Is Dominion Energy, Inc (D) a good stock to buy?

Price through Oct 6 market close · SEC data refreshed today ⓘ · Not investment advice
Dominion Energy, Inc
D Utilities Electric Utilities📄 SEC filings ↗ CUSIP 25746U109
Deeply overvalued by model
Estimate is sensitive to cash-flow normalization, leverage and industry risk.
Passes every check ●●●●●

Everything we have tested points the right way. That is a reason to look closer, not a reason to buy — these are frequencies about groups of companies in the past, not a statement about this one.

What each rating means, in numbers

Can it survive? — Safe. Safer than 75% of the companies we cover, judged on the warning signs that came before companies that really did fail.

Business quality — Strong. Passes 6 of the 8 health checks we can measure — things like making a profit, turning it into cash, and not piling on debt. Across 131,000 company-quarters the weakest scorers went on to fail at 5.4% against 1.4% for the strongest, in every era and all twelve sectors.

How wild is the price? — Very calm. The share price swings about 22% in a typical year, which puts it in the calmest fifth. Out of every 100 companies that swung like this, about 0.3 went bankrupt within the year. Across the three periods we tested that ran from 0.1% to 0.7%.

What "tested" means here, and why there is no score out of 100

Tested means the read was measured against what actually happened afterwards, on a history that keeps the companies that were later delisted, using only figures that had been filed on the day they are used. Survival was ranked on companies that really did fail. What an owner keeps was tested across the universe from 2011 to 2025.

The full record of everything we have tested is on the research pages.

Which benchmark. Over the period we tested, the median listed company returned +5.8% a year while the S&P 500 returned about +13.9% — the index is weighted by size and was carried by a handful of enormous winners. So "beats the index" and "beats the other companies you could have bought" are different questions. Where a read says it picks better companies, it means the second one. None of these gets you an index fund's return, and we would rather say that than imply otherwise.

The quality read is the strongest thing we have tested: 131,000 company-quarters across 5,300 companies, where the weakest scorers went on to fail at 5.4% against 1.4% for the strongest, holding in every era and all twelve sectors. It still says less likely to break, not likely to beat the market — every band in that study lost to the index at the median, because the median listed company does.

Each read is shown on its own rather than merged into a single score, so you can see which part is strong and which is weak instead of taking an average on trust.

▾ What goes into the smart-money reading
Valuation (price vs model IV) (40%) 92/100 → +36.8
Smart money (short interest + insider buying) (30%) 45/100 → +13.5
Macro backdrop (VIX, curve, credit, fear/greed + week-over-week momentum) (30%) 28/100 → +8.4
early-warning: macro conditions deteriorating week-over-week
Total59/100

Contributions (weight × component score) sum to the total. This near-term score now includes fundamental health (leverage, FCF trend, DCF applicability). See the Financial Health section for the full balance-sheet read.

💵 Price $62.00 · through Oct 6 market close 📄 Financials SEC EDGAR · refreshed today
Business type Regulated utility ⓘ Regulated utility — valued on P/Book, dividend yield, payout, allowed-ROE earnings power
8%
vs 14% normally
Low
The market, not this company tested

Chance the S&P 500 falls 10% or more in the next three months.

Counted from every day since 2006. Says nothing about D — see the board for how it is measured.

📍 Where to start on this page, and what to look at first

How to read D (regulated utility)

A regulator sets what a utility can earn, so its value tracks book value, dividend yield and payout — not a free-market DCF.

Where to start — the sections that matter most for this stock
  1. 1 Utility lens (P/B, yield, payout) ↓
    These are the metrics utility-fund managers actually use.
Or — what are you trying to decide?
A note on process: fear-driven decisions — including fear of missing out — tend to be the expensive ones. A stock up 10% a day for three days is excitement, not evidence. Whichever reader you are, the data below is there to be checked before anything is decided.
🚀
"It's surging — should I chase it?"
The momentum / FOMO trade. Before you chase, see whether the people who know it best are quietly selling into the rally.
⚖️
"Is it worth what it costs?"
The valuation trade. Our DCF, the growth the price implies, and a calculator you drive yourself.
🏷️
"Is it a cheap bargain?"
The deep-value trade. How far below assets and our value it trades — and whether it's cheap for a reason.

Is Dominion Energy, Inc (D) overvalued?

Macro: Neutral / mid-cycle

Yes, by our measure: the price is about 71% above what we think the business is worth.

D trades at $62.00 vs an estimated intrinsic value of $36.35 — a +70.6% premium to model IV.

