CMS Energy Corporation (CMS) exhibits 45.0% gross margins and 5.2% return on invested capital within Utilities (Power Generation), balanced against a 19.1x enterprise multiple and 4.8% implied options volatility.
Sustained 45.0% gross profitability converts into 20.8% operating margin and 5.2% ROIC, outpacing sector cost of capital.
ROIC: 5.2% // GM: 45.0%YoY revenue trajectory of +13.5% paired with 8.54% free cash flow yield supports self-funded R&D and capital return.
REV YOY: +13.5% // FCF YLD: 8.54%Altman Z-Score of 1.12 and Piotroski F-Score of 7/9 indicate low near-term refinancing stress.
ALTMAN Z: 1.12 // F-SCORE: 7/9Trading at 20.4x trailing P/E (17.1x Fwd P/E) leaves valuation vulnerable if real 10Y TIPS yields spike.
P/E: 20.4x // EV/EBITDA: 19.1xOptions market prices a ±5.2% implied move with a 0.85 put/call ratio around $70.10 max pain.
IMPL MOVE: ±5.2% // P/C: 0.85Elevated industry capital intensity and customer concentration in Power Generation require continuous execution to defend 12.9% net margins.
NET MARGIN: 12.9% // D/E: 1.95x| FILER | SIDE | $ VALUE |
|---|---|---|
| INSPECT FULL OWNERSHIP LEDGER IN OWN <GO> | ||
| STRIKE / EXP | TYPE | PREMIUM |
|---|---|---|
| INSPECT GEX & CHAIN IN OPT <GO> | ||
Unblur the exact $50,000 delta-adjusted ETF/options hedge ratio for CMS & activate live FRED threshold breach alerts.