CMS ENERGY CORP (CSG.DE) Fundamental Analysis & Valuation
FRA:CSG • US1258961002
66 EUR
0 (0%)
Last: Mar 6, 2026, 07:00 PM
This CSG.DE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
CSG gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 18 industry peers in the Multi-Utilities industry. While CSG has a great profitability rating, there are quite some concerns on its financial health. CSG is quite expensive at the moment. It does show a decent growth rate.
1. CSG.DE Profitability Analysis
1.1 Basic Checks
- In the past year CSG was profitable.
- CSG had a positive operating cash flow in the past year.
- In the past 5 years CSG has always been profitable.
- In the past 5 years CSG always reported a positive cash flow from operatings.
1.2 Ratios
- Looking at the Return On Assets, with a value of 2.66%, CSG is in line with its industry, outperforming 55.56% of the companies in the same industry.
- CSG's Return On Equity of 11.60% is fine compared to the rest of the industry. CSG outperforms 66.67% of its industry peers.
- CSG has a worse Return On Invested Capital (3.74%) than 72.22% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for CSG is in line with the industry average of 5.44%.
- The last Return On Invested Capital (3.74%) for CSG is above the 3 year average (3.50%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.66% | ||
| ROE | 11.6% | ||
| ROIC | 3.74% |
ROA(3y)2.68%
ROA(5y)3.07%
ROE(3y)11.76%
ROE(5y)13.48%
ROIC(3y)3.5%
ROIC(5y)3.46%
1.3 Margins
- The Profit Margin of CSG (12.43%) is better than 72.22% of its industry peers.
- In the last couple of years the Profit Margin of CSG has grown nicely.
- Looking at the Operating Margin, with a value of 20.22%, CSG is in the better half of the industry, outperforming 72.22% of the companies in the same industry.
- In the last couple of years the Operating Margin of CSG has remained more or less at the same level.
- The Gross Margin of CSG (69.45%) is better than 83.33% of its industry peers.
- CSG's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 20.22% | ||
| PM (TTM) | 12.43% | ||
| GM | 69.45% |
OM growth 3Y12.41%
OM growth 5Y-0.16%
PM growth 3Y8.9%
PM growth 5Y1.91%
GM growth 3Y3.81%
GM growth 5Y0.4%
2. CSG.DE Health Analysis
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so CSG is destroying value.
- The number of shares outstanding for CSG has been increased compared to 1 year ago.
- Compared to 5 years ago, CSG has more shares outstanding
- Compared to 1 year ago, CSG has a worse debt to assets ratio.
2.2 Solvency
- Based on the Altman-Z score of 0.90, we must say that CSG is in the distress zone and has some risk of bankruptcy.
- CSG's Altman-Z score of 0.90 is on the low side compared to the rest of the industry. CSG is outperformed by 72.22% of its industry peers.
- A Debt/Equity ratio of 1.96 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 1.96, CSG is doing worse than 77.78% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.96 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.9 |
ROIC/WACC0.6
WACC6.21%
2.3 Liquidity
- A Current Ratio of 0.98 indicates that CSG may have some problems paying its short term obligations.
- CSG has a better Current ratio (0.98) than 61.11% of its industry peers.
- CSG has a Quick Ratio of 0.98. This is a bad value and indicates that CSG is not financially healthy enough and could expect problems in meeting its short term obligations.
- With a Quick ratio value of 0.76, CSG is not doing good in the industry: 66.67% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.98 | ||
| Quick Ratio | 0.76 |
3. CSG.DE Growth Analysis
3.1 Past
- CSG shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 7.78%.
- CSG shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 6.08% yearly.
- Looking at the last year, CSG shows a quite strong growth in Revenue. The Revenue has grown by 13.63% in the last year.
- CSG shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.03% yearly.
EPS 1Y (TTM)7.78%
EPS 3Y7.6%
EPS 5Y6.08%
EPS Q2Q%8.05%
Revenue 1Y (TTM)13.63%
Revenue growth 3Y-0.22%
Revenue growth 5Y5.03%
Sales Q2Q%12.27%
3.2 Future
- Based on estimates for the next years, CSG will show a quite strong growth in Earnings Per Share. The EPS will grow by 8.04% on average per year.
