Entergy Texas, Inc. (ETI.P) 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

-160.2%

-$12.67

vs $21.04 price

Levered DCF

-$14.55

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

—

Rating

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	5.88×	9.46×	3.85×	4.21×	49.77×	3.94×	32.4×	29.53×
P/B	2.65×	2.99×	0.36×	1.74×	2.14×	2.55×	2.91×	3.35×
P/S	4.86×	4.87×	0.55×	2.04×	2.8×	3.46×	9.13×	2.97×
EV / EBITDA	16.32×	16.34×	5.86×	11.2×	13.89×	16.47×	23.74×	18.14×
Gross margin	43.2%	41.6%	41.1%	35.6%	36.6%	37.0%	43.8%	34.2%
Operating margin	21.6%	20.8%	21.2%	19.0%	17.2%	15.6%	20.1%	12.9%
Net margin	15.7%	14.3%	14.4%	13.3%	12.0%	13.6%	17.3%	10.1%
Current ratio	0.89×	0.99×	2.04×	1.65×	0.86×	0.7×	0.78×	0.34×
Debt / equity	1.03×	1.06×	1.03×	1.08×	0.95×	1.16×	1.07×	1.06×
Interest coverage	3.31×	3.58×	4.11×	4.77×	3.9×	3.34×	3.46×	2.53×
Dividend yield	0.0%	0.7%	0.2%	2.3%	0.0%	0.6%	1.7%	0.0%
Payout ratio	0.6%	24.2%	0.7%	35.3%	0.8%	14.9%	91.4%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	8.6%	8.8%	9.3%	11.3%	9.2%	10.0%	5.5%	11.4%
Return on invested capital	4.2%	4.2%	4.6%	5.6%	5.1%	4.4%	2.1%	5.3%
Return on assets	3.3%	3.3%	3.6%	4.3%	3.7%	3.5%	2.0%	3.7%
Free cash flow yield	-10.6%	-4.6%	-27.4%	-6.1%	-6.5%	-9.5%	-11.7%	-2.5%
Earnings yield	3.2%	2.9%	26.1%	6.5%	4.3%	3.9%	1.9%	3.4%
Enterprise value	$14.1B	$13.4B	$4.3B	$7.6B	$7.7B	$7.7B	$7.1B	$6.3B
Net debt / EBITDA	4.35×	4.12×	4.35×	4.28×	4.26×	4.78×	6.35×	4.37×
Cash conversion cycle (days)	114	103	146	81	71	80	202	74