Discount-rate sensitivity: $36.35 – $45.50 (Overvalued → Deeply overvalued)
8.5% (higher required return) → $36.35 · 7.0% (lower) → $45.50
how is this calculated?
Pegged to beta 0.35 (cost of equity 8.5%); sector/quality cross-check at 7%.
Margin of safety
None — price is above our value
Macro regime
Neutral / mid-cycle
No extreme readings in either direction. Stock selection matters more than macro positioning right now.

Not investment advice. The model can be wrong. Verify the assumptions in the sections below and consider consulting a licensed advisor for significant decisions.

What return would D pay as a bond?

Not measurable here. Valued on the dividend stream: the dividend itself is this security's coupon, and its yield is shown in the dividend lens. See the cross-company ranking →

ⓘ Why does D trade at $62.00?

Dominion Energy, Inc has 855.3 million shares outstanding. At $62.00 per share, the market values all outstanding D equity at $53.0 billion. That's market capitalization, not enterprise value — enterprise value also accounts for debt and cash — and it matters here because D carries substantial debt. The share price by itself tells you almost nothing — a company can pick any share price by splitting or issuing more shares. What matters is the total value (Market Cap?Market Cap — The total dollar value the market is assigning to the entire company.
Why it matters: This is the number that actually matters when comparing companies. Two companies with the same business but different share counts have the same market cap.
Reference: Mega cap >$200B · Large $10–200B · Mid $2–10B · Small $300M–2B · Micro <$300M
Full explanation →
) compared to what the business actually produces. This page values D in Per Share?Per Share — A company-level figure divided by total shares — what one share represents.
Why it matters: Per-share metrics are the only way to fairly compare two companies with different share counts.
Full explanation →
economics — what each share represents of the underlying business. Play with the share-price calculator on the homepage →

Loading insider & short-seller data…

Who owns D, and how it moves

From the SEC's own filings: every fund manager over $100M reports its holdings each quarter, and every officer and director reports theirs. Each point is what was public at the time.

-0.08×
Moves with the market
Over the last year, a 1% move in the S&P 500 came with about a 0.1% move in D, in the opposite direction.
0.83×
Moves with its sector (Utilities)
The same measure against the XLU sector fund over the last year.

Safer than 75% of the stocks we cover

Failure risk
Safe
●●●●●
Rank 26 of 100
Went bankrupt within a year
<0.1%
●●●●●
Average company: 0.6%
What this rating means, and what it does not

What this rank is — Safe. Safer than 75% of the companies we cover. Out of every 100 companies ranked here, about <0.1% went bankrupt within the year, against 0.6% for the average company we cover. The rank comes from a model trained on every US filing since 2012, including 823 companies that really did fail, and scored each year by a version that had not seen that year.

What it is not — Not a trade. We tested shorting these names and buying puts, spreads, straddles and condors on them at real option prices, 2010-2025. Every version lost money: the market already prices the distress and the survivors squeeze. A high rank is a reason to read the filings and to size for a total loss, not a reason to bet against the company. A low rank says the balance sheet is calm, not that the price is sensible.

▾ The numbers, the logic, and why not to trade on it

The logic. A model trained on every US filing since 2012 — including 823 companies that went bankrupt or stopped trading under a dollar — ranks each covered stock by its chance of failing in the next year, from its latest filing, price history and credit conditions. The rank is a position among peers; the table is a count of what happened to stocks in each position, scored each year by a model that had not seen that year.

Rank band went bankrupt within 12 monthsfell 80% or more (or failed) within 12 monthsfell 50% or more (or failed) within 6 months
All covered stocks (average) 0.59% 4.21% 8.51%
Utilities (sector average) 0.09% 1.36% 3.61%
riskiest 1% 16.4% 33.0% 45.5%
next 2% (97-99) 5.9% 24.9% 38.2%
next 2% (95-97) 3.4% 21.2% 33.8%
next 5% (90-95) 1.6% 15.1% 27.3%
next 15% (75-90) 0.8% 8.5% 17.8%
next 25% (50-75) 0.2% 2.7% 6.2%
safest half ← this stock <0.1% 0.5% 2.1%

Why not to trade on it. We tested shorting these names and buying puts, spreads, straddles and condors on them at real option prices, 2010–2025: every version lost money. The market already prices the distress, and the survivors squeeze. Use a high rank to read the filings and to size for a total loss — not to bet against the company. A low rank says the balance sheet is calm, not that the price is sensible.

Scored from the filing of 2026-05-04; table generated 2026-09-18. Within Utilities: rank 63 of 100. Rough one-year odds for this stock alone: bankruptcy 0.1%, an 80% fall 0.3% (the model overstates the middle of the range).

