Entergy New Orleans, LLC (ENJ) 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

-189.1%

-$17.16

vs $19.25 price

Levered DCF

-$1.08

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

A-

Overall 4 / 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	5.62×	9.18×	21.06×	71.29×	4.59×	102.2×	96.85×	86.21×
P/B	16.26×	13.91×	5.96×	6.46×	8.05×	8.47×	10.35×	10.3×
P/S	0.76×	0.82×	5.7×	4.55×	0.44×	8.11×	7.51×	6.39×
EV / EBITDA	0×	2.05×	34.87×	25.95×	2.66×	43.27×	44.44×	37.59×
Gross margin	66.8%	68.5%	33.8%	28.2%	100.0%	29.6%	29.4%	28.9%
Operating margin	24.7%	22.3%	8.5%	12.1%	15.7%	10.2%	10.0%	10.3%
Net margin	13.6%	8.9%	27.1%	6.4%	9.5%	7.8%	7.7%	7.4%
Current ratio	1.07×	0.83×	0.6×	0.96×	0.97×	0.71×	0.61×	0.85×
Debt / equity	1.1×	1.07×	0.85×	1.12×	1.25×	1.07×	1.14×	1.09×
Interest coverage	2.27×	2.2×	0.07×	3.54×	2.21×	0.08×	0.09×	0.1×
Dividend yield	11398.3%	4.5%	2.6%	18.9%	15.4%	5.4%	5.3%	0.5%
Payout ratio	64102.0%	41.8%	54.6%	1341.6%	70.9%	560.5%	514.7%	44.7%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	289.2%	151.3%	28.4%	9.1%	175.1%	8.1%	10.6%	11.9%
Return on invested capital	129.5%	93.5%	3.7%	4.3%	82.8%	3.6%	4.3%	5.2%
Return on assets	85.4%	47.5%	10.9%	2.9%	52.0%	2.5%	3.0%	3.4%
Free cash flow yield	-28656.6%	-3.6%	0.8%	-54.6%	-2.7%	-3.1%	-2.0%	-0.5%
Earnings yield	17.8%	10.9%	4.8%	1.4%	21.8%	1.0%	1.0%	1.2%
Enterprise value	$10.4B	$10.4B	$5.5B	$5.3B	$5.9B	$5.8B	$5.7B	$5B
Net debt / EBITDA	0×	0.14×	4.36×	3.81×	0.34×	4.86×	4.37×	3.45×
Cash conversion cycle (days)	-213	-169	-14	56	5	-29	-13	-3