PNW Stock Analysis: Pinnacle West Capital | NYSE
Utilities - Regulated Electric | NYSE, USA | Market Cap: 13.245m USD | 12M Return: 20% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 125M
EPS Trend: 71.6%
Qual. Beats: 1
Rev. Trend: 98.2%
Qual. Beats: 1
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Pinnacle West Capital Corporation is a holding company that, through its subsidiary, provides retail and wholesale electric services throughout Arizona. The company operates as a vertically integrated utility, managing the generation, transmission, and distribution of electricity through a diversified mix of nuclear, gas, oil, coal, and solar generating facilities. Its infrastructure includes overhead and underground transmission and distribution lines, substations (transmission and distribution yards), and energy storage facilities. The company was incorporated in 1985 and is headquartered in Phoenix, Arizona.
The vertically integrated utility model, in which a single company manages generation, transmission, and distribution, is characteristic of traditional regulated electric utilities in the United States. Holding company structures like Pinnacle Wests are common in the sector, allowing the parent corporation to oversee utility operations through a regulated subsidiary that typically functions as the exclusive provider within a designated service territory.
- Arizona rate case ruling sets allowed return on equity
- Arizona population growth drives retail electricity sales higher
- Clean energy capital expenditure expands rate base and earnings
| Net Income: 654.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.03 > 0.02 and ΔFCF/TA -0.70 > 1.0 |
| NWC/Revenue: -19.81% < 20% (prev -30.33%; Δ 10.52% < -1%) |
| CFO/TA 0.05 > 3% & CFO 1.64b > Net Income 654.1m |
| Net Debt (19.3b) to EBITDA (2.18b): 8.83 < 3 |
| Current Ratio: 0.60 > 1.5 & < 3 |
| Outstanding Shares: last quarter (123.8m) vs 12m ago 3.50% < -2% |
| Gross Margin: 40.72% > 18% (prev 41.36%; Δ -0.64% > 0.5%) |
| Asset Turnover: 18.84% > 50% (prev 19.11%; Δ -0.27% > 0%) |
| Interest Coverage Ratio: 2.76 > 6 (EBIT TTM 1.22b / Interest Expense TTM 443.0m) |
| A: -0.04 (Total Current Assets 1.61b - Total Current Liabilities 2.70b) / Total Assets 30.7b |
| B: 0.13 (Retained Earnings 3.88b / Total Assets 30.7b) |
| C: 0.04 (EBIT TTM 1.22b / Avg Total Assets 29.0b) |
| D: 0.30 (Book Value of Equity 7.07b / Total Liabilities 23.6b) |
| Altman-Z'' = 0.78 = B |
| DSRI: 1.12 (Receivables 687.8m/584.5m, Revenue 5.46b/5.21b) |
| GMI: 1.02 (GM 41.36% / 40.72%) |
| AQI: 1.80 (AQ_t 0.28 / AQ_t-1 0.16) |
| SGI: 1.05 (Revenue 5.46b / 5.21b) |
| TATA: -0.03 (NI 654.1m - CFO 1.64b) / TA 30.7b) |
| Beneish M = -2.40 (Cap -4..+1) = BBB |
As of July 25, 2026, the stock is trading at USD 106.06 with a total of 1,126,923 shares traded. Over the past week, the price has changed by -1.55%, over one month by +0.65%, over three months by +4.59% and over the past year by +20.03%.
Current recommended Stop Loss: 102.80 (which is 3.1% or 1.6 ATR below the current price).
Pinnacle West Capital has received a consensus analysts rating of 3.41. Therefore, it is recommended to hold PNW.
- StrongBuy: 4
- Buy: 0
- Hold: 12
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 105.9 | -0.1% |
P/E Trailing = 20.3899
P/E Forward = 22.8311
P/S = 2.427
P/B = 1.8358
P/EG = 3.7986
Revenue TTM = 5.46b USD
EBIT TTM = 1.22b USD
EBITDA TTM = 2.18b USD
Long Term Debt = 9.80b USD (from longTermDebt, last quarter)
Short Term Debt = 1.33b USD (from shortTermDebt, last quarter)
Debt = 19.3b USD (from shortLongTermDebtTotal, last quarter) + Leases 4.15b
Net Debt = 19.3b USD (calculated: Debt 19.3b - CCE 6.41m)
Enterprise Value = 32.5b USD (13.2b + Debt 19.3b - CCE 6.41m)
Interest Coverage Ratio = 2.76 (Ebit TTM 1.22b / Interest Expense TTM 443.0m)
EV/FCF = -32.79x (Enterprise Value 32.5b / FCF TTM -991.9m)
FCF Yield = -3.05% (FCF TTM -991.9m / Enterprise Value 32.5b)
FCF Margin = -18.18% (FCF TTM -991.9m / Revenue TTM 5.46b)
Net Margin = 11.99% (Net Income TTM 654.1m / Revenue TTM 5.46b)
Gross Margin = 40.72% ((Revenue TTM 5.46b - Cost of Revenue TTM 3.24b) / Revenue TTM)
Gross Margin QoQ = 62.01% (prev 18.27%)
Tobins Q-Ratio = 1.06 (Enterprise Value 32.5b / Total Assets 30.7b)
Interest Expense / Debt = 2.30% (Interest Expense 443.0m / Debt 19.3b)
Taxrate = 14.60% (114.1m / 781.2m)
NOPAT = 1.05b (EBIT 1.22b * (1 - 14.60%))
Current Ratio = 0.60 (Total Current Assets 1.61b / Total Current Liabilities 2.70b)
Debt / Equity = 2.73 (Debt 19.3b / totalStockholderEquity, last quarter 7.07b)
Debt / EBITDA = 8.83 (Net Debt 19.3b / EBITDA 2.18b)
Debt / FCF = -19.44 (negative FCF - burning cash) (Net Debt 19.3b / FCF TTM -991.9m)
Total Stockholder Equity = 7.00b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.26% (Net Income 654.1m / Total Assets 30.7b)
RoE = 9.34% (Net Income TTM 654.1m / Total Stockholder Equity 7.00b)
RoCE = 7.29% (EBIT 1.22b / Capital Employed (Equity 7.00b + L.T.Debt 9.80b))
RoIC = 3.57% (NOPAT 1.05b / Invested Capital 29.3b)
WACC = 3.47% (E(13.2b)/V(32.5b) * Re(5.67%) + D(19.3b)/V(32.5b) * Rd(2.30%) * (1-Tc(0.15)))
Discount Rate = 5.67% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 93.08 | Cagr: 3.70%
[DCF] Fair Price = unknown (Cash Flow -991.9m)
EPS Correlation: 71.60 | EPS CAGR: 10.10% | SUE: 1.16 | # QB: 1
Revenue Correlation: 98.24 | Revenue CAGR: 6.87% | SUE: 1.10 | # QB: 1
EPS current Quarter (2026-06-30): EPS=1.49 | Chg30d=+2.40% | Revisions=-50% | Analysts=6
EPS next Quarter (2026-09-30): EPS=3.16 | Chg30d=-0.11% | Revisions=-29% | Analysts=6
EPS current Year (2026-12-31): EPS=4.72 | Chg30d=+0.36% | Revisions=+29% | GrowthEPS=-6.6% | GrowthRev=+3.6%
EPS next Year (2027-12-31): EPS=5.65 | Chg30d=+0.14% | Revisions=-17% | GrowthEPS=+19.8% | GrowthRev=+7.4%
[Analyst] Revisions Ratio: -24% (up=5, down=9)