Table of Contents :
• Stock Rating & Target Price
• Investment Thesis
• Fundamental Models Used
• Company Description
• Corporate Timeline
• Key Metrics (KPI ) and Recently Reported Earnings Review
• Business Highlights, Strategic Announcements & Outlook
• Quarter-over-Quarter (Q-o-Q) and Year-over-Year (Y-o-Y) Growth Analysis
• Key Catalysts Driving Growth
• Historical Financial Statement Analysis & CAGR Trends
• Quarterly Key Financial Ratios and Performance Metrics
• Annual Financial Performance Analysis: Horizontal and Vertical Financial Analysis, Trends
• Financial Forecasts
• Annual Forecasts: Income Statement
• Annual Forecasts: Cash Flow Statements
• Net Debt Levels
• A Closer Look at DCF: Our Assumptions and Methodology
• Terminal Value Calculation
• Target Price Analysis
• Valuation Multiples
• Supplementary Valuation Analysis: Multiples Approach
• Scenario/Sensitivity Analysis – Base Case , Bull Case ,Bear Case
• Holistic Peer Review & Trading Comps: Financial Data, Operational Metrics, and Valuation Multiples
• Implied Price Per Share
• Ownership Activity/ Insider Trades
• Ownership Summary
• An analysis of ESG Risk Rating
• Key Professionals
• Key Board Members
• Key Risks Considerations
• Analyst Ratings
• Analyst Industry Views
• Disclosures
Sempra(SRE): Unlocking Transformational Growth Through Oncor’s Transmission Leadership—Will High-Voltage Expansion Cement Its Dominance in a Digitized Energy Future?
Sempra’s Q3 2024 results highlighted its balanced business model, blending regulated utility growth with infrastructure expansion. Adjusted EPS of $0.89 missed estimates by $0.18, and revenue of $2.78 billion fell short by $735.72 million, reflecting topline challenges. However, reaffirmed FY24 EPS guidance of $4.48–$5.08, along with a 6–8% long-term EPS growth target, signals confidence in its project pipeline. Oncor’s $24 billion five-year capital plan is a pivotal driver, backed by 82 GW of AI-driven interconnection requests and a 23% YoY surge in large industrial projects. High-voltage transmission projects, constituting 60% of Oncor’s plan, underscore its leadership in the utility sector. California utilities contributed to incremental progress with proposed GRC decisions supporting wildfire resilience and natural gas integrity, aligning with electrification trends like record 5 GW peak demand in SDG&E’s EV-heavy territory. Sempra Infrastructure, bolstered by geopolitical LNG demand, reported strong progress on Cameron LNG Phase 1 and Phase 2 development, while partnerships like NREL’s hydrogen storage initiative highlight innovation in decarbonization. While near-term regulatory and permit risks exist, disciplined capital allocation and strong dividend policies balance these challenges. Can Sempra’s investments in high-voltage transmission and LNG infrastructure sustain its sector leadership in a digitized and decarbonized energy future?
