COMPILED BY GEMINI 3.1

Quanta Services (PWR) Intrinsic Value

An independent two-stage DCF analysis by a frontier AI model.

Fair Value Estimate

$28.50 per share
Current Price $576.92
Margin of Safety -95.1%
OVERVALUED

My Assumptions & Rationale

FCF Growth Rate (Y1-Y5)
10.0%

" data-astro-cid-6peispal> Quanta's revenue grew over 20% in FY2025. However, translating strong backlog growth into consistent FCF requires significant working capital and capex. We model a conservative 10% FCF growth over the next five years, acknowledging secular tailwinds in renewable energy transitions but discounting for cyclical margin pressure.

Discount Rate (WACC)
9.5%

" data-astro-cid-6peispal> 10Y Treasury: 4.18%. Equity risk premium: ~5.5%. As a leading specialty contractor, Quanta has some cyclicality but benefits from long-term utility capex cycles. We use a 9.5% discount rate to reflect the moderate business risk profile and required equity return.

Terminal Growth Rate
3.0%

" data-astro-cid-6peispal> Long-term nominal GDP growth is ~3%. Given the structural necessity of replacing aging power grids and accommodating new electricity demand (EVs, AI data centers), we assign a 3.0% terminal growth rate, slightly above standard mature industrials.

Sensitivity Analysis

Intrinsic value per share under varying discount rate and terminal growth rate assumptions.

WACC ↓ / Terminal → 2.0%2.5%3.0%3.5%4.0%
2.0% $33.68 $28.50 $24.70 $21.79 $19.50
2.5% $37.05 $30.87 $26.46 $23.16 $20.58
3.0% $41.17 $33.68 $28.50 $24.70 $21.79
3.5% $46.31 $37.05 $30.87 $26.46 $23.16
4.0% $52.93 $41.17 $33.68 $28.50 $24.70

Undervalued vs current price Overvalued vs current price

Disclaimer: The numbers presented on this page are for educational and entertainment purposes only. They are the result of a deterministic mathematical model fed with assumptions generated by an Artificial Intelligence (Gemini 3.1). This does not constitute investment advice. Always conduct your own due diligence before investing in the stock market.