AMEREN CORPORATION (AEE) Stock Fundamental Analysis
USA - NYSE:AEE - US0236081024 - Common Stock
104.23 USD
+0.67 (+0.65%)
104.23 USD
0 (0%)
We assign a fundamental rating of 3 out of 10 to AEE. AEE was compared to 25 industry peers in the Multi-Utilities industry. While AEE is still in line with the averages on profitability rating, there are concerns on its financial health. While showing a medium growth rate, AEE is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
AEE had positive earnings in the past year.
In the past year AEE had a positive cash flow from operations.
In the past 5 years AEE has always been profitable.
Each year in the past 5 years AEE had a positive operating cash flow.
1.2 Ratios
AEE has a worse Return On Assets (2.63%) than 64.00% of its industry peers.
Looking at the Return On Equity, with a value of 9.96%, AEE is in line with its industry, outperforming 60.00% of the companies in the same industry.
AEE's Return On Invested Capital of 3.27% is on the low side compared to the rest of the industry. AEE is outperformed by 80.00% of its industry peers.
The Average Return On Invested Capital over the past 3 years for AEE is in line with the industry average of 3.82%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.63% | ||
| ROE | 9.96% | ||
| ROIC | 3.27% |
ROA(3y)2.77%
ROA(5y)2.76%
ROE(3y)10.04%
ROE(5y)10.02%
ROIC(3y)3.58%
ROIC(5y)3.63%
1.3 Margins
The Profit Margin of AEE (14.55%) is better than 72.00% of its industry peers.
AEE's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 19.27%, AEE is doing worse than 68.00% of the companies in the same industry.
AEE's Operating Margin has been stable in the last couple of years.
Looking at the Gross Margin, with a value of 95.92%, AEE belongs to the top of the industry, outperforming 96.00% of the companies in the same industry.
In the last couple of years the Gross Margin of AEE has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 19.27% | ||
| PM (TTM) | 14.55% | ||
| GM | 95.92% |
OM growth 3Y-1.56%
OM growth 5Y-1.49%
PM growth 3Y0.05%
PM growth 5Y2.05%
GM growth 3Y4.64%
GM growth 5Y2.42%
2. Health
2.1 Basic Checks
AEE has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
AEE has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, AEE has more shares outstanding
AEE has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 0.92, we must say that AEE is in the distress zone and has some risk of bankruptcy.
AEE has a Altman-Z score of 0.92. This is in the better half of the industry: AEE outperforms 68.00% of its industry peers.
A Debt/Equity ratio of 1.62 is on the high side and indicates that AEE has dependencies on debt financing.
AEE has a Debt to Equity ratio of 1.62. This is comparable to the rest of the industry: AEE outperforms 48.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.62 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.92 |
ROIC/WACC0.5
WACC6.55%
2.3 Liquidity
A Current Ratio of 0.80 indicates that AEE may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.80, AEE is doing worse than 60.00% of the companies in the same industry.
AEE has a Quick Ratio of 0.80. This is a bad value and indicates that AEE is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.56, AEE is doing worse than 68.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.8 | ||
| Quick Ratio | 0.56 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 6.79% over the past year.
AEE shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 6.50% yearly.
Looking at the last year, AEE shows a quite strong growth in Revenue. The Revenue has grown by 17.32% in the last year.
The Revenue has been growing slightly by 5.22% on average over the past years.
EPS 1Y (TTM)6.79%
EPS 3Y6.13%
EPS 5Y6.5%
EPS Q2Q%4.12%
Revenue 1Y (TTM)17.32%
Revenue growth 3Y6.04%
Revenue growth 5Y5.22%
Sales Q2Q%31.19%
3.2 Future
Based on estimates for the next years, AEE will show a quite strong growth in Earnings Per Share. The EPS will grow by 8.07% on average per year.
Based on estimates for the next years, AEE will show a small growth in Revenue. The Revenue will grow by 7.47% on average per year.
EPS Next Y9.45%
EPS Next 2Y8.32%
EPS Next 3Y8.19%
EPS Next 5Y8.07%
Revenue Next Year11.1%
Revenue Next 2Y8.54%
Revenue Next 3Y7.79%
Revenue Next 5Y7.47%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 22.08, AEE is valued on the expensive side.
80.00% of the companies in the same industry are cheaper than AEE, based on the Price/Earnings ratio.
AEE is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.50, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 19.35, the valuation of AEE can be described as rather expensive.
76.00% of the companies in the same industry are cheaper than AEE, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 22.99. AEE is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.08 | ||
| Fwd PE | 19.35 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of AEE indicates a rather expensive valuation: AEE more expensive than 80.00% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 14.77 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates AEE does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)2.34
PEG (5Y)3.4
EPS Next 2Y8.32%
EPS Next 3Y8.19%
5. Dividend
5.1 Amount
AEE has a Yearly Dividend Yield of 2.76%.
With a Dividend Yield of 2.76, AEE pays less dividend than the industry average, which is at 4.79. 88.00% of the companies listed in the same industry pay a better dividend than AEE!
Compared to an average S&P500 Dividend Yield of 2.44, AEE has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.76% |
5.2 History
On average, the dividend of AEE grows each year by 6.73%, which is quite nice.
AEE has paid a dividend for at least 10 years, which is a reliable track record.
