CONSTELLATION ENERGY (CEG) Fundamental Analysis & Valuation

NASDAQ:CEG • US21037T1097

Current stock price

273.985 USD
+1.17 (+0.43%)
Last:

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.
  • CEG had a positive operating cash flow in the past year.
  • 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 Return On Equity of 15.97%. This is amongst the best in the industry. CEG outperforms 89.36% of its industry peers.
  • The Return On Invested Capital of CEG (4.51%) is better than 76.60% of its industry peers.
  • CEG had an Average Return On Invested Capital over the past 3 years of 4.67%. This 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

  • The Profit Margin of CEG (9.08%) is worse than 72.34% of its industry peers.
  • CEG's Profit Margin has improved in the last couple of years.
  • Looking at the Operating Margin, with a value of 12.09%, CEG is doing worse than 82.98% of the companies in the same industry.
  • In the last couple of years the Operating Margin of CEG has grown nicely.
  • The Gross Margin of CEG (42.50%) is comparable to the rest of the industry.
  • 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.
  • Compared to 1 year ago, CEG has less shares outstanding
  • Compared to 5 years ago, CEG has less shares outstanding
  • CEG has a better debt/assets ratio than last year.
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

  • An Altman-Z score of 2.24 indicates that CEG is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • CEG's Altman-Z score of 2.24 is amongst the best of the industry. CEG outperforms 91.49% of its industry peers.
  • 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.
  • CEG has a Debt to FCF ratio of 6.98. This is amongst the best in the industry. CEG outperforms 89.36% of its industry peers.
  • CEG has a Debt/Equity ratio of 0.61. This is a neutral value indicating CEG is somewhat dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.61, CEG belongs to the top of the industry, outperforming 80.85% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.61
Debt/FCF 6.98
Altman-Z 2.24
ROIC/WACC0.53
WACC8.56%
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

  • CEG has a Current Ratio of 1.53. This is a normal value and indicates that CEG is financially healthy and should not expect problems in meeting 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.
  • CEG has a Quick Ratio of 1.31. This is a normal value and indicates that CEG is financially healthy and should not expect problems in meeting 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

  • CEG shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -35.83%.
  • Measured over the past years, CEG shows a very strong growth in Earnings Per Share. The EPS has been growing by 32.49% on average per year.
  • CEG shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 8.34%.
  • 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.
  • CEG is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 8.91% yearly.
EPS Next Y52.39%
EPS Next 2Y33.7%
EPS Next 3Y29.89%
EPS Next 5Y19.56%
Revenue Next Year20.41%
Revenue Next 2Y13.94%
Revenue Next 3Y11.7%
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

  • Based on the Price/Earnings ratio of 35.91, the valuation of CEG can be described as expensive.
  • Based on the Price/Earnings ratio, CEG is valued more expensive than 85.11% of the companies in the same industry.
  • CEG's Price/Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 26.17.
  • Based on the Price/Forward Earnings ratio of 23.56, the valuation of CEG can be described as rather expensive.
  • CEG's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. CEG is more expensive than 78.72% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 23.05, CEG is valued at the same level.
Industry RankSector Rank
PE 35.91
Fwd PE 23.56
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

  • CEG's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. CEG is more expensive than 78.72% of the companies in the same industry.
  • 76.60% of the companies in the same industry are more expensive than CEG, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 77
EV/EBITDA 18.02
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)0.69
PEG (5Y)1.11
EPS Next 2Y33.7%
EPS Next 3Y29.89%

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

3

5. CEG Dividend Analysis

5.1 Amount

  • With a yearly dividend of 0.57%, CEG is not a good candidate for dividend investing.
  • The stock price of CEG dropped by -25.51% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
  • With a Dividend Yield of 0.57, CEG pays less dividend than the industry average, which is at 2.85. 87.23% of the companies listed in the same industry pay a better dividend than CEG!
  • Compared to an average S&P500 Dividend Yield of 1.89, CEG's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.57%

5.2 History

  • CEG has been paying a dividend for over 5 years, so it has already some track record.
  • CEG has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)N/A
Div Incr Years3
Div Non Decr Years3
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

  • CEG pays out 20.96% of its income as dividend. This is a 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 (4/6/2026, 9:45:09 AM)

273.985

+1.17 (+0.43%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)02-24
Earnings (Next)05-04
Inst Owners72.83%
Inst Owner Change0%
Ins Owners0.31%
Ins Owner Change46.11%
Market Cap99.18B
Revenue(TTM)25.53B
Net Income(TTM)2.32B
Analysts79.23
Price Target405.42 (47.97%)
Short Float %2.79%
Short Ratio2.44
Dividend
Industry RankSector Rank
Dividend Yield 0.57%
Yearly Dividend1.55
Dividend Growth(5Y)N/A
DP20.96%
Div Incr Years3
Div Non Decr Years3
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)0.04%
PT rev (3m)-1.16%
EPS NQ rev (1m)2.98%
EPS NQ rev (3m)-8.4%
EPS NY rev (1m)0%
EPS NY rev (3m)4.28%
Revenue NQ rev (1m)-1.5%
Revenue NQ rev (3m)9.81%
Revenue NY rev (1m)6.35%
Revenue NY rev (3m)9.53%
Valuation
Industry RankSector Rank
PE 35.91
Fwd PE 23.56
P/S 3.88
P/FCF 77
P/OCF 23.41
P/B 6.83
P/tB 7.04
EV/EBITDA 18.02
EPS(TTM)7.63
EY2.78%
EPS(NY)11.63
Fwd EY4.24%
FCF(TTM)3.56
FCFY1.3%
OCF(TTM)11.7
OCFY4.27%
SpS70.54
BVpS40.1
TBVpS38.94
PEG (NY)0.69
PEG (5Y)1.11
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 2.24
F-Score6
WACC8.56%
ROIC/WACC0.53
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 Year20.41%
Revenue Next 2Y13.94%
Revenue Next 3Y11.7%
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.


What is the valuation status of CONSTELLATION ENERGY (CEG) stock?

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


How profitable is CONSTELLATION ENERGY (CEG) stock?

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


What is the financial health of CONSTELLATION ENERGY (CEG) stock?

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


What is the earnings growth outlook for CONSTELLATION ENERGY?

The Earnings per Share (EPS) of CONSTELLATION ENERGY (CEG) is expected to grow by 52.39% in the next year.