NYSE · DUKB

Duke Energy Corporation 5.625%

Utilities · Regulated Electric

$21.21▼ 2.12% ($0.46)at close

As of 3:59 PM ET

52-week

$21.19$25.30

Market cap

$16.49B

P/E

3.13

Volume

54.44K

Shares outstanding

777.67M

What the market price implies · Reverse DCF

To support a price of $21.21, this model requires revenue to grow by -5%/yr over the next 10 years, compounded annually.

Historical revenue grew by 6.97%/yr over the past 4 years. The required annual growth rate is 11.97 percentage points lower.

Selected forecast · Base scenario

2.72%/yr · actual 10-year annualized revenue growth

Year 1 growth: 4.25%

Market-implied · Base operating assumptions + edited margins

-5%/yr · flat 10-year annualized revenue growth

Reverse DCF solves revenue growth itself using Base operating assumptions and your edited margins. Changing forecast growth alone does not change the implied rate. This is a model-implied requirement, not an analyst forecast.

Valuation

Recommended · Revenue & margin DCF

Price used

$21.21

Estimated value / share

$153.49

Base scenario

This estimate is 623.69% above the price used.

USD · TTM ending 2026-06-30

The discount rate uses the model's minimum bound. Limited beta or capital-structure data may affect this estimate.

This estimate is at least 3× the price used. Review the growth, margin and investment assumptions behind the gap.

Year 1 growth 4.25% · Ending margin 28.8% · Discount rate 5.44%

Assumption scenarios, not statistical confidence intervals.

Method, dates & sources

Estimated from future revenue, operating margins, and the investment needed to support them.

Price timestamp: Sep 10, 2026, 7:59 PM UTC
Financial statement period: TTM ending 2026-06-30
Data refreshed: Sep 11, 2026, 5:15 AM UTC · provider

Why this method?

There is not a stable run of positive FCFF to anchor a direct cash-flow CAGR, so the model should start from revenue and margin assumptions instead.

Is FCFF positive and has it been for 3+ consecutive years? Only 2 consecutive positive FCFF years are available.

Price vs Fundamentals

Why The Stock Is Moving

Likely multiple compressionHigh confidence

1Y Price: -15.4%Revenue (TTM): 7.79%P/E: 0th pct

What changed

The stock fell 15.4% over the last year. Revenue grew 7.79% over the trailing twelve months. Operating margin moved from 27.32% to 27.71%.

What the market seems to be pricing

Visible fundamentals weakened far less than the stock price, and the shares now sit around the 0th percentile of their historical P/E range. That looks more like a rerating of the multiple than a collapse in the business.

What would invalidate this read

This read changes if operating margin (currently 27.71%) continues to decline, or if revenue growth turns negative. The bull case requires the business to hold its current trajectory.

Performance

Return analysis

Company profile

Duke Energy Corporation is a major provider of natural gas distribution and a range of energy-related services.

CEOHarry K. Sideris

SectorUtilities

IndustryRegulated Electric

Employees26,413

IPO dateOct 18, 2018

https://www.duke-energy.com

Market multiples

Forward P/E—

EV/EBITDA7.07

Enterprise value$110.77B

Stock splits

No stock splits recorded for this ticker.

Profitability & growth

Revenue growth1.12%

Gross margin68.19%▼19.2ppvs FY2024

Operating margin27.6%▲0.1ppvs FY2024

ROE9.98%▲0.2ppvs FY2025

Analyst consensus

Rating—

Target price—

Analyst ratings tend to be lagging indicators. Use as one signal among many.

Earnings

Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.

Next report

Oct 29, 2026

Q4 FY26 · EPS est $1.92 · Revenue est $8.98B

View

Dividends

$1.41/shareQuarterly6yr growth streakEx-div Sep 14, 2026 · in 3dAt Risk

DUKB pays a dividend with a 6.63% declared yield, 6 consecutive years of growth, growing at 0% annually, covered -0.5× by free cash flow.

Declared Yield

6.63%

Annual Div / Share

$1.41

TTM $4.28

5yr CAGR

+0%

Doubles every ~40615.5yr

Payout Ratio

17.71%

At Risk

Dividend Growth Rate

3yr CAGR

+0%

5yr CAGR

+0%

Dividend Safety

5/10At Risk

Dividend History

Annualized dividend cycles per share

YearAnnual DivYoY

2026$1.41+0.0%

2025$1.41+0.0%

2024$1.41+0.0%

2023$1.41+0.0%

2022$1.41+0.0%

2021$1.41+0.0%

2020$1.41—

Income Projection

Invest

Growth rate:

Reinvest dividends

Today

$66/yr

$6/mo

In 5 yrs

$66/yr+0%

$6/mo

In 10 yrs

$66/yr+0%

$6/mo

Today	In 5 yrs	In 10 yrs
$66/yr $6/mo	$66/yr+0% $6/mo	$66/yr+0% $6/mo

Yield-on-cost grows from 6.63% → 6.63% over 10yr

Analysis

Dividend Strengths

No strong strength signal stands out from the latest period pair.

