CMS ENERGY CORP (CSG.DE) Stock Fundamental Analysis
Europe - Frankfurt Stock Exchange - FRA:CSG - US1258961002 - Common Stock
61 EUR
+1 (+1.67%)
Overall CSG gets a fundamental rating of 4 out of 10. We evaluated CSG against 18 industry peers in the Multi-Utilities industry. While CSG is still in line with the averages on profitability rating, there are concerns on its financial health. CSG is valied quite expensively at the moment, while it does show a decent growth rate. CSG also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
- In the past year CSG was profitable.
- In the past year CSG had a positive cash flow from operations.
- CSG had positive earnings in each of the past 5 years.
- In the past 5 years CSG always reported a positive cash flow from operatings.
1.2 Ratios
- With a Return On Assets value of 2.73%, CSG is not doing good in the industry: 66.67% of the companies in the same industry are doing better.
- With a Return On Equity value of 11.70%, CSG perfoms like the industry average, outperforming 44.44% of the companies in the same industry.
- With a Return On Invested Capital value of 3.95%, CSG is not doing good in the industry: 72.22% of the companies in the same industry are doing better.
- Measured over the past 3 years, the Average Return On Invested Capital for CSG is below the industry average of 5.84%.
- The last Return On Invested Capital (3.95%) for CSG is above the 3 year average (3.46%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.73% | ||
| ROE | 11.7% | ||
| ROIC | 3.95% |
ROA(3y)2.67%
ROA(5y)3.05%
ROE(3y)11.83%
ROE(5y)13.91%
ROIC(3y)3.46%
ROIC(5y)3.6%
1.3 Margins
- CSG's Profit Margin of 12.50% is fine compared to the rest of the industry. CSG outperforms 72.22% of its industry peers.
- In the last couple of years the Profit Margin of CSG has grown nicely.
- CSG's Operating Margin of 20.70% is fine compared to the rest of the industry. CSG outperforms 72.22% of its industry peers.
- CSG's Operating Margin has improved in the last couple of years.
- Looking at the Gross Margin, with a value of 70.26%, CSG belongs to the top of the industry, outperforming 83.33% of the companies in the same industry.
- CSG's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 20.7% | ||
| PM (TTM) | 12.5% | ||
| GM | 70.26% |
OM growth 3Y8.16%
OM growth 5Y1.8%
PM growth 3Y-10.44%
PM growth 5Y5.87%
GM growth 3Y3.22%
GM growth 5Y2.04%
2. Health
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), CSG is destroying value.
- Compared to 1 year ago, CSG has more shares outstanding
- Compared to 5 years ago, CSG has more shares outstanding
- The debt/assets ratio for CSG has been reduced compared to a year ago.
2.2 Solvency
- Based on the Altman-Z score of 0.89, we must say that CSG is in the distress zone and has some risk of bankruptcy.
- CSG has a worse Altman-Z score (0.89) than 72.22% of its industry peers.
- A Debt/Equity ratio of 1.91 is on the high side and indicates that CSG has dependencies on debt financing.
- Looking at the Debt to Equity ratio, with a value of 1.91, CSG is doing worse than 72.22% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.91 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.89 |
ROIC/WACC0.63
WACC6.32%
2.3 Liquidity
- A Current Ratio of 0.90 indicates that CSG may have some problems paying its short term obligations.
- CSG has a Current ratio (0.90) which is comparable to the rest of the industry.
- CSG has a Quick Ratio of 0.90. This is a bad value and indicates that CSG is not financially healthy enough and could expect problems in meeting its short term obligations.
- CSG has a Quick ratio of 0.60. This is amonst the worse of the industry: CSG underperforms 88.89% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.9 | ||
| Quick Ratio | 0.6 |
3. Growth
3.1 Past
- The Earnings Per Share has been growing slightly by 0.28% over the past year.
- Measured over the past 5 years, CSG shows a small growth in Earnings Per Share. The EPS has been growing by 6.05% on average per year.
- The Revenue has grown by 10.96% in the past year. This is quite good.
- CSG shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 1.89% yearly.
