CONSTELLATION ENERGY (CEG) Fundamental Analysis & Valuation

NASDAQ:CEG • US21037T1097

Current stock price

289.76 USD
+7.77 (+2.76%)
At close:
290.3 USD
+0.54 (+0.19%)
After Hours:

This CEG fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

5

1. CEG Profitability Analysis

1.1 Basic Checks

  • In the past year CEG was profitable.
  • In the past year CEG had a positive cash flow from operations.
  • In multiple years CEG reported negative net income over the last 5 years.
  • CEG had negative operating cash flow in 4 of the past 5 years.
CEG Yearly Net Income VS EBIT VS OCF VS FCFCEG Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B 4B -4B -6B

1.2 Ratios

  • The Return On Assets of CEG (4.05%) is better than 80.85% of its industry peers.
  • CEG has a better Return On Equity (15.97%) than 89.36% of its industry peers.
  • CEG has a Return On Invested Capital of 4.51%. This is in the better half of the industry: CEG outperforms 76.60% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for CEG is in line with the industry average of 4.52%.
Industry RankSector Rank
ROA 4.05%
ROE 15.97%
ROIC 4.51%
ROA(3y)4.78%
ROA(5y)2.71%
ROE(3y)19.77%
ROE(5y)11.21%
ROIC(3y)4.67%
ROIC(5y)N/A
CEG Yearly ROA, ROE, ROICCEG Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2018 2019 2020 2021 2022 2023 2024 2025 0 10 20

1.3 Margins

  • With a Profit Margin value of 9.08%, CEG is not doing good in the industry: 72.34% of the companies in the same industry are doing better.
  • In the last couple of years the Profit Margin of CEG has grown nicely.
  • The Operating Margin of CEG (12.09%) is worse than 82.98% of its industry peers.
  • In the last couple of years the Operating Margin of CEG has grown nicely.
  • CEG has a Gross Margin of 42.50%. This is comparable to the rest of the industry: CEG outperforms 42.55% of its industry peers.
  • In the last couple of years the Gross Margin of CEG has remained more or less at the same level.
Industry RankSector Rank
OM 12.09%
PM (TTM) 9.08%
GM 42.5%
OM growth 3Y81.51%
OM growth 5Y53.34%
PM growth 3YN/A
PM growth 5Y22.11%
GM growth 3Y14.18%
GM growth 5Y-1.38%
CEG Yearly Profit, Operating, Gross MarginsCEG Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2018 2019 2020 2021 2022 2023 2024 2025 0 10 20 30 40 50

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7

2. CEG Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), CEG is destroying value.
  • The number of shares outstanding for CEG has been reduced compared to 1 year ago.
  • CEG has less shares outstanding than it did 5 years ago.
  • The debt/assets ratio for CEG has been reduced compared to a year ago.
CEG Yearly Shares OutstandingCEG Yearly Shares OutstandingYearly Shares Outstanding 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M
CEG Yearly Total Debt VS Total AssetsCEG Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B 40B 50B

2.2 Solvency

  • CEG has an Altman-Z score of 2.29. This is not the best score and indicates that CEG is in the grey zone with still only limited risk for bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 2.29, CEG belongs to the top of the industry, outperforming 93.62% of the companies in the same industry.
  • The Debt to FCF ratio of CEG is 6.98, which is on the high side as it means it would take CEG, 6.98 years of fcf income to pay off all of its debts.
  • With an excellent Debt to FCF ratio value of 6.98, CEG belongs to the best of the industry, outperforming 89.36% of the companies in the same industry.
  • A Debt/Equity ratio of 0.61 indicates that CEG is somewhat dependend on debt financing.
  • CEG has a better Debt to Equity ratio (0.61) than 80.85% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.61
Debt/FCF 6.98
Altman-Z 2.29
ROIC/WACC0.52
WACC8.62%
CEG Yearly LT Debt VS Equity VS FCFCEG Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2018 2019 2020 2021 2022 2023 2024 2025 0 5B -5B 10B

2.3 Liquidity

  • A Current Ratio of 1.53 indicates that CEG should not have too much problems paying its short term obligations.
  • CEG has a Current ratio of 1.53. This is amongst the best in the industry. CEG outperforms 85.11% of its industry peers.
  • A Quick Ratio of 1.31 indicates that CEG should not have too much problems paying its short term obligations.
  • With an excellent Quick ratio value of 1.31, CEG belongs to the best of the industry, outperforming 85.11% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.53
Quick Ratio 1.31
CEG Yearly Current Assets VS Current LiabilitesCEG Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. CEG Growth Analysis

3.1 Past

  • The earnings per share for CEG have decreased strongly by -35.83% in the last year.
  • CEG shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 32.49% yearly.
  • The Revenue has grown by 8.34% in the past year. This is quite good.
  • CEG shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.72% yearly.
EPS 1Y (TTM)-35.83%
EPS 3YN/A
EPS 5Y32.49%
EPS Q2Q%-15.13%
Revenue 1Y (TTM)8.34%
Revenue growth 3Y1.47%
Revenue growth 5Y7.72%
Sales Q2Q%12.86%

