Growth & Assumptions

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Market & Balance Sheet Data

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Cash Flow Projection

Year2027202820292030203120322033203420352036
Free Cash Flow-1,213.04-1,464.13-1,767.21-2,133.02-2,574.56-2,834.07-3,119.75-3,434.22-3,780.39-4,161.45
Terminal Value----------53,578.65
Cumulated PVRunning Sum-1,092.82-2,281.15-3,573.32-4,978.4-6,506.28-8,021.49-9,524.14-11,014.34-12,492.18-32,827.35
* Scroll horizontally for more yearsAll figures in USD Millions

Valuation Breakdown

Enterprise Value (EV)-$32,827.35
(+) Cash & Investments$57
(-) Total Debt$26,843
Equity Value-$59,613.35
Shares Outstanding577.93
Fair Value Per Share-$103.15
All figures in USD Millions

Calculated Fair Value

$-103.15
Current Price$50.98
Margin of Safety-302.33%
Sell

FE (FE) DCF Valuation Analysis

Independent intrinsic value calculation based on latest financial reports.

Our FE DCF calculator utilizes a two-stage Discounted Cash Flow model to estimate the true value of FE stock. As of the most recent quarterly report (12/31/2025), FE generated -$1,005,000,000 in Trailing Twelve Month (TTM) Free Cash Flow.

Key Valuation Metrics for FE

Forward P/E
17.29
Price to Book
2.35
Margin of Safety
N/A
Intrinsic Value
N/A

By discounting FE'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 FE to be considered a fair investment at current levels, it would need to sustain a cash flow growth rate of approximately 20.70% for the next five years. This valuation model accounts for FE's current cash position of $57,000,000 and total debt of $26,843,000,832. 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 FE?

Discounted Cash Flow is widely considered the most accurate method for valuing mature companies like FE. 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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