What is Eversource Energy (ES) DCF Fair Value and Intrinsic Value in 2026?

Eversource Energy (ES) intrinsic value is calculated using conservative multi-stage Discounted Cash Flow (DCF) models, 5-year free cash flow trajectories, Graham Numbers, and owner earnings multiples. LocalAlpha tracks real-time margin of safety against live market prices.

What is Eversource Energy's historical Return on Invested Capital (ROIC) and Moat Rating?

Eversource Energy operates in the Utilities sector (Utilities - Regulated Electric) with an economic moat rating of NARROW. LocalAlpha tracks 5-year audited quarterly ROIC, operating margin stability, and balance sheet solvency ratios.

What is Eversource Energy's financial health rating and Piotroski F-Score?

Eversource Energy's balance sheet quality is evaluated using the 9-point Piotroski F-Score, Altman Z-Score solvency model, debt-to-equity ratio, and quick/current liquidity coverage to guard against financial distress.

How does LocalAlpha monitor Eversource Energy (ES) for quarterly SEC filing thesis breaks?

LocalAlpha audits Eversource Energy's 10-K, 10-Q, and 8-K regulatory filings on SEC EDGAR within 15 minutes of release. If reported metrics breach an investor's custom ROIC floor, operating margin boundary, or qualitative risk criteria, an autonomous breach audit is dispatched immediately.

StocksES

ES

Eversource Energy (D/B/A)Utilities / Utilities - Regulated ElectricINTACT

Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates through Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution segments. It is involved in the transmission and distribution of electricity; solar power facilities; and distribution of natural gas. The company also operates regulated water utilities that provides water services to residential, commercial, industrial, municipal and fire protection, and other customers in Connecticut, Massachusetts, and New Hampshire. The company was formerly known as Northeast Utilities and changed its name to Eversource Energy in April 2015. Eversource Energy was incorporated in 1927 and is headquartered in Springfield, Massachusetts.

Share Price

$68.52

52W: $62.89 - $76.57

DCF Fair Value

$0.00

0% Premium

Thesis Hub

P/E (TTM)

17.8x

ROIC

17.9%

Operating Margin

23.9%

FCF Yield

3.1%

Debt / Equity

1.81x

Piotroski Score

5/9

Altman Z-Score

2.5

Market Cap

$25.8B

Price vs. Intrinsic Value Corridor

Fair Value Range

Historical market price overlaid against conservative DCF Fair Value & Benjamin Graham Margin of Safety bands.

Period Return (1Y)

—()

Period Range

$— - $—

Valuation Overlays:0 Revised Graham ($93.17) Graham Number ($61.31)

2-Stage Discounted Cash Flow (DCF) Workbench

Conservative intrinsic value model based on owner cash generation over a 10-year investment horizon. Opens with LocalAlpha's baseline assumptions (matching the fair value shown above) — adjust any input to stress-test.

Current Market Price

$68.52

DCF Fair Value

$0.00

-100% Premium

Starting Free Cash Flow ($M)$812M

$100M$812M (Reported)$50,000M

Stage 1 Growth (Years 1-5)11.9%

-5%10% (Target)35%

Stage 2 Growth (Years 6-10)4.5%

0%5%20%

Discount Rate (WACC / Hurdle)9.0%

6%9% (Standard)15% (High Risk)

Terminal Perpetual Growth2.5%

1% (GDP Floor)2.5% (Inflation)4.0%

Net Debt ($M)$28,000M

-$100B CashBalance Sheet+$150B Debt

10-Yr PV of Cash Flows

$8.5B

PV of Terminal Value

$11.8B

Implied Enterprise Value

$20.3B

Implied Equity Value

$-7.7B

Year	Yr 1	Yr 2	Yr 3	Yr 4	Yr 5	Yr 6	Yr 7	Yr 8	Yr 9	Yr 10
Projected FCF ($M)	$909	$1,017	$1,138	$1,273	$1,425	$1,489	$1,556	$1,626	$1,699	$1,775
Present Value (PV)	$834	$856	$879	$902	$926	$888	$851	$816	$782	$750

Benjamin Graham & Buffett Value Models

Classical deep value metrics based on asset backing, normalized earnings power, and owner cash yield.

Graham Number-11.8% Premium

$61.31

Calculated as √(22.5 × EPS × BVPS). The maximum theoretical price a defensive investor should pay based purely on asset book value and current earnings.

EPS: $3.85BVPS: $43.39

Revised Graham Formula+26.5% MoS

$93.17

Formula: V = (EPS × (8.5 + 2g) × 4.4) / Y where g is the conservative 7-10 yr growth rate and Y is AAA Bond Yield.

Growth Rate (g%)

Bond Yield (Y%)

Buffett Owner Earnings3% Yield

$2.05 / share

True distributable cash flow: Net Income + D&A - Maintenance CapEx. Reflects the cash Buffett would extract without hurting unit volume.

Total: $0.8BYield: 3%

Reverse DCF: Market Growth Expectation

FAIR BARRIER

11.8% CAGR (Next 10 Yrs)

At the current price of $68.52, the market is assuming the business will compound Free Cash Flow at 11.8% per year for the next decade with a 9% hurdle rate.

Value Investor Verdict

ℹ Fair expectations: Requires steady execution.

Autonomous Thesis Underwriting

Surveil ES with Mathematical Margin of Safety Rules

Set non-negotiable floor rules for Eversource Energy (D/B/A). If a newly filed quarterly 10-Q breaks your ROIC floor, operating margin boundary, or balance sheet leverage rules, receive an autonomous breach audit within 15 minutes.

Buffett Quality

ROIC > 15% • Margin > 15% • D/E < 0.5x

Margin Floor Guard

Current Margin 23.9% • Floor > 10%

Solvency Guard

Altman-Z > 2.6 • Current Ratio > 1.5x

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Frequently Asked Questions: Eversource Energy (D/B/A) (ES) Intrinsic Valuation

Audited fundamentals, DCF intrinsic value sensitivity, and thesis break detection parameters for Eversource Energy (D/B/A).

Based on institutional multi-stage Discounted Cash Flow (DCF) modeling on audited SEC cash flows, Eversource Energy (D/B/A) has an estimated DCF intrinsic fair value of $0.00 per share compared to its current market price of $68.52. This represents an estimated 0.0% margin of safety (trading below fair value). Additionally, its classic Benjamin Graham Number stands at $61.31.