EPS 1Y (TTM)0.28%
EPS 3Y5.55%
EPS 5Y6.05%
EPS Q2Q%10.71%
Revenue 1Y (TTM)10.96%
Revenue growth 3Y0.84%
Revenue growth 5Y1.89%
Sales Q2Q%15.95%
3.2 Future
- Based on estimates for the next years, CSG will show a small growth in Earnings Per Share. The EPS will grow by 7.72% on average per year.
- Based on estimates for the next years, CSG will show a small growth in Revenue. The Revenue will grow by 4.81% on average per year.
EPS Next Y8.59%
EPS Next 2Y7.96%
EPS Next 3Y7.9%
EPS Next 5Y7.72%
Revenue Next Year2.64%
Revenue Next 2Y3.3%
Revenue Next 3Y3.7%
Revenue Next 5Y4.81%
3.3 Evolution
- The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
- The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 20.07, CSG is valued on the expensive side.
- 94.44% of the companies in the same industry are cheaper than CSG, based on the Price/Earnings ratio.
- Compared to an average S&P500 Price/Earnings ratio of 27.47, CSG is valued a bit cheaper.
- Based on the Price/Forward Earnings ratio of 18.20, the valuation of CSG can be described as rather expensive.
- CSG's Price/Forward Earnings ratio is rather expensive when compared to the industry. CSG is more expensive than 94.44% of the companies in the same industry.
- CSG is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 24.26, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.07 | ||
| Fwd PE | 18.2 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, CSG is valued a bit more expensive than 72.22% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 13.06 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
- The decent profitability rating of CSG may justify a higher PE ratio.
PEG (NY)2.34
PEG (5Y)3.32
EPS Next 2Y7.96%
EPS Next 3Y7.9%
5. Dividend
5.1 Amount
- CSG has a Yearly Dividend Yield of 6.13%, which is a nice return.
- Compared to an average industry Dividend Yield of 4.47, CSG pays a better dividend. On top of this CSG pays more dividend than 83.33% of the companies listed in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.87, CSG pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.13% |
5.2 History
- On average, the dividend of CSG grows each year by 6.54%, which is quite nice.
Dividend Growth(5Y)6.54%
Div Incr YearsN/A
Div Non Decr YearsN/A
5.3 Sustainability
- 62.87% of the earnings are spent on dividend by CSG. This is not a sustainable payout ratio.
- CSG's earnings are growing around the same pace than its dividend. As long as the earnings growth is kept the dividend growth is sustainable.
DP62.87%
EPS Next 2Y7.96%
EPS Next 3Y7.9%
FRA:CSG (1/14/2026, 7:00:00 PM)
61
+1 (+1.67%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryMulti-Utilities
Earnings (Last)10-30 2025-10-30/bmo
Earnings (Next)02-05 2026-02-05/amc
Inst Owners99.05%
Inst Owner ChangeN/A
Ins Owners0.55%
Ins Owner ChangeN/A
Market Cap18.56B
Revenue(TTM)8.29B
Net Income(TTM)1.04B
Analysts75.24
Price TargetN/A
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.13% |
Yearly Dividend1.82
Dividend Growth(5Y)6.54%
DP62.87%
Div Incr YearsN/A
Div Non Decr YearsN/A
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)5.49%
Min EPS beat(2)2.11%
Max EPS beat(2)8.88%
EPS beat(4)2
Avg EPS beat(4)2.37%
Min EPS beat(4)-1.09%
Max EPS beat(4)8.88%
EPS beat(8)5
Avg EPS beat(8)2.87%
EPS beat(12)7
Avg EPS beat(12)5.97%
EPS beat(16)11
