85	11.0

Term. Yr+	$9.1B	4.1%	25.5%	20.0%	$1.9B	−$883MM	$970MM	8.6%	$10.4B	8.6%	—	—	—

Active scenario IV: $0 (-174.9% vs market)