AEE has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)6.73%
Div Incr Years7
Div Non Decr Years7
5.3 Sustainability
60.47% of the earnings are spent on dividend by AEE. This is not a sustainable payout ratio.
The dividend of AEE is growing around the same rate as the earnings are growing. If this keeps up the dividend growth is sustainable.
DP60.47%
EPS Next 2Y8.32%
EPS Next 3Y8.19%
104.23
+0.67 (+0.65%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryMulti-Utilities
Earnings (Last)
Earnings (Next)
Inst Owners86.22%
Inst Owner Change-0.03%
Ins Owners0.15%
Ins Owner Change-0.95%
Market Cap28.18B
Analysts76.67
Price Target108.88 (4.46%)
Short Float %3.56%
Short Ratio6.73
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.76% |
Yearly Dividend2.66
Dividend Growth(5Y)6.73%
DP60.47%
Div Incr Years7
Div Non Decr Years7
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.58%
Min EPS beat(2)-0.49%
Max EPS beat(2)1.65%
EPS beat(4)1
Avg EPS beat(4)-1.44%
Min EPS beat(4)-4.08%
Max EPS beat(4)1.65%
EPS beat(8)3
Avg EPS beat(8)-1.47%
EPS beat(12)6
Avg EPS beat(12)1.31%
EPS beat(16)7
Avg EPS beat(16)0.47%
Revenue beat(2)2
Avg Revenue beat(2)15.91%
Min Revenue beat(2)8.43%
Max Revenue beat(2)23.39%
Revenue beat(4)3
Avg Revenue beat(4)8.03%
Min Revenue beat(4)-0.91%
Max Revenue beat(4)23.39%
Revenue beat(8)3
Avg Revenue beat(8)-3.72%
Revenue beat(12)7
Avg Revenue beat(12)6.24%
Revenue beat(16)11
Avg Revenue beat(16)7.07%
PT rev (1m)-0.03%
PT rev (3m)3.2%
EPS NQ rev (1m)-1.48%
EPS NQ rev (3m)-2.78%
EPS NY rev (1m)0.01%
EPS NY rev (3m)0.5%
Revenue NQ rev (1m)0.04%
Revenue NQ rev (3m)5.85%
Revenue NY rev (1m)1.03%
Revenue NY rev (3m)2.9%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.08 | ||
| Fwd PE | 19.35 | ||
| P/S | 3.34 | ||
| P/FCF | N/A | ||
| P/OCF | 9.37 | ||
| P/B | 2.29 | ||
| P/tB | 2.37 | ||
| EV/EBITDA | 14.77 |
EPS(TTM)4.72
EY4.53%
EPS(NY)5.39
Fwd EY5.17%
FCF(TTM)-6
FCFYN/A
OCF(TTM)11.12
OCFY10.67%
SpS31.18
BVpS45.54
TBVpS44.02
PEG (NY)2.34
PEG (5Y)3.4
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.63% | ||
| ROE | 9.96% | ||
| ROCE | 3.73% | ||
| ROIC | 3.27% | ||
| ROICexc | 3.27% | ||
| ROICexgc | 3.3% | ||
| OM | 19.27% | ||
| PM (TTM) | 14.55% | ||
| GM | 95.92% | ||
| FCFM | N/A |
ROA(3y)2.77%
ROA(5y)2.76%
ROE(3y)10.04%
ROE(5y)10.02%
ROIC(3y)3.58%
ROIC(5y)3.63%
ROICexc(3y)3.59%
ROICexc(5y)3.64%
ROICexgc(3y)3.63%
ROICexgc(5y)3.69%
ROCE(3y)4.07%
ROCE(5y)4.13%
ROICexcg growth 3Y-3.58%
ROICexcg growth 5Y-5.47%
ROICexc growth 3Y-3.49%
ROICexc growth 5Y-5.36%
OM growth 3Y-1.56%
OM growth 5Y-1.49%
PM growth 3Y0.05%
PM growth 5Y2.05%
GM growth 3Y4.64%
GM growth 5Y2.42%
F-Score6
Asset Turnover0.18
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.62 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 6.27 | ||
| Cap/Depr | 297.37% | ||
| Cap/Sales | 54.91% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 94.5% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.8 | ||
| Quick Ratio | 0.56 | ||
| Altman-Z | 0.92 |
F-Score6
WACC6.55%
ROIC/WACC0.5
Cap/Depr(3y)262.59%
Cap/Depr(5y)276.16%
Cap/Sales(3y)50.2%
Cap/Sales(5y)52.53%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)6.79%
EPS 3Y6.13%
EPS 5Y6.5%
EPS Q2Q%4.12%
EPS Next Y9.45%
EPS Next 2Y8.32%
EPS Next 3Y8.19%
EPS Next 5Y8.07%
Revenue 1Y (TTM)17.32%
Revenue growth 3Y6.04%
Revenue growth 5Y5.22%
Sales Q2Q%31.19%
Revenue Next Year11.1%
Revenue Next 2Y8.54%
Revenue Next 3Y7.79%
Revenue Next 5Y7.47%
EBIT growth 1Y0.93%
EBIT growth 3Y4.38%
EBIT growth 5Y3.65%
EBIT Next Year105.58%
EBIT Next 3Y36.11%
EBIT Next 5Y24.53%
FCF growth 1Y-36.39%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y20.18%
OCF growth 3Y18.49%
OCF growth 5Y4.95%