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IntroductionThe concept of valuationRevenue and revenue growthVariable costsFixed costsProduction assets

Intrinsic value of Pinnacle West Capital Corporation (PNW)

Previous Close$75.42
Intrinsic Value$51.17*
Upside potential  -32%
Previous Close
$75.42
Intrinsic Value
$51.17*
Potential        
-32%
* Our model cannot be used “out of the box” for the valuation of this stock. You can still do your own valuation by changing the valuation input parameters.

VALUATION INPUT DATA (original, your and others' valuations)

ParameterOrig.Your
Date of valuation (DoV)  
Intrinsic value (IV) at DoV, $/sh  
IV at current val. algorithm, $/sh51.17 51.17

The original valuation is based on fiscal year data as of 2021-12-31 and quarterly data as of 2022-03-31.

Registered users can save their valuation input data

  1. Annual
  2. Quarterly YoY
  3. Quarterly QoQ

Annual revenue growth rates, % (past and forecasted)

NOTE: The bar chart shows historic and forecasted yearly revenue growth rates. Its purpose is to help you in determining what initial revenue rate you want to base your stock valuation on. Please make sure that you are confident in the value you select - for most stocks it is by far the most important parameter in valuation.

Company description

Pinnacle West Capital Corporation, through its subsidiary, Arizona Public Service Company, provides retail and wholesale electric services primarily in the state of Arizona. The company generates, transmits, and distributes electricity using coal, nuclear, gas, oil, and solar generating facilities. Its transmission facilities consist of approximately 6,192 pole miles of overhead lines and approximately 49 miles of underground lines; and distribution facilities comprise approximately 11,191 miles of overhead lines and approximately 22,092 miles of underground primary cable. The company serves approximately 1.3 million customers. It owns or leases approximately 6,316 megawatts of regulated generation capacity. The company was incorporated in 1985 and is headquartered in Phoenix, Arizona.

show cash flow forecast

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year2021(a)2022202320242025202620272028202920302031203220332034203520362037203820392040204120422043204420452046

INCOME STATEMENT

Revenue growth rate, %6.1NaN
Revenue, $3804NaN
Variable operating expenses, $mNaN
Fixed operating expenses, $mNaN
Total operating expenses, $m2999NaN
Operating income, $m805NaN
EBITDA, $m1569NaN
Interest expense (income), $mNaN
Earnings before tax, $m729NaN
Tax expense, $m110NaN
Net income, $m619NaN

BALANCE SHEET

Cash and short-term investments, $m73NaN
Total assets, $m22003NaN
Adjusted assets (=assets-cash), $m21930NaN
Average production assets, $m16272NaN
Working capital, $m-594NaN
Total debt, $m8184NaN
Total liabilities, $m16097NaN
Total equity, $m5906NaN
Debt-to-equity ratio1.386NaN
Adjusted equity ratio0.291NaN

CASH FLOW

Net income, $m619NaN
Depreciation, amort., depletion, $m764NaN
Funds from operations, $mNaN
Change in working capital, $mNaN
Cash from operations, $m860NaN
Maintenance CAPEX, $mNaN
New CAPEX, $mNaN
Total CAPEX, $m-1368NaN
Free cash flow, $m2228NaN
Issuance/(repurchase) of shares, $mNaN
Retained Cash Flow, $mNaN
Pot'l extraordinary dividend, $m-594
Cash available for distribution, $mNaN
Discount rate, %NaN
PV of cash for distribution, $mNaN
Current shareholders' claim on cash, %NaN
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