Company Valuation: Xcel Energy Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 36,468 38,368 34,163 38,773 43,691 48,755 - -
Change - 5.21% -10.96% 13.49% 12.68% 11.59% - -
Enterprise Value (EV) 1 59,687 63,034 60,284 67,708 77,300 88,997 95,613 1,00,202
Change - 5.61% -4.36% 12.31% 14.17% 15.13% 7.43% 4.8%
P/E ratio 22.9x 22.1x 19.3x 19.6x 21.6x 19x 17.2x 15.7x
PBR 2.34x 2.3x 1.94x 1.95x 1.84x 1.96x 1.8x 1.67x
PEG - 3.12x 15.3x 2.74x -37.15x 0.9x 1.7x 1.57x
Capitalization / Revenue 2.72x 2.51x 2.4x 2.88x 2.98x 3.09x 2.82x 2.61x
EV / Revenue 4.44x 4.12x 4.24x 5.04x 5.27x 5.63x 5.53x 5.36x
EV / EBITDA 13.8x 13x 12x 13.2x 14x 12.7x 11.9x 10.8x
EV / EBIT 27.1x 26x 24.3x 28.4x 29.9x 25x 22.8x 20x
EV / FCF -29x -89.3x -114x -24.9x -11.3x -15.4x -13.7x -29.4x
FCF Yield -3.44% -1.12% -0.87% -4.02% -8.83% -6.5% -7.28% -3.4%
Dividend per Share 2 1.83 1.95 2.08 2.19 2.28 2.381 2.502 2.589
Rate of return 2.7% 2.78% 3.36% 3.24% 3.09% 3.05% 3.2% 3.31%
EPS 2 2.96 3.17 3.21 3.44 3.42 4.109 4.531 4.984
Distribution rate 61.8% 61.5% 64.8% 63.7% 66.7% 57.9% 55.2% 51.9%
Net sales 1 13,431 15,310 14,206 13,441 14,669 15,800 17,303 18,700
EBITDA 1 4,324 4,841 5,036 5,130 5,536 6,996 8,058 9,260
EBIT 1 2,203 2,428 2,481 2,386 2,583 3,554 4,203 5,007
Net income 1 1,597 1,736 1,771 1,936 2,018 2,565 2,934 3,370
Net Debt 1 23,219 24,666 26,121 28,935 33,609 40,242 46,857 51,447
Reference price 2 67.70 70.11 61.91 67.52 73.86 78.10 78.10 78.10
Nbr of stocks (in thousands) 5,38,676 5,47,248 5,51,816 5,74,242 5,91,540 6,24,270 - -
Announcement Date 27/01/22 26/01/23 25/01/24 06/02/25 05/02/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
19.01x5.63x12.72x3.05% 4.88TCr
32.7x5.8x42.48x0.2% 27TCr
22.16x9.32x15.55x2.77% 19TCr
19.28x4.09x11.08x3.79% 15TCr
13.39x1.91x6.77x5.34% 11TCr
20.99x5.9x13.09x3.24% 11TCr
22.32x3.42x13.41x0.65% 9.46TCr
18.21x5.58x11x3.57% 9.58TCr
20.05x5.13x12.4x3.03% 6.95TCr
19.02x6.36x13.03x3.95% 5.94TCr
Average 20.71x 5.31x 15.15x 2.96% 11.95TCr
Weighted average by Cap. 22.56x 5.55x 19.12x 2.58%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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