CMS ENERGY CORP (CSG.DE) Fundamental Analysis & Valuation

FRA:CSG • US1258961002

Current stock price

68.5 EUR
+1.5 (+2.24%)
Last:

This CSG.DE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

7

1. CSG.DE Profitability Analysis

1.1 Basic Checks

  • CSG had positive earnings in the past year.
  • CSG had a positive operating cash flow in the past year.
  • Each year in the past 5 years CSG has been profitable.
  • In the past 5 years CSG always reported a positive cash flow from operatings.
CSG.DE Yearly Net Income VS EBIT VS OCF VS FCFCSG.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B -1B 2B

1.2 Ratios

  • The Return On Assets of CSG (2.66%) is better than 63.16% of its industry peers.
  • Looking at the Return On Equity, with a value of 11.60%, CSG is in the better half of the industry, outperforming 73.68% of the companies in the same industry.
  • CSG has a Return On Invested Capital of 3.74%. This is in the lower half of the industry: CSG underperforms 63.16% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for CSG is below the industry average of 5.51%.
  • 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 RankSector 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%
CSG.DE Yearly ROA, ROE, ROICCSG.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15 20

1.3 Margins

  • CSG has a better Profit Margin (12.43%) than 68.42% of its industry peers.
  • CSG's Profit Margin has improved in the last couple of years.
  • The Operating Margin of CSG (20.22%) is better than 73.68% of its industry peers.
  • In the last couple of years the Operating Margin of CSG has remained more or less at the same level.
  • CSG has a Gross Margin of 69.45%. This is amongst the best in the industry. CSG outperforms 84.21% of its industry peers.
  • CSG's Gross Margin has been stable in the last couple of years.
Industry RankSector 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%
CSG.DE Yearly Profit, Operating, Gross MarginsCSG.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60

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0

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.
  • CSG has more shares outstanding than it did 1 year ago.
  • The number of shares outstanding for CSG has been increased compared to 5 years ago.
  • The debt/assets ratio for CSG is higher compared to a year ago.
CSG.DE Yearly Shares OutstandingCSG.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M
CSG.DE Yearly Total Debt VS Total AssetsCSG.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B

2.2 Solvency

  • Based on the Altman-Z score of 0.91, we must say that CSG is in the distress zone and has some risk of bankruptcy.
  • The Altman-Z score of CSG (0.91) is worse than 73.68% of its industry peers.
  • CSG has a Debt/Equity ratio of 1.96. This is a high value indicating a heavy dependency on external financing.
  • The Debt to Equity ratio of CSG (1.96) is worse than 84.21% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.96
Debt/FCF N/A
Altman-Z 0.91
ROIC/WACC0.58
WACC6.4%
CSG.DE Yearly LT Debt VS Equity VS FCFCSG.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5B 10B 15B

2.3 Liquidity

  • A Current Ratio of 0.98 indicates that CSG may have some problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 0.98, CSG is in line with its industry, outperforming 52.63% of the companies in the same industry.
  • A Quick Ratio of 0.76 indicates that CSG may have some problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 0.76, CSG is doing worse than 68.42% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.98
Quick Ratio 0.76
CSG.DE Yearly Current Assets VS Current LiabilitesCSG.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B

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5

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%.
  • The Earnings Per Share has been growing slightly by 6.08% on average over the past years.
  • CSG shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 13.63%.
  • Measured over the past years, CSG shows a small growth in Revenue. The Revenue has been growing by 5.03% on average per year.
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

  • CSG is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 8.02% yearly.
  • Based on estimates for the next years, CSG will show a small growth in Revenue. The Revenue will grow by 6.47% on average per year.
EPS Next Y8.77%
EPS Next 2Y8.3%
EPS Next 3Y8.12%
EPS Next 5Y8.02%
Revenue Next Year6.78%
Revenue Next 2Y5.72%
Revenue Next 3Y5.22%
Revenue Next 5Y6.47%

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 accelerating.
CSG.DE Yearly Revenue VS EstimatesCSG.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2B 4B 6B 8B 10B
CSG.DE Yearly EPS VS EstimatesCSG.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 1 2 3 4 5

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1

4. CSG.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 21.96 indicates a rather expensive valuation of CSG.
  • 94.74% of the companies in the same industry are cheaper than CSG, based on the Price/Earnings ratio.
  • When comparing the Price/Earnings ratio of CSG to the average of the S&P500 Index (26.91), we can say CSG is valued inline with the index average.
  • A Price/Forward Earnings ratio of 20.21 indicates a rather expensive valuation of CSG.
  • CSG's Price/Forward Earnings ratio is rather expensive when compared to the industry. CSG is more expensive than 94.74% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 23.68. CSG is around the same levels.
Industry RankSector Rank
PE 21.96
Fwd PE 20.21
CSG.DE Price Earnings VS Forward Price EarningsCSG.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, CSG is valued a bit more expensive than the industry average as 78.95% of the companies are valued more cheaply.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 14.06
CSG.DE Per share dataCSG.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • CSG has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)2.5
PEG (5Y)3.61
EPS Next 2Y8.3%
EPS Next 3Y8.12%

