회사 개요
Dominion Energy, Inc. is a major utility provider that delivers regulated electricity and natural gas services across the United States through its distinct operational segments. The company operates primarily within the Utilities sector, specifically focusing on the Regulated Electric industry, which subjects its operations to strict regulatory oversight and stable rate structures. As of the latest data, the firm commands a substantial market capitalization of $56.35B and generates an annual revenue of $16.51B while employing a workforce of 15,200 individuals. These valuation and revenue metrics indicate that Dominion Energy occupies a significant position in the energy landscape, reflecting a large-scale infrastructure footprint that serves millions of customers across its service territories.
재무 건전성
Dominion Energy reported a trailing twelve-month revenue of $16.51B, with net income of $2.97B and EBITDA reaching $8.11B, highlighting a substantial gap between top-line revenue and bottom-line profit that underscores the heavy cost structure inherent in the utility sector. The company's free cash flow stands at -$9,005,875,200, which signals a period of significant capital expenditure required for infrastructure maintenance and expansion, thereby limiting immediate financial flexibility for internal reinvestment or aggressive buybacks. Profitability analysis reveals a gross margin of 49.0%, an operating margin of 22.0%, and a profit margin of 18.2%, indicating that while revenue generation is efficient, operational expenses and regulatory costs consume a considerable portion of earnings before reaching the net income figure. The balance sheet shows a cash position of $265.00M against a total debt load of $50.16B, resulting in a debt-to-equity ratio of 150.09%, which suggests a highly leveraged capital structure typical for capital-intensive regulated utilities. Liquidity constraints are evident with a current ratio of 0.77, indicating that current assets fall short of covering current liabilities without relying on external financing or asset sales. Return on equity stands at 9.7% while return on assets is 3.1%, metrics that reveal management's effectiveness in generating returns relative to the shareholders' investment and the total asset base, respectively.
밸류에이션 평가
Valuation multiples for Dominion Energy include a trailing P/E ratio of 18.48 and a forward P/E of 16.79, implying that the market expects earnings growth that would justify the lower forward multiple compared to the historical trailing figure. The price-to-book ratio is recorded at 2.01, suggesting that the market values the company at a premium of roughly double its tangible book value, reflecting the intangible value of its regulated franchise rights and asset quality. Alternative valuation metrics such as a price-to-sales ratio of 3.41 and an EV/EBITDA of 13.75 provide additional context, indicating that the company is valued moderately relative to its sales volume and earnings before interest, taxes, depreciation, and amortization. The stock's trading range over the past year spans a high of $67.57 and a low of $48.07, with the current share price positioned to reflect these historical bounds within the context of market fluctuations. The beta coefficient is 0.66, indicating that the stock exhibits lower volatility than the broader market, making it a relatively defensive holding that tends to move less sharply than high-growth technology or cyclical sectors.
Growth & Income
Dominion Energy has demonstrated revenue growth of 20.4% year-over-year alongside an earnings growth rate of 365.5%, indicating that earnings are expanding at a significantly faster pace than revenue, likely driven by cost adjustments, regulatory settlements, or one-time income items. As a dividend payer, the company offers a yield of 4.2% with a payout ratio of 76.9%, a level that requires close monitoring to ensure sustainability given the company's negative free cash flow and high debt obligations. The high payout ratio suggests that a large portion of earnings is distributed to shareholders, which may limit the capacity for further dividend increases if earnings growth slows or if capital needs for infrastructure rise. Overall, the company presents a profile characterized by high current yield and earnings expansion that outpaces revenue growth, set against a backdrop of significant leverage and capital investment requirements typical of the regulated utility industry.