AMEREN CORPORATION (AEE) Stock Fundamental Analysis
NYSE:AEE - New York Stock Exchange, Inc. - US0236081024 - Common Stock - Currency: USD
AEE gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 25 industry peers in the Multi-Utilities industry. There are concerns on the financial health of AEE while its profitability can be described as average. 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.
AEE had a positive operating cash flow in the past year.
AEE had positive earnings in each of the past 5 years.
Each year in the past 5 years AEE had a positive operating cash flow.
1.2 Ratios
AEE has a worse Return On Assets (2.65%) than 64.00% of its industry peers.
AEE has a Return On Equity (9.90%) which is comparable to the rest of the industry.
AEE's Return On Invested Capital of 3.21% is on the low side compared to the rest of the industry. AEE is outperformed by 88.00% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for AEE is in line with the industry average of 3.93%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.65% | ||
| ROE | 9.9% | ||
| ROIC | 3.21% |
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 (15.31%) is better than 76.00% of its industry peers.
AEE's Profit Margin has improved in the last couple of years.
AEE's Operating Margin of 19.93% is on the low side compared to the rest of the industry. AEE is outperformed by 68.00% of its industry peers.
In the last couple of years the Operating Margin of AEE has remained more or less at the same level.
AEE's Gross Margin of 95.72% is amongst the best of the industry. AEE outperforms 96.00% of its industry peers.
AEE's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 19.93% | ||
| PM (TTM) | 15.31% | ||
| GM | 95.72% |
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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), AEE is destroying value.
AEE has more shares outstanding than it did 1 year ago.
AEE has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, AEE has a worse debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 0.89, we must say that AEE is in the distress zone and has some risk of bankruptcy.
AEE has a better Altman-Z score (0.89) than 68.00% of its industry peers.
AEE has a Debt/Equity ratio of 1.60. This is a high value indicating a heavy dependency on external financing.
AEE's Debt to Equity ratio of 1.60 is in line compared to the rest of the industry. AEE outperforms 44.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.6 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.89 |
ROIC/WACC0.49
WACC6.57%
2.3 Liquidity
AEE has a Current Ratio of 0.86. 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 Current ratio, with a value of 0.86, AEE is doing worse than 60.00% of the companies in the same industry.
AEE has a Quick Ratio of 0.86. This is a bad value and indicates that AEE is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of AEE (0.62) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.86 | ||
| Quick Ratio | 0.62 |
3. Growth
3.1 Past
AEE shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 7.59%.
AEE shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 6.50% yearly.
AEE shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 8.96%.
Measured over the past years, AEE shows a small growth in Revenue. The Revenue has been growing by 5.22% on average per year.
EPS 1Y (TTM)7.59%
EPS 3Y6.13%
EPS 5Y6.5%
EPS Q2Q%9.18%
Revenue 1Y (TTM)8.96%
Revenue growth 3Y6.04%
Revenue growth 5Y5.22%
Sales Q2Q%15.47%
3.2 Future
AEE is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 8.07% yearly.
The Revenue is expected to grow by 6.84% on average over the next years.
EPS Next Y8.99%
EPS Next 2Y7.99%
EPS Next 3Y7.88%
EPS Next 5Y8.07%
Revenue Next Year7.58%
Revenue Next 2Y6.41%
Revenue Next 3Y6.05%
Revenue Next 5Y6.84%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 20.52 indicates a rather expensive valuation of AEE.
Compared to the rest of the industry, the Price/Earnings ratio of AEE indicates a slightly more expensive valuation: AEE is more expensive than 72.00% of the companies listed in the same industry.
AEE is valuated rather cheaply when we compare the Price/Earnings ratio to 27.45, which is the current average of the S&P500 Index.
AEE is valuated rather expensively with a Price/Forward Earnings ratio of 17.94.
AEE's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. AEE is more expensive than 68.00% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 21.90. AEE is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.52 | ||
| Fwd PE | 17.94 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, AEE is valued more expensive than 80.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 14.22 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
PEG (NY)2.28
PEG (5Y)3.16
EPS Next 2Y7.99%
EPS Next 3Y7.88%
5. Dividend
5.1 Amount
AEE has a Yearly Dividend Yield of 2.98%. Purely for dividend investing, there may be better candidates out there.
With a Dividend Yield of 2.98, AEE pays less dividend than the industry average, which is at 4.00. 88.00% of the companies listed in the same industry pay a better dividend than AEE!