Takeover odds: higher than 12% of the stocks we cover. Companies ranked here were acquired within a year 3.0% of the time (average 4.6%).
▾ The logic, and why not to buy on it

The logic. Trained on 2,900 acquisitions since 2012, the model leans on size (small), age, retained earnings, asset growth, volatility and how many deals the sector has just seen. Announcement = the day the stock jumped, not the day the paperwork was filed.

top 1% 15.4% acquired within a year
next 2% (97-99) 10.3% acquired within a year
next 2% (95-97) 9.0% acquired within a year
next 5% (90-95) 7.3% acquired within a year
next 15% (75-90) 6.4% acquired within a year
next 25% (50-75) 4.8% acquired within a year
bottom half ← this stock 3.0% acquired within a year

Why not to buy on it. A takeover paid a median +22% on the day — but even in the top band about 6 in 7 companies are not bought, and those lag. Buying the whole top list returned what the S&P 500 did (2012–2023), and adding "cheap" or "beaten-down" filters did not change that. Read it as context for a thesis you already have, never as the thesis.

Checking filings for failure warnings…
Price against our valuation methods
Above every method
●●●●●
2 methods compared
What this rating means

What the rating says — Above every method. The current price sits ABOVE the high end of every method. The market is paying a premium to all of these lenses — it expects materially better growth or margins than the models assume.

What it does not say — Not a forecast. This shows where today's price sits against several different ways of valuing the business. Where the methods disagree, the spread itself is the useful part - it tells you how much the answer depends on which one you trust.

No method wins for this kind of company. We tested each of these inside this business type and none separated better than the others by enough to trust, consistently, across periods. Read the spread below as how much the methods disagree — which is worth seeing — and not as a ranking.

Football field: where does the price sit?

Different valuation methods produce different fair-value ranges depending on assumptions. Plotting them together lets you see at a glance whether the current price is reasonable across approaches, or only one specific lens.

$21$33$44$55$66Current price $62.00If FCF grew -5%/yr → 8%/yr (flat 10-yr DCF sweep; model assumes 1.5%)$23.36$60.46Our model's scenarios (conservative → optimistic; ◆ base, ● weighted 40/35/25)$31.23$43.70weighted $36.35base $36.96
The current price sits ABOVE the high end of every method. The market is paying a premium to all of these lenses — it expects materially better growth or margins than the models assume.

Industry multiples sourced from: industry similar to Utilities. See the Peer Basket section below for the peer comparison and its limited-comparables caveat.

How does D stack up against its closest peers?

We take the 8 same-industry companies most similar to D (similar size) and check what investors are paying for each dollar of their revenue (or profits). If D is much more expensive on the same yardstick, that's a red flag — unless you have a specific reason it deserves a premium. For a leveraged business, EV/EBIT and FCF yield (both in the table) are usually more reliable than EV/Sales, because revenue multiples ignore differences in margins and debt.

▾ What's "EV / Sales" in plain English?

EV (Enterprise Value) = market cap + total debt − cash. It's "what you'd pay to buy the entire company outright" — you pay the market cap to shareholders and take over their debt, but you keep their cash. EV is fairer than market cap alone because it includes the debt the new owner inherits.

EV / Sales = EV ÷ annual revenue. So "2.5×" means investors pay $2.50 of enterprise value per $1 of yearly sales. Higher = market is paying more per dollar of sales (usually because they expect future growth or fat margins).

p25 / median / p75 are the 25th, 50th (middle), and 75th percentile of the peers' multiples. Half the peers fall between p25 and p75. The median (p50) is the typical peer — that's the benchmark we compare to.

What peers trade at (p25 / median / p75)
EV / Sales?EV / Sales — For every $1 of yearly revenue, this is how many dollars investors pay to own the whole business (including debt).
Why it matters: Works for pre-profit growth companies where P/E and FCF don't apply. The most apples-to-apples cross-company multiple because it ignores accounting choices.
Reference: 1–3x for mature companies · 4–10x for software/SaaS · 10–20x for hypergrowth · >20x is rare and demanding
Full explanation →
4.0x / 4.7x / 5.8x
EV / EBIT?EV / EBITDA — Enterprise value divided by earnings before interest, tax, depreciation, and amortization.
Why it matters: A classic "what would a private buyer pay" multiple — used in M&A. Strips out tax and capital-structure noise.
Reference: 8–12x for mature businesses · 15–25x for growth · Below 5x often signals distress
Full explanation →
16.9x / 23.5x / 33.1x

Bold middle number = median peer. Half the peers trade above it, half below. Computed over 8 same-industry peers; implausible multiples excluded.