- Based on estimates for the next years, CSG will show a small growth in Revenue. The Revenue will grow by 5.53% on average per year.
EPS Next Y8.17%
EPS Next 2Y8.03%
EPS Next 3Y7.88%
EPS Next 5Y8.04%
Revenue Next Year6.65%
Revenue Next 2Y5.68%
Revenue Next 3Y5.36%
Revenue Next 5Y5.53%
3.3 Evolution
- The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. CSG.DE Valuation Analysis
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 21.29, CSG is valued on the expensive side.
- Based on the Price/Earnings ratio, CSG is valued expensively inside the industry as 83.33% of the companies are valued cheaper.
- Compared to an average S&P500 Price/Earnings ratio of 26.29, CSG is valued at the same level.
- Based on the Price/Forward Earnings ratio of 19.69, the valuation of CSG can be described as rather expensive.
- Based on the Price/Forward Earnings ratio, CSG is valued expensively inside the industry as 94.44% of the companies are valued cheaper.
- The average S&P500 Price/Forward Earnings ratio is at 24.57. CSG is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.29 | ||
| Fwd PE | 19.69 |
4.2 Price Multiples
- 77.78% of the companies in the same industry are cheaper than CSG, based on the Enterprise Value to EBITDA ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 13.81 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates CSG does not grow enough to justify the current Price/Earnings ratio.
- The decent profitability rating of CSG may justify a higher PE ratio.
PEG (NY)2.61
PEG (5Y)3.5
EPS Next 2Y8.03%
EPS Next 3Y7.88%
5. CSG.DE Dividend Analysis
5.1 Amount
- With a Yearly Dividend Yield of 2.96%, CSG has a reasonable but not impressive dividend return.
- Compared to an average industry Dividend Yield of 3.83, CSG's dividend is way lower than its industry peers. On top of this 83.33% of the companies listed in the same industry pay a better dividend than CSG!
- Compared to an average S&P500 Dividend Yield of 1.82, CSG pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.96% |
5.2 History
- The dividend of CSG is nicely growing with an annual growth rate of 6.09%!
Dividend Growth(5Y)6.09%
Div Incr YearsN/A
Div Non Decr YearsN/A
5.3 Sustainability
- 62.49% of the earnings are spent on dividend by CSG. This is not a sustainable payout ratio.
- The dividend of CSG is growing, but earnings are growing more, so the dividend growth is sustainable.
DP62.49%
EPS Next 2Y8.03%
EPS Next 3Y7.88%
CSG.DE Fundamentals: All Metrics, Ratios and Statistics
FRA:CSG (3/6/2026, 7:00:00 PM)
66
0 (0%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryMulti-Utilities
Earnings (Last)02-05 2026-02-05/bmo
Earnings (Next)04-22 2026-04-22/bmo
Inst Owners99.05%
Inst Owner ChangeN/A
Ins Owners0.55%
Ins Owner ChangeN/A
Market Cap20.09B
Revenue(TTM)8.54B
Net Income(TTM)1.06B
Analysts75.24
Price TargetN/A
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.96% |
Yearly Dividend1.86
Dividend Growth(5Y)6.09%
DP62.49%
Div Incr YearsN/A
Div Non Decr YearsN/A
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)3.85%
Min EPS beat(2)-1.18%
Max EPS beat(2)8.88%
EPS beat(4)2
Avg EPS beat(4)2.35%