Risks to Watch

Dividend exceeds free cash flow

Free cash flow covers only -0.51× the dividend. The company is paying out more than it generates in cash, which is unsustainable without borrowing or asset sales.

NYSE · DUKB

Duke Energy Corporation 5.625%

Utilities · Regulated Electric

$21.21▼ 2.12% ($0.46)at close

As of 3:59 PM ET

52-week

$21.19$25.30

Market cap

$16.49B

P/E

3.13

Volume

54.44K

Shares outstanding

777.67M

What the market price implies · Reverse DCF

To support a price of $21.21, this model requires revenue to grow by -5%/yr over the next 10 years, compounded annually.

Historical revenue grew by 6.97%/yr over the past 4 years. The required annual growth rate is 11.97 percentage points lower.

Selected forecast · Base scenario

2.72%/yr · actual 10-year annualized revenue growth

Year 1 growth: 4.25%

Market-implied · Base operating assumptions + edited margins

-5%/yr · flat 10-year annualized revenue growth

Valuation

Recommended · Revenue & margin DCF

Price used

$21.21

Estimated value / share

$153.49

Base scenario

This estimate is 623.69% above the price used.

USD · TTM ending 2026-06-30

The discount rate uses the model's minimum bound. Limited beta or capital-structure data may affect this estimate.

This estimate is at least 3× the price used. Review the growth, margin and investment assumptions behind the gap.

Year 1 growth 4.25% · Ending margin 28.8% · Discount rate 5.44%

Assumption scenarios, not statistical confidence intervals.

Method, dates & sources

Estimated from future revenue, operating margins, and the investment needed to support them.

Price timestamp: Sep 10, 2026, 7:59 PM UTC
Financial statement period: TTM ending 2026-06-30
Data refreshed: Sep 11, 2026, 5:15 AM UTC · provider

Why this method?

There is not a stable run of positive FCFF to anchor a direct cash-flow CAGR, so the model should start from revenue and margin assumptions instead.

Is FCFF positive and has it been for 3+ consecutive years? Only 2 consecutive positive FCFF years are available.

Price vs Fundamentals

Why The Stock Is Moving

Likely multiple compressionHigh confidence

1Y Price: -15.4%Revenue (TTM): 7.79%P/E: 0th pct

What changed

The stock fell 15.4% over the last year. Revenue grew 7.79% over the trailing twelve months. Operating margin moved from 27.32% to 27.71%.

What the market seems to be pricing

What would invalidate this read

This read changes if operating margin (currently 27.71%) continues to decline, or if revenue growth turns negative. The bull case requires the business to hold its current trajectory.

Performance

Return analysis

Company profile

Duke Energy Corporation is a major provider of natural gas distribution and a range of energy-related services.

CEOHarry K. Sideris

SectorUtilities

IndustryRegulated Electric

Employees26,413

IPO dateOct 18, 2018

https://www.duke-energy.com

Market multiples

Forward P/E—

EV/EBITDA7.07

Enterprise value$110.77B

Stock splits

No stock splits recorded for this ticker.

Profitability & growth

Revenue growth1.12%

Gross margin68.19%▼19.2ppvs FY2024

Operating margin27.6%▲0.1ppvs FY2024

ROE9.98%▲0.2ppvs FY2025

Analyst consensus

Rating—

Target price—

Analyst ratings tend to be lagging indicators. Use as one signal among many.

Earnings

Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.

Next report

Oct 29, 2026

Q4 FY26 · EPS est $1.92 · Revenue est $8.98B

View

Dividends

$1.41/shareQuarterly6yr growth streakEx-div Sep 14, 2026 · in 3dAt Risk

DUKB pays a dividend with a 6.63% declared yield, 6 consecutive years of growth, growing at 0% annually, covered -0.5× by free cash flow.

Declared Yield

6.63%

Annual Div / Share

$1.41

TTM $4.28

5yr CAGR

+0%

Doubles every ~40615.5yr

Payout Ratio

17.71%

At Risk

Dividend Growth Rate

3yr CAGR

+0%

5yr CAGR

+0%

Dividend Safety

5/10At Risk

Dividend History

Annualized dividend cycles per share

YearAnnual DivYoY

2026$1.41+0.0%

2025$1.41+0.0%

2024$1.41+0.0%

2023$1.41+0.0%

2022$1.41+0.0%

2021$1.41+0.0%

2020$1.41—

Income Projection

Invest

Growth rate:

Reinvest dividends

Today

$66/yr

$6/mo

In 5 yrs

$66/yr+0%

$6/mo

In 10 yrs

$66/yr+0%

$6/mo

Today	In 5 yrs	In 10 yrs
$66/yr $6/mo	$66/yr+0% $6/mo	$66/yr+0% $6/mo

Yield-on-cost grows from 6.63% → 6.63% over 10yr

Analysis

Dividend Strengths

No strong strength signal stands out from the latest period pair.

Risks to Watch

Dividend exceeds free cash flow

Free cash flow covers only -0.51× the dividend. The company is paying out more than it generates in cash, which is unsustainable without borrowing or asset sales.