Avg EPS beat(16)5.61%
Revenue beat(2)2
Avg Revenue beat(2)6.58%
Min Revenue beat(2)4.73%
Max Revenue beat(2)8.42%
Revenue beat(4)3
Avg Revenue beat(4)2.54%
Min Revenue beat(4)-11.28%
Max Revenue beat(4)8.42%
Revenue beat(8)3
Avg Revenue beat(8)-5.65%
Revenue beat(12)5
Avg Revenue beat(12)-4.25%
Revenue beat(16)9
Avg Revenue beat(16)0.59%
PT rev (1m)N/A
PT rev (3m)N/A
EPS NQ rev (1m)0.17%
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)N/A
Revenue NQ rev (1m)-7.94%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.52%
Revenue NY rev (3m)N/A
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.07 | ||
| Fwd PE | 18.2 | ||
| P/S | 2.6 | ||
| P/FCF | N/A | ||
| P/OCF | 9.98 | ||
| P/B | 2.43 | ||
| P/tB | 2.43 | ||
| EV/EBITDA | 13.06 |
EPS(TTM)3.04
EY4.98%
EPS(NY)3.35
Fwd EY5.49%
FCF(TTM)-4.27
FCFYN/A
OCF(TTM)6.11
OCFY10.02%
SpS23.46
BVpS25.07
TBVpS25.07
PEG (NY)2.34
PEG (5Y)3.32
Graham Number41.41
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.73% | ||
| ROE | 11.7% | ||
| ROCE | 4.91% | ||
| ROIC | 3.95% | ||
| ROICexc | 3.99% | ||
| ROICexgc | 3.99% | ||
| OM | 20.7% | ||
| PM (TTM) | 12.5% | ||
| GM | 70.26% | ||
| FCFM | N/A |
ROA(3y)2.67%
ROA(5y)3.05%
ROE(3y)11.83%
ROE(5y)13.91%
ROIC(3y)3.46%
ROIC(5y)3.6%
ROICexc(3y)3.48%
ROICexc(5y)3.62%
ROICexgc(3y)3.48%
ROICexgc(5y)3.62%
ROCE(3y)4.31%
ROCE(5y)4.48%
ROICexgc growth 3Y1.52%
ROICexgc growth 5Y-2.23%
ROICexc growth 3Y1.52%
ROICexc growth 5Y-2.23%
OM growth 3Y8.16%
OM growth 5Y1.8%
PM growth 3Y-10.44%
PM growth 5Y5.87%
GM growth 3Y3.22%
GM growth 5Y2.04%
F-Score5
Asset Turnover0.22
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.91 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 5.62 | ||
| Cap/Depr | 284.34% | ||
| Cap/Sales | 44.22% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 71.83% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.9 | ||
| Quick Ratio | 0.6 | ||
| Altman-Z | 0.89 |
F-Score5
WACC6.32%
ROIC/WACC0.63
Cap/Depr(3y)219.4%
Cap/Depr(5y)213.13%
Cap/Sales(3y)33.34%
Cap/Sales(5y)32.61%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)0.28%
EPS 3Y5.55%
EPS 5Y6.05%
EPS Q2Q%10.71%
EPS Next Y8.59%
EPS Next 2Y7.96%
EPS Next 3Y7.9%
EPS Next 5Y7.72%
Revenue 1Y (TTM)10.96%
Revenue growth 3Y0.84%
Revenue growth 5Y1.89%
Sales Q2Q%15.95%
Revenue Next Year2.64%
Revenue Next 2Y3.3%
Revenue Next 3Y3.7%
Revenue Next 5Y4.81%
EBIT growth 1Y16.96%
EBIT growth 3Y9.07%
EBIT growth 5Y3.72%
EBIT Next Year95.43%
EBIT Next 3Y33.19%
EBIT Next 5Y23.18%
FCF growth 1Y-339.65%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y3.25%
OCF growth 3Y9.22%
OCF growth 5Y5.77%
CMS ENERGY CORP / CSG.DE FAQ
Can you provide the ChartMill fundamental rating for CMS ENERGY CORP?
ChartMill assigns a fundamental rating of 4 / 10 to CSG.DE.
Can you provide the valuation status for CMS ENERGY CORP?
ChartMill assigns a valuation rating of 2 / 10 to CMS ENERGY CORP (CSG.DE). This can be considered as Overvalued.
What is the profitability of CSG stock?
CMS ENERGY CORP (CSG.DE) has a profitability rating of 6 / 10.
Can you provide the financial health for CSG stock?
The financial health rating of CMS ENERGY CORP (CSG.DE) is 1 / 10.
How sustainable is the dividend of CMS ENERGY CORP (CSG.DE) stock?
The dividend rating of CMS ENERGY CORP (CSG.DE) is 7 / 10 and the dividend payout ratio is 62.87%.