Executive Summary
Latest Data: Dec 2024A mid-sized company, with solid profitability valued in line with the market.
Business Narrative
Pinnacle West Capital Corporation, through its subsidiary, Arizona Public Service Company, provides retail and wholesale electric services primarily in the state of Arizona. The company engages in the generation, transmission, and distribution of electricity using coal, nuclear, gas, oil, and solar generating facilities. Its transmission facilities include approximately 5,814 pole miles of overhead lines and approximately 74 miles of underground lines; and distribution facilities comprise approximately 11,258 miles of overhead lines and approximately 22,821 miles of underground primary cable, as well as owns and maintains 475 transmission and distribution substations.
- +Solid profitability with room for margin expansion
- -Negative free cash flow may necessitate future capital raises
Company at a Glance
Business Performance
Key Highlights
Watch Areas
- Negative free cash flow - burning cash
- Current liabilities exceed current assets
Financial Health
Valuation Assessment
(+23%)
Valuation Corridor
Detailed Financials
Comprehensive financial statement data for deep analysis
| Metric | Dec 20 | Dec 21 | Dec 22 | Dec 23 | Dec 24 |
|---|---|---|---|---|---|
| Return on Equity | - | - | - | - | - |
| Return on Invested Capital | - | - | - | - | - |
| Gross Margin | 45.6% | 44.6%↓2.1% | 39.5%↓11.5% | 39.3%↓0.5% | 41.7%↑6.2% |
| Operating Margin | 22.0% | 21.2%↓3.6% | 16.9%↓20.1% | 17.6%↑3.8% | 19.7%↑12.5% |
| Net Margin | 15.3% | 16.3%↑6.0% | 11.2%↓31.2% | 10.7%↓4.5% | 11.9%↑11.2% |
| Earnings Yield | - | - | - | - | - |