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Definitive Analysis

Financial Statements

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Sector

Page: Dividend Discount Model

Duke Energy Corporation 5.625%

Ticker: DUKB | Industry: Regulated Electric | Sector: Utilities
$24.78 +0.13 (0.53%)
As of: 2026-01-15

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Dividend Discount Models Snapshot

ModelRangeSelected
Stable Growth DDM$158.43 - $267.73$203.14
Multi-Stage DDM$77.83 - $85.21$81.45
Blended Fair Value$142.30
Stock Price$24.82

Dividend History (Last 10 Years)

Metric2024202320222021202020192018201720162015
DPS4.1624.2084.1294.0493.8103.6603.4903.5003.3753.248
YoY %-1.08%1.91%1.95%6.28%4.11%4.86%-0.28%3.71%3.91%2.79%
Yield16.768%16.952%16.634%16.315%15.352%14.745%14.062%14.102%13.597%13.086%

CAGRValue
5 Year2.60%
10 Year2.79%

Discounted Dividend Model - Stable Growth

MetricRangeSelected
LT Growth3.23% to 5.23%4.23%
WACC9.00%9.00%
Fair Value$158.43 - $267.73$203.14

Calculation Details (Millions)

MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(*) Adjusted Net Income4,524.004,524.004,524.00
(=) Cash Required904.80565.50339.30
Cash Retained4,524.004,524.004,524.00
(-) Cash Required-904.80-565.50-339.30
(=) Excess Retained3,619.203,958.504,184.70
(/) Shares Outstanding772,000,000772,000,000772,000,000
(=) Excess Retained per Share4.695.135.42
LTM Dividend per Share4.1624.1624.162
(+) Excess Retained per Share4.695.135.42
(=) Adjusted Dividend8.8509.2909.583

Multi-Stage Projections (BASE Case - Millions)

MetricTTMYear 1Year 2Year 3Year 4Year 5
Net Income4,524.004,715.524,915.155,123.235,340.125,566.19
Payout Ratio71.0%25.0%41.0%57.0%73.0%90.0%
Projected Dividends3,213.001,178.882,015.212,920.243,898.295,009.57

Multi-Stage Valuation (Millions)

Present ValuesLOWBASEHIGH
Year 1 PV1,118.331,129.161,140.00
Year 2 PV1,737.031,770.851,804.99
Year 3 PV2,287.142,354.252,422.66
Year 4 PV2,774.182,883.242,995.49
Year 5 PV3,239.283,399.243,565.46
TV PV48,926.6451,342.7153,853.29
Equity Value60,082.6062,879.4565,781.88
Fair Value$77.83$81.45$85.21
Stock Price$24.82$24.82$24.82

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