NYSE:PNW (USA) Also trade in: Germany UK

Pinnacle West Capital Corp

$ 96.67 -0.65 (-0.67%)
On watch
Volume: 567,971 Avg Vol (1m): 850,405
Market Cap $: 10.85 Bil Enterprise Value $: 16.36 Bil
P/E (TTM): 20.70 P/B: 2.08
Earnings Power Value -97.33
Net Current Asset Value -104.02
Tangible Book 44.2
Projected FCF 34.23
Median P/S Value 59.78
Graham Number 68.15
Peter Lynch Value 0
DCF (FCF Based) 0
DCF (Earnings Based) 0
1Y (-%)

Financial Strength : 4/10

GuruFocus Financial Strength Rank measures how strong a company's financial situation is . It is based on these factors
1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.
A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.
Current vs industry vs history
Equity-to-Asset 0.29
Equity-to-Asset ranked lower than
68.15% of 540 companies
in the Utilities - Regulated Electric industry.
Industry Max: 1, Med: 0.37, Min: -36.82
PNW: 0.29
Ranked among companies with meaningful Equity-to-Asset only.
Equity-to-Asset range over the past 10 years
Min: 0.27, Med: 0.3, Max: 0.34
Current: 0.29
0.27
0.34
Debt-to-Equity 1.03
Debt-to-Equity ranked lower than
56.71% of 492 companies
in the Utilities - Regulated Electric industry.
Industry Max: 18.48, Med: 0.93, Min: 0.01
PNW: 1.03
Ranked among companies with meaningful Debt-to-Equity only.
Debt-to-Equity range over the past 10 years
Min: 0.76, Med: 1.04, Max: 1.41
Current: 1.03
0.76
1.41
Debt-to-EBITDA 3.45
Debt-to-EBITDA ranked higher than
54.53% of 486 companies
in the Utilities - Regulated Electric industry.
Industry Max: 602.61, Med: 3.8, Min: 0.01
PNW: 3.45
Ranked among companies with meaningful Debt-to-EBITDA only.
Debt-to-EBITDA range over the past 10 years
Min: 2.55, Med: 2.88, Max: 3.57
Current: 3.45
2.55
3.57
Interest Coverage 4.06
Interest Coverage ranked lower than
55.49% of 528 companies
in the Utilities - Regulated Electric industry.
Industry Max: 16305.77, Med: 4.89, Min: 0.02
PNW: 4.06
Ranked among companies with meaningful Interest Coverage only.
Interest Coverage range over the past 10 years
Min: 2.71, Med: 4.46, Max: 4.98
Current: 4.06
2.71
4.98
Piotroski F-Score 5
0
1
2
3
4
5
6
7
8
9
Altman Z-Score 1.06
DISTRESS
GREY
SAFE
Beneish M-Score -2.52
Not Manipulator
Manipulator
WACC vs ROIC %
ROIC 6.75%
WACC 3.12%

