US · USD
CMSA
CMS Energy Corporation 5.6% JRSUB NT 78
- Day's range
- $18.85 – $19.20
- Day's volume
- $296.9K
- 52-week range
- $18.93 – $22.97
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See how CMSA weighs in your net worth, what it has paid you and how far it is from your target allocation.
Create a free accountCMSA in numbers
- Market cap
- $6B
- P/E
- 5.80
- P/B
- 0.61
- Dividend yield (12m)
- 7.42%
- Net debt/EBITDA
- 6.22
The 12-month dividend yield of CMSA is 7.42%, above its 5-year average of 5.78%.
CMSA price history
CMSA risk and return
Monthly closes adjusted for splits and distributions.
| Metric | 12 months | 36 months | 60 months |
|---|---|---|---|
| Return | -10.62% | -5.83% | -2.81% |
| Volatility (annualized) | 9.85% | 13.26% | 15.65% |
| Largest drawdown | -13.18% | -17.53% | -17.53% |
| Positive months | 4/12 | 17/36 | 29/60 |
How much did investing in CMSA return?
$1,000.00 invested on 11/01/2021 would be worth $971.91 today.
- Value today in CMSA
- $971.91
- Return over the period
- -2.81%
- Return per year
- -0.58%
- In the S&P 500
- $1,708.91
With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.
CMSA fundamentals
Valuation
- P/E5.80
- P/B0.61
- EV/EBITDA8.19
- EV/EBIT14.82
- EV/Revenue2.88
- P/EBIT3.56
- P/S0.69
- P/OCF2.77
- P/FCF—
- Earnings yield6.75%
- PEG ratio—
- Earnings per share$3.27
- Book value per share$31.17
Debt
- Net debt$18.8B
- Net debt/EBITDA6.22
- Net debt/Equity1.92
- Debt/Equity1.95
- Current ratio0.94
- Quick ratio—
- Cash ratio0.08
Efficiency
- Gross margin—
- EBITDA margin35.15%
- Operating margin19.44%
- Net margin11.94%
- Asset turnover0.21
Profitability
- ROE10.50%
- ROA2.51%
- ROIC4.60%
- Payout43.03%
Growth
- Revenue CAGR (5 years)5.19%
- Earnings CAGR (5 years)2.63%
- Revenue growth (year)—
- Earnings growth (year)—
- Revenue growth (quarter)—
- Earnings growth (quarter)—
What is CMSA's fair price?
Two classic value formulas, with today's numbers. The current price is $18.98.
- Graham's fair price
- $47.90
- 152.38% above the price
√(22.50 × $3.27 × $31.17)
Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.
- Bazin's ceiling price
- $22.29
- 17.46% above the price
$1.34 (5-year average) ÷ 6%
Décio Bazin only bought stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.
Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.
CMSA's indicators by year
Multiples at each year's closing price; margins and returns from that year's statements.
| Indicator | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| P/E | 6.28 | 6.65 | 8.15 | 7.58 | 5.66 | 10.90 | 10.94 | 10.22 |
| P/B | 0.74 | 0.81 | 0.96 | 0.90 | 1.15 | 1.50 | 1.48 | 1.41 |
| EV/EBITDA | 8.24 | 8.42 | 9.31 | 8.68 | 8.68 | 9.03 | 9.68 | 8.66 |
| Dividend yield | 6.41% | 6.31% | 5.74% | 6.47% | 4.00% | 3.71% | 5.37% | 4.62% |
| Earnings per share | $3.50 | $3.36 | $3.01 | $2.87 | $4.67 | $2.61 | $2.40 | $2.32 |
| Book value per share | $29.84 | $27.54 | $25.62 | $24.08 | $22.88 | $19.02 | $17.68 | $16.78 |
| ROE | 11.71% | 12.19% | 11.76% | 11.93% | 20.40% | 13.74% | 13.55% | 13.82% |
| ROIC | 5.06% | 5.12% | 4.58% | 5.21% | 5.45% | 5.93% | 5.15% | 6.11% |
| EBITDA margin | 36.52% | 37.25% | 33.26% | 28.25% | 31.94% | 36.44% | 32.86% | 32.22% |
| Net margin | 12.90% | 13.70% | 12.22% | 10.06% | 19.12% | 12.10% | 10.62% | 10.10% |
| Net debt/EBITDA | 6.02 | 5.97 | 6.32 | 5.98 | 5.30 | 5.40 | 6.14 | 5.46 |
CMSA's financial statements
| Line | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Net revenue | $8.3B | $7.3B | $7.3B | $8.3B | $7.1B | $6.2B |
| Cost of revenue | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — |
| EBITDA | $3B | $2.7B | $2.4B | $2.4B | $2.3B | $2.3B |
| EBIT | $1.7B | $1.5B | $1.2B | $1.2B | $1.1B | $1.2B |
| Financial result | $310M | $344M | $362M | $197M | $177M | $84M |
| Income before tax | $1.2B | $1.1B | $954M | $902M | $823M | $809M |
| Income tax | -$246M | -$176M | -$147M | -$93M | -$95M | -$115M |
| Net income | $1.1B | $1B | $887M | $837M | $1.4B | $755M |
Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.
