Growth & Assumptions

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Market & Balance Sheet Data

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Cash Flow Projection

Year2027202820292030203120322033203420352036
Free Cash Flow-51.14-58-65.77-74.58-84.57-92.39-100.93-110.25-120.44-131.57
Terminal Value----------1,693.94
Cumulated PVRunning Sum-46.08-93.15-141.24-190.36-240.56-289.95-338.56-386.4-433.49-1,076.4
* Scroll horizontally for more yearsAll figures in USD Millions

Valuation Breakdown

Enterprise Value (EV)-$1,076.4
(+) Cash & Investments$135.35
(-) Total Debt$30,244
Equity Value-$31,185.05
Shares Outstanding375.5
Fair Value Per Share-$83.05
All figures in USD Millions

Calculated Fair Value

$-83.05
Current Price$74.42
Margin of Safety-211.60%
Sell

ES (ES) DCF Valuation Analysis

Independent intrinsic value calculation based on latest financial reports.

Our ES DCF calculator utilizes a two-stage Discounted Cash Flow model to estimate the true value of ES stock. As of the most recent quarterly report (12/31/2025), ES generated -$45,097,000 in Trailing Twelve Month (TTM) Free Cash Flow.

Key Valuation Metrics for ES

Forward P/E
14.37
Price to Book
1.72
Margin of Safety
N/A
Intrinsic Value
N/A

By discounting ES's future cash flows using an expected return of 11%, we can determine if the stock is currently trading at a margin of safety. A negative margin of safety suggests that market expectations may be too high relative to the company's historical cash flow productivity.

Final Verdict

For ES to be considered a fair investment at current levels, it would need to sustain a cash flow growth rate of approximately 13.40% for the next five years. This valuation model accounts for ES's current cash position of $135,351,008 and total debt of $30,243,997,696. Currently trading at a premium to its intrinsic value, investors should carefully consider the growth assumptions required to justify the current price.

Why use DCF for ES?

Discounted Cash Flow is widely considered the most accurate method for valuing mature companies like ES. Using our Free DCF Calculator, you can customize every assumption in this model to see how it affects the intrinsic value.

Based on Owner Earnings (FCF)
Includes Balance Sheet adjustments
Customizable growth assumptions

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