Profitability & Growth : 7/10

GuruFocus Profitability Rank ranks how profitable a company is and how likely the company's business will stay that way.
Current vs industry vs history
Operating Margin % 23.91
Operating Margin ranked higher than
70.79% of 541 companies
in the Utilities - Regulated Electric industry.
Industry Max: 207.01, Med: 14.76, Min: -6925
PNW: 23.91
Ranked among companies with meaningful Operating Margin only.
Operating Margin range over the past 10 years
Min: 19.54, Med: 24.68, Max: 27.53
Current: 23.91
19.54
27.53
Net Margin % 14.06
Net Margin ranked higher than
68.21% of 541 companies
in the Utilities - Regulated Electric industry.
Industry Max: 5650, Med: 8.05, Min: -5723.74
PNW: 14.06
Ranked among companies with meaningful Net Margin only.
Net Margin range over the past 10 years
Min: 2.17, Med: 11.66, Max: 14.06
Current: 14.06
2.17
14.06
ROE % 10.16
ROE ranked higher than
53.78% of 543 companies
in the Utilities - Regulated Electric industry.
Industry Max: 199991.92, Med: 8.66, Min: -1195.01
PNW: 10.16
Ranked among companies with meaningful ROE only.
ROE range over the past 10 years
Min: 2.02, Med: 9.78, Max: 10.16
Current: 10.16
2.02
10.16
ROA % 2.99
ROA ranked lower than
55.07% of 552 companies
in the Utilities - Regulated Electric industry.
Industry Max: 112.53, Med: 3.17, Min: -436.25
PNW: 2.99
Ranked among companies with meaningful ROA only.
ROA range over the past 10 years
Min: 0.58, Med: 2.88, Max: 3.02
Current: 2.99
0.58
3.02
ROC (Joel Greenblatt) % 6.64
ROC (Joel Greenblatt) ranked lower than
69.10% of 547 companies
in the Utilities - Regulated Electric industry.
Industry Max: 2918.52, Med: 9.73, Min: -9636.36
PNW: 6.64
Ranked among companies with meaningful ROC (Joel Greenblatt) only.
ROC (Joel Greenblatt) range over the past 10 years
Min: 6.55, Med: 7.64, Max: 8.54
Current: 6.64
6.55
8.54
3-Year Total Revenue Growth Rate 1.80
3-Year Revenue Growth Rate ranked lower than
53.08% of 520 companies
in the Utilities - Regulated Electric industry.
Industry Max: 227.9, Med: 0.9, Min: -100
PNW: 1.5
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
3-Year Revenue Growth Rate range over the past 10 years
Min: -11.4, Med: 1.7, Max: 23.3
Current: 1.5
-11.4
23.3
3-Year Total EBITDA Growth Rate 2.00
3-Year EBITDA Growth Rate ranked higher than
57.26% of 503 companies
in the Utilities - Regulated Electric industry.
Industry Max: 371.8, Med: 3.7, Min: -100
PNW: 1.7
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
3-Year EBITDA Growth Rate range over the past 10 years
Min: -21, Med: 1.7, Max: 36
Current: 1.7
-21
36
3-Year EPS w/o NRI Growth Rate 5.00
3-Year EPS w/o NRI Growth Rate ranked higher than
59.69% of 454 companies
in the Utilities - Regulated Electric industry.
Industry Max: 207.2, Med: 3.4, Min: -381
PNW: 5
Ranked among companies with meaningful 3-Year EPS w/o NRI Growth Rate only.
3-Year EPS w/o NRI Growth Rate range over the past 10 years
Min: 0, Med: 6.2, Max: 33.8
Current: 5
0
33.8

» PNW's 30-Y Financials

Financials (Next Earnings Date: 2019-08-02)

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Business Description

Industry Utilities - Regulated » Utilities - Regulated Electric    NAICS : 221111    SIC : 4911
Compare TSE:9503 XSGO:ENELAM NAS:LNT XMAD:REE BSP:ELET3 TSX:H BSP:EGIE3 MIL:TRN TSE:9501 NYSE:PCG HKSE:02638 XPRA:CEZ NYSE:OGE PHS:MER SHSE:600795 BSP:CPFE3 XSGO:ENELCHILE BOM:532898 NYSE:EVRG MIL:EDNR
Traded in other countries PWC.Germany 0KIT.UK
Address 400 North Fifth Street, P.O. Box 53999, Phoenix, AZ, USA, 85072-3999
Pinnacle West is a holding company whose principle subsidiary is Arizona Public Service. APS is a vertically integrated regulated utility that provides electric service to 1.2 million customers over a 35,000-square-mile service territory in Arizona, including the city of Phoenix. Approximately 35% of power sold comes from the company's 29% interest in the nearly 4 gigawatt Palo Verde nuclear plant. Operated by APS, Palo Verde is the largest nuclear plant in the U.S. APS will also have invested about $1 billion in utility-scale photovoltaic solar plants when the AZ Sun Program is completed.