Peer-implied value check
$35.95
If D traded at the typical (median) peer's EV/Sales multiple, the share price would be about $35.95.
Plain English: the stock currently trades at $62.00. That's 72.5% MORE than the peer multiple suggests. The market is paying a big premium — D looks expensive vs peers. Either the market thinks this stock deserves a premium (faster growth, better margins, brand moat), or it's overpriced.

⚠️ Important caveat: peer multiples only work if the peers are genuinely comparable. Always check the peer list below — if the auto-picker grabbed micro-caps or unrelated businesses, the comparison is noise. A medical-device giant priced against tiny biotech startups won't produce a useful signal.

▾ View peer list (8)
Ticker Company Industry Mcap EV/Sales EV/GPEV/EBIT FCF Yield
VST Vistra Corp. Electric Utilities $53.9B 4.0x —37.2x 0.6%
SOMN SOUTHERN CO Electric Utilities $51.5B 4.2x —16.9x 6.4%
ETR ENTERGY CORP /DE/ Electric Utilities $47.3B 6.0x —24.2x 2.4%
AEP AMERICAN ELECTRIC POWER CO INC Electric Utilities $65.4B 5.2x —21.2x 3.1%
PPLC PPL Corp Electric Utilities $33.4B 5.8x —24.6x 2.5%
SO SOUTHERN CO Electric Utilities $94.5B 5.6x —22.8x 3.5%
CEG Constellation Energy Corp Electric Utilities $94.8B 4.0x —33.1x 0.1%
SOJF SOUTHERN CO Electric Utilities $28.5B 1.0x —3.9x 10.8%

Regulated rate-base economics

Regulated utilities earn a state-approved "allowed ROE" (typically 9-10%) on their regulated rate base. The business is engineered for stability — DCF can't price that properly because earnings are administratively set, not free-market. The right metrics are P/B, dividend yield, and payout ratio — what most utility-fund managers actually look at.

P / Book
1.82×
Book $34.00/sh
P / E
18.0×
17-22× = typical utility
ROE
10.1%
9-10% = allowed ROE
Modest premium — supported by stable rate-base growth

Note: For utilities, ROE comfortably above the regulator's allowed ROE (~9-10%) is the sign of operational efficiency. Big premium to book (>2×) generally requires accelerating rate-base growth — common drivers: grid modernization, renewables transition, or population/load growth in service area.

Quality & solvency checks

Cheap stocks can be cheap for a reason. These screens warn when a low valuation comes paired with structural fragility.

Business quality
Strong
●●●●●
Passes 6 of 8 checks
What these health ratings mean, in numbers

Business quality — Strong. Passes 6 of the 8 health checks we can measure — making a profit, turning it into cash, not piling on debt, not issuing shares. Across 131,000 company-quarters the weakest scorers went on to fail at 5.4% within a year against 1.4% for the strongest, and that held in every era and all twelve sectors. It says "less likely to break", not "likely to beat the market".

The workings
Altman Z-Score?Altman Z-Score — A bankruptcy-risk score combining 5 financial ratios into one number. Predictive of bankruptcy within 2 years.
Why it matters: Cheap-looking stocks (low P/E or P/B) often have low Z-scores because the market knows the company is dying. Z-score warns you before you fall into a value trap.
Reference: > 3.0 = safe zone · 1.81–3.0 = grey zone · < 1.81 = distress zone
Full explanation →
Limited Reliability for Utilities

Regulated utilities carry high leverage backed by long-life assets and regulator-set rate-base returns — Altman Z flags both as distress signals even when the business is stable. See the Utility Lens above for the metrics that matter (P/B, dividend yield, payout ratio).

Piotroski F-Score?Piotroski F-Score — A 9-point quality checklist scoring profitability, leverage, and operating efficiency.
Why it matters: High score = fundamentals improving. Low score = deteriorating. Especially powerful for filtering cheap stocks: cheap + high F-score historically outperforms; cheap + low F-score is often a value trap.
Reference: 7–9 = strong · 4–6 = mediocre · 0–3 = weak
Full explanation →
Not Applicable

Piotroski F's checks (operating cash flow, gross-margin trend, current ratio, asset turnover) assume an industrial cost structure, so they misread asset-heavy or financial businesses like this one — a healthy REIT, utility, pipeline, BDC/fund or holding company can score low for reasons that aren't weakness. See the sector lens above for the metrics that actually matter.

What if you assume different inputs?

