Pinnacle West Capital Corp (PNW)

合理估值

UtilitiesUtilities - Regulated ElectricUnited States

基本面

价格

$93.39

市值

$11.07B

Yahoo Finance TradingView 新闻官网

第一部分 · 这家公司值多少

概览

Pinnacle West Capital Corporation, through its subsidiary, provides retail and wholesale electric services in the state of Arizona. The company engages in the generation, transmission, and distribution of electricity using nuclear, gas, oil, coal, and solar generating facilities. Its transmission facilities include overhead lines and underground lines; and distribution facilities consist of overhead lines and underground primary cables. The company also owns and maintains substations, including transmission and distribution yards; and owns energy storage facilities. Pinnacle West Capital Corporation was incorporated in 1985 and is headquartered in Phoenix, Arizona.

No editorial profile for this company yet

Direct competitors

Who this company fights with for the same customers

Generated on 2026年9月19日 with claude-haiku-4-5 — shared with all users

Salt River Project Agricultural Improvement and Power District (SRP)Not tracked

SRP is the not-for-profit public power utility that serves roughly half of the Phoenix metropolitan area — the same fast-growing homes, businesses and data-center loads that Pinnacle West's Arizona Public Service serves in the other half.

Tucson Electric Power Company (UNS Energy Corporation, subsidiary of Fortis Inc.)Not tracked

TEP is the other large investor-owned electric utility in Arizona, serving more than 450,000 customers in the Tucson area and competing with APS for the same state regulatory approvals, generation projects and Arizona load growth.

TXNM Energy, Inc. (formerly PNM Resources)TXNM

TXNM Energy is the neighbouring regulated electric holding company, delivering power to more than 800,000 customers in New Mexico and Texas and competing with Pinnacle West in the same Southwestern wholesale power and transmission markets.

信息来源: Pinnacle West Capital Corp. / Arizona Public Service Co. — Form 10-K, fiscal year 2024 Arizona Electric Utilities Team Up to Explore Adding Nuclear Generation (APS, SRP, TEP)TXNM Energy (NYSE: TXNM) Completes Name Change from PNM Resources

资产负债表与流动性

营收

$5.55B

最近12个月（截至2026/6/30）

净利润

$651M

最近12个月（截至2026/6/30）

自由现金流

$-820M

股东权益合计

$7.05B

负债合计

$22.94B

流动比率

0.59

利息覆盖率

2.46

债务/EBITDA

8.10

每股收益

营收与净利润

自由现金流

收入构成

历史财务表

利润率变化

债务变化

债务负担有多重

增长一览表

增长 — 营业收入

公允价值估算

受监管公用事业合理估值

公允价值

$80.22

当前价格

$93.39

安全边际

-16.4%

公允价值区间

$59.77 - $100.67

所用估值方法之间的离散区间，并非经过统计校准的置信区间。

估算方法

分析师目标价:$105.46

现金流折现法（DCF）:$45.21

市盈率法（P/E）:$91.00

格雷厄姆成长公式:不适用于此类公司

盈利能力价值（EPV）:$90.40

合理市净率（P/B）:不适用于此类公司

股息折现模型（戈登模型）:$70.23

P/FFO（运营资金）:不适用于此类公司

周期中段收益:不适用于此类公司

市销率法（P/S）:不适用于此类公司

分析师共识:买入 (7B / 14H / 0S)

最近财报超预期:-3.38%

估值指标

市盈率（P/E）

17.86

ROE

9.0%

市净率（P/B）

1.60

P/FCF

毛利率

ROIC

3.1%

盈利能力雷达图

价值创造（经济护城河）

ROIC

3.1%

WACC

4.4%

ROIC − WACC

-1.3 pp

ROIC 低于资本成本：公司每投入一美元都在毁灭价值。

基本面分析标准

通过（11）

EPS shows upward trend
P/B Ratio 1.60
Debt/Equity ratio
Operating Margin 20.5%
Interest Coverage
Low reliance on intangibles
ROE 9.0%
Revenue Growth 5Y 8.3%
Earnings Surprise avg 638.2%
Earnings Quality (OCF/NI) 2.72
Net Margin Trend 11.7% vs 11.3%

未通过（13）

EPS CAGR 4.47%
Price CAGR 2.11%
ROIC 3.1%
Positive Free Cash Flow
Current Ratio
Debt/EBITDA
Return on Tangible Assets
Price below Graham Number
DCF valuation (Overvalued)
Analyst Consensus 33% Buy
PEG Ratio 24.07
Share Dilution 4.7%
Piotroski F-Score 3/9

不可用（4）

Gross Margin NaN%
P/FCF NaN
Dividend Payout NaN%
CapEx intensity

Piotroski F-评分

3/9

存在严重财务隐患

score

criteria

盈利质量

2.72

高质量：盈利有现金流支撑

股权稀释

4.7%

正在发行新股，稀释所有权

机构持股

公司治理

管理团队

姓名	职位	年龄
Mr. Theodore N. Geisler	Chairman of the Board, President & CEO	46
Mr. Andrew D. Cooper	Senior VP & CFO	46
Ms. Shirley A. Baum	Senior VP, Corporate Secretary & General Counsel	51
Mr. Adam C. Heflin	Executive VP & Chief Nuclear Officer of APS	60
Mr. Jacob Tetlow	Executive VP & COO of APS	52
Ms. Elizabeth A. Blankenship	VP, Controller & Chief Accounting Officer	53
Ms. Amanda Ho	Director of Investor Relations	-
Mr. Todd Horton	SVP of Nuclear Regulatory & Oversight of Palo Verde Generating Station for APS	-
Ms. Diane Wood	Assistant VP & Corporate Secretary	-
Mr. Christopher R. Bauer	VP & Treasurer	49

审计风险

董事会风险

薪酬风险

股东权利风险

第二部分 · 价格与买入时机

这一部分不判断公司是否值得拥有：它帮助你在基本面说服你之后，选择何时买入。包含：技术分析、潜力、历史回撤、Gamma 敞口。

文件

年度报告（10-K）
对公司业务、财务业绩和风险的年度概述。
提交日期：2026-02-25
查看文件
季度报告（10-Q）
最近三个月财务表现的最新情况。
提交日期：2026-08-04
查看文件
临时报告（8-K）
关于重大事件（如管理层变动或重要公告）的通知。
提交日期：2026-09-30
查看文件

via SEC EDGAR

损益历史

via SEC EDGAR

Latest News

Recent headlines for PNW, sourced from Markets Gazette.

6/4/2026POSITIVE
Pinnacle West CEO Says Arizona Grid Is Ready to Support AI Growth
Pinnacle West CEO Ted Geisler stated that the company's grid infrastructure is prepared to accommodate the burgeoning demand from AI-driven data centers. Geisler indicated that these data centers are expected to fund the necessary upgrades to the energy provider's grid. This development suggests a significant new revenue stream for Pinnacle West, driven by the substantial energy requirements of artificial intelligence technologies. Investors may view this as a positive catalyst for future growth and profitability, as the company positions itself to capitalize on the AI boom.
2/25/2026NEUTRAL
Pinnacle West (PNW) Q4 2025 Earnings Transcript
Pinnacle West Capital Corporation (PNW) has announced the availability of its Q4 2025 earnings call transcript. However, the detailed content of this transcript has not yet been made public. Investors and analysts are keenly awaiting the company's financial data and future outlook, particularly regarding operational performance and growth strategies within the utility sector. The absence of concrete information prevents the market from forming immediate judgments, maintaining a cautious stance until official data is released, which could influence the stock's valuation.

via Markets Gazette