Ratios

Current vs industry vs history
PE Ratio (TTM) 20.70
PE Ratio ranked lower than
61.51% of 478 companies
in the Utilities - Regulated Electric industry.
Industry Max: 6747.16, Med: 16.12, Min: 0.23
PNW: 20.7
Ranked among companies with meaningful PE Ratio only.
PE Ratio range over the past 10 years
Min: 9.05, Med: 16.65, Max: 139.21
Current: 20.7
9.05
139.21
Forward PE Ratio 20.08
Forward P/E ranked lower than
59.62% of 156 companies
in the Utilities - Regulated Electric industry.
Industry Max: 56.82, Med: 16.56, Min: 0.07
PNW: 20.08
Ranked among companies with meaningful Forward P/E only.
N/A
PE Ratio without NRI 20.70
PE without NRI ranked lower than
61.20% of 482 companies
in the Utilities - Regulated Electric industry.
Industry Max: 6747.16, Med: 16.23, Min: 0.23
PNW: 20.7
Ranked among companies with meaningful PE without NRI only.
PE without NRI range over the past 10 years
Min: 9.96, Med: 16.38, Max: 69.6
Current: 20.7
9.96
69.6
Price-to-Owner-Earnings 241.07
Price-to-Owner-Earnings ranked lower than
92.72% of 261 companies
in the Utilities - Regulated Electric industry.
Industry Max: 2275, Med: 19.03, Min: 0.76
PNW: 241.07
Ranked among companies with meaningful Price-to-Owner-Earnings only.
Price-to-Owner-Earnings range over the past 10 years
Min: 13.32, Med: 44.85, Max: 2737.59
Current: 241.07
13.32
2737.59
PB Ratio 2.08
PB Ratio ranked lower than
61.11% of 540 companies
in the Utilities - Regulated Electric industry.
Industry Max: 59.24, Med: 1.52, Min: 0.01
PNW: 2.08
Ranked among companies with meaningful PB Ratio only.
PB Ratio range over the past 10 years
Min: 0.75, Med: 1.47, Max: 2.08
Current: 2.08
0.75
2.08
PS Ratio 2.91
PS Ratio ranked lower than
69.03% of 536 companies
in the Utilities - Regulated Electric industry.
Industry Max: 3460, Med: 1.61, Min: 0.01
PNW: 2.91
Ranked among companies with meaningful PS Ratio only.
PS Ratio range over the past 10 years
Min: 0.73, Med: 1.8, Max: 2.91
Current: 2.91
0.73
2.91
Price-to-Free-Cash-Flow 52.60
Price-to-Free-Cash-Flow ranked lower than
100.00% of 260 companies
in the Utilities - Regulated Electric industry.
Industry Max: 1245.83, Med: 17.65, Min: 1.05
PNW: 52.6
Ranked among companies with meaningful Price-to-Free-Cash-Flow only.
Price-to-Free-Cash-Flow range over the past 10 years
Min: 10.6, Med: 38.45, Max: 428.38
Current: 52.6
10.6
428.38
Price-to-Operating-Cash-Flow 8.48
Price-to-Operating-Cash-Flow ranked higher than
55.25% of 438 companies
in the Utilities - Regulated Electric industry.
Industry Max: 401.96, Med: 7.95, Min: 0.26
PNW: 8.48
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
Price-to-Operating-Cash-Flow range over the past 10 years
Min: 2.95, Med: 5.44, Max: 11.33
Current: 8.48
2.95
11.33
EV-to-EBIT 18.12
EV-to-EBIT ranked lower than
57.17% of 502 companies
in the Utilities - Regulated Electric industry.
Industry Max: 3176.97, Med: 14.93, Min: 0.02
PNW: 18.12
Ranked among companies with meaningful EV-to-EBIT only.
EV-to-EBIT range over the past 10 years
Min: 10.4, Med: 13, Max: 28
Current: 18.12
10.4
28
EV-to-EBITDA 10.50
EV-to-EBITDA ranked higher than
59.11% of 516 companies
in the Utilities - Regulated Electric industry.
Industry Max: 47184.2, Med: 10.53, Min: 0.02
PNW: 10.5
Ranked among companies with meaningful EV-to-EBITDA only.
EV-to-EBITDA range over the past 10 years
Min: 6.5, Med: 7.7, Max: 10.6
Current: 10.5
6.5
10.6
EV-to-Revenue 4.38
EV-to-Revenue ranked lower than
69.91% of 535 companies
in the Utilities - Regulated Electric industry.
Industry Max: 2609.33, Med: 2.51, Min: 0.01
PNW: 4.38
Ranked among companies with meaningful EV-to-Revenue only.
EV-to-Revenue range over the past 10 years
Min: 1.8, Med: 2.9, Max: 4.4
Current: 4.38
1.8
4.4
PEG Ratio 6.90
PEG Ratio ranked lower than
77.26% of 277 companies
in the Utilities - Regulated Electric industry.
Industry Max: 383.47, Med: 2.69, Min: 0.03
PNW: 6.9
Ranked among companies with meaningful PEG Ratio only.
PEG Ratio range over the past 10 years
Min: 1.37, Med: 6.54, Max: 80.25
Current: 6.9
1.37
80.25
Shiller PE Ratio 24.74
Shiller PE Ratio ranked lower than
57.41% of 263 companies
in the Utilities - Regulated Electric industry.
Industry Max: 1055.16, Med: 20.93, Min: 0.55
PNW: 24.74
Ranked among companies with meaningful Shiller PE Ratio only.
Shiller PE Ratio range over the past 10 years
Min: 8.34, Med: 18.81, Max: 26.85
Current: 24.74
8.34
26.85
Current Ratio 0.55
Current Ratio ranked lower than
90.63% of 544 companies
in the Utilities - Regulated Electric industry.
Industry Max: 9431, Med: 1.07, Min: 0.02
PNW: 0.55
Ranked among companies with meaningful Current Ratio only.
Current Ratio range over the past 10 years
Min: 0.44, Med: 0.75, Max: 1.28
Current: 0.55
0.44
1.28
Quick Ratio 0.36
Quick Ratio ranked lower than
93.74% of 543 companies
in the Utilities - Regulated Electric industry.
Industry Max: 9431, Med: 0.99, Min: 0.12
PNW: 0.36
Ranked among companies with meaningful Quick Ratio only.
Quick Ratio range over the past 10 years
Min: 0.33, Med: 0.61, Max: 1.14
Current: 0.36
0.33
1.14
Days Inventory 52.41
Days Inventory ranked lower than
82.02% of 484 companies
in the Utilities - Regulated Electric industry.
Industry Max: 702.8, Med: 21.52, Min: 0.06
PNW: 52.41
Ranked among companies with meaningful Days Inventory only.
Days Inventory range over the past 10 years
Min: 39.82, Med: 47.93, Max: 72.61
Current: 52.41
39.82
72.61
Days Sales Outstanding 24.36
Days Sales Outstanding ranked higher than
78.48% of 525 companies
in the Utilities - Regulated Electric industry.
Industry Max: 545.94, Med: 48.56, Min: 1
PNW: 24.36
Ranked among companies with meaningful Days Sales Outstanding only.
Days Sales Outstanding range over the past 10 years
Min: 24.36, Med: 31.18, Max: 37.11
Current: 24.36
24.36
37.11
Days Payable 45.26
Days Payable ranked lower than
63.12% of 507 companies
in the Utilities - Regulated Electric industry.
Industry Max: 949.53, Med: 61.37, Min: 0.02
PNW: 45.26
Ranked among companies with meaningful Days Payable only.
Days Payable range over the past 10 years
Min: 42.98, Med: 49.95, Max: 74.52
Current: 45.26
42.98
74.52