3.2 Future

  • The Earnings Per Share is expected to grow by 19.56% on average over the next years. This is quite good.
  • Based on estimates for the next years, CEG will show a quite strong growth in Revenue. The Revenue will grow by 8.91% on average per year.
EPS Next Y52.39%
EPS Next 2Y33.7%
EPS Next 3Y29.89%
EPS Next 5Y19.56%
Revenue Next Year17.65%
Revenue Next 2Y11.54%
Revenue Next 3Y10.23%
Revenue Next 5Y8.91%

3.3 Evolution

  • Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
  • The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
CEG Yearly Revenue VS EstimatesCEG Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 10B 20B 30B
CEG Yearly EPS VS EstimatesCEG Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 0 5 10 15 20

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3

4. CEG Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 37.98, CEG can be considered very expensive at the moment.
  • Based on the Price/Earnings ratio, CEG is valued more expensive than 85.11% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of CEG to the average of the S&P500 Index (25.54), we can say CEG is valued slightly more expensively.
  • With a Price/Forward Earnings ratio of 24.92, CEG is valued on the expensive side.
  • 82.98% of the companies in the same industry are cheaper than CEG, based on the Price/Forward Earnings ratio.
  • CEG is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 22.70, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 37.98
Fwd PE 24.92
CEG Price Earnings VS Forward Price EarningsCEG Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of CEG indicates a rather expensive valuation: CEG more expensive than 82.98% of the companies listed in the same industry.
  • Based on the Price/Free Cash Flow ratio, CEG is valued a bit cheaper than the industry average as 76.60% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 81.44
EV/EBITDA 18.6
CEG Per share dataCEG EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60

4.3 Compensation for Growth

  • CEG's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • CEG's earnings are expected to grow with 29.89% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.72
PEG (5Y)1.17
EPS Next 2Y33.7%
EPS Next 3Y29.89%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

2

5. CEG Dividend Analysis

5.1 Amount

  • CEG has a yearly dividend return of 0.54%, which is pretty low.
  • Compared to an average industry Dividend Yield of 2.84, CEG's dividend is way lower than its industry peers. On top of this 87.23% of the companies listed in the same industry pay a better dividend than CEG!
  • With a Dividend Yield of 0.54, CEG pays less dividend than the S&P500 average, which is at 1.89.
Industry RankSector Rank
Dividend Yield 0.54%

5.2 History

  • CEG has been paying a dividend for over 5 years, so it has already some track record.
  • CEG has decreased its dividend in the last 3 years.
Dividend Growth(5Y)N/A
Div Incr Years2
Div Non Decr Years2
CEG Yearly Dividends per shareCEG Yearly Dividends per shareYearly Dividends per share 2022 2023 2024 2025 2026 0.5 1 1.5

5.3 Sustainability

  • 20.96% of the earnings are spent on dividend by CEG. This is a low number and sustainable payout ratio.
DP20.96%
EPS Next 2Y33.7%
EPS Next 3Y29.89%
CEG Yearly Income VS Free CF VS DividendCEG Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B -4B -6B
CEG Dividend Payout.CEG Dividend Payout, showing the Payout Ratio.CEG Dividend Payout.PayoutRetained Earnings

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CEG Fundamentals: All Metrics, Ratios and Statistics

CONSTELLATION ENERGY

NASDAQ:CEG (3/23/2026, 7:02:41 PM)

After market: 290.3 +0.54 (+0.19%)

