Utilities · NYSE/NASDAQ: SRE
SEMPRA
Utilities - Diversified
Market Cap $60.10B
Verdict: High
Quality Scores
Multi-Bagger
68/100
Compounder Quality
86/100
Management Credibility
85/100
Governance
92/100
Cash Flow Quality
85/100
AI Summary
Sempra Energy (SRE) demonstrates a high-quality utility profile characterized by aggressive asset base expansion, growing from approximately $48 billion to over $110 billion in a decade. The company has successfully pivoted toward clean energy infrastructure and liquefied natural gas (LNG) export leadership via Sempra Infrastructure. While bottom-line earnings show volatility due to non-cash impairments and regulatory adjustments, the core cash-generating power remains robust. Sempra has maintained a consistent dividend growth record, positioning itself as a premium infrastructure compounder.…
Top Opportunities
- Significant expansion of total asset base over 10 years
- Strong presence in high-growth Texas energy market (Oncor)
- Strategic shift towards Sempra Infrastructure unit for LNG growth
Top Risks
- Inconsistent Net Income performance over the decade
- Sharp decline in Revenue between 2023 and 2024
- Large spike in asset base not yet reflected in proportional OCF growth
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