Here's where we land — and what happens if you change the assumptions. Drag the sliders to set your own Discount Rate?Discount Rate — The annual return you demand for taking single-stock risk instead of buying a safe Treasury or index fund.
Why it matters: Higher discount rate = stricter valuation (a stock has to produce more cash to be worth holding). Lower = more generous.
Reference: 8–12% is standard · 9–10% matches S&P 500 historical return · Below 7% is illogical for single-stock risk
Full explanation →
(the annual return you demand for single-stock risk) and terminal growth; the value updates live so you can see whether the stock looks cheaper or richer. The discount rate starts at 8.5%, the figure our model used for D. Open Advanced to also change beta, growth and the rate path.

Note: the calculator opens at our published value of $36.35 — it is initialised to the same scenario-weighted result, so the two match exactly on load. The moment you move a slider, the value below becomes a single-path what-if at your assumptions (not the three-scenario weighting), which is why it can differ from the headline once you've touched it.

Scenario-weighted model IV (40/35/25 assumed weights)
$36.35
It trades at
$62.00
Premium to model IV
+70.6%
Price is 71% above model IV — it looks overvalued. Change the assumptions below to see what would justify today's price.
We value this stock at two discount rates and report the range between them:
8.5% — beta-based (CAPM), from this stock's Beta?Beta — How much the stock moves when the overall market moves. 1.0 = moves with the market; 1.5 = moves 50% more than the market.
Why it matters: Higher beta = more volatile = should demand higher discount rate. Low beta stocks (utilities, consumer staples) move less.
Reference: Most stocks 0.5–1.5 · Defensives ~0.3 · High-vol tech ~1.5–2.0
Full explanation →
of 0.35.
The safe Treasury rate plus a premium scaled by how much more (or less) volatile the stock is than the market.
7.0% — sector/quality tier. A simpler hurdle set by industry and business durability: lower for stable, wide-moat companies; higher for speculative or micro-caps.
The headline value and this calculator start at 8.5% — the beta-based rate. Drag the slider to the other rate to see the full range.
4.5% (risk-free)9-10% normal18% (deep-risk)
0%2-3% (GDP)5% (rarely sustainable)

A full intrinsic value isn't shown for D because it's valued with a dividend-discount model this quick calculator doesn't replicate — see our published value above and the sector lens for the right metrics.

For comparison — the FCF growth today's price already assumes
—
—

—

⚙ Advanced — tinker with every input (beta, growth, rate path, margin → full intrinsic value)
Where the discount rate comes from — discount rate = risk-free + beta × equity-risk-premium
What you'd earn risk-free from government bonds — the floor under every other rate. Slide it down to model the market expecting rate cuts (value rises); up for higher-for-longer.
The extra yearly return investors demand for owning stocks instead of safe bonds — the price of risk. History runs ~4.5–6.5%; we default to 5.5% (slightly conservative). It's an estimate, not a law — lower it if you think equities are less risky than that.
Inflation reduces the purchasing power of a nominal return: a 9% gain at 3% inflation is about 6% in real terms. The intrinsic value above is already in today's dollars (a nominal DCF carries inflation in both the growth and the discount rate), so this switch does not change the value — it restates the return in real terms.
Higher beta → higher discount rate (sets the rate above). 1.0 = moves with the market.
What you think D can grow FCF for ~5 years, then fades to terminal.
All inputs start at the values our model used.

    Copy shareable link to this scenario →

    Price$62.00
    Model IV$36.35
    Premium to IV+70.6%
    DCF applicabilityMedium
    Return to IV (3yr, annualized)-16.3%

    Dominion Energy, Inc. is deeply overvalued; the price is 70.6% above intrinsic value?Intrinsic Value — Our DCF model's estimate of what each share is mathematically worth based on projected cash flows.
    Why it matters: Compare to current price. Below IV = potentially undervalued. Above IV = priced for growth that must actually happen.
    Reference: Model-derived; quality depends on data and assumptions.
    Full explanation →
    (a 70.6% premium). The market is paying up for consistent profitability and revenue growth, despite a declining free cash flow?Free Cash Flow (FCF) — Operating cash flow minus capital spending: cash left after a company covers operating costs, taxes and interest and reinvests in the business — but BEFORE repaying debt principal or paying dividends. The cash actually available to investors.
    Why it matters: A company can show big profits on paper while burning through cash. FCF is what actually fills the bank account.
    Reference: Healthy mature businesses convert 8–15% of revenue into FCF · Growth companies often negative
    Full explanation →
    and increasing debt. The biggest risk that our model's base assumptions prove too high is the continued decline in free cash flow, which was -$7.7 billion in the latest fiscal year.

    ⚠️ Dividend: last fiscal-year DECLARED dividend per share from the filing ($2.67/yr, us-gaap:CommonStockDividendsPerShareDeclared).

    As of today

    Anatomy of a share

    What you're buying per share. Bars are at the same scale so you can see the relative size of revenue, costs, cash flow, and debt — not just read them in a table.

