Entergy Louisiana, LLC COLLATERAL TR MT (ELC) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-417.4%

-$58.25

vs $18.35 price

Levered DCF

-$93.87

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

S+

Overall 5 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	5.14×	8.81×	3.4×	4.09×	7,906.25×	4,977.78×	7,402.86×	6,232.43×
P/B	0.53×	0.62×	0.38×	0.44×	0.62×	0.72×	0.8×	0.72×
P/S	0.7×	0.78×	0.84×	0.3×	1.01×	1.33×	1.19×	0.98×
EV / EBITDA	-1,186.13×	5.38×	7.07×	8.8×	9.55×	8.66×	8.21×	8.56×
Gross margin	66.8%	68.5%	43.7%	38.3%	37.8%	43.0%	36.9%	32.8%
Operating margin	24.7%	22.3%	22.6%	6.6%	18.3%	21.2%	20.8%	15.7%
Net margin	13.6%	8.9%	24.7%	7.4%	12.9%	26.6%	16.1%	15.7%
Current ratio	-20.84×	1.27×	0.59×	0.69×	0.58×	0.86×	0.78×	1.16×
Debt / equity	0.18×	0.65×	0.82×	1.13×	1.33×	1.21×	1.15×	1.15×
Interest coverage	2.27×	2.2×	1.11×	0.96×	1.07×	1.03×	1.1×	0.88×
Dividend yield	6.0%	9.2%	15.3%	15.0%	1.2%	0.4%	4.1%	3.0%
Payout ratio	30.6%	81.4%	52.0%	61.2%	9.2%	2.0%	30.1%	18.9%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	10.4%	7.0%	11.0%	10.8%	8.0%	14.5%	10.8%	11.4%
Return on invested capital	0.0%	6.7%	4.2%	3.4%	3.1%	3.8%	3.7%	3.6%
Return on assets	0.0%	3.5%	4.4%	3.6%	2.4%	4.4%	3.2%	3.4%
Free cash flow yield	6.9%	6.3%	7.1%	-34.8%	-51.2%	-21.0%	-8.6%	-9.8%
Earnings yield	19.5%	11.3%	29.4%	24.5%	12.8%	20.0%	13.5%	16.0%
Enterprise value	-$5.4T	$18.8B	$13.7B	$14.8B	$16B	$13.7B	$12.4B	$11B
Net debt / EBITDA	-1,188.1×	2.72×	4.85×	6.32×	6.5×	5.24×	4.85×	5.26×
Cash conversion cycle (days)	1,132	-170	33	1	-89	-120	17	25