AEE's Dividend Yield is a higher than the S&P500 average which is at 2.42.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.98% |
5.2 History
On average, the dividend of AEE grows each year by 6.73%, which is quite nice.
AEE has been paying a dividend for at least 10 years, so it has 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
AEE pays out 60.08% of its income as dividend. 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.
DP60.08%
EPS Next 2Y7.99%
EPS Next 3Y7.88%
96.02
+0.54 (+0.57%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryMulti-Utilities
Earnings (Last)
Earnings (Next)
Inst Owners82.15%
Inst Owner Change1.36%
Ins Owners0.15%
Ins Owner Change1.51%
Market Cap25.95B
Analysts74.29
Price Target105.51 (9.88%)
Short Float %3.27%
Short Ratio5.21
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.98% |
Yearly Dividend2.66
Dividend Growth(5Y)6.73%
DP60.08%
Div Incr Years7
Div Non Decr Years7
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-2.28%
Min EPS beat(2)-4.08%
Max EPS beat(2)-0.49%
EPS beat(4)1
Avg EPS beat(4)-1.06%
Min EPS beat(4)-4.08%
Max EPS beat(4)3.16%
EPS beat(8)3
Avg EPS beat(8)-0.19%
EPS beat(12)5
Avg EPS beat(12)0.76%
EPS beat(16)7
Avg EPS beat(16)0.47%
Revenue beat(2)2
Avg Revenue beat(2)4.81%
Min Revenue beat(2)1.2%
Max Revenue beat(2)8.43%
Revenue beat(4)2
Avg Revenue beat(4)-0.46%
Min Revenue beat(4)-10.57%
Max Revenue beat(4)8.43%
Revenue beat(8)3
Avg Revenue beat(8)-6.2%
Revenue beat(12)7
Avg Revenue beat(12)5.3%
Revenue beat(16)11
Avg Revenue beat(16)5.71%
PT rev (1m)-0.03%
PT rev (3m)3.01%
EPS NQ rev (1m)0%
EPS NQ rev (3m)12.51%
EPS NY rev (1m)-0.12%
EPS NY rev (3m)-0.01%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.95%
Revenue NY rev (1m)0.38%
Revenue NY rev (3m)2.73%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.52 | ||
| Fwd PE | 17.94 | ||
| P/S | 3.28 | ||
| P/FCF | N/A | ||
| P/OCF | 9.6 | ||
| P/B | 2.12 | ||
| P/tB | 2.2 | ||
| EV/EBITDA | 14.22 |
EPS(TTM)4.68
EY4.87%
EPS(NY)5.35
Fwd EY5.58%
FCF(TTM)-6.99
FCFYN/A
OCF(TTM)10
OCFY10.41%
SpS29.24
BVpS45.21
TBVpS43.69
PEG (NY)2.28
PEG (5Y)3.16
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.65% | ||
| ROE | 9.9% | ||
| ROCE | 3.68% | ||
| ROIC | 3.21% | ||
| ROICexc | 3.22% | ||
| ROICexgc | 3.25% | ||
| OM | 19.93% | ||
| PM (TTM) | 15.31% | ||
| GM | 95.72% | ||
| 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-Score5
Asset Turnover0.17
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.6 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 6.29 | ||
| Cap/Depr | 298.05% | ||
| Cap/Sales | 58.07% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 86.74% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.86 | ||
| Quick Ratio | 0.62 | ||
| Altman-Z | 0.89 |
F-Score5
WACC6.57%
ROIC/WACC0.49
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)7.59%
EPS 3Y6.13%
EPS 5Y6.5%
EPS Q2Q%9.18%
EPS Next Y8.99%
EPS Next 2Y7.99%
EPS Next 3Y7.88%
EPS Next 5Y8.07%
Revenue 1Y (TTM)8.96%
Revenue growth 3Y6.04%
Revenue growth 5Y5.22%
Sales Q2Q%15.47%
Revenue Next Year7.58%
Revenue Next 2Y6.41%
Revenue Next 3Y6.05%
Revenue Next 5Y6.84%
EBIT growth 1Y-0.19%
EBIT growth 3Y4.38%
EBIT growth 5Y3.65%
EBIT Next Year100.6%
EBIT Next 3Y34.07%
EBIT Next 5Y24.53%
FCF growth 1Y-61.37%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y13.96%
OCF growth 3Y18.49%
OCF growth 5Y4.95%