289.76

+7.77 (+2.76%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)02-24
Earnings (Next)05-04
Inst Owners72.83%
Inst Owner Change1.37%
Ins Owners0.31%
Ins Owner Change46.11%
Market Cap104.89B
Revenue(TTM)25.53B
Net Income(TTM)2.32B
Analysts78.33
Price Target405.24 (39.85%)
Short Float %2.53%
Short Ratio2.2
Dividend
Industry RankSector Rank
Dividend Yield 0.54%
Yearly Dividend1.55
Dividend Growth(5Y)N/A
DP20.96%
Div Incr Years2
Div Non Decr Years2
Ex-Date03-09
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-0.57%
Min EPS beat(2)-3.49%
Max EPS beat(2)2.35%
EPS beat(4)2
Avg EPS beat(4)-20.36%
Min EPS beat(4)-83.02%
Max EPS beat(4)2.74%
EPS beat(8)6
Avg EPS beat(8)16.92%
EPS beat(12)8
Avg EPS beat(12)22.12%
EPS beat(16)8
Avg EPS beat(16)-13.97%
Revenue beat(2)1
Avg Revenue beat(2)6.25%
Min Revenue beat(2)-0.96%
Max Revenue beat(2)13.47%
Revenue beat(4)3
Avg Revenue beat(4)15.28%
Min Revenue beat(4)-0.96%
Max Revenue beat(4)25.1%
Revenue beat(8)4
Avg Revenue beat(8)5.52%
Revenue beat(12)7
Avg Revenue beat(12)6.5%
Revenue beat(16)10
Avg Revenue beat(16)17.82%
PT rev (1m)-0.43%
PT rev (3m)0.41%
EPS NQ rev (1m)-9.62%
EPS NQ rev (3m)-11.46%
EPS NY rev (1m)2.11%
EPS NY rev (3m)5.99%
Revenue NQ rev (1m)11.49%
Revenue NQ rev (3m)15.44%
Revenue NY rev (1m)7.89%
Revenue NY rev (3m)12.91%
Valuation
Industry RankSector Rank
PE 37.98
Fwd PE 24.92
P/S 4.11
P/FCF 81.44
P/OCF 24.76
P/B 7.23
P/tB 7.44
EV/EBITDA 18.6
EPS(TTM)7.63
EY2.63%
EPS(NY)11.63
Fwd EY4.01%
FCF(TTM)3.56
FCFY1.23%
OCF(TTM)11.7
OCFY4.04%
SpS70.54
BVpS40.1
TBVpS38.94
PEG (NY)0.72
PEG (5Y)1.17
Graham Number82.97
Profitability
Industry RankSector Rank
ROA 4.05%
ROE 15.97%
ROCE 6.26%
ROIC 4.51%
ROICexc 4.86%
ROICexgc 4.9%
OM 12.09%
PM (TTM) 9.08%
GM 42.5%
FCFM 5.04%
ROA(3y)4.78%
ROA(5y)2.71%
ROE(3y)19.77%
ROE(5y)11.21%
ROIC(3y)4.67%
ROIC(5y)N/A
ROICexc(3y)4.95%
ROICexc(5y)N/A
ROICexgc(3y)5%
ROICexgc(5y)N/A
ROCE(3y)6.37%
ROCE(5y)N/A
ROICexgc growth 3Y74.38%
ROICexgc growth 5Y62.88%
ROICexc growth 3Y73.87%
ROICexc growth 5Y62.63%
OM growth 3Y81.51%
OM growth 5Y53.34%
PM growth 3YN/A
PM growth 5Y22.11%
GM growth 3Y14.18%
GM growth 5Y-1.38%
F-Score6
Asset Turnover0.45
Health
Industry RankSector Rank
Debt/Equity 0.61
Debt/FCF 6.98
Debt/EBITDA 1.56
Cap/Depr 113.38%
Cap/Sales 11.55%
Interest Coverage 250
Cash Conversion 74.5%
Profit Quality 55.54%
Current Ratio 1.53
Quick Ratio 1.31
Altman-Z 2.29
F-Score6
WACC8.62%
ROIC/WACC0.52
Cap/Depr(3y)101.57%
Cap/Depr(5y)80.72%
Cap/Sales(3y)10.72%
Cap/Sales(5y)9.17%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-35.83%
EPS 3YN/A
EPS 5Y32.49%
EPS Q2Q%-15.13%
EPS Next Y52.39%
EPS Next 2Y33.7%
EPS Next 3Y29.89%
EPS Next 5Y19.56%
Revenue 1Y (TTM)8.34%
Revenue growth 3Y1.47%
Revenue growth 5Y7.72%
Sales Q2Q%12.86%
Revenue Next Year17.65%
Revenue Next 2Y11.54%
Revenue Next 3Y10.23%
Revenue Next 5Y8.91%
EBIT growth 1Y-27.91%
EBIT growth 3Y84.17%
EBIT growth 5Y65.18%
EBIT Next Year97.68%
EBIT Next 3Y37.99%
EBIT Next 5Y23.7%
FCF growth 1Y125.61%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y271.96%
OCF growth 3YN/A
OCF growth 5Y48.64%

CONSTELLATION ENERGY / CEG Fundamental Analysis FAQ

What is the fundamental rating for CEG stock?

ChartMill assigns a fundamental rating of 5 / 10 to CEG.


Can you provide the valuation status for CONSTELLATION ENERGY?

ChartMill assigns a valuation rating of 3 / 10 to CONSTELLATION ENERGY (CEG). This can be considered as Overvalued.


What is the profitability of CEG stock?

CONSTELLATION ENERGY (CEG) has a profitability rating of 5 / 10.


How financially healthy is CONSTELLATION ENERGY?

The financial health rating of CONSTELLATION ENERGY (CEG) is 7 / 10.


How sustainable is the dividend of CONSTELLATION ENERGY (CEG) stock?

The dividend rating of CONSTELLATION ENERGY (CEG) is 2 / 10 and the dividend payout ratio is 20.96%.