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5

5. CSG.DE Dividend Analysis

5.1 Amount

  • CSG has a Yearly Dividend Yield of 2.94%.
  • With a Dividend Yield of 2.94, CSG pays less dividend than the industry average, which is at 4.29. 84.21% of the companies listed in the same industry pay a better dividend than CSG!
  • CSG's Dividend Yield is rather good when compared to the S&P500 average which is at 1.89.
Industry RankSector Rank
Dividend Yield 2.94%

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
CSG.DE Yearly Dividends per shareCSG.DE Yearly Dividends per shareYearly Dividends per share 2021 2022 2025 2026 0.5 1 1.5

5.3 Sustainability

  • CSG pays out 62.49% of its income as dividend. This is not a sustainable payout ratio.
  • CSG's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP62.49%
EPS Next 2Y8.3%
EPS Next 3Y8.12%
CSG.DE Yearly Income VS Free CF VS DividendCSG.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M -500M 1B -1B -1.5B
CSG.DE Dividend Payout.CSG.DE Dividend Payout, showing the Payout Ratio.CSG.DE Dividend Payout.PayoutRetained Earnings

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CSG.DE Fundamentals: All Metrics, Ratios and Statistics

CMS ENERGY CORP

FRA:CSG (3/13/2026, 7:00:00 PM)

68.5

+1.5 (+2.24%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryMulti-Utilities
Earnings (Last)02-05
Earnings (Next)04-22
Inst Owners98.14%
Inst Owner ChangeN/A
Ins Owners0.59%
Ins Owner ChangeN/A
Market Cap20.99B
Revenue(TTM)8.54B
Net Income(TTM)1.06B
Analysts75.24
Price TargetN/A
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.94%
Yearly Dividend1.9
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)-0.02%
EPS NQ rev (3m)-4.5%
EPS NY rev (1m)0.56%
EPS NY rev (3m)0.6%
Revenue NQ rev (1m)1.18%
Revenue NQ rev (3m)0.47%
Revenue NY rev (1m)2.4%
Revenue NY rev (3m)2.35%
Valuation
Industry RankSector Rank
PE 21.96
Fwd PE 20.21
P/S 2.84
P/FCF N/A
P/OCF 10.85
P/B 2.65
P/tB 2.65
EV/EBITDA 14.06
EPS(TTM)3.12
EY4.55%
EPS(NY)3.39
Fwd EY4.95%
FCF(TTM)-4.49
FCFYN/A
OCF(TTM)6.31
OCFY9.22%
SpS24.12
BVpS25.83
TBVpS25.83
PEG (NY)2.5
PEG (5Y)3.61
Graham Number42.58
Profitability
Industry RankSector 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 RankSector 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 0.91
F-Score5
WACC6.4%
ROIC/WACC0.58
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 Y8.77%
EPS Next 2Y8.3%
EPS Next 3Y8.12%
EPS Next 5Y8.02%
Revenue 1Y (TTM)13.63%
Revenue growth 3Y-0.22%
Revenue growth 5Y5.03%
Sales Q2Q%12.27%
Revenue Next Year6.78%
Revenue Next 2Y5.72%
Revenue Next 3Y5.22%
Revenue Next 5Y6.47%
EBIT growth 1Y16.14%
EBIT growth 3Y12.16%
EBIT growth 5Y4.86%
EBIT Next Year87.74%
EBIT Next 3Y30.77%
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 Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for CMS ENERGY CORP?

ChartMill assigns a fundamental rating of 4 / 10 to CSG.DE.


What is the valuation status of CMS ENERGY CORP (CSG.DE) stock?

ChartMill assigns a valuation rating of 1 / 10 to CMS ENERGY CORP (CSG.DE). This can be considered as Overvalued.


How profitable is CMS ENERGY CORP (CSG.DE) stock?

CMS ENERGY CORP (CSG.DE) has a profitability rating of 7 / 10.


How financially healthy is CMS ENERGY CORP?

The financial health rating of CMS ENERGY CORP (CSG.DE) is 0 / 10.


What is the earnings growth outlook for CMS ENERGY CORP?

The Earnings per Share (EPS) of CMS ENERGY CORP (CSG.DE) is expected to grow by 8.77% in the next year.