Does CMSA pay dividends?
Dividend yield per year
- 4.62%2018
- 5.37%2019
- 3.71%2020
- 4.00%2021
- 6.47%2022
- 5.74%2023
- 6.31%2024
- 6.41%2025
- 5.57%2026
| Type | Last day to own | Payment | Per share |
|---|---|---|---|
| Dividend | 08/28/2026 | 09/15/2026 | $0.35 |
| Dividend | 05/28/2026 | 06/15/2026 | $0.35 |
| Dividend | 02/26/2026 | 03/16/2026 | $0.35 |
| Dividend | 11/27/2025 | 12/15/2025 | $0.35 |
| Dividend | 08/28/2025 | 09/15/2025 | $0.35 |
| Dividend | 05/29/2025 | 06/16/2025 | $0.35 |
| Dividend | 02/27/2025 | 03/17/2025 | $0.35 |
| Dividend | 11/28/2024 | 12/16/2024 | $0.35 |
| Dividend | 08/29/2024 | 09/16/2024 | $0.35 |
| Dividend | 05/30/2024 | 06/17/2024 | $0.35 |
| Dividend | 02/27/2024 | 03/15/2024 | $0.35 |
| Dividend | 11/28/2023 | 12/15/2023 | $0.35 |
See all 34 distributions
| Type | Last day to own | Payment | Per share |
|---|---|---|---|
| Dividend | 08/29/2023 | 09/15/2023 | $0.35 |
| Dividend | 05/29/2023 | 06/15/2023 | $0.35 |
| Dividend | 02/24/2023 | 03/15/2023 | $0.35 |
| Dividend | 11/28/2022 | 12/15/2022 | $0.35 |
| Dividend | 08/29/2022 | 09/15/2022 | $0.35 |
| Dividend | 05/26/2022 | 06/15/2022 | $0.35 |
| Dividend | 02/24/2022 | 03/15/2022 | $0.35 |
| Dividend | 11/26/2021 | 12/15/2021 | $0.35 |
| Dividend | 08/27/2021 | 09/15/2021 | $0.35 |
| Dividend | 05/26/2021 | 06/15/2021 | $0.35 |
| Dividend | 08/27/2020 | 09/15/2020 | $0.35 |
| Dividend | 05/27/2020 | 06/15/2020 | $0.35 |
| Dividend | 02/26/2020 | 03/15/2020 | $0.35 |
| Dividend | 11/26/2019 | 12/15/2019 | $0.35 |
| Dividend | 08/28/2019 | 09/15/2019 | $0.35 |
| Dividend | 05/29/2019 | 06/15/2019 | $0.35 |
| Dividend | 02/26/2019 | 03/15/2019 | $0.35 |
| Dividend | 11/28/2018 | 12/15/2018 | $0.35 |
| Dividend | 08/29/2018 | 09/15/2018 | $0.35 |
| Dividend | 05/29/2018 | 06/15/2018 | $0.39 |
| Dividend | 11/27/2020 | — | $0.35 |
| Dividend | 02/25/2021 | — | $0.35 |
About Cms Energy
- Sector
- Transportation and utilities
Questions about CMSA
How much is CMSA today?
CMSA is at $18.98 (-1.76% on the day), last traded on 10/07/2026.
How much did CMSA pay in dividends in 2025?
CMSA paid $1.41 per share in 2025, a dividend yield of 6.41%.
What are the P/E and P/B of CMSA?
CMSA trades at a P/E of 5.80 and a P/B of 0.61.
How much did CMSA return in 12 months?
CMSA returned -10.62% in 12 months, with annualized volatility of 9.85% and a largest drawdown of -13.18%.