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DCF Valuation
Base-case fair value
$-46.48
Intrinsic $-61.98 · 25% MOS
Current price: $69.05
Base-case summary
Our base-case DCF for Eversource Energy (ES) projects 10 years of free cash flow growth at 8.0% for years 1–5 and 4.0% for years 6–10, anchored to a default 8% growth assumption, then applies a 2.5% perpetual growth rate and a 8.0% discount rate. Starting from $237M in trailing free cash flow, this produces an intrinsic value of $-61.98 per share. A 25% safety margin gives a fair value of $-46.48, suggesting the stock is currently 167% overvalued against the $69.05 market price.
See 3 scenarios side by side
Conservative, Base, and Optimistic fair values, plus the sensitivity matrix and FCF history. Free account.
Model inputs
TTM Free Cash Flow
$237M
Cash & equivalents
$270M
Total debt
$29.5B
Shares outstanding
377M