Min EPS beat(4)-1.18%
Max EPS beat(4)8.88%
EPS beat(8)5
Avg EPS beat(8)2.8%
EPS beat(12)6
Avg EPS beat(12)1.5%
EPS beat(16)10
Avg EPS beat(16)5.18%
Revenue beat(2)2
Avg Revenue beat(2)12.91%
Min Revenue beat(2)8.42%
Max Revenue beat(2)17.4%
Revenue beat(4)4
Avg Revenue beat(4)9.71%
Min Revenue beat(4)4.73%
Max Revenue beat(4)17.4%
Revenue beat(8)4
Avg Revenue beat(8)0.25%
Revenue beat(12)5
Avg Revenue beat(12)-6.02%
Revenue beat(16)9
Avg Revenue beat(16)0.64%
PT rev (1m)N/A
PT rev (3m)N/A
EPS NQ rev (1m)-0.23%
EPS NQ rev (3m)-4.91%
EPS NY rev (1m)0.01%
EPS NY rev (3m)0.14%
Revenue NQ rev (1m)-0.08%
Revenue NQ rev (3m)-0.7%
Revenue NY rev (1m)2.51%
Revenue NY rev (3m)2.23%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.29 | ||
| Fwd PE | 19.69 | ||
| P/S | 2.73 | ||
| P/FCF | N/A | ||
| P/OCF | 10.44 | ||
| P/B | 2.55 | ||
| P/tB | 2.55 | ||
| EV/EBITDA | 13.81 |
EPS(TTM)3.1
EY4.7%
EPS(NY)3.35
Fwd EY5.08%
FCF(TTM)-4.49
FCFYN/A
OCF(TTM)6.32
OCFY9.58%
SpS24.15
BVpS25.86
TBVpS25.86
PEG (NY)2.61
PEG (5Y)3.5
Graham Number42.47
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.66% | ||
| ROE | 11.6% | ||
| ROCE | 4.75% | ||
| ROIC | 3.74% | ||
| ROICexc | 3.79% | ||
| ROICexgc | 3.79% | ||
| OM | 20.22% | ||
| PM (TTM) | 12.43% | ||
| GM | 69.45% | ||
| FCFM | N/A |
ROA(3y)2.68%
ROA(5y)3.07%
ROE(3y)11.76%
ROE(5y)13.48%
ROIC(3y)3.5%
ROIC(5y)3.46%
ROICexc(3y)3.53%
ROICexc(5y)3.49%
ROICexgc(3y)3.53%
ROICexgc(5y)3.49%
ROCE(3y)4.46%
ROCE(5y)4.4%
ROICexgc growth 3Y3.53%
ROICexgc growth 5Y-1.36%
ROICexc growth 3Y3.53%
ROICexc growth 5Y-1.36%
OM growth 3Y12.41%
OM growth 5Y-0.16%
PM growth 3Y8.9%
PM growth 5Y1.91%
GM growth 3Y3.81%
GM growth 5Y0.4%
F-Score5
Asset Turnover0.21
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.96 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 5.92 | ||
| Cap/Depr | 292.8% | ||
| Cap/Sales | 44.78% | ||
| Interest Coverage | 2.33 | ||
| Cash Conversion | 73.69% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.98 | ||
| Quick Ratio | 0.76 | ||
| Altman-Z | 0.9 |
F-Score5
WACC6.21%
ROIC/WACC0.6
Cap/Depr(3y)246.72%
Cap/Depr(5y)227.47%
Cap/Sales(3y)39.07%
Cap/Sales(5y)34.63%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)7.78%
EPS 3Y7.6%
EPS 5Y6.08%
EPS Q2Q%8.05%
EPS Next Y8.17%
EPS Next 2Y8.03%
EPS Next 3Y7.88%
EPS Next 5Y8.04%
Revenue 1Y (TTM)13.63%
Revenue growth 3Y-0.22%
Revenue growth 5Y5.03%
Sales Q2Q%12.27%
Revenue Next Year6.65%
Revenue Next 2Y5.68%
Revenue Next 3Y5.36%
Revenue Next 5Y5.53%
EBIT growth 1Y16.14%
EBIT growth 3Y12.16%
EBIT growth 5Y4.86%
EBIT Next Year87.68%
EBIT Next 3Y30.75%
EBIT Next 5Y22.98%
FCF growth 1Y-145.22%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-5.7%
OCF growth 3Y37.75%
OCF growth 5Y11.86%
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 1 / 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 7 / 10.
Can you provide the financial health for CSG stock?
The financial health rating of CMS ENERGY CORP (CSG.DE) is 0 / 10.
How sustainable is the dividend of CMS ENERGY CORP (CSG.DE) stock?
The dividend rating of CMS ENERGY CORP (CSG.DE) is 5 / 10 and the dividend payout ratio is 62.49%.