    D Dominion Energy, Inc stock anatomy showing per-share revenue, operating expenses, free cash flow, and debt
    18.2%
    profit
    Where each $1 of revenue goes
    Net profit — 18.2¢ of every dollar ($3.51/sh = latest fiscal-year net income ÷ current shares. The table below shows GAAP diluted EPS of $3.45, computed on that year's weighted-average diluted shares — the share count moved, which is why they differ)
    Costs & taxes — 81.8¢ (on $19.30 revenue/sh)
    Net margin = net income ÷ revenue (most recent fiscal year).
    Plain English: each share (at $62) represents $19.30 of revenue per share per year, $3.51 of net income per current share, and $-8.95 of owner-earnings free cash flow per current share (latest fiscal year) from the latest fiscal year. Each share carries $54.35 of total debt (interest-bearing borrowings, current + long-term). The DCF does not start from that single year — it instead starts from a TTM dividend of $2.67 per share to capture a full cycle.
    What's free cash flow / what do these mean?

    Revenue per share — how much the business earns from customers, divided by the number of shares outstanding. Top of the income statement.

    Earnings per share — profit left after operating costs, interest, and taxes, per share. Two versions appear on this page and are not interchangeable: GAAP diluted EPS uses the company's weighted-average diluted share count during the reporting period (this is the "earnings" in "price-to-earnings"); net income per current share divides annual net income by today's share count. They differ whenever the share count has changed.

    Owner-earnings free cash flow per share — the cash the business produces for shareholders. Savng's owner-earnings FCF subtracts capital expenditures and stock-based compensation from operating cash flow (SBC is a real dilution cost even though it's non-cash). This is deliberately more conservative than "standard" FCF, which subtracts only capital expenditures — so our figure is lower than the headline FCF you'll see elsewhere. FCF funds dividends, buybacks, debt repayment, and acquisitions; a company can report positive earnings yet negative FCF.

    Debt per share — total interest-bearing borrowings divided by shares. High debt-per-share next to thin FCF-per-share is a fragility signal.

    What you actually need to decide

    Every stock price is a disagreement. Here's the single thing that must go right for the bulls, the single thing that breaks the thesis, and the concrete signposts to watch so you can update your view as real results arrive.

    🐂 The Bull Case
    The bull case relies on Dominion Energy's ability to stabilize or grow its underlying cash flow around the modeled business rate of +1.5%, while managing its rising long-term debt and maintaining its dividend payout.
    🐻 The Bear Case
    The bear case centers on the risk that free cash flow?Free Cash Flow (FCF) — Operating cash flow minus capital spending: cash left after a company covers operating costs, taxes and interest and reinvests in the business — but BEFORE repaying debt principal or paying dividends. The cash actually available to investors.
    Why it matters: A company can show big profits on paper while burning through cash. FCF is what actually fills the bank account.
    Reference: Healthy mature businesses convert 8–15% of revenue into FCF · Growth companies often negative
    Full explanation →
    , which was -$7.7 billion in the latest fiscal year, continues to decline from its current negative level, further exacerbating the company's leverage and liquidity challenges, as indicated by a current ratio of 0.77.
    📌 Signposts to watch — update your view as these print
    • Stabilization or improvement in free cash flow
    • Reduction in long-term debt
    • Improvement in current ratio above 1.0

    The trend, in plain numbers (FY2024 → FY2025, latest reported)

    Straight from the financial statements — no model, no opinion. For a small or unprofitable company, the direction of these numbers usually tells you more than any single valuation.

    ✅ Improving
    • Revenue grew +14% to $16.51B.
    • Net income grew +47% to $3.00B.
    ⚠ Worsening
    • Free cash flow is negative at -$7.65B — the cash burn widened vs last year.

    Management & Leadership

    Robert M Blue serves as the Chair, President, and CEO, while Steven D Ridge is the Executive Vice President and CFO. Other key officers include Gary G Ratliff, VP, Controller and CAO, and William Keller Kissam, President - Dominion Energy SC.

    Robert M Blue
    Chair, President and CEO — Chief Executive Officer (per SEC Form 4, 2026-02-27)

    Chair, President and CEO

    Steven D Ridge
    Exec. Vice President & CFO — Chief Financial Officer (per SEC Form 4, 2026-02-27)

    Exec. Vice President & CFO

    Gary G Ratliff
    VP, Controller and CAO (per SEC Form 4, 2026-02-27)
    William Keller Kissam
    President - Dominion Energy SC (per SEC Form 4, 2026-02-27)
    Eric Carr
    CNO and Pres. Nuc. Ops. and CE (per SEC Form 4, 2026-02-27)
    Regina J Elbert
    SVP, Chief Legal & HR Officer (per SEC Form 4, 2026-02-27)

    What They Make

    Dominion Energy, Inc. is an electric utility company that generates, transmits, and distributes electricity. Their primary payers are residential, commercial, and industrial customers for electricity and natural gas services.