Dividend & Buy Back

Current vs industry vs history
Dividend Yield % 3.00
Trailing Dividend Yield ranked lower than
50.41% of 1105 companies
in the Utilities - Regulated Electric industry.
Industry Max: 82.33, Med: 3.44, Min: 0.01
PNW: 3
Ranked among companies with meaningful Trailing Dividend Yield only.
Trailing Dividend Yield range over the past 10 years
Min: 2.88, Med: 3.98, Max: 8.93
Current: 3
2.88
8.93
Dividend Payout Ratio 0.61
Dividend Payout Ratio ranked lower than
63.99% of 611 companies
in the Utilities - Regulated Electric industry.
Industry Max: 491.25, Med: 0.51, Min: 0.01
PNW: 0.61
Ranked among companies with meaningful Dividend Payout Ratio only.
Dividend Payout Ratio range over the past 10 years
Min: 0.6, Med: 0.63, Max: 0.9
Current: 0.61
0.6
0.9
3-Year Dividend Growth Rate (Per Share) 5.40
3-Year Dividend Growth Rate ranked higher than
51.41% of 354 companies
in the Utilities - Regulated Electric industry.
Industry Max: 102.7, Med: 4.3, Min: -100
PNW: 5.4
Ranked among companies with meaningful 3-Year Dividend Growth Rate only.
3-Year Dividend Growth Rate range over the past 10 years
Min: 0, Med: 4.8, Max: 72.4
Current: 5.4
0
72.4
Forward Dividend Yield % 3.03
Forward Dividend Yield ranked lower than
52.54% of 1081 companies
in the Utilities - Regulated Electric industry.
Industry Max: 82.33, Med: 3.53, Min: 0.01
PNW: 3.03
Ranked among companies with meaningful Forward Dividend Yield only.
N/A
Yield-on-Cost (5-Year) % 3.85
Yield-on-Cost (5y) ranked higher than
55.42% of 1106 companies
in the Utilities - Regulated Electric industry.
Industry Max: 332.77, Med: 3.95, Min: 0.01
PNW: 3.85
Ranked among companies with meaningful Yield-on-Cost (5y) only.
Yield-on-Cost (5y) range over the past 10 years
Min: 3.69, Med: 5.1, Max: 11.45
Current: 3.85
3.69
11.45
3-Year Share Buyback Rate -0.30
3-Year Share Buyback Rate ranked higher than
74.66% of 292 companies
in the Utilities - Regulated Electric industry.
Industry Max: 42.7, Med: -2.7, Min: -899.5
PNW: -0.3
Ranked among companies with meaningful 3-Year Share Buyback Rate only.
3-Year Share Buyback Rate range over the past 10 years
Min: -3.1, Med: -0.4, Max: 1
Current: -0.3
-3.1
1

