Financials Sempra

Equities

SRE

US8168511090

Multiline Utilities

Market Closed - Nyse Other stock markets 04:00:08 2024-05-17 pm EDT			5-day change	1st Jan Change
78.14 ^USD	+0.61%		+1.24%	+4.56%

May. 17	Mizuho Adjusts Price Target on Sempra to $86 From $79	MT
May. 14	Sempra Maintains Quarterly Dividend at $0.62 per Share, Payable July 15 to Shareholders of Record June 27	MT

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	42,702	36,754	42,242	48,577	47,030	49,470	-	-
Enterprise Value (EV) ¹	68,410	60,000	66,596	77,427	78,177	82,656	85,861	88,512
P/E ratio	20.8 x	9.89 x	33 x	23.3 x	15.6 x	16.2 x	15.2 x	14.2 x
Yield	2.55%	3.28%	3.33%	2.96%	3.18%	3.21%	3.33%	3.58%
Capitalization / Revenue	3.94 x	3.23 x	3.29 x	3.36 x	2.81 x	3.22 x	3.06 x	2.95 x
EV / Revenue	6.32 x	5.28 x	5.18 x	5.36 x	4.68 x	5.38 x	5.32 x	5.28 x
EV / EBITDA	15.9 x	14.5 x	14 x	14.7 x	14.8 x	13.9 x	13.4 x	13 x
EV / FCF	-110 x	-28.8 x	-56.8 x	-18.4 x	-35.9 x	-61.1 x	-54.5 x	-82 x
FCF Yield	-0.91%	-3.48%	-1.76%	-5.44%	-2.79%	-1.64%	-1.83%	-1.22%
Price to Book	2.22 x	1.57 x	1.61 x	1.8 x	1.65 x	1.57 x	1.51 x	1.46 x
Nbr of stocks (in thousands)	563,792	576,940	638,675	628,667	629,328	632,846	-	-
Reference price ²	75.74	63.70	66.14	77.27	74.73	78.17	78.17	78.17
Announcement Date	2/27/20	2/25/21	2/25/22	2/28/23	2/27/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	10,829	11,370	12,857	14,439	16,720	15,367	16,153	16,762
EBITDA ¹	4,293	4,140	4,763	5,261	5,276	5,926	6,413	6,835
EBIT ¹	2,724	2,474	2,850	3,242	3,049	3,614	4,093	4,377
Operating Margin	25.15%	21.76%	22.17%	22.45%	18.24%	23.52%	25.34%	26.11%
Earnings before Tax (EBT) ¹	1,734	1,489	219	1,343	2,627	2,339	2,604	2,747
Net income ¹	2,055	3,764	1,254	2,094	3,030	3,079	3,316	3,574
Net margin	18.98%	33.1%	9.75%	14.5%	18.12%	20.03%	20.53%	21.32%
EPS ²	3.645	6.440	2.005	3.310	4.790	4.831	5.148	5.511
Free Cash Flow ¹	-620	-2,085	-1,173	-4,215	-2,179	-1,354	-1,575	-1,080
FCF margin	-5.73%	-18.34%	-9.12%	-29.19%	-13.03%	-8.81%	-9.75%	-6.44%
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share ²	1.935	2.090	2.200	2.290	2.380	2.506	2.601	2.795
Announcement Date	2/27/20	2/25/21	2/25/22	2/28/23	2/27/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2
Net sales ¹	3,844	3,820	3,547	3,617	3,455	6,560	3,335	3,334	3,491	3,640	3,616	3,638	3,917	4,088	-
EBITDA ¹	1,406	1,543	1,189	1,112	1,354	1,799	1,159	1,171	1,147	1,562	1,498	1,412	1,623	-	-
EBIT ¹	921	1,050	688	606	835	1,260	610	608	571	968.1	770.4	748.1	996.6	1,124	-
Operating Margin	23.96%	27.49%	19.4%	16.75%	24.17%	19.21%	18.29%	18.24%	16.36%	26.6%	21.31%	20.56%	25.44%	27.51%	-
Earnings before Tax (EBT) ¹	535	665	364	165	149	1,329	523	323	452	705	494	388.8	593.6	-	-
Net income ¹	604	612	559	485	438	969	603	721	737	801	663.1	728.7	846.5	-	-
Net margin	15.71%	16.02%	15.76%	13.41%	12.68%	14.77%	18.08%	21.63%	21.11%	22.01%	18.34%	20.03%	21.61%	-	-
EPS ²	0.9500	0.9650	0.8850	0.7650	0.6950	1.535	0.9550	1.140	1.160	1.260	0.9738	1.155	1.343	1.310	0.5500
Dividend per Share ²	0.5500	0.5725	0.5700	0.5750	0.5700	0.5950	0.5950	0.6000	0.5950	-	0.6285	0.6285	0.6318	0.7013	0.7013
Announcement Date	2/25/22	5/5/22	8/4/22	11/3/22	2/28/23	5/4/23	8/3/23	11/3/23	2/27/24	5/7/24	-	-	-	-	-

¹USD in Million²USD

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	25,708	23,246	24,354	28,850	31,147	33,186	36,392	39,043
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	5.988 x	5.615 x	5.113 x	5.484 x	5.904 x	5.6 x	5.675 x	5.712 x
Free Cash Flow ¹	-620	-2,085	-1,173	-4,215	-2,179	-1,354	-1,575	-1,080
ROE (net income / shareholders' equity)	10.3%	10.9%	10.7%	11%	10.5%	10.5%	10.5%	11%
ROA (Net income/ Total Assets)	3.03%	3.55%	3.8%	3.87%	3.52%	3.5%	3.58%	3.71%
Assets ¹	67,911	105,943	32,974	54,099	86,000	87,966	92,621	96,348
Book Value Per Share ²	34.20	40.60	41.00	42.90	45.40	49.80	51.60	53.70
Cash Flow per Share ²	5.470	4.430	6.140	1.800	9.830	9.610	10.20	11.10
Capex ¹	3,708	4,676	5,015	5,357	8,397	7,320	7,429	7,189
Capex / Sales	34.24%	41.13%	39.01%	37.1%	50.22%	47.63%	46%	42.89%
Announcement Date	2/27/20	2/25/21	2/25/22	2/28/23	2/27/24	-	-	-

¹USD in Million²USD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Sempra

Trading Rating

Investor Rating

ESG Refinitiv

B+

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

78.17 USD

Average target price

83.78 USD

Spread / Average Target

+7.17%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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