    End Markets

    Residential electricityCommercial electricityIndustrial electricity

    Revenue Drivers

    Electricity sales
    Natural gas sales
    Transmission services
    Market Cap: 53.0BBeta: 0.35

    Why Is It Priced Like This?

    Why Customers Pay

    Reliable electricity supply
    Natural gas distribution
    Essential utility services
    Intrinsic Value$36.35
    Premium to IV +70.6%
    Return to IV (3yr, annualized) -16.3%

    The market prices D at a premium of +70.6% to the model's intrinsic value?Intrinsic Value — Our DCF model's estimate of what each share is mathematically worth based on projected cash flows.
    Why it matters: Compare to current price. Below IV = potentially undervalued. Above IV = priced for growth that must actually happen.
    Reference: Model-derived; quality depends on data and assumptions.
    Full explanation →
    , likely due to its consistent profitability, with net income being positive for 5 out of 5 years, and revenue growing at 9.6%/yr over 4 years. However, this optimism exists despite a current ratio of 0.77, indicating current liabilities exceed liquid assets, and long-term debt rising from $37,426M to $46.5 billion.

    Three Scenarios, Weighted
    ScenarioIVUpside from today's priceWeight
    Conservative$31.23-49.6%40%
    Base$36.96-40.4%35%
    Optimistic$43.70-29.5%25%
    Weighted$36.35-41.4%100%

    Reading the last column: it is the move from today's price to each value (IV ÷ price − 1). The headline "premium/discount to model IV" measures the same gap from the value's side (price ÷ IV − 1), so the two percentages differ in size and sign by construction — e.g. a price 8% above value is a value 7.4% below price.

    Business Model & Valuation

    How They Make Money

    Electricity generation and distribution
    Natural gas transmission and distribution
    Energy marketing and trading

    The company declared a dividend of $2.67/yr per share in the last fiscal year, with a 5-year growth rate of 1.5%/yr, and funds itself through a combination of debt and equity, as evidenced by rising long-term debt.

    Dividend Discount Medium

    Utility (Electric Utilities): dividend discount model - growth is regulated and yield is the primary driver.

    In plain English: we estimate D's value by projecting its dividend payments into the future and converting it back to what it's worth today. We start from $2.67 per share (TTM dividend), assume it grows 1.5% per year for about 5 years (then gradually fades), and discount everything at 8.5% — the yearly return a buyer should demand for this much risk. After that it's assumed to grow 1.0% per year forever (kept below long-run economic growth — the terminal rate fades from the near-term growth above, so a low near-term rate produces a low perpetual rate). A higher discount rate or slower growth means a lower value, and vice-versa — change any of these yourself in the calculator above.
    Dividend / share$2.67TTM dividend — smoothed, not the latest single year
    Growth (g₁) — 5yr1.5%Source: historical CAGR + sector defaults
    Discount Rate (r)8.5%
    Terminal Growth (gT)1.0%
    Show advanced inputs

    What this model does NOT do: this is a consolidated owner-earnings FCF model. Standalone segment assumptions: none. It does not project rate-base growth, allowed ROE and dividend growth independently; their combined effect is embedded in the historical revenue and cash-flow trend the model extrapolates. The calculator above can only approximate a segment's impact through the single consolidated growth rate — it cannot model any one line separately. For a true segment-level view, build a separate model from the company's segment disclosures.

    Maturity & Competitive Position

    Dividend compounder

    Moat Signals

    Regulated utility monopolies
    High barriers to entry for new competitors
    Essential service provision

    Revenue has been growing at 9.6%/yr over 4 years, from $11,419M to $16.5 billion.

    Geography & Markets

    Dominion Energy, Inc. operates primarily within the United States, providing electricity and natural gas services across multiple states. Specific geographic mix percentages are not available in current filings.

    Geographic Risks

    Regulatory risk due to operating in a regulated utility environment
    Interest rate risk due to substantial long-term debt of $46.5 billion

    Market Signals

    These are timing signals, not value signals — they describe the stock's recent price behavior, not what the business is worth. Use them for the "the thesis looks good, but is now the moment?" question. Each tile below explains what it's saying.

