Pinnacle West Capital Corporation

Pinnacle West Capital Corporation

PNWยทNYSE

$100.48

+1.1%
UtilitiesRegulated Electric

Pinnacle West Capital Corporation, through its subsidiary, Arizona Public Service Company, provides retail and wholesale electric services primarily in the state of Arizona. The company engages in the generation, transmission, and distribution of electricity using coal, nuclear, gas, oil, and solar generating facilities. Its transmission facilities include approximately 5,814 pole miles of overhead lines and approximately 74 miles of underground lines; and distribution facilities comprise approximately 11,258 miles of overhead lines and approximately 22,821 miles of underground primary cable, as well as owns and maintains 475 transmission and distribution substations. The company also owns or leases approximately 6,323 megawatts of regulated generation capacity. It serves approximately 1.3 million customers. Pinnacle West Capital Corporation was incorporated in 1985 and is headquartered in Phoenix, Arizona.

At a Glance

Live Snapshot
Market Cap$12.18B
EPS5.1500
P/E Ratio19.51
Earnings Date08/05/2026
Pinnacle West Capital Corporation

Pinnacle West Capital Corporation Fair Value Envelope

PNW ยท NYSE

Our analysis suggests that PNW has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $100.48, this represents a potential HIDDEN relative to our calculated worth for Pinnacle West Capital Corporation.

Intrinsic Value
Current Price: $100.48

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$2.9B
+ Cash & Equivalents$6.6M
Firm Value$2.9B
- Debt$17.8B
Equity Value-$15.0B
/ Shares Outstanding119,690,399B
DCF Value-$125
OVERVALUED BY 225%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$1.3B
$931.2M
$668.8M
$480.4M
$345.0M
$247.8M
$178.0M
$127.8M
$91.8M
$65.9M
Maintenance CapEx
-$377.0M
-$270.8M
-$194.5M
-$139.7M
-$100.3M
-$72.1M
-$51.8M
-$37.2M
-$26.7M
-$19.2M
Owner Earnings
$919.5M
$660.4M
$474.3M
$340.7M
$244.7M
$175.7M
$126.2M
$90.7M
$65.1M
$46.8M
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$851.4M
$566.2M
$376.5M
$250.4M
$166.5M
$110.7M
$73.7M
$49.0M
$32.6M
$21.7M
Terminal Value represents 12.8% of Enterprise Value