Valuation & Return

Current vs industry vs history
Price-to-Tangible-Book 2.19
Price-to-Tangible-Book ranked lower than
53.58% of 489 companies
in the Utilities - Regulated Electric industry.
Industry Max: 754.03, Med: 1.82, Min: 0.03
PNW: 2.19
Ranked among companies with meaningful Price-to-Tangible-Book only.
Price-to-Tangible-Book range over the past 10 years
Min: 0.85, Med: 1.4, Max: 2.19
Current: 2.19
0.85
2.19
Price-to-Projected-FCF 2.82
Price-to-Intrinsic-Value-Projected-FCF ranked lower than
75.75% of 367 companies
in the Utilities - Regulated Electric industry.
Industry Max: 126.14, Med: 1.29, Min: 0.06
PNW: 2.82
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
Price-to-Intrinsic-Value-Projected-FCF range over the past 10 years
Min: 0.48, Med: 1.33, Max: 2.82
Current: 2.82
0.48
2.82
Price-to-Median-PS-Value 1.62
Price-to-Median-PS-Value ranked lower than
77.08% of 506 companies
in the Utilities - Regulated Electric industry.
Industry Max: 1075, Med: 1, Min: 0.01
PNW: 1.62
Ranked among companies with meaningful Price-to-Median-PS-Value only.
Price-to-Median-PS-Value range over the past 10 years
Min: 0.32, Med: 0.75, Max: 1.62
Current: 1.62
0.32
1.62
Price-to-Graham-Number 1.42
Price-to-Graham-Number ranked higher than
50.00% of 406 companies
in the Utilities - Regulated Electric industry.
Industry Max: 27.49, Med: 1.29, Min: 0.04
PNW: 1.42
Ranked among companies with meaningful Price-to-Graham-Number only.
Price-to-Graham-Number range over the past 10 years
Min: 0.56, Med: 0.98, Max: 1.67
Current: 1.42
0.56
1.67
Earnings Yield (Joel Greenblatt) % 5.52
Earnings Yield (Greenblatt) ranked lower than
52.09% of 551 companies
in the Utilities - Regulated Electric industry.
Industry Max: 5000, Med: 6.37, Min: -86.21
PNW: 5.52
Ranked among companies with meaningful Earnings Yield (Greenblatt) only.
Earnings Yield (Greenblatt) range over the past 10 years
Min: 3.6, Med: 7.7, Max: 9.6
Current: 5.52
3.6
9.6
Forward Rate of Return (Yacktman) % 3.13
Forward Rate of Return ranked lower than
58.71% of 402 companies
in the Utilities - Regulated Electric industry.
Industry Max: 1132.67, Med: 3.67, Min: -2480.81
PNW: 3.13
Ranked among companies with meaningful Forward Rate of Return only.
Forward Rate of Return range over the past 10 years
Min: -7.6, Med: 2.7, Max: 13.5
Current: 3.13
-7.6
13.5

More Statistics

Revenue (TTM) (Mil) $ 3,739.06
EPS (TTM) $ 4.67
Beta 0.12
Volatility % 12.99
52-Week Range $ 73.41 - 97.92
Shares Outstanding (Mil) 112.1

Analyst Estimate

Piotroski F-Score Details

Piotroski F-Score 5
Positive ROA Y
Positive CFROA Y
Higher ROA yoy Y
CFROA > ROA Y
Lower Leverage yoy N
Higher Current Ratio yoy Y
Less Shares Outstanding yoy N
Higher Gross Margin yoy N
Higher Asset Turnover yoy N