    Model bearish, tape neutral
    RSI?RSI — Relative Strength Index — a 0-100 momentum gauge. Above 70 = overbought; below 30 = oversold.
    Why it matters: Short-term contrarian indicator. Extreme readings often precede mean reversion, though not always.
    Reference: 30–70 normal · >70 overbought · <30 oversold
    Full explanation →
    (14)
    41.9NeutralMomentum is balanced — neither overbought nor oversold.
    MACD?MACD — Moving Average Convergence Divergence — compares a fast and a slow price trend to gauge momentum direction.
    Why it matters: When the fast line crosses above the slow line, short-term momentum is turning up; below, turning down. A timing cue, not a value signal.
    Reference: Line above signal = bullish momentum · below = bearish
    Full explanation →
    BullishLine above signalThe fast trend is above the slow trend — short-term momentum is currently upward.
    50-Day Average$65.58Price below (-5.5%)Price below its 50-day average = near-term downtrend.
    200-Day Average$64.37Price belowThe 200-day line is the long-term trend divider — above it is generally considered a bull market for the stock.
    50 vs 200 CrossGolden50-day above 200-dayA "golden cross" — the medium trend has overtaken the long trend (often read as bullish).

    Technicals describe price, not the business. A great company can have a "bearish" tape (a buying chance) and a weak one a "bullish" tape (a trap). Pair these with the valuation and health sections above.

    Data Quality & Risk Flags (3 notes — click to expand/collapse)

    Guardrail Notes (3)
    • Dividend: last fiscal-year DECLARED dividend per share from the filing ($2.67/yr, us-gaap:CommonStockDividendsPerShareDeclared).
    • Dividend growth from the declared-DPS series: 1.5%/yr over 5 years.
    • Dividend data sparse; DDM using estimated yield. Confidence reduced.

    Financial Statements (5-year tables — click to expand)

    From Dominion Energy, Inc's SEC filings (EDGAR).

    Income (5yr)

    YearRevenueNet IncomeEPS
    202516.5B3.0B$3.45
    202414.5B2.0B$2.33
    202314.4B2.0B$2.25
    202213.9B1.2B$1.33
    202111.4B3.4B$4.12

    Cash Flow (5yr)

    CapEx is approximated. This filer reports capital expenditure under a company-specific tag our parser cannot read, so the CapEx column uses total investing outflow instead. That includes acquisitions and investment purchases, so the free cash flow shown is a conservative (lower-bound) figure in years with large deals.

    YearOperating CFInvesting outflow (capex proxy)− SBCFree Cash Flow
    2025 5.4B 13.0B 46.0M -7.7B
    2024 5.0B 3.2B 53.0M 1.8B
    2023 6.6B 7.2B 44.0M -679.0M
    2022 3.7B 6.7B 36.0M -3.1B
    2021 4.0B 6.2B 42.0M -2.3B

    How we define FCF: operating cash flow − capital expenditure − stock-based compensation (owner-earnings basis — SBC is a real cost to shareholders even though it's non-cash). Latest year: 5.4B − 13.0B − 46.0M (stock-based comp) = -7.7B. This is the same owner-earnings FCF definition the valuation model uses, though the DCF's starting value is a TTM dividend, not this single year.

    Balance Sheet

    Total Assets115.9B
    Total Liabilities82.4B
    Equity29.1B
    Total Debt46.5B

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    Methodology by Pouyan Golshani, MD — founder of Gighz. Savng was built by a physician for busy professionals: every number on this page comes from SEC filings (EDGAR) and FINRA data through transparent, rules-based models — no analyst opinions, no hidden inputs. How we calculate every number →

    The questions people ask about D

    Is Dominion Energy, Inc (D) a good stock to buy?

    Dominion Energy, Inc (D) looks expensive against its own cash flows: the price is about 71% above our $36.35 estimate. Whether it is a good buy depends on whether the company can grow faster than that price assumes, on its financial health, and on what insiders are doing. All three are on this page. This is educational research from SEC filings, not investment advice.

    Is Dominion Energy, Inc (D) overvalued?

    Yes, by our measure. Dominion Energy, Inc (D) trades at $62.00, about 71% above our estimate of $36.35 for what the business is worth. This is educational research from SEC filings, not investment advice.

    What is D's intrinsic value?

    Our model estimates D is worth about $36.35 per share, built from the cash the business is expected to generate, taken from its SEC filings. The market price is $62.00.

    Where do these numbers come from?

    From Dominion Energy, Inc's own SEC filings (10-K and 10-Q), Form 4 insider filings and daily market prices. Every figure on the page links to how it was calculated, and the model's weak spots are listed next to its results.

    ⚠️ Not investment advice. Automated model outputs, last refreshed today (the analysis-refresh date, not the latest filing period). All models have blind spots. Full disclaimer →
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