Dominion Energy Inc
Exchange: NYSESector: UtilitiesIndustry: Utilities - Regulated Electric
Dominion Resources, Inc. (Dominion), is a producer and transporter of energy. The Company is a provider of electricity, natural gas and related services to customers primarily in the eastern region of the United States Dominion's portfolio of assets includes approximately 27,500 megawatts of generating capacity, 6,300 miles of electric transmission lines, 56,900 miles of electric distribution lines, 11,000 miles of natural gas transmission, gathering and storage pipeline and 21,800 miles of gas distribution pipeline, exclusive of service lines of two inches in diameter or less. Dominion also operates one of the underground natural gas storage systems, with approximately 947 billion cubic feet of storage capacity, and serves nearly six million utility and retail energy customers in 15 states. In July 2013, Dominion Resources Inc acquired three solar-power development projects near Indianapolis, Ind., from Sunrise Energy Ventures.
Did you know?
Carries 195.8x more debt than cash on its balance sheet.
Current Price
$63.94
-0.87%GoodMoat Value
$50.95
20.3% overvaluedProfile
Valuation (TTM)
Market Cap$56.19B
P/E19.02
EV$99.44B
P/B1.93
Shares Out878.79M
P/Sales3.22
Revenue$17.45B
EV/EBITDA12.92
Dominion Energy Inc (D) Stock Analysis
GoodMoat Analysis
Dominion Energy, a regulated electric utility, appears to have a weak competitive moat and concerning quality metrics, failing the initial gate of the GoodMoat framework. While its dividend yield of 4.40% may be attractive, the stock's price is above the GoodMoat Target of $50.95, and key financials like a negative FCF Yield of -14.1% raise significant red flags.
Read full analysis
Dominion Energy Inc operates as a regulated electric utility, a business model characterized by stable, government-granted monopolies in its service territories. Applying the GoodMoat framework's Moat Identification (Section 1), the company's primary advantage stems from Regulatory Barriers, a single criterion. It lacks the network effects, high switching costs, or proprietary technology typical of a durable moat, resulting in a very low Moat Score, likely below the required threshold of 5 to proceed with analysis. The Quality Indicators are also unfavourable. While the Operating Margin of 26.7% is solid, the company shows a negative Free Cash Flow Yield of -14.1%, which is a critical weakness against the framework's >10-15% FCF margin target. The Debt/Equity ratio of 1.68 is high, and the asset-heavy model is the opposite of the asset-light preference. Following the Decision Framework (Section 6), the low Moat Score and multiple weak quality metrics suggest the business fails the initial 'Moat & Quality Gate,' halting further valuation analysis. The current price of $60.66 is above the GoodMoat Target of $50.95, indicating an unfavourable valuation. For a value investor, the combination of a weak moat, poor cash flow generation, high leverage, and a premium price makes this a low-priority candidate for further investigation without a significant change in fundamentals or price.
Analysis based on data as of 2024-05-15.
Market Cap$56.19B
Current Price$63.94
P/E Ratio19.02
Forward P/E—
PEG Ratio-1.83
EPS$3.45
Book Value$33.09
P/B Ratio1.93
D Financial Charts
FCF vs CAPEX
FCFCAPEX
Cash vs Debt
Net Debt: 48.7B
Revenue
14.4B
FY19
14.2B
FY20
11.4B
FY21
13.9B
FY22
14.4B
FY23
14.5B
FY24
16.5B
FY25
Net Income
1.4B
FY19
—
FY20
3.4B
FY21
1.2B
FY22
2.0B
FY23
2.0B
FY24
3.0B
FY25
D 52-Week Range
$51.44
$65.81
50-Day MA: $62.50200-Day MA: $59.96
Did you know?
Pays a 4.05% dividend yield.
Dominion Energy Inc (D) Financial Summary
Dominion Energy Inc (D) is a Utilities company in the Utilities - Regulated Electric industry, listed on NYSE. The stock currently trades at $63.94 with a market capitalization of $56.19B.
Key valuation metrics include a P/E ratio of 19.02, price-to-book ratio of 1.93, and EPS of $3.45. The company reports a profit margin of 16.9% and return on equity of 10.2%.
D Key Financial Metrics
| Metric | Value |
|---|---|
| Market Cap | $56.19B |
| P/E Ratio | 19.02 |
| EPS | $3.45 |
| P/B Ratio | 1.93 |
| P/S Ratio | 3.22 |
| EV/EBITDA | 12.92 |
| Dividend Yield | 4.05% |
| Profit Margin | 16.9% |
| Return on Equity | 10.2% |
| Debt/Equity | 1.68 |
D Revenue & Earnings History
| Year | Revenue | Net Income |
|---|---|---|
| FY19 | $14.40B | $1.36B |
| FY20 | $14.17B | $-401.00M |
| FY21 | $11.42B | $3.40B |
| FY22 | $13.94B | $1.19B |
| FY23 | $14.39B | $1.96B |
| FY24 | $14.46B | $2.03B |
| FY25 | $16.51B | $3.00B |
Dominion Energy Inc (D) Valuation
Based on GoodMoat's DCF model, Dominion Energy Inc has a fair value estimate of $50.95. At the current price of $63.94, the stock appears 25.5% overvalued relative to our intrinsic value estimate.
D Quality Indicators
Dominion Energy Inc maintains a profit margin of 16.9% and an operating margin of 26.7%. Return on equity stands at 10.2%. The current ratio is 0.77. Debt-to-equity ratio is 1.68.
About Dominion Energy Inc
Dominion Resources, Inc. (Dominion), is a producer and transporter of energy. The Company is a provider of electricity, natural gas and related services to customers primarily in the eastern region of the United States Dominion's portfolio of assets includes approximately 27,500 megawatts of generating capacity, 6,300 miles of electric transmission lines, 56,900 miles of electric distribution lines, 11,000 miles of natural gas transmission, gathering and storage pipeline and 21,800 miles of gas distribution pipeline, exclusive of service lines of two inches in diameter or less. Dominion also operates one of the underground natural gas storage systems, with approximately 947 billion cubic feet of storage capacity, and serves nearly six million utility and retail energy customers in 15 states. In July 2013, Dominion Resources Inc acquired three solar-power development projects near Indianapolis, Ind., from Sunrise Energy Ventures.
D Free Cash Flow
Dominion Energy Inc generated $-7.29B in trailing twelve-month free cash flow, representing an FCF yield of -12.98%. This low FCF yield may reflect heavy reinvestment or growth spending.
D Shares Outstanding
Dominion Energy Inc has 0.88 billion shares outstanding at a share price of $63.94, giving it a market capitalization of $56.19B.